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GameStop Ending Support for Its Crypto Wallets Amid 'Regulatory Uncertainty'

GameStop (GME) announced that it will remove its support for crypto wallets roughly one year after launching the service, citing the regulatory uncertainty in the United States. "The Hash" panel shares their reaction to the video game retailer's decision to pull back from its crypto efforts.

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Binance Nearly Shut U.S. Exchange to Protect Global Operations: Report

According to a report from The Information, Binance CEO and founder Changpeng "CZ" Zhao nearly shuttered the crypto exchange's U.S. arm earlier this year in order to protect the wider company. "The Hash" panel discusses the recent regulatory scrutiny surrounding the exchange and CEO Zhao. A spokesperson for Binance.US did not have a comment when reached by CoinDesk.

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Worldcoin Activity Suspended in Kenya Over Security and Privacy Concerns

According to a Facebook statement, Kenya's Ministry of the Interior has suspended the operations of Worldcoin as the country's financial, security and data protection services investigate the project. "The Hash" panel shares their thoughts on the legitimacy of the identity crypto protocol co-founded by OpenAI's Sam Altman.

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DOJ Has ‘Extremely Thin’ Basis to Jail Sam Bankman-Fried Before Trial: Defense

Attorneys for Sam Bankman-Fried are pushing back against the DOJ’s motion to jail FTX founder ahead of his trial over allegations that Bankman-Fried has tampered with witnesses. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the defense team's arguments.

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July Is Worst Month For Crypto Hacks and Exploits This Year, Costing Traders $303M: CertiK

Crypto traders lost over $300 million in exploits and hacks in July, according to security audit firm CertiK. The report comes after roughly $52 million was drained from Curve Finance. CertiK CEO and co-founder Ronghui Gu discusses the state of crypto attacks and the vulnerabilities of open finance, sharing insights into the future of the DeFi ecosystem.

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Kraken to Place NFTs on Formula 1 Team’s Cars at the Grand Prix

Crypto exchange Kraken will place non-fungible tokens (NFTs) on the back of British F1 team Williams Racing's cars competing in the U.S. Grand Prix this October. Kraken CMO Mayur Gupta shares insights into the ongoing partnership and the state of crypto marketing amid crypto winter.

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July Was a 'Dark Month' for the Blockchain Industry: CertiK CEO

Crypto investors suffered $303 million of losses from exploits and hacks last month, according to CertiK. Ronghui Gu, CEO and co-founder of CertiK, said July was a really "dark month" for the blockchain industry.

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Kenya Suspends Worldcoin Activity Over Financial Security, Privacy Concerns

Kenya's Ministry of the Interior suspended the operations of Worldcoin, the identity crypto protocol co-founded by OpenAI's Sam Altman, citing the legitimacy and privacy concerns of the project. "First Mover" hosts discuss the suspension and European countries' investigations into the Worldcoin project.

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MicroStrategy Reports Q2 Earnings, Shares Rise 15% in Past Month

Shares of Microstrategy (MSTR) have risen 15% in the past month. This comes as Microstrategy reported quarterly earnings last night with an impairment charge of $24.1 million on its bitcoin holdings in the second quarter.

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China Is Binance’s Largest Market: WSJ

A new report from the Wall Street Journal says Binance users traded $90 billion of crypto-related assets in China in just one month, making the country Binance's largest market by far. CoinDesk Executive Director of Global Content Emily Parker unpacks the details, shedding light on China's role in the global crypto scene.

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