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Bank of America: CBDCs 'More Effective' Than Cash

In a new research paper, Bank of America, the U.S.' second-largest bank by total assets, called central bank digital currencies (CBDCs) “a much more effective payment system than cash,” and could “replace cash completely in the (distant) future.” "The Hash" hosts weigh in.

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Crypto User Numbers Double in Last Six Months

The number of crypto users overall doubled in the first half. New research by Crypto.com identified more than 220 million users of crypto by the end of June. “The Hash” hosts discuss key takeaways and whether they anticipate the growth of crypto users to decelerate in the second half of 2021.

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Bitcoin Miners Can Escape US Taxes by Mining Direct to IRAs

Through an agreement with Choice IRA, a crypto-friendly retirement offering by digital asset custodian Kingdom Trust, U.S. clients of Compass Mining can now avoid a tax on the bitcoin they mine by buying mining hardware through their individual retirement accounts (IRAs). "The Hash" team digs into the development and the implications for investors.

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Robinhood Reportedly Testing Feature to Protect Crypto Investors From Volatility

As Robinhood prepares to go public this week, the zero-fee trading platform is reportedly working on a new feature that will help protect users from crypto price volatility. “The Hash” panel discusses whether the fintech firm is acting in the best interests of its clients or is it just a front to appease regulators?

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New App Allows Consumers to Spend DASH Cryptocurrency at 155K+ US Retailers

Blockchain-based payments network Dash has launched DashDirect, a noncustodial and user-controlled retail app, which allows users to pay for everyday purchases at over 155K national retailers with their DASH holdings and qualify for discounts of up to 12%. "The Hash" hosts examine the pros and cons of such a product in bringing cryptocurrency utility to the masses.

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Here's Why Binance CEO 'CZ' Is Looking for His Replacement

Binance, the world’s largest cryptocurrency exchange by volume, is looking for someone with a strong regulatory background to become its new chief executive officer, replacing its current CEO, Changpeng "CZ" Zhao. The news comes amid Binance facing a series of regulatory scrutiny across global jurisdictions. "The Hash" team discusses the implications for the exchange and its customers.

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Bitcoin Rewards Site Lolli Raises $10M, Eyes Gaming Sector for Growth

Bitcoin rewards company Lolli raised $10 million in its latest funding round. Social media influencers Logan Paul, Chantel Jeffries and Sway House also participated in the Series A round. Lolli plans to be more active in the gaming community. "The Hash" panel digs into the world of crypto influencers and their potential role in driving mainstream blockchain adoption.

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Growing Debate Over Encrypted Smartphones and Crime

"The Hash" responds to an op-ed written by the executive director of Europol and district attorney of New York, which suggests global law enforcement authorities should have back door access to encrypted digital devices to prevent and solve crimes.

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Amazon Denies Report It Plans to Accept Bitcoin by End of Year

Amazon has denied the City A.M. report it plans to accept bitcoin payments by the end of the year. While many cited the report as one reason for bitcoin's rebound, the price began retracing some of its gains after a spokesperson for the retail giant confirmed it is false. "The Hash" panel examines the speculative and reactionary nature of bitcoin, discussing Amazon's potential hurdles on the path to crypto adoption.

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Bug Found in Decoy Algorithm for Privacy Coin Monero

A “significant” bug with the potential to expose users’ transactions has been spotted in the decoy selection algorithm of monero, a cryptocurrency known for providing users privacy. "Monero really [does] have a commitment to being the most private currency [it] can be," host Benjamin Powers said. "And that this all the more discouraging, unfortunately."

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