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The correction in digital asset markets last year led to a shift in focus and capital from speculative trading to projects with real-world functionality, but decentralized finance’s (DeFi) current functionality "barely scratches the surface," Bank of America (BAC) said in a research report Wednesday. The banking giant added that developer activity and adoption are part of the key to success.  "The Hash" panel discusses the key takeaways of the report.

Feb 9, 2023

Tether, issuer of the world's largest stablecoin, reported a $700 million profit in the fourth quarter of 2022 and said it completely moved away from holding commercial paper as part of the reserves backing its USDT token. "The Hash" panel discusses the latest from Tether and the larger implications for the stablecoin market.

Feb 9, 2023

LDO, the governance token of the decentralized autonomous organization behind Lido, spiked after Coinbase CEO Brian Armstrong tweeted that he'd heard rumors that the U.S. Securities and Exchange Commission (SEC) might ban retail investors from engaging in cryptocurrency staking. The Lido protocol, governed by the LDO token, allows for the staking of ether. "The Hash" panel discusses the latest in the world of crypto regulation.

Feb 9, 2023

LocalBitcoins, one of the longest-running bitcoin exchanges, is set to close this month in response to the "ongoing very cold crypto winter," roughly a decade after its inception. "The Hash" panel discusses the latest firm hit by the downturn in the crypto markets.

Feb 9, 2023

After several days of deliberation, the nine-person jury in the copyright infringement trial between Hèrmes and non-fungible token (NFT) artist Mason Rothschild ruled Wednesday in favor of the French luxury brand. The jury also decided the NFTs were not protected under the First Amendment of the U.S. Constitution, as Rothschild's lawyers had argued during the trial. Enclave Markets General Counsel and Chief Compliance Officer Olta Andoni discusses the verdict.

Feb 9, 2023

In November, online investing platform Bnk To The Future terminated its planned acquisition of SALT Lending after the latter informed customers it would pause withdrawals and deposits on its platform due to an unspecified exposure to FTX. SALT Lending CEO and Director Shawn Owen discusses the current status of withdrawals and deposits after the crypto lender recently closed a $64.4 million Series A funding round.

Feb 9, 2023

Network activity on the Bitcoin blockchain has hit a level not seen since China banned crypto miners in May 2021, according to data from CryptoQuant. The uptick stems from the popularity of the Ordinals protocol, which allows NFTs to be stored on Bitcoin. Okcoin Chief Operating Officer Jason Lau reacts to the report.

Feb 9, 2023

French luxury brand Hermès won a landmark trademark lawsuit against "Metabirkin" NFT artist Mason Rothschild. Enclave Markets General Counsel Olta Andoni weighs in on the outcome and compares the trademark dispute to Andy Warhol's Campbell's Soup Cans artwork, noting "there's a lot more artistic relevance there."

Feb 9, 2023

A Manhattan federal jury concluded that non-fungible token (NFT) artist Mason Rothschild's "Metabirkin" NFT collection violated Hermès' trademark rights. "Just because you are creating digital art doesn't mean no consumer protections are applicable," Enclave Markets General Counsel and Chief Compliance Officer Olta Andoni said.

Feb 9, 2023

Bitcoin exchange LocalBitcoins is set to close this month amid the "ongoing very cold crypto winter." Okcoin Chief Operating Officer Jason Lau weighs in on how this could impact the market and crypto sector overall.

Feb 9, 2023