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Dernières de William Foxley
Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin Is on 'Road to Irrelevance'
Crypto exchange Kraken said Wednesday it is laying off 30% of its global staff – around 1,100 people – in response to the crypto market downturn. Plus, officials at the European Central Bank write in a new blog post titled "Bitcoin's Last Stand," that the largest cryptocurrency by market cap "has never been used to any significant extent for legal real-world transactions."
Solana’s Top Crypto Wallet Looks to Ethereum, Polygon Next; Wrapped Ether Joke Spooks Crypto Twitter
Phantom, the leading crypto wallet in the Solana ecosystem, said it will add support for assets on the Ethereum and Polygon blockchains, with the roll out beginning in about three months. Plus, "The Hash" team breaks down an inside joke that spooked crypto Twitter about wrapped ether (wETH) being on the verge of insolvency.
Crypto Lender BlockFi Declares Bankruptcy Following the Collapse of FTX
BlockFi filed for bankruptcy protections Monday, days after suspending withdrawals amid the ongoing fallout from exchange FTX's bankruptcy. "The Hash" team discusses the latest developments as the crypto lender announced it was filing for Chapter 11 bankruptcy protections, indicating it hoped to restructure while continuing operations in the meantime.
Litecoin Surges; El Salvador Proposes Digital Securities Bill, Paves Way for Bitcoin Bonds
"The Hash" hosts discuss today's top stories including El Salvador's national assembly mulling a draft bill to regulate digital securities which could pave the way for issuing bitcoin-backed bonds. Plus, a closer look at Litecoin's breakout performance ahead of its mining reward halving.