First Mover | CoinDesk

First Mover: Wacky Bitcoin-to-DeFi Crypto Markets Might Be New Home of Capitalism

Cryptocurrency markets from bitcoin to DeFi might be full of rampant speculation, but they also might be keeping the fires of capitalism lit.

By Bradley Keoun, Omkar Godbole, Muyao ShenAug 21, 2020

Markets

First Mover: Collapsing Bitcoin Futures Premium Offers Glimpse of New Digital Money Market

Dollar-linked "stablecoins" are being used in exotic cryptocurrency trades, similar to the way money markets serve as liquidity on Wall Street.

By Bradley Keoun, Omkar Godbole, Muyao Shen, Sebastian SinclairAug 20, 2020

Dollar-linked "stablecoins" provide the liquidity to fund exotic cryptocurrency trades. (Waterfall at Mont-Dore by Achille-Etna Michallon, from the Metropolitan Museum of Art archives, modified by CoinDesk)

Markets

First Mover: Money Legos Turn 'Exuberant' as Chainlink Stripped of 'DeFi'

This year's growth in the cryptocurrency subsector DeFi has been so remarkable that some analysts are now calling the phenomenon "exuberant."

By Bradley Keoun, Omkar Godbole, Muyao Shen, Sebastian SinclairAug 19, 2020

Exuberant dancers. (Christy Gallois/Flickr Creative Commons, modified by CoinDesk)

Markets

First Mover: Bitcoin Passes $12K, Dollar Worries Grow, OMG Jumps, Portnoy's Orchid #Pump

Bitcoin rises, Warren Buffett buys a gold miner, Wall Street dollars worry grow, OMG's price jumps, Orchid gets #pump tweet, Ethereum Classic's possible delisting.

By Bradley Keoun, Omkar Godbole, Muyao Shen, Sebastian SinclairAug 18, 2020

(Images Money/Flickr Creative Commons, modified by CoinDesk)

Markets

First Mover: Litecoin and Mimblewimble, Ether Futures, Chainlink, Curve

Litecoin's Mimblewimble upgrade sparks optimism, Ether futures hit records, Chainlink developers take profits.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairAug 17, 2020

Silver crystals (Alchemist-hp/Wikimedia Commons)

Markets

First Mover: As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever

Crypto traders are enjoying their own version of the market’s madness, from bitcoin’s bull run to the collapse of YAM to Dave Portnoy.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairAug 14, 2020

Illustration from "The World Turned Upside Down." (Alamy/Photomosh)

Markets

First Mover: Ethereum Faces Inflation Problem as Gas Fees Soar

Ethereum gas prices are soaring, and cryptocurrency traders say it's a reflection of congestion on the blockchain that's now starting to slow down transactions on decentralized exchanges.

By Daniel Cawrey, Bradley Keoun, Omkar GodboleAug 13, 2020

Markets

First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins

So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes.

By Daniel Cawrey, Sebastian SinclairAug 12, 2020

Schematic of Aug. 10 stablecoin arbitrage trade using DeFi. (Etherscan, CoinDesk)

Markets

First Mover: After Falling 65% This Year in Bitcoin Terms, Do 'Stablecoins' Need a Rebranding?

So-called stablecoins have been tanking in bitcoin terms lately. Should we be calling them "crypto-dollars" instead?

By Bradley Keoun, Omkar GodboleAug 11, 2020

Markets

First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters)

Bitcoin pushed above $12,000 as President Donald Trump ordered emergency economic aid measures that might just be a precursor to a new spending bill worth trillions of dollars.

By Bradley Keoun, Omkar GodboleAug 10, 2020