THE HASH: Headlines - Top Stories of the Week 08-20-22

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 20 August 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

A roundup of the week’s most valuable crypto stories for Saturday, Aug. 20, 2022. 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: Galaxy Digital Abandons $1.2B Plan to Acquire BitGo Bitgo to Sue Galaxy Digital DCG Company Genesis Cuts 20% of Staff Amid Crypto Winter Coinbase Could Shut Down ETH Staking Under Regulatory Pressure Links to the headlines: Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits Coinbase CEO Suggests Exchange Won't Censor Transactions on PoS Ethereum I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.” 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:52.9	You're listening to the hash headlines on the CoinDest Podcast Network.
0:57.8	Get caught up on this week's top stories from the hash crew.
1:03.6	And just a reminder, CoinDesk is a news source and does not provide investment advice.
1:12.7	Monday's top story.
1:17.8	All right, we're going on over to Galaxy Digital Land.
1:21.9	They have abandoned their $1.2 billion plan to acquire crypto custody firm Bicko.
1:30.6	Their crypto-focused financial services firm says Bickco has $1.2 billion plan to acquire crypto custody firm BITCO. Their crypto-focused financial services firm says BITCO has failed to provide financial statements by the July deadline. So we'll remember that
1:36.4	the deal was announced in May 2021. It was supposed to be closed by the end of the year. BitGo was
1:41.9	required to send audited financial statements for 2021 by July 31st,
1:47.2	and they did not do so. So the deal is kaput. Wendy, I'm going to throw this one down to you.
1:54.5	We do look so nice and yellow in this column here on the left-hand side of the screen. I love it.
1:59.2	We should match more often. Wendy,
	...

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