Crypto News Updates📮29-10-2022
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Welcome to The Crypto News Update: A Complete Cryptocurrency Newsletter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.
24hours Cryptocurrency Market Cap:
📈MarketCap: $1024 B
📊24h Mcap %: 22.60%
⚠️Bitcoin Dom: 39.00%
⚡️Ethereum Dom: 19.40%
📌Active Coins: 12895
📍24h Vol %: -3.25%
💲24h Vol: $79 B
Crypto News Updates Today :
- 74% Of Institutions Surveyed By Fidelity Investment Plans To Buy Crypto
- Costa Rican Legislators Want To Eliminate Almost All Bitcoin Taxes
- Report Proves Anti-Tech Consumers Prefer Crypto Payments
- Charles Schwab Reports Cryptocurrency Is A Highest Method for Retirement Savings
- Payments Giant Visa Lists Trademarks For Cryptocurrency Wallets And The Metaverse
- Crypto Exchange Binance Approves $500M Investment in Musk’s Twitter Takeover
- Cardano Declares New Release for Layer 2 Scaling Solution Hydra
- Bitcoin Increased By 8% In October, Adding $30 Billion To Its Market Valuation
- Bitpay Adds MATIC Support, Panini America To Accept Polygon Payments
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74% Of Institutions Surveyed By Fidelity Investment Plans To Buy Crypto
Fidelity is back with another institutional survey, which finds that more institutions are investing in digital assets and a growing desire to dive into digital assets among top funders. The survey confirms that 74% of the surveyed institutions plan on buying crypto in the future. This increase is 6% year-over-year, which is a significant increase given that Fidelity Digital Assets found that 58% of investors surveyed reported owning digital assets in the first half of 2022. Read Full on blockworks
Costa Rican Legislators Want To Eliminate Almost All Bitcoin Taxes
The Costa Rican legislators are working to make their nation a more Bitcoin-friendly place. They want to make it so that buying and selling cryptocurrencies is not subject to taxes, which would help reduce the amount of cryptocurrency that people use. If passed, this would help make Costa Rica a more libertarian country.. Read Full on Decrypt
Report Proves Anti-Tech Consumers Prefer Crypto Payments
According to a recent report by PYMNTS, “tech-averse” consumers prefer using cryptocurrency for regular payments. The majority of consumers, 52%, who use cryptocurrency for investment reasons are mainstream technology users. Moreover, 39% of respondents from the core technology category were mostly interested in cryptocurrency transactions, while the majority of digital asset users with “fear of missing out” came from the tech-driven branch. Read Full on U.Today
Charles Schwab Reports Cryptocurrency Is A Highest Method for Retirement Savings
Charles Schwab believes that cryptocurrency is the best way to save for retirement, as Generation Z and millennials are more likely to invest in this type of investment than the older generations. Regarding how workers save for retirement, Schwab’s report finds that respondents are still more likely to save for retirement in a savings account than they are to invest.. Read Full on Bitcoin News
Payments Giant Visa Lists Trademarks For Cryptocurrency Wallets And The Metaverse
The growth of cryptocurrency and the metaverse has given traditional finance companies an opportunity to expand their services and meet consumer demands. Visa is one of the latest companies to express interest in the metaverse, hoping to provide services in the world. The company introduced two metaverse- one with plans to manage digital and cryptocurrency transactions, cryptocurrency wallets, NFTs, and digitalcurrency- and plans to create a global blockchain network that will allow for cross-border transactions.. Read Full on Finbold
Crypto Exchange Binance Approves $500M Investment in Musk’s Twitter Takeover
Binance has confirmed that it will invest in Elon Musk’s $44 billion acquisition of Twitter with the goal of expanding the use and adoption of crypto and blockchain technology. Earlier this week, Binance CEO CZ confirmed that Binance will honor its previous pledge of $500 million for Musk’s bid to buy Twitter. This will provide an opportunity to help connect social media and news in Web3. Read Full on Decrypt
Cardano Declares New Release for Layer 2 Scaling Solution Hydra
Hydra, a new layer 2 option for Cardano, has several changes to the API and fixed bugs. Hydra is an important tool for increasing Cardano’s scalability by layering a new protocol. The Alonzo upgrade made it possible to build smart contracts, dApps, and other apps on top of Cardano.. Read Full on U.Today
Bitcoin Increased By 8% In October, Adding $30 Billion To Its Market Valuation
On October 29, the price of bitcoin was $20,971, up 8.21% from the price of $19,379 on October 1. The current price of Bitcoin reflects its monthly high after facing the prospect of a further decline below $20,000 in price. Notably, on October 29, the market capitalization of Bitcoin stood at $402.31 billion, up roughly $30.84 billion from the $371.47 billion value on October 1. Read Full on Finbold
Bitpay Adds MATIC Support, Panini America To Accept Polygon Payments
Bitpay, a provider of bitcoin and cryptocurrency payment services, has announced that it now supports the Polygon (MATIC) network. The collectibles company Panini America will be Bitpay’s first merchant to accept MATIC payments, the company claims, and users of the Bitpay app will be able to store, swap, and use ERC20 tokens linked to the Polygon protocol in addition to Polygon’s native cryptocurrency asset MATIC. Read Full on Bitcoin News
