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A move by the U.S. central bank to ratchet up interest rates could lead investors away from cryptocurrencies, which are considered riskier investments. Good morning. Here’s what’s happening this morning: Market moves:Bitcoin moved above $47,000 a day before a Fed decision on combating inflation. Technician’s take:Bitcoin’s tight price range could persist into the Asia trading day. Catch the latest episodesof...
Ether climbs back above $4,100 but the direction of crypto markets at the start of the week remains uncertain. (FooTToo/Shutterstock) Good morning. Here’s what’s happening this morning: Market moves:Bitcoin returned above $50,000 after the S&P 500 rose to a near record high. Technician’s take (Editor’s Note):First Mover Asia replaces the usual Technician’s Take today with CoinDesk’s annual list of the...
Crypto Life cardholders will be able to open a line of credit using cryptocurrency as collateral. Ledger, which is best known for its hardware wallets, is introducing a crypto debit card called the Crypto Life card, the company announced Thursday. Card users will be able to pay cryptocurrency to more than 50 million retailers and online stores, Ledger said in...
“Every bank should have a crypto strategy,” Visa argues. Visa headquarters (David Paul Morris/Bloomberg via Getty Images Payments giant Visa has formed a global crypto advisory practice to help financial institutions develop their cryptocurrency businesses as demand for various crypto products continues to grow, the company said in a statement. “We think it’s a critical role for Visa to play...
The First cryptocurrency compatible with Augmented Reality Technology: Tetrix Token It is now possible to make money transactions all around the world with the augmented reality technology, Metaverse, which is one of the most popular concepts of today. Metaverse can be defined as shared virtual world environments where people can access over the internet Metaverse stands for the digital domains...
The leading cryptocurrency is currently trading around $47,960. Bitcoin price on Dec. 4, 2021. The price of bitcoin plummeted early Saturday, falling nearly $10,000 in roughly an hour to a temporary low of $42,000 before bouncing up to $45,000. Bitcoin has fallen some $15,000 over the past 24 hours. Ether, the second-largest cryptocurrency by market capitalization, fell around $1,100 over...
Lawmakers, likely seeking support from young voters, decided to postpone the virtual assets tax. Seoul, South Korea. (Ciaran O'Brien/Unsplash) South Korean legislators delayedplans to tax virtual assetsuntil 2023 at Thursday’s plenary session,CoinDesk Korea reported. The proposed tax would have levied a 20% tax on crypto gains made in a one-year period over KRW 2.5 million (US$2,122), starting Jan. 1, 2022....
The Series B comes ahead of the launch of 1inch Pro, which will cater to institutional investors. 1inch co-founders Anton Bukov (left) and Sergej Kunz (1inch Network) 1inch Network has raised $175 million as the decentralized finance (DeFi) platform gears up for the launch of a new set of institutional products. The decentralized exchange (DEX) aggregator and liquidity protocol announced...
Bitcoin rose past $57K on Sunday, although investors are nervously eyeing the spread of the omicron variant of the coronavirus. Good morning. Here’s what’s happening this morning: Market moves:Bitcoin was trading at over $57,000, although investors are nervous about the spread of the COVID-19 omicron variant. Technician’s take (Editor’s Note):Due to the U.S. Thanksgiving holiday, today’s First Mover Asia will...
Revenue from virtual gaming worlds could grow to $400 billion in 2025. The metaverse may represent an over $1 trillion annual revenue market opportunity, crypto investment giant Grayscale said in areport, without specifying the timeline. The report, which was published on Thursday, is dubbed “The Metaverse, Web 3.0 Virtual Cloud Economies.” The report looks into the opportunity that will arise...
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