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Binance Quickly Abandons Swastika-Like Twitter Emoji
Global crypto exchange Binance unveiled its new Twitter emoji on Wednesday, which was immediately criticized for its resemblance to the swastika image used by the Nazi party, leading to its removal. “The Hash” group discusses the importance of diversity in corporate structures and the crypto space.
Coinbase Reportedly in Talks to Acquire Turkish BtcTurk Exchange for $3.2B
Coinbase is reportedly in talks to acquire the Turkish BtcTurk exchange for $3.2 billion as part of its ongoing efforts to expand internationally. “The Hash” group discusses the role of cryptocurrency in Turkey as the national lira’s value declines, and Coinbase’s involvement with Monero.
Coinbase Launches Beta NFT Marketplace
Crypto exchange Coinbase has launched the beta version of its NFT marketplace. “The Hash” group discusses the platform’s expansion into other areas of crypto besides trading, the growth of the NFT space, and Coinbase’s plans for progressive decentralization.
MakerDAO Moves Toward Multi-Chain With StarkNet Bridge
Ethereum-based DeFi lending and stablecoin platform MakerDAO is bridging to an overall network called StarkNet as part of efforts to reduce transaction fees and gradually move toward a multi-chain future. “The Hash” group discusses the significant impact MakerDAO has had in the DeFi space and security concerns that might arise as projects like Maker undergo fast-paced development.
Teucrium BTC Futures Approval Leads to Optimism for US Spot Bitcoin ETF
Earlier this month, the U.S. Securities and Exchange Commission (SEC) approved a bitcoin futures ETF for Teucrium Futures Fund based on a different set of laws, giving investors hope about the possibility of an approved spot bitcoin ETF.
Robinhood Agrees to Acquire UK Crypto Platform Ziglu
Online brokerage platform Robinhood has agreed to acquire London-based crypto platform Ziglu, which is one of few firms to have a crucial U.K. Financial Conduct Authority (FCA) registration. “The Hash” group discusses Robinhood’s increasing presence as a crypto player and its ambitions to ease onboarding into the Web 3 economy.
Moonbirds NFTs Fly Into Top Spot on OpenSea
NFT project Moonbirds sold over $200 million during the first four days of its offering and is on pace for a record-setting trading volume.
LUNA Surges 17% as UST Becomes the Third Largest Stablecoin
TerraForm Lab’s UST has become the third-largest stablecoin, meanwhile there’s a 17% spike in the LUNA governance token’s price. “The Hash” group discusses the race to capture the stablecoin market, comments made by Tether’s Paolo Ardoino and the differences between asset-backed and algorithmic stablecoins.
What Are the Risks of Algorithmic Stablecoins?
Finance professionals are becoming increasingly skeptical of algorithmic stablecoins as they surge in popularity. “The Hash” group discusses the systemic risk of these unbacked assets, referencing failed projects like Iron Finance.
Algorand Plans to Black Out Times Square Ahead of Earth Day
The Algorand Foundation will darken New York City’s Times Square ahead of Earth Day, aiming to debunk myths about the carbon impact of blockchain technology and bring awareness to the environmental costs of Times Square billboards.