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China Fallout Hits Mining, Korea Digital Custody Competition Heats Up

Alibaba bans sale of crypto mining equipment. Mining rigs seized in Inner Mongolia. Korea’s NH Nonghyup bank jumps into digital custody. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Ethan Lou Takes Us Inside the North Korean Trip That Got Ethereum’s Virgil Griffith Arrested

Ethereum developer Virgil Griffith pled guilty Monday to charges related to his trip to North Korea for a blockchain conference.

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Interaxis Co-founder: Institutional Adoption of Crypto Is 'Just Not There'

Reacting to SkyBridge Capital founder Anthony Scaramucci saying institutional interest in crypto is weakening, Adam Blumberg, co-founder of financial advisor Interaxis, discusses why "institutional adoption is just not there." He adds most institutions are not ready for bitcoin, its volatility, its custody, or regulators. Plus, his views on the potential impact of China's crypto ban on the crypto markets, digital yuan, El Salvador's Bitcoin Law, and more.

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Crypto Funds Draw Most Inflows in 3 Weeks Despite China’s Crypto Crackdown

Crypto funds are drawing the most new money in three weeks, even amid China’s crackdown on cryptocurrencies. New data on weekly crypto asset flows reveals investors pumped $95 million into digital asset products last week, more than double the prior week. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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El Salvador Pres. Nayib Bukele: Almost a Third of Salvadorans Are Using the Bitcoin Wallet

Almost a third of Salvadorans, or roughly 2.1 million people, are actively using the El Salvador government-run bitcoin wallet Chivo less than a month after the country adopted the cryptocurrency as legal tender, President Nayib Bukele said in a tweet. "The Hash" team discusses the latest on the state of crypto affairs and bitcoin adoption in El Salvador.

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'Stripe for NFTs?' Immutable X Token Sale Raises Over $12.5M in Under an Hour

Ethereum scaling product Immutable X's token sale on CoinList sold out in less than an hour, raising over $12.5 million. The protocol is poised to integrate with several NFT marketplaces, including Mintable and OpenSea, saying it aims for the IMX token to be Ethereum's "Stripe for NFTs," offering gas-free NFT minting and trading. "The Hash" squad discusses the specifics, reactions, and implications of the token sale in the larger NFT ecosystem.

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Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Virgil Griffith, the Ethereum developer charged with violating U.S. sanctions law by giving a crypto and blockchain presentation at a North Korean conference in 2019, has pleaded guilty to one charge of conspiracy and could serve up to 78 months in prison.

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Chinese Ethereum Mining Pool SparkPool to Halt All Services Due to Crackdown

The world’s second-largest Ethereum mining pool, SparkPool, which initially stopped providing services to new Chinese users, has now expanded its suspension to all users by Sept. 30 following China's tightened crackdown on cryptocurrencies. "The Hash" panel discusses the outlook for mining operations in China and the wider repercussions of the country's most comprehensive crypto ban to date.

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DeFi Tokens PERP, DYDX Lead Crypto Market Higher, Bitcoin Nears $44K

Supposedly censorship-resistant decentralized finance (DeFi) rails are seeing increased activity in the wake of China’s crypto crackdown, with bitcoin also ​trending higher. GSR Co-founder & President Rich Rosenblum discusses the connection between the China crackdown and the surge in DeFi, outlook for bitcoin, buying opportunities he’s continuing to watch, and institutional adoption.

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Ethereum Developer Virgil Griffith Goes on Trial for Allegedly Advising North Korea

Virgil Griffith, a developer of the Ethereum network arrested at the end of 2019 on allegations he helped educate North Koreans about cryptocurrencies, will begin his trial Monday. Plus, the potential outcomes of the bipartisan infrastructure bill as the U.S. House of Representatives are to vote Monday.

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