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BTC at Work on Ethereum?
With bitcoin prices retreating over the past month, crypto traders have increasingly tokenized BTC into synthetic versions compatible with the Ethereum blockchain, where they can be deposited for extra yield on decentralized finance (DeFi) platforms. “All About Bitcoin” host Christine Lee breaks down today’s Chart of the Day.
ETC Group Launches First Bitcoin ETP in UK on Aquis Exchange
Britain has been green-lighting some bitcoin exchange-traded products (ETPs) on the Aquis exchange. Earlier this month, ETC Group, a U.K. provider of cryptocurrency-related instruments, launched their own offering as the first crypto ETP to be made available for trading on the U.K. market. ETC Group CEO Bradley Duke discusses the launch, inflation, bitcoin as legal tender, and growth of ETPs in Europe.
Fed Holds Rates at Near Zero, Projects Two Possible Rate Hikes by Late 2023
CoinDesk’s Galen Moore reacts to the Federal Reserve, suggesting a faster time frame for interest rate hikes as inflation rises. Plus, his thoughts on Steve Hanke stating El Salvador’s decision to adopt bitcoin as legal tender could collapse its economy.
Coinbase Pro Adding Shiba Inu, Chiliz, Keep Network to Platform
“The Hash” panel reacts to Coinbase Pro sending tokens like Shiba Inu, Chiliz, and Keep Network soaring after adding them to the exchange.
Panama to Present Crypto-Related Bill in July
Following El Salvador, Panamanian Congressman Gabriel Silva says he will present a bill in July to make bitcoin legal tender in the nation. "The Hash" explores what it could mean for other Central and South American countries.
Wrapped BTC Now Holds More Than 1% of Bitcoin’s Circulating Supply
Bitcoin is getting increasingly locked on Ethereum in the form of wrapped BTC, which now holds more than 1% of bitcoin’s total circulating supply. This trend shows how savvy crypto traders are pivoting to salvage or maintain returns even as bitcoin’s price tumbled.
Fox TV Puts $100M Behind Its NFT-Driven Blockchain Experiment
Fox Entertainment reveals it’s putting $100 million behind “Krapopolis,” the “first-ever animated series curated entirely on the Blockchain” in collaboration with Dan Harmon, the creator of “Rick and Morty.” “The Hash” hosts discuss what’s in store for the future of Fox’s NFT business and the world of crypto in mainstream media.
Binance-Backed Travala Launches Dtravel, a 'Decentralized Airbnb'
Binance-backed Travala has launched Dtravel, which some say is comparable to a "decentralized Airbnb." The project will be run as a DAO with the Dtravel token (TRVL) to facilitate decision-making. "The Hash" panel digs into the rollout of the product, suggesting the feasibility and pros and cons of such a service.
Ledger Completes A $380 Million Series C Raise
"You don't just want to store [your digital assets] in a closet. You want them to interact with the whole ecosystem," says Ledger's chief experience officer Ian Rogers. "But the place your digital assets are most at risk is at the moment of transaction." Rogers joins "First Mover" to discuss Ledger's latest funding round, cybersecurity and ransomware attacks.
Ledger Completes A $380 Million Series C Raise
“You don’t just want to store [your digital assets] in a closet. You want them to interact with the whole ecosystem,” says Ledger’s chief experience officer Ian Rogers. “But the place your digital assets are most at risk is at the moment of transaction.”