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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.

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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.

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Відео

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.

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Відео

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.

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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). 

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Renewable Crypto Mining in the Italian Alps

As part of CoinDesk’s Mining Week content, Regulatory Reporter for Europe Sandali Handagama explains how crypto mining firms like the Alps Blockchain are using renewable hydropower in the mountainous regions of Italy. Handagama addresses the broader narrative of eco-friendly mining and the debate in the European Parliament on proof-of-work.

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Olympian Apolo Ohno Explains Why Athletes Love Crypto

Olympic speed skater and Web 3 enthusiast Apolo Ohno discusses the growing involvement of athletes in crypto spaces through NFT projects and other ventures. Ohno explains his investment strategy with San Francisco VC firm Tribe Capital and the lessons learned from the 2021 Hybrid Trade lawsuit.

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Відео

Economist: Gold and the Yuan Are Being Used for Sanctions Evasion, Not Crypto

European Central Bank Chief Christine Lagarde is raising concerns regarding cryptocurrency being used for sanctions evasion, and Tressis’ Daniel Lacalle explains why he believes other alternatives like the Chinese yuan and gold are being used for the same purpose. Plus, a conversation on the state of Russia’s economy as the war in Ukraine wages on.

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Fusang Defers IPO; Yuga Labs Hits $4B Valuation

Malaysia’s Fusang defers security token IPO. Support for home-grown NFTs grows in China. Australian Blockchain Week dives into intellectual property rights. BAYC creator Yuga Labs raises valuation to $4B. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Відео

Can Lasers Make Bitcoin Mining More Eco Friendly?

As part of CoinDesk’s Mining Week coverage, CoinDesk’s George Kaloudis presents a study suggesting that lasers could be used to create an “optical proof-of-work” consensus, potentially increasing the accessibility of mining and reducing energy consumption.

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