THE HASH: Huobi Global to Be Acquired by About Capital; PayPal Says It's 'Not Fining People for Misinformation’
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 October 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
This episode is sponsored by ZenGo.
The most valuable crypto stories for Monday, Oct. 10, 2022.
Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets, has agreed to be purchased by Hong Kong-based investment company About Capital Management's M&A fund. Plus, PayPal addresses its acceptable use policy (AUP) notice update that a spokesperson said "included incorrect information" and sparked a debate online.
See also:
Crypto Exchange Huobi Global to be Acquired by About Capital
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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This episode is sponsored by Zengo. |
| 0:10.3 | This is the hash podcast. |
| 0:13.2 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with |
| 0:18.2 | stories that matter to the crypto world, all on the hash for your ears you're listening to |
| 0:25.0 | the coin desk podcast network hey there happy monday welcome to october 10th you are watching |
| 0:31.8 | coin desk tv it's the hash i'm zach seward we are here with you today. I'm joined by Will Foxley, David Morris, |
| 0:40.2 | and Jen Sanasi. Let's get this thing going. All right, David, you are starting us up today with a little |
| 0:46.7 | bit financial censorship stuff. Take it away. Yeah, a pretty crazy story unfolded starting on Friday and over the weekend. |
| 0:56.6 | PayPal published an update to its AUP acceptable use policy that indicated that any PayPal |
| 1:04.5 | user who was deemed to have been spreading misinformation would be fined $2,500 by the payments platform. Very quickly, PayPal issued a |
| 1:16.5 | statement that claimed this was an error, that this policy was never intended to be implemented. |
| 1:23.6 | We can discuss that. But we also have a lot of evidence that over the years, PayPal has, |
| 1:31.2 | whether or not it's an explicit policy, done something like this to various outlets and individual users. |
| 1:38.9 | And it's just another bit of financial censorship, as Zach said. |
| 1:43.1 | And then we have a tweet here from David Marcus, |
| 1:46.1 | formerly a high up in PayPal, saying that it is betraying its mission. So yeah, we have these |
| 1:52.4 | centralized services that are willing to take your money if it's politically convenient for them. |
| 1:57.5 | Lots to discuss here. Jen, you seem disgusted. Yeah, that's one way to put it. I think |
| 2:04.6 | this story highlights a lot of things for me. One is that so many people don't read the fine print. |
| 2:10.5 | I think I personally get emails from PayPal every week talking about updates to their terms of service. |
| 2:17.0 | And I'll be honest, |
| 2:17.8 | I don't read them all the time. And this was very jarring to read. The apology for the confusing |
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