Minneapolis Fed President Kashkari on Crypto Market: ‘Thousands of Garbage Coins’
CoinDesk’s Nikhilesh De discusses what to make of Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, criticizing bitcoin and cryptocurrency in general. “It’s just a signal of how much the central bank is paying attention to the industry,” De said.
Bitcoin Holds Support Near $43K as Rally Pauses
Michele Schneider, Managing Director at Marketgauge Group, discusses her analysis and outlook for bitcoin as buyers are taking a breather after a near 13% rally month to date. Plus, her take on whale buying, altcoins, and the potential impact of the $1 trillion bipartisan infrastructure bill on the crypto markets.
Key Advisors Group Partner: ‘Bitcoin Has Tremendous Potential Upside’
Eddie Ghabour, co-owner and managing partner at financial planning firm Key Advisors Group, discusses his bullish outlook for bitcoin despite appearing to be stuck in a sideways range. “There is tremendous potential upside here where we are right now,” Ghabour said. Plus, his advice for investors looking to buy cryptocurrencies.
Bitcoin Showing Signs of ‘Short-Term Fatigue’ Near $50K
Bitcoin reveals signs of short-term fatigue near the $50,000 level and is also beginning to flag signs of profit-taking in the short term. Still, BTC is up about 60% year-to-date, thanks to a strong shilling by bullish traders throughout the first half of August.
The Role of Crypto and Blockchain in Geopolitical Conflicts
Amid the deepening crisis in Afghanistan, Jalak Jobanputra, founder of Future Perfect VC, discusses whether bitcoin could be a potential tool for financial freedom in geopolitical conflicts and how it could help empower young women and girls.
Galaxy Digital Files for US Bitcoin Futures ETF
Just months after filing for a bitcoin exchange-traded fund (ETF), Michael Novogratz's cryptocurrency-focused financial services firm Galaxy Digital has filed with U.S. regulators for a bitcoin futures ETF. This comes as SEC Chairman Gary Gensler signaled he preferred ETFs based on bitcoin futures earlier this month at the Aspen Security Forum. CoinDesk's Nikhilesh De discusses the state of bitcoin ETFs in the U.S. as the SEC has yet to approve any of the dozens of applications for crypto ETFs in recent years.
State of Bitcoin: ‘Calm Before the Storm?’
As bitcoin’s short-squeeze rally takes a breather, the world’s largest cryptocurrency by market cap is stalling ahead of the $50,000 resistance level and remains stuck in a sideways range.
Crypto Funds Suffer 6th Week of Outflows Despite Bitcoin Rally
A new report shows investors redeemed a net $22.1 million from cryptocurrency funds last week, the sixth consecutive week of outflows, even as bitcoin and many other digital assets rallied. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Crypto Total Market Cap Tops $2 Trillion for First Time Since May
Alexander Blum, a managing partner at investment firm Two Prime, discusses his analysis and positive outlook for bitcoin and ether as the total market value for cryptocurrencies is back over the $2 trillion mark. Plus, his take on institutional buying and the potential impact of the Afghanistan crisis on the crypto markets.
Bitcoin as Digital Gold?
This Sunday, Aug. 15, will be the 50th anniversary of the end of the Bretton Woods currency system, when then-President Richard Nixon ended the dollar’s convertibility to gold. Half a century later, the emergence of cryptocurrencies begs the question: what is the dollar worth?