THE HASH: Binance Reportedly Almost Closed U.S. Arm; GameStop Says Goodbye to Crypto Wallets

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4.7 • 698 Ratings

🗓️ 2 August 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Wednesday, August 2, 2023. "The Hash" tackles today's hot topics, including The Information reporting Binance CEO CZ nearly closed the exchange's U.S. operations to protect the wider company. The Kenyan government has suspended Worldcoin activity, citing security and privacy concerns. Security firms are floating proposals to prevent future loans against $158 million worth of curve (CRV) tokens on Aave. And, GameStop will remove its support for crypto wallets due to regulatory uncertainty. See also: Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor CFTC Overreached in Suing Binance, Crypto Exchange Says Worldcoin Suspended by Kenya on Financial Security and Privacy Concerns Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes GameStop to Remove Crypto Wallets Citing 'Regulatory Uncertainty' This episode has been edited by senior producer Michele Musso and the 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.

Transcript

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0:00.0	This is the hash podcast.
0:10.4	Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more.
0:15.7	All on the hash for your ears.
0:19.2	You're listening to the Coin Desk Podcast Network.
0:23.8	Welcome to the hash, everybody.
0:25.4	You're watching CoinDestTV.
0:27.2	I'm Zach Seward.
0:28.0	We got Wendy O.
0:28.8	We got Sam Kessler.
0:30.0	We got the news of the day to get to, and it is going to be fun.
0:35.5	Let's do this thing.
0:36.2	I'm starting to soft.
0:37.0	We're doing a quick update on Binance. According to a report in the information, finance nearly shuttered its
0:42.2	U.S. operations to protect its global bread and butter now. Binance is a top dog when it comes
0:47.9	to crypto volumes globally. And they decided maybe at one point to cut off the U.S US to preserve the breadwinner of the global brand.
0:57.5	According to the information, at least, that was not able to be decided upon.
1:02.4	And the finance US continues apace.
1:05.1	So we'll talk about that one first.
1:06.2	And then we'll shift gears and talk about some really interesting data about finance still being quite operational
1:11.5	in China despite an alleged crypto ban over there. Let's talk about the U.S. thing first,
1:16.2	and then we'll shift gears over to China. Wendy, what do you think about this report from the
1:19.6	information and what's being alleged here? Smart move, bad move? I don't blame them. Why would you
	...

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