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Africa Has This ‘Crazy Crypto Obsession,’ Nestcoin CEO Says
Crypto gaming guild Metaverse Magna wants to build Africa’s largest gaming DAO. Nestcoin CEO Yele Bademosi says they’ve reached a total community size of around 100,000, but notes the bulk of those users come from Nigeria and Ghana.
Blockchain Association Exec: 'New Era of Policymaking' in Washington
Blockchain Association Director Kristin Smith reacts to the Biden Administration's latest guidelines released last week for digital assets, characterizing the reports as "disappointing." Smith also adds why she thinks Washington is in a "new era of policymaking."
We Are in the 'Middle Innings' of a Recession: Global X ETF Exec
"Given the aggressive stance that the Fed has taken in terms of raising interest rates, I think that we are probably in the middle innings of a recession," Adam Sze of Global X ETFs tells "First Mover." Plus, he explains why this crypto winter "feels different" compared to previous cycles.
Bitcoin Sinks Below $19K Ahead of Key Fed Decision
Bitcoin (BTC) slips below $19,000 ahead of the upcoming FOMC meeting this week. Adam Sze, SVP and head of digital assets at Global X ETFs, discusses global recession concerns and his outlook on the crypto markets. Plus, his prediction on the Fed's next expected interest rate hike.
Miner Chandler Guo Expects 90% of PoW Miners Will Go Bankrupt
Some miners have turned to a proof-of-work (PoW) fork of Ethereum so they can continue mining. Chandler Guo, one of the fork's strongest advocates, explains why he thinks only 10% of miners using PoW to mine ETHPoW (the token of the Ethereum Merge fork) or ETC (the token of Ethereum Classic) will ultimately survive.
SEC Chair Gensler Testifies Before Lawmakers on Future of Crypto Regulation
According to the Wall Street Journal, SEC Chair Gary Gensler said that proof-of-stake (PoS) blockchains, which generate new coins for inventors who pool their holdings, take on investment contract-like attributes that could bring them under his agency’s purview. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what this means for crypto regulation.
Miner Chandler Guo: ETHPoW Is 'the Home' of Ethereum, 'So What' if It's a Zombie Chain
Even if Ethereum's proof-of-work chain becomes a zombie chain, "it doesn't matter," miner Chandler Guo says, adding that it is the "original home of Ethereum." If the proof-of-stake chain runs into trouble with regulators, "you will be welcomed back home."
Bitstamp CEO on Regulatory Implications of Ethereum’s Proof-of-Stake Transition
“We feel that the marketplace is quite comfortable with the currency treatment of ETH as not a security,” Bitstamp USA CEO Bobby Zagotta says. He adds that staking shouldn’t affect that equation.
Celsius Asks for Court’s Permission to Sell Stablecoin Holdings
According to new court filings, Celsius Network has asked the court for authorization to sell its stablecoin holdings in order to generate liquidity to help fund its operations. The troubled crypto lender owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures.
Ethereum Merge was ‘Anticlimactic,’ Better Than Expected: Product Lead
“The fact that it was almost a non event is just a huge success for the community,” ConsenSys Product Lead Sajida Zouarhi tells “First Mover,” adding that the Ethereum Merge had gone better than the community had expected.