Wendy O
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Silicon Valley Bank Shut Down by State Regulators; Meta Reportedly Explores Decentralized App
"The Hash" team discusses the biggest crypto headlines of the day, including Silicon Valley Bank being shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. Plus, Meta Platforms, the parent company of Facebook, is working on a decentralized text-based app, according to a report by TechCrunch.
Crypto Industry's Banking Crisis; 'Vitalik' NFT Collection Takes Top Spot on OpenSea
The digital asset industry is in the middle of a banking crisis with the collapse of crypto-friendly Silvergate Bank, and Crypto.com hasn’t been spared. "The Hash" team discusses the latest developments. Plus, a non-fungible token (NFT) collection is rapidly rising in interest and value based on its association with the co-founder of Ethereum, Vitalik Buterin, although his direct involvement in the NFT drop has yet to be established.
Bitcoin Hovers Around $22K as Fed's Powell Softens Tone; Coinbase Launches 'Wallet As a Service'
Bitcoin (BTC) is hovering around $22,000 as Federal Reserve chair Jerome Powell stressed that the central bank has yet to make a decision on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Powell is testifying before the House Financial Services Committee for his semi-annual monetary policy report. Separately, Coinbase is launching a "wallet as a service" business that will enable companies to customize their blockchain wallets for their own customers. "The Hash" panel weighs in on today's top stories.
Bitcoin Briefly Dips Below $22K on Powell's Inflation Comments; Crypto Tax Reform Plans
"The Hash" team discusses the biggest headlines shaping the crypto markets today, including Federal Reserve Chairman Jerome Powell, in prepared remarks before the U.S. Senate Banking Committee, stating that inflationary pressures are running higher than expected. Separately, Punchbowl reports that U.S. lawmakers are planning on reintroducing a bill that will reform the way crypto is treated for tax purposes.
Voyager Denies SEC Claims VGX Token Is a Security; Sam Bankman-Fried May Soon Use a Flip Phone
Bankrupt crypto lender Voyager Digital has denied claims by the U.S. Securities and Exchange Commission that its VGX token is a security, as it seeks court approval for a $1.02 billion buyout offer from Binance.US. Separately, an attorney with the U.S. Department of Justice proposes Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a noninternet-connected flip phone, in court filings late Friday.
