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What Is the Killer Use Case for Stablecoins?
Andy Bromberg, Beam CEO and Eco Protocol contributor answers some rapid fire questions from CoinDesk's Jennifer Sanasie about the first thing he bought using crypto, the issues with fiat currency and provides a simple explanation of stablecoins.
Sen. Cynthia Lummis Says CBDCs 'Are Unnecessary' in the U.S.
Sen. Cynthia Lummis (R-Wyo.) joins "First Mover" to weigh in on the progress for crypto-related legislation in 2024, the aftermath of spot bitcoin ETFs being approved in the U.S. and why the lawmaker thinks a central bank digital currency (CBDC) in America is "unnecessary." A U.S. Federal Reserve decision dents market hopes of a rate cut at its next meeting in March. And, a legal update on FTX and Celsius.
Ripple Was Not Hacked: Here's What Actually Happened
Ripple's XRP token is paring losses on Thursday, after falling by more than 5% following speculation that the network might have been hacked to the tune of $112.5 million. Chris Larsen, Ripple's Executive Chairman, clarified in a post on X that there had been a breach to his "personal XRP accounts," but not to Ripple itself. CoinDesk's Jennifer Sanasie breaks down the details.
Bitcoin Slips as Fed Leaves Rates Unchanged; Celsius to Distribute $3B Crypto to Creditors
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines shaping the industry today, including an update that Celsius will be shipping out more than $3 billion to its creditors as the firm's bankruptcy is officially closed. A U.S. Federal Reserve decision dents market hopes of a rate cut at its next meeting in March. And, FTX customers get a hopeful legal update.
Bitwise Compares Trading Volume of Coinbase and Uniswap
Bitwise Asset Management’s Ryan Rasmussen shared a chart on X that takes a closer look at the difference between trading volume for Uniswap and Coinbase. CoinDesk's Jennifer Sanasie breaks down the details on today's "Chart of the Day."
'Consumer Protection' Is Needed for Crypto Industry, Sen. Lummis Says
Sen. Cynthia Lummis (R-Wyo.) answers some rapid fire questions from CoinDesk's Jennifer Sanasie about guidelines needed in crypto, who the lawmaker has spoken to recently from the digital assets industry and her favorite crypto slang terminology.
Spot Bitcoin ETFs Are Ready for 'Prime Time,' Sen. Cynthia Lummis Says
Sen. Cynthia Lummis (R-Wyo.) reacts to the length of time it took for the Securities and Exchange Commission (SEC) to greenlight spot bitcoin ETFs in the U.S. "The foot dragging at the SEC might have led some to think or given credence to people who say that Bitcoin is backed by thin air. That is absolutely untrue," Lummis said.
Sen. Lummis: My 'Instinct' Is SEC Chair Gary Gensler Understands Crypto as an Asset Class
On CoinDesk's "First Mover" show, host Jennifer Sanasie asked Sen. Cynthia Lummis (R-Wyo.) if Gary Gensler should be replaced as the chair of the Securities and Exchange Commission (SEC) in the wake of the long wait for spot bitcoin ETF approvals in the U.S. "My instinct is that Gensler understands this asset class. And I just am speculating, that his reticence is more political than it is a misalignment of understanding of the fundamentals," Lummis said.
Sen. Cynthia Lummis Is 'Optimistic' About Stablecoin Legislation This Year
Sen. Cynthia Lummis (R-Wyo.) joins "First Mover" to discuss the progress on crypto-related legislation in 2024, the aftermath of spot bitcoin ETFs being approved in the U.S. and why the lawmaker thinks a central bank digital currency (CBDC) in America is "unnecessary."
Crypto Users Lost $126M Due to Hacks and Fraud in January: Immunefi Data
Immunefi is out with a new report that unpacks crypto losses in January 2024. The bug bounty and security services platform reviewed instances where hackers exploited Web3 projects, and found that there was a total loss of $126 million in the first month of the year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."