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Russia to Legalize Crypto Mining, Korean Candidate Goes All Out Crypto
China’s e-CNY makes Double 11 shopping extravaganza debut. Russia looks to legalize crypto mining. Korean presidential candidate Lee Jae-Myung goes all out on crypto. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
How Does Chia Network Help Costa Rica to Track Climate Change?
Chia Network, the blockchain and smart transaction platform, will supply technical services for the Costa Rican government’s climate change metrics system. Why did the Central American country choose Chia? “They like us because of our greenness,” Bram Cohen, co-founder of Chia Network, said.
Rapper Money Man Becomes the First Artist to Receive Advances in Bitcoin
Atlanta-based multi-platinum rapper and entrepreneur Money Man has become the first artist to receive advances in bitcoin. Music label Empire paid its first artist advance in BTC to Money Man worth $1 million through Square's Cash App. Money Man, along with Empire CEO and founder Ghazi, share their insights.
Makara CEO: Bitcoin's Pullback a 'Natural, Healthy Movement in the Market'
Jesse Proudman, CEO of crypto investment advisor Makara, discusses his bitcoin analysis as it retreats from an all-time-high near $69,000. The pullback is a "natural, healthy movement in the market as we continue to move up," Proudman said. Plus, his views on bitcoin as an inflation hedge, buying trends to watch among investors, and reactions to Miami Mayor Francis Suarez's crypto ambitions for the city.
Bitcoin and Stock Markets Demonstrate Stronger Positive Price Correlation Amid Inflation Fear
The closing price of the U.S. stock indexes, alongside bitcoin and ether over seven days, reveals the bearish reaction to rising inflation. The 90-day correlation between bitcoin and the S&P 500 has increased from around zero in June to about 0.3% now, representing a slightly positive price relationship. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
China’s Xi Cements Power With Historic Communist Party Resolution
President of China Xi Jinping has issued a new historic resolution to cement his leadership as the head of the Chinese Communist Party (CCP) going forward. The only other leaders who have pushed through such resolutions on the party’s history are Mao Zedong and Deng Xiaoping.
Bitwise Withdraws Bitcoin Futures ETF Filing, Citing Cost, Complexity
Bitwise Asset Management has withdrawn the application for its Bitcoin futures ETF, citing what it said are the cost and complexity of such ETFs. The company will instead focus its efforts on its spot bitcoin ETF filing already in the pipeline. "The Hash" squad discusses the story and what it reveals about the pros and cons of investing in ETFs.
Discord Retreats on Crypto, NFT Implementation After User Backlash
Reacting to wide user protest, Discord Inc. has backtracked on considering linking its popular chat app to the Ethereum blockchain three days after it first teased the idea. “The Hash” team reacts, discussing what to make of the pushback from the gaming community.
Sotheby’s to Allow Live Bidding in Ether for Works by Banksy
Sotheby's will allow live bidding in ether in an upcoming virtual exhibition Nov. 18 to be held at its "headquarters" in Decentraland. Auctioneer Oliver Barker will be fielding real-time bids for street artist Banksy's "Trolley Hunters" and "Love Is In The Air" (2006). "The Hash" hosts discuss the latest in the 277-year-old British auction house's ongoing experiment with crypto.
Bitcoin Retreats From All-Time High, Ether Follows
Bitcoin is down 5% in the last 24 hours after peaking at an all-time high of around $68,950 Wednesday. Ether also reached an all-time high Wednesday, hitting $4,851, but is down a little over 2% on the day. Rich Rosenblum, co-founder and president of GSR Markets, discusses the potential factors driving lower prices.