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The Hash Announces Show's End
"The Hash" hosts have been reporting on the biggest stories in the digital assets space for over two-and-a-half years, but the journey is coming to an end on August 31, 2023.
Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE
A member of the Pepecoin team has blamed some rogue developers on the project for last week’s unprecedented transfers out of the token’s multisig wallet and effectively stealing millions worth of the meme coin, according to a post on X (formerly Twitter). "The Hash" panel weighs in on the alleged illicit activities conducted by "bad actors led by big egos and greed."
Ethereum's Daily Transaction Fees Fall to Lowest Single-Day Total Since December
Ethereum's daily transaction fees hit an 8-month low of $2.8M on Sunday, according to data tracked by blockchain analytics firm CryptoQuant. A decline in total fees paid indicates low network usage, but could point to a rise in popularity of Ethereum layer 2 scaling solutions. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Prime Trust's CEO Says Firm Lost $8M in Doomed Terra Stablecoin Investment
Prime Trust CEO Jor Law said in a recent court filing that the crypto custodian lost a total of $8 million in a doomed investment in the terraUSD algorithmic stablecoin. "The Hash" panel discusses the latest developments in Prime Trust's bankruptcy proceedings.
Unpacking PayPal's Stablecoin Demand From Crypto Users
Global payments giant PayPal's (PYPL) new stablecoin has seen a "lack of demand from crypto users," according to a new report from The Block, citing data from blockchain analytics firm Nansen. "The Hash" panel discusses their outlook for PayPal USD (PYUSD) as the crypto winter drags on.
U.S. Crypto Tax Proposal Will Provide Greater 'Clarity' in Sector: Tax Expert
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations. Miles Fuller, Taxbit head of government relations, says "This is probably one of the most highly anticipated things to happen in this space...now we have that and it should provide a lot of clarity."
FTX Founder Sam Bankman-Fried's Attorneys Renew Push for 'Temporary Release' Ahead of October Trial
FTX founder Sam Bankman-Fried's attorneys have filed a new motion to secure his "temporary release" from jail for his legal defense work. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the latest filings and Judge Lewis Kaplan's previous response to the request.
How to Navigate the Treasury Department’s Crypto Tax Proposal
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements. Taxbit head of government relations Miles Fuller discusses what to make of the new plan and the potential outcomes.
'The Worst Is Over' for Bitcoin, Hashdex CIO Predicts
Bitcoin (BTC) is paring some earlier losses after dipping under $26,000 on Monday amid generally bearish sentiment among crypto traders and the lack of new catalysts to rally markets. Hashdex CIO Samir Kerbage discusses price levels to watch and why he thinks the worst is now over for the largest cryptocurrency by market cap. Plus, insights into the current macro environment.
Mastercard and Binance Cutting Ties on Crypto Card Is 'Big News:' Vanderbilt Law School Associate Dean
Mastercard is ending its crypto card program with Binance in Argentina, Brazil, Colombia, and Bahrain, effective September 22. Vanderbilt Law School associate dean and professor Yesha Yadav discusses the industry implications and why this is "big news for Binance." Plus, Yadav's take on the future of crypto payments at large and what to make of the latest developments around FTX's bankruptcy case.