Bitcoin News
US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment
The bill, which was passed out of committee on Wednesday, generated the displeasure of El Salvador's president, Nayib Bukele.
First Mover Asia: With Finance Bill Vote, India Continues to Reckon With the Growing Crypto Industry; Bitcoin, Ether Tread Water
The expected passage of a finance bill will include a steep crypto tax that the industry says will discourage innovation and cost the country some of its technology talent; several major altcoins rise.
Market Wrap: Altcoins Outperform Bitcoin, Traders Cautiously Await Breakouts
Recent price bounces have lacked conviction among crypto traders, especially in the futures market.
BTC Correlation to the S&P 500 Hitting 17-Month High
The debate over bitcoin's value as a digital gold safe haven asset or a risky investment is heating up. As BTC's sensitivity to stock markets increases, concerns that the Federal Reserve's aggressive tightening plans may tip the U.S. economy into recession rise. Christine Lee breaks down the Chart of the Day.
Bitcoin Volatility Could Rise Despite Low Volume
CoinDesk Markets Reporter Damanick Dantes shares insights on BTC’s current price action, highlighting an increasing resemblance to risk asset behavior as bitcoin becomes more sensitive to equities. Plus, a conversation about the potential of volatility increase and bitcoin’s support and resistance levels.
Bitcoin Volatility Could Rise Despite Low Volume
CoinDesk Markets Reporter Damanick Dantes shares insights on BTC’s current price action, highlighting an increasing resemblance to risk asset behavior as bitcoin becomes more sensitive to equities. Plus, a conversation about the potential of volatility increase and bitcoin’s support and resistance levels.
New York State Assembly Committee Moves Forward With Bitcoin Mining Ban
The Environmental Conservation Committee of the New York State Assembly voted in favor of a bill that would ban proof-of-work (PoW) cryptocurrency mining for two years due to energy consumption concerns. “The Hash” hosts discuss the growing politicization of bitcoin and possible ways for the mining industry to respond.
Why El Salvador Postponed Its Bitcoin Bond
El Salvador’s finance minister announced that the country is postponing its $1 billion bitcoin bond offering, which reportedly aims to help fund the “Bitcoin City” project. “The Hash” team discusses El Salvador’s ongoing bitcoin experiment and the international criticism the Central American nation has received from entities like the International Monetary Fund (IMF).
Honduras’ Central Bank Debunks Bitcoin as Legal Tender Rumors
The BCH is, however, studying the feasibility of a central bank digital currency.
