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Virgil Griffith, a developer of the Ethereum network arrested at the end of 2019 on allegations he helped educate North Koreans about cryptocurrencies, will begin his trial Monday. Plus, the potential outcomes of the bipartisan infrastructure bill as the U.S. House of Representatives are to vote Monday. CoinDesk's Nik De discusses what to expect and why this is a continuing story to watch.
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Industry takes China's crypto ban seriously. Markets unfazed by China ban. Exchanges look for regulatory havens. We'll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
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Supposedly censorship-resistant decentralized finance (DeFi) rails are seeing increased activity in the wake of China's crypto crackdown, with bitcoin also ​trending higher. GSR Co-founder & President Rich Rosenblum discusses the connection between the China crackdown and the surge in DeFi, outlook for bitcoin, buying opportunities he's continuing to watch, and institutional adoption.
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As China moves to crack down on crypto, particularly trading with centralized exchanges, DeFi is seeing a rise. David Pakman, a managing partner at crypto VC firm CoinFund and former partner at Venrock, discusses what long-term investment opportunities he's seeing in DeFi and NFTs, also sharing his views on crypto regulation. Plus, insights into his investment thesis, adding crypto "seems to be the largest and most interesting opportunity for long term venture investment, wealth creation, and disruption."
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Reacting to China's latest cryptocurrency crackdown outlawing crypto-related transactions as the country's most comprehensive and severe ban yet, Ballet CEO and former BTCC co-founder Bobby Lee discusses why bitcoin will always be around and thrive. "As a planet, cryptocurrency will never get squashed," he said. Lee also shared his take on the future of OTC trading in China as prominent crypto exchange Huobi Global announced it would stop serving existing China-based users by December 31. Plus, bitcoin's price prediction by the end of the year.
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