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Stablecoins and Regulators Need to Get Out of the Way: Market Strategist
Path Trading Partners co-founder & Chief Market Strategist Bob Iaccino discusses the technical pattern in the crypto markets. “Bitcoin is temporarily broken out, I see $26,000 in the short term.” Plus, his take on Tether and why he believes regulators need to “make up their minds and get out of the way.”
Legal Expert: Not Enough Money to Go Around Celsius
As a new cashflow statement comes to light in Celsius Network's third bankruptcy hearing, Hodder Law Firm Managing Partner Sasha Hodder says the crypto lender just does not have "enough assets to go around." She adds that this will be particularly damaging for its Earn program customers. Plus, is Celsius still on track to run out of money by October?
Threat of DOJ Examiner Likely ‘Forced’ Celsius Into Action, Legal Expert Says
Crypto lender Celsius’ third bankruptcy hearing on Thursday focused on which customers are eligible to receive funds back. Hodder Law Firm Managing Partner Sasha Hodder discusses the DOJ examiner’s impact on Celsius’ cooperation. Plus, whether Celsius has enough funds after receiving roughly $80 million from maturing loans and tax savings.
Bitcoin Inches Higher After US Adds 315K Jobs in August
Bitcoin was rising Friday after the U.S. added 315,000 jobs in August and the unemployment rate rose to 3.7%. Path Trading Partners co-founder & Chief Market Strategist Bob Iaccino discusses what the Department of Labor’s latest economic data means for bitcoin (BTC) and the wider crypto market.
Ethereum Merge 'Going to Make a Huge Difference' for Energy Consumption: Researcher
The Ethereum Foundation claims the much anticipated Merge this September from proof-of-work to proof-of-stake will reduce the blockchain network's energy consumption by 99.95%. Independent researcher and artist Kyle McDonald discusses the potential impact of the Merge on Ethereum's energy consumption and the implications for NFTs.
Celsius’ Third Bankruptcy Hearing: Who Should Get Their Money Back?
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down Celsius’ third bankruptcy hearing on Thursday which focused on whether custodial account holders should be able to get their funds back.
Merge’s Impact on NFTs
Could Ethereum’s Merge cause chaos for the NFT market as the number of unique NFT buyers falls below 500,000? Host Joel Flynn takes a deep dive into that in this episode of “The Daily Forkast.”
Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds
The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.
What’s Driving Bitcoin Below $20K?
Tactive Wealth Advisor Eddy Gifford discusses the potential factors driving bitcoin’s (BTC) price below the critical psychological level of $20,000, particularly concerns around the “very, very hawkish” monetary policy from the U.S. Federal Reserve. Plus, his take on how the upcoming Ethereum Merge might impact the wider crypto markets.
Bitcoin Exchange Inflows Rise
Centralized exchanges received more than 13,000 BTC on Wednesday, the highest daily net inflow since July 17, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.