Dernières de Zack Seward
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.
Ethereum Developers Target March 2023 for Release of Staked Ether; Starbucks' Web3 Splash
Ethereum developers determined the network’s next hard fork, called “Shanghai,” will have a target release time frame of March 2023. This upgrade will include code known as EIP 4895 that will allow Beacon Chain staked ether (stETH) withdrawals. Plus, Starbucks Odyssey launches its Web3-powered experience in beta to certain rewards members of the coffee giant in the U.S.
