Crypto News Cast For September 2nd 2022 ?

Crypto News Cast 📮 02-09-2022

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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: $999 B
📊24h Mcap %: 24.10%
⚠️Bitcoin Dom: 38.90%
📌Active Coins: 12069
📍24h Vol %: -2.00%
💲24h Vol: $61 B

Crypto News Updates :

Hermès, A Luxury Brand, Enters Metaverse With Crypto And NFT Trademark Application
San Francisco-based, Binance.US Is Now Supporting Cardano (ADA) Staking
The California Assembly Passes Crypto Bill Mandating Crypto Business To Get License
Bitcoin Mining Difficulty Records New High Since January 2022, Hits 9% Increase
After The Merger, OpenSea Will Only Support Ethereum Proof Of Stake
Robinhood Makes Trading In Cardano (ADA) Possible For Its 23 Million Users
New Partnership From Ripple Aims To Hasten Web3 Development In Japan
Despite The “Crypto Winter,” 62% Of All Bitcoin Addresses HODL Their BTC

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– Hermès, A Luxury Brand, Enters Metaverse With Crypto And NFT Trademark Application

Hermes, a high-end brand, has filed trademark applications for the terms Crypto and NFTs. In an effort to diversify into the NFTs and virtual goods marketplaces, Hermes submitted a trademark application for its name. Hermes will provide user authentication services using e-commerce technology, along with other features, in downloadable computer game software if the trademark application is approved. Read Full on Finbold.

– San Francisco-based, Binance.US Is Now Supporting Cardano (ADA) Staking

According to a recent release, Binance, US has added Cardano (ADA) staking support. The ADA cryptocurrency has an annualized return on the trading platform of 6.4%. In June, the exchange added functionality for high-yield staking in an effort to take on Coinbase. Avalanche (AVAX), Solana (SOL), Cosmos (ATOM), and a few other coins are included in the initial list of proof-of-stake cryptocurrencies.Read Full on U.Today.

– The California Assembly Passes Crypto Bill Mandating Crypto Business To Get License

A new law that will require digital asset exchanges and other crypto businesses to seek a license in order to operate in California is expected to be signed by California Governor Gavin Newsom. The Digital Financial Assets Law, also known as California’s “BitLicense,” is modeled after the 2015-implemented BitLicense law in New York. If Democratic Governor Gavin Newsom approves it, California’s law would take effect in January 2025. Read Full on coindesk.

– Bitcoin Mining Difficulty Records New High Since January 2022, Hits 9% Increase

According to Glassnode data, the difficulty of mining Bitcoin (BTC) has increased by 9.26% to 30.98 trillion at block height 751968, the highest level since January 2022. The indicator implies that despite the asset’s generally subpar performance in August, more miners are entering the network. The amount of computing power on the Bitcoin network, or hash rate, determines the mining difficulty in the meantime. Read Full on cryptoslate.

– After The Merger, OpenSea Will Only Support Ethereum Proof Of Stake

Once the Merge has occurred, NFT marketplace OpenSea has said that it would only support the proof-of-stake version of Ethereum. On September 1, the business tweeted that it would only allow NFTs on the updated Ethereum PoS chain. In order to ensure a smooth transition to Proof-of-Stake, it has also been getting ready for it. Circle and Chainlink are two companies in the cryptocurrency industry that have stated they will exclusively support the PoS version of Ethereum. Read Full on BeInCrypto.

– Robinhood Makes Trading In Cardano (ADA) Possible For Its 23 Million Users

Cardano (ADA) is the most recent token to be added to the list of cryptocurrencies supported by Robinhood as it continues actively expanding its support. According to Robinhood, the listing was made possible by user demand, and trading in the token is anticipated to start right away. It is noteworthy that the listing of ADA occurs before the launch of Cardano’s Vasil hard fork later this month. The upgrade will provide the platform more scalability and is thought to be optimistic. Read Full on Finbold.

– New Partnership From Ripple Aims To Hasten Web3 Development In Japan

Btrax, a design consulting firm based in San Francisco, has declared a partnership with Ripple, a blockchain startup. They will create a Web3 design studio with the XRP Ledger at its core as part of the cooperation. The new service is meant to aid Japanese businesses in accelerating the growth of their Web3 businesses. The initiative will be centered on fostering the development of Web3 and teaching Japanese businesses on use cases related to it.Read Full on U.Today.

– Despite The “Crypto Winter,” 62% Of All Bitcoin Addresses HODL Their BTC

Investors in bitcoin (BTC) have used a variety of techniques to combat the current price decline as the crypto market continues struggling for a headway. Despite the current weak market conditions, 62% of Bitcoin owners have not sold their asset hold in over a year. In addition, as of September 1, 32% of investors had sold the asset within a month to a year. The result emphasizes how investors’ selling pressure on Bitcoin is waning. Read Full on Finbold.