Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’

Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute to reducing food inflation. The day before Macklem’s statements on CBC Radio, Canadian columnist […]

Sam Bankman-Fried announces efficiency updates to FTX

The crypto derivatives platform is expected double its order throughput and significantly reduce order latency, according to its CEO.

Portugal Plans to Impose 28% Tax on Crypto Gains

submitted by /u/DrinkMoreCodeMore [link] [comments]

Multiverse Labs launches government-backed metaverse city in UAE

Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions.

Chainlink (LINK) Performs Well Despite Market Uncertainty

Despite facing uncertain conditions, Chainlink (LINK) has displayed a remarkable performance in the last seven days. The cryptocurrency went from $7.05 to testing its $7.9 resistance but failed. However, it left traders and investors with decent profits along the way. Plus, some analysts are hopeful Chainlink may finally break into the $8 zone. With October being a bullish season for altcoins and Chainlink’s recent Hebys partnership, these predictions seem practical. Related Reading: Bitcoin Price Kicks Off the Week In Red, What Fueled The Crash? Chainlink Meets New Resistance At $8 Chainlink is one of the few cryptos making profits despite the uncertainty in the market. While it experienced some turbulence during the week, Chainlink managed to hold substantial profits for alt traders. The oracle service provider started last week strong at $7.38 floor. However, the next day was rocky for the crypto as it fell sharply to $7.05.  Thankfully, it found support at that level and quickly recovered, gaining back its starting floor on Tuesday. It went on to add some decent gains the rest of the week and even tested $8. However, it found resistance at $7.9 before dropping back. As of writing, Chainlink is trading at $7.5. Chainlink’s 1D Chart Doesn’t Look So Good. Chainlink hasn’t been performing well in the last 24 hours despite swimming in profit from last week. LINK is currently down 0.40%, but it was much worse earlier today. The open-source protocol’s token dropped from its $7.55 floor to $7.42, leaving traders with a 1.72% loss. It had earlier climbed to %7.65 and looked like it could keep up the momentum. As of writing, it has slowly crept back to its flow. However, it’s uncertain how high the crypto will go since the day has been sluggish generally for altcoins. But on a brighter note, LINK has held its end against the two giant cryptos, Bitcoin and Ethereum. The coin has gained 0.35% and 0.43% against both tokens.  Plus, it has seen quite a lot of activity in terms of the trading volume. LINK has a trading volume of $293,395,930, an impressive over 29% increase in a week in volume. This growth suggests there might be more room for the altcoin to grow before the trading day ends. A Good Week For Chainlink In Terms Of Partnerships The Chainlink community has welcomed some bullish news this week. On Oct. 5, the blockchain company announced its latest partnership with Sigma Two Securities, a systematic liquidity provider and trading business. The partnership brings the latter’s high-quality market data on-chain using Chainlink’s robust decentralized oracles network. According to the press release, Chainlink will add Sigma Two Securities’ data to its tamper-resistant oracle report. This move will help expand the number of smart-contract use cases relying on financial market aggregation services for data.  Related Reading: Ethereum Marks Highest Growth Day In 2022, Will ETH Price Follow? In another announcement, Hebys integrated Chainlink’s Verifiable Random Function (VRF) on several NFT blockchains, including Ethereum, BNB Chain, and Polygon. This allows them to effectively distribute NFT randomly on their platform.  Featured image from Pixabay and chart from TradingView.com

All of you are saying that Reddit Avatars will have an insane value in the future, yet I am unbale to sell my mine for a few dollars

not trying to sell my NFT here, my point is just that you guys are biased and just believe what you want to believe. lets face it, the one and only reason why you are bullish on Reddit avatars is that you got one for free and you wish that it will make you rich.…
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Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage

Ten days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders […]

OECD releases framework to combat international tax evasion using digital assets

The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13.

Price analysis 10/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Legacy markets continue to negatively impact Bitcoin price, but a positive sign is that the bulls have not allowed BTC to retest its June low.