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The Great Migration of Crypto Mining Amid China’s Most Severe Crypto Ban

Reacting to the North American mining industry making big investments, Kevin Zhang, Vice President of Business Development at crypto mining advisor Foundry, discusses how China’s crackdowns on crypto mining and trading could contribute. He explains the potential impact of the country’s great bitcoin mining migration and where its miners are heading.

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CoinDesk Releases Q3 Bitcoin and Blockchain Industry Report Highlighting Scalability

CoinDesk Research has published its latest quarterly report for Q3 2021, outlining the trends driving the digital asset markets, focusing on Bitcoin, Ethereum, DeFi and more.

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BitGo CEO on Bitcoin: ‘Large Peak, Large Retreat Ahead’

As bitcoin bounces back above $49,000, Mike Belshe, CEO of institutional crypto custody and security firm BitGo, discusses his short-term outlook and long-term price prediction for BTC. “We will probably … see a large peak and then a large retreat,” Belshe said. “It’s a volatile space. Be prepared for it.”

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Crypto Funds Draw $90M in New Money as Confidence Returns

Digital asset investment products attracted $90 million in new money in the seven days last Friday, the seventh straight week of inflows. Bitcoin-focused funds reportedly took in $69 million and has attracted new capital for three straight weeks after a period of outflows in recent months.

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Gary Vaynerchuk Doodle Outsells Warhol, Pollock, Neel and More at Christie’s Auction

Media mogul Gary Vaynerchuk sold a doodle of an elephant at Christie's for $412,500. "Empathetic Elephant," which outsold works by Andy Warhol, Jackson Pollock, Alice Neel, and more, was part of the basis for Vaynerchuk's VeeFriends NFT collection, a set of tokens tied to animal-themed collectibles on Ethereum. "The Hash" hosts discuss the implications of the sale and what it reveals about the evolving worlds of traditional art and digital collectibles.

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Could Bitcoin Offset Portfolio Losses?

Some financial advisers are pitching cryptocurrencies in investment portfolios to generate a taxable loss that can be used to offset other investment capital gains from stocks and bonds, taking advantage of a tax-loss harvesting loophole. “The Hash” panel discusses the latest development in the wealth-management industry illuminating the potential benefits of crypto’s volatility.

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Shaq to Release NFT Collection

Four-time NBA champion and serial entrepreneur Shaquille "Shaq" O'Neal is releasing his own NFT collection titled "Shaquille O'Neal: The Eras of Dominance Collection," which will run on the Ethernity chain, an Ethereum layer 2, and will be available for purchase on Oct. 15. O'Neal purchased his first two NFTs last week. "The Hash" squad discusses the latest sports star dabbling into NFTs in an ongoing trend making waves in the crypto industry.

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SEC Delays Decision on 4 Bitcoin ETFs

The U.S Securities and Exchange Commission (SEC) has delayed its decision on four proposals for bitcoin exchange-traded funds (ETFs) from ​Global X, Kryptoin, Valkyrie, and WisdomTree by 45 to 60 days. This comes as SEC Chairman Gary Gensler suggested bitcoin futures ETFs are most likely to gain regulatory approval.

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E-CNY Chat Wallet to Launch, Korean Illegal Crypto Transactions Surge

China giants team up to offer e-CNY wallet in a chat application. Korea sees a surge in the amount of virtual assets used in illegal foreign transactions. DeFi protocol Compound’s technical woes continue. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Is Bitcoin’s Rally Over?

Bitcoin is trading around $48,000 and is roughly flat over the past 24 hours. Still, the cryptocurrency is up 13% over the past week as buyers continued to defend lower support around $40,000, but is the rally over?

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