Crypto News Cast For October 24th 2022 ?

Crypto News Cast 📮 24-10-2022

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: $932 B
📊24h Mcap %: -6.39%
⚠️Bitcoin Dom: 39.90%
📌Active Coins: 12829

📍24h Vol %: 12.70%
💲24h Vol: $58 B

Crypto News Updates :

Bitcoin‘s Market Cap Could Rise Sharply According To ARK Invest’s Cathie Wood
Kazakhstan Is The Third Largest Contributor To Bitcoin Mining After The US And China
A New All-time High Of 3.44% Is Reached By Bitcoin’s Mining Difficulty
Despite The SEC’s Aggression, Professional Investors Keen To Invest In Cryptocurrencies
In Q3 2022, Bitcoin Outperformed US Stocks And NFTs

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– Bitcoin’s Market Cap Could Rise Sharply According To ARK Invest’s Cathie Wood

Fund manager Cathie Wood says she believes bitcoin’s market capitalization could grow rapidly and be more valuable than most fiat currencies around the world. In a new interview on What Bitcoin Did with BTC advocate Peter McCormack, the ARK Invest CEO says she asked prominent economist Art Laffer to “rip apart” Bitcoin’s whitepaper to see if BTC can serve the three roles of money, which are store of value, unit of account and medium of exchange. Wood says Laffer said Bitcoin could potentially be an asset maintaining the value of the US dollar. Read Full on The Daily Hodl.

– Kazakhstan Is The Third Largest Contributor To Bitcoin Mining After The US And China

For over a year, the oil-rich Central Asian country of Kazakhstan has maintained its position as the third-biggest contributor to Bitcoin mining after surpassing Russia back in February 2021. As of January 2022, Kazakhstan contributed 13.22% of the total bitcoin hashrate, placing it just behind the historical leaders of the U.S. (37.84%) and China (21.11%). With a similar timeframe, Cambridge Centre for Alternative Finance data estimated Kazakhstan’s absolute hash rate contribution (monthly average) was 24.8 exahashes per second (Eh/s). Meanwhile, the US and China contributed 71 Eh/s and 39.6 Eh/s respectively. Read Full on cointelegraph.

– A New All-time High Of 3.44% Is Reached By Bitcoin’s Mining Difficulty

Bitcoin experienced a further increase in mining difficulty, with block height 760,032 increasing by 3.44%. By tapping 36.84 trillion, the network’s mining difficulty has also increased to an all-time high (ATH), making it 3.44% harder to find a bitcoin block subsidy. The recent mining difficulty increased for Bitcoin (BTC) over the weekend is significant to the level miners faced over the previous two weeks. Read Full on Bitcoin News.

– Despite The SEC’s Aggression, Professional Investors Keen To Invest In Cryptocurrencies

The Securities and Exchange Commission (SEC) of the United States and related agencies have recently stepped up their attempts to crack down on crypto initiatives. As a result, the aggressive enforcement action may influence an investor’s decision to invest in crypto. With greater legal action being taken in the digital asset industry, professional investors are 56% more likely to invest in crypto. Read Full on Finbold.

– In Q3 2022, Bitcoin Outperformed US Stocks And NFTs

After experiencing a substantial decline, the cryptocurrency market saw a little comeback in Q3. BTC surpassed all asset classes besides the U.S. dollar index, which gauges how much a basket of other currencies are worth in relation to the dollar. According to CoinGecko’s most recent quarterly report, the total market capitalization of cryptocurrencies rose by roughly $100 billion, or 6.5%, in Q3 over Q2 overall.Read Full on CryptoPotato.