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First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors

Good morning. Here’s what’s happening:Market moves: Bitcoin and ether go down and then up; altcoin prices are mixed.Technician's take: BTC appears oversold into the Asia trading day, but upside remains limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $42,463 +0.8%Ether (ETH): $3,166 … [Read more...] about First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors

First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs

Good morning. Here’s what’s happening:Market moves: Bitcoin's price hovered above $43,000 as investors looked for signs that the cryptocurrency's price had hit a bottom point.Technician’s take: Support remains intact, which could keep BTC buyers active over the short term.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and … [Read more...] about First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs

UK Economic Affairs Committee unconvinced by prospect of retail CBDC

The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report assessing the pertinence of a government-issued central bank digital currency (CDBC).Titled “Central bank digital currencies: a solution in search of a problem?,” the 52-page publication covers a litany of … [Read more...] about UK Economic Affairs Committee unconvinced by prospect of retail CBDC

Polkadot Chief Promises Freedom From Ethereum’s ‘Economic Enslavement’

The completion of the first Polkadot parachain auction was occasion for its creator, Gavin Wood, to herald a newfound freedom from the economic constraints of Ethereum smart contracts.Wood, a co-founder of Ethereum who helped develop the smart contract programming language Solidity, said Polkadot’s economic lease-holding model for parachains (literally, parallelized chains) is … [Read more...] about Polkadot Chief Promises Freedom From Ethereum’s ‘Economic Enslavement’