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Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

CoinDesk’s Nikhilesh De on the main takeaways from Wednesday’s Senate Banking Committee hearing where Massachusetts Senator Elizabeth Warren and other lawmakers grilled four witnesses about bitcoin and their views on whether to develop a U.S. Central Bank Digital Currency (CBDC) or “digital dollar.”

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Americans Earned Over $4B in Bitcoin in 2020, More Than Triple the Investors in Other Countries

A new study that shows which countries have realized the most bitcoin gains reveals American investors earned over $4 billion in bitcoin in 2020, more than triple that in any other country. CoinDesk’s Director of Data and Indexes Galen Moore digs into the data.

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Bitcoin Hashrate Declining Amid China Crackdown

The bitcoin hashrate tumbles amid more crypto mining operations in China shutting down. The country’s Qinghai province is the latest to announce a new crypto ban, following Xinjiang and inner Mongolia. Darin Feinstein of Blockcap, one of North America’s largest miners, weighs in.

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Bitcoin Hashrate Plunging Amid China Crackdown

The bitcoin hashrate, which stands for the global computing power used to process transactions on the Bitcoin proof-of-work blockchain, is plunging to its lowest level since last November as several provinces in China are shutting down crypto miners. Christine Lee breaks down the data in today’s Chart of the Day.

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Solana Labs Raises $314M in Token Sale Led by A16z, Polychain

Solana Labs has raised $314 million from top crypto venture firms, including Andreessen Horowitz and Polychain Capital. One of the most significant token sales in recent memory, it supercharges plans to build an expansive decentralized finance (DeFi) ecosystem on the Solana blockchain. Is Solana becoming a leading contender as the “ethereum killer?”

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SEC’s Peirce Says Overzealous Regulation of Cryptocurrency in the US Could Hinder Innovation

SEC commissioner Hester Peirce warns regulators not to go overboard with crypto regulation, saying it could stifle innovation. “The Hash” team reacts.

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Hundreds Arrested in FBI Global Sting Operation Via Encrypted App ‘Anom’

A major law enforcement operation has captured hundreds of crime rings and recovered millions in crypto. The operation involved the surveillance of 27 million messages via an encrypted messaging platform, “Anom.” “The Hash” panel discusses how law enforcement used the encrypted app and what it means for data privacy and security.

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IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors

The Internal Revenue Service has requested $32 million in funding to enforce crypto taxation and wants to hire specialized blockchain analytics contractors. This comes on the heels of a ProPublica report which revealed many of the wealthiest people in the world only paid little in income tax. "The Hash" panel digs into the world of tax and crypto.

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El Salvador Officially Becomes First Country to Adopt Bitcoin as Legal Tender

Bitcoin is now officially a currency in El Salvador. “The Hash” team discusses what the move means for the crypto community and the world.

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Bitcoin vs. Ethereum: Which Will Dominate?

Bankless Co-founder David Hoffman and Chainstone Labs CEO Bruce Fenton compare bitcoin and ethereum’s pros and cons and which will dominate in the long term. Hoffman and Fenton discuss the unique technical features of bitcoin and ethereum.

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