USD Tether Market Cap Movement Correlates with Bitcoin Price Trend
The tether stablecoin (USDT) money printer has gone quiet over the past few weeks, which coincides with bitcoin's lackluster performance of late. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Are GBTC Unlockings Bullish or Bearish for Bitcoin?
As investors anticipate one of the largest Grayscale Bitcoin Trust (GBTC) unlocking periods due this weekend, CoinDesk's Christie Harkin and Brad Keoun discuss whether the unlock will be bearish or bullish for bitcoin's price. "In all things being equal, it's probably positive for bitcoin," Keoun said. Plus, Square is potentially launching a new bitcoin platform for decentralized financial services.
What’s Next for Bitcoin as It Heads for Lowest Weekly Close Since June
Bitcoin is headed for its lowest weekly close since June 14 and remains in a lull into the weekend.
Bank of America Reportedly Approves Bitcoin Futures Trading for Some Clients
Bank of America, the second-largest bank in the U.S., has approved the trading of bitcoin futures for some clients, according to CoinDesk's sources. "The Hash" hosts discuss Bank of America delving into the world of bitcoin futures despite a summer lull in the crypto markets. "It's interesting that we're not seeing institutional momentum necessarily slow down," host Zack Seward said.
Square to Create New Bitcoin Platform for Decentralized Financial Services
Payments services firm Square will open a new business focused on creating an “open developer platform” to make it easier to provide non-custodial, decentralized financial services, CEO Jack Dorsey said Thursday in a series of tweets. The division’s “primary focus” would be bitcoin.
Bitcoin Interest Declines, Rolling Stone Gets Into NFTs
China clampdown hits crypto media aggregator. Bitcoin interest declines. Rolling Stone magazine gets into NFTs. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
eToro Exec: Institutional Adoption of Bitcoin Has 'Barely Begun'
Bitcoin is headed for its worst weekly close in over a month. eToro Global Macro Strategist Ben Laidler highlights the indicators he's watching for bullish momentum around bitcoin. "The big driver I'm looking at is the institutional adoption story, which I think has barely begun," Laidler said, suggesting the positive long-term outlook. "We haven't even scratched the surface."
Timothy Massad: Bitcoin ETFs Could Lead to Greater Regulation
Responding to Sen. Elizabeth Warren’s call for SEC to clarify its role on crypto regulations, former CFTC Chairman Timothy Massad suggests that the SEC, despite not having direct authority to regulate crypto exchanges, could approve bitcoin ETFs as a way to “bring some regulatory standards.”
Bitcoin’s Pullback Is a Buying Opportunity, Says PolySign Exec
Jack McDonald, CEO of digital asset infrastructure firm PolySign, discusses why bitcoin's pullback is a healthy sign for the crypto markets. "The hodlers and people who have a longer-term view around this emerging asset class have to view this as a buying opportunity," McDonald said. Plus, whether institutional investment activity in crypto is starting to slow down.
Plan B Passport Offers Citizenship Services for Crypto Investors Seeking Tax Havens
Katie Ananina is the founder of Plan B Passport, a business that works primarily with Bitcoiners to obtain legal residency status in their choice of six tax-haven nations. She discusses how her company could potentially help people avoid paying crypto taxes.