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Meta Faces Record $1.3B Privacy Fine From E.U.
Facebook parent Meta Platforms was fined a record privacy penalty of $1.3 billion by European Union lawmakers for mishandling U.S. user information. "The Hash" panel discusses the fine and the potential use cases of Web3 for data privacy protection.
Tornado Cash’s TORN Token Rises After Attacker Proposes to Undo Attack
The Tornado Cash token (TORN) rose after a proposal submitted by a wallet address linked to a recent attack on the decentralized autonomous organization’s (DAO) governance state looks to reverse the malicious changes. "The Hash" panel discusses the outlook for the governance of Tornado Cash's DAO in the latest DeFi exploit making waves in the crypto space.
Unpacking Ledger’s Controversial New Bitcoin Key Recovery Feature
Paris-based hardware wallet-maker Ledger announced a new key-recovery feature this week, allowing users to recover their private keys. But opponents say that the product isn’t compatible with the concept of a hardware wallet, which promises to ring-fence private keys from prying eyes. "The Hash" panel discusses the criticism around the launch of "Ledger Recover" and the implications of privacy in crypto.
Michael Saylor Looking at Bitcoin Ordinals for App Development: Decrypt
MicroStrategy co-founder and crypto proponent Michael Saylor said his software company is interested in Bitcoin Ordinals and examining the potential of the protocol for application development, according to Decrypt. "The Hash" panel discusses Saylor's latest Bitcoin bet.
Hector Network Fight Focuses on Efficacy of DAO Governance
Community members of decentralized finance (DeFi) project Hector Network met on Discord early Thursday to discuss its possibly more centralized future. On hand was project leadership, a lawyer, and tens of HEC token holders – many of whom were skeptical of a plan they feared would dilute their influence over how Hector runs. CoinDesk attended the call. "The Hash" panel discusses the key takeaways and the legal considerations of internet-native organizations.
Coinbase Praises Canada’s Crypto Approach Amid U.S. Regulatory Pressure
Crypto exchange giant Coinbase (COIN) says it loves Canada, where the rules have been set out and companies are able to engage with the regulators, compared with the United States' lack of clarity and regulation by enforcement for the industry. "The Hash" panel discusses the outlook for Coinbase and the wider implications for crypto exchanges amid intensifying regulatory pressure in the U.S.
Absence of Retail Investors Could Hinder Pepecoin's Rise to Top Meme Coin: Santiment
A new report by on-chain analytics firm Santiment comparing the liquidity and trading metrics for pepecoin (PEPE) against shiba inu (SHIB) and dogecoin (DOGE) suggests PEPE could face challenges amid a generally bleak trading environment. "The Hash" panel discusses the latest on the meme coin economy.
DeFi Must Get Easier to Use to Win Over Retail Customers: Uniswap Survey
The many pains of using decentralized finance (DeFi) protocols may be stopping occasional crypto users from experimenting with on-chain services, according to a survey conducted by Uniswap Labs. "The Hash" panel discusses the findings and the potential hurdles ahead on the path to mainstream DeFi adoption.
Ripple Launches Platform for Central Banks to Issue Their CBDCs
Ripple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot. "The Hash" panel discusses what this means for Ripple amid a global race to digital money.
Crypto Wallet Maker Ledger Continues to Defend Recovery System
Crypto wallet maker Ledger continued to defend its "Recover" service, which was met with consternation from the crypto community earlier this week on grounds that it undermines the firm's brief of privacy and security. In a now-deleted tweet, the support team said "it is and always has been possible" for the firm to extract its users' keys. "The Hash" panel weighs in.