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Bitcoin Dips Below $32K as Bets for Fed Rate Hike Rise
Bitcoin's price dipped below $32K Wednesday amid increased bets the U.S. Federal Reserve will potentially raise interest rates earlier than expected. "The Hash" hosts discuss the future of bitcoin if it no longer behaves like the inflation hedge it is said to be. Plus, reactions to Fed Chair Jerome Powell's testimony on inflation and the state of the wider economy.
Nifty’s and Warner Bros. Team Up to Launch ‘Space Jam’ NFTs
A series of non-fungible tokens (NFTs) marking the release of “Space Jam: A New Legacy” is to be launched on the new social platform Niftys.com in partnership with Warner Bros. Nifty’s Chief Legal Officer Olta Andoni discusses the launch as part of Nifty’s mission to be the first-ever NFT-focused social media platform.
VanEck CEO: SEC Not Likely to Approve Bitcoin ETF This Year
Jan van Eck, CEO of the global investment manager and exchange-traded fund (ETF) pioneer VanEck, discusses the state of bitcoin ETFs in the U.S. Could the SEC approve its first US bitcoin ETF this year? “At the rate of discussions now, I would say no,” van Eck said.
Caitlin Long on US Regulatory Crackdown, Fed Trying to Control USD Access Points
Avanti Bank founder and CEO Caitlin Long tweeted Monday the U.S. regulatory crackdown has begun, and it would impact intermediaries and U.S. dollar access points, but this is not new.
ICICI Blocks Crypto Transfers, Korea Banks to Report Crypto Crime
India’s ICICI bank blocks international crypto transfers. Korea says banks must report crypto-related money laundering. Fears over plagiarism hit the NFT world. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
State of Bitcoin Mining in China as Crackdown Continues
Kevin Zhang, Foundry VP of Business Development, explains the history of China’s crackdowns on cryptocurrencies and mining operations from 2017 to where we are now. “The most recent crackdowns are the hardest we’ve ever seen,” Zhang said miners are headed to Eastern European and Central Asia. But could they return?
Polychain Leads $21M Round for Retail-Oriented Decentralized Exchange
Clipper, a new decentralized exchange (DEX) from crypto firm Shipyard that aims to attract retail traders with low trading fees, closed a $21 million funding round Tuesday led by digital asset investment fund Polychain Capital.
Why June’s Consumer Price Index Could Be Good News for Bitcoin
A key U.S. inflation report released Tuesday indicates consumer prices increased 5.4% in June from a year earlier at its biggest monthly gain since August 2008. “The Hash” hosts discuss bitcoin as a potential hedge against inflation.
Lightning Network Could Help Bitcoin Scale Up
Some say the Lighting Network, a “layer 2” solution that exponentially cuts down the time and fees to send bitcoin, is the most important project for the most crucial asset in the blockchain space. “The Hash” panel shines the limelight on Lightning, discussing how the network could change the way investors think about bitcoin.
Binance Is Firmly in the Regulatory Crosshairs
"The Hash" hosts discuss why Binance is the most critical centralized crypto platform to keep an eye on, with enforcement actions against the exchange hinting at what other platforms should expect. "Whatever happens to Binance through the midst of this, it's going to signal how regulators around the world are approaching crypto," host Christine Kim said.