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Is China’s Crypto Crackdown an Opportunity for DeFi?

A price surge for the native tokens of leading decentralized finance (DeFi) protocols came as no surprise after China tightened its crackdown on crypto trading because DeFi trading platforms are, in theory, resistant to censorship. Still, ​some insiders doubt the price rally will last.

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Cross-Chain Wallet XDEFI Raises $6M to Take on MetaMask, Phantom

Following a $6 million funding round from leading blockchain VC firms and DeFi power users, XDEFI, a wallet that will allow users to interact with nine different blockchains, is looking to challenge incumbent MetaMask’s reign and newer upstarts like Phantom.

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Revolut Reportedly Ready to Launch Its Own Crypto Token

Revolut, a fintech company with a $33 billion valuation that offers cryptocurrency buying as part of its services, is looking to launch its own cryptographic token, with the timing subject to approval from U.K. regulators. “The Hash” squad discusses the industry implications for the latest potential exchange token jumping into the land of fintech.

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Coinbase to Enable Direct Paycheck Deposits in Crypto

Crypto exchange Coinbase will enable direct paycheck deposits, allowing its U.S. customers to put all or part of their paychecks in crypto or dollars without a fee. “The Hash” panel discusses the technical workings and tax implications for Coinbase’s latest efforts to build a one-stop shop for crypto-based financial services.

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Chinese Ethereum Mining Pool BeePool to Shut Down Following Crypto Ban

"The Hash" team discusses the latest blow to the mining community, suggesting the outlook for global mining operations. China-based BeePool, the world's fourth-largest Ethereum mining pool by processing power, or hashrate, which halted registrations for new users and new subsidiary accounts for existing users, will suspend all services to miners beginning Oct. 15 at 15:59 UTC (11:59 a.m. ET). This follows SparkPool, another top Chinese Ethereum mining pool, suspending operations.

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US Senators Propose Legislation to Track Crypto Mining and Use Cases Worldwide

"The Hash" hosts discuss their reactions and key takeaways from U.S. Senators Maggie Hassan (D-N.H.) and Joni Ernst (R-Iowa) proposing new legislation that would require the Treasury Department and other agencies to track crypto mining and use cases worldwide. The U.S. "must get a better handle" on how cryptocurrencies are used globally, Sen. Hassan said. Is this just another means to further control the money supply?

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El Salvador Pres. Nayib Bukele: Almost a Third of Salvadorans Are Using the Bitcoin Wallet

Almost a third of Salvadorans, or roughly 2.1 million people, are actively using the El Salvador government-run bitcoin wallet Chivo less than a month after the country adopted the cryptocurrency as legal tender, President Nayib Bukele said in a tweet. "The Hash" team discusses the latest on the state of crypto affairs and bitcoin adoption in El Salvador.

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'Stripe for NFTs?' Immutable X Token Sale Raises Over $12.5M in Under an Hour

Ethereum scaling product Immutable X's token sale on CoinList sold out in less than an hour, raising over $12.5 million. The protocol is poised to integrate with several NFT marketplaces, including Mintable and OpenSea, saying it aims for the IMX token to be Ethereum's "Stripe for NFTs," offering gas-free NFT minting and trading. "The Hash" squad discusses the specifics, reactions, and implications of the token sale in the larger NFT ecosystem.

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Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Virgil Griffith, the Ethereum developer charged with violating U.S. sanctions law by giving a crypto and blockchain presentation at a North Korean conference in 2019, has pleaded guilty to one charge of conspiracy and could serve up to 78 months in prison.

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Chinese Ethereum Mining Pool SparkPool to Halt All Services Due to Crackdown

The world’s second-largest Ethereum mining pool, SparkPool, which initially stopped providing services to new Chinese users, has now expanded its suspension to all users by Sept. 30 following China's tightened crackdown on cryptocurrencies. "The Hash" panel discusses the outlook for mining operations in China and the wider repercussions of the country's most comprehensive crypto ban to date.

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