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New York Senate Passes Bitcoin Mining Moratorium
The New York State Senate passed a bill targeting proof-of-work (PoW) mining in an effort to address some of the environmental concerns about cryptocurrencies. CoinDesk's Managing Editor for Global Policy and Regulation Nikhilesh De discusses the potential impact on the local crypto community and the mining industry at large.
Meet the Tech Expert Urging Washington to ‘Resist Pressure’ From Crypto Industry
This week, 26 tech experts and academics wrote to U.S. lawmakers criticizing cryptocurrency and blockchain technology to counter lobbying efforts by the crypto industry. One of the signatories and author of “Attack of the 50-Foot Blockchain” David Gerard shares his insights into the purpose and key takeaways of the letter.
NFT & Web 3 Attorney on the First NFT Insider Trading Case
The U.S. Department of Justice charged former OpenSea staffer Nate Chastain for wire fraud and money laundering on allegations he misused confidential information to trade NFTs. NFT & Web 3 Attorney Moish Peltz discusses his take on the charges, the legal considerations of digital collectibles, and the potential outcomes.
Bitcoin Set to Record 10-Week Losing Streak
Bitcoin (BTC) is on track to record 10 consecutive weeks of losses for the first time in its history. Quantfury CEO Ali Pourdad dicusses the potential factors driving prices lower and where we’re headed next. Plus, reactions to the latest U.S. jobs report, Elon Musk seeking 10% job cuts at Tesla.
Kimbal Musk on Disrupting Philanthropy With Big Green DAO
Big Green Co-founder & Executive Chairman Kimbal Musk joins “First Mover” to discuss his aims of rethinking the field of philanthropy with the Big Green DAO. Plus, the younger brother of Elon Musk gives his take on dogecoin (DOGE) and the bitcoin energy debate.
Polygon Calling on Terra Projects to Move to its Blockchain
Terra and “LUNA 2” (LUNA) have launched following the collapse of the Terra ecosystem. Their thriving developer community will have to decide whether to continue building on the new Terra or abandon ship to competitor blockchains eager to snatch up talent. Polygon Co-founder Sandeep Nailwal and Polygon Studios CEO Ryan Wyatt discuss on “First Mover.”
Gemini Cuts 10% of Staff, Blames Crypto Winter
Crypto exchange Gemini said that it will lay off about 10% of its employees due to “turbulent market conditions that are likely to persist for some time.” Paul Eisma, XBTO Group head of trading, discusses his outlook on the crypto markets as bitcoin (BTC) struggles to hold above $30,000.
Waves Founder on Stablecoin USDN’s Depegging Crisis and Plan Forward
Neutrino USD (USDN), an algorithmic stablecoin of the Waves ecosystem, lost its U.S. dollar peg in April and again in May amid the collapse of TerraUSD (UST), but has since recovered.
Singapore’s Digital Assets Initiative; Shanghai Lockdown Ends
Singapore launches collaborative digital assets initiative named Project Guardian. South Korea’s Dunamu rebuts claims it made $100 million off LUNA Classic. Markets hesitant over Shanghai’s reopening after two months of lockdown. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Nansen Research Indicates There's No Single 'Attacker' in Terra's Collapse
A recent report from Nansen indicates there was no one 'attacker' that destabilized the algorithmic stablecoin TerraUSD (UST). Nansen Principal Research Analyst Aurelie Barthere joins "First Mover" to discuss the on-chain analytics firm's findings.