The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Category: ICO
Crypto Policy Didn’t Occupy the Spotlight in Elections in Austria, Georgia
Political leaders in Austria, like other European Union nations, did not tap into the global crypto policy debate to sway voters during its recent election. In the run up to its election over the weekend Georgia, which has candidate status in the EU, was likewise quiet on the issue. Source
BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies
The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target. Source
Information Commissioner: Organisations need to do more to help people affected by data breaches
Information Commissioner urges people to “stop the negative ripple effect” and improve data protection for people in vulnerable situations Commissioner called for “empathy and action” when working with vulnerable people who have experienced a data breach New figures reveal nearly 30 million people have had data lost or stolen, with 30% experiencing emotional distress Information Commissioner John Edwards has today urged organisations across the country to recognise the real-world impact of data breaches – and the devastating effects they can have on people’s lives. Figures revealed by the Information Commissioner’s…
Ripple effect: the devastating impact of data breaches
John Edwards is the Information Commissioner. Imagine a person who has recently escaped an abusive relationship, only to have their confidential address exposed due to a data breach. Or think about someone living with HIV whose medical information is accidentally disclosed. These are not rare or exaggerated scenarios – they are real, and they happen. Such breaches can lead to stigma, fear, discrimination, or even physical danger. For those in already difficult circumstances, the effects can be devastating and life-altering. What is more troubling is that too often, the people…
MicroStrategy’s (MSTR) 300% Premium Relative to its Bitcoin (BTC) Stack Is Unsustainable: Steno Research
“This conviction is reinforced by the diminishing effects of MicroStrategy’s recent stock split,” analyst Mads Eberhardt wrote, adding that the launch of options on spot bitcoin exchange-traded funds (ETFs) in the U.S will also lessen the motivation for investors to hold the stock over these ETFs. Source
Arthur Hayes’ Maelstrom Parks 5% of its Funds With Ethena USD Amid Election Uncertainty, Holds Large BTC, ETH Bullish Bets
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From Smuggling Gold Out of Africa to Bridging Bitcoin and Cardano
A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age. Source
Bitcoin Price (BTC) Down 2% on Tether Criminal Probe Report
Earlier in the session, crypto prices had been on the rise, with bitcoin (BTC) nearing the $69,000 level and perhaps readying for a late-day or weekend challenge of topping $70,000 for the first time in three months. In the minutes following the news on Tether, bitcoin had tumbled to as low $66,500, down nearly 2% over the past 24 hours, before modestly bouncing back to $66,800. The broader market gauge CoinDesk 20 Index was lower by 2.3% over the same time frame. Source
Wall Street Financial Services Firm Lazard Plans to Create Tokenized Funds with Bitfinex Securities
The tokenized funds will be set up and issued under Kazakhstan’s financial services law, under regulatory oversight of Astana Financial Services Authority (AFSA), where SkyBridge and Bitfinex are licensed to operate. Bitfinex Securities is responsible for the tokenization process, while SkyBridge will act as broker and manager of the tokenized fund. The products will be available to retail users, but with certain geographic limitations, and available to be purchased with Tether’s stablecoin (USDT). Source