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Could Bitcoin Bounce Back in February?
CORRECTION: Galen Moore misstated the extent of stocks’ pullback. As of February 2, 2022 stocks had fallen back to about where they were a year ago, this time, not back to where they were before the pandemic crash in March 2020. CoinDesk Director of Professional Content Galen Moore discusses his analysis and outlook for bitcoin amid some analysts expecting prices to recover this month. Plus, thoughts on Arizona Sen. Wendy Rogers submitting more pro-crypto proposals, and the latest job report from ADP revealing U.S. companies cut 301,000 jobs in January.
Where Is Diem Creator David Marcus Headed Next?
David Marcus, co-founder of the Diem project (formerly Libra) originally launched from Meta (formerly Facebook), tweeted Tuesday, predicting that bitcoin will be the No. 1 asset in the next 20 years, while the No. 2 asset is yet to be determined. This comes as Silvergate Bank confirmed Monday Diem is shutting down.
Coachella Music Festival to Launch Solana NFTs in Deal With FTX
As part of a partnership with crypto exchange FTX, the Coachella Valley Music & Arts Festival, set to return this April after a two-year hiatus, has announced a series of non-fungible tokens (NFTs) offering on-site perks and VIP access to the event. "The Hash" team discusses the latest move signaling NFTs taking off in the music industry and bringing mainstream blockchain awareness to the masses.
How You Can Prevent ‘Mars Stealer’ Malware From Stealing Away Your Crypto
Mars Stealer, an improved copy of the Oski Stealer malware introduced in November 2019, is capable of collecting cryptocurrencies from popular browser plug-ins, according to USAPTC. “The Hash” squad discusses the key takeaways and offers tips for protecting against security breaches.
MicroStrategy Takes $147M Impairment Charge on Bitcoin Holdings in Q4
MicroStrategy (MSTR) reported a non-cash digital asset impairment charge of $146.6 million in the fourth quarter, up from $65.2 million in the prior quarter, according to its latest earnings statement. This comes as bitcoin enters into a bear market. “The Hash” team discusses the specifics and the potential silver lining ahead.
India’s 30% Crypto Tax Proposal Explained
Indian Finance Minister Nirmala Sitharaman announced the nation’s budget Tuesday, revealing it will tax digital assets at a 30% rate and launch a digital rupee by 2023.
Indian Budget Provision Allows Government to Define NFTs
A clause in India's 2022 budget announced Tuesday by Finance Minister Nirmala Sitharaman suggests the Modi government may be seeking to define what is or is not a non-fungible token (NFT). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the regulatory implications for the future of NFTs in India.
Indian Budget Provision Allows Government to Define NFTs
A clause in India’s 2022 budget announced Tuesday by Finance Minister Nirmala Sitharaman suggests the Modi government may be seeking to define what is or is not a non-fungible token (NFT). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the regulatory implications for the future of NFTs in India.
Sheila Warren to Lead Crypto Council for Innovation
Former World Economic Forum executive Sheila Warren is now CEO of Washington-based lobbying group Crypto Council for Innovation (CCI). Last July, CCI co-hosted a bitcoin-focused virtual event featuring Elon Musk, Jack Dorsey and Cathie Wood.
Grayscale Launches First Equity ETF Tracking New Joint Index With Bloomberg
New York-based asset manager Grayscale has launched the first equity exchange-traded fund (ETF) tracking the Bloomberg Grayscale Future of Finance index. This comes amid a pending SEC approval to convert its flagship Grayscale Bitcoin Trust into a bitcoin spot ETF.
