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China’s Energy Crunch Cutting Manufacturing Capacity, Potentially Related to Crypto Ban
Chinese factories are struggling with an energy crisis brewing in the country. Some speculate this could provide a clue to China’s crackdowns on crypto mining operations this summer. “The Hash” team discusses the latest blow to the state of the world’s second-biggest economy and its possible role in the central government’s crypto ban.
DeFi Money Market Compound Overpays Millions in COMP Rewards, Founder Says $80M at Risk in Possible Exploit
In a possible exploit on Wednesday night, decentralized money market Compound has been erroneously paying out millions of dollars in COMP tokens intended as liquidity mining rewards following an update to one of its smart contracts. In one transaction, $27 million was claimed.
Why Is Bitcoin Bouncing?
Bitcoin has gained 6.26% to trade near $44,000 one day after exhibiting bearish price action, but why is it bouncing? Senior Trader and President of Wave Financial, Justin Chuh, discusses his crypto markets analysis and outlook.
Bitwise CEO: ‘In 2021, the Story Is Going Beyond Bitcoin’
Bitcoin has remained in a tight range between $40,000 and $45,000, but it appears to be on track for more upward momentum.
How Low Could Bitcoin Go?
Since May, bitcoin is headed to its worst month as China’s crypto ban could be driving markets lower, but how low will it go? CoinDesk’s Galen Moore discusses the potential impact of global macroeconomic events on bitcoin, saying the effect of China’s regulatory action has been “somewhat muted.”
U.S. House of Representatives Bracing for $1T Infrastructure Bill Vote
CoinDesk’s Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest on the $1 trillion bipartisan infrastructure bill and its potential impact on crypto. Plus, his views on Kraken’s $1.25 million settlement with the CFTC, which accused the crypto exchange of offering margin lending products without the proper licensing.
Securitize CEO on Bitcoin’s Next Move and the Launch of ‘Securitize Markets’
Bitcoin is rising towards the $45,000 resistance level, which could cap further upside over the short-term, but where is it headed? Carlos Domingo, founder and CEO of digital asset securities firm Securitize, discusses his assessment of bitcoin. Plus, insights into the launch of secondary marketplace Securitize Markets for trading tokenized securities.
DeFi Benefits From China Ban, Gamevil Increases Coinone Stake
China crypto ban to benefit DeFi space. Gamevil becomes the second-largest shareholder of Korea’s Coinone. Illicit mining operation discovered at Tehran Stock Exchange. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
California Pro-Bitcoin Congressional Candidate Aarika Rhodes Running to Unseat Rep. Brad Sherman
A national call to ban cryptocurrencies is not limited to China. U.S. Congressman Brad Sherman (D-Calif.) wants to do the same, but his seat is being challenged by a pro-bitcoiner and congressional candidate for California’s 30th District, Aarika Rhodes. Rhodes discusses the politics of bitcoin, sharing insights into running to unseat Rep. Sherman.
Pawn Your CryptoPunk: A New NFT DeFi Lending Market Blooms
A pawn shop for NFTs? Startup NFTfi is bringing collateralized lending to the fast-growing NFT market, providing a gateway to DeFi for retail investors. Users can mortgage their NFTs in exchange for other cryptocurrencies that can then be sold for cash. The service provides immediate liquidity to NFT holders who aren't yet ready to part with their CryptoPunks or Bored Apes. "The Hash" squad discusses the latest move signaling the growing demand for DeFi applications.
