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Evergrande Debt Woes Hit Crypto, Mooncakes in the Metaverse

Crypto market hit by Evergrande’s debt woes. Bitcoin mining difficulty continues to rise. Modern Mid-Autumn sees mooncakes in the metaverse. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Solana-Based Metaverse Gaming Platform Star Atlas Closes $2M in Public Token Sale

Blockchain-based metaverse gaming platform Star Atlas has closed $2 million in a public token sale, adding to the $41 million in sales it has already raised in NFTs. These NFTs and native Atlas tokens will be issued in Star Atlas’ play-to-earn gaming platform.

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Upbit Passes Korea Crypto Race Post, P2P Transactions Surge in India

Upbit was named as the first officially licensed crypto exchange under new Korean regulations. India sees a surge in peer-to-peer transactions amid banking challenges. Cosmos hits an all-time high. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Biden Administration Plans Cryptocurrency Sanctions to Combat Ransomware

The Biden administration is planning an array of actions to mitigate ransomware attacks, focusing on payments. This week, the U.S. Treasury Department plans to unveil sanctions and guidance to tackle cryptocurrency payments made to phone companies that have been victims of ransomware attacks. CoinDesk’s Nikhilesh De discusses what to expect.

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Crypto Lobbying Group Warns of Another Tax Provision in US Senate Infrastructure Bill

A new report from the Proof-of-Stake Alliance (POSA) calls attention to a little-debated tax provision that would impose new surveillance and reporting requirements on peer-to-peer crypto transactions. Abraham Sutherland, an advisor at POSA and former deputy associate counsel during the George W. Bush administration, discusses the report's highlights, warning of the possible repercussions for the crypto industry if the provision were to be legally adopted.

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Ernst and Young Working With Polygon, Ethereum Scaling

Big Four consulting firm Ernst and Young will use Polygon's protocol and framework to deploy its own blockchain products, enabling a future transition to public networks that will be less risky and more efficient. Ernst and Young's Paul Brody discusses what this means for its business and clients. Plus, why he's "extremely positive" about the crypto industry's increased regulatory focus, the possible impact of Ethereum's London hard fork upgrade and more.

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China's Evergrande Debt Crisis Posing Risk to Global Markets and Crypto

Mathew Sigel, Head of Digital Assets Research at ETF and mutual fund manager at VanEck, discusses the potential factors driving crypto markets lower as bitcoin slips below $45,000. Plus, his take on Chinese developer Evergrande's debt crisis as it poses a potential global systematic risk to tether and the broader crypto markets and the state of bitcoin law in El Salvador following his visit there.

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Black Friday for Korean Exchanges, E-CNY Launch in Final Stretch

South Korea crypto exchanges face strict new regulations in just seven days. E-CNY launch in final stretch. On the ground in El Salvador as bitcoin is put to the test. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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BTCS CEO: Ether Is ‘Blue Chip’ of Crypto, Expects Price to Double

Charles Allen, CEO of Ethereum-focused infrastructure firm BTCS, discusses his price forecast of ether, given the Ethereum 2.0 upgrade and the burning of over $2 billion worth of new ether as part of that upgrade.

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Anchorage CEO: Regulation Is ‘Fundamentally Bullish’ for Crypto Space

Anchorage became the first federally chartered crypto bank under the Trump administration when then crypto-friendly regulator Brian Brooks headed the Office of the Comptroller of the Currency (OCC). Now, as U.S. regulators and a Democrat-controlled Congress scrutinize the crypto industry, how will the future of regulation take shape?

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