Das Neueste von Jennifer Sanasie
NY Banks Need Crypto Business Permission; Trump Unveils NFTs and More
"The Hash" tackles today's top stories including: Why CryptoQuant says its data indicates that Binance is not exhibiting "FTX-like" behavior, New York banks need to get permission for crypto services from the state regulator, and the United Nations is using Stellar's blockchain to help get funds to war-impacted Ukrainians. Plus, former President Donald Trump's new NFT trading cards.
Lawmakers Scrutinize Crypto Industry in Senate Banking Committee Hearing on FTX Collapse
"The Hash" hosts dive into today's top headlines. On Capitol Hill, senators are zooming in on FTX's collapse and the fallout for retail investors. Binance's CZ is warning staff of "turbulent times" ahead, according to an internal memo. And, Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) are introducing a bill to crack down on money laundering and financing of terrorists and rogue nations via cryptocurrency.
New FTX CEO Testifies Before Lawmakers; Sam Bankman-Fried Formally Charged With Fraud in US Court
FTX's new CEO John J. Ray III is testifying before the House Financial Services Committee about the crypto exchange's collapse. This comes as U.S. prosecutors revealed a litany of charges against former CEO Sam Bankman-Fried, including wire fraud, conspiracy to commit money laundering and campaign finance violations. "The Hash" team breaks down the latest developments.
Former Alameda CEO Reportedly Taps Ex-SEC Crypto Regulator as Lawyer; Cathie Wood's Ark Buys More COIN
Bloomberg reports that former Alameda CEO Caroline Ellison recently hired Stephanie Avakian and law firm WilmerHale. Avakian is a former enforcement division chief at the Securities and Exchange Commission (SEC) who worked on several high-profile cases against figures like Elizabeth Holmes and Elon Musk. Plus, Cathie Wood's Ark Investment Management said in an email it bought 78,982 shares in cryptocurrency exchange Coinbase (COIN), its first investment in the crypto exchange in a month.
Coinbase Asks Users to Switch USDT for USDC; More Reported Crypto Layoffs
Coinbase is waiving the conversion fees for users switching to a "trusted stablecoin" in a new campaign that highlights the quality of reserves that back Circle-owned USD Coin (USDC). Meanwhile, crypto trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea F.C. amid new layoffs, according to a Bloomberg report. And Forum3 Co-CEO Adam Brotman joins "The Hash" to discuss connecting one of the world’s most successful retail loyalty programs with Web3.
