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Venezuela Citizens Reportedly Using Gold Flakes to Pay for Goods and Services As Economic Crisis Deepens
In certain areas of Venezuela, some citizens are reportedly using flakes of gold as a means of buying goods and services amid the country facing hyperinflation. "The Hash" squad discusses the potential use cases of gold and crypto as the Venezuelan bolívar currency weakens in an ongoing economic meltdown.
Worldcoin, Now Valued at $1B, Has Grand Plans to Get You to Gaze Into the Orb
Former Y Combinator President Sam Altman’s Worldcoin has raised $25 million from investors including Andreessen Horowitz (a16z) and Coinbase Ventures. Valued at $1 billion, the project bets billions of people will line up to gaze into “The Orb” in exchange for crypto, which over 130,000 users already have.
Crypto OG Amir Taaki Announces DeFi Platform 'DarkFi' That Prioritizes Privacy
Amir Taaki, an early bitcoin developer and inventor of Dark Wallet, has announced a new DeFi project called "DarkFi" that prioritizes privacy. "The Hash" hosts discuss the outlook for the "democratic economic experiment" and the possible implications for user protection.
FTX Raises Over $420M in Series B-1 Funding Round
Following a $900 million mega-round earlier this year, Sam Bankman-Fried’s crypto exchange FTX has raised $420,690,000 in a Series B-1 funding round, valuing the firm at $25 billion. Sixty-nine investors, including BlackRock and Tiger Global, joined the fast-growing crypto conglomerate.
Houston Firefighters Pension Fund Becomes First US Pension Fund to Invest in Bitcoin, Ether
A pension fund for firefighters in Houston has made a purchase in bitcoin and ether facilitated by bitcoin investment firm NYDIG. The Houston Firefighters’ Relief and Retirement Fund’s (HFRRF) purchase marks the first time a public pension plan in the U.S. has announced an investment in digital assets.
Bitcoin Hits New All-Time High Above $66K
Bitcoin, the world’s largest cryptocurrency by market capitalization, has hit a new all-time high above $66,000, marking a full recovery from a months-long slump and extending the year’s gains to nearly 130%. “The Hash” panel discusses the events that could have brought BTC to this historic moment and their personal bitcoin journey.
US Lawmakers Push Back on Facebook’s Novi Wallet Launch
A group of U.S. lawmakers have ordered Facebook CEO Mark Zuckerberg to “immediately discontinue the company’s pilot of Novi” and end its work on the Diem stablecoin project, saying the social media giant cannot be trusted to launch a digital currency. "The Hash" team discusses Facebook's latest regulatory hurdle.
Coinbase and NBA Sign Partnership Deal
Crypto exchange Coinbase and the National Basketball Association (NBA) are teaming up on a multiyear partnership. The deal extends to the Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League and USA Basketball.
UK Regulator Launches Campaign on TikTok, YouTube Warning Investors of Crypto Risks
The U.K. Financial Conduct Authority is launching a TikTok and YouTube campaign warning young investors of cryptocurrencies, saying it has found a huge understanding gap when it comes to investing in high-risk areas such as crypto and foreign exchange trading. "The Hash" hosts discuss the pros and cons of this campaign.