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Former Bitcoin Core Developer Jeff Garzik on Future of Web3 and Entertainment

NextCypher Productions founder and Bloq co-founder Jeff Garzik discusses his expectations for NFT NYC 2023 and his outlook for the future of Web3 in the entertainment space. Garzik, who was also a Bitcoin core developer, shares his insights on the largest cryptocurrency by market capitalization breaking above $30,000 and his take on Bitcoin Ordinals.

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Bitcoin Breaking Above $30K Was a ‘Significant Barrier’: Analyst

Bitcoin (BTC) surpassed $30,000 for the first time since June 2022. eToro Market Analyst Josh Gilbert breaks down the recent rally in the largest cryptocurrency by market capitalization. Plus, insights on how the crypto markets could react to recent actions from regulatory officials and a closer look at the upcoming Ethereum Shanghai upgrade.

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Bitcoin Faces Low Risk of 'Liquidations-Induced' Price Volatility After 2023 Rally

Bitcoin (BTC) has surged 70% this year, hitting nine-month highs of over $29,000. While the sharp rally has brought the derivatives market back to life, the overall use of leverage remains muted, suggesting a low risk of "liquidations-induced" wild price swings. George Kaloudis presents "The Chart of the Day."

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Crypto Exchange Bitget Launches $100M Fund Targeting Asia-Focused Web3 Startups

Seychelles-based crypto exchange Bitget has started a $100 million fund targeting Web3 startups as Asian countries build a framework for developing Web3. "The Hash" panel discusses the potential outcomes and the future of crypto in Asia.

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Sushi DEX Recovers Some Funds After $3.3M Weekend Exploit

Decentralized finance protocol SushiSwap has recovered $186,000 worth of ether (ETH) that a hacker drained from one of its users’ wallets following a $3.3 million exploit this weekend, according to a Sunday tweet from blockchain security firm Blocksec. "The Hash" panel discusses the crypto industry's latest exploit victim and what this means for the Sushi community.

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Debate Over the Environmental Impact of Bitcoin Mining Escalates

The New York Times' latest article, "The Real World Costs of the Digital Race for Bitcoin," examines the environmental impact of bitcoin mining operations on electrical energy consumption and pollution. "The Hash" panel discusses the latest report fueling the ongoing bitcoin energy debate.

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CryptoGPT Reaches $250M Valuation After $10M Raise

Zero-knowledge (ZK) layer 2 blockchain CryptoGPT has cashed in on the recent surge in interest around artificial intelligence (AI) to raise $10 million in funding. The Series A round, which was led by market maker DWF Labs – which has emerged as one of the most active investors during the crypto bear market – gave the AI-focused blockchain a $250 million valuation, according to a statement. "The Hash" panel discusses the outlook for the intersection of crypto and AI.

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TRM Labs Exec on Future of Crypto Regulation, Treasury’s Warning on DeFi

The U.S. Treasury Department is out with a new report warning that decentralized finance (DeFi) services that aren’t compliant with anti-money laundering and terrorist financing rules pose “the most significant current illicit finance risk” in that corner of the crypto sector. TRM Labs Head of Legal and Government Affairs Ari Redbord breaks down the Treasury Department's first analysis of hazards in the DeFi space. Plus, his outlook on the crypto regulatory framework in the U.S.

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U.S. Treasury Says DeFi Needs to Comply With Anti-Money Laundering Rules in New Report

The U.S. Treasury Department released a 40-page report stating that DeFi needs to comply with anti-money laundering rules. TRM Labs Head of Legal and Government Affairs Ari Redbord unpacks this report titled "Illicit Finance Risk Assessment of Decentralized Finance." He added, "DeFi is disintermediated...and that's the paradox we have here."

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'Shapella' Upgrade Likely to Be a 'Nonevent' for ETH Price: Ether Capital CEO

Ether (ETH) sits around $1,800 as market participants eye Ethereum’s April 12 "Shapella" upgrade, which aims to permit staked ETH withdrawals. Ether Capital CEO Brian Mosoff shares his expectations, saying, "this is going to be a nonevent in terms of price."

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