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BTC and ETH Drop More Than 30% Over the Past Year
Returns over the past year for 14 out of all CoinDesk top 20 assets, the top 20 digital assets based on verifiable dollar volume and exchange listings, illustrate a sea of red. ETH and BTC show more than 30% price declines.
Crypto Adoption Outlook as Fidelity and Central African Republic Embrace Bitcoin
The “Week in Review” panel discusses Fidelity adding bitcoin in its 401K programs, what Elon Musk’s deal to buy Twitter could mean for the social media platform and the Central African Republic’s decision to adopt bitcoin as legal tender.
What Next Week’s Fed Meeting Means for Bitcoin
CoinDesk Managing Editor for Markets Brad Keoun shares his bitcoin price outlook. Could the digital asset break its current trading range between the mid-30s and high-40s? Plus, a discussion on the upcoming Federal Reserve meeting as Jerome Powell stated plans to raise interest rates by 50 basis points.
Panama Passes Law to Exempt Digital Assets From Capital Gains Tax
Panama’s legislature passed a bill to exempt digital assets from capital gains taxes by a 40-0 vote, although it still needs to be signed by President Laurentino Cortizo to become law. “The Hash” group discusses Panama’s dependence on the U.S. Dollar, as other countries such as El Salvador and the Central African Republic utilize crypto to break away from these ties.
Apollo Hires JP Morgan's Christine Moy to Lead Digital Assets Strategy
Apollo Global Management made a major push into crypto by hiring former JPMorgan (JPM) executive Christine Moy as its first head of digital assets strategy. “The Hash” group discusses Moy’s experience with metaverse projects like Decentraland and the broader narrative of increased global interest in crypto as the Central African Republic adopts bitcoin as legal tender.
Ukraine Government Launches Website for Donating and Buying NFTs
The Ukrainian government has launched a website for buying and donating NFTs, continuing to leverage crypto to raise funds amid the war with Russia. “The Hash” group discusses the role digital assets have played in the Ukraine crisis, noting the use of stablecoins by those affected.
Bahamas Prime Minister on Embracing Crypto
Speaking from the Crypto Bahamas conference, Bahamas Prime Minister Philip Davis and Attorney General Ryan Pinder discuss how the country’s digital asset regulatory framework fosters an environment that crypto firms like FTX can consider “home.” Plus, a conversation on the Bahamas’ anti-money laundering efforts and the Sand Dollar central bank digital currency.
Highlights From Crypto Bahamas Conference
CoinDesk's Zack Seward, Tracy Wang and Danny Nelson share their key takeaways from this year’s Crypto Bahamas conference, highlighting the participation of Wall Street players. The panel discusses which projects are more represented than others, noting that there seems to be more presence of Solana and Avalanche developers and projects than those involved in Ethereum.
What Crypto's Increasing Correlation With Tech Stocks Means for Investors
Will Evans, CEX.IO managing director, the Americas, discusses the impact of macroeconomic factors on the crypto markets, noting the war in Ukraine and inflation as possible reasons for volatility. Plus, a conversation on crypto’s increasing correlation with tech stocks and developments in the derivatives market.
Another Crypto Firm Leaves Singapore; S Korean Secrets Sold for Crypto
Three Arrows Capital to move base from Singapore to Dubai. Samsung Asset Management to list blockchain ETF in Hong Kong. South Korean crypto executive, soldier indicted for selling military secrets for Bitcoin. Innovation driving blockchain gaming space forward.