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Shopify to Allow Merchants to Sell NFTs Directly Through Their Stores

Shopify, which powers the e-commerce sites of over 1.7 million businesses worldwide, announced Monday it is now allowing merchants on its platform to offer non-fungible tokens (NFT) directly to customers, with the NBA's Chicago Bulls being one of the first to sell. "The Hash" team unpacks the story as it potentially opens digital assets to much wider adoption.

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Crypto Fintech Eco Raises $60M for High-Yield USDC Savings App

The a16z-backed Eco, a fiat deposit-taking, cashback-granting digital wallet and stablecoin lender, which loans out users’ deposits in USDC, raises another $60 million to propel its crypto-powered banking app. "The Hash" discuss the outlook for Eco as regulators turn up the pressure on stablecoins.

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Huobi Shuts Down Beijing Entity Amid China's Crypto Crackdown

As Chinese authorities crack down on local mining operations, other crypto fields appear to be impacted, including exchanges and media platforms, which could be driving massive selloffs in Chinese tech stocks. Huobi is the latest crypto exchange to be hit, dissolving its Beijing entity on July 22 and deregistering in 45 days. Why is China tightening the reins on crypto and Big Tech? "It's all about control here," host Naomi Brockwell said.

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Crypto ATM Installations Increased Over 70% Globally This Year

According to data from Coin ATM Radar, the number of crypto ATMs installed globally has increased by more than 70% from 7,620 to 24,030 this year, compared with a jump of 120% for all of 2020. "The Hash" hosts discuss the rise of crypto ATMs and whether they could propel mainstream adoption of cryptocurrencies at large.

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Report: Tether Executives Facing Criminal Bank Fraud Charges

Bloomberg reports executives from Tether are reportedly facing a criminal probe into bank fraud, with the U.S. Department of Justice investigating the USDT issuer for a possible offense conducted years ago. “The Hash” panel discusses the ongoing controversy around Tether and why this developing story is one to watch.

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DeFi Crackdown: Uniswap Labs Limits Access to Some Tokens

Software development studio Uniswap Labs said Friday it is restricting access to some tokens, including tokenized stocks and derivatives on the protocol interface that it supports. “The Hash” group discusses whether this is a result of increased enforcement actions from U.S regulators on decentralized finance (DeFi) products.

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Binance to Cut Leverage Limit to 20x, a Day After FTX Announces the Same

Binance, the world’s largest crypto exchange by trading volume, is reducing the maximum leverage users can use to trade futures contracts. CEO Changpeng Zhao tweeted Monday the new limit is 20 times leverage, down from 100 times, a day after derivatives exchange FTX announced a similar change. Is this part of a broader effort by Binance to help avoid the worst of a future regulatory storm?

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Bitcoin Rallies on Amazon’s Rumored Digital Currency Adoption

Bitcoin rebounded above $39K Sunday. Some suggest the spike could be attributed to an unconfirmed report Amazon is looking to accept bitcoin payments by year’s end and is considering minting its own token by 2022. “The Hash” hosts discuss the legitimacy of the report and its potential impact on the crypto markets.

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Binance to Cut Leverage Limit to 20x, a Day After FTX Announces the Same

Binance, the world’s largest crypto exchange by trading volume, is reducing the maximum leverage users can use to trade futures contracts. CEO Changpeng Zhao tweeted Monday the new limit is 20 times leverage, down from 100 times, a day after derivatives exchange FTX announced a similar change.

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Reddit to Scale Its Ethereum-Based Community Points System With Arbitrum

Social media platform Reddit has selected rollup technology Arbitrum to scale its Ethereum-based Community Points system.

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