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The correction in digital asset markets last year led to a shift in focus and capital from speculative trading to projects with real-world functionality, but decentralized finance’s (DeFi) current functionality "barely scratches the surface," Bank of America (BAC) said in a research report Wednesday. The banking giant added that developer activity and adoption are part of the key to success.  "The Hash" panel discusses the key takeaways of the report.

Feb 9, 2023

Tether, issuer of the world's largest stablecoin, reported a $700 million profit in the fourth quarter of 2022 and said it completely moved away from holding commercial paper as part of the reserves backing its USDT token. "The Hash" panel discusses the latest from Tether and the larger implications for the stablecoin market.

Feb 9, 2023

LDO, the governance token of the decentralized autonomous organization behind Lido, spiked after Coinbase CEO Brian Armstrong tweeted that he'd heard rumors that the U.S. Securities and Exchange Commission (SEC) might ban retail investors from engaging in cryptocurrency staking. The Lido protocol, governed by the LDO token, allows for the staking of ether. "The Hash" panel discusses the latest in the world of crypto regulation.

Feb 9, 2023

LocalBitcoins, one of the longest-running bitcoin exchanges, is set to close this month in response to the "ongoing very cold crypto winter," roughly a decade after its inception. "The Hash" panel discusses the latest firm hit by the downturn in the crypto markets.

Feb 9, 2023

Kyle Davies refused to comply with a court subpoena for the books and records of his former crypto hedge fund Three Arrows Capital, a New York court was told in a Tuesday night filing. Davies was accused of stonewalling a probe into the company, which managed as much as $3 billion in assets before collapsing last year, while “shamelessly” promoting new crypto ventures. "The Hash" panel breaks down the latest revelations.

Feb 8, 2023

Two weeks ago, Caitlin Long-founded Custodia Bank (formerly Avanti Bank), which is not yet in operation, learned the U.S. Federal Reserve Board had denied its application for membership, which would have formalized an association with the general reputation of the U.S. central bank. This comes amid continued Binance woes. "The Hash" hosts discuss why this is potentially alarming for crypto banking and the larger industry.

Feb 8, 2023

Binance, the world’s largest cryptocurrency exchange by trading volume, is helping assemble a consortium of crypto companies with a view to rebuilding trust in the industry and is taking on an active role in coming regulations, according to a person with knowledge of the plans. "The Hash" panel discusses the latest move from Binance and the potential outcomes.

Feb 8, 2023

U.S. District Judge Lewis Kaplan of the Southern District of New York rejected a joint request to modify former FTX CEO Sam Bankman-Fried's bail conditions to allow him to use certain messaging tools. The motion is "denied without prejudice" until a hearing on Thursday. "The Hash" panel discusses the latest developments.

Feb 7, 2023

Indian cryptocurrency exchange WazirX has said, "allegations made by Binance in their blog are false and unsubstantiated," and is taking the necessary steps to seek recourse and protect its legal rights, according to its blog post published on Tuesday. "The Hash" panel discusses the latest developments in an ongoing public spat between Binance and WazirX.

Feb 7, 2023

Computer manufacturer Dell has become a member of the Hedera Governing Council to develop decentralized applications to help its customers with their blockchain and Web3-related ventures. Hedera's HBAR token spiked higher on the news. "The Hash" panel discusses Dell's association with blockchain and crypto that goes back nearly a decade.

Feb 7, 2023