Crypto News Cast For October 7th 2022 ?

Crypto News Cast 📮 07-10-2022

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: $941 B
📊24h Mcap %: -16.00%
⚠️Bitcoin Dom: 39.60%
📌Active Coins: 12576

📍24h Vol %: -3.12%
💲24h Vol: $54 B

Crypto News Updates :

Despite Without Legal Tender Status, Virtual Assets Are Still Accepted As Payment By Merchants
Binance Crypto Exchange Gets Operational Approval To Function In Kazakhstan
Despite The Bear Market, The Number Of Active Ethereum Users Increased 36% In Q3
Binance Seeks To Expand To Turkey And The Philippines
Grayscale Introduces A Bitcoin Mining Investment Vehicle That Distributes Dividends From Mined BTC
The Government Of Norway Is Considering Ending The Discounted Power Tariff For Bitcoin Miners
MakerDAO Launches $500Million In US Treasuries And Business Bonds
Robert Kiyosaki Advises Purchasing Bitcoin, Claiming Money, Equities, And Bonds Are Toast

Register at the best crypto leverage exchanges

– Despite Without Legal Tender Status, Virtual Assets Are Still Accepted As Payment By Merchants

The Bank of Namibia recently announced that it has included providers of virtual asset services and virtual assets under its regulatory framework for fintech innovations and that it intends to alter relevant laws and regulations. BON also made it clear that, despite the fact that privately-issued digital currencies are still not legally recognized, businesses and dealers are still permitted to accept money in this way so long as the customer is prepared to engage in an exchange or transaction. Read Full on Bitcoin News.

– Binance Crypto Exchange Gets Operational Approval To Function In Kazakhstan

According to a press release, cryptocurrency exchange Binance has received a license to operate in Kazakhstan. Binance will be able to operate as a regulated platform and offer custody services for digital assets at the Astana International Financial Center thanks to the license from the Astana Financial Services Authority (AFSA). Kazakhstan has been working with the exchange to draft regulations for cryptocurrency businesses as the nation aims to grow its digital asset market. Read Full on coindesk.

– Despite The Bear Market, The Number Of Active Ethereum Users Increased 36% In Q3

According to Dune Analytics data, nearly 4.5 million additional active users joined Ethereum during the third quarter despite the long overdue bear market. A 36% rise in the number of active users is represented by the 4.5 million new users. The network has been experiencing a steady decline in users since the fourth quarter of 2021, when ETH’s price reached an all-time high of $4,890. The growth reverses this trend. Read Full on cryptoslate.

– Binance Seeks To Expand To Turkey And The Philippines

The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization’s head of Asia operations. The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization’s head of Asia operations. Read Full on Forkast.

– Grayscale Introduces A Bitcoin Mining Investment Vehicle That Distributes Dividends From Mined BTC

The largest digital currency asset management in the world, Grayscale Investments, stated it is launching an investment vehicle to help investors take advantage of the falling cost of bitcoin mining infrastructures in the midst of a protracted crypto winter. On October 6, the asset manager announced the establishment of Grayscale Digital Infrastructure Opportunities LLC (“GDIO”), a private co-investment opportunity in the Bitcoin mining technology (BTC). Read Full on Finbold.

– The Government Of Norway Is Considering Ending The Discounted Power Tariff For Bitcoin Miners

The Norwegian finance minister, Trygve Slagsvold Vedum, has urged that the government end a program that permits crypto data centers to pay a discounted cost for electricity. Data centers operating in Norway may soon be subject to the same power taxes as other businesses, according to a proposal from the Norwegian government. The administration claimed that the reduced rate needed to be phased out because electricity demand was increasing in some areas. Read Full on cointelegraph.

– MakerDAO Launches $500Million In US Treasuries And Business Bonds

The first step toward investing $500 million of MakerDAO’s stablecoin reserves in short-term US treasury bonds and investment-grade corporate bonds has been taken. Following a vote by Maker token holders, the decentralized autonomous organization (DAO) approved a $1 million trial transaction. The decision, according to MakerDAO, was made to improve the project’s financial sheet by increasing exposure to liquid, low-risk traditional assets. Read Full on theblock.

– Robert Kiyosaki Advises Purchasing Bitcoin, Claiming Money, Equities, And Bonds Are Toast

Robert Kiyosaki, author of the book “Rich Dad, Poor Dad,” has emphasized that investors should choose Bitcoin (BTC) and precious metals, referring to cash, stocks, and bonds as “toast.” With the efforts of the international central banks to stop the spiraling inflation, Robert Kiyosaki claims that confidence in traditional finance investment products has been called into question. Read Full on Finbold.