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‘Everyone Has Been Bitten By The Chia Bug’; Indian Banks Puzzle Crypto
The Indian crypto industry speaks out after banks try to block crypto transactions based on a banking ban that no longer exists. The Chia bug keeps on biting. The “green” alternative crypto coin has one exchange calling the first week of trading “crazy.”
Federal Reserve Proposes Guidelines for ‘Novel’ Banks to Access Fed Payments
The Federal Reserve is developing guidelines that would, if passed, provide crypto banking companies like Avanti access to the federal payments system. CoinDesk’s Nik De breaks down the significance of the proposal. Plus, a discussion of the IRS’s recent “John Doe” summons on Kraken.
The State of Crypto in South Africa
The volatility of the Rand and exchange controls have driven widespread crypto adoption in South Africa, but lack of regulatory clarity has created problems for crypto companies like Revix, which recently moved its headquarters out of South Africa to Germany “out of desperation.”
CME Group Launches ‘Micro’ Bitcoin Futures Product
CME Group’s “micro bitcoin” futures product, announced in March, has officially opened for trading. The group hopes the new product, which is one-tenth the size of a bitcoin, will lower the barrier to entry for average investors. Tim McCourt of CME Group joins “All About Bitcoin” to discuss the launch.
Bitcoin Making Room for Ether and Other Crypto
While Ether and Dogecoin are setting new records this week, bitcoin remains in the band between $50K and $60K. CoinDesk’s Director of Data and Indexes, Galen Moore, discusses markets news and a look at bitcoin compared to other cryptocurrencies across bull and bear cycles.
Bitcoin's Seesaw Ride Following Yellen's Interest Rate Comments
Yesterday, bitcoin and the stock market fell following comments from U.S. Treasury Secretary Janet Yellen about the possibility of raising interest rates. Later, Yellen walked back her remarks, and bitcoin, apparently responding, bounced. "All About Bitcoin's" host Christine Lee looks at the price fluctuations in the Chart of the Day.
Yellen Tones Down Rate Hike Comments; Hints at US Crypto Regulatory Framework Need
During a Wall Street Journal event Tuesday, U.S. Treasury Secretary Janet Yellen clarified her previous comments on inflation, saying she’s “not predicting or recommending” rate hikes. BTC has bounced back nearly 7% in the past 24 hours.
$700M Forbes Bidder Plans Crypto Future for Storied Media Brand
Forbes has been offered $700 million to be acquired by Patrick McConlogue’s Borderless Services, a blockchain holding group. “The Hash” panel tackles the intersection and future of media and blockchain technology.
Bitcoin Coming to 300M Checking Accounts This Year
Digital asset firm NYDIG is partnering with FIS to enable hundreds of U.S. banks to offer customers the ability to buy, sell and hold bitcoin. Will this move finally bring bitcoin to the masses? “The Hash” panel’s Will Foxley calls it “some of the biggest news of the year.”
Crypto M&A Is Booming: What Happens Next?
Crypto mergers and acquisitions (M&A) are booming with the latest news from Galaxy Digital to buy BitGo for $1.2 billion and Blockchain.com to acquire artificial intelligence firm AiX to expand institutional offerings. “The Hash” panel discusses the rise in crypto M&A and where we go from here.