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‘Bitcoin Is A Rocket Ship,’ Says Tech Industry Veteran
Guy Gotslak, President & Co-Founder of crypto investment platform My Digital Money, discusses bitcoin’s next move as it remains in a long-term uptrend. “We might see a little resistance, but I believe long-term, it’s a rocket ship,” Gotslak said. Plus, why he doesn’t think crypto regulation has a significant impact on market activity.
What US Senate’s $3.5T Budget Plan Could Mean for Crypto
U.S. senators voted along party lines to support a $3.5 trillion blueprint for President Joe Biden’s agenda. This includes the $1 trillion infrastructure bill that passed Tuesday, which included contentious tax reporting provisions on the crypto community.
Largest Hack in DeFi History, ADA Hits Two-Month High
Poly Network suffers the largest hack in DeFi history. Small and mid-sized miners suffer in China exodus, and Cardano’s ADA hits a two-month high. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates
Coinbase posted $1.9 billion in transaction revenue in the second quarter of 2021, surpassing analyst estimates for $1.57 billion in its second-ever earnings report as a public company. The crypto exchange also noted ether was traded more than bitcoin in Q2 for the first time. CoinDesk's Nate DiCamillo digs into the report and reveals about the outlook for Coinbase and the wider industry. Plus, his insights into the latest Consumer Price Index (CPI) numbers.
Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies
Bitcoin and ether are soaring, but some crypto traders speculate the next hot market bet: digital assets associated with visions of a decentralized Internet or Web 3.0 tokens. Vanessa Grellet, Head of Portfolio Growth at investment firm CoinFund, explains what Web 3.0 tokens are and why she believes “this is looking like the future.”
'Bitcoin's Going to 7 Figures', Says Crypto Trader
Crypto Trader Scott Melker discusses his bullish outlook for bitcoin as it climbs 20% over the past week, despite some claiming the U.S. Senate's $1 trillion infrastructure bill could be bearish for the crypto markets. "Well, [the] price hasn't reacted bearishly," Melker said. "Bitcoin's going to seven figures. It's going to be a multi-million dollar figure."
Bitcoin Upside Stalls, Lower Support at $38K-$40K
Bitcoin is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to $40,000 support zone. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Potential Impact of the Bipartisan Infrastructure Bill on Miners
Tanya Woods, General Counsel at North American mining giant Hut 8, discusses how the U.S. Senate’s $1 trillion bipartisan infrastructure bill could affect Hut 8, which operates exclusively in Canada, and how it could inform the outlook for crypto regulation in the Great White North.
NFTs Over DeFi: OpenSea Just Overtook Uniswap on Ethereum Usage
Are NFTs back? Non-fungible token (NFT) marketplace OpenSea topped the leaderboard in gas consumption on the Ethereum blockchain, surpassing Ethereum's largest decentralized finance (DeFi) exchange Uniswap. Since last year, Uniswap has typically commanded the top spot. "The Hash" team discusses the industry implications for the rare flippening event and what it means for ether.
AMC Will Soon Accept Bitcoin for Tickets and Concessions
AMC Entertainment Holdings, America's largest movie theater chain, will begin accepting bitcoin payments for tickets and concessions by the end of the year, CEO Adam Aron said on Monday's Q2 earnings call. "The Hash" squad discusses the practicality of AMC embracing crypto and whether it is just a play to appease its online fan community by way of Reddit's Wall Street Bets movement.
