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Billionaire John Paulson Calls Cryptocurrencies ‘Worthless’ But Says He Won’t Short Them

Billionaire hedge fund manager John Paulson remains strongly opposed to investing in cryptocurrencies, saying they will "eventually prove to be worthless." However, when asked why he doesn’t short cryptocurrencies, Paulson said prices are simply “too volatile” to short them effectively. "The Hash" panel discusses the potential strengths and weaknesses of Paulson's crypto markets assessment.

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Square's Jack Dorsey Plans to Build Decentralized Bitcoin Exchange

Payment giant Square plans to build a decentralized bitcoin exchange via its new division focused on creating an open developer platform, with more details TBD, said CEO Jack Dorsey. "The Hash" squad unpacks the industry implications for Dorsey's latest crypto project and the possible hurdles for rolling out such a protocol.

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China to Build Global Clearing Network for Mobile Payments Using Digital Yuan

According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on ​China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.

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Jerome Powell Says Fed Could Start Tapering Later This Year

At the Federal Reserve’s virtual Jackson Hole symposium Friday, Fed Chair Jerome Powell said ​the central bank plans to keep quantitative easing loose for a little while, encouraging spending and investing.

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Apple to Let App Developers Alert Users to Alternate Payment Methods

Apple Inc. has changed its App Store regulations that will now allow software developers to tell customers how to pay for services outside of the Apple ecosystem, as part of a proposed settlement of a class-action lawsuit. "The Hash" squad unpacks the announcement and the implications for the App Stores' potential cryptocurrency options in the near future. Could this increase crypto offerings from app purchases?

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Binance Removes Norwegian Krone Trading Pairs, Payment Options

Binance, the world’s largest crypto exchange, has discontinued trading pairs and payment options in Norwegian krone, effective immediately ending Norwegian language support. “The Hash” hosts discuss the outlook for Binance following its latest move that extends its efforts to ​more proactively tackle regulatory challenges amid intense scrutiny from global lawmakers.

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T-Mobile’s Data Hack and the Case for Web 3.0

T-Mobile CEO Mike Sievert apologized for a cyberattack that exposed more than 54 million people to greater risk of fraud and identity theft, saying the firm has hired security experts to strengthen its defenses. This marks the carrier’s third major security leak in two years.

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Australian Parliament Passes Legislation Handing ‘Extraordinary’ New Hacking Powers to Authorities

The Australian Senate passed a new bill that hands “extraordinary” new hacking powers to authorities, who will now be able to access the computers and networks of those suspected of conducting criminal activity online, taking over their online accounts covertly.

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Microsoft Awarded US Patent for Crypto Token Creation Service

Microsoft has been awarded a U.S. patent for software it says can help users develop blockchain applications by making it easier and more efficient to create crypto tokens for different distributed ledgers. "The Hash" team digs into the world of patents, suggesting the outlook for the tech giant's potential impact on crypto innovation.

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A16z Details Its New Approach to Crypto Governance

Perhaps the most powerful force in decentralized finance (DeFi) governance, venture capital (VC) giant Andreessen Horowitz (a16z), said it would “open source” its DeFi delegation procedures. The move comes after a pair of controversial votes in Uniswap’s DAO governance system.

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