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Galaxy’s Novogratz Stays Optimistic on Crypto Adoption Even as Markets Languish
Galaxy Digital CEO Mike Novogratz spoke at a conference on Wednesday, noting the company is in a “really good position to build through this downturn.” "The Hash" discusses the billionaire investor's outlook and his thoughts on crypto adoption.
Solana Commits $100M to Support South Korean Crypto Projects
Solana will pump up to $100 million into South Korean crypto startups as it looks to penetrate a developer market still reeling from last month’s Terra ecosystem collapse. “The Hash” team discusses the investment and why Solana is courting South Korea’s crypto games development sector.
Crypto Market Volatility Has Affected User Adoption, Citi Says
In a new report, Citibank notes recent “volatility has affected user adoption.” “The Hash” discusses the latest price action, as cryptocurrencies are below their peak amid mounting concerns over stablecoins following the collapse of TerraUSD (UST).
Ethereum’s Ropsten Testnet Has Completed its Merge
The Ethereum blockchain’s first dress rehearsal for its upcoming merge was successfully completed Wednesday. “The Hash” discusses the long-awaited milestone in Ethereum’s journey toward a new proof-of-stake (PoS) consensus mechanism.
Musk Threatens to Terminate $44B Twitter Deal
Tesla CEO Elon Musk is threatening to terminate his $44 billion Twitter deal over a "clear material breach" of the social media company's obligations. "The Hash" discusses the latest obstacle for the acquisition.
Bored Ape Yacht Club Discord Server Hacked, $360K Worth of NFTs Stolen
The Bored Ape Yacht Club (BAYC) Discord server was hacked on Saturday, with the attacker stealing 200 ETH ($360,000) worth of NFTs. “The Hash” discusses the outlook for Discord after BAYC co-founder tweeted the social platform “isn’t working for Web 3 communities.”
‘Move-to-Earn’ App Stepn Suffers Cyber Attack After Upgrade
Stepn, a “move-to-earn” application on the Solana blockchain that rewards users in crypto from walking or jogging, suffered multiple distributed denial of service (DDOS) attacks following a recent upgrade. “The Hash” panel discusses the significance after users were recommended to “get some rest.”
Elon Musk Has ‘Super Bad Feeling’ About Economy: Report
According to Reuters, Tesla CEO Elon Musk is looking to cut 10% of the electric automaker’s workforce and is sounding the alarm about the state of the U.S. economy. “The Hash” panel discusses his comments as more crypto firms are slashing jobs.
Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin
Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.
SEC Blasted Online Over Crypto, Meme Stocks Campaign
The U.S. Securities and Exchange Commission (SEC) is out with a new campaign that aims to educate retail investors about trading crypto and meme stocks. "The Hash" panel discusses why the video clips are sparking outrage on social media.