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How Power Grids Work for Bitcoin Miners in Texas
Gregg Dixon, co-founder, and CEO of energy software platform Voltus discusses the state of crypto mining and how it is impacting power grids in Texas, breaking down the data on the energy consumption of a bitcoin miner.
BitGo to Sue Galaxy Digital For Abandoning $1.2B Merger Deal; Crypto Funds End Six-Week Inflows Streak
Crypto custody company BitGo plans to sue Galaxy Digital for backing out of the firm's $1.2 billion merger agreement. CoinShares reporting crypto funds had $17 million in outflows in the seven days up to Aug. 12, ending six consecutive weeks of inflows. Plus, European digital bank Revolut has been granted authorization to offer crypto services across the European Economic Area (EEA).
Galaxy Digital Scraps $1.2B Plan to Buy Crypto Custody Firm BitGo
Galaxy Digital, the cryptocurrency-focused financial services firm run by noted investor Michael Novogratz, is walking away from its plan to buy BitGo, saying the crypto custody specialist failed to provide financial statements by a deadline of July 31. "The Hash" panel discusses the latest story turning heads in the crypto community.
DeFi Platform Acala’s Stablecoin Plunges After Hackers Exploit Bug
Polkadot-based decentralized finance (DeFi) platform Acala’s native stablecoin, aUSD, depegged on Sunday, plummeting 99% after hackers exploited a bug in a newly deployed liquidity pool to mint 1.28 billion tokens. "The Hash" team discusses the implications for the state of stablecoins, open finance, and regulation.
UST’s Do Kwon on Earlier Failed Stablecoin Basis Cash
“The Hash” hosts discuss Terraform Labs founder Do Kwon breaking his silence in a new NFTV series produced by Coinage. Kwon’s comments include confirming that he was the pseudonymous “Rick Sanchez” of the Basis Cash project, a story that CoinDesk reported on back in May.
Long-Term 'Bearish Sentiment' Ahead in Crypto, Says Umee CEO
Meme tokens shiba inu (SHIB) and dogecoin (DOGE) are in the spotlight as risk-on behavior returns to the crypto markets. Umee Founder and CEO Brent Xu discusses why he sees longer-term bearish sentiment toward the end of this year, despite the latest "temporary" bullish momentum, and what this means for the broader market.
Tornado Cash U.S. Ban Is 'Bad Precedent,' but Monero Was 'Made for This': Cake Wallet Exec
Crackdown concerns for crypto mixers are escalating following the U.S. Treasury blacklisting of Tornado Cash. Justin Ehrenhofer, VP of Operations at Cake Wallet, the first open-source wallet for privacy coin Monero, discusses Monero's role in the push for privacy and censorship resistance.
Regulation Outlook After Tornado Cash U.S. Ban
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest regulatory landscape following the U.S. Treasury department's sanction of crypto mixer Tornado Cash. Plus, the latest developments for regulating stablecoins following Terra's collapse.
Bitcoin Briefly Climbs Above $25K Before Retreating
Umee Founder and CEO Brent Xu discusses his outlook of the crypto markets as bitcoin (BTC) briefly tops $25,000 over the weekend for the first time since June. Plus, his insights on SHIB and DOGE amid improving risk-on investor sentiment.
Do Kwon Breaks His Silence on Terra Implosion
Terraform Labs founder Do Kwon finally breaks his silence after the $60B implosion of the Terra ecosystem that shook the crypto industry. Trustless Media co-founder Zack Guzman, who flew to Singapore to capture the exclusive for the new "NFTV" show Coinage, shares his insights about the interview, along with building a Web3 media company.