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Ex-Meta Coders Raising $200M to Bring Back Diem

In an initiative called Aptos, a group of former Meta coders familiar with the Diem (formerly Libra) stablecoin project are raising capital to bring the Diem blockchain back to life. “The Hash” discusses where Diem stands in the current blockchain ecosystem and potential venture capital interest.

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Crypto Market Plunges as Russia Invades Ukraine

The crypto market capitalization dropped to $1.5T following Russian attacks on several Ukrainian cities. “The Hash” discusses the financial implications of this geopolitical crisis while taking note of Russia’s cyber warfare capabilities and consequential sanctions. Plus, a look into the utility of cryptocurrencies during political unrest as ATMs in Ukraine are running out of cash while people flee the country. 

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Canadian Prime Minister Trudeau Revokes Emergencies Act Against Trucker Protests

As the "Freedom Convoy" protests in Canada dissipate, Canadian Prime Minister Justin Trudeau has revoked the Emergencies Act ending its freeze of bank accounts tied to the uprising. “The Hash” discusses this recent update, the importance of sovereign digital currencies and legislative parallels in the United States.

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Sotheby’s Withdraws Sale of 104 Cryptopunks

“The Hash” discusses a botched auction at Sotheby’s. A collection of 104 CryptoPunks expected to reach $30 million was withdrawn, due to a last-minute decision from the seller. The Sotheby’s lot “Punk It!” was sold to pseudonymous collector “0x650d” in July 2021, who tweeted “nvm, decided to hodl” earlier this week.

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Soulja Boy, Jake Paul, Lil Yachty, and Others Sued Over Alleged SafeMoon Crypto ‘Pump and Dump’ Scheme

Soulja Boy, Jake Paul and Lil Yachty are among several celebrities named in a class-action lawsuit, alleging that they were involved in a scheme to “pump and dump” SafeMoon tokens through sharing false information with their fan bases.

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JPMorgan Blockchain Chief Christine Moy Leaves for New Opportunity

Christine Moy who has headed JPMorgan's foray into blockchain, crypto and most recently the metaverse, announced her departure from the Wall Street bank, ending her LinkedIn post with the crypto meme “WGMI” ("we’re gonna make it”). “The Hash” speculates where Moy might be heading next and discusses the broader theme of talent transitioning from institutional player to crypto-native firms. 

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Morgan Stanley: Bitcoin Cannot Escape Sustainability Concerns

In a recent ESG (Environmental, Social and Governance) report, Morgan Stanley claimed that the bitcoin mining industry will face challenges to meet investors' sustainability criteria. “The Hash” dissects the investment bank's latest crypto missive.

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‘Frozen’ Bitcoin Tied to Canadian Trucker Protests Moved to Coinbase, Crypto.com

Bitcoin tied to the Canadian trucker uprising against COVID-19 restrictions has recently been moved from the original address to Coinbase and Crypto.com following a government effort to freeze said assets. “The Hash” discusses this latest update in the Canadian story and the utility of public blockchains for “following the money.”

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Canadian Authorities Warn Crypto Exchanges Against Promoting Self-Custodial Wallets

Coinbase CEO Brian Armstong and Kraken CEO Jesse Powell tweeted to the public about the difference between self-custody wallets and custody wallets. Shortly after, the Ontario Securities Commission file these tweets with the Canadian police because it believed the crypto executives were offering advice on how to evade the sanctions on funds. “The Hash” discusses how bitcoin’s initial ambition of being a currency independent of government oversight is manifesting itself in the Canadian trucker protests.

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A DAO Could Be the Next Owner of NFL Team Denver Broncos

Following in the footsteps of ConstitutionDAO, some crypto enthusiasts are forming a new decentralized autonomous organization (DAO) to purchase the Denver Broncos NFL team. “The Hash” team discuss the feasibility of this initiative and the trend they see in the space.

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