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"I have a big problem with El Salvador because of forced tender," vocal bitcoin critic Steve Hanke says on "First Mover." He discusses the local and global impact of El Salvador's currency law, explaining why he says he thinks "adopting bitcoin as legal tender could ruin El Salvador's economy." Plus, his thoughts on why bitcoin is a speculative asset with close to zero value.

Jun 23, 2021

Open marketplace Rarible has raised over $14 million in a Series A funding round led by Venrock and CoinFund. Funding will go towards building a community-owned blockchain-based non-fungible token (NFT) marketplace on the Flow blockchain. Rarible Co-founder and CEO Alexei Falin discusses the upcoming launch, also commenting on the state of the NFT markets.

Jun 23, 2021

The Senate Banking Committee held a hearing for Ryan Nelson and Elizabeth Rosenberg, who have been nominated to financial crimes roles within the Treasury Department. CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De shares some key takeaways and the implications for crypto regulation under the Biden administration.

Jun 23, 2021

South Korea’s biggest crypto exchange faces a legal challenge over a patent violation. Next, Iranian authorities seize 7,000 crypto mining machines west of Tehran. Finally, payment service behemoth Alipay launches an NFT sales platform. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Jun 23, 2021

New crypto mining hot spots emerge following China clampdown. Korea crypto conflict intensifies between Upbit and The Pica Project. Sotheby’s to accept crypto for 101 carat diamond auction. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Jun 22, 2021

China's crypto crackdown continues as its central bank says banks must block crypto transactions. Cryptocurrencies plummeted Tuesday morning, with bitcoin dropping below $30K. Michael Wu, Amber Group co-founder and CEO, joins "First Mover" with his crypto markets analysis and outlook.

Jun 22, 2021

The Financial Action Task Force, a G7 initiative to develop policies against money laundering and terrorism financing, is holding an ongoing plenary session with cryptocurrency on its agenda. CoinDesk's Nikhilesh De sheds light on what to expect and the implications for the crypto community. He also discusses new observations about the Facebook-backed Diem project, formerly known as Libra.

Jun 22, 2021

The ​most expensive blockchain to use is Ethereum, with users paying over $5 million per day in transaction fees, compared to Bitcoin's $1.5 million. This July, Ethereum's fee market is expected to undergo a radical change known as Ethereum Improvement Proposal (EIP) 1559. CoinDesk's Christine Kim breaks down her comprehensive report on the key findings and investment implications for the upgrade.

Jun 22, 2021

Steve Ehrlich, CEO of Canadian cryptocurrency brokerage Voyager, discusses China’s pressure on crypto and impact on the activity on his platform. “We’re also seeing a lot more money coming into the platform again as people see this as another opportunity to buy again,” he added.

Jun 22, 2021

More than 3000 ATMs from ICBC, AgBank in China to offer CBDC-to-cash swap. ‘Crypto king’ nabbed in India as government re-evaluates regulatory bill. HK-based Amber Group becomes Asia’s latest unicorn after raising funds. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Jun 22, 2021