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Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
1.5.2023
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous...
Justin Sun to Reverse $56M Binance Transfer After CZ Warns Against Potential SUI Token Grab
1.5.2023
"Binance LaunchPool are meant as air drops for our retail users, not just for a few whales," Binance CEO Changpeng Zhao tweeted after Sun transferred $56 million in TUSD to Binance
BRICS to Promote National Currencies Before Issuing Common One
1.5.2023
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National...
First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat
1.5.2023
ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty
Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap
30.4.2023
Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization has surged from $141 million on April 22 to...
NFT Sales Drop for Second Consecutive Month After Record-Breaking Start to 2023
30.4.2023
Sales of non-fungible tokens (NFTs) have declined by 5.76% over the past 30 days, according to the latest NFT sales statistics. The data reveals that the sales figure stood at $732.13 million in April, which is $44.75 million lower than the $776.88 million recorded in March. NFT Sales Decline...
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
30.4.2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during...
Balaji Srinivasan Explains $1M Bitcoin Bet Rationale, Says Could Take Longer Than 90 Days
28.4.2023
"I may be wrong but I'm burning a million to tell you they're printing trillions," Srinivasan said, during CoinDesk's Consensus 2023 conference
Price analysis 4/28: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
28.4.2023
Bitcoin and select altcoins continue to face selling at higher levels, a sign that the bears have not yet given up
FTX Boss Ryan Salame’s Maryland Home Searched by FBI in Unexplained Raid
28.4.2023
According to unnamed sources, the home of Ryan Salame, the former co-chief executive of FTX Digital Markets, was searched by the U.S. Federal Bureau of Investigation (FBI) on Thursday. The grounds for the raid remain unknown, and neither Salame nor his legal representative have offered...
Ripple Sold $336M Worth of XRP Tokens in Q1; Reports Strong XRPL Growth
28.4.2023
Ripple has continued to sell XRP only in connection with its international transaction product
First Mover Americas: Bitcoin Ending Week on Positive Note
28.4.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for April 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Held on Binance Surges to Record High of 692K BTC: Glassnode
28.4.2023
The tally has increased by over 50,000 BTC in four weeks, reversing the exodus seen late last year
Bitcoin Is Poised to Reclaim Crypto’s Spotlight: Berenberg
28.4.2023
More investors are recognizing the digital asset as a sensible alternative not only among crypto tokens, but also within a global financial context, the report said
MicroStrategy Is Uniquely Positioned to Benefit From Rising Bitcoin Price: Berenberg
28.4.2023
The bank initiated coverage of the stock with a buy rating and a $430 price target, implying 40% potential upside
ECB Probes Decentralized Settlement for Wholesale Financial Markets
28.4.2023
Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies
Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows
28.4.2023
Bitcoin's long-term holder spent output profitability ratio (LTH-SOPR) shows coins moved onchain that have a lifespan of at least 155 days or higher are being sold at profit. That suggests the bitcoin bear may be behind us
Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’
28.4.2023
Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not be stopped,...
First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting
28.4.2023
ALSO: William Shatner, Star Trek's Captain Kirk, releases an NFT collection and touts the potential of crypto in an entertaining half-hour discussion at CoinDesk's Consensus 2023 conference
Former FTX exec Ryan Salame’s home searched by FBI: Report
28.4.2023
It’s unclear what the Bureau was searching for in the home of the former co-CEO of FTX Digital Markets, who worked closely with Sam Bankman-Fried