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Are We in a Bear Market; How Long?
"We can't use the old equity benchmark, a 20% pullback from recent highs, to determine if we're in a bear market," GlobalBlock's Grant Whitlock says on "First Mover," pushing back the argument that we are in a bear market following the recent price drops for bitcoin. "You're talking about a product that can move 20% in a day," he added. Bitcoin now bounces back 15% after falling below $30K, battling resistance in the $37-37K range. Are we out of the woods yet? What's next?
China’s Crypto Miners Eye Kazakhstan in Exodus, E-HKD Study on Track
A look at how Kazakhstan’s quickly becoming a crypto mining hub alternative to China. Hong Kong’s finance chief reiterates plans to strengthen e-HKD research. Forkast.News launches a new three-part series with the Judith Neilson Institute on China’s blockchain developments. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
The Case for Binance: Global Regulators Reining In?
Regulators in Canada, Japan, and the U.K. are issuing warnings against Binance for operating in their territories. PwC Global Crypto Leader Henri Arslanian discusses the global regulatory risks against Binance and what this means for its users and other crypto exchanges. Plus, where are the bitcoin miners moving to next following China's crypto ban?
The Problem With El Salvador’s Bitcoin Law, Effective September 7
Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).
Building Construction Meets Blockchain, Binance Launches NFT Platform
New South Wales sees launch of blockchain platform to track building construction quality. Binance launches its NFT marketplace with a debut sale featuring digital Dali. With the Hong Kong Digital Art Fair set to feature NFTs, Forkast speaks to one artist about its impact on the art world. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Could Miami Become the Crypto Capital of the World?
Miami mayor Francis Suarez discusses the city's first-mover advantage and ambition in the race to become the world's next crypto capital with incentives to come to Miami for local and global talent, attracting Chinese miners in the great migration, synergies with Latin American banks, El Salvador, bitcoin volatility, U.S. dollar infrastructure, and crypto regulation.
How Is El Salvador’s Currency Law Impacting Bitcoin’s Price?
Gavin Michael, CEO of digital wallet provider Bakkt, has bitcoin price analysis and outlook, as El Salvador confirmed bitcoin will become legal tender on September 7. “Bitcoin has really proven that it’s here to say,” he said.
Blue House Responds to Petition, Bitmain Offers Relocation Assistance
Korea’s Blue House responds to a national petition over the FSC chairman. Bitmain offers relocation assistance to miners in China, Lloyds to take crypto for classic cars. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
CoinGecko CEO Thinks We Are in a Cryptocurrency Bear Market
CoinGecko Co-founder and CEO Bobby Ong has his crypto markets analysis and bearish outlook for bitcoin, saying "having an asset going down 50% from its all-time high shows that we are clearly in a bear market."
Sam Bankman-Fried Speaks About McAfee’s Legacy, China Crackdown and Why Tether ‘Is Not a Worry’
FTX CEO Sam Bankman-Fried reacts to the death of antivirus software pioneer and early crypto investor John McAfee, discussing the way he “embodied 2017 in crypto” and the legacy he left behind for the digital asset industry.