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Charlie Munger Calls for US Crypto Ban; Coinbase Shares Jump as Crypto-Related Stocks Continue Post-Fed Rally
Berkshire Hathaway (BRK) Vice Chairman and staunch bitcoin skeptic Charlie Munger has called for the United States to follow in the footsteps of China and ban cryptocurrencies. And, the latest on Coinbase (COIN) shares jumping more than 20% after the Federal Reserve’s latest interest rate hike.
Bitcoin, S&P 500 Near Bullish ‘Golden Cross’ Signal
Bitcoin (BTC) and Wall Street's benchmark equity index, the S&P 500, are on the verge of hitting the golden cross. This easy-to-track bullish technical signal that might motivate trend-following crypto traders to hit the market with fresh bids, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
FTX's Liquid Assets 'Not Centralized At All': Legal Expert
Hodder Law Firm Founder and Managing Partner Sasha Hodder discusses the whereabouts of bankrupt crypto exchange FTX's liquid assets worth at least $5 billion. "It's spread across thousands of different places right now," Hodder said. "It's not centralized at all."
PleasrDAO Auctions Couch From Famous Doge Meme
PleasrDAO has unveiled its newest live auction featuring the real-life couch sat upon by Kabosu, the famous Shibu Inu who spawned memes, coins, and more. "The Hash" panel discusses the latest story turning heads in the meme economy.
Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool
Independent developer, Udi Wertheimer, claims he minted a giant image of what appears to be a bald, bearded wizard donning sunglasses and promoting “magic internet JPEGs” on the Bitcoin blockchain via the Ordinals protocol. His announcements in the Discord channel “taprootwizards.com” and on Twitter sparked further flames of division between Bitcoin purists and Ordinals proponents. "The Hash" panel weighs in.
Berkshire Hathaway’s Charlie Munger Calls Cryptocurrency a 'Gambling Contract'
In an opinion piece in the Wall Street Journal, Berkshire Hathaway (BRK) Vice Chairman and staunch bitcoin skeptic, Charlie Munger called for the United States to follow in the footsteps of China and ban cryptocurrencies. "The Hash" panel discusses Munger's latest criticism of digital assets in his long-standing history of opposition against the crypto industry.
Facebook Parent Meta’s Metaverse Unit Lost $13.7B Last Year
According to its earnings release Wednesday, Meta Platforms (META)'s Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations, lost $13.7 billion in 2022. "The Hash" panel discusses the outlook for Meta's metaverse ambitions.
Oxhead Alpha President on Blockchain Outlook
Oxhead Alpha president Andrew Smith discusses his outlook on blockchain adoption and research as policymakers, including California's Governor Newsom, continue to explore their approach to crypto regulation.
How California's DMV Aims to Modernize Car Title Management Via Tezos
Oxhead Alpha is partnering with California's DMV with the aim of modernizing vehicle titling solutions based on the Tezos blockchain. Andrew Smith of Oxhead Alpha explains the choice behind Tezos, referencing the blockchain's governance structure.
Market Is Revisiting Pre-Pandemic Sentiment: Portfolio Manager
In his post-FOMC meeting press conference, Federal Reserve Chair Jerome Powell said the disinflationary process has started. NewEdge Wealth Senior Portfolio Manager weighs in on that statement, saying, "not this year, maybe not even next year, but the year after we'll be in some mild deflation scenario."