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Lebanon’s Banks Remain Shut Down Following Robberies by Angry Depositors
Banks in Lebanon will remain closed ‘indefinitely’ after desperate depositors stormed the banks for their savings. “The Hash” panel discusses how crypto could serve as an alternative to the traditional banking system.
Coinbase Reportedly Completed Transaction of $100M to Test Proprietary Trading
Cryptocurrency exchange Coinbase (COIN) completed a $100 million transaction as a test of its proprietary trading efforts earlier this year, according to a Wall Street Journal report. "The Hash" panel discusses what proprietary trading means for crypto exchanges, along with Coinbase's response to the report.
JPMorgan Chase CEO Calls Crypto Tokens ‘Decentralized Ponzi Schemes'
JPMorgan Chase CEO Jamie Dimon said in congressional testimony that crypto tokens like bitcoin are "decentralized Ponzi schemes.” "The Hash" panel discusses his skepticism toward cryptocurrencies and comments on stablecoins.
High Quality Companies Are the Ones Getting the Attention During This Crypto Winter: Magna CEO
Magna co-founder and CEO Bruno Faviero discusses the company’s latest $15 million seed round in a crypto winter. “High quality companies … with real business models with real revenue models, I think are the ones that are getting a lot of attention right now,” he says.
Nova Labs CEO: At This Point We Wouldn't Consider Algorand, the Vote Is Over
Nova Labs CEO Amir Haleem says the Helium Network won't consider Algorand as layer 1 at this point because "the votes are already passed." He added that "the desire to look at other L1 blockchains was telegraphed months and months ago." He explains the community's decision move to the Solana blockchain.
Helium Ditches Own Blockchain in Favor of Solana After Community Vote
Community members of crypto-powered wireless network Helium overwhelmingly voted to ditch its blockchain and migrate to Solana. Helium also announced that subscribers will get U.S. nationwide 5G coverage through a new five-year agreement with cellular giant T-Mobile.
Future of CBDCs and Stablecoins
How will CBDCs and stablecoins shape Asia’s digital finance? Answers to this question and other news shaping the cryptocurrency world in this episode of “The Daily Forkast.”
Why Indonesia Is Bullish About Crypto Adoption
The Indonesian government is pushing for locally issued crypto tokens to one day join palm oil or coal among the country's major export commodities. CoinDesk’s Emily Parker discusses the current state of crypto adoption in Indonesia.
Republican Lawmakers File Amicus Brief to Back Custodia Bank in Legal Battle With the Fed
Seven U.S. Republican lawmakers, including Sen. Cynthia Lummis (R-Wyo.), have submitted an amicus brief in support of Custodia Bank in its ongoing legal battle to get a master account at the Federal Reserve. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Outlook for Crypto Market Sectors After Fed’s Hawkish Rate Hike, Inflation Data
Bitcoin (BTC) flirts around $19,000 as the Federal Reserve announced the latest 75-basis-point interest rate hike while ether (ETH) price continues to drop since the Merge. CoinDesk Indices Managing Director Jodie Gunzberg discusses her market outlook and why today’s economic conditions are particularly difficult for crypto assets.