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El Salvador Defends Bitcoin Bet Despite 50% Loss on its Investment
El Salvador’s finance minister is doubling down on the country’s strategy to adopt bitcoin as a national currency, despite a 50% loss in its crypto investment, according to Bloomberg. London School of Economics Public Policy Fellow Frank Muci reacts to President Nayib Bukele's sovereign debt repurchase plan and shares his outlook on El Salvador's bitcoin bet.
Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Facebook parent company Meta posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, but CEO Mark Zuckerberg remains optimistic, noting the company is more focused on its long-term metaverse and Reels growth. "The Hash" panel discusses the tech giant's Q2 earnings report and an outlook into the future of metaverse.
Bitcoin Tops $23K as US Q2 GDP Contracted Again
Gross domestic product declined at an annualized pace of 0.9% in the second quarter, marking two consecutive quarters of economic contraction. “The Hash” panel discusses their outlook on the crypto markets amid recession concerns and rising inflation.
Is Crypto Overlooking an Investment Opportunity in Women’s Sports?
Fans of women’s sports have a relatively high knowledge of cryptocurrencies, yet fewer crypto companies invest in female athletes and teams. As part of CoinDesk's "Sports Week," "The Hash" panel discusses the potential reasons why women’s sports globally received less than $1 billion in sponsorships in 2020.
Law Commission of England and Wales Sees Crypto as a New Type of Property
The Law Commission of England and Wales wants to extend property rules to cover crypto and non-fungible tokens (NFTs). “The Hash” panel discusses what the proposal means for global crypto regulation and how this could protect investors against losses through hacks and system failures.
Bitcoin Flirts With $23K As U.S. GDP Falls Further in Q2
U.S. gross domestic product (GDP) declined at an annualized pace of 0.9% in the second quarter, following a 1.6% decline in the first three months of 2022. OKCoin chief operating officer Jason Lau joins "First Mover" to discuss his outlook on the crypto markets amid recession concerns and rising inflation.
Bitcoin Back Above $23,000 Ethereum on a Tear
Crypto analysts say it’s time to look beyond the Fed after the second consecutive interest rate raise. In the meantime, ETH is up strongly after tenth shadow fork goes live ahead of the merge in September.
Will Ether Be Labeled as a Security After the Merge?
Ethereum’s tenth "shadow fork" went into effect this week as the network continues to run tests ahead of the anticipated shift from using the energy-intensive proof-of-work protocol to proof-of-stake. Georgetown University Law Professor Adam Levitin explains why the move could have unexpected consequences for the crypto market.
Stablecoin Bill Officially Delayed Past August, Rep Maxine Waters Says
The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the latest timeline for the bill.
How Apple May Potentially Interfere with Metaverse Development: Expert
"The Metaverse And How it Will Revolutionize Everything" author Matthew Ball discusses how Apple is potentially problematic to the development of the decentralized metaverse. Plus, he weighs in on the new Pew Research study that finds 54% of tech innovators and developers predict that by 2040 the metaverse will be much-more-refined.