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Silvergate Shares Plunge Amid $8B in Withdrawals, Job Cuts
Shares of crypto bank Silvergate Capital (SI) plunged after announcing it has cut 40% of its staff, or about 200 employees. This comes after the bank was forced to sell assets at a steep loss to cover some $8.1 billion in withdrawals. "The Hash" panel discusses the latest fallout of crypto winter.
Three Arrows Capital Founders Subpoenaed on Twitter
Zhu Su and Kyle Davies, founders of bankrupt crypto hedge fund 3AC, have been subpoenaed on Twitter. "The Hash" panel weighs in.
Fanatics Reportedly Sells 60% Stake in Candy Digital to Galaxy Digital-Led Group
Sports apparel and memorabilia firm Fanatics is selling its 60% stake in sports-focused NFT company Candy Digital to a group led by Galaxy Digital, according to CNBC. "The Hash" panel discusses the latest blow to the digital collectibles industry amid a continued market downturn.
Hackers Steal High-Value NFTs From Prominent Web3 Builders
Web3 builder CloneX COO Nikhil Gopalani and prominent non-fungible token (NFT) collector CryptoNovo lost dozens of NFTs likely worth hundreds of thousands of dollars to scammers over the past few days after their crypto wallets were compromised. "The Hash" panel discusses the details and how to protect against NFT scams.
TON Foundation Launches Data Storage Ecosystem Ton Storage
Telegram-linked TON Foundation, the stewards of the TON network, has unveiled a data storage ecosystem called TON Storage that aims to enable users to exchange files of any size while providing financial incentives to node operators for hosting files. "The Hash" panel discusses the industry implications for TON foundation entering the crypto storage market.
Potential Outcomes to McCarthy’s Speakership Bid
Blockchain Association Director Of Government Relations Ron Hammond discusses the potential candidates for the speakership as Kevin McCarthy fails to win majority support in multiple ballots. Plus, details on why McCarthy has been pro-crypto.
Why CES Could Be Good for Crypto Education
CoinDesk Chief of Staff for Content Pete Pachal discusses the skepticism around cryptocurrency and how CES provides opportunities for further education on crypto and decentralized technologies.
Crypto Market Very Top-Down Oriented Right Now: Analyst
Fairlead Strategies Founder and Managing Partner Katie Stockton dives into the weekly XRP chart and explains why the market is very top-down oriented at the moment. Plus, her predictions on the initial support level for bitcoin (BTC) at $15,600.
India’s Crypto Outlook
WazirX executive warns last year’s troubles may spillover into 2023. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Celsius Owns Users' Interest-Bearing Crypto Accounts, Judge Rules
A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.