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Payments Giant Square Is Changing Its Name to Block
Fintech and digital payments giant Square Inc. has changed its name to Block in a move that reflects changes to its business. This comes just two days after CEO Jack Dorsey told investors he would be resigning as the CEO of Twitter.
Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
Crypto-friendly U.S. Sen. Cynthia Lummis (R-Wyo.) has expressed significant concerns about the crypto track records of Fed Chair Jerome Powell and Fed Governor Lael Brainard, Biden's nominees to head the Federal Reserve for its next term. Lummis is likely to oppose the nominations unless the Fed responds. "The Hash" squad discusses the potential battle brewing in the realm of the Fed and the possible repercussions for crypto regulation across the nation.
I/O Fund Founder: 'Square's Name Change to Block Is a Defensive Move'
Digital payments giant Square Inc. has changed its name to Block. I/O Fund Founder & CEO Beth Kindig discusses the significance underlying this name change, saying, "It's a defensive move ... [and] not a move coming from strength." Plus, evaluating the next big tech stocks and the importance of keeping a "large allocation of bitcoin" in one's financial profile. "Bitcoin is an amazing hedge for inflation," Kindig said.
Is Bitcoin Still Viable as a Safe Haven?
Bitwise Asset Management CIO Matt Hougan discusses his views on whether bitcoin is still considered a safe haven asset as the cryptocurrency continues to retreat. ”Bitcoin is the most effective hedge against long-term inflation and inflationary risks,” Hougan said. Plus, reactions to Fidelity launching a bitcoin spot ETF in Canada.
Crypto CEOs to Testify Before House Financial Services Committee
CEOs from six major cryptocurrency companies will testify at a Dec. 8 hearing of the House Financial Services Committee, announced Wednesday by committee Chair Maxine Waters (D-Calif.). CoinDesk’s Nikhilesh De discusses what to expect.
Cato Institute Exec on the Future of Money and Crypto
James A. Dorn, vice president for monetary studies at the Cato Institute, applauds the private sector for inventing better alternatives to fiat currencies. In his CoinDesk opinion piece titled “Let the Market Come Up With Better Money Tech,” he writes market-based cryptocurrencies should be allowed to proliferate.
Crypto Resilient to Omicron, Japan Speeds Up on CBDC
China's Qihoo 360 builds a crypto mining tracker. Crypto market proving resilient in the face of Omicron concerns. Japan to pick up the pace with CBDC. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
RIOT Blockchain CEO on the State of Bitcoin Mining
The Bitcoin network’s hashrate is near complete recovery from the levels reached before China’s mining crackdown, rising over 80% in the past five months and close to reaching a new all-time high. RIOT Blockchain CEO Jason Les discusses the “reallocation of hashrate around the world” and the wider state of mining.
Is Jack Dorsey Bitcoin's Unsung Hero?
New ByteTree data reveals Square's Cash App has raised $13 billion for the Bitcoin network, suggesting CEO Jack Dorsey is bitcoin's unsung hero. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
ETH Returns Outpacing BTC, S&P 500, DeFi
CoinDesk Director of Professional Content Galen Moore shares insights into how bitcoin has performed since Black Friday when it declined by more than 8% following news of the COVID-19 strain Omicron. Why are the returns for ETH outpacing BTC, S&P 500, and DeFi?