The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Cointelegraph’s podcast The Agenda first launched back in December 2022, with the first episode exploring the ways crypto can help sex workers bypass bank censorship. Since then, the show has explored myriad topics, ranging from hacktivism and blockchain-powered mutual aid to the ways blockchain can be used to fight climate change and combat artificial intelligence misinformation. On Oct. 4, The Agenda released its 20th episode — and to celebrate, co-hosts Jonathan DeYoung and Ray Salmond decided to interview each other to learn more about one another’s experience hosting the podcast,…
An inverse correlation between the crypto market and the DXY has often helped to signal when a bull rally is on the horizon. One of the most notable instances of this happened 9 years ago, and since then, the formation has not returned, until now, signaling a massive price surge in October. DXY Readies To Clock 12th Consecutive Candles In an X (formerly Twitter) post, crypto analyst TheCryptoMann has revealed an important formation in the DXY. The DXY is the United States Dollar Index which measures the value of the…
BIS continues to warn that crypto data can be “manipulated or distorted”. The Bank for International Settlements (BIS) has unveiled a new platform it calls “Project Atlas”. According to the Wednesday announcement, the decentralized finance data platform will play an important role in the future regulation of crypto market participants. In a joint report with the Dutch and German central banks, BIS confirms that Project Atlas, which is merely a proof-of-concept for now, has been used to track significant off-chain international flows between crypto exchanges. Speaking about the project, the…
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge in interest rates has raised concerns about freezing the housing market and pushing the economy into recession. The Dow Jones Industrial Average experienced its most significant decline since March, dropping by 430.97 points or 1.29%…
Softacom CEO predicted that Artificial General Intelligence (AGI) would be realized within the next decade. Masayoshi Son, the founder and CEO of SoftBank Group Corp (TYO: 9984), has advised businesses in Japan to embrace the potential of Artificial Intelligence (AI) and called for early adoption. Son delivered the statement while speaking at the recent SoftBank World corporate conference, an annual event for the company’s corporate clients in Japan. Son’s keynote address brimmed with optimism and a sense of urgency. He highlighted the importance of Japan catching up with the rapidly…
The European Commission is conducting risk assessments and considering export controls on “critical technology areas,” including artificial intelligence (AI) and semiconductor technologies, according to a press release from the ommission. On Oct. 3, EU officials said they identified four areas that need assessment regarding technology risk and risk of technology leakage. The four categories include AI, advanced semiconductors technologies, quantum technologies and biotechnologies. According to the announcement, these technologies were chosen based on their transformative nature, the risk of civil or military fusion and the risk that the technology could be…
The financial world is abuzz with speculations on the resilience of cryptocurrencies amidst potential global financial upheavals and a looming recession in the United States. XRP, with its unique standing, has become the centerpiece of these discussions, following a series of comments and analyses from renowned crypto analyst Egrag Crypto. XRP Price Amid A 50% Stock Price Crash On X (formerly Twitter), Egrag took a comprehensive look at the six-month chart of the XRP price, presenting two scenarios that couldn’t be more different: a crash to $0.017 and a rally…
The United States District Court for the Southern District of New York is advancing in the sentencing process for key individuals involved in the notorious cryptocurrency Ponzi scheme known as AirBit Club. On October 3, the office of the U.S. attorney for New York officially announced the sentencing of three out of the five surviving defendants implicated in the AirBit case. The sentenced individuals include Scott Hughes, Cecilia Millan, and Karina Chairez, all of whom had previously pleaded guilty to money laundering and related charges earlier in 2023. Scott Hughes,…
The Bank of International Settlements (BIS) has developed a proof of concept (PoC) for a system tracking on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains including Bitcoin. Working with the Deutsche Bundesbank, De Nederlandsche Bank, European Central Bank and the Bank of France, BIS has announced a successful PoC called Project Atlas that aims to gauge the macroeconomic relevance of cryptocurrency markets and decentralized finance (DeFi) protocols. The BIS Innovation Hub published details of the concept which aims to provide insights, information and economic implications of the sector,…