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GameStop Ending Support for Its Crypto Wallets Amid 'Regulatory Uncertainty'
GameStop (GME) announced that it will remove its support for crypto wallets roughly one year after launching the service, citing the regulatory uncertainty in the United States. "The Hash" panel shares their reaction to the video game retailer's decision to pull back from its crypto efforts.
Binance Nearly Shut U.S. Exchange to Protect Global Operations: Report
According to a report from The Information, Binance CEO and founder Changpeng "CZ" Zhao nearly shuttered the crypto exchange's U.S. arm earlier this year in order to protect the wider company. "The Hash" panel discusses the recent regulatory scrutiny surrounding the exchange and CEO Zhao. A spokesperson for Binance.US did not have a comment when reached by CoinDesk.
Worldcoin Activity Suspended in Kenya Over Security and Privacy Concerns
According to a Facebook statement, Kenya's Ministry of the Interior has suspended the operations of Worldcoin as the country's financial, security and data protection services investigate the project. "The Hash" panel shares their thoughts on the legitimacy of the identity crypto protocol co-founded by OpenAI's Sam Altman.
SEC Says Hex Founder Misappropriated 'Millions of Dollars of Investor Funds,' Bought Rare Black Diamond
The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings beginning in 2019. "The Hash" panel breaks down the regulator's allegations, including claims of luxury shopping sprees.
X Faces New Competition From Suku on Crypto Payment Adoption Plans
Web3 wallet Suku recently teamed up with Polygon to release a free open-edition NFT collection. Within the 48-hour mint period, users minted over 50,000 NFTs directly on X, formerly known as Twitter. Lucas Henning, Suku’s Chief Technology Officer and co-founder, joins "The Hash" to discuss the partnership with Polygon and the future of transactions over social media platforms.
Crypto Sleuths Find Link Between BALD Rug Pull and Sam Bankman-Fried’s Alameda Research
The rug-pulling of short-lived, heavily hyped meme coin bald (BALD) has a whole cast of characters, but is one of them Sam Bankman-Fried? "The Hash" panel shares their reaction to the latest speculation on X (formerly known as Twitter) and what on-chain evidence is actually suggesting as Bankman-Fried’s access to the Internet is heavily controlled.
Justin Sun Buys 5M CRV Tokens to Help Ease Crisis at Curve Finance
Blockchain data shows that Tron founder Justin Sun purchased about 5 million CRV tokens at an average price of $0.4, helping to protect Curve Finance against a possible bad debt situation stemming from falling token prices that could impact a massive loan tied to its founder. "The Hash" panel weighs in on what Sun and others are doing following the exploit Curve experienced over the weekend.
FTX Saga Continues: Will Sam Bankman-Fried Go to Jail Before His October Trial?
Sam Bankman-Fried continues to be in the spotlight ahead of his upcoming criminal trial, as the DOJ aims to send the disgraced FTX founder to jail ahead of his court date, on allegations that he has repeatedly tried to influence witness testimony. Hermine Wong, former head of policy at Coinbase and current principal at herminewong.xyz, joins "The Hash" to discuss the latest developments in the FTX saga and outlook on the SEC's lawsuit against Coinbase.
Curve Finance Exploit Puts More Than $100M Worth of Crypto at Risk
Upwards of $100 million worth of cryptocurrency is at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. "The Hash" weighs in on the state of smart contracts and risk management in decentralized finance (DeFi).
The War of Words Between Coinbase and the SEC Continues
The Financial Times spoke with Coinbase CEO Brian Armstrong and the crypto exchange leader said the SEC recommendation left them no choice but to head to court. Armstrong also told the publication that the agency had asked Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing the exchange. "The Hash" panel discusses the wave of lawsuits recently filed by the regulator and the debate over whether bitcoin is a security or commodity.