8 Trends That Will Shape Bitcoin Mining in 2022
CoinDesk’s first-ever year-end survey of crypto miners reveals a competitive but mature business with the potential for merger activity to accelerate. CoinDesk Managing Editor of Technology Christie Harkin breaks down the findings, sharing insights into the top trends that will shape the bitcoin mining industry in 2022.
Bitcoin's Supply Getting Tighter?
Fred Pye, CEO of Canadian crypto fund manager 3IQ Digital Assets, discusses his outlook for bitcoin and the wider crypto markets amid central banks around the world beginning to taper pandemic-era stimulus. "We're definitely rangebound, but ... what we do know is the supply is getting tighter and tighter," Pye said. Plus, the state of bitcoin ETFs in Canada.
Bitcoin’s Decline Suggests Fed’s Hawkish Policy Shift Is Priced In
Bitcoin appears to have digested the U.S. Federal Reserve's impending hawkish, or anti-inflation, policy adjustment with a significant decline in recent weeks. Analysts said the cryptocurrency could see a relief rally after the Fed decision, due later Wednesday. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Valkyrie Launches ETF to Track Bitcoin Balance Sheet Stocks
Crypto manager Valkyrie has launched a new exchange-traded fund (ETF). Balance Sheet Opportunities ETF, trading as VBB on Nasdaq, invests in companies with big bitcoin bags, but steers clear of bitcoin futures, sticking only to equities that invest in the coin. Valkyrie CEO Leah Wald shares insights into the ETF and hopes for a bitcoin spot ETF in the U.S.
Crypto Traders Laying Low While Fed Ponders
The crypto market extended its losses Wednesday as investors closely monitor the Fed's upcoming decision on raising interest rates next year. Edan Yago, lead contributor at bitcoin-focused DeFi platform Sovryn, discusses his view of bitcoin and DeFi. "The big picture of bitcoin hasn't changed," Yago said. "Inflation is still necessary to continue ... [but] there's been something of a pullback as the market waits to see what's happening."
Institutional Bitcoin Broker NYDIG Valued at $7B After Whopping $1B Funding Round
NYDIG, which offers bitcoin trading and custody, has raised $1 billion that will value the firm at over $7 billion. “The Hash” hosts discuss what could be the largest funding round in crypto history as NYDIG moves to expand bitcoin’s reach into every industry potentially.
Should You Get Your Paycheck Through Bitcoin’s Lightning Network?
Bitwage, a payroll processor that uses Bitcoin’s “layer 2” scaling solution, the Lightning Network, processed the world’s first salary payment via Lightning last week. Bitwage co-founder and CEO Jonathan Chester shares insights into how it all works and who’s using the service.