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Why Ether's Price Could See Volatility After Shanghai Upgrade
The Ethereum blockchain's upcoming Shanghai upgrade could affect the demand-supply balance in the ether market right away, keeping the cryptocurrency more volatile than it was in weeks after Ethereum's "Merge," a historic transition to a proof-of-stake consensus mechanism from a proof-of-work that took place on Sept. 15. "The Hash" panel discusses the outlook for the Ethereum community.
Jump Crypto Booked $1.28B in Profits as Terra's Ecosystem Crumbled: Sources
When U.S. regulators sued Do Kwon and Terraform Labs this week for the spectacular implosion of their UST stablecoin and related LUNA token, a huge question was left unanswered: who was the trading partner that booked $1.28 billion in profits as Terra’s $40 billion ecosystem crumbled? According to CoinDesk sources, it was Jump Crypto, a company whose parent has deep roots in conventional finance that’s become a giant in digital assets. “The Hash” panel discusses the latest developments after the SEC released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs.
Binance Mulls Cutting US Ties in Face of Crypto Crackdown: Report
Binance Holdings, the world’s largest crypto exchange, is considering severing its ties with U.S. business partners as various government agencies and regulators continue to investigate the company, according to a Bloomberg report, citing a persona familiar with the issue. “The Hash” panel discusses the outlook for Binance amid heightened regulatory scrutiny.
Bitcoin Slips After Touching $25K Earlier This Week
Bitcoin (BTC) is pulling back slightly after trading above $25,000 earlier in the week. Arca Head of Research Katie Talati discusses the potential catalysts and why the largest cryptocurrency by market capitalization is retreating on Friday.
Arca Head Of Research On Blur's Rapid Rise
NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent. Earlier this week, Blur overtook OpenSea in daily Ethereum trading volume for the first time, according to data from Nansen. Arca Head of Research Katie Talati weighs in on Blur's rapid growth.
Former CFTC Chairman Massad: SEC 'Absolutely Right' on Suing Terraform Labs, Do Kwon
The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chairman Timothy Massad reacts to the allegations, adding that the industry often complains about lack of regulatory clarity, but "you just need to have good lawyers that read the law."
Coinbase Chief Policy Officer on Staking Services Outlook
SEC Chair Gary Gensler is warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the U.S. and cough up a $30 million fine. This comes as Coinbase CEO Brian Armstrong tweeted that his exchange's staking services are not securities and "we will happily defend this in court if needed." Coinbase Chief Policy Officer Faryar Shirzad joins the conversation.
The Road Ahead for Bitcoin
Bitcoin rallied to $25,000 before the largest cryptocurrency by market capitalization retreated. Host Angie Lau discusses BTC's recent price action. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
SEC Sues Terraform Labs, CEO Do Kwon For Defrauding Investors
On Thursday, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the firm behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. The SEC is charging Terraform and Kwon with fraud, selling unregistered securities, selling unregistered security-based swaps and other related claims. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the charges in the aftermath of a collapse that triggered a wave of bankruptcies in the crypto industry.
Cryptocurrency Payments App Wirex and Visa Expand Partnership to 40 Countries
London-based cryptocurrency payments app Wirex has signed a long-term global partnership with Visa (V) to expand its footprint in Asia-Pacific (APAC) and the U.K. Wirex will now be able to directly issue crypto-enabled debit and prepaid cards to over 40 countries to over 5 million customers. Wirex Regional Managing Director Svyatoslav Garal shares insights into the expansion.