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Report: Crypto Mining in China Continues Despite Ban
Despite China’s nationwide ban on cryptocurrency mining, data recently published by Cambridge University indicated that mining has persisted in the country by moving underground and altering their location data with VPNs. Plus, a discussion on why bitcoin’s hashprice is trending downwards as “All About Bitcoin” host Christine Lee presents the Chart of the Day.
Residents Grapple with Crypto Mining Explosion In Niagara Falls
A Blockfusion crypto mining facility in Niagara Falls, New York, was victim to an electrical explosion and subsequent fire last week, causing thousands of miners to go offline.
Beeple’s Twitter Hacked for ETH Phishing Scam
Graphic artist Mike Winkelmann, known in the NFT world as @beeple recently had his Twitter account hacked to promote a phishing attack that stole victims’ ETH funds. “The Hash” group discusses the need for education about cold storage as hacks continue to plague the crypto ecosystem, and holding Web 2 companies accountable for allowing these attacks and scams on their platforms.
How Charities Can Utilize NFTs to Maximize Fundraising
As digital assets continue to grow in popularity, non-fungible tokens (NFTs) have proven themselves as useful to charitable causes for incentivizing donations and creating communities. “The Hash” group discusses how Web 3 can be embraced for philanthropy and addresses the barriers to entry for artists.
GameStop and eBay Jump into NFTs Despite Bear Market Concerns
Video game retailer GameStop (GME) has unveiled its own self-custodial Ethereum wallet for cryptocurrencies and non-fungible tokens (NFTs), while eBay released its debut digital asset collection through a partnership with Tezos and Polygon-based platform OneOf. “The Hash” group discusses why these two legacy brands have decided to enter Web 3 amid a bear market, referencing the underwhelming performance of Coinbase’s new NFT platform.
Former BitMEX CEO Arthur Hayes Sentenced to 2 Years Probation
Former BitMEX CEO Arthur Hayes was sentenced to two years of probation, with home detention for six months and location monitoring, in a federal courthouse in New York on Friday. Hayes pleaded guilty in February of violating the Bank Secrecy Act (BSA). CoinDesk's Cheyenne Ligon breaks down the details and why this was a "very surprising outcome."
When Will Bitcoin Break Out?
Bitcoin (BTC) continues to trade around $30,000 and is roughly flat over the past week. Dexterity Capital Head of Business Arpan Gautam discusses his crypto markets outlook and why we may see more sideways movement in BTC. Plus, insights into market participants and investing strategies.
Tether Market Cap Drops by $10B Since UST Collapse, Concerns Over Terra Backer Celsius
Quantum Economics Director of Blockchain Market Research Alexandre Lores discusses what to make of investors redeeming $10 billion worth of stablecoin Tether (USDT) since Terra's collapse, and why he prefers to hold only USDC. Plus, his take on concerns over Terra's backer Celsius after it pulled at least half a billion dollars out of Anchor Protocol just as the Terra losses began.
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."
Could Bitcoin Extend its 7-Week Losing Streak?
Bitcoin is poised to extend its losing streak to a record eight weeks. "All About Bitcoin's" Week in Review panel discusses this week's biggest bitcoin news, including the Fed's hawkish remarks, bitcoin dominance soaring to 7-month highs, price levels to watch, the Terra crash and bitcoin mining.
