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Firm Led by NFL Legend Steve Young Helps Take Metaverse-Related Company Movella Public
4.10.2022
Movella, a motion capture technology company, will list on the Nasdaq after combining with SPAC Pathfinder Acquisition Corporation
UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases
4.10.2022
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output...
First Mover Americas: Bitcoin Busts Past $20K on Hopes of Fed Pivot
4.10.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Barclays Remains Positive on Bitcoin; Sees Miner Core Scientific as ‘Best-In-Class Leverage Play’
4.10.2022
Barclays initiates coverage of the bitcoin miner with buy-equivalent rating
Valkyrie Funds to Offer Crypto SMAs, Challenging Ark and Franklin Templeton
4.10.2022
The crypto-native investment manager will offer actively managed strategies that delve into bitcoin, ether and more
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000, USD Hits 2-Week Low
4.10.2022
Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also...
‘Prohibitive’ Global Crypto Capital Norms Could ‘Derail’ Market, TradFi Groups Say
4.10.2022
Banks want to see caps on bitcoin holdings increased fivefold under planned global standards
Blockchain Game Developer Horizon Raises $40M Series A: Report
4.10.2022
The round was led by Brevan Howard Digital and Morgan Creek Digital, it also involved contributions from traditional gaming companies Ubisoft and Take-Two Interactive
Cryptocurrency Is Losing Popularity as Investment Vehicle in US, According to Bankrate Survey
4.10.2022
The popularity of cryptocurrency as an investment vehicle is dwindling in the U.S., according to a survey made by Bankrate. The survey found that trust in crypto has diminished across several groups, with millennials losing 20% of their trust in the assets — more confidence lost than in...
The Coorest Carbon Standard Now Officially Certified
4.10.2022
PRESS RELEASE. Coorest, a Polygon-native project, is the first blockchain project to have a certified standard for carbon compensation entirely on-chain — allowing anyone with an internet connection to compensate for their carbon footprint, thereby demonstrating that the newly certified...
Bitcoin Gains Momentum on Fed Pivot Narrative, But Some Banks Anticipate Dollar Rebound
4.10.2022
Bitcoin rose above $20,000 soon before press time, extending Monday's "ISM-induced" gains as dollar continued to lose ground
Argentine Oil Subsidiary YPF Luz Powering Bitcoin Mining Activities With Residual Gas
4.10.2022
YPF Luz, a subsidiary of the Argentine state oil company YPF, is currently piloting a project to power bitcoin mining operations with residual gas. The initiative, which is currently being tested in Vaca Muerta, one of the biggest oil fields in the country, seeks to take advantage of this byproduct...
EU's ESMA Raises Alarm Bells Over Growing Crypto Use as It Prepares for New Powers
4.10.2022
The European Securities and Markets Authority is worried about consumer rip-offs, as well as novel risks like hacks and consensus manipulation
Report: UK Gold Dealer Sold Out of Bullion After Pound’s Record Fall Causes Demand to Skyrocket
4.10.2022
The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of...
Shares in Grayscale's Bitcoin Trust Trade at 36% Discount to Fund's NAV
4.10.2022
The shares first slipped into discount in February 2021 primarily due to alternatives like ETFs becoming available in Canada and Europe
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil
4.10.2022
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions...
Samsung Latam Launches ‘House of Sam’ Metaverse Experience in Decentraland
4.10.2022
Samsung Latam, the regional division of the electronics giant, has decided to present its own space in Decentraland, an Ethereum-based metaverse platform. The space, which will be named “House of Sam,” will allow users to have virtual contact with different products of the brand,...
Taking Yield Farming to the Next Level With Animal Farm
4.10.2022
As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection to gain access to opportunities and services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed. The concept...
Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months
4.10.2022
Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S....
First Mover Asia: Bitcoin Climbs Back Past $19.5K Amid Fresh Hopes for a Fed Retreat; Binance's Failed Plan to Boost the Price of Luna Classic
4.10.2022
The largest cryptocurrency by market capitalization and ether both spent much of Monday in the green