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Bitcoin Hovers Below $25K After Notching ‘Golden Cross' Earlier This Week

Verified Investing Crypto Chief Market Strategist Gareth Soloway joins "All About Bitcoin" to discuss bitcoin's recent price action as crypto traders react to the latest regulatory developments in Asia and the U.S. Plus, his bitcoin price outlook as the largest cryptocurrency by market capitalization notches a "golden cross."

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Bitcoin's 'Golden Cross' Explained

Bitcoin has officially notched a "golden cross," an easy-to-track bullish technical signal indicating that the market's short-term gains have surpassed its long-term gains. Plus, data from Arca Research shows that the past week has seen a growing narrative of Asian flows leading the market strength following signals of more positive crypto regulations in Hong Kong. "All About Bitcoin" host Christine Lee presents "The Chart of The Day."

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Decentralized Layer 1 Blockchain The Open Network Releases Governance Platform

Decentralized layer 1 blockchain The Open Network has released its governance platform to the public, prompting a surge in Toncoin (TON) trading activity. The governance platform, dubbed Ton.vote, was developed in tandem with layer 3 blockchain infrastructure provided by Orbs. The integration with Orbs ensures tamper-proof voting across Ton.vote. "The Hash" panel discusses what this means for the Toncoin community.

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Developers Forking Bitcoin Ordinals to Give Litecoin Network Its First NFTs

Developers are forking Bitcoin ordinals to give older proof-of-work networks such as Litecoin their first set of non-fungible tokens (NFTs). "The Hash" panel discusses what this suggests about the impact of the Ordinals movement on the wider crypto ecosystem.

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Gonzalez vs. Google Supreme Court Case Could Shape Future of the Internet

The U.S. Supreme Court is hearing oral arguments for Gonzalez vs. Google, which has the potential to shape the future of the internet. It focuses on Section 230, a federal law that has for decades largely protected big tech platforms from not being held responsible for what their users choose to post online.

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BIS Report Highlights How Retail Investors Fared After FTX's Collapse

While most crypto app users worldwide lost money on their bitcoin holdings after last year's collapses of the Terra ecosystem and the FTX exchange, investors outside of major economies took the biggest hit, the Bank for International Settlements said in a report published on Monday. "The Hash" panel discusses the key takeaways and what it suggests about the impact of the recent crypto contagion.

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Custodia Bank Resumes Push for Fed 'Master Account' After Rejection

Custodia Bank filed an amended complaint against the Federal Reserve last Friday, weeks after the Fed rejected the bank's effort to secure a "master account" and become a member of the Federal Reserve System. Founder and CEO Caitlin Long said Custodia Bank has been "disparaged by powerful regulators and politicians," adding, "we did nothing wrong."

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Polygon Labs Has Cut Around 100 Jobs

Polygon Labs, the Ethereum scaling platform, has cut around 100 jobs or 20% of its workforce, the firm said on Tuesday. "First Mover" hosts weigh in on the latest layoff announcement in the crypto space.

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Tribe Capital Managing Partner on VC Funding Outlook for Centralized Exchanges

Tribe Capital Managing Partner Boris Revsin discusses the outlook for venture capital (VC) funding into centralized exchanges in the wake of the FTX collapse. "We're quite bullish that we're going to get over this hump," Revsin said. "But it's painful right now."

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Bitcoin Has Risen 47% So Far In 2023

Bitcoin (BTC) has had a strong start at the beginning of 2023, outperforming other traditional risk assets. However, the bullish momentum has stalled since Feb. 16, with the cryptocurrency failing multiple times to secure a foothold above the $25,000 mark. This comes as the U.S. Securities and Exchange Commission (SEC) is taking aim at crypto exchanges like Kraken. Teddy Fusaro, Bitwise Asset Management President, weighs in on market sentiment saying, "the regulatory developments are positive."

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