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What's Driving Bitcoin’s Surge to $40K?
Bitcoin jumped to a two-week high Friday near $41,000 as crypto traders grew more confident the market has stabilized following a recent slump, and some analysts flagged the possibility of a short squeeze. CoinDesk's Christie Harkin and Brad Keoun review the week's top stories moving bitcoin and the wider crypto markets.
JPMorgan Asset Management Chief Slams Bitcoin in ‘Maltese Falcoin’ Report
In his 30-page investigation that riffs on the 1941 film “The Maltese Falcon,” Michael Cembalest, J.P. Morgan Asset & Wealth Management’s chairman of market and investment strategy, slams blockchain and crypto to say bitcoin’s lofty valuations are the “stuff that dreams are made of.”
Binance CEO Warns of ‘Massive’ SMS Phishing Scam
Binance CEO Changpeng “CZ” Zhao warned Friday of a “massive phishing scam via SMS” with a link to cancel withdrawals that leads to a website that harvests Binance users’ credentials. “The Hash” hosts discuss the latest story signaling the importance of personal security in the crypto space.
Meta’s $10B Loss in Metaverse Business Sending Ripple Effect Across Sectors
Metaverse-related tokens took a hit in the past two days as Meta (formerly Facebook) reported a $10 billion loss on its augmented and virtual reality (VR) division in an earnings release earlier this week. How does the setback in Meta’s metaverse strategy impact the market perception of other digital worlds? “The Hash” panel weighs in.
Meta's $10B Loss in Metaverse Business Sending Ripple Effect Across Sectors
Metaverse-related tokens took a hit in the past two days as Meta (formerly Facebook) reported a $10 billion loss on its augmented and virtual reality (VR) division in an earnings release earlier this week. How does the setback in Meta's metaverse strategy impact the market perception of other digital worlds? "The Hash" panel weighs in.
Crypto Markets Beginning to Bounce Back
Bitcoin and other major cryptocurrencies are trending higher Friday, but what’s behind the bounce? Peter Marber, Chief Investment Officer at Aperture Investors, discusses his crypto markets analysis. Plus, his take on the contrast between El Salvador’s economy before and after BTC became legal tender, and thoughts on the IMF’s criticisms of the country’s bitcoin adoption.
Stacks Co-Founder on Launching ‘Trust Machines’ to Open Up to Web 3
Trust Machines, co-founded by Stacks founder Muneeb Ali, has raised $150 million in funding for expanding Bitcoin as a platform for Web 3 applications. Ali shares insights into the launch of Trust Machines and the implications for the future of Bitcoin’s infrastructure.
NBA All-Star Baron Davis on Empowering Underrepresented Communities Through NFTs
Baron Davis, former two-time NBA All-Star and serial entrepreneur, is launching the “More Than Us Venture Studio” to empower underrepresented communities to develop and create non-fungible tokens (NFTs) in the Web 3 space. Davis shares insights into the new infrastructure for NFTs, his investment thesis, and crypto journey.
What to Expect From House of Representatives’ Stablecoin Hearing Next Week
The House of Representatives will convene next Tuesday to discuss stablecoin regulation. The Senate Banking Committee will also hold its own hearing on stablecoins the week after. CoinDesk Global Policy and Regulation Managing Editor Nik De shares a preview.
Crypto Donations to Tor Surged 841% in 2021
Crypto donations to privacy-focused nonprofit the Tor Project surged 841% in 2021 from 2020 to $940,000. Of the nearly $1 million raised, 58% of the donations were in cryptocurrencies. The Tor Project Fundraising Director Al Smith discusses the potential factors driving the surge in charity to Tor.