Cryptocurrency News Live Updates 15 October: Coinbase CEO Decides To Sell His 2% Stake

Cryptocurrency News Live Updates and Latest News: (15 October 2022) After registering a broad recovery on Friday, the global digital asset market cap have dropped by the 2.3% over the past day. Its total market cap now stands at $919 billion with a trading volume of $57.12 billion.

However, the increased correlation between the traditional markets and crypto markets is still the key. JPMorgan, one of the US biggest banks registered a massive drop in its net profit in the 3rd quarter.

Cryptocurrency News Live Updates

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Magic Eden drops update on Royalties

The largest NFT marketplace on Solana, Magic Eden dropped some crucial updates over the royalties. It mentioned that the platform will transition to ‘Optional royalties” and it will launch a promotion with no platform fees.

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Coinbase CEO aims to sell 2% of his stakes

Brian Armstrong, Coinbase CEO has rolled out plans to sell 2% of his holdings in the crypto exchange. He took to Twitter to announce this event. Armstrong will be selling his stakes to fund scientific research which is part of his co-founded companies. It will include organizations like NewLimit and scientific research firm ResearchHub.

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