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New crypto mining hot spots emerge following China clampdown. Korea crypto conflict intensifies between Upbit and The Pica Project. Sotheby’s to accept crypto for 101 carat diamond auction. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Jun 22, 2021

Bitcoin is edging back up from a low below $30K, a key psychological threshold not met since January. “The Hash” team explores the potential factors driving BTC’s price drop, particularly concerns around China’s crypto mining crackdowns and its central bank ordering banks to stop facilitating crypto transactions in the country.

Jun 22, 2021

Strike, the digital wallet startup behind El Salvador’s bitcoin-based payment system, is phasing out its use of Tether’s USDT stablecoin as a U.S. dollar substitute, CEO Jack Mallers said. “The Hash” team explores the ongoing scandal around Tether and the wider repercussions of El Salvador’s currency law.

Jun 22, 2021

The ongoing beef between Roc-a-Fella Records co-founders Jay-Z and Dame Dash continues into the cryptocurrency space. The record label is suing Dash for allegedly trying to sell Jay-Z’s debut album, “Reasonable Doubt,” as a non-fungible token (NFT). “The Hash” team unpacks the legal battle as part of a larger discussion about ownership and NFTs.

Jun 22, 2021

Digital asset mining firm Stronghold Digital Mining has raised $105 million to turn waste coal to bitcoin. This comes on the heels of rising concerns about bitcoin’s carbon footprint that have signaled pivots to more environmental, social, and governance (ESG)-friendly mining.

Jun 22, 2021

Nassim Taleb, a former bitcoin admirer, has published a paper trashing the cryptocurrency. “[I]n spite of the hype, bitcoin failed to satisfy the notion of ‘currency without government’ (it proved to not even be a currency at all),” he writes.

Jun 22, 2021

The Financial Action Task Force, a G7 initiative to develop policies against money laundering and terrorism financing, is holding an ongoing plenary session with cryptocurrency on its agenda. CoinDesk's Nikhilesh De sheds light on what to expect and the implications for the crypto community. He also discusses new observations about the Facebook-backed Diem project, formerly known as Libra.

Jun 22, 2021

The ​most expensive blockchain to use is Ethereum, with users paying over $5 million per day in transaction fees, compared to Bitcoin's $1.5 million. This July, Ethereum's fee market is expected to undergo a radical change known as Ethereum Improvement Proposal (EIP) 1559. CoinDesk's Christine Kim breaks down her comprehensive report on the key findings and investment implications for the upgrade.

Jun 22, 2021

Steve Ehrlich, CEO of Canadian cryptocurrency brokerage Voyager, discusses China’s pressure on crypto and impact on the activity on his platform. “We’re also seeing a lot more money coming into the platform again as people see this as another opportunity to buy again,” he added.

Jun 22, 2021

More than 3000 ATMs from ICBC, AgBank in China to offer CBDC-to-cash swap. ‘Crypto king’ nabbed in India as government re-evaluates regulatory bill. HK-based Amber Group becomes Asia’s latest unicorn after raising funds. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Jun 22, 2021