THE HASH: Headlines - Top Stories of the Week 08-27-22
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 27 August 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
A roundup of the week’s most valuable crypto stories for Saturday, Aug. 27, 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:
- Popular Uniswap Frontend Blocks 253 Crypto Addresses Related to DeFi Crimes
- SEC's Gensler Says 'No Reason' to Treat Crypto Differently From Rest of Capital Markets
- YouTuber BitBoy Crypto Sues Atozy for Defamation
- NFTs Are Coming to the Candy Aisle
Links to the headlines:
Popular Uniswap Frontend Blocks Over 250 Crypto Addresses Related to DeFi Crimes
Former CFTC Chair: Here's How SEC and CFTC Can Work Together to Regulate Crypto
YouTuber vs. YouTuber: BitBoy Crypto Sues Atozy for Defamation
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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
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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.”
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Transcript
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| 0:00.0 | You're listening to the Hash headlines on the CoinDest Podcast Network. |
| 0:08.1 | Get caught up on this week's top stories from the Hash crew. |
| 0:14.0 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 0:22.8 | Monday's top story. |
| 0:25.8 | Oh boy, happy Manic Monday, everybody. |
| 0:28.1 | I hope you guys had a fantastic weekend. |
| 0:31.1 | So we have to talk about FTX because apparently they grew revenue 1,000% during the crypto craze, according to leak financials |
| 0:40.6 | from CNBC. And I kind of feel like a lot of people were able to thousand times their revenue. |
| 0:47.4 | However, some of us, including myself, are not able to keep all of that profit. But let's go |
| 0:52.5 | ahead and cover some stats. |
| 0:55.2 | Okay, I'm just being honest. Moonbag's down bad and if T's down bad, |
| 1:00.2 | we are going to make it wag me. So internal documents seen by CNBC reveal that FTX revenue |
| 1:05.3 | grew more than a thousand percent from 89 million to 1.02 billion in 2021. Operating income was 272 million up from 14 million in |
| 1:15.9 | 2022. Total net income of 388 million up from just 17 million in 2020. And around two-thirds of |
| 1:23.1 | revenue came from futures trading, well, up to 16% came from spot trading. Make sure you guys are utilizing |
| 1:29.9 | safe practices while trading, especially futures. The investor deck also shows that FTCS brought in |
| 1:36.9 | 270 million revenue during quarter one of 2022 and is on track to do roughly $1.1.202. |
| 1:43.6 | Documents show they had $2.5 billion cash at the end of |
| 1:46.7 | 2021 and 27% margins, but it's still kind of unclear how they held up during quarter to. |
| 1:52.9 | Zach, go ahead. |
| 1:54.3 | Crazy to think about how young a company FTX is. I think we forget it, but this is a company |
| 1:58.8 | that was started in 2019. I think FTX US has been |
... |
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