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Novogratz’s Galaxy Digital Reports $554.7M Net Loss in Q2
Galaxy Digital reported a second-quarter net loss of $554.7 million, which was more than triple the loss from the same period last year. The firm said that the larger loss mainly stemmed from the market downturn and investments in Galaxy’s trading business. “The Hash” panel discusses the turbulent market and an outlook into Galaxy’s future.
UAE Cracks Down on Crypto Real Estate Money Laundering
The government of the United Arab Emirates (UAE) stated on Monday that real estate agents will have to alert money laundering authorities of any property sales paid for in crypto. “The Hash” panel discusses what this means for crypto adoption and regulation in the UAE.
Avalanche and Stellar Lumens’ Tokens Spike After Robinhood Listing
Robinhood’s new addition of Avalanche’s AVAX and Steller Lumen’s XLM on Monday pumped both tokens’ prices. “The Hash” panel discusses what this means for Robinhood after the company's crypto division was fined $30 million by the New York State Department of Financial Services.
Americans Banned From Using Crypto-Mixing Service Tornado Cash
The U.S. Treasury Department banned all Americans from using decentralized crypto mixing service Tornado Cash on Monday. The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds. “The Hash” panel discusses what this means for online privacy in the crypto space.
Indian Government Probes Crypto Exchange WazirX Over Alleged Money Laundering, Freezes $8.14M
India’s Enforcement Directorate (ED) has raided properties related to Sameer Mhatre, a director of Mumbai-based trading platform WazirX. The government has frozen $8.14 million in funds, over alleged money laundering. “The Hash” panel discusses the investigation and its regulatory implications for India and beyond.
Circle Invested in 2 Hacked Crypto Companies
CoinDesk’s Brandy Betz revealed Nomad and Slope, which were both victims of multimillion dollar exploits this week, are backed by Circle’s venture capital arm. “The Hash” hosts discuss the fate of the USDC stablecoin-issuer amid increased regulatory scrutiny.
Meta Rolls Out NFT Feature Across 100 Countries After Coinbase Integration
Social media giant Meta (META) has started to roll out non-fungible tokens (NFT) across 100 countries after integrating with Coinbase (COIN) Wallet and Dapper. FLOW tokens rallied on the news. “The Hash” team discusses the latest in Meta’s blockchain ambitions.
Web3 Vacation Platform Dtravel Completes First Smart-Contract Rental Booking
Web3 vacation and short-term rental platform Dtravel has completed its first successful smart-contract booking. "The Hash" panel discusses the outlook for decentralized home sharing and the travel industry at large.
What to Expect From Ethereum's Merge Event
Ethereum’s long-awaited transition from a proof-of-work to proof-of-stake consensus system is near, but current ether miners will be left with much less useful hardware after the merge, CoinDesk's David Morris said. "The Hash" team discusses the forthcoming transition and what it means for miners, the Ethereum community and wider crypto ecosystem.
Robinhood CEO Slams FTX M&A Chatter
Vlad Tenev, Robinhood Markets (HOOD) chief executive officer, tried to shut down speculation Wednesday that crypto giant FTX is taking over his firm, saying there's $6 billion in cash for the brokerage to explore potential acquisitions. This comes as Robinhood laid off 23% of its workforce. "The Hash" hosts weigh in.