About this week’s The Marketplace Report show, Cointelegraph’s resident experts discuss exactly what the ramifications could be if Grayscale Bitcoin Trust would collapse.
Starting off this week’s show using the latest news within the markets:
GBTC next BTC cost black swan? — 5 items to know in Bitcoin now
Bitcoin (BTC), the biggest cryptocurrency, much like all of those other crypto industry, remains highly prone to downside risk because it continues to handle the fallout in the implosion of exchange FTX.
Contagion may be the word on everyone’s lips as November grinds on — similar to the Terra collapse captured — and fears are that new victims of FTX’s giant liquidity vortex continuously surface. Grayscale Bitcoin Trust (GBTC) appears to be everyone’s radar now for the wrong reasons. Could it be the following black swan event? We break lower every detail surrounding GBTC to help keep you up-to-date.
Data shows traders are slightly bullish even while crypto’s total market cap falls under $800B
The entire crypto market capital has dropped under $800 billion, but data highlights a couple of explanations why some traders are bullish. Our personal Marcel Pechman breaks lower why some traders are really bullish, a sentiment that appears highly counter-intuitive. Marcel has some excellent causes of this, so make certain you stay tuned to discover.
Cardano to produce new algorithmic stablecoin in 2023
Proof-of-stake blockchain platform Cardano has partnered with Coti, a directed acyclic graph-based layer-1 protocol, to produce what it really describes being an overcollateralized algorithmic stablecoin. The work stated within an announcement presented to Cointelegraph the stablecoin could be supported by excess collateral by means of cryptocurrency kept in a reserve. Will we need another stablecoin? How can that one differ in the existing stablecoins already in circulation?
CoinMarketCap launches proof-of-reserve tracker for crypto exchanges
CoinMarketCap, a number one market investigator and tracker within the crypto industry, announced the launch of the new feature on its platform that provides users updated financial insights on exchanges.
The evidence of reserves (PoR) tracker audits active cryptocurrency exchanges in the market for transparency on liquidity in a given moment. Based on the announcement, the tracker details the entire assets of the organization, and it is affiliated public wallet addresses, combined with the balances, current cost and values from the wallets. Our experts break lower the requirement for this type of oral appliance the way it helps the.
Have you got a question in regards to a gold coin or subject not covered here? Take it easy. Join the YouTube chat room and write the questions you have there, and we’ll make certain to help you get your solutions.
The Marketplace Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so make sure to mind on to Cointelegraph’s YouTube page and smash individuals Like and Subscribe buttons for those our future videos and updates.
