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Report: White House to Create Ransomware Task Force

The White House is creating a new task force to investigate and tackle ransomware, including cryptocurrency payments, Politico reported Wednesday, but is it just a big PR stunt? "[The White House] is just diverting attention from the fact that they're trying to regain control of the money supply," host Naomi Brockwell said. "They can do it by smearing bitcoin, as they always have done, with the criminal brush."

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What’s Going on With Banking App Chime?

According to ProPublica, banking app Chime has allegedly been closing a disproportionate number of customers’ accounts, sometimes not returning their money in the process, due to an “extraordinary surge” in fraudulent deposits. “The Hash” panel explores the Chime controversy as it raises the potential flaws of our current financial system and limits of technology.

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Vitalik Buterin Involved in New Documentary About Ethereum

“Ethereum: The Infinite Garden” is in the works as the first feature-length documentary about Ethereum. The film is raising 750 ETH to fund it and will feature the network's co-creator Vitalik Buterin. "The Hash" team discusses the film as an opportunity for Ethereum's story to gain wider public recognition. "You're going to see more of these Vitalik-in-public moments as Ethereum looks to kind of step into its mainstream moment," host Zack Seward said.

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Fed's Powell Says Stablecoins Need Stricter Regulation

CoinDesk's Nikhilesh De reacts to Fed Chair Jerome Powell's comments to the House Financial Services Committee on the need to regulate stablecoins like bank deposits and money market funds. "The big question now is whether that will lead to any actual concrete regulations beyond just conversation," De said.

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TradeStation Exec: Paradigm Shift in Labor Market Could Have Contributed to ShapeShift’s Shutdown

James Putra, TradeStation Head of Innovation Labs, discusses crypto leader ShapeShift decentralizing its corporate governance as signaling a paradigm shift to mobile labor forces. “The labor markets have fundamentally changed,” Putra said, adding, “[you] can earn a good income and not have to be tied to one central vehicle.”

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India Seeks Crypto Advice, K-Drama Joins NFT Bandwagon

Indian High Court seeks advice on crypto advertising disclaimers. Hong Kong customs make the first crypto-related money laundering bust. K-drama “Vincenzo” joins the NFT bandwagon. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Erik Voorhees on Why ShapeShift Is Shutting Down

Erik Voorhees, ShapeShift founder and CEO, discusses why the crypto trading pioneer is transforming from a traditional equity-based VC-backed corporate entity to a decentralized autonomous organization (DAO). “Regulatory friction absolutely has a part in this decision,” Voorhees said. Plus, what’s next for ShapeShift’s shareholders, employees, and customers.

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Short-Term Return on Investment: Bitcoin Down 40%, Gold Remains Resilient

Is gold or bitcoin a safe-haven asset? Over the past few months, bitcoin’s returns have declined nearly 40%, while gold’s returns have only fallen roughly 1%. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Paraguay to Join El Salvador in Bitcoin Adoption?

El Salvador’s bitcoin adoption appears to be influencing lawmakers across Latin America to begin exploring their own crypto strategy. Paraguay is unveiling a crypto bill, but its proposed laws are nothing like those of El Salvador. Juanjo Benitez Rickmann, CEO of Bitcoin.

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Arca CIO: ‘No Bad Time to Buy Bitcoin’

Data shows bitcoin is one of this year’s worst-performing digital assets, but Jeff Dorman, CIO of crypto-asset manager Arca, says he still has a bullish outlook.

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