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Latest from Zack Seward
Outlining the Global Standards for Crypto; Reaction After Coinbase Starts Layer 2 Network Base
"The Hash" team weighs in on today's top stories, including the Financial Action Task Force agreeing on an action plan to drive the "timely implementation" of its global standards for crypto. Plus, Base Protocol’s BASE tokens jumped, then dumped, in the past 24 hours following an announcement by crypto exchange Coinbase about the launch of its layer 2 blockchain Base.
Sam Bankman-Fried Faces Four New Criminal Charges; Coinbase Launches Layer 2 Blockchain with No Plan to Issue New Network Token
The hosts of "The Hash" weigh in as FTX founder Sam Bankman-Fried faces additional charges, including bank fraud allegations, under a new 12-count indictment. Coinbase (COIN) launched Base, a layer 2 network built using Optimism's OP Stack, to attract new crypto users. In a new filing, New York and Federal financial regulators say a $1.02 billion deal by Binance.US to purchase assets of defunct crypto lender Voyager could prove discriminatory and unlawful. Plus, a Federal judge rules that the offering of Dapper Labs’ NBA-branded “Top Shot” non-fungible tokens might be securities.
Voyager Probed by FTC, Firm's Attorney Confirms Sale to Binance US Remains 'On Track;' Blur Co-Founder Reveals Identity
The hosts of "The Hash" weigh in on the news of the day. Bankrupt crypto lender Voyager Digital and its executives are being probed for deceptive cryptocurrency marketing, the Federal Trade Commission (FTC) said in a new legal filing. One of the co-founders of the rising non-fungible token (NFT) marketplace Blur ‘Pacman’ shared a photo of himself next to the Web3 avatar he uses for interviews. As part of CoinDesk's "BUIDL Week", new analysis finds developer activity is showing healthy growth in the crypto space.
How Retail Investors Fared After FTX's Collapse; Litecoin Network Gets Its First NFTs
"The Hash" team covers the biggest crypto headlines of the day, including a new Bank for International Settlements report that reveals that while most crypto app users worldwide lost money on their bitcoin holdings after last year's collapses of the Terra ecosystem and the FTX exchange, investors outside of major economies took the biggest hit. Plus, developers are forking Bitcoin ordinals to give older proof-of-work networks such as Litecoin their first set of non-fungible tokens (NFTs).
Binance Reportedly Mulls Cutting US Ties; Revelations in SEC's Charges Against Do Kwon and Terraform Labs
Binance Holdings, the world’s largest crypto exchange, is considering severing its ties with U.S. business partners amid heightened scrutiny from regulators, according to Bloomberg. Separately, the U.S. Securities and Exchange Commission (SEC) released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs, alleging Kwon and others “engaged in a scheme to deceive and mislead investors…in the U.S. and abroad.” The Hash" hosts share their insights on these top stories of the day.