cdtv
Bitcoin, Ether Slip as Risk Sentiment Wanes Amid Pelosi’s Taiwan Visit
The crypto market wilted as geopolitical tensions zapped investor risk appetite and excitement around Ethereum’s merge began to deflate. As Ether overtook the options market for the first time, Quantfury Head of Markets Daniel Muvdi predicts that ether has the potential to eventually “flip bitcoin in market cap.”
New York Dept of Financial Services Fines Robinhood Crypto $30M
The New York State Department of Financial Services fined Robinhood’s cryptocurrency trading unit $30 million for alleged violations of anti-money-laundering and cybersecurity regulations. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the penalty. Plus, insights into SEC's fraud charge on Ponzi scheme Forsage and latest on Bitfinext hack laundering suspects "Razzlekhan" and "Dutch."
Cross-Chain Token Bridge Nomad Loses Nearly $200M in Exploit
The cross-chain token bridge Nomad was exploited Monday, with attackers draining the protocol $200 million of its funds. Halborn co-founder Steven Walbroehl explains what happened and why crypto bridge services are frequently targeted by hackers. Plus, advice for investors on how to secure digital assets.
Flippening Ahead?; NFT Sales Fall Again
Ethereum overtakes Bitcoin in options market, prompting suggestion the flippening is imminent. Binance clarifies details of compliance efforts. Singapore court gives Vauld three months protection from creditorsNFT sales limp into July with a 25% drop from June as broader crypto slump spreads. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
U.S. Senators Introduce Bipartisan Bill to Simplify Crypto Transactions for Everyday Purchases
Senators Pat Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) introduced a new bipartisan bill that would simplify the use of digital assets for everyday purchases. Coin Center Executive Director Jerry Brito shares insights into the proposed legislation and what this means for mass adoption.
Ether Overtakes Bitcoin in Options Market for First Time
Ether (ETH), the native token of Ethereum’s blockchain, has overtaken industry leader bitcoin (BTC) in the options market for the first time on record. Plus, activity in the ether spot market is also picking up. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
What Ether Options ‘Flippening’ Means for Bitcoin
Solidus Labs Chief Operating Officer Chen Arad discusses his reading of the recent surge in ether (ETH) options and its impact on bitcoin (BTC) ahead of Ethereum’s upcoming “merge” from a proof-of-work to proof-of-stake consensus mechanism. Plus, his take on the latest crypto contagion and the lessons learned.
Putting it on the Diamond Chain: Tiffany and Co Reveals $50K CryptoPunk Pendant
Luxury jewelry brand Tiffany and Co. (TIF) is selling 250 customized, diamond-encrusted pendant necklaces for 30 ETH (around $50,000) each exclusively to holders of the famed avatar collection CryptoPunks. “The Hash” hosts discuss the significance of the luxury industry’s latest leap forward into Web3.
American Express Leads the Latest $8.4M Funding Round for NFT Platform OneOf
Sustainability-focused non-fungible token (NFT) platform OneOf has raised $8.4 million in a strategic funding round that included Amex Ventures, the venture capital arm of American Express. The credit card company will host an exclusive pop-up event that includes OneOf NFTs. “The Hash” panel discusses the outlook for corporate NFTs amid continued interest from TradFi titans.
Binance’s KYC Cost Exchange ‘Billions in Revenue,’ Says Compliance Officer
Three leading members of Binance’s compliance team opened up to Reuters about what it takes to deal with fraud, money laundering, terrorist financing and bad press for the world’s largest crypto exchange. “The Hash” team unpacks the report and what it reveals about Binance behind the scenes.