Bitcoin News
Observers Cautious for Bitcoin as US Inflation-Adjusted Bond Yield Hits 2-Year High
Typically rising borrowing costs hurt risk assets, one research firm said.
Bitcoin Slumps to $45K Amid Hawkish Fed, Buying Activity Remains Positive
Institutional adoption of bitcoin could boost confidence among those who have previously considered cryptocurrencies a poor investment, some analysts said.
First Mover Asia: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop
Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin and ether fall.
Crypto Markets React to Hawkish Brainard Remarks
Marcus Sotiriou, GlobalBlock market analyst, shares his bitcoin price outlook as Federal Reserve Governor Lael Brainard said Tuesday the U.S. central bank will reduce its balance sheet as soon as May. Plus, a conversation on MicroStrategy’s continued accumulation of bitcoin and Exxon’s plans to enter the crypto mining industry.
Bitcoin's 'Reserve Risk' Suggests Opportunity for Long-Term Accumulation
Is it time to buy the dip? The reserve risk of bitcoin, an indicator that measures the risk-reward ratio of allocating BTC based on the conviction of long-term holders, shows that HODLing is the preferred market strategy right now. “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Market Wrap: Bitcoin and Stocks Briefly Dip After Fed Comments; DOGE Rallies
BTC was roughly flat over the past 24 hours, compared with a 17% rise in dogecoin.
A State Senator Is Pushing to Attract Bitcoin Miners to Oklahoma
John Michael Montgomery explains on CoinDesk TV’s “First Mover” why he thinks the Sooner State should offer tax incentives to crypto miners.
Why US Lawmakers Are Considering Legislation on El Salvador’s BTC Adoption
A new bill titled the Accountability for Cryptocurrency in El Salvador (ACES) Act has been presented in the U.S. House of Representatives by a bipartisan group of regulators. “The Hash” panel discusses the legislation's intention to protect the U.S. economy from El Salvador's bitcoin adoption while also touching on concerns raised by global financial institutions like the International Monetary Fund (IMF).
Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin
Lightning Lab's Elizabeth Stark announced a Taproot-enabled protocol called Taproot Asset Representation Overlay (Taro) that has received $70 million in Series B funding to bring stablecoin capability to the Bitcoin network. “The Hash” panel discusses how this project can revitalize Bitcoin’s early function as a means for payments and the technological capabilities of the Taproot upgrade.
