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Crypto CEOs Defend Industry in Capitol Hill Hearing
CEOs from six major crypto firms spoke before the U.S. House Financial Services Committee to share their opinions on regulation. CoinDesk’s Nikhilesh De discusses the key takeaways and reacts to comments made by Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, and Rep. Brad Sherman (D-Calif.) on crypto regulations.
AVAX’s Ava Labs President on Crypto Markets As Avalanche, Layer 1 Tokens Soar
John Wu, President of Ava Labs, best known for building the “layer 1” Avalanche blockchain, discusses the outlook for layer 1 tokens and the wider crypto markets. This comes as gas fees on “layer 2” solution Ethereum remain near all-time highs. Meanwhile, Ava Labs has been chosen for Mastercard’s Crypto Accelerator Program.
Ethereum Layer 2 Polygon Continues to Expand Scaling Technologies
Polygon’s MATIC token surged after 21Shares announced the launch of a crypto exchange-traded product (ETP) linked to MATIC's performance on Euronext exchanges. Polygon's Dean Thomas shares insights into the latest movements at the Polygon blockchain, which Thomas describes as "an index fund with Ethereum scaling solutions." Plus, what the Bitwise Polygon (MATIC) fund means for the Polygon ecosystem.
Banks Stablecoin Project, Watch for Fed Taper in 2022
Binance Asia Services takes an 18% stake in HG Exchange. Korea’s Shinhan Bank and South Africa’s Standard Bank show off stablecoin project. Fed tapering a potential crypto market catalyst in 2022. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
House Financial Services Committee Meets on Crypto Regulation
The House Financial Services Committee is hosting six crypto executives, including Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, and Coinbase Inc. CEO Alesia Haas today in a wide-ranging hearing on digital assets and stablecoins. “The Hash” panel discusses what to expect and the potential impact on the U.S. crypto regulatory landscape.
Visa Launches Crypto Advisory Services for Banks as Demand for Digital Assets Grows
Payments giant Visa has formed a global crypto advisory practice to help financial institutions develop their cryptocurrency businesses. "The Hash" hosts discuss Visa's latest bets in crypto amid increasing global demand for various digital assets products.
Bitcoin Adoption Among Far-Right Extremists Leaves Its Mark on the Blockchain
According to cryptocurrency analytics firm Elliptic, bitcoin as a means of payment among far-right extremists is growing in popularity, which is tracking traces left on the blockchain by such groups. "The Hash" squad discusses the specifics, reactions, and implications of bitcoin in politics.
Apple to Allow Collection of iPhone User Data for Targeted Ads
According to the Financial Times, Apple has reportedly allowed app developers to harvest data from its 1 billion iPhone users for targeted advertising, letting companies follow a looser interpretation of its privacy policy. ”The Hash” team discusses the latest in the world of privacy, potentially illuminating the need for blockchain tech.
Key Takeaways From Crypto CEOs' Capitol Hill Hearing
The House Financial Services Committee convened Wednesday morning with executives from six major cryptocurrency companies to discuss digital assets and stablecoins. CoinDesk's Galen Moore shares insights into the main takeaways and reactions to Bitfury CEO Brian Brooks making a case for decentralization.
Is Bitcoin Mining Still Profitable?
Vice President of Business Development at Foundry Jeff Burkey discusses the state of the Bitcoin network and hashrate, along with its mining profitability and difficulty. Plus, insights into the launch of FoundryX, a new marketplace for buying and selling bitcoin mining machines.
