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‘Mixed Picture’ in El Salvador as Bitcoin Becomes Legal Tender

El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcast “What Bitcoin Did,” discusses the possible outlook and impact of the Bitcoin Law rollout amid “very mixed” sentiments from Salvadorans.

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Why Crypto Markets Are Pulling Back

El Salvador is on a bitcoin buying spree after the cryptocurrency became legal tender in the country on Tuesday, but the crypto markets remain in the red in pullback mode. Michele Schneider, Managing Director at MarketGauge Group, discusses her take on the “flash crash” and the potential factors driving prices lower.

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Bitcoin Briefly Drops Below $43K, Wipes Out Past Week's Gains

A new chart of the bitcoin price over the past week reveals the impact of Tuesday's wipeout. Bitcoin tumbled 11.3%, the most since May and plunged as low as $42,900 during the selloff. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Tumbles Most Since May

"The Hash" panel analyzes the crypto markets and outlook as all major cryptocurrencies are in the red. Bitcoin tumbled 11.3%, the most since May, leading a broad retreat from digital assets even as bullish investors touted El Salvador’s adoption Tuesday of the largest cryptocurrency as legal tender. What's going on?

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Bitcoin Now Legal Tender in El Salvador, Marking World First

Bitcoin's price fell 11.3% Tuesday as the cryptocurrency officially became legal tender in El Salvador, three months after the Bitcoin Law passed the country’s legislature. President Nayib Bukele tweeted he was “buying the dip” with “150 new coins added." The team of "The Hash" discusses El Salvador leading the world into bitcoin and the implications for the crypto community, global economy and beyond.

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Former Libra Director Joins Polkadot Builder

Bertrand Perez, the former chief operating officer (COO) of the Facebook-backed Diem stablecoin project, is joining the Web3 Foundation, a backer of the Polkadot blockchain, as COO. "The Hash" group discusses what this could signal about the future of Diem and Polkadot and the possible impact on stablecoin regulation.

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FTX.US Launches NFT Minting Platform

Crypto derivatives exchange FTX launched a minting platform Tuesday for non-fungible tokens (NFTs) on its U.S. arm, FTX.US. Founder and CEO Sam Bankman-Fried's "Test" NFT sold for $270,000. "The Hash" squad discusses the potential outlook for digital collectibles and FTX as it becomes the latest crypto exchange to dabble into the booming NFT market. 

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Valkyrie CIO on Bitcoin as BTC Becomes Legal Tender in El Salvador

Bitcoin is now officially a legal tender in El Salvador. The cryptocurrency is declining after testing resistance near $52,000 on Monday, with initial support seen at the $50,000 breakout level. Steven McClurg, CIO and co-founder of asset management firm Valkyrie, discusses his crypto markets analysis and outlook. Plus, his take on altcoins and bitcoin ETFs.

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What Could Liquid Exchange Do Now to Prevent Future Crypto Hacks?

Seth Melamed, COO of Liquid Group, discusses Liquid Exchange’s $90 million hack and measures the firm is taking to prevent hacks like this from happening again. Plus, his reasons why he doesn’t think El Salvador’s bitcoin law is sustainable and whether he foresees Asia potentially adopting BTC as legal tender.

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SEC Reportedly Investigating Uniswap Labs

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating the developer of decentralized exchange Uniswap. The regulator is allegedly seeking information about how investors use it and how it is marketed. CoinDesk’s Nikhilesh De discusses the potential outlook for DeFi regulation following the latest sign indicating U.S. regulators intend to wield greater oversight.

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