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Binance’s KYC Cost Exchange ‘Billions in Revenue,’ Says Compliance Officer
Three leading members of Binance’s compliance team opened up to Reuters about what it takes to deal with fraud, money laundering, terrorist financing and bad press for the world’s largest crypto exchange. “The Hash” team unpacks the report and what it reveals about Binance behind the scenes.
Miami Teaming Up With TIME, Mastercard and Salesforce to Launch 5,000 NFTs
Miami Mayor Francis Suarez is planning to launch 5,000 Ethereum NFTs in collaboration with TIME, Mastercard and Salesforce. The collection will be designed by 56 local artists, “representing the city’s 56 square mile area,” according to the city’s press release. “The Hash” panel discusses how the plan could expand Web3 adoption.
Biggie Smalls’ Estate Collaborates With OneOf to Release Music License NFTs
Non-fungible token (NFT) marketplace OneOf collaborates with Biggie Smalls’ estate on the blockchain, releasing its first NFT collection that allows holders to vote on licensing for one of the late rapper’s famed freestyles. “The Hash” panel discusses how tokenizing is sparking a revolution in music licensing.
Report: Lender Babel Finance Lost $280M Trading Customer Funds
Hong Kong crypto lender Babel Finance reportedly lost $280 million in proprietary trades with customer funds, according to The Block. Babel Finance suspended withdrawals in June amid the liquidity crisis and “The Hash” panel discusses the ongoing contagion and their outlook for crypto regulation.
Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Facebook parent company Meta posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, but CEO Mark Zuckerberg remains optimistic, noting the company is more focused on its long-term metaverse and Reels growth. "The Hash" panel discusses the tech giant's Q2 earnings report and an outlook into the future of metaverse.
Bitcoin Tops $23K as US Q2 GDP Contracted Again
Gross domestic product declined at an annualized pace of 0.9% in the second quarter, marking two consecutive quarters of economic contraction. “The Hash” panel discusses their outlook on the crypto markets amid recession concerns and rising inflation.
Is Crypto Overlooking an Investment Opportunity in Women’s Sports?
Fans of women’s sports have a relatively high knowledge of cryptocurrencies, yet fewer crypto companies invest in female athletes and teams. As part of CoinDesk's "Sports Week," "The Hash" panel discusses the potential reasons why women’s sports globally received less than $1 billion in sponsorships in 2020.
Law Commission of England and Wales Sees Crypto as a New Type of Property
The Law Commission of England and Wales wants to extend property rules to cover crypto and non-fungible tokens (NFTs). “The Hash” panel discusses what the proposal means for global crypto regulation and how this could protect investors against losses through hacks and system failures.
Unstoppable Domains Reaches Unicorn Status After Series A
Web3 digital identity service provider Unstoppable Domains lands $1 billion valuation after a $64 million Series A round led by Pantera Capital with contributions from Polygon, CoinDCX and CoinGecko. "The Hash" panel discusses the immense opportunities in tokenizing domain names and an outlook into the startup's future.