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NBA Top Shot Maker Dapper Labs Commits $80M for Startup Acquisitions
Dapper Labs, the firm behind the Flow blockchain and NFT platform NBA Top Shot, is pursuing a series of acquisitions. Regulatory filings show it has raised $23 million toward a $71 million goal, with some of the funds being used to purchase a "young, scrappy" company. "The Hash" squad discusses the latest crypto mergers and acquisitions (M&A).
Sen. Elizabeth Warren Taking Aim at Stablecoins, DeFi During Senate Banking Committee Hearing
“The Hash” panel reacts to Sen. Elizabeth Warren (D-Mass.) criticizing stablecoins and decentralized finance (DeFi) in a Tuesday hearing with the Senate Banking Committee. Are stablecoins truly the lifeblood of DeFi, as Warren suggests, and without them, would open finance collapse as we know it?
Bank of America: Avalanche’s Scaling Capability Offers Viable Alternative to Ethereum
In its latest research report, Bank of America said smart contract platform Avalanche's ability to scale while remaining secure and decentralized makes it a credible alternative to Ethereum for DeFi projects, NFTs, gaming, and other assets. This comes as Avalanche's AVAX token is now the 12th largest by market value. "The Hash" hosts discuss the outlook for Avalanche and whether it could be the next Wall Street chain.
Nike Purchases NFT Fashion and Collectibles Startup RTFKT
NFT collectibles and fashion startup RTFKT has been acquired by multinational footwear behemoth Nike. Nike has been exploring blockchain tech since 2019, including patenting tokenized shoes. "The Hash" team discusses the implications for Nike making a major move into the metaverse in another step that accelerates Nike's digital footprint.
Sen. Warren Taking Aim at Stabelcoins During Senate Banking Committee Hearing
The Senate’s Banking, Housing and Urban Affairs Committee convened Tuesday to discuss stablecoins and the wider cryptocurrency space. Sen. Elizabeth Warren (D-Mass.) takes aim at stablecoins, saying it’s “propping up one of the shadiest parts of the crypto world…where consumers are least protected from getting scammed.”
The Evolution of DAO And What Mainstream Media Gets Wrong About Crypto
Matt Leising, the co-founder of blockchain tech firm DeCential, discusses the potentially false narratives about crypto in the media. Plus, insights into the evolution of decentralized autonomous organizations (DAOs), thoughts on the ConstitutionDAO project, and views on stablecoins.
Crypto Traders Laying Low While Fed Ponders
The crypto market extended its losses Wednesday as investors closely monitor the Fed's upcoming decision on raising interest rates next year. Edan Yago, lead contributor at bitcoin-focused DeFi platform Sovryn, discusses his view of bitcoin and DeFi. "The big picture of bitcoin hasn't changed," Yago said. "Inflation is still necessary to continue ... [but] there's been something of a pullback as the market waits to see what's happening."
Astro Boy NFTs Sell Out, Virtual Land Market Heats Up
China penalizes 48 people over Zhejiang province crypto mining activities. Nostalgia hits NFTs as the Astro Boy collection sells out. Virtual land market heats up. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Institutional Bitcoin Broker NYDIG Valued at $7B After Whopping $1B Funding Round
NYDIG, which offers bitcoin trading and custody, has raised $1 billion that will value the firm at over $7 billion. “The Hash” hosts discuss what could be the largest funding round in crypto history as NYDIG moves to expand bitcoin’s reach into every industry potentially.
Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan
Dogecoin surged as much as 33% after Tesla CEO Elon Musk tweeted the electric-car maker would accept the cryptocurrency as payment for its merchandise. This comes as Tesla experimented with bitcoin earlier this year. "The Hash" team discusses Musk's latest tweet moving the crypto markets in an ongoing testament to his influence.
