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Crypto and Politics: Bitcoin in the Far-Right
A dozen far-right entities reportedly took in bitcoin worth more than $9 million in just over four years. This money is all but out of reach to banks, courts, and regulators, but this is not new. CoinDesk's Nikhilesh De discusses insights into far-right extremists using bitcoin and what it reveals about bitcoin's use case. Plus, the latest on the U.S. Senate's infrastructure bill.
IDX CIO on Selling Fully Out of Bitcoin Exposure
Quantitative asset manager IDX Digital Assets has sold all of its bitcoin holdings. IDX Chief Investment Officer Ben McMillan discusses why, citing news from China, global regulatory actions, and BTC’s speculative nature.
Women-Led Crypto Networking Group 'Crypto Connect' Coming to 12 US Cities
Hailey Lennon, a partner at Anderson Kill, discusses founding Crypto Connect, a professional networking group in the crypto industry launching in 12 cities across the U.S. with plans to go international. Plus, her take on the infrastructure bill as the U.S. House of Representatives will vote Thursday.
China Fallout Hits Mining, Korea Digital Custody Competition Heats Up
Alibaba bans sale of crypto mining equipment. Mining rigs seized in Inner Mongolia. Korea’s NH Nonghyup bank jumps into digital custody. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Ethan Lou Takes Us Inside the North Korean Trip That Got Ethereum’s Virgil Griffith Arrested
Ethereum developer Virgil Griffith pled guilty Monday to charges related to his trip to North Korea for a blockchain conference.
Interaxis Co-founder: Institutional Adoption of Crypto Is 'Just Not There'
Reacting to SkyBridge Capital founder Anthony Scaramucci saying institutional interest in crypto is weakening, Adam Blumberg, co-founder of financial advisor Interaxis, discusses why "institutional adoption is just not there." He adds most institutions are not ready for bitcoin, its volatility, its custody, or regulators. Plus, his views on the potential impact of China's crypto ban on the crypto markets, digital yuan, El Salvador's Bitcoin Law, and more.
Crypto Funds Draw Most Inflows in 3 Weeks Despite China’s Crypto Crackdown
Crypto funds are drawing the most new money in three weeks, even amid China’s crackdown on cryptocurrencies. New data on weekly crypto asset flows reveals investors pumped $95 million into digital asset products last week, more than double the prior week. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
El Salvador Pres. Nayib Bukele: Almost a Third of Salvadorans Are Using the Bitcoin Wallet
Almost a third of Salvadorans, or roughly 2.1 million people, are actively using the El Salvador government-run bitcoin wallet Chivo less than a month after the country adopted the cryptocurrency as legal tender, President Nayib Bukele said in a tweet. "The Hash" team discusses the latest on the state of crypto affairs and bitcoin adoption in El Salvador.
'Stripe for NFTs?' Immutable X Token Sale Raises Over $12.5M in Under an Hour
Ethereum scaling product Immutable X's token sale on CoinList sold out in less than an hour, raising over $12.5 million. The protocol is poised to integrate with several NFT marketplaces, including Mintable and OpenSea, saying it aims for the IMX token to be Ethereum's "Stripe for NFTs," offering gas-free NFT minting and trading. "The Hash" squad discusses the specifics, reactions, and implications of the token sale in the larger NFT ecosystem.
Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case
Virgil Griffith, the Ethereum developer charged with violating U.S. sanctions law by giving a crypto and blockchain presentation at a North Korean conference in 2019, has pleaded guilty to one charge of conspiracy and could serve up to 78 months in prison.