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Bitcoin Hot in Singapore; China Widens Crypto Mining Bans
Bitcoin as legal tender a hot topic in Singapore. China bans crypto mining in Changji city and Qinghai province, and over 1,000 arrested in China on crypto-related money laundering charges. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing
CoinDesk’s Nikhilesh De on the main takeaways from Wednesday’s Senate Banking Committee hearing where Massachusetts Senator Elizabeth Warren and other lawmakers grilled four witnesses about bitcoin and their views on whether to develop a U.S. Central Bank Digital Currency (CBDC) or “digital dollar.”
Blockstream CEO on El Salvador Involvement, Solar Ventures With Square
Blockstream CEO Adam Back on his involvement with El Salvador becoming the first country to officially adopt bitcoin. Plus, insights into Blockstream’s project with Square to build a solar-powered bitcoin mining facility.
TechCrunch Co-founder on Selling His Kyiv Apartment as a First of Its Kind Real Estate-Backed NFT
TechCrunch co-founder and crypto investor Michael Arrington is selling his Kyiv apartment as the first real estate-backed non-fungible token (NFT) via real estate platform Propy. Arrington, along with Propy CEO Natalia Karayaneva, explains why they decided and what they hope to achieve with the auction.
What's Moving the Crypto Markets?
El Salvador is officially the first country to adopt bitcoin as legal tender, and the price of bitcoin is bouncing from its two-week low. Osprey Funds Founder and CEO Greg King considers the potential factors moving the crypto markets.
El Salvador Becomes First Country to Officially Adopt Bitcoin as Legal Tender
CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains the significance and potential ripple effect of El Salvador officially adopting bitcoin as legal tender. Plus, a look at the U.S. Senate approving a $250 billion bipartisan technology and manufacturing bill to counter China on technological advancement.
Anchorage Digital to Offer Ethereum-backed Loans Through FDIC-Insured BankProv
Digital asset platform Anchorage Digital is expanding its lending service with ethereum-backed loans through BankProv, a traditional Massachusetts-based bank formally known as Provident Bank. This is the first time the crypto custody bank has extended ETH-backed loans through a traditional FDIC-insured bank. Diogo Mónica of Anchorage Digital explains how this works.
India Crypto Feud Continues; Korea Mining Thief Busted
India’s crypto industry takes matters into its own hands. Canaan offers service in Kazakhstan as miners flee China, and a crypto thief in Seoul is busted. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Paraguay to Embrace Bitcoin After El Salvador?
Paraguay may follow El Salvador in announcing meaningful adoption of bitcoin, following a tweet by Paraguay congressman Carlitos Rejala saying a new project will begin this week involving bitcoin and PayPal. Bitcoin.com.py CEO Juanjo Benitez Rickmann joins “First Mover” to discuss the way ahead for crypto adoption in Paraguay.
How Did Federal Officials Recover $2.3M in Bitcoin Paid to Colonial Pipeline Hackers?
Department of Justice and FBI officials say they recovered $2.3 million in bitcoin (BTC) Colonial Pipeline paid to a criminal outfit during a ransomware attack. Nikhilesh De, CoinDesk's Global Policy and Regulation Managing Editor, is looking into how the funds were recovered.