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Crypto Lender Hodlnaut Discloses Singapore Police Proceedings, Layoffs
After freezing users’ assets in early August, Hodlnaut disclosed massive layoffs and pending “police proceedings” in a blog post. “The Hash” team discusses the latest crypto company facing major hurdles amid the recent market downturn.
Facebook Parent Meta Mocked Online After New Horizon Worlds Rollout
Meta's launch of "Horizon Worlds" in Spain and France this week has been mocked online, after CEO Mark Zuckerberg shared his avatar from the platform that revealed graphics of a questionable quality. "The Hash" panel discusses the latest in Meta's virtual ambitions and whether it's paying off.
Tether Slashing Commercial Paper Holdings, New Auditor Confirms
BDO Italia has reaffirmed stablecoin issuer Tether’s consolidated reserves report that showed a 58% quarterly decline in commercial paper holdings to $8.5 billion as of June 30. “The Hash” hosts discuss the BDO report and what it suggests about Tether and the current state of stablecoins.
Crypto Stocks Retreat as Bitcoin Falls Below $22K
Cryptocurrency-related stocks dropped Friday as bitcoin lost momentum along with the broader set of risk assets on macroeconomic fears. “The Hash” panel discusses the recent turbulence and the potential factors that could drive BTC’s price lower.
Dapper Labs Launches NFL ALL DAY Platform After Beta Trial
Dapper Labs Inc is officially launching NFL ALL DAY, a new non-fungible token (NFT) platform featuring digital collectibles of NFL players and special video highlights. "The Hash" hosts discuss the latest in the world of sports, crypto, and NFTs.
US Tribal Nation-Linked Digital Economic Zone Publishes Draft Rules for DAOs
A digital economic zone backed by the Catawba Indian Nation in Rock Hill, South Carolina, wants to recognize decentralized autonomous organizations (DAO) as either unincorporated non-profit associations or limited liability companies, according to draft rules published Wednesday. "The Hash" team discusses the legal implications of structuring DAOs.
Coinbase Could Shut Down ETH Staking if Pressured by Regulators, CEO Says
Responding to a hypothetical scenario on Twitter, Coinbase CEO Brian Armstrong said if regulators threatened the crypto exchange to censor Ethereum (ETH) transactions, he would rather shut down its ETH staking service to preserve the integrity of the blockchain network. "The Hash" panel discusses what this means ahead of Ethereum's historic transition to a proof-of-stake (PoS) consensus.
Crypto Investment Firm CoinFund Launches $300M Venture Fund For Web3 Development
CoinFund, a crypto-specific investment firm, inaugurated a $300 million venture capital fund to back early-stage blockchain projects including layer 1 blockchains, Web3 infrastructure, non-fungible tokens (NFTs), gaming, and asset management. “The Hash” panel discusses the latest sign of investor confidence amid a sour mood in the markets.
Kraken CEO Condemns Tornado Cash US Sanctions
Jesse Powell, CEO of crypto exchange Kraken, has criticized the U.S. Treasury department's blacklisting of crypto mixer Tornado Cash, saying it's "unconstitutional." "The Hash" team digs into Powell's comments and the potential limits of outdated U.S. securities law.
Colombia Considers Introducing a CBDC to Reduce Tax Evasion
Colombia is considering the introduction of a central bank digital currency (CBDC) to facilitate transactions and reduce tax evasion. "The Hash" hosts discuss the privacy implications of CBDCs as the global race to digital money heats up.