TOP CRYPTO NEWS TODAY
11 OCT 2022
These are today’s top crypto news:
- Bitcoin price briefly dropped below $19,000 before climbing back, XRP leads crypto losers with 6% negative in the past 24hrs
- The latest Glassnode report reveals that Bitcoin mining difficulty hit an ATH, causing the profitability to drop further – the report estimates that revenue now is half of that recorded last year.
- Portugal – a country that became a crypto haven since crypto investments are not taxed, is making a Uturn with a bill that proposes 28% tax on annual crypto trading profits next year.
- The Terra Classic stablecoin, Terra UST, jumped 30% after the emergence of a proposal by Terra classic core developer Tobias Andersen to re-peg the token using Quantitative Tightening.
His plans include novel concepts such as partitioned pools, partial swaps, remittance corridors, and tranches. All these concepts will play a role in reviving the token which I am rather pessimistic about. I’m not touching this mess.
- And lastly, a Bitcoin developer created and executed a complex transaction on the Bitcoin blockchain on Oct. 9 that caused many nodes on the Lightning Network to fall out of sync, due to a bug. The transaction was a multi-sig payment, where multiple cryptographic keys are used to sign a single transaction. But don’t be alarmed, the issue was quickly resolved.
☝These are my opinions, not financial advice, always DYOR.
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🔑Top Crypto Wallets:
- ►Top Mobile (Anonymous) Wallet is Trust Wallet – https://share.trustwallet.com/TtMUdOW
- ►Top Desktop (Anonymous) Wallet is Atomic Wallet – https://atomicwallet.io/
🛒Where I buy crypto
- Bitpanda (bank cards & transfers accepted)
- Coinbase (credit cards, bank transfers)
- Swan Bitcoin (US only)
- Crypto.com (bank cards & transfers)
- Binance (credit card, bank transfer)
- Kucoin (credit card, bank transfer)
💹Top Crypto Exchanges
- Binance (biggest, KYC required)
- Kucoin (crypto only, 5BTC daily withdrawal, no KYC)
- Bittrex (crypto only, KYC required)
- Bityard (stocks, commodities and crypto, no KYC)
- Margex (100x leverage, no KYC)
The information contained in this article is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
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Crypto Jargon A-Z is the most comprehensive crypto dictionary (glossary) of all the terms, acronyms and slang that you will find in crypto guides, videos, articles and social media posts. Get more than 1000 terms compiled and defined in a simple way, and enhance your knowledge and understanding of the jargon you see every day.
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