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Crypto News Today Live Updates December and Latest News: (10 December 2022) The global digital asset market registered a marginal drop on Saturday. However, the crypto market saw a broad recovery yesterday.
The cumulative market cap dropped by 0.54% over the past day. It now stands at $854.7 billion. The 24 hour trading volume is also down by 15% to stand at $31.8 billion.
Crypto News Today Live Updates
Renowned British Singer Elton John Quits Twitter
Elton John joins the celebrities list who have quit Twitter after Elon Musk took over. Iconic British singer-songwriter Elton tweeted that he will no longer use Twitter citing misinformation as the reason.
He specified that recent changes in policy will allow misinformation to flourish unchecked. Elon Musk replied to Elton’s tweet saying, “Hope you come back”.
SBF Illegally Moved Millions During Bankruptcy
U.S. federal prosecutors investigating the collapse of crypto exchange FTX and its relation with hedge fund Alameda Research are now probing how funds held by the crypto exchange moved out of the U.S. while filing for Chapter 11 bankruptcy.
Elon Musk Warns Fed Rate Hike
Elon Musk, CEO of Twitter, stated that the next US Federal Reserve rate hike will exacerbate the recession. In a Twitter exchange, the world’s richest man and mercurial electric car executive said, If the Fed raises rates again next week, the recession will be greatly amplified. Read More Here…
Crypto Market Declines
The global digital asset market registered a marginal drop on Saturday. However, the crypto market saw a broad recovery yesterday.
The cumulative market cap dropped by 0.54% over the past day. It now stands at $854.7 billion. The 24 hour trading volume is also down by 15% to stand at $31.8 billion.
