Security and interoperability, the challenges ahead of Web3 mass adoption
Analysts forecast a market size of $81.5 billion for Web3 by 2030, but the growth comes with obstacles along the way.
Crypto
Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K
The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears.
Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts
Accel co-led the round for the startup building institutional-grade digital asset products.
Autumn bulls vs. winter bears — Will October be bullish or bearish for Bitcoin? Watch Market Talks
October has historically been a green month for Bitcoin, but will this trend continue, keeping in mind the current macro market conditions? Join us as we discuss this and more with our host, Joe Hall, and Rekt Capital, a crypto trader and analyst.
‘Violent’ Bitcoin breakout due as BTC open interest nears all-time high
Bitcoin futures open interest is almost higher than ever, but its composition is completely different from last year, analysis reveals.
Norway’s government proposes eliminating reduced electricity tax for Bitcoin miners
“We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016,” said Norway’s finance minister.
Citigroup Director of Blockchain and Digital Assets to Depart for SIX Digital Exchange
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.
Report: On-chain data points to crypto consolidation in Q3
The latest quarterly report from DappRadar highlights a period of consolidation across the cryptocurrency ecosystem following a turbulent Q2.
Restaurant Industry Veteran Ben Leventhal Raises $11M for Web3 Startup Blackbird
Blackbird will offer a Web3 hospitality platform connecting restaurants with guests through membership and loyalty programs
Crypto Bank Silvergate Capital Lower as Wells Fargo Turns From Bull to Bear
Wells Fargo skips the neutral rating, downgrading Silvergate to underweight from overweight.
Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North
The miner also has about $50 million in security deposits and prepayment to Compute North, for hosting Marathon’s bitcoin miners.
EU regulators ban cross-border payments from Russian crypto accounts
In a statement on Thursday, regulators in the European Union banned all crypto-asset wallets, accounts and custody services from Russia.
Web3 had a small, yet important, presence at Paris Fashion Week
A handful of designers showcased Web3 initiatives at Paris Fashion Week, demonstrating inclusion, sustainability and creativity.
South Korea Arrests Terra’s Head of General Affairs Yu: Report
The arrest comes after the country invalidated Terra co-founder Do Kwon’s passport.
UK Investment Giant Abrdn Joins Hedera Governing Council to Advance Tokenization Goals
U.K. asset management firm Abrdn (ABDN) has joined the Hedera Governing Council to continue its exploration of tokenizing traditional assets.
Crypto Failures Fueled Better Due Diligence
As crypto markets turn turbulent, asset managers perform due diligence by looking at fundamentals like network usership to increase safety.
First Mover Americas: Bitcoin Stays Close to $20K, Sushi’s Token Surges 14%
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.
Grayscale’s New Venture Aims to Capture Bear Market Opportunities in Bitcoin Mining
Foundry will manage the day-to-day operations of Grayscale’s new co-investment vehicle.
From first downs to crypto: A former NFL player gets into digital assets
Lewis Neal went from playing professional football to trading various asset classes before he found out about Bitcoin.
How to earn passive crypto income with Bitcoin
Here are some ways to generate crypto-powered passive income with Bitcoin while steering clear of inherent volatility.
Crypto Lending Firm Ledn to Acquire Canadian Fund Manager Arxnovum
Toronto-based crypto lending firm Ledn has agreed to acquire Canadian crypto exchange Arxnovum, according to a press release.
Kazakhstan grants Binance permanent license to offer digital asset services
The AIFC Financial Services Authority in Kazakhstan granted Binance a permanent license to a digital asset platform and provide custody services in the country.
Bitcoin beats out shorts as BTC price attempts to crack $20.5K
Further fluctuations within the range nonetheless see bulls avoid another retest of more crucial support.
Bitcoin can solve the DeFi onboarding crisis, argues exec
Bitcoin.com CEO Dennis Jarvis believes that Bitcoin can be a bridge that leads users to the decentralized finance space.
South Korean foreign ministry orders Do Kwon to return his passport
Do Kwon who has an Interpol notice and an arrest warrant against his name has not been cooperative with the investigation agencies.
Stablecoin Issuer MakerDAO Allocates $500M for Treasuries, Corporate Bond Investment
The MakerDAO community has voted to allocate $500 million USD into US treasuries and corporate Bonds as a “strategic investment” which will be converted from $500M DAI, its overcollateralized stablecoin. The proposal was presented originally in late June with a three-month window for members to decide.
Solar ‘Bazooka’ Bitcoin mine warms warehouse amid Europe’s energy crisis
A warehouse in the Netherlands swapped out natural gas for Bitcoin miner heating — saving money, efficiency and the planet.
EU’s Russian Crypto Ban Confirmed as Bloc Tightens Sanctions
All crypto payments from Russians to European wallet providers will be forbidden under the measures.
Korean police reportedly arrest first person involved in Terra collapse
The head of the business team of Terraform Labs was a part of Do Kwon’s inner circle.