Cryptocurrency News Today Live Updates October and Latest News: (20 October 2022) The digital asset market continues to register a decline for the straight two days. The total crypto market cap is marginally down to stand at $920 billion. The cumulative 24-hour trading volume stands at $45.59 billion which is a drop of 15%.
The Asian traditional markets opened to register a fall. While bond yields register a spike over the indication of strong inflation and aggressive monetary policy to slow down the global economy.
Voyager-FTX Deal Receives Court Approval
U.S. Bankruptcy Court for the Southern District of New York approves sale of Voyager Digital’s assets to crypto exchange FTX for $1.42 billion. Creditors approving the sale could recover 72% of crypto assets that they held before bankruptcy. Creditor votes are due by November 29 and final hearing is due in December.
Do Kwon Tracked Down By S.Korean Prosecutors
Crypto fugitive Do Kwon allegedly has been on a run since the collapse of the Terra native token LUNA and stablecoin USTC. However, South Korea’s prosecutors have now revealed that Kwon left Singapore last month and now is residing in Dubai.
PancakeSwap Initiates Proposal For Deployment To Aptos chain
Binance’s DEX PancakeSwap on BSC has initiated a proposal to deploy to Aptos. It is expected to be completed by quarter 4 of 2022. It mentioned that the PCS has developed a strong relationship with the Aptos team. It is working with them to support their deployment on various products.
Bitcoin Can Enter Maturation Stage
Mike McGlone, a Bloomberg senior commodity analyst hinted that Bitcoin (BTC) could be entering a harsh maturation stage. He suggested that Bitcoin’s diminishing supply could be unprecedented on a global scale.
Aptos Token Barges Into Top 100 Cryptos
The newly launched Aptos token prices finally stabilised after a massive drop of over 40% on the day of its airdrop. Aptos is trading at an average price of $7.38. However, Aptos has managed to get into the list of the top 100 cryptos.
Crypto Market Cap’s Decline Continues
The digital asset market continues to register a decline for the straight two days. The total crypto market cap is marginally down to stand at $920 billion. The cumulative 24 hour trading volume stands at $45.59 billion which is a drop of 15%.
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