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Stablecoin issuer Tether will regularly buy bitcoin (BTC) for its stablecoin reserves using about 15% of its realized profits starting this month as part of a new investment strategy focused on the largest cryptocurrency by market capitalization, the firm announced on Wednesday. "The Hash" panel discusses what to make of Tether's BTC purchase campaign and the broader implications for the stablecoin market.

May 17, 2023

The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions. But legal experts suggest the state’s effort is nonsensical and potentially harmful for the digital assets sector DeSantis said he’s trying to protect. "The Hash" panel discusses the outlook for Florida's central bank digital currencies (CBDC) "ban."

May 17, 2023

100-odd crypto companies fleeing U.S. regulatory uncertainty are "welcome" in France and could be registered in the country as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said. "The Hash" panel discusses what this means for the global crypto industry.

May 17, 2023

Following his testimony at a U.S. Senate hearing on artificial intelligence oversight Tuesday, New York University professor emeritus Gary Marcus discusses his thoughts on the potential global regulatory structure of AI. "I don't think that there's going to be 100% convergence, there's obviously going to be political compromises to be made and so forth," Marcus said.

May 17, 2023

Fresh off a $9 million funding round, Pudgy Penguins CEO Luca Netz discusses the road to mass adoption. "IP is going to be the trojan horse for really bringing hundreds of millions of people in to crypto and into Web3," Netz said.

May 17, 2023

Galaxy Digital CEO Mike Novogratz recently said he plans to move more of his company's operations off shore, due to the challenging regulatory climate in the United States. Galaxy Digital's global head of trading Jason Urban weighs in on the current regulatory climate, noting "this is a game inside of crypto that we've all known for a long time."

May 17, 2023

85 of the 156 assets in the CoinDesk Market Index have returned positively this week, but the market-weighted index is down 1.5% due to the relative underperformance of BTC (-2%) and ETH (-1.8%). Defiance ETFs CEO Sylvia Jablonski shares her crypto markets analysis as investors eye discussions around the debt ceiling this week in Washington, D.C.

May 17, 2023

XRP token is on the rise after a federal judge ruled that the U.S. Securities and Exchange Commission cannot seal documents tied to former official William Hinman's 2018 speech on crypto and securities to Ripple in the ongoing lawsuit. That story and other news shaping the cryptocurrency world are in this episode of "The Daily Forkast."

May 17, 2023

A federal judge ruled that the U.S. Securities and Exchange Commission cannot seal documents tied to former official William Hinman's 2018 speech on crypto and securities to Ripple in the regulator's ongoing lawsuit against the company closely associated with the XRP cryptocurrency. CoinDesk Global Policy and Regulation CoinDesk Managing Editor Nikhilesh De discusses the latest developments surrounding the world of crypto regulation.

May 17, 2023

Artificial intelligence (AI) took center stage on Capitol Hill on Tuesday, as industry leaders testified before lawmakers about the potential risks and opportunities at a Senate subcommittee hearing. Gary Marcus, professor emeritus at New York University, who was also one of three witnesses to testify, discusses the key takeaways from the hearing and the future of AI regulation.

May 17, 2023