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Turkish Lira More Volatile Than Bitcoin

The Turkish Lira is proving to be more volatile than bitcoin, according to data from Chainalysis. The Lira's 90-day historical volatility (HV), a measure of how much the price fluctuated from its average, has risen to an annualized 65% against the U.S. dollar. Meanwhile, bitcoin has dropped to 61%. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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The Mnuchin Files: CoinDesk Investigative Report on Trump-Era Crypto Policy

CoinDesk has released an in-depth report titled "The Mnuchin Files: New Documents Shed Light on Trump-Era Crypto Policy." The 250-page report examines the U.S. crypto policy during the Trump administration, revealing Jared Kushner advocated behind the scenes for a U.S. digital currency. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses the key highlights.

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Bitcoin Down as Stocks and Oil Prices Fall

Bitcoin continues to retreat as stocks and oil prices also suffer from the strength of the U.S. dollar. Managing Director of the Strategic Funds Marc Lopresti discusses the potential factors driving bitcoin’s price lower, his strategy for navigating volatility in the crypto markets, and his 2022 bitcoin price outlook.

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PayPal Exploring Creating Its Own Stablecoin as Crypto Business Grows

PayPal is looking into launching its own stablecoin as the company grows its crypto business. Hidden code in its iPhone app shows a potential “PayPal Coin” would be backed by the U.S. dollar. “The Hash” panel discusses Paypal’s latest crypto efforts, potentially bringing mainstream blockchain awareness.

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Peter Thiel Says Bitcoin Could Be a Chinese ‘Financial Weapon’

During an appearance at a virtual roundtable yesterday, billionaire investor and self-described “bitcoin maximalist” Peter Thiel suggested that China could use bitcoin as a “financial weapon” to undermine the value of the U.S. dollar. “The Hash” panel debates whether Thiel’s comments are something the crypto space should take seriously.

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