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Korea’s Love for Crypto Continues, Crypto Exchange Bilaxy Hacked
Data shows Korean love of crypto remains strong, despite new regulations. China banks release data on e-CNY progress. Hong Kong-based Bilaxy crypto exchange suffers US$21 million hack. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
$1T Infrastructure Bill ‘A Coming-Of-Age Moment’ for Crypto
Jarrod Loadholt, a partner at Ice Miller LLP, discusses where the crypto industry possibly sits within Washington now that the U.S. House of Representatives is considering the original provision of the Senate’s $1 trillion infrastructure bill without any crypto amendments.
Bitcoin Rises Above $48K as Dollar Drops After Powell’s Dovish Comments
Bitcoin gained Friday, and the U.S. dollar dropped in foreign exchange markets following Federal Reserve Chairman Jerome Powell’s dovish key speech at the U.S. central bank’s annual Jackson Hole conference. CoinDesk’s Galen Moore, Brad Keoun, and Christie Harkin discuss the implications for the crypto markets. Plus, the latest on bitcoin’s hashrate.
Bitcoin Hashrate Heading Up?
A new chart reveals bitcoin's hashrate could be heading up. Industry watchers expect a continued uptrend spurred by the recent bitcoin price rally, with Chinese miners speeding up their migration to alternate jurisdictions and U.S. miners expanding capacity. CoinDesk's Galen Moore breaks down the Chart of the Day.
Institutional Interests in Crypto Continue to Grow
The Week in Review panel at "All About Bitcoin" discusses their outlook for the crypto markets in the week ahead as Wall Street players are increasingly making moves in bitcoin, and institutional adoption and interests continue to grow. Plus, their take on renewables-focused mining amid intensifying ESG concerns and ether's daily issuance dropping below bitcoin's.
Jerome Powell Says Fed Could Start Tapering Later This Year
At the Federal Reserve’s virtual Jackson Hole symposium Friday, Fed Chair Jerome Powell said the central bank plans to keep quantitative easing loose for a little while, encouraging spending and investing.
Apple to Let App Developers Alert Users to Alternate Payment Methods
Apple Inc. has changed its App Store regulations that will now allow software developers to tell customers how to pay for services outside of the Apple ecosystem, as part of a proposed settlement of a class-action lawsuit. "The Hash" squad unpacks the announcement and the implications for the App Stores' potential cryptocurrency options in the near future. Could this increase crypto offerings from app purchases?
Binance Removes Norwegian Krone Trading Pairs, Payment Options
Binance, the world’s largest crypto exchange, has discontinued trading pairs and payment options in Norwegian krone, effective immediately ending Norwegian language support. “The Hash” hosts discuss the outlook for Binance following its latest move that extends its efforts to more proactively tackle regulatory challenges amid intense scrutiny from global lawmakers.
T-Mobile’s Data Hack and the Case for Web 3.0
T-Mobile CEO Mike Sievert apologized for a cyberattack that exposed more than 54 million people to greater risk of fraud and identity theft, saying the firm has hired security experts to strengthen its defenses. This marks the carrier’s third major security leak in two years.
Markets for NFTs Reach All-Time High, But Can It Sustain?
The number of sales on non-fungible token (NFT) marketplace OpenSea has exploded this year, with August’s trading volume exceeding the volume of all previous months in OpenSea history. Head of Product Nate Chastain discusses insights into the growth and outlook for the booming NFT market.