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China’s WeChat Bans NFT Accounts; Zilliqa Token Soars
NFT accounts banned from WeChat due to “crypto speculation”. India’s IMF Mission chief warns over crypto. Zilliqa on a tear after Metapolis metaverse launch event announcement. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
CFTC Chairman Rostin Behnam to Testify Before House Agriculture Committee
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De explains what to expect from CFTC Chairman Rostin Behnam’s testimony before the House Agriculture Committee. Plus, a conversation about Bruce Fenton’s run for a New Hampshire U.S. Senate seat and the broader trend of crypto industry engagement in politics.
Crypto Trends Upward Despite Axie Infinity Hack
Ledn Co-Founder & CSO Mauricio Di Bartolomeo explains why the crypto markets are trending upward as the industry reacts to the $625 million exploit of Axie Infinity’s Ronin network. Di Bartolomeo addresses other recent hacks like Badger DAO and Wormhole, while noting macro factors at play, such as the excitement surrounding the Ethereum merge to proof-of-stake.
What the $625M Axie Infinity Hack Reveals About the State of Crypto
Former CIA Agent and ZeroFox Director of Intelligence Services Adam Darrah provides an in-depth analysis regarding the exploit of Axie Infinity’s Ronin network, the largest hack in decentralized finance (DeFi) history. Darrah explains how law enforcement will use blockchain information to unmask the attackers and possible missteps they made since acquiring the funds.
Could the Axie Infinity Hack Happen on the Bitcoin Network?
Halborn Co-Founder Steven Walbroehl discusses security issues with centralized cross-chain bridges following the $625 million exploit of Axie Infinity’s Ronin network. Plus, why proof-of-work consensus mechanisms are more secure and the possibilities of a similar attack on the Bitcoin network.
Bitcoin’s Correlation to Meme Stocks Reaches Highest Level Since 2020
CoinDesk Markets Analyst Damanick Dantes discusses bitcoin’s strong correlation with meme stocks at its highest level since 2020, and what it reveals about the crypto markets. Plus, his bitcoin price outlook as the Luna Foundation Guard purchased over $270 million in BTC this week for its UST stablecoin reserves.
Axie Infinity Owner to Reimburse Players After Massive Hack
The owner of Axie Infinity, blockchain gaming firm Sky Mavis, has vowed to reimburse players of stolen crypto following the $625 million exploit of the play-to-earn game’s Ronin network. “The Hash” team discusses why the attackers could face difficulties using the stolen funds, and how law enforcement could be involved in this situation.
AAVE Surges Nearly 97% Following V3 Upgrade
Decentralized finance (DeFi) tool Aave’s native token surged nearly 97% following the protocol’s version 3 (v3) upgrade. “The Hash” team discusses Aave’s role as the leader in DeFi lending and how its growth could help mainstream adoption.
Visa Launches NFT Program
Visa has announced its new “Creator Program” that will help selected small business owners in fields like music, fashion and film expand their work into the NFT space. “The Hash” team discusses former Major League Baseball player Micah Johnson’s involvement in this project and how NFTs can empower creators.
Alibaba Invests in AR; Ronin Network Hacked
Alibaba leads funding round for AR glasses maker Nreal. Hong Kong's HKEx to trial digital assets trading in “Diamond” pilot. Axie Infinity blockchain Ronin suffers $600M exploit. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”