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Three Arrows' Founders Subpoenaed in US Bankruptcy Case; Guiding Mainstream Brands Into the World of Web3
A New York bankruptcy judge has agreed to issue subpoenas against the founders of Three Arrows Capital as liquidators seek to wind down the collapsed crypto fund. Plus, Vayner3 President Avery Akkineni joins "The Hash" to discuss how she is onboarding mainstream companies into Web3 and why much of corporate America still has a crypto appetite.
ConsenSys to Update MetaMask Crypto Wallet in Response to Privacy Backlash; Bitcoin Mining Outlook
ConsenSys, the company behind the MetaMask crypto wallet, will release a series of updates to the platform in response to user backlash regarding its data-collection practices. Plus, Gridless, a bitcoin mining company that helps generate new sources of energy in rural communities in East Africa, secures $2 million in a seed investment round led by bitcoin venture-capital firm Stillmark and payments company Block, a firm that is led by Twitter co-founder Jack Dorsey.
Stablecoin Issuer Circle Scratches Plan to Go Public; Reddit's Avatar Tokens Set Minting Record
"The Hash" group unpacks the top stories moving the crypto markets today, including Circle terminating its agreement with special-purpose acquisition company Concord Acquisition Corp., thereby stepping back from its plan to go public. Plus, Collectible Avatars, Reddit's set of art tokens based on the Polygon blockchain, set a minting record over the weekend, according to data from Dune Analytics.
DeFi Protocol Ankr to Reimburse Exploited Users; Meta Dips Back Into Policy Circles
"The Hash" hosts discuss the biggest stories of the day, including decentralized finance (DeFi) protocol Ankr saying it will reimburse the users impacted by the exploit that occurred on its platform earlier Friday. Plus, a closer look at how Facebook parent Meta is offering a gentle nudge to governments future metaverse policies.