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Bitcoin Extends 6-Day Losing Streak, Price Plunges
Bitcoin is slumping for the sixth consecutive day, seeing its biggest plunge in two months. “All About Bitcoin” host Lawrence Lewitinn breaks down the Chart of the Day.
Celsius Now Likely Has Enough Cash to Last Through Year End; FDIC Orders FTX US, Others to Cease 'Misleading' Claims
With funds coming from maturing loans and tax savings, Celsius now likely has enough cash to last through the end of 2022. Plus, the FDIC orders FTX US and four other companies to cease 'misleading' claims.
Crypto Lender Hodlnaut Discloses Singapore Police Proceedings, Layoffs
After freezing users’ assets in early August, Hodlnaut disclosed massive layoffs and pending “police proceedings” in a blog post. “The Hash” team discusses the latest crypto company facing major hurdles amid the recent market downturn.
Facebook Parent Meta Mocked Online After New Horizon Worlds Rollout
Meta's launch of "Horizon Worlds" in Spain and France this week has been mocked online, after CEO Mark Zuckerberg shared his avatar from the platform that revealed graphics of a questionable quality. "The Hash" panel discusses the latest in Meta's virtual ambitions and whether it's paying off.
Tether Slashing Commercial Paper Holdings, New Auditor Confirms
BDO Italia has reaffirmed stablecoin issuer Tether’s consolidated reserves report that showed a 58% quarterly decline in commercial paper holdings to $8.5 billion as of June 30. “The Hash” hosts discuss the BDO report and what it suggests about Tether and the current state of stablecoins.
Crypto Stocks Retreat as Bitcoin Falls Below $22K
Cryptocurrency-related stocks dropped Friday as bitcoin lost momentum along with the broader set of risk assets on macroeconomic fears. “The Hash” panel discusses the recent turbulence and the potential factors that could drive BTC’s price lower.
DOJ Calls for Examiner to Probe Bankrupt Crypto Lender Celsius
The U.S. Trustee office, which oversees bankruptcy matters, said an independent probe into Celsius' financials is needed to address "significant transparency issues" in the crypto lender's bankruptcy case, according to a court filing Thursday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
Merge Prep Rush; Scams Down, Hacks Up
CME launching Ether options in September. ETHPoW token price drops to all-time-low. Crypto crime update: scams down, hacks up. S Korea to block access to 16 unregistered crypto companies. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Could Ether Flip Bitcoin’s Market Cap in the Next 12 Months?
CoinDesk took to Twitter to ask whether ether (ETH)'s market cap could surpass bitcoin (BTC)'s in the next 12 months. "First Mover" hosts Amitoj Singh and Lawrence Lewitinn discuss the results and why a "flippening" may not be on the near-term horizon.
DOJ Calls for Independent Examiner in Celsius Bankruptcy Case
The U.S. Trustee office overseeing Celsius’ bankruptcy proceedings has asked that an independent examiner be appointed to look into the crypto lender’s collapse into bankruptcy. Hodder Law Firm Founder Sasha Hodder discusses the legal implications of the Celsius case and the potential concerns with CEO Alex Mashinsky.