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Jackson, Tennessee Wants to Become the Next Bitcoin Hub
Scott Conger, mayor of Jackson, Tennessee, wants the city to become a major hub for crypto companies. Conger’s plans include facilitating mining and paying city employees in bitcoin. Conger joins “First Mover” to talk about his crypto dreams for Jackson and how he plans to make them a reality.
Former Fed Regulator Michael Hsu Appointed Acting Comptroller of the Currency
Treasury Secretary Janet Yellen appointed Michael Hsu, a former Federal Reserve banking regulator, as Acting Comptroller of the Currency. CoinDesk’s Nikhilesh De on what we know about Hsu’s background and what his appointment might mean for the crypto sphere.
BCH Gets the Nod from Japan; Digital Yuan Travels to the Countryside
While Bitcoin Cash surges, we talked to a Japanese coffee shop owner who just started accepting BCH as payment yesterday. Buying bubble tea with a digital yuan China’s DCEP pilot program continues to expand. Police in Korea are told no to crypto, but who will police the police?
Bitcoin and Ether Are Diverging
Over the past year, ether and bitcoin have begun to diverge as ether is increasingly considered an investable asset while bitcoin is seen as a store of value. “All About Bitcoin’s” host Christine Lee breaks down the data in the Chart of the Day.
Will the Fed’s Policies Strengthen Bitcoin Further?
Altcoins are booming while bitcoin remains trapped in the band between $50K and $60K, but analysts are still bullish. Edward Moya of OANDA joins “All About Bitcoin” to give his outlook for bitcoin, which he thinks will be bolstered by the Fed’s easy money policies and rising inflation.
NFT Platforms Continue to Attract Venture Capital Money
Investor money continues to pour into the NFT sphere. Jay-Z is among the backers of a $19 million funding round for Bitski, and the team behind the infamous Banksy burning NFT has raised $3 million to build a new NFT platform on the Solana blockchain. “The Hash” panel unpacks these latest developments.
Revolut’s UK Users Will Finally Be Able to Withdraw Bitcoin
Revolut has come under fire in the past for not allowing users to withdraw their crypto from the platform and deposit it in their personal wallets, but a new beta program in the U.K. will allow some users to do just that. “The Hash” panel discusses if other platforms will follow.
Here's Why Coinbase Ditched Its San Francisco HQ
In another sign of the increasing decentralization of work, Coinbase has announced that it is giving up its former headquarters in San Francisco and will remain full remote. "The Hash" panel discusses the impact of Coinbase going virtual on the idea of "internet money, internet workforce."
ING Report: DeFi Is More Disruptive to Banks than Bitcoin
A report published by Netherlands-based ING Bank concludes that decentralized finance (DeFi) is potentially more disruptive to the traditional banking sector than bitcoin. ING used DeFi platform Aave as a case study for its report. "The Hash" panel breaks down the contents of the report and discusses the role of institutions as "lego builders" in the DeFi sector.
Kraken Ordered to Provide IRS User Info for Transactions Over $20K
A U.S. court has ruled that Kraken must comply with a “John Doe” summons that allows the IRS to track down users who transacted more than $20K in crypto on the exchange between 2016 and 2020. “The Hash” panel discusses privacy and government crypto surveillance.