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Hostile Takeover Fears: DefiLlama Co-Founder Exposes Internal Rift over Token Launch – What's Going On?
20.3.2023
A hostile takeover could by underway for decentralized finance (DeFi) resource DefiLlama, as an internal rift among key team members has been exposed.
The internal rift is related to the launch of a token for DefiLlama called LLAMA, which is to be launched by DefiLlama’s top management without...
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
17.3.2023
The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that...
On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
16.3.2023
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global...
US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
14.3.2023
The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion...
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
12.3.2023
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency
Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears
11.3.2023
Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise
11.3.2023
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several factors which led the population to believe there...
First Mover Americas: Bitcoin Belted by Rate Fears
8.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Russian Crypto Industry Association Asks Putin to Help With Regulations
8.3.2023
The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies. Russian Crypto Businesses...
Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4
4.3.2023
Delay in Silvergate’s financials sparks fears over bankruptcy, FTX reports $8.6B deficit and Binance’s balance sheet sought by U.S. senators
Economist Peter Schiff Warns the Fed Could Be Fighting ‘Complete Economic Collapse’
1.3.2023
Economist Peter Schiff has predicted that the U.S. Federal Reserve will ultimately throw in the towel on its inflation fight to confront “something it fears even more, which is a complete economic collapse, another financial crisis, or a sovereign debt crisis.” He stressed, “The...
Bitcoin price taps 3-week lows as SEC fears liquidate $250M of crypto longs
10.2.2023
Panic over regulatory enforcement sees Bitcoin and altcoins give up recent gains, costing long traders over a quarter of a billion dollars in a single day
Bitcoin trader fears a bear market comeback: Watch the US dollar
6.2.2023
It's all about a golden cross, a death cross and the Federal Reserve when it comes to Bitcoin price action in the first half of the week
Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears
30.1.2023
Strong corporate earnings and investors’ anticipation of a Federal Reserve pivot are helping to cement the case for risk assets like Bitcoin
First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K
6.12.2022
ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction?
Guiding the Chinese Central Bank Digital Currency the World Admires and Fears
5.12.2022
Many nations, especially the economic superpowers, began the year in fear of being left behind by China’s relentless progress with its digital yuan. For leading the development of the most advanced major CBDC, Mu Changchun is one of CoinDesk’s Most Influential 2022
New Cardano algorithmic stablecoin evokes old fears for the community
2.12.2022
“I thought we already figured this out, algorithmic stablecoins, not the best option,” a community member wrote on Twitter
Elon Musk Fears Severe US Recession is Coming, Urges the Federal Reserve to Do This to Prevent It
1.12.2022
Elon Musk, CEO of Tesla and Twitter, has called on the Federal Reserve to cut interest rates to prevent a potential major recession as the US economy faces the possibility of a severe recession.
In reply to a tweet that said a real economic recession is coming in 2023, Musk agreed that the current...
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
1.12.2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba...
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears
23.11.2022
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter...