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Omicron Hits Markets, Japanese Novel Released as NFT
Singapore’s Coinstore enters India despite ongoing regulatory wrangling. Crypto markets hit by Omicron variant. Japanese sci-fi novel Pure released as NFT. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin’s Hourly Chart Signals Possible Bull Run Ahead
Bitcoin’s recovery has taken the shape of a bull flag on the hourly chart. A breakout could accelerate the recovery, perhaps bringing a re-test of $60,000. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Returns Above $58K as Momentum Improves
Bitcoin recovered some of its losses from the “Black Friday” shopping day when it declined by more than 8%, following news of a novel COVID-19 strain called Omicron. 3iQ Digital Assets President Chris Matta discusses the potential drivers moving prices higher as the cryptocurrency is trading over $58,000, up nearly 6% on the day.
DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake COVID Variant Emerges
OMIC, the native coin of decentralized reserve currency protocol with the same name as the newly detected COVID variant Omicron, picked up a bid near $70 late Friday and rose as high as $711 Sunday. "The Hash" hosts discuss the rally as the latest possible evidence of peak irrationality.
Jack Dorsey Resigns as CEO of Twitter
Jack Dorsey is now the former bitcoin-friendly CEO of Twitter. Dorsey's role at payments company Square remains unchanged. "The Hash" panel discusses what this means for Twitter and where Dorsey could head next. Could he be focusing more on his bitcoin advocacy?
Expanding the Use Cases of NFTs, Bitcoin’s Blockchain
Hundreds of developers from around the world are building on Stacks, a network of decentralized apps (dapps) and smart contracts atop Bitcoin. But is it a good idea to expand the use of the Bitcoin network, such as minting NFTs?
Celsius CFO Arrested on Charges Tied to Former Job at Moshe Hogeg’s Firm
Yaron Shalem, the chief financial officer of cryptocurrency lending platform Celsius, was one of the seven people arrested in Tel Aviv this month in connection with Israeli crypto mogul Moshe Hogeg. Hogeg was arrested last week on money laundering and other charges.
Buying the Dip? Microstrategy, El Salvador Acquire More Bitcoin
While bitcoin’s price fell about 8% Friday around $54,237, MicroStrategy said it bought 7,002 bitcoins for about $414 million in cash during its fiscal fourth quarter. Similarly, El Salvador’s President Nayib Bukele said he bought 100 more bitcoins at “a discount” as broader markets tumbled on new COVID-19 variant fear.
‘The Elon Musk Effect’ on Cryptocurrency Markets
Tesla CEO Elon Musk’s tweets have tended to impact the price movement of cryptocurrencies. Following his comments in January, dogecoin’s value grew by about 216% following his remarks, and at one point in May, the entire crypto sector lost nearly $1 trillion. What is the extent of his influence on the crypto markets?
Steve Aoki and Todd McFarlane on Significance of NFT Movement to Artists
How can NFT communities join together to make an impact? Steve Aoki, legendary producer and DJ with over 2.8 billion streams, and Todd McFarlane, co-creator of the “Venom” character from “The Amazing Spiderman,” discuss their views on the importance of NFT communities and digital collectibles in the world of music, traditional art, and beyond.