The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
Crypto analyst Jaydee recently took to X (formerly Twitter), sharing another intriguing chart of XRP. The analyst presented the 2-month XRP dominance chart spanning from 2014 till today, shedding light on the cryptocurrency’s historical and potential future price actions. This examination brings to focus a falling trend line and a horizontal resistance line, which showcases a critical XRP dominance level at 2.62% that could be key for the price’s next parabolic move. XRP Dominance Sits Just Below Key Level Delving into the historical performance, the chart showcases moments when the…
Google Cloud has teamed up with blockchain infrastructure firm MultiversX (formerly Elrond) to boost its Web 3 presence. Google Cloud has integrated MultiversX into the platform which will in turn help Web3 projects and users derive valuable insights from powerful data analytics and artificial intelligence tools within the Google Cloud ecosystem. MultiversX claims that the partnership between the two firms has the potential to immediately streamline the execution of large-scale, data-first blockchain projects. This should help developers easily access data about addresses, transacted amounts, smart contract interactions, and increased on-chain analytics, the…
The filing alleges Lubin, a co-founder of the Ethereum blockchain, stripped ConsenSys AG, also known as Mesh, of its main assets – including crypto wallet provider MetaMask – and transferred them to ConsenSys Software Inc. (CSI), incorporated in Delaware, without bringing over the ex-employees as equity holders. Source
Thor Technologies and its founder and former CEO, David Chin, have faced a legal setback in an ongoing dispute with the United States Securities and Exchange Commission (SEC) over the unapproved sale of $2.6 million in crypto asset securities. On Oct. 19, the SEC announced its victory after a default judgment was issued against Chin and Thor by the U.S. District Court for the Northern District of California, San Francisco, on Wednesday, Oct.18. A default judgment is a legal ruling issued by a court when one party in a lawsuit…
To underscore the bullish sentiments, the performance of Bitcoin forks reflects the same optimism among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, has continued its steady ascent to the $30,000 mark. The digital currency climbed to $29,800 in the past 24 hours, extending its weekly gains to over 11%. Bitcoin hit a 2023 peak price of $31,809 on July 13. However, it has struggled to reclaim its $30,000 level since July 24. In August, it further depreciated to rest at $26,000. Price Surge Driven by Bitcoin ETF Sentiments…
In parallel to the subscription plan announcement, X is taking measures to combat manipulation, spam, and bot activity on its platform. Elon Musk, the CEO of various innovative companies and owner of social media platform X (formerly Twitter) recently confirmed the introduction of two new premium subscription plans for X. New Premium Subscription Options on X X Premium, the current subscription service for X, offers a range of exclusive features for $8 per month. These features include custom emojis, extra character limits for posts, and priority customer support. Musk’s announcement…
All major tokens reversed losses from the past week, bitcoin jumped above $30,000, and ether (ETH) crossed the $1,600 mark on Friday. XRP gained 7.2% after a key court decision favoring payments firm Ripple helped improve sentiment. Meanwhile, Solana’s SOL rose 12%, extending its weekly gains to over 25%. Original
“According to the latest Bank of America Fund Manager Survey, the most crowded trade at the moment is still ‘long big tech.’ This has repercussions for the crypto market, not necessarily good ones,” Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said in Thursday’s edition. Source
The XRP price saw an impressive run over the last day after news broke that the US Securities and Exchange Commission (SEC) was dropping its lawsuit against Ripple’s executives. This surge carried on into Friday as the altcoin’s price was able to clear the $0.53. Naturally, there has been a pullback from this price level, but whale transactions suggest that the rally may not be over. Crypto Whales Flex Their Buying Power In the last day, crypto whales have been showing their buying power as the price of cryptocurrencies such…