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VictoryShares and Solutions President Mannik S. Dhillon discusses his assessment of bitcoin jumping to a three-month high of $46,000 and whether this price rally is likely to sustain, despite some saying the U.S. Senate's $1 trillion infrastructure bill could have disastrous implications for the crypto industry if formally introduced as is. "Bitcoin getting the attention of lawmakers is a great thing for the asset class," Dhillon said.

Aug 9, 2021

Sen. Cynthia Lummis (R-Wyo.) discusses the compromise amendment to a contentious crypto provision in the $1 trillion infrastructure bill she presents on the Senate floor Monday afternoon. “What we tried to do with this amendment is to remove some of the unintended consequences of the definition of “broker,” Lummis said.

Aug 9, 2021

Bitcoin is on a tear, rising 7% for the day as it charged toward a three-month high of $46,000, with new data revealing market sentiment is gradually building. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Aug 9, 2021

Chainlink, a leading provider of data feeds to blockchain-based smart contracts, has now fully added decentralized weather data from the Google Cloud. "The Hash" squad discusses the implications for Chainlink's "sophisticated integration of data into decentralized systems" as the latest example of the real-world meeting blockchain technology.

Aug 9, 2021

Brian Brooks announced he resigned as Binance.US CEO after just four months on the job, citing “differences over the strategic direction” between him and his colleagues. His predecessor Catherine Coley has remained quiet since her replacement. "The Hash" panel discusses the possible reasons for Brooks' departure and whether Binance's intensifying regulatory pressures could have played a part.

Aug 9, 2021

Rep. Cynthia Lummis and other U.S. senators announced a compromise to the tax provision in the $1 trillion infrastructure bill Monday that would exempt crypto transaction validators from a broadened definition of “broker.” However, unless it receives unanimous consent before a final vote by Tuesday, the bill will likely be sent to the House as-is, without any amendments. "You need no senator to object to the adoption of this new language," host Naomi Brockwell said. "It's a very narrow path, and it's not clear whether this is going to be feasible."

Aug 9, 2021

“The Hash” hosts discuss the industry implications for Jeremy Allaire’s Circle, a neo-bank and stablecoin USDC issuer, intending to become “a full-reserve national commercial bank.” “This is an ambitious plan, but the idea of having an FDIC-insured digital asset bank would be very notable for the sector,” host Zack Seward said.

Aug 9, 2021

Digital asset infrastructure provider BitGo’s $4.5 million deal to be the custodian of cryptocurrency seized by the U.S. government fell through late last week. Instead, Anchorage, a smaller competitor, secured a more significant contract for $6.6 million.

Aug 9, 2021

The U.S. Senate is moving forward with a final vote on the $1 trillion infrastructure bill this week, despite no outcome being decided for any of the proposed crypto-focused amendments. This includes the bill not offering clarity on the definition of "broker." CoinDesk's Nikhilesh De discusses why the bill is likely to proceed as-is and the worst possibilities if it does.

Aug 9, 2021

Cardano’s Alonzo Purple upgrade begins onboarding users. Indian crypto exchange Unocoin offers bitcoin gift vouchers, and Axie Infinity growth continues. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Aug 9, 2021