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China Crackdown Legal Concerns, Korea Discusses Virtual Asset Law
Crypto gets a new superstar - Mr. Goxx, the hamster. China's crypto crackdown raises legal concerns. Korea discusses new virtual asset law. We'll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Bitcoin Eyes Biggest Monthly Price Decline Since May
Despite trading 2.8% higher Wednesday at $42,200, bitcoin is eyeing a 10% monthly decline, the biggest loss since May. Richard Johnson, founder and CEO of FINRA and SEC-registered broker-dealer Texture Capital, discusses his outlook for bitcoin, the potential impact of China's crypto ban on the markets, DeFi, and smart contract protocols.

Kraken to Pay $1.25M Fine After Settling Charges With CFTC
Crypto exchange Kraken will pay $1.25 million to settle charges with the Commodity Futures Trading Commission (CFTC). It offered illegal margined digital asset transaction services and did not register as a futures commodity merchant (FCM) with the regulatory agency.

Bitcoin Declines From Resistance, Approaches $40K Support
Bitcoin is trapped in a narrowing price range and is trading lower after sellers responded to resistance near $45,000. Support is nearby at $40,000, which could stabilize the pullback. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

CleanSpark CEO on Impact of China’s Crypto Ban on Mining, Global Markets
Following China’s move to make crypto mining explicitly illegal within its borders, Alibaba will stop selling mining equipment on its platforms, and Bitmain will halt all machine sales to mainland Chinese miners.

Vincere Wealth Exec.: ‘The Story of the Decade Is Bitcoin Adoption’
As bitcoin slides, Isaiah Douglass, management partner at financial advisor Vincere Wealth, discusses his crypto markets outlook, explaining why “the story of the decade is adoption in bitcoin.” Plus, insights into his client base, advice for investors, and his view that bitcoin is default insurance for fixed income investors.

Revolut Reportedly Ready to Launch Its Own Crypto Token
Revolut, a fintech company with a $33 billion valuation that offers cryptocurrency buying as part of its services, is looking to launch its own cryptographic token, with the timing subject to approval from U.K. regulators. “The Hash” squad discusses the industry implications for the latest potential exchange token jumping into the land of fintech.

Coinbase to Enable Direct Paycheck Deposits in Crypto
Crypto exchange Coinbase will enable direct paycheck deposits, allowing its U.S. customers to put all or part of their paychecks in crypto or dollars without a fee. “The Hash” panel discusses the technical workings and tax implications for Coinbase’s latest efforts to build a one-stop shop for crypto-based financial services.

Chinese Ethereum Mining Pool BeePool to Shut Down Following Crypto Ban
"The Hash" team discusses the latest blow to the mining community, suggesting the outlook for global mining operations. China-based BeePool, the world's fourth-largest Ethereum mining pool by processing power, or hashrate, which halted registrations for new users and new subsidiary accounts for existing users, will suspend all services to miners beginning Oct. 15 at 15:59 UTC (11:59 a.m. ET). This follows SparkPool, another top Chinese Ethereum mining pool, suspending operations.

US Senators Propose Legislation to Track Crypto Mining and Use Cases Worldwide
"The Hash" hosts discuss their reactions and key takeaways from U.S. Senators Maggie Hassan (D-N.H.) and Joni Ernst (R-Iowa) proposing new legislation that would require the Treasury Department and other agencies to track crypto mining and use cases worldwide. The U.S. "must get a better handle" on how cryptocurrencies are used globally, Sen. Hassan said. Is this just another means to further control the money supply?
