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In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX).  “The dollar slid back to flat on the day on Monday after a surge in bitcoin to record highs foiled the U.S. currency’s attempt to rally back from [U.S. nonfarm]...
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Policymakers in India will provide a transition period if a proposed ban on cryptocurrency usage is passed as expected. According to a report by Bloomberg on Thursday, a senior Financial Ministry official – speaking under condition of anonymity – told Bloomberg cryptocurrency holders were likely to be given a three-to-six month period to close their...
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You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to....
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The Russian government wants to know what the country’s data centers are up to, and that includes cryptocurrency mining farms. The Ministry of Digital Development, Communications and Mass Media has published a proposed bill for public feedback, which firstly provides a definition of precisely what counts as a data center. The bill, if passed, would...
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The Venezuelan government’s push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped. That’s the main takeaway of a new Latin America report by blockchain analytics firm Chainalysis. On Thursday, the startup revealed exclusively to CoinDesk that Venezuela ranks third in the world for crypto adoption,...
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COMMENT Over the course of the past few years, the world has been upended in fundamental ways. This has left many journalists in a quandary, struggling to navigate and explain this new landscape to their audiences. Many of the assumptions that undergirded journalists’ choice of phrase are now being severely tested, leaving many of them...
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