COST Financial News

Popular blockchain-based online video game Axie Infinity (AXS) has reported a major loss of players over the past months. At about 701,000 average monthly unique players for the past 30 days, the game’s popularity decreased below the level reported for January 2021. 

What changed for Graph’s GRT as it went from being in a bad shape to narrating ‘graphical‘ signs of life, at press time? At what cost did GRT witness this good but surprising change? Are there still any concerns that lie within the plot for potential investors?

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

“Move fast and break things,” hasn’t been such a great corporate slogan lately. It might not be a very good slogan for Federal Reserve policy, either.

U.S. suppliers raised their prices in September after cutting them the prior two months, possibly indicating some inflation pressures are picking up again.

Fractional digital assets are taken and locked into a smart contract, where they can be broken into fungible ERC-20 tokens of equal value. From there, a person can buy as many shares of a digital asset as they like. A major benefit is that an individual can have complete ownership of a unique item. For some assets, however, this has meant that prices – and associated costs - have skyrocketed.

A September report on prices charged by U.S. suppliers, set to be released on Wednesday, could provide new evidence of whether the Federal Reserve’s efforts to slow inflation are succeeding.

The cryptocurrency market, for what seems like an eternity, has been in a bear market, with prices consistently hitting new lows. Even Bitcoin [BTC], which controls a majority of the cryptocurrency market, has been affected, and it appears that long-term BTC holders are bearing the brunt. 

Ethereum, the second-largest cryptocurrency, is trading with a bearish bias, down 5.00% in seven days to $1,282.51. The cost of sending Ethereum's gas has increased from $2.58 on October 8 to $4.75 on October 10, an increase of 84%. 

Hong Kong's Polytechnic University (PolyU) is offering a postgraduate course in the metaverse and blockchain-related technology from September 2023.

According to the latest data collected from BTC.com, Bitcoin mining difficulty has increased by 13.55% since the last adjustment around two weeks ago. 

Europe's most crypto-friendly nation is planning to levy taxes on digital-currency gains for purchases held for less than a year.

WASHINGTON—Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is that the preferred alternatives—the International Monetary Fund and World Bank—are getting quickly committed.

The RBI is working towards a phased implementation strategy for a digital rupee, planning various pilots before a final launch "with minimal or no disruption to the financial system," says the paper.The bank says it is considering both wholesale and retail CBDCs, arguing that the former can improve settlement systems while the latter can offer direct access to safe money for payment and settlement.The motivations for introducing a CBDC include reducing costs associated with physical cash management, boosting financial inclusion, improving efficiency, and encouraging innovation in cross-border payments.The paper also flags the potential importance of an offline feature in a digital rupee as a way of reaching people in remote locations and guarding against power and mobile network outages.But, says the RBI: "CBDC is aimed to complement, rather than replace, current forms of money and is envisaged to provide an additional payment avenue to users, not to replace the existing payment systems."Read the full paper:Download the document now 1.3 mb (Chrome HTML Document)

The highest inflation in decades and the steep drop in Russian natural gas exports to Europe have pushed a growing number of governments to experiment with ways to control energy prices. The plans will test the economic wisdom that price controls distort markets and create supply shortages.

India’s central bank, the Reserve Bank of India (RBI), has released a concept note on the country’s proposed central bank digital currency (CBDC).

The September solid employment report is keeping the Federal Reserve on track to approve another large interest-rate increase at its meeting next month as officials seek to lift borrowing costs high enough to soften the labor market and ease inflation pressures.

German factory output fell in August, driven by cutbacks in energy-intensive industries as costs surged following reductions in the supply of natural gas from Russia.

The past decade has been defined by fintechs providing institutional investors with tools to help improve their investment processes. The result was the mass proliferation of new vendors and the birth of so-called software as a service, an innovation boom driven less by inventing and commercialising new analytical frameworks as moving apps onto the cloud.

International payments are bogged down with high costs and time-consuming delays. Enter crypto. 

Travelers are shifting their holiday getaway plans to avoid busting their budgets amid high inflation, according to a new Bankrate survey.