Cryptocurrency News Live Updates and Latest News: (15 October 2022) After registering a broad recovery on Friday, the global digital asset market cap have dropped by the 2.3% over the past day. Its total market cap now stands at $919 billion with a trading volume of $57.12 billion.
However, the increased correlation between the traditional markets and crypto markets is still the key. JPMorgan, one of the US biggest banks registered a massive drop in its net profit in the 3rd quarter.
Cryptocurrency News Live Updates
Terra Classic tax burn to shrink ahead?
The Terra Classic community has been discussing proposal no 5234 for a while now. Earlier, CZ, Binance CEO hinted that it needs to lower the fees in order to pump the Terra Classic burn rate.
The community member has proposed to rescue the burning tax to around 0.2%.
Magic Eden drops update on Royalties
The largest NFT marketplace on Solana, Magic Eden dropped some crucial updates over the royalties. It mentioned that the platform will transition to ‘Optional royalties” and it will launch a promotion with no platform fees.
Coinbase CEO aims to sell 2% of his stakes
Brian Armstrong, Coinbase CEO has rolled out plans to sell 2% of his holdings in the crypto exchange. He took to Twitter to announce this event. Armstrong will be selling his stakes to fund scientific research which is part of his co-founded companies. It will include organizations like NewLimit and scientific research firm ResearchHub.
