Bitcoin and Ether Fall Slightly as Macro Clouds Loom Over Market
The market downturn is likely influenced by some de-risking ahead of Thursday’s release of Consumer Price Index inflation, one crypto analyst says.
CoinDesk
Record Number of Brazilian Companies Bought Crypto in August
According to the South American country’s tax authority, 12,053 companies reported purchasing crypto in the month.
Binance Exec: BNB Smart Chain Hack Could Have Been Worse if Validators Hadn’t ‘Sprung Into Action’
Patrick Hillmann, chief communications officer at crypto exchange Binance, joined “First Mover” to discuss last week’s $100 million exploit and how validators prevented the worst case scenario.
Lawmakers Overwhelmingly Back EU’s MiCA Crypto Law in Committee Vote
The landslide support paves the way for the landmark crypto licensing regulation to take effect as of 2024.
Crypto Funds Witness Minor Outflows – but It’s Bullish, Actually
The majority of outflows were from “short” investment products, or those betting on price declines, according to CoinShares. It might be a sign that bearish sentiment is dissipating.
Ethereum Scaling Tool Polygon Launches its zkEVM Public Testnet
The company continues to be targeting the mainnet going live sometime in early 2023.
OECD Releases New Global Tax Reporting Framework for Crypto Assets
The framework’s scope will include stablecoins, crypto derivatives and certain NFTs.
Crypto Services Firm Luxor to Offer Derivatives for Bitcoin Miners to Hedge Risk
The new product will be based on “hashprice,” a term coined by Luxor to refer to the revenue miners earn from a unit of hashrate.
Bitcoin: dificultad de minería alcanza su máximo histórico y ejerce mayor presión sobre mineros
El indicador de dificultad aumentó 13,55% desde el último ajuste, efectuado hace aproximadamente dos semanas, lo que supone el mayor movimiento desde mayo de 2021.
Investing in Web3: Culture and Entertainment
A simple strategy for where to put your money is to look at your passions, hobbies and obsessions.
DeFi for the Masses
Valentin Pletnev of Quasar Finance wants to democratize access to sophisticated transactions in decentralized finance.
Reuniting Borrowers and Lenders
Morpho is an Ethereum application bringing peer-to-peer to lending to protocols like such as Aave and Compound. Paul Frambot is the co-founder.
Bitcoin Mining Difficulty Surges to All-Time High, Putting Additional Squeeze on Miners
Bitcoin mining difficult has soared by 13.55% to 35.6 trillion, its largest one-day rise since May, 2021, according to data from btc.com.
First Mover Americas: Bitcoin Stable Around $19K as Inflation, Earnings Haunt Traditional Markets
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 7, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Transit Finance Hacker Returns $2.74M to Victims, Sends $686K to Tornado Cash
A hacker that swindled cross-bridge DeFi Protocol Transit Finance out of $28.9 million has agreed to return $2.74 million to victims.
Crypto and Payments Firm MobileCoin Launches New Stablecoin – ‘Electronic Dollars’
The company says Electronic Dollars (eUSD) will be “the first data-protecting stablecoin.”
Back to Square One? Circle’s USDC Market Cap Drops Below $50B for First Time Since Terra’s Collapse
USDC’s utility has taken a hit in the wake of Binance’s decision to consolidate order books and Circle’s decision to freeze addresses associated with Tornado Cash.
Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog
The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report.
Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan
The South Korea-based crypto investment firm failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol.
First Mover Asia: Tough Week for Layer 1 as Solana, BNB Chain Suffer Outages; Bitcoin Trades Flat as October Doldrums Continue
The problems that both protocols suffered are reminders that neither is really decentralized, and that they are not yet true challengers to Ethereum; ether and other altcoins trade sideways.
Iranian Bitcoin Advocate Ziya Sadr Arrested by Iranian Security Forces
A friend of Sadr told CoinDesk the Iranian blockchain educator was arrested in Tehran on Sep. 19 and has not been released.
Bitcoin Mining Is Cool Again; We Can Thank Africa, Prudence and Growing Hashrate for That
It has been a tough year for crypto mining, but the industry is primed for a rebound soon. Crypto Long & Short is our weekly newsletter featuring insights, news and analysis for the professional investor.
Crypto Exchange Huobi Global to be Acquired by About Capital
The top-10 crypto exchange by volume will have a new controlling shareholder.
Market Wrap: Bitcoin, Other Risk Assets Fall Again Following Disappointing Jobs Data
Investors are nervous about rampant inflation prompting yet another massive rate hike by the Fed, and the economic damage that might cause. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
What’s Inside the FSOC’s Long-awaited Report on Crypto Regulation
The Financial Stability Oversight Council (FSOC) published its own highly anticipated report in response to U.S. President Joe Biden’s executive order on crypto earlier this week, calling on Congress to define the line between a security and a non-security, at least as far as crypto is concerned.
Dapper Labs Restricts Services to Russia Amid EU Sanctions
The collective that’s home to NFT collections NBA TopShot and Crypto Kitties will no longer support wallets, accounts or custody services that are traced to Russia.
Rich Investors’ Pathway to Crypto Just Got a Bit Easier This Week
A major software platform used by registered investment advisers (RIAs) just added more crypto functionality.