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Cleveland Fed: COVID-19 Stimulus Checks Fueled ‘Modest’ Jump in Bitcoin Price Last Year
The Federal Reserve Bank of Cleveland reported Friday only 0.02% of COVID-19 stimulus checks ended up in bitcoin, saying the relief funds fueled a “significant but modest effect” in bitcoin trading volume and price. “The Hash” panel digs into the data, discussing the role of crypto as a potential store of value.

Report: Turkey Plans to Present Law on Cryptocurrencies in October
The Turkish government plans to present a bill regulating cryptocurrencies to Parliament in October, Sabah reported. "The Hash" panel explores the potential scope for crypto regulation in Turkey and whether other countries are likely to develop their own crypto strategy. "While I do think that [Turkey] might be trying to protect consumers... I also do think it's more of a control thing," host Naomi Brockwell said.

Russian Industry Association Works to Attract Crypto Mining
The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB) is working with local authorities and state-owned enterprises to attract crypto mining firms to the country as they migrate away from China. "The Hash" hosts discuss bitcoin miners breaking new ground in Russia and neighboring Kazakhstan and the implications for the wider mining community.

Financial Experts: Stablecoins Risky Like ‘Wildcat’ Bank Practices of 19th Century
The world of stablecoins could evolve into one reminiscent of the 19th century’s free banking period in the U.S., according to Yale economist Gary Gorton and U.S. Federal Reserve attorney Jeffery Zhang. "The Hash" hosts discuss whether they agree with this assessment of stablecoins, given the historical context of free banking and what government control of the money supply has done.

Cubans Using Crypto to Help Compatriots Amid Health Crisis and Economic Embargo
As their economy collapses, some Cubans protesting their government are turning to bitcoin, USDT, litecoin, Tron, and bitcoin cash to get donations to people who need them.

Bank of America Reportedly Approves Bitcoin Futures Trading for Some Clients
Bank of America, the second-largest bank in the U.S., has approved the trading of bitcoin futures for some clients, according to CoinDesk's sources. "The Hash" hosts discuss Bank of America delving into the world of bitcoin futures despite a summer lull in the crypto markets. "It's interesting that we're not seeing institutional momentum necessarily slow down," host Zack Seward said.

The Demise of ‘OpenBazaar’ and Web 3.0's Future
The downfall of decentralized e-commerce OG OpenBazaar came as a disappointment to many who believed in the power of crypto to create Web 3.0. "The Hash" hosts react to OpenBazaar co-founder Brian Hoffman speaking to CoinDesk about the uncensorable marketplace's accomplishments and missteps. "I just don't think the world was ready for it," host Naomi Brockwell said. "[OpenBazaar was] just too early."

Binance Ditches Stock Tokens Amid Intensifying Global Crackdown
Crypto exchange Binance said stock tokens are unavailable for purchase on its website effective immediately, citing the need to focus on other products. This comes amid news Hong Kong is the latest jurisdiction to warn the exchange about its operations.

Square to Create New Bitcoin Platform for Decentralized Financial Services
Payments services firm Square will open a new business focused on creating an “open developer platform” to make it easier to provide non-custodial, decentralized financial services, CEO Jack Dorsey said Thursday in a series of tweets. The division’s “primary focus” would be bitcoin.

BIS, IMF, World Bank: Central Banks Must Consider Cross-Border Implications of CBDCs
In a paper published Friday, the Bank for International Settlements (BIS) said central banks worldwide should be focused more on cross-border settlement issues than domestic issues and on making central bank digital currencies (CBDCs) in different jurisdictions interoperable. “The Hash” hosts discuss surveillance concerns for CBDCs and the feasibility of the statements.
