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Davos 2023: Role of Enterprise Blockchain
At the World Economic Forum in Davos, Casper Labs CEO Mrinal Manohar and Hedera chief of staff and head of global policy Nilmini Rubin join "First Mover" to discuss the state of enterprise blockchain projects. Plus, insights on restoring trust in the crypto industry after a year of negative headlines and an outlook on regulation in 2023.
Bitcoin Falls From Multi-Month High, Crypto-Related Stocks Pull Back
Earlier Wednesday, bitcoin (BTC) reached its highest point before the FTX collapse. Brad Keoun, CoinDesk Managing Editor of Tech and Protocols, discusses the latest price movement for the largest cryptocurrency by market capitalization, as Bloomberg reports Genesis is in confidential negotiations with various creditor groups, with the company warning it could seek bankruptcy protection if it fails to raise capital. Keoun also weighs in on Grayscale Bitcoin Trust discount narrowing. DCG is the parent company of Grayscale, CoinDesk, and Genesis.
Bitcoin Slips Below $21K After Surging to Four-Month High
Just hours after surging to a four-month high, bitcoin (BTC) is back below the $21,000 threshold. This comes as Genesis Global Capital is laying the groundwork for a bankruptcy filing, according to multiple reports. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day. DCG is the parent company of CoinDesk and Genesis.
Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
Quantfury CEO Ali Pourdad discusses the potential factors driving bitcoin (BTC)'s price below $21,000 and the impact of Genesis Global Capital laying the groundwork for a bankruptcy filing, according to published reports. DCG is the parent company of CoinDesk and Genesis.
Sam Bankman-Fried Again Defends FTX US, Saying It 'Was and Is Solvent'
In a new Substack post on Tuesday, former FTX CEO Sam Bankman-Fried reiterated his claims that FTX US "was and is solvent." "The Hash" panel discusses the latest from the fallen crypto entrepreneur who faces trial on fraud charges.
ConsenSys Confirms Layoffs Amid 'Uncertain Market Conditions'
Ethereum development company ConsenSys will be cutting 97 jobs, said CEO Joe Lubin in a blog post on Wednesday, confirming, for the most part, a report by CoinDesk last week. "The Hash" panel discusses the move as Lubin said it was a "difficult decision to streamline some of ConsenSys' teams to adjust to challenging and uncertain market conditions."
Coinbase to Halt Operations in Japan as Crypto Winter Drags On
Cryptocurrency exchange Coinbase (COIN) said it is halting its operations in Japan, citing "market conditions" and confirming earlier reports that it would close shop in the country. Customers have until Feb. 16 to withdraw their fiat and crypto holdings from the exchange. Fiat deposits will be halted on Friday. "The Hash" panel discusses the latest from Coinbase and the implications for the Japanese crypto market.
Bitzlato Founder Arrested, US Department of Justice Says
The U.S. Justice Department and Treasury Department have targeted Bitzlato Limited, a Hong Kong-registered cryptocurrency exchange, with accusations of money laundering. According to the Department of Justice, Bitzlato founder Anatoly Legkodymov was arrested in Miami and is slated to be arraigned in the U.S. District Court for the Southern District of Florida on Wednesday afternoon.
Anthony Scaramucci Reacts to DCG Suspending Dividends
Skybridge Capital Founder Anthony Scaramucci discusses his take on cryptocurrency conglomerate Digital Currency Group (DCG), informing its shareholders that the firm is suspending dividends until further notice. DCG is the parent company of CoinDesk.
Anthony Scaramucci on Backing Former FTX.US President's New Venture
Anthony Scaramucci, founder of Skybridge Capital and the SALT conference, discusses why he's investing his personal funds in a firm set up by former FTX.US president Brett Harrison. "This is from my personal money into Brett Harrison's business," The Mooch said. "I think he got blindsided by FTX international situation."