Bitcoin Ethereum News Live Updates and Latest Crypto News: (October 19, 2022) The global crypto market registered a marginal decline on Wednesday morning after a broad recovery. The total crypto market cap stands at $926 billion.

The correlation between the digital asset market and the traditional market is at an all-time high. The US and Asian stock markets also show mixed indices. The futures market jumped as traders evaluate opportunities for earning growth above expected interest rates.



Brazilian Nubank launches its own crypto

Nubank. Brazil’s largest digital bank has decided to launch its own cryptocurrency Nucoin with the Polygon. It is expected to be released in the first half of next year. Nubank has a user base of over 70 million.


European Central Bank shows hawkish feeling

Amid the bear crypto market, the European Central Bank has decided to follow a similar path to the US Federal Reserve. The Fed is expected to raise interest rates in the future. However, this could be bad news for the crypto market.


Japan to simplify listing in Cyprus

Japan plans to simplify token listing requirements to revitalize local crypto markets. The authorities will relax crypto rules in the country. This move will allow the largest crypto exchanges like Binance to get licenses to operate in the country.


LUNC Community Approves Proposal to Reduce TaX Burn

According to reports, the Terra LUNC community has decided to approve proposal 5234. This will reduce the tax burden for on-chain transactions for LUNC token and USTC on the Terra Classic network from 1.2% to instant 0.2%.


Huobi Introduces 0% Fee For USDD Trading Pairs

Huobi Global has announced that it will introduce a 0% trading fee for trading USDD pairs in the world. USDD is an algorithmic stablecoin issued by Justin Sun’s Tron. Sun has reportedly acquired Huobi.


Ripple Files Memorandum of Law Against SEC

Ripple and Defendants have filed their memorandum of law against the SEC’s summary judgment motion in the XRP lawsuit. However, the committee also filed a memorandum against the SEC’s counter-statement.


Associations support grayscale

Four associations have supported Grayscale in the lawsuit against the US Securities and Exchange Commission (SEC). The associations are The Blockchain Association, The Chamber of Digital Commerce, Chamber of Progress and Coin Center.


Aptos (APT) price drops 43% after Airdrop

Aptos released an airdrop without a strict anti-Sybil attack. This led to some users getting a large number of airdrop tokens. Aptos price is down 43% to $7.77 at press time.


Crypto Market Registers Small Dump

The global crypto market plunged 1.36% over the past day. its total market cap is $926 billion. However, this comes after the market showed a broad recovery the day before.


The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication is not responsible for your personal financial loss.

About the author

Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email¬†protected]

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