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Why Rising Inflation Could Be Good for Bitcoin
Bitcoin rises to a fresh all-time high after the U.S. Bureau of Labor Statistics releases the October consumer price index (CPI) number, the highest since 1990. CoinDesk's Galen Moore discusses why the inflation increase "would be good for bitcoin," adding "[inflation] tends to seem to drive bitcoin and the stock market apart." Plus, reasons behind Coinbase's user numbers and revenue decline for the third quarter.
Where Is Bitcoin Headed Next After Closing in on $69K?
Bitcoin broke $69,000 on some exchanges for the first time. Chief Business Officer at Blockchain.com Lane Kasselman discusses the potential catalyst behind the price surge and the possible headwinds for bitcoin ahead. Plus, insights into his firm's growth and noteworthy statistics as it celebrates its 10th anniversary.
Bitcoin Rallies to New Record High After CPI Release
New data on bitcoin's hourly price chart shows a rally to new record highs in the wake of a hotter-than-expected October reading in the U.S. consumer price index (CPI). The report showed the cost of living in the U.S. rose 6.2% in October from a year earlier, the fastest since 1990. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Hits New All-Time High as Inflation Spikes 6.2% in October, Highest CPI Number Since 1990
Bitcoin has hit a new record high of $69,000 in some exchanges after the U.S. consumer price index jumped 6.2% in the last 12 months through October, the highest rate since 1990. “The Hash” team discusses what rising inflation could mean for bitcoin crypto markets and the overall financial sector.
Seoul Says It Will Be the First Major City Government to Enter the Metaverse
“The Hash” panel discusses possible motives and potential outcomes as Seoul says it will be the first major city government to enter the metaverse.
Cambridge University to Build Carbon Credit Marketplace on Blockchain
The University of Cambridge is developing a blockchain-based market on the sustainable Tezos network for trading carbon credits, which will support reforestation projects to preserve biodiversity. "The Hash" squad discusses the latest blockchain climate initiative tackling environmental issues through the power of crypto.
Day 7 of Kleiman v. Wright: Wright Tells Jury Kleiman Only Mined ‘Testnet’ Bitcoins
"The Hash" hosts unpack the latest in the Kleiman v. Wright trial. Craig Wright, best known for his controversial claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, told a Miami jury Tuesday at least a portion of the 1.1 million bitcoins considered to be owed to Kleiman's estate were purchased, not mined. Wright also testified some of the bitcoins weren’t actually bitcoins at all but “testnet bitcoins.”
Bitcoin and Beyond
A special selection of highlights from Forkast News Bitcoin and Beyond virtual summit in this episode of “The Daily Forkast.”
Is Bitcoin Due for Lower Lows After Jumping to New All-Time High?
Bitcoin's rally is slowing down after jumping to a new all-time high of $68,950. Senior Market Analyst at Oanda Edward Moya discusses what to make of the price pullback. Plus, short-term risks and "panic selling" to watch as he says bitcoin could consolidate between $65K-$75K until year-end while Wall Street traders take profits.