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Nansen Cuts 30% of Staff To Reduce Expenses; Binance Says it Needs to 'Focus on Talent Density'
Nansen, a blockchain data analytics platform, announced a 30% reduction in headcount on Tuesday as it looks to cut costs alongside a continuing slump in cryptocurrency markets. Meanwhile, crypto exchange Binance said it needs to "focus on talent density across its organization" as it responded Wednesday morning to a report of job cuts. "The Hash" panel discusses what to make of the continued crypto layoffs in the latest fallout of the ongoing bear market.
5 Years After the $500K Ethereum Wager Between Joe Lubin and Jimmy Song, Who Won?
"The Hash" hosts unpack the results of a wager made between Joe Lubin, co-founder of Ethereum and the founder of ConsenSys, and bitcoin advocate Jimmy Song, at CoinDesk's Consensus 2018 conference that hinged on how far Ethereum adoption would get by now.
SEC Settles Insider Trading Charges With Former Coinbase Employee
The U.S. Securities and Exchange Commission settled charges with a former Coinbase (COIN) product manager and his brother tied to 2022 allegations of insider trading on certain cryptocurrencies listed by Coinbase, the regulator announced Tuesday. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments.
Astaria CTO on NFT Lending Platform Roll Out to Public
Non-fungible token (NFT) lending platform Astaria is launching publicly after a lengthy closed beta period. Joseph Delong, CTO at Astaria, joins "First Mover" to discuss the state of NFT lending and why the platform allows NFT holders to lease their assets to traders who may not be able to afford a blue-chip NFT in a single purchase.
Bitcoin Slumps Back Towards $27K as Fed's Mester Favors Unabated Tightening
Bitcoin (BTC) ran into selling pressure after a top Federal Reserve official said there is no compelling case to halt the liquidity tightening. CoinRoutes CEO and co-founder Dave Weisberger shares his crypto markets analysis as the House is slated to vote on a debt ceiling bill.
Rep. Davidson on Debt Ceiling Outlook, State of Crypto Regulation
The U.S. debt limit deal is approaching a vote in the House, after passing a key test on Tuesday. Rep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the potential impact of the deal and his outlook on crypto regulation in the U.S.
Nvidia Joins $1 Trillion Club Amid AI Boom
Nvidia's (NVDA) stock is climbing, following the company's latest earnings report. The chipmaker's market capitalization has even surpassed $1 trillion, outpacing companies like Meta and Tesla, according to data from Yahoo Finance. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Bitcoin Mining Difficulty Poised To Set New All-Time High This Week
The bitcoin mining difficulty, a measure of how easily miners can discover a block of bitcoin, is set to surpass the 50T mark on Wednesday, setting a new all-time high. Meantime, stablecoin issuer Tether has invested in an energy production and sustainable bitcoin mining facility in Uruguay. "The Hash" panel discusses their outlook for the bitcoin mining community.
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal: Prosecutors
Criminal charges that lawyers for Sam Bankman-Fried sought to dismiss, including technicalities around his extradition back to the U.S. and campaign finance violations, are valid, prosecutors said in court filings from Monday. "The Hash" panel discusses the latest in the FTX bankruptcy case.
Indian Crypto Exchanges in Survival Mode Amid Crypto Winter
Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways. "The Hash" panel discusses the ongoing fallout of crypto winter and the implications for India's state of crypto.
