Balita sa Bitcoin
Bitcoin Selling Pressure Increasing From Short Term Holders
An increase in bitcoin’s selling pressure is happening in tandem with selling from short-term holders, and specifically, from wallets that have held bitcoin for six months or less. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Is Bitcoin Due for a Lower Fall?
Bitcoin rebounded after it slipped below $30K Tuesday morning, but is it due for a lower fall? Secure Digital Markets’ Mostafa Al-Mashita weighs in, exploring the possible impact of China’s continued crypto crackdown. Plus, his outlook on institutional activity as MicroStrategy (MSTR) shares were hit hard amid bitcoin’s price drop.
Impact of China’s Crypto Crackdown
Ben Gagnon, Chief Mining Officer of Canadian bitcoin miner BitFarms, on what to make of China’s crackdown on mining operations. Plus, his outlook for the mining community in China and across the globe.
Bitcoin Price Drops Below $30K for First Time Since January
Bitcoin is edging back up from a low below $30K, a key psychological threshold not met since January. “The Hash” team explores the potential factors driving BTC’s price drop, particularly concerns around China’s crypto mining crackdowns and its central bank ordering banks to stop facilitating crypto transactions in the country.
Strike Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says
Strike, the digital wallet startup behind El Salvador’s bitcoin-based payment system, is phasing out its use of Tether’s USDT stablecoin as a U.S. dollar substitute, CEO Jack Mallers said. “The Hash” team explores the ongoing scandal around Tether and the wider repercussions of El Salvador’s currency law.
Stronghold Digital Mining Raises $105M to Turn Waste Coal Into Bitcoin
Digital asset mining firm Stronghold Digital Mining has raised $105 million to turn waste coal to bitcoin. This comes on the heels of rising concerns about bitcoin’s carbon footprint that have signaled pivots to more environmental, social, and governance (ESG)-friendly mining.
Author and Onetime Bitcoin Fan Nassim Taleb Publishes Paper Trashing the Cryptocurrency
Nassim Taleb, a former bitcoin admirer, has published a paper trashing the cryptocurrency. “[I]n spite of the hype, bitcoin failed to satisfy the notion of ‘currency without government’ (it proved to not even be a currency at all),” he writes.
Bitcoin Price Plummets as China Crypto Crackdown Continues
China's crypto crackdown continues as its central bank says banks must block crypto transactions. Cryptocurrencies plummeted Tuesday morning, with bitcoin dropping below $30K. Michael Wu, Amber Group co-founder and CEO, joins "First Mover" with his crypto markets analysis and outlook.
Market Wrap: Bitcoin Slides to Two-Week Low, Ether to Below $2K habang Inulit ng China ang Crypto Ban
Ang Bitcoin futures ng CME ay napupunta sa "backwardation" at ang BTC inflows sa exchange ay tumaas habang nagpapatuloy ang "FUD" ng China.
Could the Heat and Feared Blackouts in Parts of the U.S. Affect Bitcoin Mining Operations?
Texas and other U.S. states across the West are facing energy grid shortfalls this summer as severe drought reduces the amount of water available for hydroelectric power generation, says the Wall Street Journal. CoinDesk's Christie Harkin and Brad Keoun discuss the possible impact of power shortages for miners in the area and the wider crypto mining community.
