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Singapore Imposes Sanctions; Bitcoin Bucks Market Trend

Binance wins license in Bahrain. Singapore targets designated Russian banks amid sanctions. Bitcoin holds ground despite wider market falls over Ukraine and China concerns. Altcoins to keep a watch on. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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NFT Platform Immutable X Wants to Bring Blockchain Gaming to the Masses, Raises $200M at $2.5B Valuation

Non-fungible token (NFT)-scaling platform Immutable X has raised $200 million in a Series C funding round at a $2.5 billion valuation. Immutable co-founder and President Robbie Ferguson discusses how this could potentially help bring NFT gaming to the mainstream. Plus, the company’s partnership with GameStop, user demographics, the traditional gaming scene and more.

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Kazakhstan Crackdown Forces 106 More Illegal Crypto Mines to Close

Kazakhstan’s crackdown on illegal crypto mines has forced another 106 miners to stop operations, following investigations by the country’s financial monitoring agency. The country represents 20% of the total bitcoin mining capacity, according to CoinDesk’s Research Analyst George Kaloudis.

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Ethereum Builder ConsenSys Raises $450M as MetaMask Tops 30M Users

Ethereum application and infrastructure builder ConsenSys has raised $450 million at a $7 billion valuation. A new batch of investors joined the Series D round including rappers 21 Savage and Young Thug. "The Hash" crew dissects this funding round amid the controversy and lawsuits surrounding the firm, and what this raise means for its flagship products MetaMask and Infura.

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A Post-Dollar World? Saudi Arabia Reportedly Considers Accepting Yuan Instead of Dollar for Chinese Oil Sales

Saudi Arabia is reportedly in talks with Beijing to price some of its oil sales to China in Chinese currency yuan instead of the U.S. dollar. This could dent dollar’s dominance in the global market.

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Shanghai Police Bust $16M Pyramid Scheme Involving Crypto

Police in Shanghai busted more than 10 people in connection with a $16 million pyramid scheme involving cryptocurrencies. It's the city's first cracked case of this sort. "Crypto scams lend itself to what crypto is," says research analyst George Kaloudis. "The Hash" panel dives into this story that again shows the importance of doing your own research.

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Here’s Why the Crypto Market Remains Flat

Bitcoin and other major cryptocurrencies continue to flatline amid the growing Russia-Ukraine crisis and rising inflation in the U.S. Michael Safai, managing partner at quantitative trading firm Dexterity Capital, discusses his reading of the crypto markets and where we’re headed next. Plus, what to expect as investors await the Federal Reserve’s interest rate decision tomorrow.

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Ukraine Launches New Crypto Donation Website, Raises $48M in 1 Day

Bohdan Opryshko, chief operating officer at staking platform Everstake, shares insights into his partnership with the Ukrainian government and crypto exchange FTX for the launch of a new crypto donations website "Aid for Ukraine." The collective effort has already raised over $48 million. Plus, the wider role of crypto in the escalating Russia-Ukraine conflict.

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Fed's Upcoming Interest Rate Hike Could Move Bitcoin Price

Joe DiPasquale, BitBull Capital CEO, shares his bitcoin price analysis as an expected Fed rate hike later this week raises inflation concerns among investors. Plus, a look into the current state of the Hong Kong stock index as it sinks to a six-year low amid a recent COVID-19 outbreak and its potential impact on broader global markets. 

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Swan Bitcoin CEO on EU Bitcoin Bill, Usage of Crypto Amid Russia-Ukraine Conflict

Cory Klippsten, Swan Bitcoin CEO, joins “All About Bitcoin” to discuss a recently rejected proposal in the European Parliament that sought to limit proof-of-work mining due to environmental concerns. Plus, a conversation on how Swan’s technology can facilitate seamless on-ramping into the bitcoin ecosystem and key takeaways from Klippsten’s new book “Bitcoin: Your Bright Orange Future.” 

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