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Helium Crypto Mining Rigs Face Supply Chain Issues Due to Rapid Growth

Decentralized telecommunications protocol Helium Network is at the center of a class-action lawsuit involving one of its hardware distributors because those who opted to mine for the network are not receiving the rigs they ordered.

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RPT: Crypto Wallet MetaMask Suspends Venezuela Operations Due to Compliance Issues

Reports are circulating on the internet claiming the MetaMask wallet has started blacklisting certain Venezuelan addresses, citing compliance issues with regulatory frameworks. “The Hash” discusses the state of decentralized technologies as government entities become increasingly aware of their activity while relating this story to broader concerns about the openness of the Ethereum network. 

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Ukraine Government Cancels Crypto Airdrop, Plans for NFTs Instead

The Ukrainian government announced it's canceling the pre-planned crypto airdrop for donors. Instead, it will issue NFTs to support the Ukrainian armed forces, but emphasized there are no plans to issue any fungible tokens. “The Hash” discusses the role decentralized technology has played in the Russia-Ukraine conflict. Co-host Zach Seward emphasizes the humanitarian crisis at hand, underscoring that “this war is not a crypto story.”

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The Growing Trend of NFT Social Clubs

“The Hash” discusses the growing trend of exclusive crypto social clubs that require NFT ownership for entry, looking specifically at the “Friends With Benefits” and Maxwell Tribeca clubs. With these new use cases for non-fungible tokens (NFT) as “keys,” the co-hosts explore this phenomenon of crypto projects becoming community experiences.

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Bank of America: No Crypto Winter Given User Adoption, Developer Activity

Recent analysis from Bank of America indicated that amid increasing concerns of inflation and growing user adoption in the cryptocurrency space, a “crypto winter” is not likely to take place. “The Hash” discusses this thesis, looking at institutional adoption, the magnification of the NFT marketplace, and the use cases for crypto as seen in El Salvador, Canada, and now Ukraine. 

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Ukraine Confirms Airdrop for Crypto Donations

After receiving over $33 million in crypto donations amid the Russian invasion, Ukraine has confirmed an airdrop for those who contributed to its official crypto wallets. “The Hash” team discusses this nuanced phenomenon of nonstate currency being used by a country during warfare and how networks like Polkadot and Avalanche can get involved. 

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Airbnb Looking Into Crypto For Payments, Offering Free Housing for Ukrainian Refugees

As Ukrainians flee the country amid Russian aggression, Airbnb has announced that they will provide free housing for up to 100,000 Ukrainian refugees. Separately, Airbnb CEO Brian Chesky says he has "a team looking into that“ when it comes to crypto payment support on the platform. "The Hash" team discusses the implications of Chesky's comments.

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Fed Chair Jerome Powell Sees Rate Hike This Month Despite Ukraine War

Federal Reserve Chair Jerome Powell says he is “inclined to propose and support a 25-basis-point rate hike" in March. In addition, Powell stated that “war underscores need” for crypto regulation as the Russia-Ukraine conflict unfolds. "The Hash" team reacts to Powell's comments.

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VC Firm Electric Capital Raises $1B for 2 New Funds Targeting Tokens and Equity Stakes

On Tuesday, Crypto venture capital firm Electric Capital announced that it raised $1 billion to create two new funds: a $400 million venture fund and a $600 million token fund. “The Hash” explains how Electric Capital’s approach, which focuses on token allocation directed toward the community, differs from others in the space. 

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Visa and Mastercard Block Russian Banks Following Global Sanctions

As Russia continues its invasion into Ukraine, Visa and Mastercard have blocked several Russian banking services, restricting transactions for many everyday people in Russia. “The Hash” discusses the weaponization of financial institutions, drawing attention to cryptocurrency’s independence from centralized entities.

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