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Independent FTX Examiner May Cost Crypto Exchange $100M, Court Told
A bankruptcy court judge declined to rule definitively on whether to appoint an independent examiner to the FTX bankruptcy case. The U.S. government argued that the statute called for the judge to demand such an examination, while FTX said a probe would represent a costly duplication. Baric & Associates Partner Steve Baric weighs in on the latest legal proceedings and the potential biggest hurdles for FTX’s new chief executive, John J Ray III.
Bitcoin Lightning Network Developments
CoinDesk Editor at Large Christie Harkin discusses the latest news surrounding Bitcoin's Lightning Network, a second layer on top of the Bitcoin blockchain that uses user-generated micropayment channels to conduct transactions more efficiently. "The Hash" panel weighs in on what the future holds for the Lightning Network.
Visa's Reported Crypto Push
Cointelegraph reports that payments giant Visa is looking into how to accept settlement payments from issuers in USDC starting on Ethereum. "The Hash" panel discusses Visa's latest crypto ambitions and the implications for mainstream adoption.
StarkWare to Open Source Its Core Cryptographic Software Tool
Israel-based StarkWare, a creator of blockchain scaling systems that reached an $8 billion valuation last year, announced plans on Monday to open source its core cryptographic software tool. The technology tackles the scalability issues of Ethereum, which cause slow throughput and high gas or transaction fees. "The Hash" hosts discuss what this means for the Ethereum community.
A16z Rejects Plan to Deploy Uniswap V3 on BNB Chain
According to the Uniswap DAO forum, venture capital fund Andreessen Horowitz (a16z) has used all 15 million of its UNI tokens to vote against a governance proposal that would deploy Uniswap v3 to BNB Chain on behalf of the Uniswap Community. "The Hash" panel discusses the potential next steps.
Massive Earthquake Hits Turkey and Syria
A powerful earthquake struck Turkey near the Syrian border. At least 2,000 people have been killed and thousands more injured. Turkey is a country where crypto adoption has been accelerating recently. CoinDesk will continue to monitor these developments.
A Second US Property Is Sold Via NFT, Roofstock Says
Digital real estate platform Roofstock sold a second property in Alabama through a non-fungible token (NFT). It was enabled by its Web3 subsidiary Roofstock onChain. "The buyer was a Web2 buyer," says Head of Web3 Initiatives Sanjay Raghavan. He explains how the transaction was settled.
FTX Bankruptcy Judge Mulls Request to Appoint Independent Examiner
The U.S. bankruptcy judge overseeing FTX's Chapter 11 proceedings is considering a request by the U.S. Department of Justice to appoint an independent examiner to investigate the exchange's collapse. Murphy and McGonigle Founder James Murphy weighs the pros and cons of an independent examiner and shares his legal analysis.
'Disinflationary' Trends Will Soon Hit a Wall: Analyst
"It's going to be very hard to get to 2% [inflation]," OANDA Senior Market Analyst Edward Moya said, reacting to the U.S. Federal Reserve's latest interest rate hike and Chair Jerome Powell's comments that "disinflation" has started. Plus, he shares insights on how traders are reacting to the "hot" labor market.
FTX Asks Lawmakers to Return Sam Bankman-Fried's Donations
FTX Group is sending "confidential letters" to politicians and other political beneficiaries of Sam Bankman-Fried, his deputies and his companies, asking them to return the money by the end of the month. This comes as Emergent Fidelity Technologies, a firm co-founded by SBF and former executive Gary Wang, filed for Chapter 11 bankruptcy protection. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know so far.
