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Miami Creating Digital Wallets, Giving Bitcoin Yield as Dividend to Residents, Says Mayor Francis Suarez
Pro-crypto Miami Mayor Francis Suarez shares insights into the city’s crypto ambitions as its MiamiCoin program has already generated some $20 million in less than three months. Suarez told CoinDesk for the first time, Miami will be the “first city in America to give a bitcoin yield as a dividend directly toward residents.”
Bitcoin and Beyond
A special selection of highlights from Forkast News Bitcoin and Beyond virtual summit in this episode of “The Daily Forkast.”
Is Bitcoin Due for Lower Lows After Jumping to New All-Time High?
Bitcoin's rally is slowing down after jumping to a new all-time high of $68,950. Senior Market Analyst at Oanda Edward Moya discusses what to make of the price pullback. Plus, short-term risks and "panic selling" to watch as he says bitcoin could consolidate between $65K-$75K until year-end while Wall Street traders take profits.
MakerDAO Founder on Biden Administration’s Stablecoin Report
A coalition of U.S. financial authorities under the Biden administration published its long-anticipated report and recommendations on the regulation of stablecoins last week.
FATF Publishes Crypto Anti-Money Laundering Guidance
The Financial Action Task Force (FATF) has published its revised guidance for crypto firms, further clarifying the definition of Virtual Asset Service Providers (VASPs), DeFi, stablecoins, and NFTs. Association of Certified Anti-Money Laundering Specialists (ACAMS) Executive Director Rick McDonell discusses the world of crypto and anti-money laundering (AML), breaking down the key points of the recommendations.
Bitcoin Hits New All-Time High Above $68K As Ether Also Jumps to New Record
Customers Bank President and CEO Sam Sidhu discusses his crypto markets assessment as bitcoin broke $68,000 for the first time, and ether also set an all-time high past $4,800. “Crypto has become too big to ignore,” Sidhu said.
Who Is the Real Satoshi Nakamoto? Craig Wright Takes Stand in Bitcoin Trial
CoinDesk's Cheyenne Ligon shares insights into the high-profile trial between Craig Wright and the estate of his former business partner Dave Kleiman continuing in Miami. Wright claims to be the inventor of bitcoin and the owner of 1.1 million BTC, while Kleiman's estate is requesting its share of the nearly $67 billion fortune.
Crypto Market Cap Breaks US$3 Trillion, APAC Crypto Cards to Launch
Crypto market cap breaks US$3 trillion mark. Mastercard offers crypto payment cards in partnership with APAC crypto platforms. Blockchain commodity platform, TradeGo, was established. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
State of Nigeria's Central Bank Digital Currency Pilot
Nigeria’s central bank digital currency (CBDC), the eNaira, is in its second week of operations since it went live Oct. 25. Yele Bademosi, CEO and founding partner of Nigeria-based Nestcoin, discusses the latest on the rollout, use cases of the eNaira, and the wider state of crypto affairs in the country.