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Ether Could See Further Decline Following SEC's Crackdown on Crypto
Ether continues to struggle as the SEC announced two lawsuits against Binance and Coinbase. TradingView data shows that Ether's price has retracted from $1928 to $1716 in the last three weeks, and analysts have noted that if support falls below $1700, the 2nd largest crypto by market cap could fall by another 10%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Why Disco's Swag Is 'Prohibitively Expensive'
Disco, a metaverse company focused on consent-based digital identity, is working to address the significance of users' online reputation and personal data. The firm is incentivizing customers to move personal data from company-owned platforms to user-owned digital wallets by making its swag free for users who do it — and prohibitively expensive for everyone else. "The Hash" panel shares their reactions to the marketing strategy.
Robinhood’s May Crypto Trading Volume Sinks 68% to $2.1B
Popular trading platform Robinhood (HOOD) reported Monday that trading volume for cryptocurrencies dropped to $2.1 billion in May, down 43% from the prior month. On a yearly basis, crypto trading volume slowed by 68%, it said. "The Hash" panel discusses the outlook for Robinhood and the state of crypto at large.
A16z Chooses London as Destination for First Office Outside U.S.
Venture capital giant Andreessen Horowitz (a16z) chose London as the site for its first office outside the U.S., saying the U.K. government is willing to create policies that encourage startups to pursue decentralization. "The Hash" panel discusses the move.
SEC's Crackdown on Binance, Coinbase Highlights Need for U.S. Crypto Regulatory Framework: JPMorgan
The U.S. Securities and Exchange Commission (SEC)’s lawsuits against Binance and Coinbase highlight the need for U.S. lawmakers to come up with “a comprehensive framework on how to regulate the crypto industries and the relative responsibilities of SEC vs the Commodity Futures Trading Commission (CFTC),” JPMorgan (JPM) said in a research report. "The Hash" panel weighs in.
AI and Blockchain Set to Converge: EY's Paul Brody Outlines Future of Tech Synergy
EY's Global Blockchain Leader, Paul Brody, highlights the potential of AI in interpreting blockchain transactions, remarking, "AI systems can give you a lot of mostly right answers at scale." Despite possible inaccuracies, he argues that AI's potential in software development for blockchain is considerable, predicting a future where these technologies harmoniously interact. Brody emphasizes a measured approach, adding, "We're sort of navigating this fitting process," signaling both blockchain and AI are on the brink of transformative growth.
CFTC Wins Lawsuit Against Ooki DAO
A federal judge has sided with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit alleging decentralized autonomous organization (DAO) Ooki DAO offered unregistered commodities. CoinDesk's Nikhilesh De discusses what this means for other DAOs and decentralized finance (DeFi) actors in the industry.
How Cryptography Could Help Ensure AI Safety
Foresight Institute CEO and president Allison Duettmann joins "First Mover" to discuss how cryptography-oriented technologies could potentially play a role in mitigating the risks of developments in artificial intelligence (AI). Plus, outlook on the decentralization of AI.
Why AI and Blockchain's Merge Will Be Mundane at First
EY Global Blockchain Leader Paul Brody joins "First Mover" to discuss his opinion piece titled "When AI and Blockchain Merge, Expect the Mundane at First" and his outlook on the intersection between these two technologies. Plus, the details of his upcoming book "Ethereum for Business."
Crypto Investors Lost $54M to Rugpulls, Scams in May: De.Fi
Blockchain security firm De.Fi says Crypto Investors lost $54 million to rugpulls and scams in May. Michael Rosmer, co-founder of De.Fi, joins "First Mover" to discuss the definition of rugpulls and the state of crypto hacks in the past year. Plus, insights on the rebound in altcoins after a weekend sell-off.
