Vaneck’s director of digital assets strategy has explained why people tend to underestimate the long-term impact of spot bitcoin exchange-traded funds (ETFs). He believes that upon the approval of a U.S. spot bitcoin ETF by the Securities and Exchange Commission (SEC), “bitcoin’s price trajectory could follow gold’s blueprint from 2004 and the years after, just much … [Read more...] about Vaneck Director: People Tend to Underestimate Long-Term Impact of Spot Bitcoin ETFs
Impact
‘China’s crypto ban had little impact on Neo,’ says organization’s developers
Once hailed as the "Ethereum of China," Neo's token price has fallen on hard times ever since the world's most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo's developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or … [Read more...] about ‘China’s crypto ban had little impact on Neo,’ says organization’s developers
The House Looks Into Crypto's Energy Impact
A House committee will take a look at crypto and its energy requirements this week. It’s another congressional look at crypto.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Yet another crypto hearingThe narrativeCrypto’s energy use has been under … [Read more...] about The House Looks Into Crypto's Energy Impact
Crypto Options Market Starting to Have Material Impact on Spot Market: QCP Capital
While a correlation between equities and crypto has become more apparent during the last year, Singapore’s QCP wrote that there is a limit to this correlation because of the increasing importance of the crypto options market.As the bitcoin and ether markets followed the bearish sentiment of the equities market as the week began, bitcoin and ether tumbled below $40,000 and … [Read more...] about Crypto Options Market Starting to Have Material Impact on Spot Market: QCP Capital
Bitcoin Slips To 3-Month Low, Analysts Divided on Impact of Fed’s Tightening
On Thursday, the U.S. two-year treasury yield, which mimics short-term interest rate and inflation expectations better than the 10-year yield, rose to a 22-month high of 0.87%. The short-term yield has more than doubled to 0.76% in the past quarter, according to TradingView. The yields may rise further if the U.S. non-farm payrolls data scheduled for release at 13:30 UTC on … [Read more...] about Bitcoin Slips To 3-Month Low, Analysts Divided on Impact of Fed’s Tightening