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Crypto Lender Nexo Faces Declining Deposits
An analysis of Nexo's attestations reveals just how much its deposits have declined in recent months. The crypto lender may have suffered from withdrawals similar to those that led to troubles at its rivals. "The Hash" team discusses where Nexo fits into the wider crypto lending landscape and its yield crisis.
Dapper Labs, Animoca Brands and Other Web3 Platforms Launch Open Metaverse Alliance
Animoca Brands, Dapper Labs, Decentraland, and other Web3 platforms are forming the Open Metaverse Alliance for Web3 (OMA3) to overcome the crypto industry's interoperability challenges. "The Hash" team discusses the timing in the evolution of the metaverse and the potential outcomes.
Bitcoin Non-Profit ₿trust Launches Africa Open Source Cohort; Names First Developer
Jay-Z and Jack Dorsey-funded Bitcoin non-profit ₿trust has picked Vladimir Fomene as its first developer who will contribute to the Bitcoin Development Kit and the Swahili Wordlist. "The Hash" panel discusses what this means for the future of decentralized bitcoin development and crypto in Africa.
Ex-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges
The U.S. Department of Justice (DOJ) charged former Coinbase (COIN) product manager Ishan Wahi and two other men on allegations of wire fraud and insider trading. “The Hash” panel discusses the specifics and implications of the crypto industry’s first alleged insider trading case.
Minecraft Bans NFTs, Sending One In-Game Builder’s Token Spiraling
Microsoft-owned video game Minecraft banned NFTs from its game to ensure a “safe and inclusive experience” for the players. “The Hash” panel discusses the latest in the ongoing battle between the traditional gaming world and Web3.
Tesla Sold $936M Worth of Bitcoin in Q2, but Kept Dogecoin
Electric car maker Tesla sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter to maximize its cash position, CEO Elon Musk said. He added that “we were concerned about overall liquidity for the company, given COVID shutdowns in China. And we have not sold any of our dogecoin.”
What Rising Inflation Means For Crypto
The difference between inflation and the federal funds rate is larger than at any point in history, says Pantera Capital CEO Dan Morehead. “The Hash” panel breaks down what this means, discussing the impact of inflation on crypto and the wider economy.
Report: Prosecutors Raided 7 Korean Exchanges Amid Terra Probe
Seven crypto exchanges in South Korea have reportedly been raided by prosecutors probing a fraud case in connection with the collapse of algorithmic stablecoin terraUSD (UST) and LUNA. “The Hash” hosts discuss the latest in the Terra turmoil.
This AI-Based Startup Can Authenticate Your NFTs
Optic, a startup that uses artificial intelligence (AI) to authenticate non-fungible tokens (NFTs), raised $11 million in a seed round. With the fresh funding it plans to create a public API for Web3 developers and new tools for NFT creators and collectors. “The Hash” team discusses the worlds of NFTs and AI merging together.
U.S. Crypto Regulation Outlook Amid Brewing Turf War
A new bipartisan bill transforming crypto oversight may go to a preliminary vote by the end of 2022. This comes as the CFTC and SEC are competing for the top spot of crypto regulation. "The Hash" panel discusses the potential outcomes and the future of crypto regulation.