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Nike Purchases NFT Fashion and Collectibles Startup RTFKT
NFT collectibles and fashion startup RTFKT has been acquired by multinational footwear behemoth Nike. Nike has been exploring blockchain tech since 2019, including patenting tokenized shoes. "The Hash" team discusses the implications for Nike making a major move into the metaverse in another step that accelerates Nike's digital footprint.
Sen. Warren Taking Aim at Stabelcoins During Senate Banking Committee Hearing
The Senate’s Banking, Housing and Urban Affairs Committee convened Tuesday to discuss stablecoins and the wider cryptocurrency space. Sen. Elizabeth Warren (D-Mass.) takes aim at stablecoins, saying it’s “propping up one of the shadiest parts of the crypto world…where consumers are least protected from getting scammed.”
The Evolution of DAO And What Mainstream Media Gets Wrong About Crypto
Matt Leising, the co-founder of blockchain tech firm DeCential, discusses the potentially false narratives about crypto in the media. Plus, insights into the evolution of decentralized autonomous organizations (DAOs), thoughts on the ConstitutionDAO project, and views on stablecoins.
Crypto Traders Laying Low While Fed Ponders
The crypto market extended its losses Wednesday as investors closely monitor the Fed's upcoming decision on raising interest rates next year. Edan Yago, lead contributor at bitcoin-focused DeFi platform Sovryn, discusses his view of bitcoin and DeFi. "The big picture of bitcoin hasn't changed," Yago said. "Inflation is still necessary to continue ... [but] there's been something of a pullback as the market waits to see what's happening."
Astro Boy NFTs Sell Out, Virtual Land Market Heats Up
China penalizes 48 people over Zhejiang province crypto mining activities. Nostalgia hits NFTs as the Astro Boy collection sells out. Virtual land market heats up. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Institutional Bitcoin Broker NYDIG Valued at $7B After Whopping $1B Funding Round
NYDIG, which offers bitcoin trading and custody, has raised $1 billion that will value the firm at over $7 billion. “The Hash” hosts discuss what could be the largest funding round in crypto history as NYDIG moves to expand bitcoin’s reach into every industry potentially.
Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan
Dogecoin surged as much as 33% after Tesla CEO Elon Musk tweeted the electric-car maker would accept the cryptocurrency as payment for its merchandise. This comes as Tesla experimented with bitcoin earlier this year. "The Hash" team discusses Musk's latest tweet moving the crypto markets in an ongoing testament to his influence.
Should You Get Your Paycheck Through Bitcoin’s Lightning Network?
Bitwage, a payroll processor that uses Bitcoin’s “layer 2” scaling solution, the Lightning Network, processed the world’s first salary payment via Lightning last week. Bitwage co-founder and CEO Jonathan Chester shares insights into how it all works and who’s using the service.
Fear and Greed Index Signals ‘Extreme Fear’ as Fed Meeting Looms
The Fear and Greed Index, a tool used by some investors to gauge the market, has now signaled “extreme fear” for almost one month straight. Bitcoin was lower as the market prepares for this week’s Federal Reserve monetary policy meeting, where the U.S. central bank is expected to slow down its money printer.
Why Bitcoin Is ‘In a Great Moment’ Despite Tumbling Ahead of Fed Meeting
Marcelo Sampaio, CEO & co-founder of crypto asset manager Hashdex, discusses his bullish outlook for bitcoin despite investor jitters growing over the upcoming Fed decision on combating inflation. Plus, the state of crypto in Latin America and thoughts on stablecoins following Tuesday's Senate Banking Committee hearing.