Crypto News Cast For October 20th 2022 ?

Crypto News Cast 📮 20-10-2022

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: $918 B
📊24h Mcap %: -3.09%
⚠️Bitcoin Dom: 40.00%
📌Active Coins: 12785

📍24h Vol %: -5.20%
💲24h Vol: $43 B

Crypto News Updates :

Institutions Are Moving Very Quickly Into Cryptocurrency Space, According To Coinbase Executive
The “Tipping Point” For BNY Mellon’s Cryptocurrency Services Is High Client Demand
Ripple Announces $250 Million NFT Creator Fund’s Newest Recipients
Currently, Only 0.16% Of The World’s Energy Production Is Used For Bitcoin Mining
Loyalty Tokens Will Be Introduced By Nubank On The Polygon Blockchain
Japan Set To Allow Exchanges To List Currencies Without Tight Screening
Elon Musk’s Tesla Is Still Hoarding $218 Million In Bitcoin
Massive Ethereum Whales Tops Their Holds By 3.5 Million ETH
As Layer 2 Solution Launches, Charles Hoskinson Claims Algorand Is Now On Cardano

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– Institutions Are Moving Very Quickly Into Cryptocurrency Space, According To Coinbase Executive

According to Coinbase senior adviser John D’Agostino, institutional adoption of digital assets is going very fast, much quicker than the rate at which emerging sectors typically expand. D’Agostino told SALT in an interview chaired by Anthony Scaramucci that new asset classes normally take longer to develop because institutional inertia is a real thing and there are a lot of switching costs associated with adding new assets, but that this hasn’t been the case with crypto: Read Full on cointelegraph.

– The “Tipping Point” For BNY Mellon’s Cryptocurrency Services Is High Client Demand

According to BNY Mellon CEO Robin Vince, the bank’s decision to debut institutional-focused crypto services last week was ultimately influenced by its customer demand. Vince further cited a poll the bank had commissioned this year that revealed that 91% of large institutional asset managers, asset owners, and hedge funds were considering making an investment in a tokenized asset in the next few years. Read Full on cointelegraph.

– Ripple Announces $250 Million NFT Creator Fund’s Newest Recipients

In order to encourage the creation of NFT-related projects on the XRP Ledger, Ripple has announced the second wave of grantees chosen to join its $250 million Creator Fund. The metaverse platform 9LEVEL9, which will offer virtual event tickets as NFTs, the Japanese NFT marketplace Anifie, the NFT sports platform Capital Block, the XRP NFT marketplace NFT Master and others are all joining the fund’s second wave. Read Full on Decrypt.

– Currently, Only 0.16% Of The World’s Energy Production Is Used For Bitcoin Mining

The Bitcoin Mining Council (BMC) has published fresh evidence that shows how minimal the impact of mining Bitcoin (BTC) on the environment is, in light of an ongoing discussion on this issue. Indeed, as stated in a video aired this October, one of the findings of the BMC’s “Global Bitcoin Mining Data Review” for Q3 2022 is that global BTC mining uses only 0.16% of the world’s energy production. Read Full on Finbold.

– Loyalty Tokens Will Be Introduced By Nubank On The Polygon Blockchain

Nubank, a Brazilian fintech bank, announced the launch of the Nucoin token on the Polygon blockchain, opening the door for a rewards program for its 70 million Latin American customers. The token, according to the business, will be made available in the first half of 2023 and would reward customers for their involvement and loyalty with bank products without charging them any fees or costs. The tokens can be exchanged for benefits and special prices on particular goods. Read Full on cointelegraph.

– Japan Set To Allow Exchanges To List Currencies Without Tight Screening

Making it easier to market digital assets could help Japan further soften its cryptocurrency restrictions, which might increase its appeal to top crypto exchanges like Binance and others. According to fresh documents seen by Bloomberg, the governing body of cryptocurrency exchanges aims to allow them to list cryptocurrencies without subjecting them to a stringent vetting process unless the tokens are brand-new to Japan’s market. Read Full on Finbold.

– Elon Musk’s Tesla Is Still Hoarding $218 Million In Bitcoin

Tesla released documents before its third-quarter investor relations call, showing that its Bitcoin holdings have not changed since the second quarter of 2022. According to the business, it still has $218 million in Bitcoin. Tesla announced in July that it had sold $75% of its holdings in Bitcoin, which were worth $936 million at the time. Following the sale, Tesla revealed that as of the end of June, it still had $222 million in “digital assets” on its balance sheet. Read Full on Decrypt.

– Massive Ethereum Whales Tops Their Holds By 3.5 Million ETH

Whale investors in Ethereum (ETH), the second-largest cryptocurrency by market cap, have kept accumulating. According to Santiment data, 3.5 million additional coins have been added to Ethereum whale addresses that hold one million or more ETH since September 11. The addition increases the billionaire whales’ ETH holdings by 14%, raising the total holdings of the roughly 132 wallets in this cohort to an all-time high balance of 28.55 million ETH.Read Full on U.Today.

– As Layer 2 Solution Launches, Charles Hoskinson Claims Algorand Is Now On Cardano

The blockchain interoperability service called Milkomeda seeks to give non-EVM blockchains like Cardano and Algorand access to the Ethereum Virtual Machine (EVM). The base currency of the A1 Rollup is wrapped ALGOs, also known as milkALGOs. Cardano-based DEX Blueshift will be able to use Milkomeda’s A1 Rollup to introduce its DEX model to the Algorand ecosystem. Excited about the interoperability achievement, Cardano creator Charles Hoskinson announced that “Algorand is now on Cardano.”Read Full on Twitter.