Author: CoinDesk

The most valuable crypto stories for Monday, Feb. 13, 2023. 

"The Hash" panel weighs in as the price of DigiDagaku's non-fungible token (NFT) is rising on the secondary market after the project’s expensive commercial aired during the Super Bowl last night; bankrupt Genesis Global Holdco unveiled the final details of a proposed plan to sell itself and Genesis Global Trading to help parent Digital Currency Group pay off some of the firm's creditors. Plus, Digital asset platform Bakkt will discontinue its two-year-old consumer-facing app as its focus shifts toward business-to-business tech services. 

Disclaimer: DCG is also the parent company of CoinDesk. 

See also: ​​

DigiDaigaku NFTs' Price Rises After $6.5M Super Bowl Ad

Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors

Digital Asset Platform Bakkt to Discontinue Consumer App After Two Years

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Paxos announced it will cease issuing BUSD after action by the NYDFS.

Last week, rumors swirled that Paxos was the next target for regulatory action. On Sunday, the Wall Street Journal reported the Securities and Exchange Commission was preparing a suit accusing the company of issuing an unregistered security. Then on Monday, the New York-regulated company announced it would cease issuing Binance USD after the state banking regulator said Paxos couldn’t do so in a safe and sound manner. 

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: ZU_09/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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Erika Wykes-Sneyd joins “Gen C” this week and discusses how her passion for Web3 resulted in her creating the Adidas /// Studio dedicated fully to Web3 initiatives.

As a seasoned marketer, Erika’s career prior to Adidas includes Playstation, Google, Uber and Paypal where she was at the forefront of launching brands and initiatives that have had a large impact in culture. Her current role at Adidas was one that she championed herself to create by showcasing the value of Adidas having a Web3 strategy. Since she joined, Adidas has executed successful launches such as ‘Into the Metaverse’ and collaborations with Bored Ape Yacht Club, Prada, GMoney and others.

Links mentioned from the podcast: 

• Reddit Super Bowl tweet

Follow us on Twitter: 

• Sam Ewen
• Avery Akkineni
• CoinDesk
• Vayner3

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code GENC to get 15% off your pass. Visit coindesk.com/consensus

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Adrian Blust, Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

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How a set of new technologies are converging. 

On this week’s “Long Reads Sunday,” NLW reads:

“A Pragmatic View of ChatGPT in a Web3 World” by Jesus Rodriguez 

“How Bitcoin NFTs Might Accidentally Fix Bitcoin's Security Budget” by George Kaloudis 

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Screenshot of ordinals.com feed, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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A roundup of the week’s most valuable crypto stories for Saturday, Feb. 11, 2023. 

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

• LocalBitcoins to Close Down Amid 'Very Cold' Crypto Winter
• Binance Setting Up Consortium to Try to Rebuild Trust in Crypto
• Judge Denies Bankman-Fried's Bail Modification Proposal
• a16z Rejects Proposal to Deploy Uniswap v3 to BNB Chain

Links to the headlines:  

Bitcoin Exchange LocalBitcoins to Close, Citing Market Conditions

Binance Is Organizing a Consortium to Try to Rebuild Trust in Crypto: Source

Sam Bankman-Fried Appeals Judge’s Decision to Reveal Names of His $250M Bond Backers

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Kraken has agreed to end its staking-as-a-service program in the U.S. and pay a $30 million fine. 

On this edition of the “Weekly Recap,” NLW goes over the latest front in the crypto wars. On Thursday, the Securities and Exchange Commission announced a $30 million settlement with Kraken over their staking-as-a-service program. The move is rumored to be part of a much larger offensive against crypto involving numerous government offices. 

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Alex Wong/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The most valuable crypto stories for Friday, Feb. 10, 2023. 

"The Hash" panel weighs in as U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the country and cough up a $30 million fine. This comes as SEC Commissioner Hester Peirce issued a public dissent to her agency’s latest enforcement action. Plus, a closer look at PayPal's bitcoin holdings. And, a popular song released by Rihanna offered as a non-fungible token (NFT) through a Web3 music startup.

See also: ​​

What Does Kraken's SEC Settlement Mean for Crypto Staking?

SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce

Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A recent history of the Office of the Comptroller of the Currency and the weaponization of the banking system against crypto.

The crypto industry is increasingly facing a U.S. banking system that has been weaponized against it. In this second part of a two-part special, NLW looks at the post-Brian Brooks era at the Office of the Comptroller of the Currency, and examines how crises like Luna and FTX have changed the situation. 

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Lusky/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A positive theme emerged after the FTX blowup: the survival of decentralized finance, or DeFi.

On this episode of “Money Reimagined,” Michael Casey and Sheila Warren are finally together again and are joined by Colin Butler, Polygon’s global head of institutional capital, to discuss “bringing the world to Ethereum.”

If you're unfamiliar with Polygon, it's a blockchain designed to interact directly with Ethereum to help improve some of its inefficiencies and scaling issues. Powered by Ethereum's blockchain, Polygon provides a bridge between different Ethereum-based projects, enabling developers to build scalable, user-friendly dapps without compromising security.

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Agencies across the federal government have launched a coordinated campaign to pressure banks into not serving crypto customers.

Operation Choke Point was an Obama-era initiative that put political pressure on banks and financial institutions to deny service to out-of-favor industries. Something similar is happening again with intense pressure being exerted for banks not to service the crypto industry. On this first part of a two-episode special, NLW looks at what’s happening, as well as the key recent history of the Office of the Comptroller of the Currency, the U.S.’ main banking regulator. 

CORRECTION NOTE: At the 4:18 mark, NLW states: “At present there are two outstanding applications for licenses to operate national trust banks from Anchorage and Paxos, and these applications appear likely to be rejected by the OCC.”

This was a mis-statement. Anchorage Digital is the only operational OCC-chartered digital asset bank, with their charter was approved by the OCC in January 2021. Paxos and Protego are the outstanding applications. This line has now been removed from the audio.

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Lusky/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.