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Bitcoin Headed for Ninth Straight Weekly Decline
BTC continues to struggle below $29,000 as it heads for its ninth-straight weekly decline, its longest-ever losing streak, based on pricing data going back to 2011. Despite a slight uptick in BTC long liquidations, this still remains low compared to the recent peak earlier this month.
Bitcoin’s Outlook for Next Week
As investors await the May job report and the U.S. Federal Reserve begins quantitative tightening next week, “All About Bitcoin” discusses bitcoin’s possible outcomes for the week ahead and why we could see volatile conditions. Plus, bitcoin’s correlation with ether.
What’s Behind Bitcoin’s Plummeting Price?
As BTC heads for a ninth straight weekly decline, the “All About Bitcoin” Week in Review panel weighs in on the biggest crypto news of the week, including updates to bitcoin mining difficulty and the network’s hashrate.
Tether Expands With USDT Launch on Polygon
Tether has launched its USDT token on Polygon, an Ethereum scaling platform. The largest stablecoin by market capitalization is now available on more than 11 blockchains. “The Hash” team discusses the latest milestone in Tether’s multi-chain push.
New Terra Blockchain Expected to Launch Saturday
Terra’s new blockchain will be launched Saturday followed by an airdrop of new luna tokens to users as part of a broader plan to revive the failing ecosystem. “The Hash” panel discusses the fate of Terra and whether it can successfully come back from the dead.
Condé Nast Building Web 3 Team to Be at ‘Forefront of Culture’
According to Vogue, its parent company and publishing house Condé Nast is developing a Web 3 strategy and team to bring its existing audience into the metaverse. "The Hash" hosts discuss the latest in the worlds of blockchain, culture and fashion.
Chainlink Response to Multi-Sig Security Protocol
Yesterday, "Proof of Decentralization" podcast host Chris Blec joined "First Mover" to discuss the potential security risks of Chainlink's multi-signature protocol. A spokesperson for Chainlink has since published a statement saying the latest change went into effect May 23, clarifying the multi-sig safe has a 4-of-9 signing threshold, and not 3-of-20 as Blec noted. "First Mover" hosts present Chainlink's response.
The Growing Presence of Crypto at World Economic Forum's Annual Meeting
As the World Economic Forum's annual meeting in Davos concludes, CoinDesk Managing Editor of Global Policy & Regulation Nikhilesh De shares insights into the key takeaways and what they mean for the crypto industry.
StepN Co-Founder Addresses Concerns Over Hit 'Move-to-Earn' NFT Game
StepN Co-Founder Yawn Rong shares insights into the pitch and concept for Stepn, the new Solana-based move-to-earn game that lets users buy and trade NFT sneakers, and rewards them for walking or running in the real world. Plus, addressing concerns the game is a "ponzi scheme" and its plans to effectively ban gameplay in China this July.
Terra 2.0 Delayed; India’s Non Fungible League
“Move-to-earn” app StepN to limit service in China. Can Terra 2.0 win back the trust of investors? Philippines eyes taxing crypto by 2024. Comic Con India to launch Non Fungible Man NFT hero. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”