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Amazon Denies Report It Plans to Accept Bitcoin by End of Year

Amazon has denied the City A.M. report it plans to accept bitcoin payments by the end of the year. While many cited the report as one reason for bitcoin's rebound, the price began retracing some of its gains after a spokesperson for the retail giant confirmed it is false. "The Hash" panel examines the speculative and reactionary nature of bitcoin, discussing Amazon's potential hurdles on the path to crypto adoption.

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Bug Found in Decoy Algorithm for Privacy Coin Monero

A “significant” bug with the potential to expose users’ transactions has been spotted in the decoy selection algorithm of monero, a cryptocurrency known for providing users privacy. "Monero really [does] have a commitment to being the most private currency [it] can be," host Benjamin Powers said. "And that this all the more discouraging, unfortunately."

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Shopify to Allow Merchants to Sell NFTs Directly Through Their Stores

Shopify, which powers the e-commerce sites of over 1.7 million businesses worldwide, announced Monday it is now allowing merchants on its platform to offer non-fungible tokens (NFT) directly to customers, with the NBA's Chicago Bulls being one of the first to sell. "The Hash" team unpacks the story as it potentially opens digital assets to much wider adoption.

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Crypto Fintech Eco Raises $60M for High-Yield USDC Savings App

The a16z-backed Eco, a fiat deposit-taking, cashback-granting digital wallet and stablecoin lender, which loans out users’ deposits in USDC, raises another $60 million to propel its crypto-powered banking app. "The Hash" discuss the outlook for Eco as regulators turn up the pressure on stablecoins.

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Huobi Shuts Down Beijing Entity Amid China's Crypto Crackdown

As Chinese authorities crack down on local mining operations, other crypto fields appear to be impacted, including exchanges and media platforms, which could be driving massive selloffs in Chinese tech stocks. Huobi is the latest crypto exchange to be hit, dissolving its Beijing entity on July 22 and deregistering in 45 days. Why is China tightening the reins on crypto and Big Tech? "It's all about control here," host Naomi Brockwell said.

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USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report

USDT has largely held its dollar peg since Bloomberg reported Monday the U.S. Department of Justice is investigating Tether, the issuer of the largest stablecoin, for possible bank fraud. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments in the ongoing investigation and what to watch for.

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Should We Be Worried About Tether?

Bitcoin is up about 25% over the past week, despite pulling back after approaching the $40K resistance level on Monday. Frances Coppola, author of "The Case For People's Quantitative Easing," discusses the potential reasons behind bitcoin's bounce. Plus, breaking down the proposed systemic risks of Tether and how it could impact the wider financial markets. "It is a worry," Coppola said.

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Huobi Deregisters Beijing Entity; K-Drama Takes Crypto Back in Time

Huobi applies to deregister its Beijing entity in China. Facebook in hiring mode for its Novi digital wallet project in the Philippines. K-drama gets set to take crypto back in time. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Why ‘Wolf of Wall Street’ Jordan Belfort Thinks Tether Is a Scam

Jordan Belfort, the former stockbroker known as the “Wolf of Wall Street” and current crypto bull, discusses why he thinks stablecoin USDT issuer Tether is a scam. “I’ve been saying that since 2017 that I thought there was a big problem with Tether,” Belfort said.

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Will Bitcoin Hold Above $40K?

Bitcoin is currently trading its sixth consecutive day in the green after briefly breaking above $40K Monday for the first time since June 16. Trade The Chain Research Analyst Nick Mancini discusses the potential factors driving bitcoin’s rally, examining whether the surge is sustainable in the short term.

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