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The Record-Smashing Funding Quarter, Venture Capitalists Invested $6.5B Into Crypto and Blockchain in Q3
New data from market intelligence firm CB Insights reveals global venture capital (VC) funding into crypto and blockchain reached an all-time high of $6.5 billion in the third quarter of 2021. This surpassed the updated second-quarter total of $5.2 billion, but what does the number mean? "I do see a giant push across all sectors towards decentralization," host Naomi Brockwell said.
JPMorgan: CBDCs Can Save Firms $100B a Year in Cross-Border Costs
A new report by consulting firm Oliver Wyman and JPMorgan says a central bank digital currency (CBDC) network could save global corporations over $100 billion per year in transaction costs for cross-border payments. “The Hash” panel digs into the key takeaways and what they suggest about the potential benefits of CBDCs from a banking perspective.
ETH and SOL Hit All-Time Highs, CBA to Offer Crypto Services
Ethereum and Solana hit all-time highs. Australia’s CBA to offer crypto services. Hong Kong fintech week underway. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
NFT.NYC CEO on Sold Out 2nd Annual Conference
As the digital collectibles market heats up, the art, gaming, tech, and financial worlds are colliding in New York for a sold-out week-long conference on NFTs called "NFT. NYC." CEO Jodee Rich discusses the event, the rise of NFTs, and the wider obstacles ahead for the NFT space. Plus, reactions to Facebook's take on the metaverse as a potential threat to smaller crypto communities.
Biden Administration: Stablecoins Should Be Regulated Like Banks
The long-awaited stablecoin report from the President’s Working Group on Financial Markets (PWG) suggests prudential bank regulators should oversee stablecoin issuers. Rep. Warren Davidson (R-Ohio) shares insights into the U.S. crypto regulatory landscape for stablecoins, custody issues, DeFi, and tether.
What’s Driving the Ethereum Rally?
Ethereum hits another new all-time high as it broke $4,600 Tuesday. CoinDesk Indexes Managing Director Jodie Gunzberg discusses her take on the factors that contribute to the price surge: institutional factors, Ether’s use cases, and the influence of meme coins.
What’s Driving Bitcoin’s Bull Run?
Global Head of Digital Assets at global crypto broker ED&F Man Capital Markets Brooks Dudley discusses his crypto markets assessment and outlook after bitcoin posted its biggest monthly price gain in October since December 2020 and whether it’s institutions or retail investors driving the rally.
Bitcoin Eyes Fed Meeting After Biggest Monthly Price Gain Since December 2020
Bitcoin’s October rally appears to have put the cryptocurrency on a firm footing ahead of central bank meetings in the U.S., U.K., and Australia to assess the stickiness of inflation and determine policy response. BTC surged nearly 40% in October, recording the biggest single-month percentage rally since December 2020.
Biden Administration to Congress: Put Stablecoins Under Federal Supervision or We Will
In a highly anticipated report released Monday, a group of U.S. regulators from the President’s Working Group on Financial Markets urged lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. The group also identified three main risks of stablecoins.
Binance Temporarily Disables All Crypto Withdrawals, Cites Backlog
Binance, the world’s largest crypto exchange, temporarily disabled all crypto withdrawals for a time Monday due to a large backlog. Withdrawals resumed about 25 minutes after the stoppage was announced, before being disabled and then resumed again. “The Hash” team discusses the significance of the outage.