Bitcoin and Stocks Took a Gut Punch; the Builders Hardly Noticed
Instead of waxing poetic about why the price of bitcoin “doesn’t matter,” TABConf attendees got down to the business of trying to break bitcoin’s commerce layer.
Surprise, surprise, inflation is still lurking about. The Consumer Price Index (CPI) report was released Thursday. The CPI – which tracks the general price of goods across the U.S. – rose 8.2% in September from the same month a year ago, above the forecasted 8.1%.
CoinDesk U.S. markets reporter Helene Braun added good color Thursday morning, writing: “The ‘core’ CPI, which strips out volatile energy and food prices and is more closely watched by investors and policymakers because it’s seen as a more steady indicator of underlying price pressures, rose 0.6%.” Read More
NFT Bargain-Hunting Is in as Crypto Bust Craters Prices
Larva Labs
Average Selling Prices for NFTs have Tumbled in Recent Months
A year ago, Daniel Maegaard, one of the higher-profile collectors of nonfungible tokens, was spending tens of thousands of dollars on CryptoPunks featuring funky-looking people or apes. In the last few months, he’s been buying NFTs that typically sell for less than $2,000.
The shift is indicative of the metamorphosis taking place in the market for the once-coveted digital images promoted by the likes of Justin Bieber and Madonna. NFT sales plunged 67% sequentially in the third quarter as speculators and celebrities made an exodus, leaving the sector mostly to the dedicated long-term believers in the various potential use cases, and collectors betting that the plunge in prices will rekindle speculative demand. Read More
Google to Accept Bitcoin, Crypto for Cloud Services in Coinbase Partnership
Bitcoin Magazine
Google will enable a subset of customers to pay for cloud services with Bitcoin and cryptocurrency.
Google will start accepting bitcoin and cryptocurrency as payment for its cloud services early next year.
The internet giant announced on Tuesday that it had formed a partnership with the largest cryptocurrency exchange in the U.S., Coinbase, to enable the new payment method. Read More
Inside China's Crypto Scene, a Year After Sweeping Crackdown
Bloomberg
China’s ban on cryptocurrencies seemed poised to wipe out the domestic industry. That’s not quite how things played out.
This summer, word started spreading over Chinese social media about a conference in Dali, a city nestled among 4,000-meter (13,100-foot) peaks in the country’s southwest.
The organizers expected fewer than 200 attendees, but ended up selling out the 1,000-person venue only to see more than double that number ultimately show up for the August event. The topic of the gathering: crypto, the sector China’s government declared largely illegal a year ago. Read More
Analytical Data
📈 US inflation hits 8.2% in September — worse than expected.
⚰️Core CPI surges to 6.6%, the highest since 1982.
📉 US futures drop after inflation data.
🧾 The actual number for inflation is much higher.
The 'inflation' rate of #bitcoin
Events
Click below for events & meetups in October 2022
Florida Bitcoin & Blockchain Summit (Tampa) November 3-4
Florida Bitcoin & Blockchain Summit (Tampa) November 3rd & 4th
Crypto News Heard Around the State
Central Florida News
How this Local Company is Bringing NFTs into Real Estate Transactions — and Where that Could Lead
Millennial Blockchain
A local real estate firm is pioneering a new product in the real estate industry, utilizing non-fungible token (NFT) technology.
Millennial Title, with dual headquarters in Louisville and Tampa, Florida, has formed a new sister company, Millennial Blockchain. The new firm offers clients the ability to mint, store and transfer title on properties using NFTs and the blockchain. Read More
Blacks In Technology hosting BITCON
Orlando, Fla. (Black PR Wire) – Blacks In Technology, LLC and the Blacks In Technology Foundation (BIT) are hosting BITCON 2022, their 4th annual conference ...
sfltimes.com
South West Florida
First homes on Fort Myers Beach receive power again Saturday, more than two weeks after Ian
It's been more than two weeks since deadly Hurricane Ian plowed into the Southwest Florida coast, and there has been no power, utility or sewage service since.
news-press.com
Residents allowed to return to Estero Island slammed by Ian
But basic services remain scant in Fort Myers Beach.
floridapolitics.com
Miami News
Major Institutional Crypto Summit MiamiWeb3 Slated for November
/PRNewswire/ -- This year's MiamiWeb3 summit is set to take place from November 28-30, 2022, at the InterContinental Miami hotel. This event marks a monumental...
prnewswire.com
Yuga Labs Announces $1 Million Initiative To Support Arts And Education In Hometown Of Miami
One of the largest non-fungible token companies is announcing a new initiative to help its hometown. What Happened: Yuga Labs co-founders Wylie Aronow and Greg Solano announced Wednesday a $1 million initiative to support arts and education programs in the city of Miami, Florida.
benzinga.com
Jacksonville
DLTx ASA and Blockchain Moon Acquisition Corp. Announce Business Combination
Blockchain Moon Acquisition Corp. (NASDAQ: BMAQ) has entered into a business combination agreement to acquire substantially all of the assets of DLTx ASA...
globenewswire.com
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