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Another Cryptocurrency Exchange Closure: Investing.com Cryptocurrency Market Update


Investing.com – Cryptocurrency exchange Nuri has announced its closure, and bitcoin mining efficiency has increased by 23% compared to 2021 – these and other major cryptocurrency market news in our review.

German cryptocurrency exchange Nuri has announced its closure. Christina Walker-Mayer, CEO of the platform reported about this in an open letter on the exchange website. In August, the cryptocurrency platform Nuri (formerly Bitwala) filed for bankruptcy due to the market situation. According to the company, developments in the world and in the economy have put pressure on Nuri’s liquidity, which has led to the need to restructure the company and stabilize its financial position.

In the third quarter of 2022, mining efficiency increased by 23% compared to the same period last year, according to report miners’ forum The Mining Council. The network has become 73% more secure than last year, consuming only 41% more power, and now its computing power is 99% of the total cryptocurrency hashrate, the former MicroStrategy chief said. Michael Saylor, presenting the report.

The rate of the new cryptocurrency Aptos (APT) jumped 10,000% after being listed on the Binance exchange in a couple of k. The starting price of the token was 1 USDT and in the first minute after the start of trading it went up to 100 USDT. Thereafter, the cryptocurrency rate dropped to the USDT 7-8 level. Along with the BUSD stablecoin, the token also rose to 59 BUSD in the first minute of trading. The APT token is the cryptocurrency of the new Aptos blockchain launched on October 18.

The Japan Cryptocurrency Exchange Association (JVCEA) plans to greatly simplify the token listing process on local trading platforms, writes average bit. After the new rules go into effect, cryptocurrency platforms will be able to quote the token within 30 days of submitting the application to the JVCEA. And from April, the deadline should be reduced to two weeks.

Securities and Exchange Commission (SEC) chairman Gary Gensler dealt with to the public through its Twitter (NYSE 🙂 blog to help the SEC detect, report, investigate and prosecute financial law offenders.

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Text prepared by Timur Aliev

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