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Survey: El Salvadorans Wary of Bitcoin as Legal Tender

A new survey reveals that most of El Salvador's population is skeptical about bitcoin as a standard currency. "The Hash" hosts discuss the swift adoption and potential adverse side effects. "Bukele and his government did it so fast that people didn't have enough time to understand what was going on," co-host Danny Nelson. "They haven't done much to sell why this is useful."

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Square Is Building Bitcoin Hardware Wallet

“We’re doing it,” Twitter CEO Jack Dorsey announced Square is building a bitcoin hardware wallet. "The Hash" hosts react to Square's move into hard wallet. Co-host William Foxley raised questions on the high saturation of the hardware market, saying, “I don’t understand why Square wouldn’t emphasize building options in Cash App. If they’re going for convenience, they have Cash App; a lot of features to add there to make it more robust.”

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Circle’s Transparency Pledge

Circle’s CEO, Jeremy Allaire, promised to make the company ”the most public and transparent operator of full-reserve stablecoins.” Circle began issuing quarterly attestation reports to prove that its assets are fully backed; however, the reports don’t state what the assets are backed by. “The upper echelons of Tether truthers are now bringing the same questions to Circle that they’ve brought to Tether,” Zack Seward, CoinDesk’s Deputy Global News Editor, said.

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Hot DOGE! Elon Musk Thrusts Baby Doge Into the Spotlight, Meme Coin Soars

Tesla CEO Elon Musk tweeted Thursday a shoutout to meme-based cryptocurrency "baby doge," a spinoff of dogecoin (DOGE), sending its value to increase by more than 80%. Has Musk moved on from DOGE? "The Hash" panel discusses baby doge and Musk's influence on the "meme economy."

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Spike Lee Endorses Crypto With Coin Cloud

According to the New York Times, legendary filmmaker Spike Lee has directed and starred in a TV commercial for crypto company Coin Cloud. "The Hash" hosts discuss Spike Lee jumping on the crypto bandwagon and whether Coin Cloud could help bring crypto to the masses.

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What Coinbase's Rate on USDC Reveals About Crypto Credit Risk

Coinbase's below-market interest rate on deposits of the stablecoin USD coin (USDC) reveals customers might prefer lower risk, lower reward. "What is the best way to store dollars? Is it still a bank account, or is it something like this?" host Adam B. Levine asked. "Do we trust Coinbase as much as we trust banks?"

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Freedom of Speech? Trump Sues Social Media Giants Over Censorship

In the latest escalation of former President Donald Trump's years-long battle with Big Tech over free speech and censorship, Trump has sued the CEOs of Facebook, Twitter, and Google. "The Hash" team debates the complicated world of politics and social media, pointing to implications for uncensorable domains on Web 3.0. and consistency in the application of rules by private companies.

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Could Taiwan Become Asia’s Next Crypto Capital?

As crypto miners in China migrate elsewhere, some suggest Taiwan could be their next top destination. "The Hash" panel discusses the possibility of Taiwan emerging as the new digital asset haven of Asia.

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USDC Stablecoin Backer Circle to Go Public in $4.5B SPAC Deal

Jeremy Allaire’s Circle, which issues stablecoin USD coin (USDC), is going public in a special purpose acquisition company (SPAC) deal that values the firm at $4.5 billion. “This deal matters because it’s a continuation of crypto companies making good, going public, and infiltrating the traditional world,” host Adam B. Levine said.

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Why European Parliament Approving Mass Surveillance of Private Communications Matters For Crypto

The European Parliament approved a mass surveillance law that would allow digital companies to scan all users' personal messages on their platforms. "The Hash" hosts dig into the details of the bill as a potential endangerment to the right to privacy and the importance of encrypting data and communication. "In terms of crypto, I'm just thankful that there is strong encryption," host Will Foxley said.

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