FM Clip

Jack Ma's Ant Group confirmed that it has been working on the digital yuan project with China's central bank since at least last year, providing the People's Bank of China access to its database technology and payment tools. Nik De breaks it down. Plus, the House passes the first major crypto-specific legislation aimed at breaking down barriers to innovation.

Apr 27, 2021

Bitcoin has been taking a breath after rocketing past $60K last month, but when will bitcoin resume its ascent? Daniel Lacalle, chief economist at Tressis Gestión, joins “First Mover” to weigh in on the current state of the crypto markets and share his thoughts on the outlook for DeFi.

Apr 27, 2021

India is currently being hit with a deadly second wave of COVID-19, and leaders in the crypto industry have been donating crypto to help purchase food and medicine. While the Indian government has been cracking down on crypto, Neeraj Khandelwal, CEO of Mumbai-based CoinDCX, thinks it’s too late to ban bitcoin in India.

Apr 27, 2021

Internet giant Ant Group, which owns mobile payment leader Alipay, says it will offer technical support to help China roll out its digital currency. JD.com, a leader in China’s e-commerce space, reveals that it’s started paying some employees with the DCEP.

Apr 26, 2021

Despite being a foundational reason for the creation of cryptocurrencies, the blockchain is not as private as many expected. Privacy coins are rising in popularity, and privacy-focused blockchains like Aleo are raising millions to create completely private applications. Howard Wu of Aleo joins “First Mover” to discuss how zero-knowledge proofs can ensure blockchain privacy.

Apr 26, 2021

Bitcoin recovered about one-third of the recent decline from $64.8K to nearly $47K, but what’s behind the bounce? According to Kapil Rathi, CEO of CrossTower, the rise in price could be attributed to various factors, including increased retail investment, decreased leverage in the Asian markets, and signs that institutions bought the dip.

Apr 26, 2021

Paxos has received preliminary approval from the OCC to form a national trust bank, making it the third such “crypto bank” to be nationally regulated. Paxos’ General Counsel Dan Burstein joins “First Mover” to discuss what it means to become a crypto bank and if it will affect its partnership with PayPal.

Apr 26, 2021

The CEO of Turkey-based crypto exchange Thodex is still missing, along with hundreds of millions of dollars in users’ funds, after the exchange went dark last week. The Turkish government is investigating Thodex’s collapse and threatening further crypto crackdowns. Nik De reviews the situation in Turkey. Plus, an update on regulations in South Korea.

Apr 26, 2021

Cryptocurrency investors in South Korea are striking back at authorities’ anti-crypto rhetoric. A series of national petitions, including one to unseat financial watchdog chief Eun Sung-soo, gained traction after he disregarded cryptocurrencies as “real currency," The crypto market swims in seas of red as 13% of its total market cap is shaved off in the past 24 hours. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Apr 23, 2021

Coinbase will list Tether on its professional trading platform. The decision is a controversial one: Tether has been involved in a series of legal disputes, including with the New York Attorney General's Office, over its claims to be backed by the US dollar. Nik De breaks down the situation.

Apr 23, 2021