cdtv
Exploring Abu Dhabi as a Crypto Hub
As a part of CoinDesk's theme week that takes a closer look at the top crypto hubs in 2023, MidChains co-founder and CEO Basil Al Askari joins "First Mover" to discuss the state of crypto adoption and regulation in Abu Dhabi. Plus, how crypto is viewed in Dubai, another prominent city in the United Arab Emirates.
Bitcoin Could Reach $40K By End of Year: Analyst
Edward Moya, OANDA Senior Market Analyst of The Americas, discusses why he thinks bitcoin (BTC) could end the year around the $40,000 level, citing the recent macroeconomic backdrop and the recent flurry of spot bitcoin ETF filings in the U.S. Plus, Moya addresses the possible market reaction to Robinhood ending support for Cardano (ADA), Polygon (MATIC) and Solana (SOL).
FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B
A new report from the FTX team that’s digging through the financial guts of the failed exchange said the company owed its customers $8.7 billion after commingling and misusing their deposits, and senior executives started hiding that trouble as early as August 2022. About $7 billion in liquid assets have been recovered so far, and those searching the company’s assets "anticipate additional recoveries." Wilk Auslander LLP Partner Eric Snyder discusses the latest developments in FTX's bankruptcy case.
Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
"CoinDesk Daily" host Jennifer Sanasie takes a look at today's hottest headlines in the crypto industry. Digital asset investment products witnessed the largest single weekly inflows in a year - mostly dominated by bitcoin-related products, according to a report from CoinShares. Meanwhile, Hut 8 Mining (HUT) has secured up to $50 million in loans from Coinbase Credit to fund its operations, which includes closing a merger with US Bitcoin Corp. Plus, days after abandoning its proposed purchase of Prime Trust, BitGo CEO Mike Belshe said the cryptocurrency custodian has more acquisitions in the pipeline. And, the NEAR Foundation is joining Alibaba Cloud to accelerate Web3 growth in Asia and the Middle East.
ProShares' Bitcoin Futures ETF Notches Biggest Weekly Inflow in a Year: Data
ProShares' Bitcoin Strategy ETF (BITO) recorded the highest weekly inflow in over a year, as bitcoin prices broke $30,000, according to data cited by Bloomberg senior ETF analyst Eric Balchunas. Investors poured $65 million into BITO in the past week, breaking a previous 2023 high of just over $40 million in April. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
2020 Twitter Hacker Receives 5 Year Sentence on Crypto Theft, SIM Swapping Scheme
A British man who made roughly $900,000 in an elaborate Twitter hack and a separate crypto-related SIM-swapping scheme received a 5-year sentence from a federal judge on Friday, according to a report from Inner City Press. "The Hash" panel discusses the judge's ruling and the state of crypto crimes using social media.
Singapore's Central Bank Presents Design Framework for Interoperable Digital Asset Networks
Singapore's central bank is proposing ways to design open, interoperable networks for tokenized digital assets. "The Hash" panel discusses the framework presented by the Monetary Authority of Singapore (MAS), as banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across wealth management, fixed income and foreign exchange.
U.S. Has Room for Compliant Crypto ETF to 'Grow Its Share' as a Bitcoin On-Ramp: Bernstein
Bernstein said in a research report that the Grayscale Bitcoin Trust (GBTC) is only 3% of the total bitcoin market cap, which means there is the “headroom for a compliant ETF to grow its share as a bitcoin on-ramp solving the pain of custody.” "The Hash" panel discusses how the TradFi giants like BlackRock filing for a spot bitcoin ETF application in the U.S. could impact the crypto industry. Grayscale is owned by CoinDesk’s parent company, Digital Currency Group (DCG).
6 Engineers Propose Terra Classic Revival Plan
Six engineers calling themselves the “Six Samurai” are proposing a Terra Classic ecosystem revival plan for the blockchain as some community members try their best to break away from the shackles of disgraced founder Do Kwon and rebuild the project. "The Hash" panel weighs in on their effort to revive the original network created by Terraform Labs.
CFTC Begins Review of Kalshi's Congressional Control Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) began a formal review taking a closer look at prediction market Kalshi's proposed contracts that let users bet on which political party will control Congress after an election. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the CFTC's review process and the potential impact of the agency's decision.
