Bloomberg
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Crypto billionaire Jihan Wu, the founder of bitcoin mining rig maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, according to Bloomberg. "The Hash" panel discusses what this means for the mining industry.
China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset
Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg. Authorities in China's Hunan province arrested 93 people for allegedly laundering up to RMB 40 billion ($5.6 billion) using crypto. Digital assets continue to act as risk assets, falling as global interest rates rise, Bank of America (BAC) said in a research report Friday.
Binance Eyes License to Operate in Japan: Report
According to Bloomberg, Binance is eyeing a license to operate in Japan four years after exiting the country. "The Hash" team discusses what this means for the world's largest crypto exchange by trading volume and why Japan is seeing renewed interest in crypto.
Interpol Issues Red Notice for Do Kwon: Report
Interpol has issued a red notice for Terraform Labs co-founder Do Kwon, according to Bloomberg. “The Hash” panel discusses what this means for the wider crypto ecosystem.
South Korea Reportedly Asks Interpol to Issue Red Notice for Do Kwon; UK Regulator’s FTX Warning
According to a Financial Times report, authorities in South Korea are asking Interpol to issue a “red notice” for Do Kwon, the co-founder of the now-defunct stablecoin issuer Terraform Labs, as his current location is unknown.
FTX CEO Sam Bankman-Fried Addresses Crypto Bailout Outcomes Amid Recent Market Volatility
FTX CEO Sam Bankman-Fried said in a recent interview with Bloomberg that his crypto bailouts had "mixed" results. "The Hash" panel discusses the deals he made during the market downturn and his visit to the White House in May as lawmakers debated which government agency should be the crypto industry's primary federal market regulator.
Crypto VC Electric Capital Taps Former SEC Chair Jay Clayton as Advisor: Report
Electric Capital, a crypto-focused venture capital firm that raised $1 billion for two new funds earlier this year, has named former Securities and Exchange Commission (SEC) Chairman Jay Clayton as an advisor, according to Bloomberg. "The Hash" hosts discuss the news as it appears the trend of regulatory experts sliding over to jobs in the crypto industry continues.
Coinbase Shares Tumble Amid Reported SEC Investigation
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) is probing crypto exchange Coinbase (COIN), a publicly traded company it oversees, on suspicion it allowed U.S. persons to trade unregistered securities. COIN shares dropped as much as 15% upon the news. ""The Hash"" panel discusses what this means for Coinbase and the future of crypto regulation.
Bloomberg Integrates Elwood Technologies' Crypto Platform Into Buy-Side Order System
The integration will be available to mutual clients of Elwood and Bloomberg in Q2 of this year.
Grayscale Launches First Equity ETF Tracking New Joint Index With Bloomberg
New York-based asset manager Grayscale has launched the first equity exchange-traded fund (ETF) tracking the Bloomberg Grayscale Future of Finance index. This comes amid a pending SEC approval to convert its flagship Grayscale Bitcoin Trust into a bitcoin spot ETF.