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Bitcoin Rises and Falls 7% in 24 Hours
Bitcoin on a rocky rollercoaster ride Tuesday, rising and falling about 7% over the past 24 hours. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Strike, a Chicago-based bitcoin payment provider run by crypto entrepreneur Jack Mallers, raised $80 million in a Series B funding round led by Ten31. Crypto billionaire Jihan Wu, founder of bitcoin mining rig maker Bitmain, is reportedly setting up a $250 million fund to buy distressed assets from mining firms.
Crypto Execs From Celsius, Kraken, FTX.US Step Down From Roles
Celsius CEO Alex Mashinsky, Kraken CEO Jesse Powell, and FTX.US President Brett Harrison are all stepping down from their roles amid crypto winter. U.S. Regulatory Reporter Cheyenne Ligon discusses what we know so far and what this may reveal about the state of the industry.
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Crypto billionaire Jihan Wu, the founder of bitcoin mining rig maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, according to Bloomberg. "The Hash" panel discusses what this means for the mining industry.
Alex Mashinsky Resigns as Bankrupt Crypto Lender Celsius Network’s CEO
Alex Mashinsky, the CEO of bankrupt crypto lender Celsius Network, has resigned. “The Hash” hosts discuss the past, present and future of Celsius, which was once one of the largest players in the crypto lending space.
Robinhood Launches Beta Version of Web3 Wallet to 10,000 Users
No-fee trading platform Robinhood is releasing the beta version of its Polygon-based Web3 wallet, allowing 10,000 users to swap assets on its non-custodial wallet. “The Hash” team discusses Robinhood’s latest crypto push.
FTX Wins Bid to Buy Out Bankrupt Crypto Lender Voyager Digital
Crypto exchange giant FTX won the bidding war against digital asset investment firm Wave Financial to buy the assets of bankrupt crypto lender Voyager Digital. This comes as FTX.US president Brett Harrison is stepping down from his role. "The Hash" panel discusses the implications for FTX and crypto lending at large.
Gemini Exec: We Like ‘Thoughtful’ Regulation
Crypto exchange Gemini is partnering with robo-advisor Betterment, to bring diversified crypto portfolios to investors. Gemini Chief Strategy Officer Marshall Beard discusses the partnership, along with his views on the future of crypto regulation.
Banking in the Metaverse
Host Joel Flynn discusses whether the future of banking is already a virtual reality. This story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
California, New York Join 6 States Ordering Nexo to Halt Yield Product
California, New York and six other states are suing cryptocurrency lending platform Nexo for allegedly offering unregistered securities in the form of accounts that pay interest for cryptocurrency deposits, the states said in statements on Monday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the developments.