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Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse
Tron founder Justin Sun discusses his take on the Terra ecosystem in the wake of UST’s meltdown, the risks and benefits of algorithmic stablecoins, the impact of Tether’s USDT on the crypto markets and Tron’s stablecoin USDD. Plus, responding to financial crime allegations made by The Verge.
Key Takeaways From Tether’s Attestation Report
Tether reduced its commercial paper holdings by 17% in 2022 Q1, according to its latest attestation report. Its market cap also fell $7.4 billion amid the collapse of the Terra ecosystem. Jeff Howard, Business Development & Institutional Sales at OSL, breaks down the details of Tether’s latest attestation report.
Is Now the Time to Buy the Dip?
Acorns Chief Investment Officer Seth Wunder discusses his outlook on bitcoin's price trajectory as Fed Chair Jerome Powell reiterates half-point interest rate hikes are likely in June and July. Is this a good time to buy or is BTC due for lower lows?
Bitcoin Dominance Soars to 2022 Highs
Bitcoin dominance, a measure of BTC's percentage of total crypto market capitalization, is advancing 1% today and is up ~10% since the collapse of Terra's LUNA and UST. What does this mean for bitcoin's bull case? "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Miners Giving Up on New York Amid Regulatory Uncertainty
New York’s bitcoin mining companies are increasingly considering abandoning their aspirations in what was once a promised land. This comes as the state’s Senate considers a bill to ban new mining projects that use carbon-based energy sources, pending a review of the industry’s environmental impact.
FTX US Debuts Stock Trading in Push for Bigger Slice of US Retail Pie
FTX.US, the Chicago post of Sam Bankman-Fried’s trading empire, said it will begin testing stock trading functionality for a handful of U.S. users. “The Hash” panel discusses FTX’s push into the traditional finance ecosystem and why we could expect to see more crypto exchanges follow suit.
SEC’s Gensler Uses Crypto Oversight Needs as Case for Higher Budget
Securities and Exchange Commission (SEC) Chair Gary Gensler made a pitch for a higher budget Wednesday, telling lawmakers in the U.S. House of Representatives that he’d like to do more to protect crypto investors. "The Hash" squad discusses Gensler's latest move and the case for crypto regulation. How much protection can the SEC actually provide when it comes to crypto?
Ethereum on Track for Testnet Merge in June
Ethereum’s Ropsten public testnet will undergo a “merge” next month ahead of a rollout on the main network, developer activity on GitHub shows. "The Hash" hosts discuss the latest in the world of Ethereum and what the upgrade could mean for the industry's second-largest blockchain protocol.
Bitcoin Correlation Continues; Terra Vote Starts Positively
Report: Indian crypto traders may pay tax for using foreign exchanges. Bitcoin, crypto drop as stocks slump in the U.S. Terra revival plan vote goes live, details of South Korean tax investigation revealed. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Correlation Continues; Terra Vote Starts Positively
Report: Indian crypto traders may pay tax for using foreign exchanges. Bitcoin, crypto drop as stocks slump in the U.S. Terra revival plan vote goes live, details of South Korean tax investigation revealed. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
