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Michael Saylor Slams Altcoins, Urges Regulation Over Crypto’s ‘Parade of Horribles’
Microstrategy CEO and bitcoin (BTC) whale Michael Saylor is calling on regulators to tackle altcoins, or a “parade of horribles,” saying BTC is getting caught in the crossfire of a collapsing market and risky crypto industry practices. “The Hash” team reacts.
SEC’s Hester Peirce Does Not Support Bailouts for Crypto Industry
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce told Forbes Tuesday she does not support bailouts for the crypto industry, and the recent market crash could give the space a more sustainable foundation for the future. “The Hash” panel digs into the assessment.
FaZe Clan Exec: Crypto Will Play ‘Major Part’ in Business
Popular esports and gaming brand FaZe Clan is entering the crypto space. FaZe Clan Chief Strategy Officer Kai Henry discusses the company’s crypto and Web3 ambitions, addressing security concerns regarding the metaverse and influencer culture.
Republicans Seek to Counter Effort to Curtail Crypto Mining
Republican lawmakers wrote to the Environmental Protection Agency (EPA) last week to counter an earlier message from Democrats, urging the regulator to look more closely at the potential environmental effects of crypto mining. CoinDesk’s Nikhilesh De unpacks the latest in the U.S. crypto mining landscape.
Prime Trust CFO on $100M Raise to Expand Into New Offerings
Financial infrastructure innovator Prime Trust has raised over $100 million in a Series B funding round. Chief Financial Officer Rodrigo Vicuna shares insights into growth plans and what they mean amid a sour mood in the crypto markets.
Cardano Delays Upgrade; Shib and Doge Make Gains
Valar Ventures-backed Vauld to lay off 30% of staff. Cardano postpones Vasil upgrade, citing bugs and abundance of caution. Dogecoin gains after Musk tweet amid slow market recovery. BTC Markets first crypto firm to receive Australian financial services license. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Doodles CEO on Pharrell Partnership, First Funding Round Led by Reddit Co-Founder
Pharrell has joined popular NFT project Doodles as the new Chief Brand Officer, also serving as executive producer on Doodles’ first music release in partnership with Columbia Records. Doodles CEO Julian Holguin shares his insights, along with the latest fundraise led by Reddit co-founder Alexis Ohanian, the new Doodles 2 collection and its competition.
ProShares to List First US Short Bitcoin ETF on NYSE
Investment product provider ProShares is set to list the first U.S. exchange-traded fund (ETF) allowing investors to bet against the price of BTC. ProShares Global Investment Strategist Simeon Hyman shares insights, saying "it's really hard to short bitcoin ... so offering this is an opportunity for regular retail folks."
Big Outflows Spotted From Exchanges to Private Wallets
Big outflows were spotted Monday from exchanges to private wallets, according to data from Glassnode. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
New Crypto Bill Could Positively Impact US Bitcoin Miners
Volt Equity Head of Research Nelson Hsieh discusses a sweeping new bill intended to specify the rules and roles for crypto regulation, and its potential positive impact on U.S. bitcoin miners.