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Bitcoin's Dominance Rate Hints at Upcoming 'Altcoin Season'; Data Shows NFT Marketplaces Sales are Slipping
"The Hash" team breaks down the biggest stories of the day, including the increase in bitcoin's (BTC) dominance rate, the largest cryptocurrency's share of the overall crypto market, halting, which hints at the potential outperformance of alternative tokens known as altcoins ahead. Separately, OpenSea and Blur are experiencing notable losses in daily users and sales, according to multiple dashboards compiled by researchers on the analytics platform Dune.
Coinbase Obtains License to Operate in Bermuda; Starbucks Brews More NFTs
In a recent blog post, Coinbase announced it secured a license from the Bermuda Monetary Authority (BMA). Fortune was the first to report on the news. This comes as Coinbase CEO Brian Armstrong recently suggested that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Plus, a closer look at coffee giant Starbucks and their second NFT drop.
Intel Kills Its Bitcoin Mining Chip; Taylor Swift's Smart Crypto Question
"The Hash" tackles today's hot topics: Intel suddenly discontinues production of a bitcoin mining chip. Are crypto deals and investments coming back or is that just our imagination? A lawyer for a class-action lawsuit against celebrity FTX endorsers says Taylor Swift avoided a $100 million sponsorship deal for asking one simple question.
SEC Chair Gensler Grilled Over Crypto Policy; Who's Winning and Losing in Global Crypto Shuffle?
"The Hash" tackles today's hot topics: SEC Chair Gary Gensler is defending his crypto policies before lawmakers on Capitol Hill. Will it be too late to convince crypto firms to stay in the U.S. instead of moving offshore? Gala Games' v2 airdrop date is announced.
SEC Sues Bittrex; Shaq Served in FTX Lawsuit, and More
"The Hash" tackles today's hot topics: SEC charges Bittrex and its former CEO for violating federal laws. Congressman Warren Davidson (R., Ohio) says he'll be introducing a bill to fire SEC boss Gary Gensler. Shaquille O'Neal finally gets outmaneuvered and gets served in FTX class action lawsuit. Plus, why Gridless Mining is among CoinDesk's Projects to Watch in 2023.