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Stablecoins and Regulators Need to Get Out of the Way: Market Strategist
Path Trading Partners co-founder & Chief Market Strategist Bob Iaccino discusses the technical pattern in the crypto markets. “Bitcoin is temporarily broken out, I see $26,000 in the short term.” Plus, his take on Tether and why he believes regulators need to “make up their minds and get out of the way.”
Legal Expert: Not Enough Money to Go Around Celsius
As a new cashflow statement comes to light in Celsius Network's third bankruptcy hearing, Hodder Law Firm Managing Partner Sasha Hodder says the crypto lender just does not have "enough assets to go around." She adds that this will be particularly damaging for its Earn program customers. Plus, is Celsius still on track to run out of money by October?
Threat of DOJ Examiner Likely ‘Forced’ Celsius Into Action, Legal Expert Says
Crypto lender Celsius’ third bankruptcy hearing on Thursday focused on which customers are eligible to receive funds back. Hodder Law Firm Managing Partner Sasha Hodder discusses the DOJ examiner’s impact on Celsius’ cooperation. Plus, whether Celsius has enough funds after receiving roughly $80 million from maturing loans and tax savings.
Bitcoin Inches Higher After US Adds 315K Jobs in August
Bitcoin was rising Friday after the U.S. added 315,000 jobs in August and the unemployment rate rose to 3.7%. Path Trading Partners co-founder & Chief Market Strategist Bob Iaccino discusses what the Department of Labor’s latest economic data means for bitcoin (BTC) and the wider crypto market.
Ethereum Merge 'Going to Make a Huge Difference' for Energy Consumption: Researcher
The Ethereum Foundation claims the much anticipated Merge this September from proof-of-work to proof-of-stake will reduce the blockchain network's energy consumption by 99.95%. Independent researcher and artist Kyle McDonald discusses the potential impact of the Merge on Ethereum's energy consumption and the implications for NFTs.
Celsius’ Third Bankruptcy Hearing: Who Should Get Their Money Back?
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down Celsius’ third bankruptcy hearing on Thursday which focused on whether custodial account holders should be able to get their funds back.
Legal Expert: Australia 'Punches Above Our Weight' When it Comes to Crypto
Twenty-five prominent institutions in Australia have come together to start a research program to explore digital asset opportunities. Michael Bacina, partner at law firm Piper Alderman, explains why the country is the prime location to test asset digitization.
Market ‘Purgatory’ With Layer 1s Even After Ethereum Merge: Analyst
Rubicon Crypto co-founder and CEO Greg Johnson predicts continued market “purgatory” even after the Ethereum Merge, particularly with other layer 1 protocols.
Rubicon CEO: ‘Optimistic’ for Strong ETH Performance
Rubicon Crypto co-founder and CEO Greg Johnson explains why he is “optimistic” for strong ether (ETH) performance ahead of the anticipated merge. Plus, why the shift from proof-of-work to proof-of-stake is more significant than a short-term price change.
MicroStrategy's Michael Saylor Responds to Tax Fraud Allegations, 'Respectfully' Disagrees
The District of Columbia is suing MicroStrategy (MSTR) Executive Chairman Michael Saylor for allegedly avoiding paying more than $25 million in income taxes to the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details, along with responses from MicroStrategy and Saylor.