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This Tiny Oklahoma Bank Is Allowing Customers to Buy Crypto in Its Mobile App
Since February, Oklahoma-based Vast Bank, formerly known as Valley National Bank, has been helping select clients buy crypto with their bank accounts through a partnership with Coinbase. Now, it is inserting a crypto purchasing feature into its mobile banking app. "The Hash" team discusses the development as a potential glimpse into the continuous investor interest in bitcoin.
Privacy Startup Nym Hires Whistleblower Chelsea Manning to Audit Mixnet
Whistleblower and security engineer Chelsea Manning has joined privacy startup Nym as a security consultant, focusing on auditing their mix network or "mixnet," which takes its name from the proxy servers it employs, called “mixes." The squad for "The Hash" discusses the latest in the world of privacy software and security audits as we increasingly move forward in the digital age. "This is the direction we need to be moving in in society," host Naomi Brockwell said.
Budweiser Getting Frothy on NFTs
Budweiser USA has changed its Twitter profile picture to a rocket designed by non-fungible token (NFT) platform Rocket Factory, which was bought for 8 ETH (US$25,000).
House Lawmakers Will Vote Sept. 27 on $1T Infrastructure Bill
“The Hash” panel discusses the specifics, reactions, and potential impacts of the U.S. House of Representatives voting 220-212 to advance the $1 trillion bipartisan infrastructure bill on Sept. 27 without considering any amendments. “It’s a little more malicious than we’re actually giving it credit for,” host Naomi Brockwell said.
OnlyFans Reverses Pornographic Content Ban
OnlyFans said Wednesday it has “suspended” its original plans to ban pornographic content in a complete U-turn. This comes just days after the online subscription platform received fierce user backlash for announcing it would ban sexually explicit content beginning Oct. 1, citing pressure from banks and payment companies.
Blockstream Raises $210M, Acquires Mining Chip Manufacturer Spondoolies
Canadian bitcoin technology company Blockstream is valued at $3.2 billion following a $210 million Series B raise, which will fund an expansion into manufacturing specialized mining chips (ASICs). The firm has also acquired Israeli bitcoin mining hardware manufacturer Spondoolies.
DeFi Adoption Still Reportedly Far From Mainstream
A new report from blockchain data firm Chainalysis suggests mainstream adoption of decentralized finance (DeFi) protocols remains at an early stage relative to the wider crypto industry. “The Hash” group digs into the findings and what they could indicate about the ever-evolving future of DeFi.
DeFi Exchange SushiSwap Builds on Avalanche as Part of $180M Incentive Program
Popular decentralized exchange (DEX) SushiSwap is the latest decentralized finance (DeFi) project to join proof-of-stake blockchain Avalanche in its $180 million incentive program. "The Hash" hosts discuss the ongoing trend of blockchain networks increasingly jumping aboard the DeFi bandwagon and what this could mean in navigating the future of open finance.
Michael Saylor’s MicroStrategy Buys Another $177M of Bitcoin
Business analytics software provider MicroStrategy has repurchased bitcoin after a brief lull, adding another 3,907 BTC worth about $177 million to its vast trove of the original cryptocurrency totaling 108,992 BTC. "The Hash" squad discusses the outlook for Michael Saylor's company as it continues to establish itself as the industry's premier bitcoin institutional holding firm.
President Bukele Confirms El Salvador Will Not Require Bitcoin Acceptance
El Salvador President Nayib Bukele confirmed the use of bitcoin as legal tender would not be mandatory. In contrast to the original Bitcoin Law, the government will not force any of the nation’s residents to receive it as a form of payment.