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Bitcoin SV Drops as Robinhood Ends Support; FTX Bankruptcy Update
The price for Bitcoin SV blockchain's native token, BSV, dropped more than 15% following Robinhood's announcement that the online trading app will end support for BSV on Jan. 25. Plus, the latest on FTX's bankruptcy hearings as the troubled crypto exchange has recovered more than $5 billion in different assets, according to an attorney.
Gala Games’ Token Stumbles After Deleting Tweet Announcing Partnership With The Rock
Gala Games' native token, GALA, is sinking after the blockchain-based gaming platform deleted a tweet announcing a partnership with A-list Hollywood stars, including Dwayne "The Rock" Johnson. Despite the pullback, GALA is still up over 130% for the month, leading the rally among gaming tokens. "The Hash" panel discusses the latest price action.
WazirX's Proof-of-Reserves Report Shows 90% of User Assets Are in Binance Wallets
Indian crypto exchange WazirX released its proof of reserves report that disclosed 90% of its user assets are held in Binance wallets. "The Hash" panel discusses the Twitter drama between WazirX and Binance CEO Changpeng "CZ" Zhao.
China Includes Digital Yuan in Cash Circulation Data
The People’s Bank of China included the country's digital currency in calculations of the amount of currency in circulation in December for the first time, with e-CNY representing 0.13% of cash and reserves held by the central bank. "The Hash" panel discusses what this means for the adoption of central bank digital currencies (CBDC).
FTX Bankruptcy Judge Not Swayed by Letter From US Senators
A bipartisan group of four U.S. senators sent a letter to the judge in the FTX bankruptcy case calling for an independent examiner to be appointed. The judge added that the letter “will have no impact whatsoever on my decisions in this case which will only be based upon the facts and law presented by the parties." "The Hash" team weighs in on the latest bankruptcy developments for FTX.
Ripple’s Ripple?
Implications of the US case for the crypto world. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Gemini Never Should Have Engaged In Earn Program: Analyst
Tensions are rising between Gemini and Digital Currency Group (DCG) after Gemini co-founder Cameron Winklevoss urged the company's board to remove CEO Barry Silbert. Lumida CEO & Co-Founder Ram Ahluwalia shares his analysis. DCG is the parent company of CoinDesk.
Coinbase Could Be 'One of the Survivors': Analyst
Oppenheimer Senior Analyst Owen Lau shares his outlook for Coinbase as the exchange announced a second round of layoffs on Tuesday. "FTX is gone...Coinbase does not have many legitimate competitors in the long term," he added.
Judge Allows Binance.US Bid to Buy Voyager Assets to Advance
Bankrupt crypto lender Voyager's proposed deal to sell some of its assets to Binance.US is advancing as U.S. District Judge Michael Wiles approved disclosure statements explaining various aspects of the proposed plan. CoinDesk's Nikhilesh De breaks down the details.
FTX Recovered ‘Over $5B’ in Assets, Bankruptcy Attorney Says
FTX has recovered more than $5 billion in different assets, a bankruptcy attorney said during a hearing Wednesday. The announcement substantially raises the total FTX claims it holds. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what that means to FTX's bankruptcy procedures.