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Crypto Crimes Surge in Asia; Bitcoin Reasons for Divorce in South Korea
South Korea has lost $5 billion due to crypto-related crime over the past five years as fraud and scams surge across Asia. China’s Sichuan province looks to weigh the effects of a crypto mining ban on the region’s hydropower generation. Back in South Korea, crypto is becoming a reason for couples to get divorced. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Brian Brooks: Excluding Crypto Banks From Fed System Is ‘Dangerous’
In an interview at Consensus 2021 Thursday, Binance.US CEO and former Acting Comptroller of the Currency Brian Brooks spoke out against what he sees as the “politicization” of the banking system. “The Hash” panel breaks down Brooks’ statements and discusses Binance.US’s future.
Could Rapper Soulja Boy’s Tweet Shilling Token Attract SEC Trouble?
Rapper Soulja Boy is under fire for a tweet Wednesday that promoted a new altcoin called SaferMars but accidentally included a disclosure telling the rapper how much he would make from promoting the project.
Binance's CZ on Bitcoin: 'I Don't Think Anyone Can Shut it Down Now'
Several governments have tried to ban bitcoin outright, and others, including China, have made threats and enacted policies that make it difficult for crypto companies to operate, but can bitcoin really be killed? According to Binance CEO Changpeng "CZ" Zhao, it's too late. "The Hash" panel weighs in.
ARK Invest's Cathie Woods Blames Bitcoin's Drop on 'ESG Movement'
There is much speculation about what caused the recent drop in bitcoin's price. ARK Invest's Cathie Woods says she thinks the crash has more to do with the ESG investing movement and the ongoing environmental debate about crypto's energy usage. "The Hash" panel breaks down Woods' interview at Consensus 2021.
Tom Brady Says He's a 'Big Believer' in Crypto
In an interview at Consensus 2021, star NFL quarterback Tom Brady discussed his interest in crypto, saying he is a "big believer" and thinks "it's not going anywhere." "The Hash" panel discusses.
The City of Evanston Wants to Use Crypto for UBI, Marijuana Reparations
Evanston, Illinois is considering a new, blockchain-based way to stimulate the local economy and provide a universal basic income (UBI). Greg Magarshak, CEO of Intercon, and Gerard Dache, Executive Director of the Government Blockchain Association, join "Community Crypto" to discuss how the Justice Coin project can help make Evanston more equitable.
'The Black Wall Street' DigitalWallet Launches to Close Racial Wealth Gap
The Black Wall Street App is the first Black-owned crypto wallet and designed to make crypto accessible to the Black and Latino communities. Co-created by actor Hill Harper and crypto entrepreneur Najah Roberts, The Black Wall Street's mission is to build wealth and promote education in underserved communities. Hill and Roberts join "Community Crypto" to discuss The Black Wall Street's June launch and spreading crypto awareness in marginalized populations.
Axie Infinity Players in the Philippines Using In-Game Winnings to Pay Real-Life Bills
Axie Infinity is a mobile pet-themed game built on the blockchain that allows players to earn income through trading NFTs. When the COVID-19 pandemic struck, many young people in the Philippines lost their jobs, and some turned to Axie Infinity to get by.
Elliptic: ‘Far Less Than 1%’ of All Bitcoin Transactions Are Criminal
Dr. Tom Robinson, Elliptic’s co-founder and chief scientist, explains why Elliptic is keeping the information about their discovery of the wallet used by Colonial Pipeline ransomware hackers private. Plus, his thoughts on blockchain analytics and the proportion of criminal transactions on the blockchain.