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Could the Heat and Feared Blackouts in Parts of the U.S. Affect Bitcoin Mining Operations?
Texas and other U.S. states across the West are facing energy grid shortfalls this summer as severe drought reduces the amount of water available for hydroelectric power generation, says the Wall Street Journal. CoinDesk's Christie Harkin and Brad Keoun discuss the possible impact of power shortages for miners in the area and the wider crypto mining community.
NYDIG: Bitcoin's Most Valuable Property Is Non-Correlation to Existing Asset Classes
Bitcoin's most valuable property as a financial asset is its non-correlation to existing asset classes and other macro factors, according to NYDIG. Christine Lee breaks down the Chart of the Day.
Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar
CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including the Fed's announcement of raising interest rates, hedge funds pledging more capital to crypto, the impact of El Salvador's currency law, rising ESG concerns, China's crackdowns on bitcoin mining operations, and Taproot activation.
CNN Launching NFT Featuring Moments From Network’s 41-Year History
CNN is launching a non-fungible token (NFT) collection on the Flow blockchain, featuring key moments from the cable news network’s 41-year history. “The Hash” panel digs into CNN getting into the NFT market and what this means for crypto in mainstream media.
Scammers Are Sending Fake Hardware Wallets to Ledger Users
Scammers are sending Ledger users fake hardware wallets in phishing attempts, following a 2020 data breach that exposed nearly 300,000 customer addresses. “The Hash” hosts advise how to stay protected against data breaches and avoid crypto scams.
Chicago Seeking to Be Cryptocurrency Finance Center
Is Chicago America's next cryptocurrency hub? From hosting one of the Midwest's largest crypto mining facilities to a Chicago-based bitcoin ATM operator, Illinois is emerging as the next epicenter for the digital asset space. The Prairie State also plans to issue a bill similar to Wyoming's special-purpose depository institution (SPDI) charters. "The Hash" explores Illinois' crypto ambitions.
Saylor: We Must Counter ‘Misinformation’ About Bitcoin’s Environmental Damage
At Wednesday’s Bitcoin Mining Council meeting, Microstrategy CEO Michael Saylor said a key problem in the crypto space isn’t bitcoiners, but the negative headlines about mining. “The Hash” hosts react to Saylor’s concerns about “misinformation” in bitcoin mining, discussing the larger role of the Bitcoin Mining Council.
Sichuan Becomes Latest Chinese Province to Order Bitcoin Miner Shutdown
In China's Sichuan province, the world's largest hydro-powered bitcoin mining area, Ya'an is set to shut down mining operations. "The Hash" panel discusses China's continued crackdowns on bitcoin mining operations and what this latest development means for the bitcoin community.
Juneteenth Hologram NFT Drop Featuring Viral Black Artists
Jadu, a mobile augmented reality platform for holograms, is immortalizing viral TikTok dances and other holographic performances of Black artists as non-fungible tokens (NFTs) in honor of the Juneteenth holiday. Jadu CEO Asad J. Malik joins "First Mover" to discuss the importance of the release and how it connects to the legacy of Juneteenth.
Crypto Clampdown Hits Sichuan; DTravel Launches Airbnb Rival
China crypto mining clampdown hits Sichuan as miners seek safe-havens. Shanghai promotes digital yuan with a red envelope lottery. DTravel launches decentralized rival to Airbnb. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”