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FTX Closes Record Fundraiser, China Mobile Gets Hot Wallet Patent
FTX closes record US$900 million Series B funding round. China Mobile gets hot wallet currency management system patent. DTravel’s decentralized home-sharing platform hits 200,000 listings. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin 7-Day Volatility Declines to Lowest Level Since October
Bitcoin’s seven-day volatility has declined further this week, recording its lowest level since October 2020. Arcane Research says the volatility is declining as bitcoin converges toward the low end of its two-month consolidation range, concluding that a spike in price seems imminent at this critical level.
‘Bitcoin Boomer’: EU Proposing Ban on Anonymous Crypto Transactions ‘Not That Big of An Issue’
“Bitcoin Boomer” Gary Leland, the founder of the BitBlockBoom Bitcoin Conference, discusses why European Union (EU) policymakers proposing tighter regulation of crypto transfers is “not that big of an issue.”
Bitcoin Close to Wiping Out All 2021 Gains?
Responding to some media outlets reporting bitcoin is due to wipe out all of its 2021 gains, Joshua Lim of digital currency prime broker Genesis discusses his assessment on bitcoin’s price direction, noting the potential correlation to Tesla draining its 2021 gains.
US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics
As central banks around the world race to establish a CBDC, Republican senators Marsha Blackburn, Cynthia Lummis and Roger Wicker are calling on the U.S. national team to effectively boycott China’s digital currency at the 2022 Winter Olympics in Beijing, citing privacy concerns. “CBDC nationalism could get really ugly,” host Zack Seward said.
NFT Marketplace OpenSea Valued at $1.5B in $100M Funding Round Led by A16z
Non-fungible token (NFT) marketplace OpenSea is the latest crypto unicorn with a total valuation of $1.5 billion after a $100 million Series B round that closed Tuesday, led by Silicon Valley’s best-known VC, Andreessen Horowitz (a16z).
Georgia to Put Its Wine on the Blockchain
The eastern European country of Georgia is partnering with Norway-based blockchain trading platform WiV Technology to put some of its wine on the blockchain, enabling investors and enthusiasts to track provenance and buy and sell associated NFTs. “How do you transfer real-world things to the blockchain?” host Naomi Brockwell asked.
Circle: USDC Backed 61% by Cash and Cash Equivalents
In its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and money market funds. “The Hash” panel discusses Circle’s breakdown of its asset reserves, at least partially answering swirling questions about how USDC is supported.
Private Israeli Spyware ‘Pegasus’ Used to Spy on Journalists, Activists, Politicians Worldwide
According to The Washington Post, Israeli technology firm NSO Group’s military-grade spyware “Pegasus” was used to hack phones of journalists, activists, politicians, and two women close to murdered Saudi journalist Jamal Khashoggi.
Meet ‘Minds’, the Anti-Facebook Crypto Social Network That Pays for Your Time
Minds, an open-source decentralized crypto social network, gamifies social media and rewards users with the Ethereum-minted Minds token. Minds.com founder and CEO Bill Ottman discusses how it all works, stressing the importance of putting users first with incentives and rewards.