Crypto News Cast For October 11th 2022 ?

Crypto News Cast 📮 11-10-2022

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.

24hours Cryptocurrency Market Cap:

📈MarketCap: $923 B
📊24h Mcap %: -6.21%
⚠️Bitcoin Dom: 39.70%
📌Active Coins: 12624

📍24h Vol %: 6.80%
💲24h Vol: $54 B

Crypto News Updates :

Billionaire Paul Tudor Jones Remains A Bitcoin Holder, Despite The Long Dull Market
Ethereum Scaling Tool, Polygon Launches zkEVM Public Testnet
Formula 1 Explores NFTs And Crypto In More Detail With Recent Filings
New Global Tax Reporting Framework For Crypto Assets Is Announced By The OECD
Ethereum Record Quick Network Growth With New 135,000 Addresses Added Daily
New Crypto Taxes Are Included In Portugal’s Draft Budget
Coinbase Receives In-principle Cryptocurrency License Permission In Singapore
The Bitcoin Mining Difficulty Has Increased Significantly Since May 2021

Register at the best crypto leverage exchanges

– Billionaire Paul Tudor Jones Remains A Bitcoin Holder, Despite The Long Dull Market

In a recent interview with CNBC, hedge fund guru Paul Tudor Jones revealed that he still holds some portion of investment in Bitcoin, the biggest cryptocurrency in the world. He revealed he has always allocated a tiny amount to it. Because there is too much money in the world, he thinks that someday, cryptocurrencies like Bitcoin and Ethereum will be valuable. The billionaire really predicts that both cryptocurrencies will trade at considerably greater levels.Read Full on Twitter.

– Ethereum Scaling Tool, Polygon Launches zkEVM Public Testnet

The zero knowledge-EVM public testnet, which Polygon defined as the next stage for Ethereum, went live on Monday. By introducing zero-knowledge (ZK) rollup technology, Polygon aims to overtake Ethereum as the most scalable system. The latest solution from Polygon will employ the Ethereum Virtual Machine (EVM) for its ZK rollup, so developers won’t need to learn new programming languages and can seamlessly migrate their smart contracts from Ethereum. Read Full on coindesk.

– Formula 1 Explores NFTs And Crypto In More Detail With Recent Filings

Formula One, a major name in racing, has registered new trademarks for cryptocurrencies and non-fungible tokens. It intends to provide software for use with cryptocurrencies, digital collectibles, and non-fungible tokens, according to one of the filings. Additionally, this software will handle bitcoin trading and payment activities. Retail store services for virtual commodities are the subject of another filing. Formula One plans to establish an online marketplace for bitcoin buyers and sellers. Read Full on U.Today.

– New Global Tax Reporting Framework For Crypto Assets Is Announced By The OECD

The Crypto-Asset Reporting Methodology (CARF), a new tax reporting framework released by the Organization for Economic Co-operation and Development (OECD). The system makes sure “the gathering and automatic exchange of data on pertinent cryptocurrency transactions. The meaning of digital assets “consists of resources that may be managed and transferred decentralizedly, without the use of conventional financial intermediaries. Read Full on coindesk.

– Ethereum Record Quick Network Growth With New 135,000 Addresses Added Daily

Following the Merge upgrade, the Ethereum (ETH) network is currently displaying some positive indicators after boosting the amount of addresses added to the network, hinting towards a breakout. According to monitoring tool Santiment, the number of new Ethereum addresses created on October 8 was the largest since December 7, 2021, with 135,780 new ETH addresses being added to the network.Read Full on Finbold.

– New Crypto Taxes Are Included In Portugal’s Draft Budget

Among other new taxes, Portugal may levy a 28% tax on cryptocurrency capital gains profits. Bloomberg reports that Portugal’s draft budget proposal for 2023 specifies higher tax rates for cryptocurrency investors. According to one clause, gains on cryptocurrency investments held for less than a year would be subject to a 28% tax. The draft budget’s other sections imply that bitcoin mining and issuance generate taxable income. Read Full on Crypto Briefing.

– Coinbase Receives In-principle Cryptocurrency License Permission In Singapore

The Monetary Authority of Singapore (MAS), Singapore’s central bank, has given “in-principle clearance” for the Coinbase Singapore branch to offer bitcoin services in Singapore. Singapore is a key institutional market for the exchange in Asia, according to Hassan Ahmed, CEO of Coinbase Singapore and the exchange’s regional director for Southeast Asia. This is because businesses there continue to show interest in and exposure to cryptocurrencies. Read Full on cointelegraph.

– The Bitcoin Mining Difficulty Has Increased Significantly Since May 2021

The competition among Bitcoin (BTC) miners has been increasing, with mining difficulty reaching a new all-time high, despite the fact that the price of Bitcoin is only recording modest rises. While the price of Bitcoin has only increased by 0.49% over the last seven days, the Bitcoin mining difficulty as of October 10th was 35.61 trillion, which is not only a new all-time high but also the steepest growth since May 13, 2021 (+13.55%). Read Full on Finbold.