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Instagram’s Move into NFTs: What We Know About Mark Zuckerberg’s Test
Meta (FB) CEO Mark Zuckerberg said that Instagram will begin testing non-fungible token (NFT) integrations this week, with an initial focus on Ethereum-based assets. “The Hash” panel discusses Meta’s plans for augmented reality NFTs with their Spark AR software and potential clashes between Web 2 and Web 3 cultures.
US Officials Add North Korea-Link Bitcoin Mixer to Sanctions List
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned North Korea-linked crypto mixing service Blender.io as part of their ongoing efforts to freeze the flow of capital from the $620 million exploit of Axie Infinity Ronin Network.
Survey: 9 Out of 10 Central Banks are Exploring CBDCs
According to a survey conducted in 2021 by the Bank for International Settlements, nine out of ten central banks globally are exploring central bank digital currencies (CBDC), with more than half of them currently developing the asset or running concrete experiments.
$36M in Seized JUNO Tokens Moved to Wrong Wallet Due to Typo
After a community vote on the Cosmos-based blockchain Juno to recover millions of dollars worth of ill-gotten JUNO tokens from an investment whale, a coding typo sent the funds to the wrong address.
US Court Orders BitMEX Founders to Pay $30M for Illegal Trading
According to the Commodity Futures Trading Commission (CFTC), the three co-founders of BitMEX have been ordered to pay $30 million for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules. “The Hash” group discusses BitMEX’s role in the early stages of the crypto space and how newer exchanges like Coinbase and Binance have dealt with regulatory tensions.
Binance, Sequoia Back Elon Musk’s Twitter Takeover
According to an updated SEC filing, cryptocurrency exchange Binance committed $500 million and venture capital firm Sequoia Capital $800 million to help finance Elon Musk’s $44 billion takeover of social media platform Twitter (TWTR).
PayPal Deplatforms Independent News Outlets and the Case for Crypto
Veteran magazine journalist Matt Taibbi recently shed light on PayPal’s moves to deplatform alternative news publishers like Consortium News and MintPress in his article “PayPal’s IndyMedia Wipeout.”
Coinbase NFT Marketplace Opens to Public, but Who’s There?
Cryptocurrency exchange Coinbase launched this non-fungible token (NFT) marketplace, but only a few users seem to be active on the platform. “The Hash” group discusses the timing of this launch, broader trends on decreasing volumes across NFT marketplaces, and the dominance of OpenSea and Magic Eden in the NFT space.
Is Justin Sun's USDD Stablecoin a Copycat?
Crypto analysts took a stab at Tron Founder Justin Sun’s new algorithmic stablecoin decentralized USD (USDD), calling it a clone of Terra’s UST coin. "The Hash” group discusses Tron’s whitepaper being an alleged copy of Ethereum, the rapid growth of UST and signs of increasing algorithmic stablecoin adoption.
Marathon Digital ‘Cautiously Optimistic’ About Early 2023 Hashrate Guidance
Publicly traded crypto mining firm Marathon Digital (MARA) has released its Q1 earnings report, stating that the company is “cautiously optimistic” about meeting early 2023 hashrate guidance despite delays. “The Hash” group discusses the firm’s dip in bitcoin production and efforts made to tackle environmental concerns.