THE HASH: Tether Stablecoin's Dominance Reaches 22-Month High; Which Crypto Exchanges Are Staying or Leaving Canada?

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 30 March 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Thursday, March 30, 2023. "The Hash" tackles today's hot topics: The top crypto exchanges are weighing whether or not to remain in Canada as the country tightens crypto regulation. Andy Warhol's artworks will now be available as tokenized investments. Crypto wallet maker Ledger has raised over $100 million in new funding. Plus, why Circle's USDC stablecoin continues to see big outflows while the market share of rival tether (USDT) is growing. See also: USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say Coinbase Aims to Stay in Canada; Binance Could Be Poised to Exit Amid Regulatory Shakeup Crypto Exchange Kraken Commits to Tougher Rules Required by Canada Andy Warhol Artworks to Be Offered as Tokenized Investments on Ethereum Crypto Hardware Wallet Maker Ledger Raises Most of $109M Round: Bloomberg European Banking Regulator Calls Attention to Digital Ledger Technology - This episode has been edited by Jonas Huck. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is the hash podcast.
0:10.0	Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more.
0:15.6	All on the hash for your ears.
0:19.0	You're listening to the Coin Desk Podcast Network.
0:23.3	Hello, good morning, good afternoon, wherever you are in the world.
0:26.2	You are watching The Hash on Coin Desk TV.
0:29.2	I'm Will Foxley.
0:30.0	Join today by my lovely co-host, Jen Sanasi, and Adam B. Levine, the co-host of
0:35.0	the Markets Daily podcast, which you should also check out right
0:37.8	after you listen to us today. Jen, you got the first story. We're going up north to Canada,
0:42.8	at least I guess you're already there. I'm already here. Yeah, I'm bringing you guys with me.
0:47.1	Come on up north to Canada where crypto regulation is getting tighter. So regulation is tightening for crypto exchanges and firms are
0:56.0	responding. Cracken has filed pre-registration paperwork with the Ontario Securities Commission
1:00.7	to become a registered restricted dealer in Canada. Coinbase is in talks to remain in the country,
1:06.7	while one of the articles we'll be discussing today says that it looks like finance is likely to leave.
1:13.5	Adam, I'm going to kick this off to you first.
1:16.4	What do you make of these tighter regulations all the way up north?
1:20.0	We've got the cold weather and now we can't even really interact with crypto the way we want to.
1:24.4	Well, I'll leave some of the Canada-specific sort of analysis for you, but my take
1:29.1	on it overall is that Canada is largely dependent and drives a lot of its monetary policy by sort of
1:35.0	what's going on here in the United States, policy around banking and stuff like that. The banking
1:39.8	sector up in Canada is also significantly smaller and much more kind of involved with the state
	...

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