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Short-Term Return on Investment: Bitcoin Down 40%, Gold Remains Resilient
Is gold or bitcoin a safe-haven asset? Over the past few months, bitcoin’s returns have declined nearly 40%, while gold’s returns have only fallen roughly 1%. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Paraguay to Join El Salvador in Bitcoin Adoption?
El Salvador’s bitcoin adoption appears to be influencing lawmakers across Latin America to begin exploring their own crypto strategy. Paraguay is unveiling a crypto bill, but its proposed laws are nothing like those of El Salvador. Juanjo Benitez Rickmann, CEO of Bitcoin.
Arca CIO: ‘No Bad Time to Buy Bitcoin’
Data shows bitcoin is one of this year’s worst-performing digital assets, but Jeff Dorman, CIO of crypto-asset manager Arca, says he still has a bullish outlook.
Compass Mining Inks Multi-Year Deal With Nuclear Fission Startup Oklo for Clean Energy
Compass Mining has signed a 20-year deal with nuclear fission firm Oklo to supply the bitcoin mining company with clean and cheap energy. “The Hash” panel discusses the novel twist on clean sources of power as the industry seeks solutions to its environmental challenges.
Why Is ShapeShift Shutting Down?
Crypto trading pioneer ShapeShift is closing its doors, handing over its legacy to a decentralized autonomous organization (DAO) controlled by holders of its FOX token. In the process, it will airdrop $98 million in crypto to decentralized finance (DeFi) investors.
Binance-Backed Travala’s Q2 Revenue Surges 141%
Binance-backed blockchain-based travel company Travala announced its Q2 revenue rose 141% over the past three months amid a rebound in global travel. “The Hash” hosts discuss Travala potentially driving crypto and blockchain tech mainstream as it gets traction in the travel industry.
European Central Bank Moves to Start Digital Euro Project
The European Central Bank (ECB) said Wednesday it would move from discussion to exploration in its plans to develop a eurozone central bank digital currency (CBDC). “The Hash” panel discusses the outlook for the digital euro, raising concerns over privacy and financial sovereignty.
Bitcoin Dips Below $32K as Bets for Fed Rate Hike Rise
Bitcoin's price dipped below $32K Wednesday amid increased bets the U.S. Federal Reserve will potentially raise interest rates earlier than expected. "The Hash" hosts discuss the future of bitcoin if it no longer behaves like the inflation hedge it is said to be. Plus, reactions to Fed Chair Jerome Powell's testimony on inflation and the state of the wider economy.
Nifty’s and Warner Bros. Team Up to Launch ‘Space Jam’ NFTs
A series of non-fungible tokens (NFTs) marking the release of “Space Jam: A New Legacy” is to be launched on the new social platform Niftys.com in partnership with Warner Bros. Nifty’s Chief Legal Officer Olta Andoni discusses the launch as part of Nifty’s mission to be the first-ever NFT-focused social media platform.
VanEck CEO: SEC Not Likely to Approve Bitcoin ETF This Year
Jan van Eck, CEO of the global investment manager and exchange-traded fund (ETF) pioneer VanEck, discusses the state of bitcoin ETFs in the U.S. Could the SEC approve its first US bitcoin ETF this year? “At the rate of discussions now, I would say no,” van Eck said.