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CoinDCX Becomes First Crypto Unicorn in India
Indian crypto exchange CoinDCX has raised 6.70 billion rupees (US$90 million) from investors to a total valuation above $1 billion, becoming the first crypto firm in the country to achieve unicorn status. Co-founder Neeraj Khandelwal discusses the implications of the achievement in the face of regulatory uncertainty relating to Indian officials' stance toward cryptocurrencies. Plus, highlights on the trends in Indian crypto markets.
Solana Hits All-Time High, GoSats Launches Bitcoin Reward Card
Solana hits an all-time high. India’s GoSats launches a bitcoin reward cashback card, and a new survey from Finder shows Asia ranks top on cryptocurrency adoption. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Biden Administration Reportedly Picking Acting Chairman Rostin Behnam to Head CFTC
President Joe Biden’s administration is reportedly considering tapping acting Commodity Futures Trading Commission (CFTC) Chair Rostin Benham for a full term as head of the agency. CoinDesk’s Nikhilesh De discusses what this could mean about the future of crypto regulation. Plus, an update on the Treasury Department’s possible interpretation of the infrastructure bill.
Crypto Total Market Cap Tops $2 Trillion for First Time Since May
Alexander Blum, a managing partner at investment firm Two Prime, discusses his analysis and positive outlook for bitcoin and ether as the total market value for cryptocurrencies is back over the $2 trillion mark. Plus, his take on institutional buying and the potential impact of the Afghanistan crisis on the crypto markets.
Marathon Digital CEO: $1T Infrastructure Bill Impact on Miners ‘Really Isn’t That Severe’
Fred Thiel, CEO of North American mining giant Marathon Digital Holdings, discusses why he believes the impact of the U.S. Senate’s $1 trillion bipartisan infrastructure bill on crypto miners “really isn’t that severe.”
Crypto Markets Hitting Higher Highs?
Bitcoin's price climbs toward the critical psychological threshold of $50,000 after reaching higher highs this week. What's behind the rally? CoinDesk's Brad Keoun and Christie Harkin discuss the most important crypto news of the week, potentially moving price action.
Bitcoin as Digital Gold?
This Sunday, Aug. 15, will be the 50th anniversary of the end of the Bretton Woods currency system, when then-President Richard Nixon ended the dollar’s convertibility to gold. Half a century later, the emergence of cryptocurrencies begs the question: what is the dollar worth?
Bitcoin Back Above $46K on Low Daily Volume as Altcoins Outperform
Bitcoin rebounded from Thursday's 2.4% drop that saw BTC reach a low of around $43,800. Now, the world's largest cryptocurrency by market value is beginning to edge closer toward analyst’s projected $50,000 price tag. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Pro-Crypto Advocate Rep. Darren Soto on Infrastructure Bill: ‘Ignorance Is Our Greatest Foe and Not Necessarily Partisanship’
Does crypto have a strong enough lobbying presence in D.C.? This week, the Senate passed the historic $1 trillion bipartisan infrastructure bill without any crypto amendment, raising concerns about its controversial definition of “broker.”
Poly Network Hacker Returns Most of Stolen Funds, Refuses $500K Reward
The attacker behind the Poly Network hack who drained the decentralized finance (DeFi) platform of over $600 million in crypto has returned most of the stolen funds. Poly offered a $500,000 "Bug Bounty" reward to the hacker for returning the funds, but the hacker declined. "The Hash" panel discusses the ongoing drama around the largest hack in decentralized finance (DeFi) history and whether it appears to be coming to an end.