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Bitcoin Down as Stocks and Oil Prices Fall
Bitcoin continues to retreat as stocks and oil prices also suffer from the strength of the U.S. dollar. Managing Director of the Strategic Funds Marc Lopresti discusses the potential factors driving bitcoin’s price lower, his strategy for navigating volatility in the crypto markets, and his 2022 bitcoin price outlook.
WisdomTree Adds Bitcoin Futures Exposure to Fund
WisdomTree, an asset manager with over $76 billion in assets under management, has added a 1.5% allocation of its Futures Strategy Fund (WTMF) to Bitcoin Futures Contracts. This comes a month after the SEC rejected its application for a spot bitcoin ETF. Global Chief Investment Officer Jeremy Schwartz shares his insights and the potential impact of inflation on markets.
PayPal Exploring Creating Its Own Stablecoin as Crypto Business Grows
PayPal is looking into launching its own stablecoin as the company grows its crypto business. Hidden code in its iPhone app shows a potential “PayPal Coin” would be backed by the U.S. dollar. “The Hash” panel discusses Paypal’s latest crypto efforts, potentially bringing mainstream blockchain awareness.
Binance.US Expansion in Solana Metaverse
Crypto exchange Binance.US is the latest blockchain firm building a space in Portals, a metaverse platform built on the Solana blockchain that recreates a dense urban environment where users can explore buildings and interactive rooms. “The Hash” hosts discuss the implications for Binance, the Solana network and virtual worlds.
Major Mining Pools’ Bitcoin Hashrate Nears Recovery as Kazakhstan’s Internet Partially Restored
The hashrate of major bitcoin mining pools neared recovery Monday. This comes days after computing power on the network fell following an internet blackout in Kazakhstan, the world’s second-largest bitcoin miner. “The Hash” team discusses the latest development in the bitcoin mining community and what it could speak to about the resiliency of bitcoin.
Pudgy Penguins NFT Project Ousts Founders as Mood Turns Icy
The beloved NFT project Pudgy Penguins voted out its founders Thursday after they allegedly failed to deliver on stated goals and drained the treasury of funds. Some argue the entire project should be decentralized, potentially an industry first. "The Hash" squad discusses the latest battle for control, raising governance questions surrounding NFT communities and what this means for the fate of Pudgy Penguins.
The Sandbox Co-founder on Future of Virtual Real Estate as PwC HK Buys Plot of LAND NFT
PwC Hong Kong, a subsidiary of consulting firm PricewaterhouseCoopers (PwC), has acquired a plot of LAND on Animoca-owned metaverse The Sandbox. The Sandbox co-founder and COO Sebastien Borget shares insights into the sale and what it means for the future of virtual real estate. Is 2022 the year of the metaverse?
Senate Banking Committee to Hold Nomination Hearings for Jerome Powell, Lael Brainard
The Senate Banking Committee will hold a hearing for Jerome Powell Tuesday on his nomination to a second term as Federal Reserve chair. It will hold a separate hearing Thursday to consider the nomination of Fed Governor Lael Brainard to be vice chair. CoinDesk’s Nikhilesh De discusses what we know and what we can expect.
Bitcoin’s Next Move Amid Talks of More Interest Rate Hikes, Other Macro Factors
Bitcoin and most other cryptocurrencies continue to retreat amid the Federal Reserve’s release of minutes from its December meeting, signaling it would tighten monetary policy faster than was once expected. Don Kaufman, the co-founder of trading education firm TheoTrade, discusses the potential macro factors impacting bitcoin and where the crypto markets could head.
Bitcoin Suffering Worst First Week of the Year Since 2017
Bitcoin suffered its worst first week of the year since 2017 as it dipped to a three-month low. CoinDesk's Managing Editor of Markets Brad Keoun explains the macro factors behind the dip. On top of that, CoinDesk Research's 2021 Annual Review found bitcoin dominance compared to other cryptocurrencies was lower than it has been since 2017. CoinDesk's Managing Editor of Technology, Christie Harkin, points out that the idea of bitcoin winning and or losing is "not a healthy way to approaching it." Bitcoin's decreasing dominance shows a maturing of the space overall.