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Global NFT Sales Rise; Hong Kong Embraces NFTs
Bitcoin tumbles with Nasdaq’s worst performance since 2020. Chinese mining rig maker Canaan placed on SEC pre-delisting list. NFT market breaks out of bear territory. Hong Kong sees explosion in NFT exhibitions. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
BTC Behaving as a Risk-On Asset?
Bitwise Chief Investment Officer Matt Hougan discusses bitcoin’s price activity as a risk-on asset amid the recent price plunge possibly caused by hawkish Federal Reserve policy. Plus, insights into why we might face an upcoming recession and the impact of institutional investment.
BTC Plunges Over 10%, S&P 500 Sinks Amid Fed's Interest Rate Hike
After a short-lived spike in response to the Federal Reserve’s 50 basis-point interest rate hike, bitcoin dropped over 10% to its biggest one-day decline in two months. Plus, a look into the reaction of traditional assets, including the S&P 500 and the Nasdaq Composite Index, as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Developer Jeremy Rubin on BIP119 Controversy
Judica Founder and BIP119 Proponent Jeremy Rubin discusses the details of his Bitcoin Improvement Proposal (BIP), addressing the controversy it has stirred among the developer community. Rubin explains the ability of BIP119 to add smart contract capabilities to Bitcoin, his longtime involvement in the BTC community and more.
Binance, Sequoia Back Elon Musk’s Twitter Takeover
According to an updated SEC filing, cryptocurrency exchange Binance committed $500 million and venture capital firm Sequoia Capital $800 million to help finance Elon Musk’s $44 billion takeover of social media platform Twitter (TWTR).
PayPal Deplatforms Independent News Outlets and the Case for Crypto
Veteran magazine journalist Matt Taibbi recently shed light on PayPal’s moves to deplatform alternative news publishers like Consortium News and MintPress in his article “PayPal’s IndyMedia Wipeout.”
Coinbase NFT Marketplace Opens to Public, but Who’s There?
Cryptocurrency exchange Coinbase launched this non-fungible token (NFT) marketplace, but only a few users seem to be active on the platform. “The Hash” group discusses the timing of this launch, broader trends on decreasing volumes across NFT marketplaces, and the dominance of OpenSea and Magic Eden in the NFT space.
Is Justin Sun's USDD Stablecoin a Copycat?
Crypto analysts took a stab at Tron Founder Justin Sun’s new algorithmic stablecoin decentralized USD (USDD), calling it a clone of Terra’s UST coin. "The Hash” group discusses Tron’s whitepaper being an alleged copy of Ethereum, the rapid growth of UST and signs of increasing algorithmic stablecoin adoption.
New York Non-Renewable Crypto Bill Faces Pushback
CoinDesk’s Nikhilesh De explains why the bill limiting non-renewable crypto mining currently being reviewed in the New York State Senate could face pushback from lawmakers. Plus, insights on U.S. Senator Elizabeth Warren’s concerns regarding Fidelity Investment’s plans to add bitcoin investing options to 401(k) plans.
Crypto Markets and Altcoins up Following Fed Rate Decision
Medley Global Advisors Managing Director for Global Macro Strategy Ben Emons discusses the crypto market reaction to the Federal Reserve’s recent 50 basis-point interest rate hike and the use of quantitative tightening to combat inflation. Plus, a conversation about bitcoin’s relationships with interest rates, equity markets and the NASDAQ.
