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Do Kwon Has 14 Days to Return his Passport, Officials Say
The South Korean Ministry of Foreign Affairs posted a public notice on its website Wednesday announcing it would invalidate Terra creator Do Kwon’s passport, advancing a move the government first said it was considering last month. “The Hash” discusses the latest in the aftermath of Terra’s implosion.
Italy Has Yet to Vet a New Registry of 73 Crypto Firms
Companies entered into a new registry for crypto firms say they’ve secured regulatory approval in Italy, but they haven’t been checked for compliance yet. Italy's Organismo Agenti e Mediatori, a supervisory body which oversees its crypto exchanges, told CoinDesk it didn't plan to start collecting information until at least next year. "The Hash" team discusses the state of crypto in Italy.
Celsius’ Crypto Customers Face New Challenge in Retrieving Deposits
CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million.
Warner Music Group Continues Web3 Expansion With New Metaverse Job Posting
Music and entertainment conglomerate Warner Music Group (WMG) is continuing to expand its Web3 strategy, evident in its latest job posting for a senior director for metaverse development. "The Hash" group discusses Warner Music's latest Web3 push and the implications for mainstream adoption.
Do Kwon Denies Report That South Korean Prosecutors Froze $39.6M of His Crypto
Do Kwon, the CEO of Terraform whose failed stablecoin project rocked markets earlier this year, denied a media report that South Korean prosecutors have frozen 56.2 billion won ($39.6 million) of his cryptocurrency assets. “The Hash” panel discusses what this means for the crypto industry at large.
Three Arrows Capital’s Liquidator Takes Over Starry Night NFT Wallet
Starry Night Capital, a fund backed by bankrupt crypto hedge fund Three Arrows Capital, had its non-fungible tokens (NFT) moved to smart contract wallet Gnosis Safe, according to Nansen.ai. The move was made by 3AC’s liquidator Teneo to take control of the digital assets.
Financial Messaging System SWIFT Says It Has Proved It Can Lead Global CBDC Framework
SWIFT, a key part of the conventional financial system that helps make cross-border payments between banks, has presented a framework for a global central bank digital currency (CBDC) system, claiming to have solved the challenge of interoperability between different networks. “The Hash” hosts discuss what this means for the future of digital payments.
Elon Musk Proposes to Proceed With Twitter Acquisition: Report
Tesla CEO Elon Musk has proposed moving forward with his on-again/off-again purchase agreement for Twitter at $54.20 per share, according to Bloomberg. The report comes just weeks before Elon Musk and Twitter are set to go to trial over Musk breaking off the deal.
Bitcoin Investment Firm NYDIG Raised $720M for Digital Asset Fund, CEO Gutmann Departs
Bitcoin investment company NYDIG raised $720 million for its institutional digital asset fund a few days before its CEO Robert Gutmann said he was leaving the company. NYDIG raised the funds from 59 investors at an average contribution of $12 million, the firm said in a filing with the U.S. Securities and Exchange Commission (SEC) last week.
Telegram Users Can Now Send Crypto to Each Other via Wallet Bot: Report
Telegram’s Wallet Bot, which allows users to buy crypto by bank card and exchange and transfer to other wallets, now supports peer-to-peer (P2P) transactions. “The Hash” panel discusses the implications for security and mainstream adoption.