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First Mover Asia: Is Bitcoin's Ride Past $24.1K a Stopping Point or Sign of Further Gains?
2.2.2023
ALSO: Shaurya Malwa writes that Waves’ decision to abandon the stablecoin model underlines a decline in this sector stemming from the Terra UST implosion and other debacles. Bitcoin rides past $24.1K at one point
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell
1.2.2023
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed that ongoing rate increases are anticipated...
Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures
31.1.2023
A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such...
Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally
24.1.2023
Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the company’s post-valuation to $800 million, and Quicknode says the funds will be used to “further fuel blockchain...
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
23.1.2023
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian...
Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P
20.1.2023
The ratings agency cited Coinbase’s weakened revenue and cash flow generation potential due to the ongoing crypto winter as reasons for the move
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis
18.1.2023
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis...
Gemini and Genesis’ legal troubles stand to shake up industry further
14.1.2023
Now that the SEC has gotten involved in the ongoing Gemini–Genesis spat, things could get ugly for both parties in the near term
Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks
12.1.2023
The agency lowered Coinbase’s credit rating from BB to BB-, a further step away from investment grade
Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization
7.1.2023
During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan...
FTX collapse may boost 'further trust' in crypto ecosystem — Nomura exec
6.1.2023
Jez Mohideen, co-founder and CEO at Laser Digital, argued that traditional financial companies entering the crypto space will help to regulate the industry
Bitcoin, Ethereum Technical Analysis: BTC Consolidates as FOMC Indicates Further Rate Hikes to Come
5.1.2023
Bitcoin consolidated marginally below $17,000, as market volatility remained high following the recent Federal Open Market Committee (FOMC) minutes. In December’s meeting, the U.S Federal Reserve agreed to maintain hiking rates, with inflation still near historic highs. Ethereum also...
$16.8K Bitcoin now trades further below this key trendline than ever
4.1.2023
BTC price action is now deeper below its 200-week moving average than at any point in its history
Bitcoin, Ethereum Technical Analysis: ETH Hits 3-Week High Ahead of FOMC Minutes
4.1.2023
Ethereum rose to a three-week high on Jan. 4, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Wednesday’s report will likely show the U.S. Federal Reserve’s view on the economy, and further detail its reasoning behind a policy pivot....
The Graph sustains $0.05 support: Will GRT recover further?
4.1.2023
The Graph remains a massively volatile coin in the last 12 months. At the beginning of 2022, it was trading around $0.68, but currently, it is trading around $0.061, which suggests a bearish pressure in the market. Experts suggest that it may not be the right time to invest in GRT for the long...
Expert Predicts Further Crypto Adoption in Russia – For These Reasons
30.12.2022
International sanctions are driving crypto adoption in Russia, a crypto expert has stated. And, the analyst claims, they will likely spur some further growth in the sector.
The claims were made by Yuri Myshinsky, Chairman of the Board of the Digital Transformation Association, and reported...
Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market
29.12.2022
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time. Kraken Exiting Japan Cryptocurrency exchange...
First Mover Asia: Bitcoin Retreats Further Into the Gloom
29.12.2022
The largest crypto by market capitalization dropped below $16.5K at one point on Wednesday. ALSO: CoinDesk research analyst George Kaloudis ranks his top five industry annoyances, and FTX tops the list
Mark Cuban: Bitcoin Is a Good Investment, Gold Investors Are Dumb
26.12.2022
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says bitcoin is a good investment. The billionaire wants the price of the cryptocurrency to fall further so he can buy some more. Meanwhile, he insulted gold investors, calling them “dumb as f***.” Mark Cuban...
EDNS joins Huawei Cloud to innovate Web3 further
21.12.2022
Ether Domain Name Services (EDNS) has joined Huawei Cloud to inspect the Web3 ecosystem together and discover the capability of growing cloud-based solutions that are made on Web3 technologies to bring a revolution in the digital ecosystems. Substantial Clouds are now putting their foot in...