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Bitcoin Drops After Binance Pauses Withdrawals Twice

Bitcoin (BTC) has slipped below $28,000 as traders react to crypto exchange Binance pausing withdrawals twice over the weekend. Binance has since resumed bitcoin (BTC) withdrawals. Those latest market updates and other news shaping the cryptocurrency world are in this episode of "The Daily Forkast."

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Binance Resumes Bitcoin Withdrawals After Second Pause in 12 Hours

Crypto exchange Binance has resumed bitcoin (BTC) withdrawals after a second pause over the weekend, as the Bitcoin network suffers from unprecedented congestion. 21.co co-founder and CEO Hany Rashwan discusses the potential impact on the crypto markets. Plus, Rashwan's outlook for memecoins as Pepecoin (PEPE) holders may be taking profits on their positions.

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DOJ Investigating Binance for Russia-Related Sanctions Violations: Bloomberg

Bloomberg reports that the U.S. Department of Justice's national security division is conducting an inquiry into whether Binance allowed Russian customers to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine. Spokespeople for Binance and the Justice Department did not immediately return CoinDesk's requests for comment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.

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VCs Invested $2.4B Into Crypto Startups in Q1 2023: Galaxy Digital

A recent Galaxy Digital report reveals that venture capitalists invested roughly $2.4 billion into crypto-focused startups and protocols in the first quarter of this year. The report notes that this is the lowest level in over two years. Kavita Gupta, Delta Blockchain Fund founder and GP, joins "First Mover" to discuss the state of VC investments and how global crypto regulations are impacting the industry overall.

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Digital Bank Revolut Is Launching Crypto Investments in Brazil

Digital bank Revolut, which already offers crypto investments across Europe, is now open for business in Brazil. Revolut Brazil CEO Glauber Mota discusses the company's expansion into Latin America and shares his outlook on the adoption of digital assets in Brazil.

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Solana Labs CEO: Wasn't Sure the Ecosystem Would Survive After FTX

Former FTX CEO Sam Bankman-Fried was a big supporter of Solana, previously investing in its native token SOL. Solana Labs CEO and co-founder Anatoly Yakovenko weighs in on FTX's "outsized" influence on the ecosystem and what its collapse meant for Solana.

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Bitcoin Ordinals Controversy Brews; Montana's Governor Signs New Crypto Mining Bill Into Law

Independent freelance software developer Super Testnet tweeted on Friday, "I did not break ordinals, just crashed the ordinal explorer used by unisat and ordinalswallet (that explorer is now fixed) and uncovered a bug in another that lets you misnumber inscriptions." Separately, Montana's governor has signed a bill into law that effectively preserves the rights of crypto miners in the state.

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Biden Administration Pushes for Punitive Tax on Crypto Mining

Troy Cross, professor of Philosophy and Humanities at Reed College and Fellow at Bitcoin Policy Institute, joins "All About Bitcoin" to discuss the energy usage of bitcoin mining and the White House's proposal to push for a punitive tax on crypto mining tax.

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Bitcoin's Average Transaction Fee Jumps: Data

On Wednesday, the average fee per Bitcoin transaction rose to $7.25, the highest since July 2021. For comparison, the rate so far this year has fluctuated between roughly 50 cents and $4, data from BitInfoCharts shows. CoinDesk Senior Research Analyst George Kaloudis presents “The Chart of The Day.”

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MeWe CEO on the Future of Privacy-Focused Social Networks

Social networking app MeWe is taking measures to help its users take control of their identity data. MeWe CEO and Chairman Jeffrey Edell joins "The Hash" to share insights into bringing the Frequency blockchain's self-sovereign identity to MeWe's 20 million users and the importance of privacy protection. Plus, his take on the future of Web3 in Hollywood.

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