cdtv
Circle: USDC Backed 61% by Cash and Cash Equivalents
In its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and money market funds. “The Hash” panel discusses Circle’s breakdown of its asset reserves, at least partially answering swirling questions about how USDC is supported.
Private Israeli Spyware ‘Pegasus’ Used to Spy on Journalists, Activists, Politicians Worldwide
According to The Washington Post, Israeli technology firm NSO Group’s military-grade spyware “Pegasus” was used to hack phones of journalists, activists, politicians, and two women close to murdered Saudi journalist Jamal Khashoggi.
Meet ‘Minds’, the Anti-Facebook Crypto Social Network That Pays for Your Time
Minds, an open-source decentralized crypto social network, gamifies social media and rewards users with the Ethereum-minted Minds token. Minds.com founder and CEO Bill Ottman discusses how it all works, stressing the importance of putting users first with incentives and rewards.
Yellen Urges Federal Agencies to ‘Act Quickly’ on Stablecoin Regulation
Treasury Secretary Janet Yellen convened a meeting Monday of the President’s Working Group on Financial Markets (PWG) to discuss stablecoins. CoinDesk’s Nikhilesh De shares the key takeaways, proposing the regulatory outcome. Plus, his take on Mastercard potentially testing USDC for payments.
Senators Urge E-CNY Ban, Russia Woos Crypto Miners
US Senators urge Team USA to ban the use of E-CNY. Russia woos crypto miners with green credentials, and street performers embrace digital payments. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Tether Co-Founder: ‘Tokenization of Fiat Will Happen’
Amid the explosive growth of stablecoins, Tether co-founder William Quigley discusses why stablecoins are here to stay. “Every fiat currency, globally, of any significant economy, will be tokenized,” Quigley said. “There’s a lot of people in crypto who need a safe harbor …
State of DeFi, Crypto Crackdowns in Thailand
Mukaya (Tai) Panich, Chief Venture and Investment Officer of SCB 10x, the technology and innovation arm of Thailand’s Siam Commercial Bank, discusses the state of crypto in Thailand on the heels of its SEC banning meme, fan, and exchange tokens, as well as NFTs. Plus, her take on bridging the gap between DeFi and TradFi.
BitGo CEO: ‘Institutions Are All Participating’ in Crypto
Mike Belshe, CEO of digital asset infrastructure provider BitGo, discusses continued institutional interest in crypto despite a lull in the markets. "Institutions are all participating," he said. "Everybody we talk to is still moving forward." Plus, the possible implications of Binance's global regulatory woes.
Bitcoin Stuck in Month-Long Downtrend?
Bitcoin is stuck in a month-long downtrend as traders experience choppy conditions over the past few days. A break below $30K is likely, given the loss of upside momentum. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Morgan Creek Capital Management CEO: ‘[Bitcoin] Price Is A Liar,’ Says He’s Focused on Bitcoin’s Long-term Potential
Despite bitcoin’s short-term downward momentum potentially posing a risk to the cryptocurrency, Morgan Creek Capital Management CEO Mark Yusko still maintains a positive outlook. “[Bitcoin’s] price is a liar,” he said. “I’ve never probably been more bullish on the long-term perspective …
