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Louis Vuitton Releases New NFTs, Continues Blockchain Gaming Experiment
Luxury brand Louis Vuitton is adding a new collection of non-fungible tokens (NFTs) to its Louis the Game app in the form of in-game rewards. “The Hash” group discusses efforts made by legacy brands to explore Web 3 and capture new audiences while noting the accelerated growth of blockchain gaming through play-to-earn models.
Attacker Drains $182M From Beanstalk Stablecoin Protocol
Ethereum-based stablecoin protocol Beanstalk Farms was exploited for $182 million in a flash-loan attack over the weekend, making this the second nine-figure decentralized finance (DeFi) attack in a month.
North Korea’s ‘Lazarus’ Hackers Allegedly Behind Ronin Network Exploit
The U.S. Treasury Department alleged that North Korean state-linked hacking group “Lazarus” is tied to last month’s over $600 million theft from Axie Infinity’s Ronin bridge. “The Hash” group discusses efforts made by the Office of Foreign Assets Control (OFAC) to sanction associated wallets and the use of decentralized mixers like Tornado Cash for laundering ill-gotten funds.
Solana NFTs Added to Rarible Following OpenSea Debut
Solana NFT offerings have just been added to Rarible Protocol shortly after their debut on the OpenSea marketplace. “The Hash” group discusses the multichain reality of the NFT space and why other platforms are trying to chip away at Magic Eden’s market share.
Why ‘Jack Dorsey’s First Tweet’ NFT Ended With a Top Bid of Only $280
Crypto entrepreneur Sina Estavi bought Twitter Founder Jack Dorsey’s first-ever tweet as an NFT for $2.9 million last year. That NFT was listed for sale again at $48 million last week only to reached a top bid of only $280. “The Hash” group discusses why the asset received such low valuations, citing Estavi’s history as an ICO scammer and the inherent values of different types of NFTs.
What’s Elon Musk’s Plan for Twitter?
Tech billionaire Elon Musk has offered to buy social media company Twitter (TWTR) for about $41.3 billion in cash, following his decision against taking a board seat. “The Hash” group discusses Musk’s motives behind this move, his threat to offload current shares in the company, and Justin Sun’s counter-response.
Amazon Isn’t Interested in Crypto Payments, Exploring NFTs Instead
Amazon CEO Andy Jassy recently stated that the e-commerce giant does not have plans for cryptocurrency payment integration but is considering adding non-fungible tokens (NFTs) to its retail business. “The Hash” panel discusses the vitality of crypto for everyday payments, considering transactions fees and price fluctuations while noting the possible use cases for stablecoins.
Why Bitcoin’s 4-Year Halving Cycle Could Be Dead
Bitcoin’s current price action could indicate that its 4-year cycle based on the halving of coins produced might be a thing of the past, as the market has not entered its expected bear phase. “The Hash” hosts discuss the maturation of BTC’s market performance, noting increased institutional investment as a possible reason for the lack of volatility.
Fireblocks Partners with FIS to Bring DeFi to Capital Markets
Crypto custody firm Fireblocks announced a partnership with Fortune 500 technology provider FIS to provide banks and institutional investors access to decentralized finance (DeFi) applications and crypto trading venues. “The Hash” discusses FIS providing traditional finance with a gateway to DeFi and growing investor interest in wallet technology.
Why an Argentinian Town Is Investing in Crypto Mining
The Argentinian town of Sorradino is preparing to buy a mining rig with Mayor Juan Pio Drovetta explaining that this is a community-supported initiative, and profits will be allocated to upgrade rail infrastructure. “The Hash” group discusses the global economic impact of inflation and how communities are finding alternative ways to raise needed funds.