Crypto News Cast For August 11th 2022 ?

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crypto news cast for august 11th 2022 ?
Crypto News Cast 📮 11-08-2022

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:          $1168 B
📊24h Mcap %:        22.80%
⚠️Bitcoin Dom:        40.40%
📌Active Coins:       11649
📍24h Vol %:           7.60%
💲24h Vol:               $90 B

Crypto News Updates :
  • The Taproot Update For Bitcoin Now Keeps 0.06% Of All BTC
  • The Reserve Bank Of Australia Will Investigate CBDC Use Cases
  • Staking Is A Now Major Product On Coinbase Amidst Crypto Decline
  • OpenNode Collaborates With Launch Cart To Establish Bitcoin Payments For E-commerce Companies
  • A Record-high Number Of Addresses Have Over 1 BTC Despite Market Decline
  • Mike Novogratz Predicts That Interest In Merge Will Pull Money Into Ethereum
  • Despite Market Meltdown, Top Watchmakers Will Still Accept Cryptocurrency Payments
  • Morgan Stanley Posts A Job Offer, Alluding Future Cryptocurrency Growth


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– The Taproot Update For Bitcoin Now Keeps 0.06% Of All BTC

The amount of the leading cryptocurrency on its Pay-to-Taproot (P2TR) outputs has been rising ever since Bitcoin (BTC) had its Taproot upgrade in November 2021, progressing in a moderate upward trend since March 2022. According to information from Coin Metrics’ “State of the Network” weekly, these stores have expanded to hold 11,740 BTC, or 0.06% of the total number of BTC in circulation.Read Full on Finbold.

– The Reserve Bank Of Australia Will Investigate CBDC Use Cases

The Reserve Bank of Australia joins in the race for central bank digital currencies (CBDCs) by investigating potential uses for one in the nation. On a specific research project, it will work with the Digital Finance Cooperative Research Centre (DFCRC). The Reserve Bank and DFCRC’s collaborative effort will concentrate on cutting-edge use cases and business models that could be backed by the issuing of a CBDC.Read Full on cointelegraph.

– Staking Is A Now Major Product On Coinbase Amidst Crypto Decline

Coinbase CEO Brian Armstrong stated the business isn’t focused on making a profit rather it is focused on staking in the face of a decline in cryptocurrency prices and less money from user transactions. Additionally, it states that staking is one of Coinbase’s prioritized products with the long-term objective of becoming the leading provider of staking among businesses engaged in the cryptocurrency industry.Read Full on Decrypt.

– OpenNode Collaborates With Launch Cart To Establish Bitcoin Payments For E-commerce Companies

With the help of a partnership between OpenNode, a Bitcoin infrastructure provider, and eCommerce platform Launch Cart, any business using Launch Cart’s platform can now take bitcoin as payment. The press release adds that by utilizing immediate and immutable payments made over Bitcoin’s Lightning Network, the usage of bitcoin as payment will solve difficulties with fraud. By doing so, the company will also save time and money by cutting out middlemen.Read Full on Bitcoin Magazine – Bitcoin News, Articles and Expert Insights.

– A Record-high Number Of Addresses Have Over 1 BTC Despite Market Decline

According to data from cryptocurrency analytics company Glassnode, as of August 10, there were 894,303 Bitcoin addresses containing more than one BTC. The latest data shows that investors appear to be accumulating more of the commodity as evidenced by the number of addresses holding over one BTC as Bitcoin (BTC) strives to go past the lows of 2022. Investors that purchase Bitcoin during a fall do so with the expectation that the price will rise in the future. Read Full on Finbold.

– Mike Novogratz Predicts That Interest In Merge Will Pull Money Into Ethereum

Due to the impending Merge upgrade, according to Mike Novogratz, CEO of cryptocurrency investing company Galaxy Digital, Ethereum is presently his highest conviction cryptocurrency trade. Furthermore, He pointed out that prices are usually determined on the margin and believes that this excitement over the Merge’s eventual completion will keep investors interested in Ethereum and will bring in more money. Read Full on Finbold.

– Despite Market Meltdown, Top Watchmakers Will Still Accept Cryptocurrency Payments

Despite the cryptocurrency market’s sharp downturn in recent months, some luxury watch companies, like TAG Heuer and Hublot, have stated they will keep taking cryptocurrency as payment. When a TAG Heuer customer decides to pay with cryptocurrency, they have a fifteen-minute window at the point of sale to execute the transaction at a fixed exchange rate, thereby reducing the risk of volatility. Read Full on Finbold.

– Morgan Stanley Posts A Job Offer, Alluding Future Cryptocurrency Growth

The world’s largest investment bank, Morgan Stanley, has published job listings that outline its future cryptocurrency aspirations. A product development manager with a focus on developing new crypto products across different business divisions is sought by the top investment bank and wealth management company. The job ad demonstrates that Morgan Stanley is expanding its product offering while delving deeper into the bitcoin industry. Read Full on InsideBitcoins.com.
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