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US Infrastructure Bill Could Be ‘Disastrous’ for Crypto
“The Hash” panel digs into the updated draft language of the U.S. Senate’s $1 trillion bipartisan infrastructure bill, which narrows the definition of “broker” for crypto tax collection purposes. “The repercussions could be disastrous,” host Naomi Brockwell said, should the legislation be formally introduced.
Marathon Digital to Buy $121M of Mining Machines
Las Vegas-based mining company Marathon Digital, which some say is helping drive bitcoin mining investment in North America, has reportedly agreed to buy 30,000 Antminer S19J Pro bitcoin mining machines worth $120.7 million from major ASIC chips manufacturer Bitmain.
The Metaverse’s Emerging Economics
The metaverse is quickly becoming one of the most trendy buzzwords to put in this year's pitch deck. Over the next five years, even Facebook CEO Mark Zuckerberg predicts his social media company will transition into a "metaverse company." Cathy Hackl, Futures Intelligence Group CEO and self-claimed Chief Metaverse Officer, explains what the metaverse is all about and why it's important to invest in the space now.
What the Senate’s $1T Infrastructure Bill Means for Crypto
The Senate released the latest version of the $1 trillion bipartisan infrastructure bill Sunday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the updated language regarding increased information reporting for cryptocurrency exchanges or “brokers” of cryptocurrency transactions and why this is grabbing the attention of Crypto Twitter.
Arca Launches First Actively Managed Income Fund in the Digital Assets Space
Jeff Dorman, CIO of California fund manager Arca, discusses where bitcoin is headed next after it broke $42K over the weekend, as U.S. lawmakers introduce two bills in what may be the most sweeping legislation yet to regulate the crypto markets. Plus, Arca launches “Arca Digital Yield Fund," the first actively managed income fund in the digital asset space.
Rep. Emmer Calls Crypto Taxes in US Infrastructure Bill a 'Desperate Attempt'
Rep. Tom Emmer of Minnesota discusses the updated draft of the U.S. Senate’s bipartisan infrastructure bill aiming to raise $28 billion via crypto taxes, which clarifies brokers "effectuate" transfers of digital assets but stops short of excluding miners or other parties that don't provide customer transactions. Plus, his take on Virginia Congressman Don Beyer proposing new legislation to regulate digital assets.
China Maintains Crypto Market Pressure, J-Pop Stars Offer NFT Advice
China’s central bank to maintain pressure on the crypto market. China clarifies the legal validity of blockchain evidence, and J-Pop’s “Cryptocurrency Girls” offer NFT advice. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Lightning Labs CTO ‘Roasbeef’ on the Purpose and Progress of Bitcoin’s Lightning Network
Bitcoin’s Lightning Network has reached a new milestone, exceeding 2,000 BTC. Referred to as a “second layer” system, it is designed to reduce the time and fees to send bitcoin during periods of high network traffic.
Where People Prefer to Trade BTC
Bitcoin outflows are greater on exchanges that primarily trade crypto-only pairs than those with fiat markets, suggesting a shift in where people prefer to trade. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
What Drove This Week’s Bitcoin Rebound?
Bitcoin’s price is up about 23% over the past week and is on course for its 10-day winning streak, the longest since October 2015. CoinDesk’s Brad Keoun and George Kaloudis review the recent events that could have brought BTC to this point.