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Tech giant Meitu foresees a US$17.3 million loss in its Bitcoin investment. South Korea’s Financial Services Commission tells banks they’re responsible for ensuring and verifying crypto exchange contracts. With the launch of K-pop star Se7en’s latest NFTs, we look at why musicians are going big on this tech. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Jul 7, 2021

Three former executives of crypto derivatives trading platform BitMEX will face trial in the U.S. next spring. The company's current CEO, Alex Hoeptner, discusses his new business strategy and the future of BitMEX. It's important to have "active discussions with regulators," Hoeptner said.

Jul 7, 2021

OANDA’s Edward Moya discusses the significance of the Fed's June meeting on bitcoin. "If we continue to see the 10-year treasury yield remain well below 1.50%, that's going to force institutional investors back into the crypto market," he said. "Bitcoin has stabilized. The longer-term [outlook] is still very bullish for bitcoin."

Jul 7, 2021

CoinDesk’s Nikhilesh De unpacks the latest story in the ongoing Binance saga. In an open letter on Wednesday, Binance CEO Changpeng “CZ” Zhao described how the crypto exchange has evolved over the past four years, the current regulatory environment and its approach for the future.

Jul 7, 2021

"Dogecoin Millionaire" Gary Lachance has beta launched an augmented reality (AR) mobile game called "Million Doge Disco," a "decentralized dance party" that enables players to earn non-fungible tokens (NFTs) and dogecoin (DOGE). As part of the launch, Lachance plans to give away $1 million DOGE.

Jul 7, 2021

India's largest crypto exchange WazirX, which Binance acquired in 2019, has partnered with crypto-tracking software firm TRM Labs to enhance anti-fraud and anti-money laundering features. WazirX Founder and CEO Nischal Shetty denies claims that its deal with TRM Labs is connected to Binance's string of warnings from global financial regulators. "In India, there are no regulations around crypto. What we are doing is... to self regulate ourselves, and transaction monitoring is an important aspect," Shetty said.

Jul 6, 2021

IBC Group to end Bitcoin and Ethereum mining in China. The Pavilions Hotels and Resorts to accept crypto. Blockchain leads to rise of crypto natives. We’ll have more on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Jul 6, 2021

Russian-based ransomware hacking group REvil is demanding $70 million in bitcoin from at least 200 U.S. companies, and President Biden says he's ordering a full investigation on the attack. Esteban Castaño, CEO of crypto-tracking software firm TRM Labs, discusses crypto's role in these ransomware attacks and how TRM Labs can help prevent crypto fraud and financial crimes.

Jul 6, 2021

U.K. bank Barclays said Monday it is blocking customers from using their debit and credit cards to make payments to crypto exchange Binance, following the Financial Conduct Authority (FCA)’s announcement that Binance cannot conduct regulated activities in the country.

Jul 6, 2021

Crypto miners in China are migrating elsewhere in response to the country’s continued crackdowns. ​CrossTower Research Analyst Martin Gaspar discusses the impact of bitcoin’s hashrate on its price and why this matters. “Bitcoin’s price and hashrate have been very correlated over time… so they tend to move with each other,” Gaspar said.

Jul 6, 2021