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Biden Under Mounting Pressure to Curb Ransomware Attacks
Recent cyberattacks have prompted calls for regulation, and President Joe Biden is facing increased pressure to present a national strategy to counteract the effects of ransomware. Will there be collateral damage for bitcoin? "The Hash" panel discusses the negative repercussions around cryptocurrency ransomware presents for the industry.
Binance CEO CZ Says ‘Compliance Is a Journey’ as Regulators Hit the Breaks
Binance CEO Changpeng “CZ” Zhao has likened the recent regulatory pressures against his exchange company to that of the initial development of the car. “Compliance is a journey, especially in new sectors like crypto,” CZ said in an open letter published Wednesday, noting the uncertainty of the crypto industry.
Visa Crypto Cards Racked Up $1B in Spending in First Half of 2021
Visa’s crypto-related cards saw $1 billion of spending activity in the first six months of 2021. The billion-dollar mark consists of various types of transactions: some are tied to fiat accounts but result in crypto awards, and some are crypto transactions.
What Didi’s Downfall Means for Web 3.0
Just days after Chinese ride-hailing firm Didi completed its U.S. initial public offering (IPO), Chinese regulators ordered its app be removed from the app stores, citing data security concerns. "The Hash" team examines Didi's downfall, what it means for web 3.0, and the global implications of China's tightening oversight of data security and overseas listings.
Meitu to Lose Big on BTC Investments, South Korea Banks Warned Over Crypto Laws
Tech giant Meitu foresees a US$17.3 million loss in its Bitcoin investment. South Korea’s Financial Services Commission tells banks they’re responsible for ensuring and verifying crypto exchange contracts. With the launch of K-pop star Se7en’s latest NFTs, we look at why musicians are going big on this tech. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
BitMEX CEO on Its Future as Former Executives Facing Spring 2022 Trials
Three former executives of crypto derivatives trading platform BitMEX will face trial in the U.S. next spring. The company's current CEO, Alex Hoeptner, discusses his new business strategy and the future of BitMEX. It's important to have "active discussions with regulators," Hoeptner said.
OANDA's Edward Moya: 'Bitcoin Has Stabilized'
OANDA’s Edward Moya discusses the significance of the Fed's June meeting on bitcoin. "If we continue to see the 10-year treasury yield remain well below 1.50%, that's going to force institutional investors back into the crypto market," he said. "Bitcoin has stabilized. The longer-term [outlook] is still very bullish for bitcoin."
Binance CEO ‘CZ’ Responds to Global Regulatory Pressure, Calling Compliance a ‘Journey’
CoinDesk’s Nikhilesh De unpacks the latest story in the ongoing Binance saga. In an open letter on Wednesday, Binance CEO Changpeng “CZ” Zhao described how the crypto exchange has evolved over the past four years, the current regulatory environment and its approach for the future.
Dogecoin Millionaire Giving Away 1 Million DOGE With New Game 'Million Doge Disco'
"Dogecoin Millionaire" Gary Lachance has beta launched an augmented reality (AR) mobile game called "Million Doge Disco," a "decentralized dance party" that enables players to earn non-fungible tokens (NFTs) and dogecoin (DOGE). As part of the launch, Lachance plans to give away $1 million DOGE.
Valkyrie CIO and Co-founder Steven McClurg: Bitcoin in Rangebound Until End of Summer
Bitcoin was holding support around $33K Tuesday and is down about 5% over the past week. The cryptocurrency had a choppy trading session during Asia hours and is stuck in a tight range since June. Valkyrie CIO and co-founder Steven McClurg discusses the outlook for bitcoin and whether it will break out soon. "I definitely see us stuck here over the summer," he said, commenting on bitcoin's trajectory. Plus, why McClurg says he thinks inflation is not transitory and the impact of China's crypto crackdowns on bitcoin's price and hashrate.
