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Bollywood Icon’s Tax Bill; Metaverse Fashion Week Opens
China’s ZTE registers metaverse trademarks. Indian superstar Amitabh Bachchan chased over NFT tax. Decentraland offers a glimpse into the future of fashion at its Metaverse Fashion Week. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin as an Economic Lifeline Amid Russia-Ukraine War
Human Rights Foundation’s Alex Gladstein explains the crucial role of cryptocurrency in the Ukraine war as displaced Ukrainians turn to digital assets for storage of funds.
NFL Permits Blockchain Deals But Crypto Promotion Remains Banned
The National Football League will now allow teams to pursue sponsorship deals with blockchain companies but still restricts the direct promotion of cryptocurrencies to mitigate the risk of promoting scams.
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.
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.
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.
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.
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).
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.
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.
