Market Wrap: Bitcoin Pushes Higher as Traditional Markets Decline
Fear of a global recession impact equities and fiat currencies. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Crypto
What will happen to Bitcoin and Ethereum if traditional markets break?
Multiple indicators of economic health all point to a severe recession hitting the US and global economy soon. What could this mean for crypto investors?
ECB should have DLT wholesale settlements when the market wants it, official says
Executive board member Fabio Panetta says it would undermine financial stability if the ECB were unprepared to use distributed ledge technology, but that’s the best he can say for it.
Reddit Avatar NFTs are witnessing volatile price tags
The top collectible recently sold for 6 ETH on OpenSea.
Why Rankings – Including University Rankings – Are Crap
I developed CoinDesk’s Best Universities for Blockchain rankings in 2020, and have been tortured to some degree by them ever since.
Price analysis 9/26: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Bitcoin and altcoins appear to be ignoring the headline of the U.S. dollar index soaring to a 20-year high as the British pound plummets to a record-low against DXY.
Autodidacts, Welcome!
Universities may teach blockchain but the crypto community will always welcome the self taught.
Disney’s Latest Job Posting Hints at Big Plans for NFT and Crypto Adoption
The company is seeking legal counsel to help it navigate crypto, NFT and DeFi regulations as it expands its web3 efforts.
Filecoin, un proyecto cripto para compartir archivos, registra un fuerte crecimiento antes del lanzamiento de la FVM
Se estima que alrededor de 20.000 usuarios individuales usan Filecoin para almacenar más de 50 millones de objetos de datos utilizados por las dapps.
Walmart se sumerge en el metaverso con lanzamientos en la plataforma de juegos Roblox
El gigante minorista presentó a principios de año algunas marcas comerciales que podrían haber insinuado su intento de vender bienes en el metaverso.
Luna Classic, Remnant of Terra Collapse, Jumps 60% as Binance Unveils Burn Scheme
Binance’s new measure aims to reduce the hyperinflated LUNC token’s supply. It is unlikely to have the desired effect that traders hope for.
Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar
The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound’s weakness be a positive for Bitcoin.
Singapore strives to remain relevant amid regulatory tightening for retail investors
Singapore’s largest bank expanded crypto trading for accredited investors only, aligned with financial authorities’ views.
Crypto Futures Exchange CoinFLEX’s Creditors to Own 65% of Firm After Reorganization
CoinFLEX filed for a restructuring in the Seychelles during the summer after suspending withdrawals amid the volatile crypto market.
Aragon Network Holding Votes on Key Parts of Shift to a New DAO Structure
Community members have until Oct. 5 to cast their votes
DeFi lending protocol created by ex-QuadrigaCX co-founder surpassed $50M in TVL
Michael Patryn was doxed earlier this year for being the co-founder behind the DeFi project Wonderland, which collapsed shortly after.
Tether’s Former Auditor Fined $1M by SEC for Sloppy Accounting
The U.S. Securities and Exchange Commission (SEC) filed and settled charges last week against Friedman LLP, the former auditing firm of stablecoin issuer Tether, finding “serial violations of the federal securities laws” and numerous instances of “improper professional conduct,” according to an order published Monday.
Crypto Trading Firm Talos to Expand in Europe, US With New Hires
The trading platform has made three key appointments in sales and business development.
Walmart Dives Into Metaverse With Launches in Roblox
The retail giant filed for trademarks earlier this year that may have hinted at its intent to sell goods in the metaverse.
Pro-centralization Russian president grants citizenship to Edward Snowden: Report
The views of the NSA whistleblower, who has been in Russia since 2013, seemingly clash with those of President Vladimir Putin, who has often worked against promoting decentralization.
Traders brace for Bitcoin price volatility as DXY 2022 gains near 20%
It’s still all about the U.S. dollar this week as the monthly close and options expiry loom for Bitcoin.
New Cosmos White Paper Revamps Cosmos Hub, ATOM Token
The paper cites interchain security and a new issuance model for ATOM as the keys to pulling the first Cosmos blockchain out of its yearslong identity crisis.
Interpol emite notificación roja contra Do Kwon, según informe
Kwon continúa afirmando que no está prófugo, aunque se desconoce su ubicación luego de que las autoridades de Singapur afirmaran que no se encuentra en la ciudad-estado.
Autoridades chinas arrestaron a 93 personas por lavado de dinero con criptomonedas
Los sospechosos blanquearon una suma que alcanza los RMB 40.000 millones, según la policía del condado de Hengyang.
What Cardano’s Vasil hard fork means for the blockchain
Cardano’s Vasil hard fork seeks to enhance the platform’s transaction throughput speeds, DApp development capacity, security and general usability.
Cardano bulls run out of steam after Vasil hard fork — 40% ADA price crash in play
Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different.
First Mover Americas: Bitcoin Up Slightly After Hitting Weekend Lows on Recession Fears
The latest price moves in crypto markets in context for Sept. 26, 2022. First Mover is our daily newsletter putting the latest moves in crypto markets in context.