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ING Report: DeFi Is More Disruptive to Banks than Bitcoin
A report published by Netherlands-based ING Bank concludes that decentralized finance (DeFi) is potentially more disruptive to the traditional banking sector than bitcoin. ING used DeFi platform Aave as a case study for its report. "The Hash" panel breaks down the contents of the report and discusses the role of institutions as "lego builders" in the DeFi sector.
Kraken Ordered to Provide IRS User Info for Transactions Over $20K
A U.S. court has ruled that Kraken must comply with a “John Doe” summons that allows the IRS to track down users who transacted more than $20K in crypto on the exchange between 2016 and 2020. “The Hash” panel discusses privacy and government crypto surveillance.
Ethereum Co-Founder Anthony Di Iorio: ‘I Don’t See Things Stopping for Ether’
Ether is booming, setting new all-time highs almost daily, but what’s behind the cryptocurrency’s recent success? Ethereum co-founder Anthony Di Iorio joins “First Mover” to discuss the bull market driving Ether’s rise, Canadian ETFs, and the NFT craze. Plus, his thoughts on “Ethereum killer” projects like Polkdadot and Cardano.
‘Everyone Has Been Bitten By The Chia Bug’; Indian Banks Puzzle Crypto
The Indian crypto industry speaks out after banks try to block crypto transactions based on a banking ban that no longer exists. The Chia bug keeps on biting. The “green” alternative crypto coin has one exchange calling the first week of trading “crazy.”
How Common Is Crypto Crime?
Regulators like Janet Yellen and industry leaders like Charlie Munger have made headlines in recent weeks for claiming criminals use bitcoin, but how common is crypto crime, really? Philip Gradwell, the chief economist at Chainalysis, a crypto analytics firm, says it’s rare.
Federal Reserve Proposes Guidelines for ‘Novel’ Banks to Access Fed Payments
The Federal Reserve is developing guidelines that would, if passed, provide crypto banking companies like Avanti access to the federal payments system. CoinDesk’s Nik De breaks down the significance of the proposal. Plus, a discussion of the IRS’s recent “John Doe” summons on Kraken.
The State of Crypto in South Africa
The volatility of the Rand and exchange controls have driven widespread crypto adoption in South Africa, but lack of regulatory clarity has created problems for crypto companies like Revix, which recently moved its headquarters out of South Africa to Germany “out of desperation.”
CME Group Launches ‘Micro’ Bitcoin Futures Product
CME Group’s “micro bitcoin” futures product, announced in March, has officially opened for trading. The group hopes the new product, which is one-tenth the size of a bitcoin, will lower the barrier to entry for average investors. Tim McCourt of CME Group joins “All About Bitcoin” to discuss the launch.
Bitcoin Making Room for Ether and Other Crypto
While Ether and Dogecoin are setting new records this week, bitcoin remains in the band between $50K and $60K. CoinDesk’s Director of Data and Indexes, Galen Moore, discusses markets news and a look at bitcoin compared to other cryptocurrencies across bull and bear cycles.
Bitcoin's Seesaw Ride Following Yellen's Interest Rate Comments
Yesterday, bitcoin and the stock market fell following comments from U.S. Treasury Secretary Janet Yellen about the possibility of raising interest rates. Later, Yellen walked back her remarks, and bitcoin, apparently responding, bounced. "All About Bitcoin's" host Christine Lee looks at the price fluctuations in the Chart of the Day.