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El Salvador Commerce Secretary: Bitcoin Won’t Replace Dollar
El Salvador seeks to be the first country to adopt bitcoin as legal tender. Responding to Salvadorans fearful of a full pivot to a bitcoin standard, El Salvador’s Secretary of Commerce and Investments, Miguel Kattán, announced bitcoin would not replace the U.S. dollar.
Report: Top White House Tech Critic Tim Wu Owns Over $1M in Bitcoin
A Politico report revealed Tim Wu, Tech Advisor to the White House, is actually a secret crypto whale with over $1 million in bitcoin. “The Hash” panel reacts.
World Economic Forum Hopes to Explain DeFi for Regulators With White Paper
The World Economic Forum has released a white paper meant to act as a toolkit for regulators looking to understand the decentralized finance (DeFi) sector. “The Hash” team explores the evolution of DeFi and the need for regulatory applications.
Colonial Pipeline CEO Testifies in Front of Senate Homeland Security Committee on Ransomware Hack
Joseph Blount, the CEO of Colonial Pipeline, is testifying before Congress Tuesday over his company’s decision to pay an estimated $5 million in bitcoin to the ransomware hackers.
Anchorage Digital to Offer Ethereum-backed Loans Through FDIC-Insured BankProv
Digital asset platform Anchorage Digital is expanding its lending service with ethereum-backed loans through BankProv, a traditional Massachusetts-based bank formally known as Provident Bank. This is the first time the crypto custody bank has extended ETH-backed loans through a traditional FDIC-insured bank. Diogo Mónica of Anchorage Digital explains how this works.
India Crypto Feud Continues; Korea Mining Thief Busted
India’s crypto industry takes matters into its own hands. Canaan offers service in Kazakhstan as miners flee China, and a crypto thief in Seoul is busted. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Paraguay to Embrace Bitcoin After El Salvador?
Paraguay may follow El Salvador in announcing meaningful adoption of bitcoin, following a tweet by Paraguay congressman Carlitos Rejala saying a new project will begin this week involving bitcoin and PayPal. Bitcoin.com.py CEO Juanjo Benitez Rickmann joins “First Mover” to discuss the way ahead for crypto adoption in Paraguay.
How Did Federal Officials Recover $2.3M in Bitcoin Paid to Colonial Pipeline Hackers?
Department of Justice and FBI officials say they recovered $2.3 million in bitcoin (BTC) Colonial Pipeline paid to a criminal outfit during a ransomware attack. Nikhilesh De, CoinDesk's Global Policy and Regulation Managing Editor, is looking into how the funds were recovered.
Bitcoin Suffers Steepest Drop in 10 Days
Andre Portilho, Head of Digital Assets at BTG Pactual, has a crypto markets update and outlook after the price of bitcoin plunged at the highest rate in 10 days.
Bitcoin Could Become Legal Tender in El Salvador
Avik Roy, the president of Foundation for Research on Equal Opportunity and Forbes Policy Editor, joins “All About Bitcoin” to explain why he thinks the U.S. cannot deny bitcoin as a currency once El Salvador establishes it as legal tender.