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‘Fear’ Gets the Best of Bitcoin; Youtube Hit ‘Charlie Bit Me’ is Now an NFT; KAWS Launches New Project That Accepts Cryptocurrencies
Bitcoin is tumbling with market sentiment shifting from FOMO to FUD. Singapore-based crypto exchange Bybit spots a rare negative Bitcoin funding rate amidst falling crypto prices, but NFT adoption is holding strong as the 2007 Youtube hit “Charlie Bit Me” gets tokenized on the blockchain.
Elon Musk's Tweets Send Bitcoin Price on Roller Coaster Ride; Opportunity for the Rise of Altcoins?
Bitcoin price plummets after Elon Musk hinted that Tesla may dump its bitcoin holdings. Lindsay Joo of Bitbull Capital weighs in on Musk's motivations and the potential upside opportunity for altcoins.
Bitcoin’s Environmental Challenge: Proof-of-Stake vs. Proof-of-Work
Tesla’s decision to stop accepting bitcoin payments due to environmental concerns has reignited the bitcoin energy debate. Will the proof-of-stake network be better for the planet? John Wu of Ava Labs weighs in on the debate and discusses Avalanche, a proof-of-stake blockchain that Wu sees as a complementary to Ethereum.
The Bitcoin Wallet Used by Colonial Pipeline Hackers Is Identified; Now What?
Is bitcoin really untraceable? As blockchain analytics firms such as Elliptic and Chainalysis show, bitcoin transactions are not as secret as some people think. CoinDesk’s Nik De breaks down the story of how Elliptic identified the bitcoin wallet used by DarkSide, the hacker group behind the Colonial Pipeline shutdown.
Supermodel Emily Ratajkowski Sells First NFT to “Reclaim” Her Image
Actress and model Emily Ratajkowski is auctioning her first NFT at Christie’s, in what she describes as an effort to reclaim control over her image. “The Hash” panel discusses digital ownership and NFTs as a form of empowerment.
There’s Now Almost Zero Correlation Between Dogecoin and Bitcoin
Dogecoin has taken on a life of its own. The memecoin used to be correlated with the price of bitcoin, but data gathered by CoinDesk’s research team shows the correlation between the two cryptocurrencies has dropped to nearly zero. “All About Bitcoin” host Christine Lee breaks it down in the Chart of the Day.
Understanding Elon Musk's Outsized Crypto Market Influence
One tweet from Elon Musk can send the crypto markets soaring or, in the case of Tesla's reversal on bitcoin payments, spiraling. Dogecoin has jumped 22 percent after Musk tweeted that he was working with developers to improve the memecoin's network transaction efficiency. Why does Musk have such an impact on the crypto markets? "All About Bitcoin's" Week in Review panel discusses. Plus, a discussion of Coinbase's first earnings report.
Signs of Institutional Interest Picking Up: Will It Help Boost Bitcoin’s Price in the Short Term?
Are institutions buying the dip, and what’s in store for bitcoin as it attempts a rebound following this week’s drop? “All About Bitcoin’s” Friday panel weighs in on what the markets can expect from bitcoin next week. Plus, an update on the Taproot activation and the latest Craig Wright drama.
Elon Musk Says He’s Working With Dogecoin Devs to Improve Network
The price of dogecoin surged after Elon Musk tweeted he was working with the joke coin’s developers to improve the network’s transaction efficiency. This tweet follows on the heels of Musk’s announcement yesterday that Tesla would stop accepting bitcoin as a form of payment.
Adoption of Privacy Coins Like Monero is Growing
New data by the Crypto Directory shows that merchants' and retailers' adoption of privacy coins like monero continues to grow. "The Hash" panel discusses the role of privacy coins, particularly as blockchain analytics firms like Chainalysis reveal the lack of privacy with traditional cryptocurrencies like bitcoin.