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Texas Cracks Down on BlockFi, Joining Alabama, New Jersey
Texas is the latest state after Alabama and New Jersey to join the list of jurisdictions filing a cease-and-desist order against BlockFi, with its regulators alleging on Thursday the crypto lender's Interest Account (BIA) product is a security under state rules. CoinDesk's Nikhilesh De discusses the latest developments swirling around BlockFi and its regulatory implications.
Apollo 11 Arrives in Decentraland on 52nd Anniversary of Moon Landing
Apollo 11 is arriving in Decentraland Saturday, July 24, to commemorate the 52nd anniversary of the moon landing. Banquet co-founder Matt Bond shares insights into the launch. "Everyone in the Aldrin family... [and] supporters of the legacy of Apollo 11 are excited to push the memory of this historic achievement into the metaverse and continue to honor what happened," Bond said.
India Issues CBDC Update, Korea Threatens to Block Exchanges
India issues update on CBDC plans. Korea threatens to block access to foreign crypto exchanges. Hong Kong’s Animoca Brands launches NFT accelerator. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Ethereum’s London Hard Fork Expected to Launch Aug. 4
MyEtherWallet COO Brian Norton discusses the long-awaited launch of Ethereum’s London hard fork, breaking down what the protocol update will mean for the Ethereum network and its users. Plus, his take on other bullish indicators to watch for ETH, fears of high gas prices in the DeFi market, and blockchain regulation.
What Metcalfe's Law Reveals About Bitcoin's Price
Real Vision and Global Macro Investor (GMI) founder and CEO Raoul Paul says, “I cannot get bearish in the larger log chart/regression context, nor in Metcalfe’s Law terms,” responding to a chart illustrating bitcoin’s price since 2012 to present in comparison to a model of Metcalfe value. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Viridi Funds Launches ETF Focused on Cleaner Energy Crypto Miners
Registered investment advisor Viridi Funds has launched an exchange-traded fund (ETF) that invests in clean crypto mining firms. Vridi Funds CEO Wes Fulford discusses the details of the launch and how he hopes to solve bitcoin’s ESG concerns.
Is Bitcoin Undervalued or Could It Trend Lower?
As bitcoin rebounds to above $32K after dipping below the critical $30K level, could it head towards another new low? MarketGauge Group’s Michele Schneider shares her bullish outlook on bitcoin, saying “anything could go lower… [but] it does definitely appear undervalued.”
EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers
As part of a package of four proposals intended to fight money laundering, Mairead McGuinness, the European Union (EU) Commissioner for Financial Services, wrote in a series of tweets Tuesday the measure “will ban anonymous crypto wallets and make sure that crypto-asset transfers are traceable.”
Venmo Removes Its Public Feed for Privacy, Safety Remains a Concern
PayPal’s popular payment app Venmo will no longer feature a public, global feed of users’ transactions as part of a move to offer users better privacy controls. This comes on the heels of Joe Biden’s secret Venmo account leaking. “The Hash” panel discusses the importance of privacy as a fundamental part of crypto usage.
Report: Stellar Foundation Eyes Potential Acquisition of MoneyGram
The Stellar Development Foundation, part of the Stellar Network that issues the Stellar Lumens (XLM) token, has reportedly expressed interest in acquiring remittance provider MoneyGram.