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China
Benchmark Sees Canaan as Indirect Investment in Bitcoin, Shares Gain
The broker initiated coverage of the mining-equipment business' stock with a buy rating and $9 price target.
Bitcoin Falls Below $30K as Bullish Momentum Wanes
Bitcoin tumbles back below $30,000 amid liquidity pressure. TradeStation Group VP of Market Intelligence David Russel discusses his crypto markets analysis and outlook. Plus, his take on S&P 500, Chinese stocks, their impact on the global crypto markets and the rising recession risks.
Foundry Exec on Crypto Mining Industry Outlook
Foundry SVP of Mining Strategy Kevin Zhang shares insights into the state of bitcoin mining operations in New York, China, and Kazakhstan, and their impact on the global mining industry.
StepN Co-Founder Addresses Concerns Over Hit 'Move-to-Earn' NFT Game
StepN Co-Founder Yawn Rong shares insights into the pitch and concept for Stepn, the new Solana-based move-to-earn game that lets users buy and trade NFT sneakers, and rewards them for walking or running in the real world. Plus, addressing concerns the game is a "ponzi scheme" and its plans to effectively ban gameplay in China this July.
Terra 2.0 Delayed; India’s Non Fungible League
“Move-to-earn” app StepN to limit service in China. Can Terra 2.0 win back the trust of investors? Philippines eyes taxing crypto by 2024. Comic Con India to launch Non Fungible Man NFT hero. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Stepn to Bar Gameplay in China, Sending 'Move-to-Earn' Token GMT Spiraling
The crypto rewards game's GMT token has fallen 38% in the last 24 hours, according to CoinGecko.
E-CNY Use Widens in Chinese Schools; Terra Faces Audit
Hydropower plant in China’s Hubei province fined for powering crypto mining. China expands use of digital yuan on school campuses. South Korean regulator to audit Terra and related financial businesses. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
The funding round sets the firm's valuation to $2 billion.
The State of Crypto Mining in China, Europe and Texas
Quantum Economics Bitcoin Analyst Jason Deane discusses the state of cryptocurrency mining in China following Cambridge University’s report about the industry going underground within the country. Plus, a conversation on crypto regulation in the European Union and why Deane believes Texas is becoming the “mining capital of the world.”
Do Kwon’s Taxing Questions; China’s Underground Mining
Terra’s Do Kwon answers back on office closures and tax payments. Tether (USDT) market cap has dropped by $10B since UST collapse. Sources say crypto miners have gone underground in China amid ban. Wine and liquor NFT platform looks to open up the industry. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."