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Latest from William Foxley
Sam Bankman-Fried's Reported Extradition Plans; Twitter Under Elon Musk
The Hash hosts discuss today's top stories: Sam Bankman-Fried reportedly is expected to agree to extradition to the U.S. according to several media outlets. Ethereum co-founder Vitalik Buterin is voicing concerns about Elon Musk’s recent Twitter decisions, writing in part it could put the social media company on “the path to authoritarianism.” Plus, news from Yuga Labs and Binance.US.
BIS Warns DeFi May Exacerbate Volatility; Gemini Back Online After Being Down for Over 7 Hours
"The Hash" team discusses some of the top news stories shaping the crypto markets today. New papers from the Bank for International Settlements (BIS) said that decentralized finance (DeFi) could lead to bumpier financial markets and may not fix problems of large intermediaries dominating. Plus, crypto exchange Gemini is back online after being down for over seven hours due to a scheduled maintenance, the firm said.
NY Banks Need Crypto Business Permission; Trump Unveils NFTs and More
"The Hash" tackles today's top stories including: Why CryptoQuant says its data indicates that Binance is not exhibiting "FTX-like" behavior, New York banks need to get permission for crypto services from the state regulator, and the United Nations is using Stellar's blockchain to help get funds to war-impacted Ukrainians. Plus, former President Donald Trump's new NFT trading cards.
Lawmakers Scrutinize Crypto Industry in Senate Banking Committee Hearing on FTX Collapse
"The Hash" hosts dive into today's top headlines. On Capitol Hill, senators are zooming in on FTX's collapse and the fallout for retail investors. Binance's CZ is warning staff of "turbulent times" ahead, according to an internal memo. And, Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) are introducing a bill to crack down on money laundering and financing of terrorists and rogue nations via cryptocurrency.
New FTX CEO Testifies Before Lawmakers; Sam Bankman-Fried Formally Charged With Fraud in US Court
FTX's new CEO John J. Ray III is testifying before the House Financial Services Committee about the crypto exchange's collapse. This comes as U.S. prosecutors revealed a litany of charges against former CEO Sam Bankman-Fried, including wire fraud, conspiracy to commit money laundering and campaign finance violations. "The Hash" team breaks down the latest developments.