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DC AG Suing MicroStrategy's Michael Saylor for Alleged Tax Fraud; Bitcoin Mining Difficulty Increases
The District of Columbia is suing MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor for allegedly never paying any income taxes in the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. Plus, the difficulty of mining a bitcoin (BTC) block increased by 9.26%.
What the New Era of Bitcoin Mining in Texas Could Look Like
The state’s grid operator, the Electric Reliability Council of Texas, is slowing issuance of new permits for miners to connect to the grid. Texas Blockchain Council Director of Bitcoin Analytics Steve Kinard discusses how this is impacting the sector as the difficulty of mining bitcoin increases.
Binance Froze a Wallet Related to Russian Gun Manufacturer
Crypto exchange Binance froze a wallet related to Vladislav Lobaev, a Russian gun manufacturer who raised funds for the country's troops in Ukraine, according to a Lobaev representative and blockchain data analysis. "The Hash" panel discusses the details.
FTX CEO Sam Bankman-Fried Addresses Crypto Bailout Outcomes Amid Recent Market Volatility
FTX CEO Sam Bankman-Fried said in a recent interview with Bloomberg that his crypto bailouts had "mixed" results. "The Hash" panel discusses the deals he made during the market downturn and his visit to the White House in May as lawmakers debated which government agency should be the crypto industry's primary federal market regulator.
a16z Proposes Solution to Licensing Problem for NFTs
Andreessen Horowitz's crypto arm wants to establish an industry standard for NFTs by offering free licensing options in an approach similar to Creative Commons. "The Hash" panel discusses what this means for NFT distribution and intellectual property rights.
Ticketmaster Taps Dapper Labs to Issue NFTs for Live Events
Ticketmaster announces that it will mint NFT tickets through Flow, a blockchain operated by Dapper Labs. “The Hash” panel discusses the details of the partnership and what this means for digital ownership and event organizers.
Coin Metrics Exec on Whether the Merge Makes Ethereum Green
Coin Metrics Head of R&D Lucas Nuzzi explains the essential differences between the energy consumption of proof-of-work and proof-of-stake systems. Plus, why it is difficult to measure the electricity consumption of proof-of-stake protocols.
eToro Consultant Talks Crypto Correlation With Nasdaq Ahead of Historically Bearish September
eToro Crypto Consultant Glen Goodman discusses crypto's correlation with Nasdaq and the lack of buying power in the crypto market. Plus, his crypto outlook as stocks tend to fall in September.
eToro Consultant on Powell’s Jackson Hole Speech: ‘Hawkish as Hell’
Cleveland Federal Reserve President Loretta Mester expects interest rates to rise above 4% in the coming months, according to a CNBC report. eToro Crypto Consultant Glen Goodman explains why the Fed is struggling with taming inflation. Plus, his reactions to Chairman Jerome Powell's Jackson Hole speech.
Ethereum Merge Is Not Driving ETH Price: eToro Crypto Consultant
Proponents of the Ethereum Merge say ether (ETH) has been performing strongly compared to bitcoin in anticipation, but eToro Crypto Consultant Glen Goodman points out that “ethereum really just fell much heavier than bitcoin … in the early months of the year.” Plus, he explains the correlation between the Nasdaq, bitcoin and ether.