Market Color YouTube

Market Color Podcast

Episode Summary

• U.S. Federal Reserve Chairman Jerome Powell has told Congress he does not intend to ban cryptocurrencies but said stablecoins need greater regulatory oversight.
• Visa has developed a conceptual protocol, called “Universal Payments Channel” (UPC).
• Compounds Finance’s new upgrade, contains a bug that has given users an “unusual amount” of COMP tokens as rewards.
• Argo Blockchain has agreed to buy 20,000 mining machines for the data center it is building in West Texas.
• It been reported that decentralized exchange aggregator 1inch has begun geofencing U.S. IP addresses. This move aim to pave the way for a new product launch in the U.S.
• Ripple’s has launched a new $250 million Creator Fund which will provide funding and technical support for artist and developers in the NFT sector.
• Zero Hash, has raised $35 million in a Series C funding round led by Point72 Ventures.
• El Salvador officially starts volcano-powered Bitcoin mining.