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Bitcoin Trades Around $30K Amid China Optimism
Bitcoin continues to trade around $30,000 as global stock markets are awash in a sea of green. Traders priced in expectations of a relaxation of rules in Shanghai after weeks of strict lockdowns, leading to a jump in Chinese stocks. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Why $29K Level is ‘Critical’ for Bitcoin
The Strategic Funds’ Managing Director Marc Lopresti discusses his bitcoin analysis and outlook, explaining why $29,000 could be a “critical” level to watch. Plus, how do stocks and the U.S. dollar impact BTC’s price? What are the bull and bear cases for bitcoin?
Swan Bitcoin CEO: Terra Was a 'Ponzi Scheme'
Swan Bitcoin CEO Cory Klippsten discusses why he's "not surprised" about the collapse of Terra's UST and LUNA, saying "their whole scheme was a ponzi scheme." Plus, his take on the whereabouts of Terra's bitcoin reserves.
Bitcoin Mining Appears to Have Survived Ban in China
China, once the world’s second largest crypto miner, has re-emerged as a major bitcoin mining hub despite last year’s ban. According to the Cambridge Centre for Alternative Finance (CCAF), miners have engaged in underground activity in the country.
Citi: Fallout From Terra Collapse Unlikely to Hit Wider Financial System
Citi's analysts said the recent weakness in bitcoin and equities, triggered in part by the collapse of the Terra ecosystem, seems contemporaneous and doesn’t show any lag or lead effect. "The Hash" hosts discuss the details of the bank's notes and outlook for global finance.
Elon Musk: Twitter Deal 'Cannot Move Forward' Pending Fake Account Data
Tesla CEO Elon Musk said his $44 billion acquisition of Twitter will be on hold until he has more clarity on the platform's "calculation" of fake or spam accounts. "The Hash" panel discusses the latest in the ongoing Musk-Twitter saga as Musk continues to rail against the bots.
A16z Addresses Crypto Industry Downturn in Inaugural ‘State of Crypto’ Report
Venture capital firm Andreessen Horowitz (a16z) has released its inaugural “State of Crypto” report that includes cyclical information relevant to the current downturn in crypto, according to draft materials provided to CoinDesk. “The Hash” team reacts, discussing their key takeaways. “The overwhelming conclusion here is, we’re still early,” host Zack Seward said.
Bitcoin Hovers Above $30K Support Amid Asian Markets Gain
As bitcoin holds above the key $30,000 level, BTG Pactual's Andre Portilho discusses the prospects of bitcoin as a safe haven asset amid economic uncertainties in the U.S. and globally. Plus, what higher interest rates mean for the markets, institutional vs. retail buying and crypto in Latin America.
How Capitol Hill is Reacting to Terra’s Collapse
Ron Hammond, director of government relations at The Blockchain Association, one of the crypto industry’s largest lobbying groups, discusses how Capitol Hill is reacting to the implosion of Terra’s algorithmic stablecoin UST, and why it might not be a popular topic among U.S. lawmakers.
Paul Brody on the Rise and Fall of Terra Luna, Blockchain Use Cases and More
Ernst & Young’s (EY) Paul Brody shares insights into the collapse of Terra’s UST and LUNA, discussing the importance of investing in protocols with “institutional maturity.” Plus, EY has unveiled its supply chain manager built for the Polygon network aimed at solving bottlenecks in product traceability.