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President Bukele Confirms El Salvador Will Not Require Bitcoin Acceptance
El Salvador President Nayib Bukele confirmed the use of bitcoin as legal tender would not be mandatory. In contrast to the original Bitcoin Law, the government will not force any of the nation’s residents to receive it as a form of payment.
What OnlyFans Stopping Sex Acts and Politicizing Payments Means for Crypto
OnlyFans, an online subscription platform primarily used by performers selling adult sexual content, announced it would prohibit pornographic material beginning October 1 due to pressure from banks and payment providers.
Visa Takes First Step Into NFTs With CryptoPunk Purchase for Almost $150K
Visa has bought a female CryptoPunk for around $150,000, taking a step into non-fungible tokens (NFTs) as it seeks to learn more about the burgeoning market. “The Hash” panel discusses the payments technology giant ramping up its experimentation around crypto assets. Could it pave the way for the rise of institutional NFTs?
‘Happy Ending’ to DeFi’s Largest Hack
The attacker who hacked more than $600 million from the China-based Poly Network platform has released the private key for the remaining $141 million of the stolen cryptocurrency, putting a "happy ending" to the weeks-long saga. "The Hash" hosts discuss the key takeaways from the largest hack in decentralized finance (DeFi) history as it comes to an end.
Most Executives Reportedly See Digital Assets as Strong Fiat Alternative in Next 5–10 Years
76% of executives around the world think digital assets will be a “strong alternative to or replacement for” fiat in the next five to 10 years, according to a new survey by Deloitte. Cybersecurity, regulation and privacy were seen as the biggest obstacles to global crypto adoption.
Circle: USDC to Be Backed 100% by Cash, US Treasurys by September
By September, Circle announced its stablecoin USDC would be 100% backed by cash and short-term U.S. government Treasurys. This following the USDC developer revealing in July only 61% of tokens were backed by cash and money-market funds, amid plans to go public via a SPAC deal that would value the firm at $4.5 billion.
Second-Largest US Mortgage Lender UWM Plans to Accept Bitcoin Payments
United Wholesale Mortgage (UWM), America's second largest mortgage lender, reportedly plans to accept cryptocurrency payments later this year in an apparent first for the U.S. mortgage industry. "The Hash" team discusses the pros and cons of paying down a mortgage with crypto, and the possible use cases of bitcoin as collateral for mortgages and loans.
End of an Era? Binance Clamps Down on Customer Verification Requirements
"The Hash" hosts discuss the outlook for crypto exchange Binance as it enforces "mandatory KYC for all services." New customers will have to supply a government ID and pass facial verification to meet its "Intermediate" verification status on its platforms. "This is the end of an era," host Naomi Brockwell said.
NFT-Focused Topps Abandons Plan to Go Public in SPAC Merger
Legacy trading card company Topps has pulled out of its plan to go public via a merger with a special purpose acquisition company (SPAC) following the loss of its exclusive deal to make baseball cards as non-fungible tokens (NFTs) in partnership with Major League Baseball (MLB) and the MLB Players Association (MLBPA).
Top NBA Draft Pick Cade Cunningham Signs Sponsorship Deal With BlockFi
Former Oklahoma State star Cade Cunningham signed a multi-year sponsorship deal with crypto lending firm BlockFi that will see the up-and-coming Pistons point guard receive his signing bonus in bitcoin. "The Hash" squad discusses the industry implications for the ongoing trend of top-drafted athletes forging early-career within the digital assets industry.