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Move-to-Earn Has a Ponzi Economics Problem
13.3.2023
Stepn is a cautionary tale for M2E startup founders like me. But I see a better model in Sweatcoin, which leveraged real-life utility to amass over 100 million users before going on-chain, writes Iomob CEO Boyd Cohen
India Brings Crypto Transactions Under Prevention of Money Laundering Act
11.3.2023
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s...
Trezor crypto wallet's move into the semiconductor business isn't for everyone
9.3.2023
Trezor plans to build its hardware wallet chips, but other crypto companies still prefer third-party imports due to technical and financial barriers
Binance.US Can Move Ahead With Plan to Acquire Voyager Digital's Assets, Judge Rules
7.3.2023
Binance should be allowed to buy assets of bankrupt crypto lender Voyager Digital in a deal worth over $1 billion, Michael Wiles, a bankruptcy judge in the Southern District of New York, ruled today
Biggest Movers: XRP, MATIC Rebound on Tuesday, Following Recent Lows
7.3.2023
Xrp rose higher in Tuesday’s session, as prices continued to move away from a long-term support point. Overall, sentiment in cryptocurrencies remained largely bearish, with the global market cap down 0.34% as of writing. Polygon was also in the green at the time of writing. XRP XRP, formerly...
Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges
4.3.2023
Silvergate Bank announced Friday it was suspending its "Silvergate Exchange Network" (SEN) "effective immediately."
Bitcoin Price and Ethereum Prediction: Stagnant Trading Range Leaves Traders Wondering About the Next Move
2.3.2023
Bitcoin (BTC), the world's largest cryptocurrency, has recovered some of its losses and gained modest traction around the $23,500 level as the crypto market regains impetus following continuous progress in the industry. Currently, Bitcoin and Ethereum are trading at $23,516.89 and $1,649.09...
Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders
1.3.2023
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the...
Crypto’s Next Move Depends on the Next Fed Rate Hike: Options Trader
28.2.2023
Imran Lakha says the crypto market by and large relies on BTC remaining at its $21-$22k threshold, but with macro trends present, the digital asset could trade lower before it rises
STEPN Price Prediction - GMT Has More Upside But May Run Into Resistance at $0.49
28.2.2023
Unlike for the rest of the cryptocurrency market, February hasn’t been a good month for GMT, the main crypto token that powers STEPN’s popular move-to-earn (M2E) platform. GMT was last changing hands in the $0.38 area, down about 30% this month, despite major cryptocurrencies Bitcoin and Ether both...
Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions
28.2.2023
Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is currently facing, and that Venezuelans outside...
Biggest Movers: SHIB, LTC Marginally Higher During Volatile Start to the Week
27.2.2023
Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high. Shiba Inu (SHIB) Shiba...
Will This $400m ETH Mystery Whale Keep Sitting on His Holding or Make a Market-Shaking Move?
27.2.2023
A mysterious Ethereum (ETH) wallet worth some $400 million has caught the attention of crypto Twitter. Community members now wonder whether the key is lost, or if the owner is just waiting to make a market-shaking move with the massive stack....
Read More: Will This $400m ETH Mystery Whale Keep...
First Mover Americas: Betting Against Bitcoin Was Popular Move Last Week
27.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
26.2.2023
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa...
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...
Peloton’s Robin Arzón Is Building a Web3 Community Around Working Out
24.2.2023
The exercise giant's vice president of fitness programming is soon launching Swagger Society, a Web3 lifestyle membership club that aims to foster a fitness community in Web3
Bitcoin Volatility Holds Steady as the VIX and MOVE Spike
22.2.2023
Bitcoin's relative stability is reflective of mainstream disinterest in the crypto market, one observer said
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of FOMC Minutes
22.2.2023
Bitcoin extended recent declines on Feb. 22, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Following a recent move to a multi-month high, prices have slipped, with traders instead protecting profits. Ethereum has also declined, however remains above...
Sam Bankman-Fried’s Lawyers Move to Squash Voyager Subpoena
22.2.2023
Counsel for the former exchange executive says the subpoena from Voyager is procedurally deficient, presents an undue burden, and potentially violates his fifth amendment rights