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Why September Could Be an Ugly Month for Bitcoin
Since 2017, September has generally been the worst month for bitcoin (BTC). CoinDesk's Markets Managing Editor Brad Keoun discusses his BTC outlook as the cryptocurrency hovers below $20,000. Plus, CoinDesk's Tech Managing Editor Christie Harkin on defunct crypto exchange Mt. Gox setting a credit repayment date in "due course."
Celsius Says $70M Cash Relief Will Bolster Efforts to Survive 2022; Thailand Toughens Crypto Ad Rules
Crypto lender Celsius Network said a freshly-found $70 million pile of cash would likely help the firm continue operating through the end of 2022. Plus, Thailand is enforcing tougher rules governing crypto advertising, according to an official notice from the country's securities regulator.
Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds
The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.
What’s Driving Bitcoin Below $20K?
Tactive Wealth Advisor Eddy Gifford discusses the potential factors driving bitcoin’s (BTC) price below the critical psychological level of $20,000, particularly concerns around the “very, very hawkish” monetary policy from the U.S. Federal Reserve. Plus, his take on how the upcoming Ethereum Merge might impact the wider crypto markets.
Bitcoin Exchange Inflows Rise
Centralized exchanges received more than 13,000 BTC on Wednesday, the highest daily net inflow since July 17, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin’s August Sell-Off Basically Wipes Out July Gains
Bitcoin’s losses in August basically wiped out the token’s gains in July, according to the monthly bitcoin (BTC) candle chart. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
More Volatility Ahead for Bitcoin as Federal Reserve Keeps Quiet
Trade The Chain Director of Research Nick Mancini joins “All About Bitcoin” to explain why bitcoin (BTC) daily sentiment has been bearish since the price fell below $21,000. Plus, his markets outlook as key Fed officials signal interest rates will likely remain high.
DC AG Suing MicroStrategy's Michael Saylor for Alleged Tax Fraud; Bitcoin Mining Difficulty Increases
The District of Columbia is suing MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor for allegedly never paying any income taxes in the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. Plus, the difficulty of mining a bitcoin (BTC) block increased by 9.26%.
What the New Era of Bitcoin Mining in Texas Could Look Like
The state’s grid operator, the Electric Reliability Council of Texas, is slowing issuance of new permits for miners to connect to the grid. Texas Blockchain Council Director of Bitcoin Analytics Steve Kinard discusses how this is impacting the sector as the difficulty of mining bitcoin increases.
Crypto Community Remains ‘Hyper Positive’ Despite Market Downturn: Laguna Labs Founder
Laguna Labs founder Stefan Rust joins "All About Bitcoin" to discuss the state of crypto and Web3 development amid the recent market turbulence. The community that is building in the DeFi world is "hyper positive," Rust said.