What Happens To L1 Tokens Today? (28 Oct 2022, Friday)


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BITCOIN (BTC)

Current Price: $ 20,293 (24h Changes: -0.82 %)

Current Market Cap: $ 395,110,916,064 (24h Changes: -2.24 %)

Positive News

Costa Rican Lawmakers Propose Nixing Almost All Taxes on Bitcoin

Source: Decrypt

Date: Thu, 27 Oct 2022 15:01:22

The move would attract foreign investors, fintech companies, and create jobs for Costa Ricans, says Costa Rican Congresswoman Johana Obando.

Bitcoin Steady Above $19K as Fed Poised to Deliver Big Rate Hike Next Month

Source: Coindesk

Date: Thu, 27 Oct 2022 14:00:03

CoinDesk Markets Managing Editor Brad Keoun discusses his analysis and outlook for bitcoin (BTC) as the U.S. Federal Reserve is expected to raise interest rates by 75 basis points at their next meeting Nov. 1-2. Plus, CoinDesk U.S. Regulatory Reporter Cheyenne Ligon sheds light on Hodlonaut winning a defamation lawsuit against self-proclaimed "Satoshi Nakamoto" Craig Wright.

The Bitcoin Zombie Rises Again

Source: Benzinga

Date: Thu, 27 Oct 2022 13:24:47

It's Halloween season, and bitcoin is like the horror movie monster that just won't die. Every time the bitcoin futures contract looked as if it was being knocked down below the 18,650 level during the past few months, it displayed remarkable resilience and would simply rise back up like a zombie.

Neutral News

Bullish or Bearish? Morgan Stanley Says Bitcoin Trading Is in Deep Freeze

Source: UToday

Date: Thu, 27 Oct 2022 15:52:00

Morgan Stanley says Bitcoin trading is currently experiencing a deep freeze, with a record number of coins not moving over the past six months

Brink Emerges as the Top Funder of Bitcoin Core Development, BitMex Research Says

Source: Coindesk

Date: Thu, 27 Oct 2022 14:36:52

The non-profit has funded the highest number of active Bitcoin Core developers and reviewers.

Bitcoin, Ethereum, XRP On-chain Analysis: Where Is Retail Demand?

Source: BeInCrypto

Date: Thu, 27 Oct 2022 14:20:00

Bitcoin led the market gains with a swift recovery above the $20,000 mark. Ethereum and XRP, along with other top altcoins, charted hefty gains.

Negative News

Bitcoin Mining Firm Core Scientific Likely to File For Bankruptcy

Source: TheNewsCrypto

Date: Thu, 27 Oct 2022 15:32:04

Nasdaq-traded shares of the company dropped by 70% immediately after the news broke. The miner said Celsius's refusal to pay

Is Core Scientific Done? Bitcoin Miner Needs Cash, Warns Of Bankruptcy As Stock Plummets

Source: Benzinga

Date: Thu, 27 Oct 2022 15:31:53

Core Scientific (NASDAQ: CORZ) stock nose-dived by nearly 77% after it warned shareholders of a potential bankruptcy if it failed to improve its financial condition. The company, one of the world's largest Bitcoin (CRYPTO: BTC) miners, told shareholders that it can't pay off its debt and will be seeking a variety of options to address its shortfall, including hiring advisers and selling assets in an attempt to raise capital.

Bitcoin dips as U.S. economy grows, and a crypto scam launches every four minutes: CNBC Crypto World

Source: CNBC Television

Date: Thu, 27 Oct 2022 15:08:56

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chen Arad of Solidus Labs discusses new data that shows 15 crypto scams launch per hour.

 

ETHEREUM (ETH)

Current Price: $ 1,515.8 (24h Changes: -1.06 %)

Current Market Cap: $ 186,042,811,134 (24h Changes: -2.47 %)

Positive News

8 Best Crypto To Buy Now According to Reddit

Source: CryptoNewsFlash

Date: Thu, 27 Oct 2022 14:07:55

In recent years, Reddit has become a hub for crypto enthusiasts, with many people actively hunting for the best crypto to buy right now on Reddit.  Throughout this guide, we'll be revealing eight of the best crypto to buy now according to Reddit, and reviewing each asset.

Ethereum Price Prediction – ETH BOOMS 20%, Bullrun Finally Here?

Source: CryptoTicker

Date: Thu, 27 Oct 2022 13:53:40

ETH increased by more than 25% in the past week. Can Ethereum price reach $2,000 before 2023?

Google Unveils New Blockchain Node Engine

Source: Bitcoinist

Date: Thu, 27 Oct 2022 13:17:44

Google is rolling out a new blockchain node engine for web3 devs this week, according to a press release on Thursday. This latest initiative from the powerhouse tech firm reflects a continued investment into web3 infrastructure, and looks to be another stepping-stone ‘win' for the company in building goodwill with web3 developers.

Neutral News

Solidus Labs Unveils First-of-its-kind Web3 AML Solution, Flagging Close to 200,000 Rug Pulls and Smart Contract Scams That Make Up 8% of All Ethereum Tokens

Source: Crypto Reporter

Date: Thu, 27 Oct 2022 15:11:24

In a major step towards de-risking DeFi, data released by Solidus reveals that a new token pre-programmed to scam users is created every 4 minutes on average, and the illicit funds from these scams often flow through and are potentially laundered via

Bitcoin, Ethereum, XRP On-chain Analysis: Where Is Retail Demand?

Source: BeInCrypto

Date: Thu, 27 Oct 2022 14:20:00

Bitcoin led the market gains with a swift recovery above the $20,000 mark. Ethereum and XRP, along with other top altcoins, charted hefty gains.

Here's What's Keeping Ethereum From Taking Bitcoin's Shine, ETH Claims $1,500

Source: NewsBTC

Date: Thu, 27 Oct 2022 14:15:23

Ethereum is finally coming back to life after a long period of consolidation and leading the current bullish momentum in the crypto top 10 by market cap. The slow price action might be boring for most market participants, but an expert believes ETH underwent a critical stage to create a lasting bottom.

Negative News

ETH/USD Outlook: Ethereum Prices Slip After Double Digit Gains

Source: DailyFX

Date: Thu, 27 Oct 2022 10:30:00

Ethereum prices have risen approximately 14% this week, driving prices to a firm barrier of technical resistance. Can ETH/USD bulls continue to drive prices higher?

Bitcoin, Ethereum Technical Analysis: BTC Slips, Following Move Above $21,000

Source: Bitcoin

Date: Thu, 27 Oct 2022 09:00:31

Bitcoin fell marginally lower on Thursday, as traders moved to secure gains following yesterday's price surge. The token rallied to a multi-week high above $21,000 late on hump-day, with bulls somewhat retreating today. Ethereum was also down from Wednesday's five-week high.

 

BINANCE (BNB)

Current Price: $ 284.55 (24h Changes: -0.73 %)

Current Market Cap: $ 47,068,206,386 (24h Changes: -2.01 %)

Positive News

Binance Coin (BNB) Price Prediction: New Bullish Cycle

Source: BeInCrypto

Date: Thu, 27 Oct 2022 13:40:00

Binance Coin (BNB) price has increased significantly since falling to a new yearly low in June. The recent triple-bottom pattern could confirm that a bullish reversal has begun.

Republic of Kazakhstan to Build CBDC on BNB Chain

Source: Crypto Daily

Date: Thu, 27 Oct 2022 13:30:58

The National Bank of Kazakhstan (NBK) will reportedly integrate its central bank digital currency (CBDC) into Binance's blockchain network, BNB Chain, said Binance CEO, Changpeng Zhao. The country's central bank began testing a CBDC in 2021.

Kazakhstan to Integrate its Digital Tenge into the BNB Chain

Source: Blockchain News

Date: Thu, 27 Oct 2022 12:30:49

Binance CEO has confirmed the National Bank of Kazakhstan will integrate its Digital Tenge into the BNB Chain ecosystem

Negative News

Most Crypto Scams on BNB Chain, Solidus Labs Says

Source: Coindesk

Date: Thu, 27 Oct 2022 09:00:05

Crypto risk monitoring platform says it has flagged nearly 200,000 crypto rug pulls and decentralized finance scams since August 2020.


CARDANO (ADA)

Current Price: $ 0.39 (24h Changes: -1.53 %)

Current Market Cap: $ 13,897,667,438 (24h Changes: -3.11 %)

Positive News

Charles Hoskinson Makes Cardano (ADA) Prediction, Says Ecosystem Will Become Network of Blockchains

Source: The Daily Hodl

Date: Thu, 27 Oct 2022 14:45:53

Cardano (ADA) creator Charles Hoskinson is making a long-term prediction for the future of the Ethereum (ETH) rival's ecosystem. In a new video update, Hoskinson says that he thinks criticisms of proof-of-stake blockchains like Cardano are often inaccurate, especially ones that claim proof-of-stake chains are less accessible to the average person than proof-of-work.

Cardano Sees $2.3 Billion Inflow into Its Market Cap in Days: Details

Source: UToday

Date: Thu, 27 Oct 2022 11:21:00

Cardano marked double-digit gains at its exit from $0.3 range

EU Lawmaker Calls Cardano A ‘Rocket' As ADA Eyes Monster Bull Run

Source: Zycrypto

Date: Thu, 27 Oct 2022 10:59:33

Stefan Berger, a member of the European Parliament and rapporteur of EU's landmark crypto law MiCA, has gushed praise for Cardano (ADA) —

Neutral News

Cardano (ADA) Settles After Charles Hoskinson's Lace Wallet News Trigger Price Spike

Source: Dailycoin

Date: Thu, 27 Oct 2022 08:25:55

The founder of Cardano has announced that the ecosystem could grow to accommodate a billion users.

Negative News

Top Crypto Analyst Issues Warning on Cardano, Says ADA Risks Large Crash if It Fails To Hit These Targets

Source: The Daily Hodl

Date: Thu, 27 Oct 2022 12:55:48

Widely followed analyst and trader Jason Pizzino is urging caution on Cardano (ADA) amid the eighth-largest crypto asset by market cap recording a bounce in price. Pizzino tells his 278,000 YouTube subscribers that Cardano could drop further below the 22-month low it reached earlier this month unless it consolidates above the current price.

Scam Alert: SHIB and DOGE on Cardano Might Be Honeypots

Source: UToday

Date: Thu, 27 Oct 2022 08:02:00

Shiba Inu and Dogecoin are gaining some popularity on market, which attracts scammers from all existing networks

 

RIPPLE (XRP)

Current Price: $ 0.46 (24h Changes: 0.89 %)

Current Market Cap: $ 23,475,662,768 (24h Changes: -0.96 %)

Positive News

8 Best Crypto To Buy Now According to Reddit

Source: CryptoNewsFlash

Date: Thu, 27 Oct 2022 14:07:55

In recent years, Reddit has become a hub for crypto enthusiasts, with many people actively hunting for the best crypto to buy right now on Reddit.  Throughout this guide, we'll be revealing eight of the best crypto to buy now according to Reddit, and reviewing each asset.

Ripple Partner Novatti to Use Riskified Fraud Management Platform for Secure Payments

Source: UToday

Date: Thu, 27 Oct 2022 11:47:00

Novatti and Riskified have teamed up in strategic partnership

Bullish Sentiments Hovers XRP Price ! Will It Hit $1 By End of 2022?

Source: CoinPedia

Date: Thu, 27 Oct 2022 09:01:32

The SEC v. Ripple case continued to be a source of concern for XRP holders, and the coin lagged behind the leaders on Wednesday. However, it appears as XRP has finally found its footing as XRP showcased its first “golden cross” in 15 months.

Neutral News

Bitcoin, Ethereum, XRP On-chain Analysis: Where Is Retail Demand?

Source: BeInCrypto

Date: Thu, 27 Oct 2022 14:20:00

Bitcoin led the market gains with a swift recovery above the $20,000 mark. Ethereum and XRP, along with other top altcoins, charted hefty gains.

Ripple CEO Makes Fun of Coinbase CEO's Speech, Here's What Happened

Source: UToday

Date: Thu, 27 Oct 2022 11:03:00

Ripple's Brag Garlinghouse addresses XRP delisting and tribalism, mocking Coinbase CEO

XRP price movement amid whales moving 158.71 million in minutes

Source: Invezz

Date: Thu, 27 Oct 2022 07:19:00

Whales that held the XRP cryptocurrency have moved more than 158.71 million tokens within the span of just three transactions. XRP (XRP/USD) is essentially the native cryptocurrency that is used by the open-sourced distributed ledger XRP Ledger (XRPL), powered by a network of peer-to-peer (P2P) servers.

Negative News

Coinbase CEO Speaks Against Crypto Tribalism, Ripple Boss Not Impressed

Source: Crypto news

Date: Thu, 27 Oct 2022 10:31:25

Brian Armstrong, the CEO of Coinbase exchange, seems to have been very outspoken on crypto matters lately. However, his recent comment on crypto tribalism didn't impress Ripple's CEO and community.

XRP Lawsuit: SEC Allows Amicus Briefs from Market Players, But on This Condition

Source: UToday

Date: Thu, 27 Oct 2022 06:55:00

SEC takes no position on motions to file amicus briefs

 

SOLANA (SOL)

Current Price: $ 30.66 (24h Changes: -0.47 %)

Current Market Cap: $ 11,144,427,748 (24h Changes: -1.68 %)

Positive News

Solana Recaptures $30 Support; Here Is What To Expect Based On This Indicator

Source: NewsBTC

Date: Thu, 27 Oct 2022 15:23:30

SOL's price shows strength as it bounces from a downtrend range after losing its key Support to a region of $28. SOL faces a major issue to hold above Support and trend higher above $34 after the price broke out of its downtrend descending triangle price movement.

Solana NFT Ecosystem Soars, Competing with Rivals, Mushe and Ethereum

Source: Dailycoin

Date: Thu, 27 Oct 2022 11:00:16

While the NFT space was once thought of as only successful on Ethereum, with other blockchains struggling to attract NFT enthusiasts, this has steadily changed in recent years.

Layer by Layer: Solana Moves to Improve Network Performance

Source: The Block

Date: Thu, 27 Oct 2022 09:11:24

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Solana is unique among L1 chains for its execution-focused architecture that relies on a close integration between validator software and hardware A litany of performance and downtime issues in the past year has highlighted the challenges of optimizing the protocol through frequent mainnet upgrades The latest release (v1.13.4) introduces a major change with the activation of the QUIC protocol and discontinuation of UDP, setting the stage for future stress tests of its new transaction processing capabilities

Neutral News

Aptos: NFT traders move away from Solana to APT since mainnet launch – Will price react?

Source: CryptoNewsFlash

Date: Thu, 27 Oct 2022 14:10:11

The APT token majorly benefits from Aptos Labs, which is committed to building products and apps on the former's blockchain.

Teleport Creators Raise $9M to Build Decentralized Uber Rival on Solana

Source: Decrypt

Date: Thu, 27 Oct 2022 10:01:03

DEC's TRIP protocol can power an array of blockchain-powered ridesharing apps, starting with the firm's own Teleport.

Can Solana's new community-centric NFT marketplace revitalize SOL

Source: AMBCrypto

Date: Thu, 27 Oct 2022 05:00:57

The Solana blockchain network has seen significant efforts toward NFT support in the past. Initial days saw Solana marketing itself as a more affordable option for the NFT market compared to Ethereum.

Negative News

Fintech and Web3 experts are ‘losing trust' in Solana over unstable network

Source: Finbold

Date: Thu, 27 Oct 2022 09:11:24

The decentralized finance (DeFi) Solana (SOL) network is among the most monitored cryptocurrency projects as the development team works to position it as an Ethereum (ETH) competitor. However, Solana's growth is threatened by network-related issues like frequent outages.

 

AVALANCHE (AVAX)

Current Price: $ 16.95 (24h Changes: 1.43 %)

Current Market Cap: $ 5,130,476,215 (24h Changes: -0.17 %)

Negative News

Avalanche price analysis: AVAX prices slip below $17.00 as selling pressure mounts

Source: Cryptopolitan

Date: Thu, 27 Oct 2022 07:20:30

Avalanche price analysis shows that selling pressure has been increasing in recent days, pushing AVAX prices below $17.00. Key support levels have been set at $16.90, but if these levels break, we could see further downward movement in Avalanche prices.

 

POLKADOT (DOT)

Current Price: $ 6.3 (24h Changes: -0.78 %)

Current Market Cap: $ 7,457,675,797 (24h Changes: -2.39 %)

Negative News

Polkadot price analysis: DOT retraces below $6.50, can the bulls defend $6.40?

Source: Cryptopolitan

Date: Thu, 27 Oct 2022 15:56:10

TL;DR Breakdown Polkadot price analysis suggests sideways movement between $6.40 and $6.60 The closest support level lies at 6.45 DOT faces resistance at the $6.50 mark The Polkadot price analysis shows that the price action finds resistance at the $290.00 mark and has fallen back below the $6.50 mark as the bulls recuperate.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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