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Sam Bankman-Fried Trial Kicks off With Opening Arguments; Why is AVAX Climbing?

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the latest legal developments with FTX founder Sam Bankman-Fried's criminal trial. A founder of bankrupt crypto hedge fund Three Arrows Capital is under arrest, according to the New York Times. And, a closer look at why Avalanche's AVAX is rallying.

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Rep. George Santos Reportedly Involved Crypto in Nigerian Prince-Like Scheme

George Santos, a first-term member of the House of Representatives, appears to be involved in a crypto-centric version of the classic Nigerian prince email scam geared toward a campaign donor, according to the New York Times. Santos is under indictment for thirteen felonies, including allegedly embezzling contributions from supporters. A request for comment sent to Santos' lawyer about the report was not immediately returned.

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Texas Bill Limiting Bitcoin Miners' Participation in Demand Response Programs Passes Another Hurdle

The Texas Senate passed a bill that will cap how much bitcoin (BTC) miners can participate in demand response programs, under which they get paid to curtail their operations at times of high energy demand. Bill SB 1751 is now heading to the House and if approved, it will have to be signed into law by Texas Governor Greg Abbott. GRIID Chief Strategy Officer Harry Sudock discusses how the bill could impact miners in the state and his reaction to The New York Times article on bitcoin mining.

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Debate Over the Environmental Impact of Bitcoin Mining Escalates

The New York Times' latest article, "The Real World Costs of the Digital Race for Bitcoin," examines the environmental impact of bitcoin mining operations on electrical energy consumption and pollution. "The Hash" panel discusses the latest report fueling the ongoing bitcoin energy debate.

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How Nigeria’s Presidential Election Could Impact Crypto Adoption

Reuters reports that candidate Bola Tinubu is currently in the lead for Nigeria's presidential election, but opposition parties are flagging concerns of fraud. This comes as the New York Times reports that fights have broken out at banks in the past week as the country faces cash shortages. Afropolitan Co-founder Eche Emole discusses the state of economic uncertainty in Nigeria, how the election could impact bitcoin adoption and the use cases of crypto as a tool for financial freedom. 

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Crypto Twitter Reacts to NYT Article About Sam Bankman-Fried

"The Hash" panel discusses how Twitter users are reacting to a new article from the The New York Times about how residents in The Bahamas have "lingering sympathy" for former FTX CEO Sam Bankman-Fried. "The Hash" team also dives into the role of the media in the wake of FTX's downfall.

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FTX Bankruptcy Update; Co-Founder of OneCoin Pyramid Scheme Pleads Guilty

A judge ruled that media companies including the New York Times and Bloomberg will be allowed to formally plead for FTX to publish the full list of as many as a million of its creditors. Plus, Karl Sebastian Greenwood, co-founder of the OneCoin pyramid scheme, pleaded guilty to conspiracy and wire fraud.

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BlackRock CEO Predicts Tokenization Is the Future of Markets

"The next generation for markets, the next generation for securities, will be tokenization of securities," BlackRock CEO Larry Fink said during the New York Times DealBook event. "The Hash" panel discusses the outlook for tokenized assets and the overall crypto ecosystem.

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Crypto Has Parallels With Subprime Mortgage Crisis, Says Paul Krugman

Longtime crypto skeptic and Nobel Prize-winning economist Paul Krugman said in an opinion piece for The New York Times Thursday he sees “uncomfortable parallels” between crypto and the subprime mortgage crisis of the 2000s.

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Say Yes to the Meta-Dress!

"The Hash" team discusses the reactions and implications for a New York Times article suggesting fashion in the metaverse could be both "emotionally liberating" yet "very messy." What does it mean to be dressing for a virtual world, and what could go wrong?

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