Upbit Submits Compliance Report, China’s E-CNY Trials Broaden
South Korea’s Upbit first to submit a compliance report to the Financial Intelligence Unit. Crypto market on a roll as Bitcoin breaks US$50,000 mark, and China’s e-CNY trials continue to broaden. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Breaks $48K for First Time Since May
Bitcoin is up 6% over the last 24 hours and has broken the $48,000 mark for the first time since May. "All About Bitcoin's" Week in Review panel discusses this watershed moment, Bitcoin's Lightning Network passing new milestones, the potential impact of the global Blockstream Satellite network on mining, and Japan's Liquid Global exchange hack.
Bitcoin Breaks $48K, But Why Is the Number of Active BTC Addresses Remaining Stagnant Since Spring 2020?
Bitcoin's price is at its highest level in a month. Yet, it hasn’t been met by a significant increase in active bitcoin addresses, which remain more or less around levels from the spring of 2020. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Second-Largest US Mortgage Lender UWM Plans to Accept Bitcoin Payments
United Wholesale Mortgage (UWM), America's second largest mortgage lender, reportedly plans to accept cryptocurrency payments later this year in an apparent first for the U.S. mortgage industry. "The Hash" team discusses the pros and cons of paying down a mortgage with crypto, and the possible use cases of bitcoin as collateral for mortgages and loans.
Top NBA Draft Pick Cade Cunningham Signs Sponsorship Deal With BlockFi
Former Oklahoma State star Cade Cunningham signed a multi-year sponsorship deal with crypto lending firm BlockFi that will see the up-and-coming Pistons point guard receive his signing bonus in bitcoin. "The Hash" squad discusses the industry implications for the ongoing trend of top-drafted athletes forging early-career within the digital assets industry.
Messari CEO Ryan Selkis on Bitcoin, Stablecoins and Crypto Regulation
Bitcoin is down about 1.3% over the past 24 hours. The next support is seen at the $42,000 breakout level, which could stabilize the pullback. Messari Founder and CEO Ryan Selkis discusses his positive analysis and outlook for bitcoin, explaining why he’s a “perma-bull.”
Is Bitcoin's Pullback Temporary?
Bitcoin is pulling back after a near 13% rally month to date, but is it just temporary? Alexandre Lores, an analyst at Quantum Economics, discusses why he doesn't think bitcoin is due for lower lows and remains "bullish on the near term." Plus, his take on the potential catalyst behind the recent price surge.
Bitcoin Lightning Network Growth Passes New Milestones
The Lightning Network, a layer 2 payments solution built on top of the Bitcoin blockchain that enables secure, private and near-instantaneous transactions at little to no cost, has surpassed 25,000 active nodes for the first time. This indicates the network is growing stronger with more nodes and channels.
Lightning Network Nodes Surpass 25K for First Time Ever
CoinDesk's Galen Moore discusses his assessment of skyrocketing activity on Bitcoin's Lightning Network as it surpassed 25,000 active nodes for the first time. "The supply is up, for sure, but is the demand up?" Moore asked. Plus, his take on emerging markets taking on crypto as reported in Chainalysis' 2021 global crypto adoption index.
Minneapolis Fed President Kashkari on Crypto Market: ‘Thousands of Garbage Coins’
CoinDesk’s Nikhilesh De discusses what to make of Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, criticizing bitcoin and cryptocurrency in general. “It’s just a signal of how much the central bank is paying attention to the industry,” De said.