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Ethereum Withdrawal Requests Now Face Roughly 17-Day Wait
Ethereum validators that have put in withdrawal requests following the network's Shanghai upgrade will have to wait upwards of 17 days to get their staked ether (ETH) back, according to data analytics firm Nansen. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Breaking Down House Financial Services Committee’s Stablecoin Bill Framework
The House Financial Services Committee has unveiled a draft of its stablecoin legislation, proposing a framework for issuers such as Circle and Tether to define how state and federal entities can regulate their offerings. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the potential timeline for the legislative process and what to expect from the upcoming hearing on stablecoins.
Scroll Co-Founder on Ethereum Scaling Race
A decentralized, global team of developers is shirking the urge to be the first to scale Ethereum. As part of CoinDesk's Projects to Watch 2023, Scroll co-founder Sandy Peng discusses Ethereum's "zero-knowledge" arms race and how Scroll stands out from the competition.
Blockdaemon Eyes Large Institutions With New Wallet App
Blockdaemon is launching an all-in-one wallet service to help large-scale institutions and crypto custodians steward their assets without entrusting them to third parties. Blockdaemon CEO and founder Konstantin Richter discusses the crypto infrastructure provider's approach to institutions and the general interest in custody after the FTX fallout.
SEC Chair Gensler Refuses to Say if Ether Is a Security During House Hearing
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler refused to say whether ether (ETH), the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday before the House Financial Services Committee. Howard Fischer, Moses Singer partner and former SEC senior trial counsel, along with Joshua Ashley Klayman, Linklaters U.S. head of fintech and head of blockchain and digital assets, discuss their takeaways from the hearing.
Bitcoin Drops to $29.2K After Sudden Sell-Off
Bitcoin slid more than 3% in just 15 minutes in European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization near $29,000. Forex.com Global Head of Research Matt Weller discusses whether the UK CPI data played a role in the sudden sell-off. Plus, his BTC outlook after the token's strong performance in Q1 2023.
Machankura Lets Africans Use Bitcoin With Basic Mobile Phones
Bitcoin maximalist Kgothatso Ngako has brought global digital financial services to Kenya, South Africa and other countries where at least half the population doesn’t have smartphones and reliable internet service. As part of CoinDesk's Projects to Watch 2023, Machankura catalyst Kgothatso Ngako discusses the inspiration behind the project and the state of bitcoin adoption in Africa.
Bitcoin Reclaims $30K: What's Next?
Truflation founder Stefan Rust joins "All About Bitcoin" to discuss bitcoin's price movement around the $30,000 level and his BTC outlook amid systemic inflation. Plus, reaction to Balaji Srinivasan's bet that bitcoin will reach $1 million.
Intel Discontinues Bitcoin Mining Chip Series; Unchained Capital Raises $60M
Chipmaking heavyweight Intel (INTC) is ending production of its bitcoin mining chip series, the company said in a statement to CoinDesk. Separately, Unchained Capital has completed a $60 million Series B funding round led by Valor Equity Partners, including crypto asset-management giant NYDIG.
Lesser-Known Bitcoin Indicator Suggests Onset of Major Bull Run
A lesser-known but historically reliable bitcoin price indicator has flipped positive, signaling the onset of a major bull market. Bitcoin's (BTC) reserve-risk multiple has crossed above zero, turning positive for the first time since October 2021, according to blockchain analytics firm Glassnode. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."
