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Putin Signals Tolerance of Cryptocurrencies
CoinDesk’s Nikhilesh De discusses the specifics, reactions, and implications for Russian President Vladimir Putin saying crypto has value but cannot yet replace the U.S. dollar in settling oil trades.
Coinbase Prime Now Supports Stacking for STX
Coinbase Prime, crypto exchange Coinbase's trading platform serving institutional investors, is now introducing a way to passively earn bitcoin using the stacking feature of STX, the token used by the bitcoin-focused Stacks ecosystem. Brittany Laughlin, executive director of The Stacks Foundation, explains how Stacks works and its connection to bitcoin, the Coinbase partnership, MiamiCoin, and the broader crypto industry.
US Becomes the New Bitcoin Mining King Following China Crackdown
According to the Cambridge Centre for Alternative Finance (CCAF), the U.S. has become the world’s leader in bitcoin mining following China’s renewed crypto industry crackdown, accounting for 35.4% of the global hashrate as of the end of August, more than doubling from 16.8% at the end of April.
Bitcoin Miner Profits Recover
New data on bitcoin mining profitability reveals the Antminer S9 and S19 mining machines have been following the price of bitcoin up in recent weeks. Arcane Research said the increasing bitcoin price coupled with a stagnating hashrate, or blockchain computational power, has made 2021 a lucrative year for bitcoin miners. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Coinbase and Binance Move to Diversify, Stablecoins Under Scrutiny
Coinbase announces NFT platform. Binance launches US$1 billion growth fund. Stablecoins are under greater scrutiny. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Stripe Is Hiring a Crypto Team 3 Years After Ending Bitcoin Support
Payments company Stripe, whose API supports millions of digital storefronts, has begun assembling a crypto engineering team to chart its future in digital assets. In an industry first, Stripe supported bitcoin in 2014 but abandoned the service four years later.
Stronghold Digital Sets IPO Price at $16-$18 a Share
Stronghold Digital, a bitcoin mining firm that converts coal waste into power for its operations, plans to raise $94 million and $106 million in an IPO. According to a filing with the SEC, it plans to sell about 5.9 million shares at $16-$18 per share for acquisitions of mining rigs and power-generating assets.
Dapper Labs Signs Multi-Year Partnership With NBA Star Kevin Durant’s Boardroom
Boardroom, a sports media company created by NBA star Kevin Durant and his investment firm Thirty Five Ventures, has agreed to a two-year partnership with Dapper Labs to help create original NBA Top Shot Moments and video content. This comes as JAMBB raised $3.5 million to build a comedian-focused NFT marketplace on the Flow blockchain. "The Hash" group discusses NFT video moments as the latest emerging trend to watch.
Andreessen Horowitz Reportedly Plans to Meet With Washington Policymakers Over Web 3
Venture capital (VC) firm Andreessen Horowitz (a16z) is reportedly planning to meet with leaders in Washington over the regulation of the next generation of the internet, commonly known as Web 3. "The Hash" panel discusses the possible outcome for Web 3 technologies and regulations, the role of VCs in policymaking at Capitol Hill, and the wider U.S. crypto regulatory landscape.
With $8.5M in Funding, Can Strips Finance Make DeFi Derivatives Click?
Strips Finance has raised $8.5 million to launch a new derivatives platform in November that will initially enable interest rate swaps (IRSs) via automated market makers (AMMs), the decentralized exchanges over which much of DeFi is transacted. CEO Ming Wu shares insights into the launch as part of the latest effort to overcome the ecosystem-wide reluctance in DeFi to embrace more complex financial instruments.