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UK gov't introduces bill to digitize trade documents — potentially traced using blockchain

The Lord Privy Seal of the U.K.’s House of Lords introduced the bill, which ironically was “ordered to be printed” following a first reading on Oct. 12.

UK gov't introduces bill to digitize trade documents — potentially traced using blockchain

The Lord Privy Seal of the U.K.’s House of Lords introduced the bill, which, ironically, was “ordered to be printed” following the first reading on Oct. 12.

BTC price hits 3-week lows on US CPI as Bitcoin liquidates $57M

Predictable but unsettling chaos hits crypto markets as U.S. inflation data sparks a rout to $18,200 for BTC.

BTC price hits 3-week lows on US CPI as Bitcoin liquidates $57M

Bitcoin (BTC) delivered classic volatility on Oct. 13 as United States economic data shook markets.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Trader sticks by $21,000 target

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it presented some textbook moves to accompany the U.S. Consumer Price Index (CPI) print for September.

Coming in at 0.1% above expectations year-on-year, the September figures immediately made themselves felt, with risk assets selling off and the dollar advancing in the face of ongoing inflation pressures.

In line with previous CPI events, Bitcoin saw a fakeout to the upside, which vanished in minutes, leading to protracted downside, which only bottomed at $18,183 on Bitstamp.

A rebound took the largest cryptocurrency to $18,800, having seen its lowest since Sept. 22.

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Why is the price of Houbi Token up 12% today as rest of the market slumps?

Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend.

Trading at over $7, HT's price is up over 80% since the beginning of this week, which is also its best weekly performance since February 2021.

HT/USD daily price chart. Source: TradingView

HT's intraday gains coincide primarily with crypto exchange Huobi Global announcing the opening of Starfish Finance (SEAN) spot trading on its platform. 

Plans to "empower" HT

Additionally, HT's impressive weekly gains were related to About Capital Management. On Oct. 8, this Hong Kong-based investment firm announced purchasing Huobi Global, one of the leading cryptocurrency exchanges by volume.

HT serves as a utility token inside the Huobi Global ecosystem. Justin Sun, the founder of the Tron blockchain project and reportedly the core backer of About Capital, said on Oct. 10 that they would empower HT to boost Huobi Global's brand and business endeavors. 

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Why is the price of Huobi Token up 12% today as rest of the market slumps?

Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend.

Trading at over $7, HT's price is up over 80% since the beginning of this week, which is also its best weekly performance since February 2021.

HT/USD daily price chart. Source: TradingView

HT's intraday gains coincide primarily with crypto exchange Huobi Global announcing the opening of Starfish Finance (SEAN) spot trading on its platform. 

Plans to "empower" HT

Additionally, HT's impressive weekly gains were related to About Capital Management. On Oct. 8, this Hong Kong-based investment firm announced purchasing Huobi Global, one of the leading cryptocurrency exchanges by volume.

HT serves as a utility token inside the Huobi Global ecosystem. Justin Sun, the founder of the Tron blockchain project and reportedly the core backer of About Capital, said on Oct. 10 that they would empower HT to boost Huobi Global's brand and business endeavors. 

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Bitcoin to become 'trusted means of exchange' in EU: Bitcoin Amsterdam 2022

Cointelegraph reporter Gareth Jenkinson interviewed Nigel Farage, a former member of the European Parliament, at the Bitcoin Amsterdam 2022 event.

Samsung uses blockchain-based security for devices in its network

Samsung’s Knox Matrix uses blockchain technology backing to increase security for all personal smart devices of a user connected to the network.

Hodlers prefer centralized exchanges over DeFi for security: Chainalysis

Security remains a perennial concern for DeFi protocols, but DeFi will still inevitably “grow and flourish,” Bitfinex CTO Paolo Ardoino believes.

DappRadar explains why it counted less than 40 active users on Decentraland

DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity’s daily user count is over 100,000, but DappRadar measures it only at 20,000.

Crypto markets to see ‘explosive volatility’ soon: Arcane Research

Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term.

Bitcoin price threatens $19K support ahead of 'most hyped' CPI print

Nerves are showing on the market after several days of Bitcoin "stuck" in a tiny trading range.

Bitcoin price threatens $19K support ahead of ‘most hyped’ CPI print

Nerves are showing on the market after several days of Bitcoin “stuck” in a tiny trading range.

Offchain Labs acquires Ethereum core dev team Prysmatic Labs

Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations.

Offchain Labs acquires Ethereum core dev team Prysmatic Labs

Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations.

Russian stablecoin usage surged after Ukraine invasion: Report

According to Chainalysis data, Russia's stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets.

Russian stablecoin usage surged after Ukraine invasion: Report

According to Chainalysis data, Russia's stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets.

STEPN to sack 100 staff as players step away from the move-to-earn app

The move-to-earn blockchain game has seen a significant drop in its user base and its rewards token has taken a decline due to the cryptocurrency market conditions.

French police use Twitter crypto sleuth's research to catch scammers

The alleged fraudsters built a BAYC and MAYC NFT focused website that masqueraded as a service to animate the apes but instead phished victims details to steal their NFTs.

French police use Twitter crypto sleuth's research to catch scammers

The alleged fraudsters built a BAYC and MAYC NFT focused website that masqueraded as a service to animate the apes but instead phished victims details to steal their NFTs.

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