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China Maintains Crypto Market Pressure, J-Pop Stars Offer NFT Advice
China’s central bank to maintain pressure on the crypto market. China clarifies the legal validity of blockchain evidence, and J-Pop’s “Cryptocurrency Girls” offer NFT advice. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
What Are US Lawmakers Likely to Do About Crypto?
Former SEC Branch Chief Lisa Braganca discusses the regulatory gaps in the crypto industry critics worry undermine the financial markets’ safety and how Congress could use its authority to bring greater regulatory clarity. Plus, her take on stablecoins and what further congressional action may be needed to address their risks.
Busan Plans Digital Asset Exchange, Tencent Launches Digital IOUs
The Korean city of Busan plans a digital asset exchange. Bitcoin mining difficulty on the increase. Tencent launches a digital IOU platform. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Framework to Regulate Crypto, Stablecoins Introduced in Congress
CoinDesk's Nikhilesh De discusses the details, reactions, and potential impact of a new bill introduced by Virginia Congressman Don Beyer that could provide regulatory clarity for stablecoins and the broader digital asset sector.
Bitcoin Falls Under $40K Resistance Level as Buyers Take Profits
Bitcoin traded sideways Thursday as buyers appeared to be exhausted near the $40K resistance level. The cryptocurrency is up about 23% over the past week, a gain driven by improving sentiment and short covering. Jesse Proudman, co-founder and CEO of crypto robo-advisor Makara, discusses the outlook for bitcoin as the current rally takes a breather.
Atlantic Council: 81+ Countries Exploring CBDCs, US ‘Furthest Behind’
The Atlantic Council has launched a central bank digital currency (CBDC) tracker, database, and interactive toolkit. The number of countries exploring CBDCs has more than doubled to 81 over the past year. The American think tank cautions the U.S. is “furthest behind” on CBDC development.
New Infrastructure Bill Looks to Raise $30B Through Crypto Taxes
CoinDesk's Nikhilesh De breaks down a bipartisan infrastructure bill in Congress that proposes raising $28 billion from crypto investors by applying new information reporting requirements to exchanges and other parties. Plus, the latest on Gary Gensler's response to Sen. Elizabeth Warren on the SEC's authority over crypto regulation and Robinhood's IPO.
India Admits No Crypto Data; Korean Crypto Investor Numbers Plummet
Crypto mining investment outside China booms. India’s government admits it collects no data on crypto exchanges. Number of new crypto investors plummets in South Korea. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Could Bitcoin Drop Below $30K?
Despite bitcoin's price jumping over $40K this week, the highest it's been since June 16, the cryptocurrency remains rangebound between $28K-$43K. GSR Markets co-founder and president Rich Rosenblum shares his bitcoin price assessment, noting a positive outlook. "I think it's solidified its place here," Rosenblum said. "It's unlikely we're going to see below $30K over the summer."