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Lawmakers Spar over Stablecoin Bill; Amazon Dives Deeper into Web 3

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Financial Services Committee Chair Patrick McHenry (R-NC) points to the White House for derailing progress on stablecoin legislation. Plus, a new report from Crystal Blockchain provides an update on the role of crypto donations in Ukraine’s fight against Russia. And, Amazon unveils a new Web3 play. 

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EU Metaverse Policy Should Consider Nondiscrimination, User Safety, Data Privacy: Commission Official

The European Union needs to consider issues such as non-discrimination, user safety and data privacy when considering how to regulate the metaverse, a senior European Commission official said Friday. The EU has lately set out sweeping regulations to control the ability of big companies like Google and Amazon to dominate the online space. "The Hash" panel discusses the future of the metaverse and the need for virtual safety.

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Amazon May Launch NFT Initiative Soon: Report

Amazon is rumored to be unveiling an NFT initiative, part of the retail giant's larger push into Web3, according to a report from Blockworks. "The Hash" panel discusses what it means to Web3 developments and if the reported Spring timeline will come to fruition.

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Why Crypto Is More Than a Market

Bitcoin (BTC) is down almost 60% over the past 12 months, but Noelle Acheson, Crypto is Macro Now Economist, argues that crypto is more than a market. She breaks down her CoinDesk article, titled "A New Philosophy of Markets: Assets That Embody Technology," and compares the risk in crypto to Amazon investments in its early days.

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Amazon Reportedly Plans to Lay Off 10K Employees Amid Tech Rout

Amazon is said to cut approximately 10,000 jobs which could begin as early as this week, according to The New York Times. "The Hash" panel discusses what this means for the crypto industry as the tech rout widens.

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Adapting to a Digital Future: Fast, Fluid and Frictionless Payments

AI Infrastructure Alliance Managing Director Dan Jeffries discusses the necessary steps in crypto’s evolution for it to become a mainstream form of payment. Jeffries explains how the Web 2 business models of Spotify and Amazon provide utility to their customers, while highlighting the role of digital assets in a “surveillance economy.”

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Amazon Isn’t Interested in Crypto Payments, Exploring NFTs Instead

Amazon CEO Andy Jassy recently stated that the e-commerce giant does not have plans for cryptocurrency payment integration but is considering adding non-fungible tokens (NFTs) to its retail business. “The Hash” panel discusses the vitality of crypto for everyday payments, considering transactions fees and price fluctuations while noting the possible use cases for stablecoins. 

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Amazon Marketplace Owners Can Now Be Bought Out in Crypto

Amazon Marketplace owners who sell their business to Elevate Brands will now have the option of being paid in crypto in partnership with Coinbase Prime. “The Hash” team discusses what this means for Amazon following the industry’s first institutional mergers and acquisitions (M&A) rollup offering bitcoin as a payout option.

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Amazon to Stop Accepting Visa Credit Cards Issued in UK Due to High Fees

Amazon has pulled support for Visa credit cards in the United Kingdom, citing high fees. "The Hash" team discusses the move and its implications for payment networks in the crypto industry. "I'm glad that more merchants are realizing how high the fees are with these credit cards," host Naomi Brockwell said. "Crypto can provide a much better alternative."

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