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Shiba Inu Trends in Chinese Social Media; Indonesia Mulls Crypto Tax

The meme coin craze takes Asia by storm as SHIB goes for best in show. A plan to tax crypto trading is being floated in Indonesia. Virtual is the new reality as Zepeto partners with The Sandbox to launch NFTs. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Chart of the Day: Bitcoin Mining Consumes Almost The Same Amount of Electricity as Malaysia or Egypt

“All About Bitcoin” host Christine Lee breaks down the chart tweeted by Elon Musk Thursday, with bitcoin’s annualized estimate electricity consumption being approximately 150 TWh, or about the same size consumed by Malaysia or Egypt.

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Elon Musk, Bitcoin and the Ongoing Energy Debate

Responding to Elon Musk calling the bitcoin energy usage trend “insane,” CleanSpark CEO Zach Bradford sheds light on the ongoing debate about cryptocurrency and energy consumption.

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New Constructs: Coinbase Stock Could Fall to $100

Coinbase shares (COIN) have fallen over 30% since going public in April. New Constructs CEO David Trainer explains why he expects the share price to go down even further to $100.

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Vitalik Buterin's Re-Gift of Shiba Inu Coin Sends Memecoins Plummeting

The creator of Ethereum, Vitalik Buterin, sent memecoin prices spiraling after he made a massive donation of an unsolicited dogecoin knockoff, Shiba Inu (SHIB), to charity. "The Hash" panel discusses the impact of Buterin's move on the crypto markets.

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Elon Musk Says Tesla Suspending Bitcoin Payments, Citing Environmental Concerns

In a reversal, Tesla CEO Elon Musk says the electric car manufacturer would no longer be accepting bitcoin payments due to environmental concerns. The price of bitcoin and other cryptocurrencies dropped in response. “The Hash” panel debates the timing and what’s really behind Tesla’s U-turn.

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Privacy Browser Brave Integrates .Crypto Blockchain Domains

The Brave privacy browser announced an integration with .crypto blockchain domains, which will expand access to Web 3.0. CoinDesk privacy reporter Ben Powers breaks down what this integration means for Brave users, as well as the value of a blockchain-based DNS.

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MicroStrategy Buys the Dip...Again

MicroStrategy announced the company bought another $15 million of bitcoin. "The Hash" panel discusses how CEO Michael Saylor continues to double down on BTC and the potential impact on the markets.

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JPMorgan and Other Banks Plan to Issue Credit Cards to People With No Credit

A pilot program launched by JPMorgan and several major banks will issue credit cards to people with no credit scores. Instead of credit scores, the U.S. banks will share other customer data, including bank statements and other banking habits. "The Hash" panel discusses how it's connected to crypto and how traditional finance is changing in response to DeFi.

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China’s Miners on Tesla’s Bitcoin 180; Animoca Brands: A Star is Born

Tesla’s Elon Musk backtracks on accepting bitcoin as payment for environmental reasons, and the Chinese mining industry reacts. A blockchain unicorn is born in Hong Kong as Animoca Brands raises $88 million in a new round of fundraising. Huobi Group launches a venture arm for blockchain and DeFi investments. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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