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El Salvador Debt Downgraded to CC Rating as President Bukele Seeks Re-Election
El Salvador is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption, according to rating agency Fitch. Meanwhile, President Bukele announced that he will seek re-election, according to a Reuters report. "The Hash" panel discusses the outcome of President Bukele's bitcoin initiatives and the chances for him to be re-elected after his term ends in 2024.
No One Is Spending a Fortune for the NFT of Ethereum’s Final PoW Block
The entirety of Ethereum’s final block before it shifted to a proof-of-stake network Thursday morning was captured in the form of a non-fungible token (NFT). VanityBlocks paid around 30 ether in fees to mint the NFT but the highest bidder is offering just 10 ether. "The Hash" panel discusses the details.
Ethereum Network Shows Signs of Increased Centralization After the Merge
In the hours following the long-awaited Ethereum Merge on Thursday, over 40% of the network’s blocks were added by just two entities: Coinbase and Lido. “The Hash” team discusses whether the shift from proof-of-work (PoW) to proof-of-stake (PoS) increased centralization of the network.
CFTC Chair to US Senators: Already Preparing to Be Major Regulator in Crypto
Rostin Behnam, the head of the U.S. Commodity Futures Trading Commission, said he has already directed his agency to begin preparing to be the major, fully-funded regulator for much of the crypto market, as anticipated in Senate legislation.
FTX Eyes Raising Capital for Potential Retail-Focused Deal: Source
Cryptocurrency exchange FTX is raising capital in parallel with a potential acquisition, according to a source familiar with the matter. "The Hash" panel discusses what this means for the market in a crypto winter and thoughts on Sam Bankman-Fried's strategies.
Ether and Ethereum Classic Trading Faces Volatility After Merge
Crypto markets are mostly flattish over the past 24 hours, but the action in ether (ETH) and Ethereum Classic (ETC) has been volatile early Thursday following the successful Merge event. "The Hash" panel discusses the driving force behind ether and Ethereum Classic price actions.
Successful Ethereum Merge Opens New Era for the Second-Biggest Blockchain
The massive overhaul of Ethereum, known as the Merge, has finally happened, moving the second-largest cryptocurrency by market value to a vastly more energy-efficient system after years of development and delay. "The Hash" panel discusses their "Merge Day" experience and more details on the upgrade.
Binance-Linked BNB Chain Partners With Google Cloud to Advance Web3, Blockchain Projects
BNB Chain, a blockchain closely linked to crypto exchange Binance, is working together with Google Cloud to support the growth of early-stage Web3 and blockchain startups. “The Hash” panel discusses the strategic collaboration and the potential outcomes.
South Korea Mulls Interpol Red Notice Amid Do Kwon Arrest Warrant: Report
Four months after the collapse of the Terra ecosystem and its algorithmic stablecoin UST, Terraform Labs co-founder Do Kwon and five other individuals have been issued an arrest warrant by a South Korean court on charges of violating the Capital Markets Act. "The Hash" panel discusses the latest in the aftermath of the Terra contagion that triggered an industry-wide fallout.
MoMA Considers Buying NFTs With Proceeds of $70M Auction: Report
New York’s Museum of Modern Art (MoMA) is considering buying non-fungible tokens (NFTs) with some of the proceeds of a $70 million auction of William S. Paley's art collection, according to the Wall Street Journal. "The Hash" hosts discuss the implications for digital collectibles and the traditional art market.