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How Capitol Hill is Reacting to Terra’s Collapse
Ron Hammond, director of government relations at The Blockchain Association, one of the crypto industry’s largest lobbying groups, discusses how Capitol Hill is reacting to the implosion of Terra’s algorithmic stablecoin UST, and why it might not be a popular topic among U.S. lawmakers.
Paul Brody on the Rise and Fall of Terra Luna, Blockchain Use Cases and More
Ernst & Young’s (EY) Paul Brody shares insights into the collapse of Terra’s UST and LUNA, discussing the importance of investing in protocols with “institutional maturity.” Plus, EY has unveiled its supply chain manager built for the Polygon network aimed at solving bottlenecks in product traceability.
US Agencies Warn of Attempts by North Koreans to Get IT Jobs
Three U.S. government agencies warned on Monday that some North Korean IT workers were trying to secure jobs while concealing their nationalities. CoinDesk’s Nikhilesh De discusses what we know so far and what this means for crypto.
Terra Hard Fork Proposed; Temasek ‘Doesn’t Own Bitcoin
Terra fiasco weighs on South Korean P2E projects. Do Kwon proposes Terra fork, ditching UST. Singapore’s Temasek says it doesn’t own Bitcoin, but is getting ready for tokenized assets. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Circle’s Jeremy Allaire on Regulating Stablecoins
In the wake of Terra’s UST stablecoin failure, Jeremy Allaire of Circle, the company behind the USDC stablecoin, says that having a national policy to regulate crypto is “a good idea.” In this discussion with “Money Reimagined” host Michael Casey, Allaire explained the U.S. regulation that he thinks is and is not likely to happen.
Mara CEO on Raising $23M to Spread Crypto Adoption Across Africa
Pan-African centralized crypto exchange Mara raised $23 million in a funding round led by Coinbase Ventures, Alameda Research and others to boost crypto adoption across Africa. CEO Chi Nnandi shares his insights into the raise, discussing the benefits and hurdles for crypto integration in Africa.
Bitcoin Sees 7 Straight Weeks of Losses for First Time in History
Bitcoin has had seven straight weeks of losses for the time first in its history amid a downturn in broader markets, stricter crypto regulations, waning retail interest and systemic risks in the crypto sector. Where is BTC headed next? "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin’s Next Move After First 7-Week Losing Streak in History
CrossTower Global Head of Trading Pratik Shah discusses what could be in store for bitcoin as it closed in the red for seven consecutive weeks for the first time in history. “We see this as a corrective phase in a broader and a structural trend higher in bitcoin,” Shah said.
Nayib Bukele Announces 44 Countries to Meet in El Salvador to Discuss Bitcoin
El Salvador president Nayib Bukele said on Twitter 44 countries will meet in the country on Monday to discuss “financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and its benefits.”
Terra's $38.5M Nationals Sponsorship Unfazed by UST Turmoil
Terra protocol's dramatic death spiral last week did not significantly impact its presence at the ballpark of Major League Baseball’s Washington Nationals. Terra signed a DAO-approved, five-year advertising deal with the Nationals in February for $38.5 million. "The Hash" panel discusses the latest in the Terra saga and what it reveals about the reality of major crypto sponsorship deals.