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Jay-Z to Auction ‘Reasonable Doubt’ Anniversary NFT at Sotheby’s
Rapper Jay-Z is auctioning off a non-fungible token (NFT) with Sotheby’s on the 25th anniversary of his “Reasonable Doubt” album, featuring famed artist Derrick Adams. “The Hash” panel talks about the rap scene’s heated affair with cryptocurrency. Plus, Sotheby’s continued adventure in digital assets and its influence in driving mainstream adoption of crypto.
The Problem With El Salvador’s Bitcoin Law, Effective September 7
Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).
The Impact of Google Delaying Chrome's Cookie-Blocking Privacy Plan
Google is delaying its long-promised efforts to block third-party cookies from its Chrome browser to 2023. The tech giant aims to kill cookies in Chrome and replace it with a system called Federated Learning of Cohorts (FLoC). "The Hash" panel explores data privacy and implications for blockchain tech.
Why Is Dfinity's ICP Token Down 95%?
Two months after its launch, the Dfinity Foundation's internet computer (ICP) token has crashed 95% from a high of around $630 to roughly $35. "The Hash" team explores the potential factors driving the price drop and the outlook for the token.
El Salvador: Watershed Moment for Crypto as Bitcoin Becomes Legal Tender This September
Bitcoin will officially become legal tender in El Salvador beginning September 7, and any citizen who signs up for the digital wallet “Chivo” will receive $30 worth of the cryptocurrency. “The Hash” hosts discuss El Salvador’s bitcoin currency rollout and why this is a watershed moment for the digital asset space.
Building Construction Meets Blockchain, Binance Launches NFT Platform
New South Wales sees launch of blockchain platform to track building construction quality. Binance launches its NFT marketplace with a debut sale featuring digital Dali. With the Hong Kong Digital Art Fair set to feature NFTs, Forkast speaks to one artist about its impact on the art world. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Could Miami Become the Crypto Capital of the World?
Miami mayor Francis Suarez discusses the city's first-mover advantage and ambition in the race to become the world's next crypto capital with incentives to come to Miami for local and global talent, attracting Chinese miners in the great migration, synergies with Latin American banks, El Salvador, bitcoin volatility, U.S. dollar infrastructure, and crypto regulation.
How Is El Salvador’s Currency Law Impacting Bitcoin’s Price?
Gavin Michael, CEO of digital wallet provider Bakkt, has bitcoin price analysis and outlook, as El Salvador confirmed bitcoin will become legal tender on September 7. “Bitcoin has really proven that it’s here to say,” he said.
Are Institutional Investors Getting Cold Feet?
Grayscale Bitcoin Trust (GBTC) shares bought in January will be unlocked next month, and the incentive to reinvest is relatively low. CoinDesk's Galen Moore discusses whether such "unlockings" discourage institutional investments. He also suggests where Chinese miners might be headed following further operations crackdowns. Plus, what Coinbase entering the Japanese market means for the global crypto community and regulatory framework.
Why JPMorgan Analysts Are Bearish on Bitcoin
While some observers say bitcoin's price has bottomed out, analysts at JPMorgan remain bearish, identifying the impending unlocking of shares in the Grayscale Bitcoin Trust (GBTC) purchased in January as a source of downside risk to the cryptocurrency. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.