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Indian Central Bank Publishes Concept Note on its CBDC, Digital Rupee

October 7, 2022 by

“Currently, we are at the forefront of a watershed movement in the evolution of currency that will decisively change the very nature of money and its functions,” the RBI said in its concept note.

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Crypto Exchange FTX’s Token Surges 7% After Visa Partnership Report

October 7, 2022 by

FTT, the native token of the FTX exchange, has surged 7% following a partnership with payments giant Visa.

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Morgan Stanley Says Crypto ETPs Continue to Grow Despite Bear Market

October 7, 2022 by

There are more than 180 crypto ETF/ETP and trust products, and half of these have launched since the bitcoin bear market started, the bank said.

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Partnership to Operate Malaysia’s National Blockchain Infrastructure Sealed

October 7, 2022 by

Malaysia’s Blockchain Infrastructure will be jointly created and operated by Zetrix, a Malaysia-based layer-1 blockchain structure and MIMOS Technology Solutions Sdn. Bhd. (MTSSB), a tech consultancy and the infrastructure will be for all levels of government and commercial sectors, an announcement said.

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Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures, Shares Plunge 15%

October 7, 2022 by

London-based bitcoin miner Argo Blockchain has raised $27 million after agreeing to issue 87 million shares to a sole investor.

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Will Comatose Bitcoin Market Come Alive After NFP Data?

October 7, 2022 by

Bitcoin has returned exactly 0.0%, on average, on NFP days in 2022, but picture changes during the week after the data release, past data show.

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Binance Smart Chain Validators Look to Push Update to Bring BSC Back Online

October 7, 2022 by

A tweet from the official BNB chain Twitter account indicates that the chain is expected to be back online in the afternoon Asia time.

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Zcash May Be Getting Spammed, but the Blockchain is Doing Just Fine, the Company Behind it Says.

October 7, 2022 by

The Electronic Coin Company, the organization behind Zcash, claims that concerns of a spam attack are mostly just FUD.

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First Mover Asia: The Crash of Three Arrows Capital’s Starry Night Portfolio Shows NFTs’ Lack of Staying Power; Bitcoin Regains $20K After Earlier Drop

October 7, 2022 by

The collection, now valued at $840,000, is worth less than a percentage point of the $21 million that the troubled hedge fund spent in assembling it.

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Binance-Linked BNB Price Falls Close to 4% on Hack Rumors

October 6, 2022 by

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Bitcoin’s Correlation With Gold Hits Highest Level in Over a Year

October 6, 2022 by

But the relationship between gold and bitcoin remains only mildly strong.

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Market Wrap: Bitcoin Trades Flat for a Second Consecutive Day, but Outpaces Traditional Markets

October 6, 2022 by

BTC remains range-bound as investors await the latest payrolls data on Friday. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

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Lido’s stETH Token Expands to Layer 2 Networks Optimism and Arbitrum

October 6, 2022 by

Lido’s liquid staking token is coming to Ethereum’s optimistic rollups.

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Atlantic Council Director Sees ‘Splintering’ Financial System if US Falls Behind on CBDCs

October 6, 2022 by

Josh Lipsky, senior director of the Atlantic Council, joined “First Mover,” to discuss what role the U.S. could play in the development of a CBDC and what could eventually happen to the U.S. dollar.

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Decentralized Social Network’s DeSo Token Rallies Amid Stablecoin Plans

October 6, 2022 by

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Bitcoin Mining Is About Get Tougher With Difficulty Primed for Another Sharp Rise

October 6, 2022 by

Miners with higher cost and large debt load will be weeded out by the crypto winter, according to industry experts.

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CFTC’s Regulation by Enforcement Needs to Change, Commissioner Says

October 6, 2022 by

Commodity Futures Trading Commissioner Summer K. Mersinger, joined CoinDesk TV’s “First Mover,” to discuss the implications of enforcement by regulation and why it could be setting a “dangerous” precedent.

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Crypto Exchange Crypto.com’s Downsizing Larger Than Previously Reported: Ad Age

October 6, 2022 by

In addition to job cuts of as much as 40% of staff, the company has also been pulling back from marketing deals, according to the story.

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Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts

October 6, 2022 by

Accel co-led the round for the startup building institutional-grade digital asset products.

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​​Federal Preemption of State Money-Transmitter Licensing Would Be Great Policy

October 6, 2022 by

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Citigroup Director of Blockchain and Digital Assets to Depart for SIX Digital Exchange

October 6, 2022 by

Citigroup’s director of blockchain and digital assets is leaving the U.S. bank to take a role at SIX Digital Exchange, Bloomberg reported Thursday.

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Restaurant Industry Veteran Ben Leventhal Raises $11M for Web3 Startup Blackbird

October 6, 2022 by

Blackbird will offer a Web3 hospitality platform connecting restaurants with guests through membership and loyalty programs

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Crypto Bank Silvergate Capital Lower as Wells Fargo Turns From Bull to Bear

October 6, 2022 by

Wells Fargo skips the neutral rating, downgrading Silvergate to underweight from overweight.

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Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North

October 6, 2022 by

The miner also has about $50 million in security deposits and prepayment to Compute North, for hosting Marathon’s bitcoin miners.

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South Korea Arrests Terra’s Head of General Affairs Yu: Report

October 6, 2022 by

The arrest comes after the country invalidated Terra co-founder Do Kwon’s passport.

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UK Investment Giant Abrdn Joins Hedera Governing Council to Advance Tokenization Goals

October 6, 2022 by

U.K. asset management firm Abrdn (ABDN) has joined the Hedera Governing Council to continue its exploration of tokenizing traditional assets.

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Crypto Failures Fueled Better Due Diligence

October 6, 2022 by

As crypto markets turn turbulent, asset managers perform due diligence by looking at fundamentals like network usership to increase safety.

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First Mover Americas: Bitcoin Stays Close to $20K, Sushi’s Token Surges 14%

October 6, 2022 by

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Grayscale’s New Venture Aims to Capture Bear Market Opportunities in Bitcoin Mining

October 6, 2022 by

Foundry will manage the day-to-day operations of Grayscale’s new co-investment vehicle.

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Crypto Lending Firm Ledn to Acquire Canadian Fund Manager Arxnovum

October 6, 2022 by

Toronto-based crypto lending firm Ledn has agreed to acquire Canadian crypto exchange Arxnovum, according to a press release.

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