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Shanghai Police Bust $16M Pyramid Scheme Involving Crypto
Police in Shanghai busted more than 10 people in connection with a $16 million pyramid scheme involving cryptocurrencies. It's the city's first cracked case of this sort. "Crypto scams lend itself to what crypto is," says research analyst George Kaloudis. "The Hash" panel dives into this story that again shows the importance of doing your own research.

Solana NFT Marketplace Magic Eden Raises $27M in Series A
Magic Eden, an NFT marketplace on the Solana blockchain, has raised $27 million in a Series A funding round led by Paradigm along with Sequoia and Solana Ventures. “The Hash” hosts discuss the growth of the Solana ecosystem as a competitor to Ethereum and the increasing trading volume of NFTs.

Mila Kunis-Backed Short Series ‘The Gimmicks’ Is Launching NFTs
A new animated adult series, “The Gimmicks”, backed by actress Mila Kunis’ Sixth Wall production company, is launching NFTs on the Solana blockchain this Friday to bring viewers into the creative process. “The Hash” hosts discuss the growth of use cases for non-fungible tokens and the perks of different chain ecosystems.

How the Russia-Ukraine War Could Lead to a New Monetary System
With most of the world imposing economic and trade sanctions against Russia for their actions in Ukraine, Credit Suisse strategist Zoltan Pozsar believes that this could be the catalyst for an “outside money” financial system. “The Hash” crew discusses bitcoin as a competitive currency to the dollar and the potential for a new monetary system.

EU Squashes Crypto Mining Ban
The European Parliament has just voted against a proposal to possibly ban the use of proof-of-work blockchain technology due to its energy-intensive nature. “The Hash” hosts discuss the significance of the EU’s Markets in Crypto-Assets (MiCA) framework and what this could mean for future crypto regulation efforts.

Bored Ape Yacht Club and Animoca Brands Collaboration Criticized for KYC Requirements
Bored Ape Yacht Club’s new collaboration with blockchain gaming firm Animoca Brands has been criticized for its KYC requirements, breaking away from the privacy-driven ethos of cryptocurrency. “The Hash” crew discusses the “maturation” of the NFT space as partnerships develop with mainstream brands and the possibility of a community-oriented project from this partnership.

Why the SEC v. LBRY Crypto Lawsuit Could Be a Landmark Case for the Industry
The SEC sued LBRY last March for allegedly offering unregistered securities to raise a total of $6.2 million starting in 2016. LBRY allegedly offered and sold LBC to institutional investors, using the proceeds to pay bills for operating expenses. “The Hash” hosts discuss how this case could have massive implications for cryptocurrencies that might be deemed to be afoul of regulations in the future.

OnlyFans Donates 500 ETH to UkraineDAO
Video subscription platform OnlyFans has donated 500 ETH (roughly $1.3 million) to UkraineDAO, a decentralized autonomous organization raising funds to support Ukraine as Russia’s invasion continues. “The Hash” hosts discuss how this story highlights the positive use cases for crypto and OnlyFans’ history as a crypto-adjacent company.

Why UK Financial Watchdog Wants to Shut Down Crypto ATMs
The U.K.'s Financial Conduct Authority (FCA) has stated that crypto ATMs operating in the country are illegal due to money laundering regulations. “The Hash” hosts examine how this might affect crypto usage, noting the privacy benefits of bitcoin ATMs and the possible impact on Ukrainian refugees who are fleeing their country with their savings in cryptocurrency assets.

South Korea Elects Crypto-Friendly Yoon Suk-Yeol as President
South Korea has now elected conservative Yoon Suk-Yeol as the next president, who campaigned on deregulating the country’s cryptocurrency industry. “The Hash” discusses the history of crypto in South Korea, which previously was subject to intense government scrutiny, and the possibility of Web 3 companies now creating operations in South Korea.
