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What 9.1% Inflation Means for Your Wallet and Crypto
The U.S. Consumer Price Index (CPI) rose 9.1% in June, accelerating from May's 8.6% pace to a fresh 40-year high. "The Hash" panel unpacks the latest inflation report and discusses what this means for everyday consumers, investors and crypto markets.
Mila Kunis-Linked Web3 Studio Exploring Entertainment NFTs; Tony Hawk Skates Into the Metaverse
Toonstar, the Web3 animation studio that co-produces The Gimmicks with Mila Kunis’ company Sixth Wall is hoping to take Web3 mainstream through entertainment non-fungible tokens (NFT). Separately, famed skateboarder Tony Hawk announces plans to create the “largest virtual skatepark ever made” in The Sandbox.
Vitalik Buterin Strikes Back at Proof-of-Stake Critics
Ethereum co-founder Vitalik Buterin took to Twitter to defend the blockchain’s historical move to proof-of-stake (PoS), responding to critics suggesting digital assets secured by such consensus mechanisms are securities. “The Hash” team discusses Buterin’s comments ahead of the upcoming merge.
Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
Celsius Network, the troubled crypto lender, “is deeply insolvent,” alleges the U.S. state of Vermont’s Department of Financial Regulation (DFR), noting the lender lacks the assets and liquidity to honor its obligations to account holders and other creditors.
This 21-Year-Old Student Wants His Locked-Up Funds Back From Voyager Digital
The implosion of Voyager Digital has stung trading firms and retail investors after the crypto broker filed for bankruptcy last week.
3AC Founder Briefly Surfaces; Buterin Defends Ethereum
Court gives Three Arrows Capital liquidators permission to claim US assets. Celsius pays off USDC loan on Aave, unlocks over $415 million in collateral. Buterin defends proof-of-stake blockchain ahead of Ethereum merge. Lightspeed launches $500 million fund for India and South East Asia.
Legal Ramifications of Using NFTs as Collateral for Secure Loans
NFT lending is becoming a big business, despite the recent crypto rout. Anderson Kill Associate Attorney Jeff Karas discusses the legal implications of using NFTs as collateral for secured loans.
Bitcoin Dips Below $20K as Inflation Hits 9.1%
Bitcoin has sunk below $20,000 after U.S. inflation hit a new 40-year high at 9.1% in June. CoinDesk Markets Managing Editor Brad Keoun discusses the impact of rising inflation on the crypto markets and global finance.
WisdomTree Exec on Future of U.S. Bitcoin Spot ETF Race
WisdomTree Head of Digital Assets Will Peck discusses his take on the U.S. spot bitcoin ETF race following a string of rejections from the SEC, sharing an update on the asset manager's application. Plus, reactions to BlockFi no longer accepting Grayscale Bitcoin Trust (GBTC) as collateral and crypto markets outlook.
How Crypto Mining Is Impacting Power Grid in Texas
Crypto miners in Texas are shutting down operations as the state’s electrical grid braces for a heat wave and surging power demand. Steve Kinard, director of bitcoin analytics at Texas Blockchain Council and Joshua Rhodes, The University of Texas at Austin research associate, discuss what this means for the mining community in Texas and beyond.