The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 23, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today’s session, with prices trading near the $16,800 mark. Bitcoin Bitcoin (BTC) was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures. Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices…
In addition to its Germany plant, TSMC also plans to set up another plant in Japan Taiwanese semiconductor manufacturing company TSMC is reportedly discussing with key suppliers over building its first chip plant in Germany. Specifically, TSMC is planning to build the first European plant in the German city of Dresden. If successful, the chipmaker can capitalize on the rising demand from the German car industry. TSMC in Talks with Supplier to Build Plant in Germany According to people familiar with the matter, TSMC will send a team of its…
Nonfungible token (NFT) marketplace OpenSea has been banning artists and collectors from Cuba, citing United States sanctions as the key reason behind its action. According to a report published by Artnet, 30 artists and collectors have been banned from the popular NFT marketplace until now. The most noted artist to face the axe includes well-known Havana-based artists Gabriel Guerra Bianchini and Fábrica de Arte Cubano. OpenSea marketplace has mentioned in its terms of service that it explicitly prohibits sanctioned individuals and individuals in sanctioned jurisdictions. The NFT marketplace’s adhesion to United…
Bitcoin market watchers had varying price targets for 2022.However, none foresaw any drama that characterized the crypto space. Bitcoin (BTC) market watchers were aplenty in 2022 as the price of the leading crypto plunged to new lows. Before the turn of the year, some of these pundits predicted that BTC would build on its November 2021 record high of approximately $70K. According to these bullish market watchers, including popular venture capitalist Tim Draper, Bitcoin would attain new record highs in 2022. However, other market players were less optimistic about BTC’s price trajectory and…
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Wrapped XRP (wXRP) is a crypto asset pegged to XRP (XRP) and can be used on blockchains other than Ripple’s native XRP Ledger. Ripple is a blockchain-based global payments system providing crypto solutions for businesses, and XRP is the native currency of the Ripple network. Identical in value, its wrapped version, wXRP, can be used in financial payments and settlements on other blockchains. This article will discuss why we need wXRP, how to buy wXRP, use cases of wXRP, and the purpose and safety of wXRP tokens. What are wrapped…
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central bank said individuals and corporate organizations withdrawing amounts exceeding the new limits would be required to pay processing fees of 3% and 5% respectively. CBN’s Digital Currency Push The Central Bank of Nigeria (CBN) has said that starting on Jan. 9, 2023, individual banking clients will…
OKX said the report will be published on the 22nd day of each month and besides the latest version of the report, users will also be able to download past reports at their convenience. Digital currency trading platform OKX has released its second Proof-of-Reserve (PoR) report as it seeks to deepen the trust within its ecosystem with respect to the health of its financials. The released PoR aims to show the community and investors that the exchange has the number of deposits it said it has. This proof also shows…
The 10-year Treasury yield was up 1 basis point in anticipation of the Fed’s next move regarding inflation. The yield on the US 10-year Treasury note was marginally higher on Friday, December 23rd, as investors await critical inflation data. The markets are paying close attention to a key inflation metric for clues to the Federal Reserve’s next interest rate move. According to reports, the 10-year Treasury yield climbed by a basis point to 3.6856%. Meanwhile, the yield on the 2-year Treasury note remained unchanged at 4.2636% as of press time.…