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How ‘Taro’ Could Bring Stablecoins and NFTs to Bitcoin
CoinDesk Research Analyst George Kaloudis discusses the announcement of the Taproot-powered protocol Taro (Taproot Asset Representation Overlay). Kaloudis explains Taro’s potential to bring new assets like stablecoins and NFTs to the Bitcoin network and its proposed use of “embedded consensus” technology.
BTC’s 60-Day Correlation With S&P 500 Nears All-Time High
A chart from CoinMetrics indicates bitcoin’s 60-day correlation with the S&P 500 is nearing its all-time high after a dip in late February. Plus, the dollar index (DXY) reaching two-year highs today as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Why Elon Musk Backed Out of Twitter Board Seat
Elon Musk has reversed his decision to join Twitter’s board of directors after becoming the company’s largest outside shareholder and campaigning for the addition of an “edit” button. “The Hash” group discusses a recent SEC filing that might explain Musk’s choice and how the tech billionaire wants to influence the social media platform.
Why LFG's BTC Buying Spree Barely Moved the Markets This Time
The Luna Foundation Guard (LFG) added over $173 million in bitcoin (BTC) to its TerraUSD stablecoin reserves, totaling its holdings to almost 40,000 BTC, or roughly $1.67 billion. “The Hash” group discusses the lack of a bitcoin price reaction to LFG’s purchases, the correlation of bitcoin to traditional markets and the “tribal nature of crypto.”
Why Crypto Assets Are Gaining Popularity Among Black Investors
A recent report by Ariel Investments and Charles Schwab details the growing interest in crypto assets from Black American investors. “The Hash” group discusses the accessibility of digital assets in comparison to the traditional financial markets, efforts to educate communities about opportunities in Web 3, and the current state of cryptocurrency regulation.
Indian Crypto Trading Volumes Collapse, Coinbase Suspends Trading in India
Trading volumes on India’s major crypto exchanges plummeted after new legislation, which imposed a 30% capital gains tax on cryptocurrency transactions, came into effect April 1. Plus, Coinbase’s India operation suspended buy orders due to regulatory uncertainty.
Elon Musk Reverses Decision to Join Twitter Board of Directors
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses Elon’s Musk decision not to take a board seat at Twitter after becoming the largest outside shareholder in the social media platform. Plus, a conversation about New York state’s new budget plans for crypto oversight.
BTC Slips Below $42K, Coinbase Halts Crypto Trading in India
Kapil Rathi, co-founder and CEO of crypto exchange CrossTower, discusses the recent dip in the crypto markets as investors weigh macro factors like the Russia-Ukraine war, rising oil prices and inflation concerns. Plus, a conversation about India’s crypto ecosystem as Coinbase’s expansion in the country is facing obstacles.
How to Best Navigate Crypto Taxes As 2022 Deadlines Approach
CoinLedger Co-Founder & CEO David Kemmerer discusses best practices for crypto taxes, touching on strategic tax-loss harvesting, stablecoins and what software like CryptoTrader.Tax can offer. Plus a conversation about NFTs and CoinLedger’s ambitions to make digital asset taxes easier for traders.
MobiKwik Pulls Crypto Support; Twitter NFT Hacker Strikes Again
Binance wins Abu Dhabi nod for another Middle Eastern outpost. India’s MobiKwik pulls crypto support. South Korea’s president-elect forges ahead with crypto policies. Twitter hacker takes over verified accounts to promote fake Azuki NFT drop. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
