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Binance Facing Regulatory Warnings in Several Countries; Will There Be a Domino Effect?
Binance, the largest cryptocurrency exchange by volume, is facing warnings from financial regulators in Japan, the U.K., and Canada. “The Hash” panel breaks down what this means for Binance and other exchanges and why this will be a continuing story to watch.
How NFTs Are Impacting the World of Comics
A new non-fungible token (NFT)-powered digital comic book entitled “InterPop” is launching in July to bring interactivity back to comics. Interpop fans will get to decide heroes’ fates and fashion choices. “The Hash” panel unpacks the project and what it means for the future of NFTs.
Why Did SafeDollar Plunge to Zero?
SafeDollar (SDO), a decentralized finance (DeFi) stablecoin based on the Polygon blockchain, has dropped to a value of $0 following a cyberattack. “The Hash” hosts investigate the DeFi paradigm and its associated risks.
ConsenSys, the Chinese University of Hong Kong Launch Blockchain-Based COVID-19 Digital Passports
Charles d’Haussy of ConsenSys explains how the new blockchain-based digital health passport can help alleviate the pandemic situation in Hong Kong, affirming that the Chinese government will not gain access to data through this new app.
‘Crypto Frenzy’: What to Expect From Wednesday’s House Financial Services Committee Hearing
A subcommittee of the House Committee on Financial Services will host a hearing on Wednesday titled, “America on FIRE: Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” CoinDesk's Nikhilesh De sheds light on what to expect. Plus, Binance facing regulatory warnings in several countries and whether this is indicative of a larger global policy shift around regulating crypto exchanges.
Are We in a Bear Market; How Long?
"We can't use the old equity benchmark, a 20% pullback from recent highs, to determine if we're in a bear market," GlobalBlock's Grant Whitlock says on "First Mover," pushing back the argument that we are in a bear market following the recent price drops for bitcoin. "You're talking about a product that can move 20% in a day," he added. Bitcoin now bounces back 15% after falling below $30K, battling resistance in the $37-37K range. Are we out of the woods yet? What's next?
China’s Crypto Miners Eye Kazakhstan in Exodus, E-HKD Study on Track
A look at how Kazakhstan’s quickly becoming a crypto mining hub alternative to China. Hong Kong’s finance chief reiterates plans to strengthen e-HKD research. Forkast.News launches a new three-part series with the Judith Neilson Institute on China’s blockchain developments. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
The Case for Binance: Global Regulators Reining In?
Regulators in Canada, Japan, and the U.K. are issuing warnings against Binance for operating in their territories. PwC Global Crypto Leader Henri Arslanian discusses the global regulatory risks against Binance and what this means for its users and other crypto exchanges. Plus, where are the bitcoin miners moving to next following China's crypto ban?
Blockchain in Asia: China Bets on Blockchain
Since Xi Jinping called it a core technology in 2019, blockchain has been driving change across China's ports, cities, and grasslands. Forkast.News with support from the Judith Neilson Institute’s Asian Stories project explores how blockchain and China’s Blockchain-based Service Network is defining today how it could be used tomorrow.
3 Key Things That Happened in Crypto This Week
CoinDesk’s Christie Harkin breaks down this past week’s stories making waves in the crypto markets, including Andreessen Horowitz (a16z) raising $2.2 billion for its third crypto venture fund, El Salvador’s Bitcoin Law in effect beginning in September, and John McAfee’s sudden death, controversial life and legacy.