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Crypto Goes Unmentioned in Trump-Musk Interview; 3AC Liquidators Suing Terraform Labs for $1.3B
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as crypto and bitcoin went unmentioned in the interview between X CEO Elon Musk and former President Donald Trump. Plus, 3AC liquidators have sued Terraform Labs for $1.3 billion and Hamster Kombat bashes crypto VC funding.
Friend.tech: The Legal and Tax Ins and Outs of This Year’s Hottest Crypto App
Friend.tech, a decentralized social media platform in which you can buy and sell “keys” in your friends on X, whose value can go up and down, has become a viral sensation, racking up as many as 100,000 users since launching on August 10. Securities and banking law professor at George Mason Law School JW Verret, and tax partner and co-head of the Digital Assets and Blockchain Practice at Fried Frank Jason Schwartz, share their thoughts.
Vitalik Buterin's X Account Is Hacked; Altcoins Start Week in the Red
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including an update on Ethereum founder Vitalik Buterin's X account getting hacked. Ripple’s XRP token has dropped over 5% in the past 24 hours. Coinbase clarifies its stance on operations in India. And, the former CEO of Algorand is set to lead a company that will take over bankrupt crypto lender Celsius’ operations.
U.S. Court Calls ETH a Commodity; Binance to 'Gradually' End Support for BUSD Products
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto today. Elon Musk's social media platform, X, obtains money or currency transmitter licenses in seven U.S. states. A New York court is classifying ether and bitcoin as "commodities", what it means for a proposed class action lawsuit against Uniswap. Plus, the timeline for Binance ending support for its BUSD stablecoin.
Elon Musk's X Obtains Licenses in Multiple U.S. States to Process Payments, Including Crypto
Elon Musk's social media platform, X (formerly Twitter), has obtained payments licenses from several U.S. states in recent months, including a currency transmitter license in Rhode Island that is required for offering crypto services. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in on the social media platform's exploration of payment options.
Crypto Sleuths Find Link Between BALD Rug Pull and Sam Bankman-Fried’s Alameda Research
The rug-pulling of short-lived, heavily hyped meme coin bald (BALD) has a whole cast of characters, but is one of them Sam Bankman-Fried? "The Hash" panel shares their reaction to the latest speculation on X (formerly known as Twitter) and what on-chain evidence is actually suggesting as Bankman-Fried’s access to the Internet is heavily controlled.
Dogecoin Jumps Amid Hopes Token Plays Larger Role in X Platform Rebrand
Dogecoin (DOGE) rose for the second straight day as speculations of the memecoin playing a bigger role on the newly-rebranded X platform, fuelled the rally. Futures traders lost nearly $10 million betting on and against dogecoin’s price movements, Coinglass data shows. "The Hash" panel discusses the latest price action in the meme economy.
Goodbye, Bird: 'X' Tokens Emerge After Elon Musk's Twitter Rebrand
Several tokens branded ‘X’ popped up on decentralized exchanges (DEX) overnight as Elon Musk-owned Twitter changed its iconic blue bird logo for an X symbol. "The Hash" panel discusses the latest changes as Twitter CEO Linda Yaccarino stated in part, "powered by AI, X will connect us all in ways we’re just beginning to imagine."