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El Salvador Defends Bitcoin Bet Despite 50% Loss on its Investment
El Salvador’s finance minister is doubling down on the country’s strategy to adopt bitcoin as a national currency, despite a 50% loss in its crypto investment, according to Bloomberg. London School of Economics Public Policy Fellow Frank Muci reacts to President Nayib Bukele's sovereign debt repurchase plan and shares his outlook on El Salvador's bitcoin bet.
Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment
Glassnode data shows the number of wrapped bitcoin (WBTC) declined to around 236,000, the lowest level since bitcoin (BTC) hit all-time highs in late 2021. According to Arcane Research, the drop could be related to Celsius repaying a WBTC loan as the troubled lender filed for bankruptcy. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Spikes Above $22K as Fed Raises Rates by 75 Basis Points Again
Bitcoin (BTC) climbing above $22,000 Wednesday as the U.S. Federal Reserve announced a second consecutive 75 basis-point rate hike. Marketgauge Group Managing Director Michele Schneider and Bitwise Asset Management President Teddy Fusaro join "All About Bitcoin" to discuss what the decision means for the crypto markets.
Coin Metrics’ Blockchain Heat Map Shows When Bitcoin is Most Active
Bitcoin is the most active during European/U.S. business hours, according to Coin Metrics’ ATLAS blockchain heat map. The percentage of bitcoin activity in Asia/Pacific hours dropped around July 2021, which could be a result of China's mining ban. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
SEC Reported Probe on Coinbase a ‘Shock’ to the Industry: Lawyer
U.S. Securities and Exchange Commission (SEC) is reportedly probing Coinbase on suspicions that the crypto exchange allowed U.S. persons to trade unregistered securities.” All About Bitcoin” discusses the reported investigations of some of the top U.S. crypto exchanges and their legal implications.
This Pro Athlete Receives Part of His Salary in Bitcoin
Birmingham Legion FC defender Alex Crognale, who receives part of his salary in bitcoin, shares why he made the move on "All About Bitcoin." Plus, the athlete discusses the significance of pro sports players getting paid in bitcoin for maximized future earning potential.
Zipmex Receives Investment Offer; Voyager Calls FTX’s Offer ‘Low-Ball’ Bid
Troubled crypto exchange Zipmex said it received an investment offer from an interested party as it faces $100 million in losses on loans to Babel Finance. ProChain Capital President David D. Tawil discusses what this means for the future of Zipmex.
Bitcoin’s On-Chain Metrics Suggest Buying Opportunities Amid Dip Below $22K
Bitcoin’s net unrealized profit/loss chart is in the ‘capitulation’ zone, suggesting buying opportunities relative to historical price action despite its drop below $22,000. Plus, insights into bitcoin’s inflows and whales selling as “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Below $22K Ahead of Expected Fed Rate Hike
Bitcoin fell below $22,000 as investors brace for an expected 75-basis-point interest rate hike by the Federal Reserve this week. Gerber Kawasaki's Director of Get Invested Brett Sifling discusses his crypto markets analysis and outlook, examining bitcoin as an inflation hedge. Plus, what will institutions and corporations make of Tesla's gains?
Bitcoin Heads for Best Weekly Performance Since March
Bitcoin (BTC) is heading toward a 12% weekly gain, its best weekly performance since March. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.