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PayPal Exploring Creating Its Own Stablecoin as Crypto Business Grows
PayPal is looking into launching its own stablecoin as the company grows its crypto business. Hidden code in its iPhone app shows a potential “PayPal Coin” would be backed by the U.S. dollar. “The Hash” panel discusses Paypal’s latest crypto efforts, potentially bringing mainstream blockchain awareness.

Binance.US Expansion in Solana Metaverse
Crypto exchange Binance.US is the latest blockchain firm building a space in Portals, a metaverse platform built on the Solana blockchain that recreates a dense urban environment where users can explore buildings and interactive rooms. “The Hash” hosts discuss the implications for Binance, the Solana network and virtual worlds.

Major Mining Pools’ Bitcoin Hashrate Nears Recovery as Kazakhstan’s Internet Partially Restored
The hashrate of major bitcoin mining pools neared recovery Monday. This comes days after computing power on the network fell following an internet blackout in Kazakhstan, the world’s second-largest bitcoin miner. “The Hash” team discusses the latest development in the bitcoin mining community and what it could speak to about the resiliency of bitcoin.

Pudgy Penguins NFT Project Ousts Founders as Mood Turns Icy
The beloved NFT project Pudgy Penguins voted out its founders Thursday after they allegedly failed to deliver on stated goals and drained the treasury of funds. Some argue the entire project should be decentralized, potentially an industry first. "The Hash" squad discusses the latest battle for control, raising governance questions surrounding NFT communities and what this means for the fate of Pudgy Penguins.

Civil Unrest Disrupts Bitcoin Mining in Kazakhstan
Intense protests in Kazakhstan over rising energy prices have led to a three-day-long internet shutdown, disturbing the global crypto mining industry as Chinese miners fled to the former Soviet state following the mining ban.

Norton Antivirus Criticized for Installing Crypto Mining Software on Computers
Last June, Norton launched a new feature called “Norton Crypto,” which enabled cryptocurrency mining on its LifeLock security software. Consumers are now concerned about energy consumption and difficulty disabling this function, while Norton claims it is opt-in. “The Hash” discusses Norton’s intentions with this feature as the software company will collect a 15% fee for all ETH mined and the broader issues of antivirus software.

Why GameStop Is Entering the NFT and Crypto Markets
In its continued effort to turn around the videogame retail chain, GameStop has announced its plans to launch a marketplace for NFTs while pursuing cryptocurrency partnerships.

How Rapper Nas Is Selling the Rights to His Songs 'Ultra Black' and 'Rare'
Rapper and tech investor Nas plans to sell the rights of two recent tracks through Royal, a crypto music startup he invested in late last year. Nas, who owns the masters to these songs, is selling tokens attached to the songs for holders to receive royalties down the line. "The Hash" co-host Jenn Sanasie asks whether artists who do not own their masters can participate. Plus, the panel discusses the potential regulatory implications. Can Nas "ether" the SEC?

Crypto Crime Hit an All-Time High of $14B, But That’s Only Half the Story
Crypto sleuthing firm Chainalysis found crypto crimes accounted for $14 billion worth of blockchain transactions in 2021, an all-time high, but “The Hash” co-host Zack Seward points out the other side of the coin: Crypto crimes only accounted for 0.15% of all blockchain transactions, an all-time low.

Bitcoin Fell Along With Global Equity Markets on Hawkish Fed Minutes
Crypto futures worth over $812 million were liquidated as bitcoin fell below $43,000 early Thursday morning, leading to a ripple effect in the altcoin markets. The sell-off comes after the global stock markets plummet as the U.S. Federal Reserve signaled hawkish interest rate moves during their December meeting. "The Hash" hosts explore the macro environment behind this sell-off and question whether bitcoin is losing its narrative as an inflation hedge.
