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The Father of PlayStation Doesn’t Like Metaverse or VR Headsets
In an interview with Bloomberg, PlayStation creator Ken Kutaragi called the metaverse “isolating” and VR headsets “annoying.” Kutaragi equated the metaverse to nothing more than an anonymous message board. “The Hash” hosts discuss the strengths and weaknesses of Kutaragi’s criticisms amid the metaverse increasingly moving to lead the gaming revolution.
Russian Bank Calls for Crypto Ban, Korea’s Lofty Metaverse Goals
Russia’s central bank calls for crypto ban. Foxconn chair says 2022 is the first year of the metaverse for the company. South Korea aims to become top five metaverse leader by 2026. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
SEC Chair Gary Gensler to Reign in Crypto Exchanges With Tighter Scrutiny
Reacting to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler wanting greater regulatory scrutiny for crypto exchanges, former SEC Commissioner Paul Atkins discusses whether exchanges indeed present an inherent danger to consumers. Plus, thoughts on U.S. crypto regulation under Gensler vs. former Chair Jay Clayton.
Why Congressman Tom Emmer Wants to Limit the Fed’s Ability to Issue Digital Dollar
Congressman Tom Emmer (R-MN) shares insights into his new bill aimed at prohibiting the Federal Reserve from issuing a CBDC directly to individuals. This comes after the Fed has just released a white paper on the digital dollar.
India’s Crypto Industry Has Great Expectations From New Budget
India’s cryptocurrency ecosystem is eagerly hoping for a hint of regulation from the government come Feb. 1, 2022. India’s Finance Minister Nirmala Sitharaman is set to present the nation’s budget, which is considered the most important financial day of the year for the world’s largest democracy.
Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
For the second time this month, bitcoin has dipped below $40,000, hitting $38,642 mid-way through the Asia trading session. BTC is down by nearly 11.5% in the last 24 hours. MarketGauge Group Managing Director Michelle Schneider discusses the potential catalyst behind the market sell-off and whether BTC has further room to fall.
Tezos Co-Founder on Carbon Footprint, Proof-of-Work vs. Proof-of-Stake
Kathleen Breitman, co-founder of the Tezos blockchain, explains how their protocol utilizes proof-of-stake to maintain energy efficiency. Plus, her opinion on the ongoing debate in the crypto space about how proof-of-stake compares to proof-of-work.
Is Tezos ‘More Democratic than the United States?’
Tezos Co-founder Kathleen Breitman breaks down the blockchain’s unique governance system where token holders can propose amendments to the software, promoting “digital equality.” Plus, Breitman explains how the Tezos democratic update infrastructure compares to that of centralized programs like Google Chrome.
Bitcoin Continuing to Hold $40K Support Level, Facing $43K-$45K Resistance Zone
Bitcoin continues to hold support above $40,000 as momentum improves on intraday charts. Upside appears to be limited toward the $43,000-$45,000 resistance zone. $48,000 could present another hurdle for buyers, given the series of lower price highs since November. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto
The mayor of Rio de Janeiro, Brazil’s second-most populous city, reportedly announced last week he plans to allocate 1% of the city’s treasury reserves to cryptocurrencies. Bruno Ramos de Sousa, Head of Global Expansion at Brazilian crypto asset manager Hashdex, shares insights into what this could mean for bitcoin adoption in Brazil.