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Cryptocurrency news for the week of October 30, 2022 – CryptoActu

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30 Oct 2022 – 09:00

We present to your attention a new issue of the CryptoActu.com news digest for the week from October 22 to October 28, 2022. A weekly publication that offers you an overview of the main events in the world of cryptocurrencies and blockchain over the past 7 days.

This is with 5 important articles that will keep you up to date on important innovations and advances in the field. But also to keep abreast of interesting investments and the best opportunities within this ecosystem.

And at the end of this compilation, a full technical analysis of the price of bitcoin and other iconic cryptocurrencies, taking into account the news of the week.

A good way to keep an eye on the cryptosphere while enjoying your weekends.

Good reading…

NFT – Aptos – Solana’s killer?

The cryptocurrency market looks like a game of musical chairs. With funds and “users” moving from one network to another whenever possible. This is to take advantage of the giveaways and other giveaways offered as new digital territories open. An activity that sometimes comes down to a simple fleeting hype. But in other cases, new “killers” appear to the detriment of competition. A script that could very well be the script for the last episode called Aptos vs. Solana.

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Bitcoin – Is Miner Surrender Required (Still)?

Bitcoin - Is Miner Surrender Required (Still)?

Bitcoin just passed the $20,000 mark and everyone is ecstatic. But no one can yet say that this corresponds to a possible return to a more important rise, even if only temporarily. To the point that, according to some analysts, there is a similarity with the bearish cycle of 2018. The latter argue that this bear market will not end until the weakest miners capitulate forever…

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NFT under bank protection

NFT under bank protection

SEBA Bank, a banking platform dedicated to digital assets and regulated by the Swiss Financial Market Supervisory Authority (FINMA) since 2019, is launching a new institutional-grade custody service dedicated to non-fungible tokens (NFTs).

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Growth of Binance BUSD

BUSD

Binance stablecoin is gaining ground in the stablecoin niche. Its capitalization has increased significantly since the leading exchange decided to price it at the expense of many competitors. USDC, still second on the podium but losing momentum, proved to be the most weakened BUSD offensive.

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Nearby – Internal crisis associated with the failure of the USN stablecoin

Nearby - Domestic crisis related to the failure of the USN stablecoin

The trauma of the collapse of the Terra ecosystem caused by its UST stablecoin is forever etched in the short history of cryptocurrencies. With a loss estimated at more than $40 billion, according to the most optimistic estimates. And because the legitimate distrust of algorithmic versions of these monetary instruments is dedicated to relative digital stability. As evidence, the decision to abandon the USN project developed on the Near blockchain due to “non-guarantee risks” reasons. Ouch…

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Bitcoin Analysis – Back to Recovery Above $20,000?

Bitcoin Price Analysis - Return to Recovery Above $20,000

Unfortunately, since yesterday the results of GAFAM, which in themselves have a significant weight in US stock indices, have become generally a cold shower. With the exception of Apple, which is well limited case, everyone else in the abbreviation stumbled. So much so that we would have the feeling that we are participating in the end of an era in the financial markets.

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