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Crypto's Reported Staff Cuts at BitMEX, Digital Currency Group, Galaxy Digital
Crypto venture capital company Digital Currency Group (DCG), the parent company of CoinDesk, has promoted Chief Operating Officer Mark Murphy to president amid a restructuring in which some 13% of its staff departed, according to Bloomberg. This comes amid news of other staff cuts at BitMEX and Galaxy Digital. "The Hash" panel discusses the latest hurdles for companies amid crypto winter.
Elon Musk Wants to Charge Twitter Users $8 a Month for Verification
Elon Musk wants Twitter users to pay a monthly fee to keep their blue verified checkmark. The billionaire tweeted in part, "Power to the people! Blue for $8/month." "The Hash" hosts discuss how Ethereum co-founder Vitalik Buterin and Binance's CZ are responding to the planned changes and the role crypto could play in Twitter's future.
Deribit Exec on $28M Hack: Only 1% of Our Assets Are in Hot Wallets
Hackers have drained $28 million from cryptocurrency options and futures exchange Deribit's hot wallet. Chief Commercial Officer Luuk Strijers unpacks what happened. "We keep 99% of our user funds in cold storage to limit the impact of these type of events."
Deribit Exec Addresses the Flurry of Recent Exploits in Crypto Industry
"It seems to almost be the cost of doing business nowadays," says Deribit's chief commercial officer following a $28 million hot wallet hack on its platform. He discusses the growing problem of hacks in the crypto space.
Singapore Regulator Grants Licenses to Stablecoin Issuers Circle and Paxos
The Monetary Authority of Singapore (MAS) has granted stablecoin issuer Circle an in-principle license that allows it to operate as a payments company in the country. Circle received its approval the same day fellow stablecoin issuer Paxos received its own license. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the significance for the regulatory framework in Singapore.
Dogecoin and Meme Tokens Are in Season in India
Dogecoin has been on the rise since Elon Musk's official takeover of Twitter. "DOGE is still probably the top traded crypto in India right now," says WazirX co-founder Nischal Shetty. He discusses the growing trend of meme tokens in India.
$40M in Insurance 'Will Not Be Touched' to Recover Lost Funds in Hot Wallet Hack: Deribit Exec
A hacker drained $28 million from Deribit's hot wallet. Deribit Chief Commercial Officer Luuk Strijers shares insights into Deribit's reserves and how the cryptocurrency options and futures exchange plans to cover the losses.
WazirX Exec on Future of Crypto Regulation in India
WazirX and Shardeum co-founder Nischal Shetty discusses the current state of crypto in India and why framing global crypto regulation is a priority as the nation prepares to take over the G-20 group presidency next month.
Blockchain Startup Shardeum Raises $18M in Seed Funding
Shardeum, a layer 1 blockchain co-founded by WazirX co-founder Nischal Shetty, has raised $18.2 million in a seed funding round from more than 50 investors. Nischal Shetty joins "First Mover" to discuss the details and whether they are in competition with the BNB Chain.
The Future of Exchanges
Is convergence between crypto and traditional stock exchanges ahead? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."