What Happens To L1 Tokens Today? (13 Oct 2022, Thursday)

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Here are the news for you today.

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BITCOIN (BTC)

Current Price: $ 19,143.68 (24h Changes: 0.62 %)

Current Market Cap: $ 367,219,854,167 (24h Changes: 0.53 %)

Positive News

Applied Blockchain Is An Attractive Way To Gain Exposure To Bitcoin Mining Growth, Analyst Says

Source: Benzinga

Wed, 12 Oct 2022 15:02:44

NeedhamA analyst John Todaro reiterated a Buy onA Applied Blockchain, IncA (NASDAQ: APLD) with aA $5.50 price target. APLD posted its Q1'FY23 results after the close yesterday.

Paul Tudor Jones still holds Bitcoin while Bitcoin Mining Difficulty Surges to All-Time High

Source: 

Wed, 12 Oct 2022 15:00:15

Bitcoin mining difficulty has surged to an all-time high, putting additional pressure on miners amid weakening prices and higher energy costs. Billionaire Paul Tudor Jones told CNBC he still has a "minor allocation" to bitcoin (BTC).

Dubai Welcomes 21Shares Spot Bitcoin ETP as US Falls Behind

Source: BeInCrypto

Wed, 12 Oct 2022 14:30:00

21Shares, the world's largest issuer of cryptocurrency exchange-traded products, has launched a physically-backed Bitcoin ETP on the Nasdaq Dubai under the ticker symbol ABTC. The post Dubai Welcomes 21Shares Spot Bitcoin ETP as US Falls Behind appeared first on BeInCrypto.

Neutral News

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Wed, 12 Oct 2022 14:36:09

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.

Bitcoin: Before you make your next trade in October, read this

Source: AMBCrypto

Wed, 12 Oct 2022 14:30:55

The last four months have been marked by a a€?boringa€ price action from the leading coin, Bitcoin [BTC], data from on-chain intelligence platform Santiment revealed. In the past few weeks, BTC's price oscillated strangely between the $19,000 price region and the psychological $20,000 price region.

13 Years Ago: 5000 BTC Sold for Only $5

Source: CryptoPotato

Wed, 12 Oct 2022 14:30:11

Today marks the 13th anniversary of the very first Bitcoin trade ever conducted in exchange for U.S. dollars. On October 12th, 2009.

Negative News

Bitcoin Boredom Causes Trading Volume To Dive 38% From September Highs

Source: 

Wed, 12 Oct 2022 15:00:58

Data shows the Bitcoin trading volume has declined by 38% since the highs in September as a result of the boring price action in the crypto. Bitcoin Spot Trading Volume Has Plunged Down In Recent Days As per the latest weekly report from Arcane Research, the current 7-day average BTC spot volumes are down to just around $7.9 billion.

Bitcoin Hashrate Breakout Leads To Largest Difficulty Adjustment In A Year, But Why?

Source: Bitcoinist

Wed, 12 Oct 2022 15:00:51

Data shows the recent surge in the Bitcoin hashrate has now resulted in the largest difficulty adjustment to the network in over a year.

Texas Bitcoin Miners Face Scrutiny from Senator Warren Over Power Use; Bitcoin Clings to $19K

Source: 

Wed, 12 Oct 2022 14:47:54

A group of seven Democratic lawmakers led by Sen. Elizabeth Warren are looking into the energy usage and carbon emissions of the bitcoin mining industry in Texas.

ETHEREUM (ETH)

Current Price: $ 1,297.63 (24h Changes: 1.05 %)

Current Market Cap: $ 156,937,385,561 (24h Changes: 0.95 %)

Positive News

Arbitrium's Offchain Labs acquires leading Ethereum client

Source: CryptoSlate

Wed, 12 Oct 2022 14:07:21

Arbitrum's parent company Offchain Labs has announced its acquisition of Prysmatic Labs, a core Ethereum development team. The post Arbitrium's Offchain Labs acquires leading Ethereum client appeared first on CryptoSlate.

2,745 ETH Worth $3M Was Just Burned

Source: Benzinga

Wed, 12 Oct 2022 13:02:00

What happened: On Tuesday a total of 2,745.96 Ether (CRYPTO: ETH) worth $3,555,055, based on the current value of Ethereum at time of publication ($1,294.65), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Bitcoin, Ethereum Price Analysis: Slight Improvement after US Inflation Report

Source: Coinnounce

Wed, 12 Oct 2022 12:40:43

The largest crypto by market cap climbed away from its previous support level of $19,000.

Neutral News

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Wed, 12 Oct 2022 14:36:09

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.

Ethereum Without Vitalik Buterin Is Much Better, Says the Face of EthereumPoW

Source: BeInCrypto

Wed, 12 Oct 2022 12:30:00

In this incredible interview we learned why Guo decided to take on EthereumPoW, how Vitalik Buterin made the Ethereum mining community mad, and why the Ethereum founder now needs to a€?shut up.a€ The post Ethereum Without Vitalik Buterin Is Much Better, Says the Face of EthereumPoW appeared first on BeInCrypto.

Ethereum now connected with Google: Groundbreaking feature released that deletes data protection completely

Source: CryptoNewsFlash

Wed, 12 Oct 2022 07:32:34

Interestingly, this latest feature, connecting Ethereum with Google, completely deletes data protection.

Negative News

Bitcoin, Ethereum and XRP Price Prediction: On the Brink of a Steep Correction

Source: BeInCrypto

Wed, 12 Oct 2022 13:00:00

Bitcoin, Ethereum and XRP prices appear to be sitting at vital support. Bitcoin (BTC) is trading inside a descending wedge and could complete its correction after one final decrease.

Ethereum sees this bearish order block for traders to sell atA 

Source: AMBCrypto

Wed, 12 Oct 2022 12:30:50

Disclaimer:A The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Ethereum price analysis: ETH slowly continued consolidation at $1,275, break above $1,300 overnight?

Source: Cryptopolitan

Wed, 12 Oct 2022 10:25:18

Ethereum price analysis is bullish today as we have seen consolidation above $1,275 as further selling pressure did not follow. Therefore, ETH/USD is likely headed back above the $1,300 resistance to set another lower high.

BINANCE (BNB)

Current Price: $ 271.23 (24h Changes: 0.19 %)

Current Market Cap: $ 44,280,593,065 (24h Changes: 0.2 %)

Positive News

BNB Chain Upgrade Restores Cross-Chain Transfers Following BINANCE Bridge Hack

Source: 

Wed, 12 Oct 2022 12:41:44

The Moran hard fork seeks to amend several issues on the BNB Chain stemming from its $100 million hack last week.

Binance implements these upgrades to BNB Smart Chain

Source: AMBCrypto

Wed, 12 Oct 2022 10:00:59

BNB Smart Chain, Binance's blockchain network that supports smart contracts and dApps, implemented a key network upgrade and hard fork on 12 October.

Most Promising Crypto to Buy & Hold Right Now

Source: Cryptonews

Wed, 12 Oct 2022 06:23:00

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Neutral News

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Wed, 12 Oct 2022 14:36:09

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.

Time For A Hard Fork: Following $100M Exploit, Binance Aims To Enhance Blockchain

Source: Benzinga

Wed, 12 Oct 2022 13:19:20

Binance's smart contract-enabled blockchain, BNB Smart Chain, will undergo a hard fork as a fix for the vulnerability that drained the platform of an estimated $100 million on Oct. 6. In order to reenable the cross-chain, a GitHub article described the release for the mainnet and testnet as a "temporary urgent patch to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain.

Binance Smart Chain Decides to Undergo Hard Fork after $100 Million Hack

Source: Coinspeaker

Wed, 12 Oct 2022 09:04:49

Coinspeaker Binance Smart Chain Decides to Undergo Hard Fork after $100 Million Hack

Negative News

BNB Chain executes hard fork to secure network after $100 million hack

Source: The Block

Wed, 12 Oct 2022 07:18:39

BNB Chain has finished a hard fork upgrade called Moran following a large hack last Friday. The post BNB Chain executes hard fork to secure network after $100 million hack appeared first on The Block.

BNB Chain Undergoes Hard Fork as a Fix for $100M Exploit

Source: Dailycoin

Wed, 12 Oct 2022 06:03:40

BNB Chain underwent a hard fork as a fix for the exploit.

CARDANO (ADA)

Current Price: $ 0.39 (24h Changes: -1.91 %)

Current Market Cap: $ 13,068,441,855 (24h Changes: -2.14 %)

Positive News

Here's How Much Cardano (ADA) You Will Earn by Staking for 5 Years

Source: 

Wed, 12 Oct 2022 08:44:00

Cardano staking can bring some serious long-term profits, but there are some serious risks

Cardano is no. #1 on Grayscale Fund, big institutional investors to step in a€“ Will ADA price explode?

Source: CryptoNewsFlash

Wed, 12 Oct 2022 06:08:27

Cardano weighs the highest in Grayscale's smart contract fund which gives the crypto greater visibility to institutional players.

Neutral News

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Wed, 12 Oct 2022 14:36:09

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.

Ripple CTO Sums up Cardano Founder v. XRP Community Beef

Source: 

Wed, 12 Oct 2022 08:18:00

What happened around Charles Hoskinson and XRP community is very sad, says David Schwartz

a€?A Historic Day for Cardano NFTs', As a€?Decentralized Identities' Come to NMKR Studio

Source: CryptoGlobe

Wed, 12 Oct 2022 07:14:36

Pioneering Web3 infrastructure startupA NMKRA ($NMKR) made an important announcement yesterday, which Tim Harrison, VP of Community & Ecosystem at IOG, called a a€?groundbreaking innovationa€ for Cardano NFTs (aka a€?CNFTsa€). What Does NMKR Do? Let's start with a brief history of NMKR.

Negative News

Cardano price analysis: ADA crashes under the $0.3900 mark

Source: Cryptopolitan

Wed, 12 Oct 2022 14:45:45

Cardano price analysis shows rising signs as the market shows bearish dynamics. The bears have fully regained their control of the Cardano market, which will change the course of the market for the worse, and ADA now expects a complete bearish period to take over in the next few days.

Cardano Price Volatility: To Stake or Not to Stake ADA?

Source: CoinPedia

Wed, 12 Oct 2022 13:02:47

The price of Cardano (ADA) indicates that not enough buyers are available in the market, which has caused it to fall below crucial support and resulted in a negative market structure breach.

Cardano (ADA) Falls Below $0.4, Is It Time To Buy?

Source: Bitcoinist

Wed, 12 Oct 2022 13:00:24

Cardano (ADA) is one of the most popular cryptocurrencies in the space with a community so loyal that it is sometimes referred to as a cult. This no doubt led to the immense growth that the digital asset recorded back in the bull market of 2021.

RIPPLE (XRP)

Current Price: $ 0.49 (24h Changes: -0.19 %)

Current Market Cap: $ 24,461,298,736 (24h Changes: -1.1 %)

Positive News

Ripple vs. SEC a€” XRP Eyes Monster Rally As Judge Approves Two Firms To Step In

Source: Zycrypto

Wed, 12 Oct 2022 15:24:04

After two years of procedural victories and losses, the drawn-out lawsuit over whether XRP sales violated securities regulations could soon come to a close.

Ripple CEO Expects Conclusion to SEC Court Case Early Next Year

Source: BeInCrypto

Wed, 12 Oct 2022 12:00:00

Ripple chief executive Brad Garlinghouse said believes the company's lawsuit with the Securities and Exchange Commission (SEC) will conclude a€?in the first half of next year.a€ The post Ripple CEO Expects Conclusion to SEC Court Case Early Next Year appeared first on BeInCrypto.

XRP Buyers in Limbo, Here's Why This Week Might Be "Big," Per This Analyst

Source: 

Wed, 12 Oct 2022 11:51:00

XRP has gained 37.9% in past month

Neutral News

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Wed, 12 Oct 2022 14:36:09

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.

Ripple's CEO Predicts when SEC case will be Resolved, Hoskinson Responds to the XRP Army

Source: Crypto news

Wed, 12 Oct 2022 13:01:23

Brad Garlinghouse, Ripple Labs' Chief Executive Officer, has shared his optimism over the ongoing XRP's legal proceedings. He anticipates a final court ruling in less than four months.

Ripple CTO Refuses To Jump In Hoskinson, XRP Event

Source: 

Wed, 12 Oct 2022 12:57:17

The recent spark of words between the Cardano founder Charles Hoskinson and the XRP community has managed to grab everyone's attention. However, Hoskinson declared that he has cut ties with the XRP community.

Negative News

Bitcoin, Ethereum and XRP Price Prediction: On the Brink of a Steep Correction

Source: BeInCrypto

Wed, 12 Oct 2022 13:00:00

Bitcoin, Ethereum and XRP prices appear to be sitting at vital support. Bitcoin (BTC) is trading inside a descending wedge and could complete its correction after one final decrease.

Ripple (XRP) Struggles As Bearish Divergence Emerges, Eyes $0.42 Support

Source: 

Wed, 12 Oct 2022 09:04:35

XRP price slows down after several days as price remains bullish despite showing weakness. XRP trades above 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs with the emergence of bearish divergence.

3 More Pro XRP Parties Might Enter SEC Vs Ripple Lawsuit Ahead; Sources

Source: 

Wed, 12 Oct 2022 06:07:00

The U.S. Securities and Exchange Commission (SEC) vs Ripple lawsuit will now see more participants but as friends of the court. In the latest ruling, Judge Analisa Torres has granted I-Remit's and TapJets' requests to file amicus briefs in the XRP case.

SOLANA (SOL)

Current Price: $ 31.18 (24h Changes: -0.25 %)

Current Market Cap: $ 11,142,563,421 (24h Changes: -0.45 %)

Positive News

New SHIB and SOL Pairs Supported by Kraken Exchange

Source: 

Wed, 12 Oct 2022 14:51:00

Cryptocurrency exchange Kraken has added Tether (USDT) trading pairs for Shiba Inu (SHIB), Solana (SOL), Monero (XMR), Tezos (XTZ), Decentraland (MANA), Avalanche (AVAX), and a bunch of other tokens, according to a Friday announcement.

Ethereum and Solana Disrupt Venture Capital With Coinbase-Backed DAODAO

Source: Crypto Daily

Wed, 12 Oct 2022 08:33:20

Los Angeles, CA, 12th October, 2022, Chainwire Takeaways: DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, just launched DAODAO, a breakthrough cross-chain fundraising platform. DAODAO allows entrepreneurs to launch fundraising rounds with coins immediately tradeable on an on-chain order-book exchange.

Don't Believe the Haters. Here's Why Solana Is Still a Buy.

Source: The Motley Fool

Wed, 12 Oct 2022 05:30:00

While market sentiment is turning against Solana, this crypto still has strong long-term growth prospects.

Neutral News

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Wed, 12 Oct 2022 14:36:09

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.

Solana (SOL) Price Analysis: Can Bears Break This Uptrend Support?

Source: LiveBitcoinNews

Wed, 12 Oct 2022 00:58:11

Solana price started a fresh decline from the $34.50 resistance zone against the US Dollar. The price is now trading below $33 and the 55 simple moving average (4-hours).

Negative News

Crypto Whale Pilfers $100M From Solana DeFi Platform MangoA 

Source: 

Wed, 12 Oct 2022 15:01:30

A crypto fraudster took off with an estimated $100 million after manipulating the token price of Mango using two accounts funded with the stablecoin USD Coin on the decentralized finance (DeFi) platform Solana. The exploit first came to light by blockchain auditing firm OtterSec in a Twitter post on Tuesday (Oct.

Fake NFT Airdrops Attempting To Compromise Solana (SOL) Wallets and Siphon Crypto Assets: Report

Source: The Daily Hodl

Wed, 12 Oct 2022 12:55:31

Phony non-fungible token (NFT) airdrops are reportedly targeting Solana (SOL) wallets with malware to steal passwords and digital assets. According to a newA reportA by BleepingComputer, attacks began two weeks ago and pose as needed Phantom security upgrades titled a€?PHANTOMUPDATE.COMa€ or a€?UPDATEPHANTOM.COM.

Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project's Discord in March

Source: 

Wed, 12 Oct 2022 12:30:49

According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol.

AVALANCHE (AVAX)

Current Price: $ 15.98 (24h Changes: 0.1 %)

Current Market Cap: $ 4,737,480,185 (24h Changes: -0.06 %)

Positive News

OpenSea NFT Marketplace Launches on Avalanche Blockchain

Source: Cryptonews

Wed, 12 Oct 2022 08:10:00

Major non-fungible token (NFT) marketplace OPENSEA has launched on the layer-1 blockchain Avalanche (AVAX).

Avalanche blockchain went live on OpenSea, can this boost AVAX?

Source: 

Wed, 12 Oct 2022 06:17:00

The largest peer-to-peer marketplace for NFTs on Ethereum (ETH/USD), OpenSea, made an official announcement that the Avalanche (AVAX/USD) blockchain went live in their store.

Avalanche price analysis: AVAX bullish uptrend prepares to rally above $16.07

Source: Cryptopolitan

Wed, 12 Oct 2022 06:12:42

The Avalanche price analysis is bullish as it shows the cryptocurrency price has been continuously increasing for the last 24 hours. The coin is currently trading at $16.07 and up by 0.18 percent daily.

Neutral News

Bitcoin (19k, Ethereum (1,2k), Avalanche Price Analyses

Source: The Cryptonomist

Wed, 12 Oct 2022 06:04:11

The Fear and Greed Index is 20 Extreme Fear and is -4 from Tuesday's reading of 24 Extreme Fear

Negative News

Avalanche Price Prediction: Avax's Choppy Market Continues

Source: InvestingCube

Wed, 12 Oct 2022 09:54:58

Avalanche price has stagnated since September 18, after the previous bearish trend lost momentum and entered a choppy market.

Layer-1 Blockchains Solana, Cardano, Avalanche Down 8% Over the Week

Source: 

Wed, 12 Oct 2022 05:14:45

As the crypto bear market's grip tightens, several major Layer-1 coins are down heavily in the last seven days.

COSMOS (ATOM)

Current Price: $ 11.76 (24h Changes: -3.98 %)

Current Market Cap: $ 3,443,550,722 (24h Changes: -4.19 %)

Positive News

3 Promising Decentralized Exchanges on Cosmos

Source: Benzinga

Wed, 12 Oct 2022 11:10:25

Cosmos is a€?the internet of blockchains.a€ Built with interoperability at its core, it supports an ecosystem of blockchains connected to each other through its own inter-blockchain communication (IBC) protocol.

Cosmos: Assessing ATOM's potential to rebound from this defending zone

Source: AMBCrypto

Wed, 12 Oct 2022 10:30:38

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After a patterned breakdown, ATOM rallied toward its immediate support range.

Negative News

Why ATOM might fail to form stronger bonds despite favorable conditionsA 

Source: AMBCrypto

Wed, 12 Oct 2022 13:30:57

Cosmos' [ATOM] popularity witnessed a surge very recently. According to the crypto analytics platform, CoinGecko, it was among the top cryptocurrencies in terms of trending searches.

POLKADOT (DOT)

Current Price: $ 6.16 (24h Changes: -0.74 %)

Current Market Cap: $ 7,144,452,976 (24h Changes: -0.78 %)

Neutral News

Polkadot's development activity has some tips for its short-term traders

Source: AMBCrypto

Wed, 12 Oct 2022 03:30:01

The Polkadot network provided updates on their ongoing efforts in a recent tweet. The tweet demonstrated the network's activity with the inclusion of information regarding the parachain teams, ecosystem projects, and infrastructure providers.

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Wed, 12 Oct 2022 14:36:09

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.

Negative News

Polkadot price analysis: Cryptocurrency faces rejection at $6.24 after a bearish strike

Source: Cryptopolitan

Wed, 12 Oct 2022 11:38:16

The latest Polkadot price analysis suggests a bearish trend for today and supports sellers as the price has undergone a considerable decrease since morning. Although the bears were in the winning position, a downtrend has been following for the last few hours, and the recent progress is also in favor of the bears.

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