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TIME Magazine to Hold ETH on Balance Sheet as Part of Galaxy Digital Metaverse Deal
TIME Magazine will hold ether on its balance sheet for the first time as part of a deal with crypto investment firm Galaxy Digital to educate readers about the metaverse. The publication is rolling out a “TIME 100 Companies” list for the metaverse and a weekly newsletter as part of the partnership. "The Hash" squad discusses the latest continuation of TIME's expansion into the world of crypto.
ConstitutionDAO Raises Over $40M for Sotheby’s Auction, Plans to Issue Governance Token $PEOPLE
A longshot bid for a decentralized autonomous organization (DAO) to buy one of 13 original copies of the U.S. Constitution is looking increasingly like a lock. The group has now raised $40 million and counting, well above auction house Sotheby’s upper estimate of a $20 million price. It also plans to issue governance token "PEOPLE." The panel for "The Hash" discusses the latest in an ongoing story illuminating the power of DAOs.
Amazon to Stop Accepting Visa Credit Cards Issued in UK Due to High Fees
Amazon has pulled support for Visa credit cards in the United Kingdom, citing high fees. "The Hash" team discusses the move and its implications for payment networks in the crypto industry. "I'm glad that more merchants are realizing how high the fees are with these credit cards," host Naomi Brockwell said. "Crypto can provide a much better alternative."
Privacy Bowser Brave Launching Built-In Crypto Wallet
Crypto-centric privacy browser company Brave now has a built-in crypto wallet that deepens its foray into crypto self-custody. This comes after years of relegating to third-party wallet extensions like MetaMask. Brave, which has over 42 million monthly active users, also plans to add Solana support in early 2022. CEO and co-founder Brendan Eich shares his insights.
What’s Driving Bitcoin Price Movement?
Bitcoin appears exhausted, having failed to chart a convincing breakout beyond April highs for almost four weeks. Marc Lopresti, co-managing director at The Strategic Funds, discusses the new support and resistance levels to watch for bitcoin as indicators of a continued bull market.
Taproot Unlocks Bitcoin Opportunities, Mintable Aims Big
Bit Digital says the entire crypto mining fleet is now out of China. Taproot upgrade unlocks greater bitcoin network utility. Singapore's Mintable aims to become the world's largest NFT marketplace. We'll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Lawmakers Introduce Bill to Modify Crypto Tax Provision in Biden Administration’s $1T Infrastructure Law
A bipartisan group of U.S. lawmakers have introduced a bill to amend the crypto-related provisions in the bipartisan infrastructure bill signed into law earlier this week. CoinDesk’s Nikhilesh De discusses the latest on crypto regulation.
Former CFTC Commissioner Brian Quintenz on Brewing Turf War in Crypto Regulation: 'Congress Needs to Be More Engaged'
Former CFTC Commissioner Brian Quintenz shares insights into the biggest crypto regulatory challenges in the U.S. "There's been a turf battle among newly appointed heads of regulatory agencies," he said. "I'd like to see a more coordinated approach ... [and] I would like to see Congress more engaged." Plus, why he thinks there are better candidates than Saule Omarova to head the OCC "that could offer more stability ... in regulatory decision making."
Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends
As bitcoin nurses a weekly price drop of 9%, its social metrics indicate the retail crowd is high on “hopium,” crypto slang for hopes of a quick recovery and a continued bull run. New data reveals “buy the dip” mentions on social media rose to 952 Tuesday, hitting the highest levels since Sept. 7, when bitcoin crashed by 11%. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Global Macro Factors Impacting Bitcoin Price
Bitcoin is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000. CoinDesk Director of Data and Indexes Galen Moore discusses the macro factors that may be impacting the price of bitcoin and the wider crypto markets. Plus, his views on shifting global risk appetites towards cryptocurrencies.