The Case for Taxing Proof-of-Work
Most bitcoin owners aren't cypherpunks and don't require an energy-intensive consensus mechanism. A tax would shift them on to sensible alternatives. This post is part of CoinDesk's Tax Week.
First Mover Americas: Traders Prefer Gold, Fiat Safe Havens Over Bitcoin as Russia Goes to War
The latest moves in crypto markets in context for Feb. 24, 2022.
Pain Ahead for Major Cryptos on Ukraine Crisis, With Bitcoin Seen Less Risky by Some
Russia’s attack on Ukraine hit global markets on Thursday, sending crypto prices tumbling. Here’s what analysts are saying about the market.
Cardano’s ADA Dives 18%, Leading Plunge in Cryptos as Russia Begins War With Ukraine
Global stocks are tumbling alongside cryptocurrencies, with Western European indexes down nearly 5% and U.S. futures pointing to about a 3% opening decline.
Crypto Market Capitalization Slumps to $1.5T as Russia Attacks Ukraine
The crypto market tumbled 9% on Thursday, with some analysts saying the asset class remained a risky offering.
Bitcoin Falls 7% as Russia Invades Ukraine; Experts Say Fed U-Turn on Rate Hikes Unlikely
It's a Catch-22 situation for the Fed, with geopolitical uncertainty posing risks to financial market stability and oil's move above $100 likely to bolster inflation.
Bitcoin Crashes 9% as Missiles Strike Kyiv, Airport Captured
The world's largest cryptocurrency by market value was trading about $34,725 at time of writing after passing $39,000 on Tuesday. Markets in Asia are also down during trading day as the scale of war expands.
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
The eCNY and other CBDCs are digital versions of cash issued by a central bank, unlike bitcoin which has no single issuing authority; bitcoin surpassed $39,000 on Tuesday before dropping into the red.
Bitcoin’s Fear & Greed Index Enters ‘Extreme Fear’ Territory
CoinDesk Markets Reporter Damanick Dantes joins “All About Bitcoin” host Christine Lee to discuss bitcoin markets as they react to rising tensions between Russia and Ukraine. With BTC futures, liquidations, and leverage levels remaining idle, Dantes indicates an uptick in bearish sentiment as the “Fear and Greed Index” enters “extreme fear” territory.
Bitcoin 3-Month Futures Premium Trends South
In today’s Chart of the Day segment, Christine Lee analyzes a chart by CoinDesk’s Omkar Godbole, which illustrates the annualized rolling three-month futures premium in major exchanges such as Chicago Mercantile Exchange and Binance. The findings indicate a pessimistic sentiment among institutional and retail investors.
