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Bitcoin Bounces Back; S Korea Crypto Tax Delay
Bitcoin recovers above $20,000 after weekend slump. Elon Musk pumps life into dogecoin amid lawsuit. Chinese online retail giant JD.com tops $60 million in digital yuan sales during 618 shopping festival. South Korea’s 20% crypto gains tax pushed back another two years.
3AC Foreclosure Concerns Grow; Fed Boost Short Lived
BlockFi is reportedly among those that liquidated Three Arrows Capital positions. Fed boost to crypto market proves short lived. Huobi to exit Thailand permanently on July 1. Hong Kong Monetary Authority joins with Bank of Israel to investigate CBDC cybersecurity. China media watchdog: NFTs are digital publications and need to be censored. Should NFT collectors be buying insurance? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Crypto Bounces After Fed Hike; Three Arrows Insolvency Concerns
Crypto markets react positively to the Federal Reserve’s largest hike since 1994, but longer term concerns remain. Singapore-founded Three Arrows Capital is in hot water over liquidation concerns, Coinbase lays out plans for development in India despite global job cuts, and Yahoo and Meta will use Hong Kong as a metaverse test bed.
Katie Haun’s New Fund Leads $32M Round in Lending Protocol Euler
Euler XYZ CEO Michael Bentley discusses the recent $32 million raise in a funding round led by former A16z executive Katie Haun’s Haun Ventures. Plus, Bentley shares his thoughts on the current state of DeFi as several major lenders are facing concerns over liquidity.
Kevin O'Leary: We're Not at Crypto Market Bottom Yet
“Shark Tank” host and WonderFi Strategic Investor Kevin O’Leary explains why he believes the current downturn in the crypto markets isn’t over just yet. He also discusses Celsius freezing withdrawals for users, the Luna collapse, and future of stablecoin regulation in the United States.
How Metaverse Tokens are Performing Amid Recent Market Volatility
Metaverse tokens like Decentraland's MANA are up nearly 20% in the last 12 months, amid recent market turbulence. Decentraland Foundation Creative Director Sam Hamilton joins to discuss how the metaverse platform is performing, along with its celebrations for Pride Month with in-game festivities.
Celsius Had 'Their Heads in the Sand': Fmr CFTC Chair
Former CFTC Chairman and Harvard University Research Fellow Timothy Massad weighs in on the future of crypto regulation as Celsius announces it is freezing all account withdrawals.
Bitcoin Drops Toward $20K Ahead of Fed Decision
Digital Asset Research CEO Doug Schwenk discusses the state of the crypto markets as investors await a key rate decision from the Federal Reserve.
Rapper French Montana on NFT Slump: Only the Strong Survive
Three-time grammy-nominated recording artist and entrepreneur French Montana discusses his new “French Family” NFT project. Montana also shares his take on the current state of the NFT market amid a crypto downturn and his advice for upcoming artists new to the space.
NYC Mayor Wants Governor to Veto Bitcoin Mining Bill: Report
Nikhilesh De, CoinDesk managing editor for global policy & regulation, discusses the highlights from Consensus 2022, along with the top regulation headlines to watch this week.