This week, Cointelegraph’s experts discuss the reasons why the crypto market is losing ground after the Ethereum Merge.
We start things off by breaking down the most recent news from the markets this week.
Is this the biggest Fed rate increase in 40 years? Five things you need to know about Bitcoin this week
After the July lows, Bitcoin (BTC), will face another week of “huge” macro announcements. The United States Federal Reserve’s decision regarding key interest rates will be the main event of the week. What will be the reaction of the market to the announcement of new rate increases? Will there be a pump or will the market continue its downward trend? Is $18,000 Bitcoin the new normal? When will we see the bottom? We also discuss the U.S. Dollar index and Ethereum’s post Merge blues. This is an extensive discussion, so be sure to stay for the latest news.
Do Kwon, Terra founder, says he isn’t “on the run.”
Do Kwon did not reveal his location in a series tweets that refuted claims that he had fled Singapore following an arrest warrant being issued on Wednesday. How will this entire mess end? Can all the parties reach a settlement where everyone is satisfied and justice is served? Let us know your thoughts in the comments section and we’ll give a shoutout live!
$160 million taken from Wintermute, a crypto market maker
Wintermute, a UK-based cryptocurrency market maker, was the latest victim to decentralized finance hacks. The company lost approximately $160 million according to Evgeny Gagevoy, its founder and CEO. Another hacker in crypto. We provide all the details and keep you up-to-date about what happened.
Michael Saylor cannot stop: MicroStrategy currently holds 130,000 Bitcoin
MicroStrategy currently owns 0.62% all of the Bitcoin that will be mined. Michael Saylor, the executive chairman of MicroStrategy, announced that they had purchased another 301 Bitcoins for $6 million, at an average price $19,851 per BTC. What did you think of Michael Saylor’s latest move? And what would you do with $6 million worth of excess cash? Comment below to let us know your thoughts on Michael Saylor’s latest move.
We have something fresh and new for you this week. Ray Salmond, our head of markets, will join us and bring with him two special guests. Joe Burnett, Head Analyst at Blockware Solutions and Pierre Rochard (Vice President of Research at Riot Blockchain), both of whom have authored a report about Bitcoin transaction fees, network security, and how attacks against the Bitcoin network might succeed. Marcel Pechman, one of our favourite experts, will join them. You won’t want it to end. It will be an informative and engaging conversation about Bitcoin mining security. In the chat section of YouTube’s livestream, you can ask your questions to our guests.
Next is “Quick Crypto Tips”, which will give beginners to crypto the quick tips they need to make the most of their experience. This week’s tip is about scalping.
We also have insights from Cointelegraph Markets Pro. This platform is for crypto traders who want a competitive edge. Our analysts used Cointelegraph Markets Pro this week to identify Pangolin’s PNG, and Rari Capital’s Rari Governance Token(RGT)
Are you looking for information on a topic or coin that isn’t covered here? Don’t worry. You can join the YouTube chat and ask your questions there. One-month Markets Pro subscriptions worth $100 will be awarded to the person who has posted the most interesting question or comment.
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