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Jeremy Allaire on the Digital Dollar's Future: 'The Central Government Absolutely Does Not Need to Issue a Digital Currency'
Circle CEO Jeremy Allaire discusses the challenges and significance of USDC potentially expanding to 10 more blockchain networks, the broadest expansion in stablecoin history. "The central government absolutely does not need to issue a digital currency," he said. Plus, breaking down the difference between tether (USDT) and USDC as USDT risks come into focus.
Crypto Backdoor Is Key to Unmasking Bad Actors, Says Democratic Congressman Bill Foster
Lawmakers calling for encryption backdoors is not new. CoinDesk’s Nikhilesh De reacts to democratic congressman Bill Foster’s remarks about a crypto backdoor as “key to unmasking bad actors.”
FTX Signs Deal With Tom Brady, Blockchain Startup Nansen Raises $12M
NFL star Tom Brady and wife Giselle Bündchen become shareholders in FTX. Blockchain data analytics startup Nansen raises US$12M in Series A funding round. A look at part 3 of 3 from Forkast News and Judith Nielsen Institute’s latest series on blockchain.
Get Virtual Clothes in This Shopping District in Decentraland Metaverse
Digital real estate NFT investment fund Republic Realm's Janine Yorio on launching Metajuku, a shopping district in Decentraland. It's an Ethereum-based virtual world, or metaverse, owned by its users and governed through a decentralized autonomous organization (DAO). "Metajuku is a natural evolution of the retail environment that went from 2D websites to 3D immersive retail stores that people can shop in," Yorio said.
Crypto Markets Steadying
Crypto markets remain steady amid bullish news suggesting greater global infrastructure expansion and crypto adoption. Hosts of "First Mover" explore the potential reasoning behind little market activity.
Coinbase Rewards for Bitcoin Mining Exceeding $10B in 2021
Until 2017, the value of annualized Coinbase rewards for mining bitcoin was less than $1 billion. Today, the value exceeds $10 billion. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
How Blockchain Data Firms Are Combatting Ransomware Attacks
Cryptocurrency data firm Chainalysis is adding another $100 million in venture capital to a total valuation of $4.2 billion, as crypto’s role in ransomware becomes a mainstream concern. Pratima Arora of Chainalysis shares insights on cybercrime as well as market moves. “Chainalysis’ mission is to provide trust in blockchain,” Arora said.
Challenges and Opportunities for Bitcoin Mining in North America
Zack Voell of Compass Mining breaks down his comprehensive report on mining entitled "North American Bitcoin Mining Index (NABMI)." He discusses the key findings and crypto market implications from six months of data analysis on "companies, capital, and energy mix powering Bitcoin mining in North America."
Should You Open a Coinbase Crypto Savings Account?
Coinbase is launching a crypto savings account that lets users earn 4% annual percentage yield (APY) by lending out USD coin (USDC). The crypto exchange is touting far higher yields than what traditional savings accounts can offer, but there's no free lunch. "The Hash" hosts explore the pros and cons of such high-yield products.
Why Bitcoin Mining Hashrate Dropping to 1-Year Low Following China Crackdowns Is Good News for Miners
China's continued crypto crackdowns have been a blow for mining operations based in the country, but for miners in other parts of the world, it might be good news. Bitcoin's hashrate, a measure of the computational power working to secure the blockchain network, dropped to its lowest since May 2020. Meanwhile, the BTC mining difficulty could see a 25% decrease in July. "The Hash" hosts unpack why this is a windfall for active miners outside of China.