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XRP Rises as Ripple Announces $200M Share Buyback
Blockchain payments company Ripple has announced it bought back $200 million worth of its Series C shares initially issued in December 2019, bringing the firm's total valuation to $15 billion. The native XRP cryptocurrency climbed 3.8% on the news Wednesday morning. "The Hash" discusses the latest in the world of Ripple amid an ongoing regulatory battle with the SEC.
Meta-Led Diem Now Considering Sale of Assets Amid Increasing Regulatory Pressure
The Diem Association, the Meta Platforms (formerly Facebook)-led group seeking to create a stablecoin, is allegedly considering selling the project's assets to return money to investors. This comes as regulatory pressures have stalled Diem since its conception in 2019. "The Hash" group reflects on Diem and the regulatory lessons to be learned.
Russia’s Finance Ministry Opposes Central Bank Call for Crypto Ban
Russia needs to regulate cryptocurrencies, not ban them, says the head of the financial policy department at Russia’s Ministry of Finance, Ivan Chebeskov. This comes as the Bank of Russia issued a report earlier this month calling for all crypto trading and mining to be made illegal in the country.
Kazakh Crypto Miners Cut Off From Electricity Supply Until End of January
Kazakhstan crypto miners will cut their energy supply from Jan. 24 until the end of the month. A major transmission line has also been disconnected, worsening the energy problem in the country, which was once home to about one-fifth of the world's bitcoin mining at the end of August 2021. "The Hash" group reacts, discussing what this means for the global mining industry.
YouTube Exploring Web 3, NFTs for Content Creators
YouTube is considering expanding its ecosystem to help video creators capitalize on emerging technologies, such as Web 3 and NFTs, according to a new letter published Tuesday by CEO Susan Wojcicki. "The Hash" panel discusses the latest tech giant moving to NFTs amid a sour mood in the digital asset space.
Syndicate Launching Web 3 Investment Clubs to Turn DAOs Into LLCs
Syndicate Protocol, a decentralized investment platform tapping into the power of social networks, announced Tuesday the beta launch of its first crypto-native investing tool: Web 3 Investment Clubs. "The Hash" hosts discuss the latest development, potentially moving the thread for decentralized autonomous organizations (DAOs) to go mainstream.
What’s Behind the Crypto Market Crash?
BTC has fallen to $33,600, its lowest level since July 24, declining 27% in January that has wiped off $1.3 trillion in the crypto market’s total value since last November. “The Hash” panel discusses the potential factors driving bitcoin prices and the broader crypto market lower and where it could head next.
WikiLeaks Founder Julian Assange Can Appeal Extradition to US, Says London Court
Julian Assange, the founder of WikiLeaks, has been approved the right to request the U.K. Supreme court to block his extradition to the U.S., where he would face criminal charges under the Espionage Act for his role in obtaining and publishing classified government documents.
El Salvador President Nayib Bukele’s McDonald Uniform for Twitter Profile Is All the Rage
El Salvador President Nayib Bukele announced Friday the nation bought 410 additional BTC for $15 million, totaling over 1,500 BTC. Bukele has since changed his Twitter icon to a McDonald’s employee after bitcoin shed 20% in the past week, referencing a meme of HODLers in their future career prospects when BTC crashes.
Say Yes to the Meta-Dress!
"The Hash" team discusses the reactions and implications for a New York Times article suggesting fashion in the metaverse could be both "emotionally liberating" yet "very messy." What does it mean to be dressing for a virtual world, and what could go wrong?