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Do Kwon’s Taxing Questions; China’s Underground Mining
Terra’s Do Kwon answers back on office closures and tax payments. Tether (USDT) market cap has dropped by $10B since UST collapse. Sources say crypto miners have gone underground in China amid ban. Wine and liquor NFT platform looks to open up the industry. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Could Bitcoin Extend its 7-Week Losing Streak?
Bitcoin is poised to extend its losing streak to a record eight weeks. "All About Bitcoin's" Week in Review panel discusses this week's biggest bitcoin news, including the Fed's hawkish remarks, bitcoin dominance soaring to 7-month highs, price levels to watch, the Terra crash and bitcoin mining.
Bitcoin Mining Difficulty Likely to Drop Next Week
“All About Bitcoin’s” Friday panel looks at what’s ahead: bitcoin mining difficulty is expected to drop next week, the World Economic Forum kicks off its annual meeting Sunday with crypto on the agenda, and what to expect from El Salvador as President Nayib Bukele hosted 44 countries to discuss bitcoin.
Put-Call Ratios for Bitcoin Open Interest Hits 12-Month High
The put-call ratio, which measures the amount of put buying relative to calls, hit a 12-month high for bitcoin open interest. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
BIS Study: Regulate Ledgers, Not Individual Crypto Providers
According to a working paper produced for the Bank for International Settlements (BIS), using distributed-ledger technology (DLT) to cut the cost of cross-border payments requires regulators to stop looking at individual nodes and start looking at the distributed system as a whole. "The Hash" team discusses the regulatory perspective of DLT-based enhancement of cross-border payments.
Goldman Sees Little US Economic Impact From Lower Cryptocurrency Prices
Goldman Sachs said in a research report any drag on aggregate U.S. spending from the crypto markets’ recent downturn is likely to be very small, and the stock market decline has had a much larger effect on U.S. household net worth.
Avalanche Says Luna Foundation Guard Has ‘No Plans' for AVAX Tokens
Smart-contract blockchain Avalanche said in a tweet that Luna Foundation Guard (LFG), the entity behind Terra blockchain's failed UST stablecoin, has “disclosed no plans” for the 2 million AVAX tokens currently sitting in its treasury. "The Hash" hosts discusses the "collaboration gone wrong" and why this is a developing story to watch.
NFL Defensive End Alex Barrett on Taking His Salary Fully in BTC
National Football League (NFL) player Alex Barrett of the San Francisco 49ers has partnered with Bitwage to receive 100% of his paycheck in bitcoin. Barrett joins “The Hash” to share insights into his crypto journey and where it fits into the growing crypto enthusiasm in the sports world despite the current market rout.
How Crypto Fits Into the Global Conversation as World Economic Forum Annual Meeting Kicks Off
The annual meeting of the World Economic Forum (WEF) is scheduled to kick off this Sunday. Felix Honigwachs, CEO of Xchange Monster and delegate from Crypto Valley, shares a preview into how digital assets will fit into the global conversation. Plus, responding to criticisms of WEF and the likelihood of Swiss National Bank holding BTC as a reserve.
G7 Calls for Regulation; Bored Ape Transfer Blocked
Commonwealth Bank of Australia pauses launch of crypto trading on its app. Five South Korean LUNA investors file complaints against Terraform Labs’ co-founders. Terra, UST collapse pushes G7’s call for swift crypto regulation. Singapore court’s block on transfer of Bored Ape Yacht Club NFT tests legal oversight.