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CleanSpark Is Combating Bitcoin’s Energy Problem With 95% Carbon-Free Mining Success in the US
China's crypto mining crackdown intensifies, with all major bitcoin mining farms in Yunnan reportedly shut down as of Wednesday. Matthew Schultz of CleanSpark, a Utah-based energy software and bitcoin mining farm, shares his assessment of the situation in China and how CleanSpark is combating bitcoin's carbon footprint problem. Plus, comments on the class action lawsuit against CleanSpark.
Bitcoin Prices on Track for Record Q2 Percentage Decline
Bitcoin prices are on track for a record second-quarter percentage decline weighed down by China's crackdown on mining, concerns that the Fed will start tapering its stimulus program, and persistent demand for downside hedges. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin: A Mini Bear Market in a Bull Market?
CoinDesk’s Galen Moore looks at bitcoin’s previous trends, discussing the outlook for its trajectory. “I think [this] is a bear market, but it’s important to look at how easy it would be for bitcoin to prove me wrong,” Moore said.
Banks Want In on Bitcoin: NYDIG, NCR to Bring Crypto Purchases to 650 U.S. Banks
Digital asset firm NYDIG is joining forces with enterprise payments giant NCR to offer bitcoin buying and selling services to some 24 million customers at 650 U.S. banks and credit unions. "The Hash" hosts react to the news as a move to further accessibility and mainstream adoption of crypto.
Blockchain Caucus Co-Chair: Crypto ‘Backdoor’ Is Key to Unmasking Bad Actors
U.S. representative and co-chair of the Congressional Blockchain Caucus Bill Foster said Tuesday the key to crypto’s success is a “cryptographic backdoor” that allows legislators to reverse transactions on the blockchain. “The Hash” panel claps back at Foster.
Stablecoins to Watch: USDC Could Expand to 10 More Blockchains
USD coin (USDC), a stablecoin currently on four blockchain networks with a market cap of $25 billion, could soon be on as many as 10 more networks, including Tezos. USDC is an Ethereum-based stablecoin managed by the CENTRE consortium, started by fintech firm Circle and crypto exchange Coinbase.
Russia and China Moving Their CBDC Projects Forward
Central bank digital currency (CBDC) initiatives around the world are ramping up. The Bank of Russia has reportedly named 12 banks to develop a prototype of the digital ruble by December. Meanwhile, the CBDC trials have reached Beijing’s subways as passengers can now use the digital yuan to pay their fares.
Spain Considering National Digital Currency Alternative to Euro?
The Spanish Socialist Party (PSOE), the governing political body in Spain, is considering issuing its national digital currency as an alternative to the euro. "The Hash" panel examines the significance of Spain seeking independence and nationalization with their money, nearly 20 years after the Spanish peseta ceased to be legal tender when the country adopted the euro as its sole monetary unit.
Jeremy Allaire on the Digital Dollar's Future: 'The Central Government Absolutely Does Not Need to Issue a Digital Currency'
Circle CEO Jeremy Allaire discusses the challenges and significance of USDC potentially expanding to 10 more blockchain networks, the broadest expansion in stablecoin history. "The central government absolutely does not need to issue a digital currency," he said. Plus, breaking down the difference between tether (USDT) and USDC as USDT risks come into focus.
Crypto Backdoor Is Key to Unmasking Bad Actors, Says Democratic Congressman Bill Foster
Lawmakers calling for encryption backdoors is not new. CoinDesk’s Nikhilesh De reacts to democratic congressman Bill Foster’s remarks about a crypto backdoor as “key to unmasking bad actors.”
