This episode is sponsored by Ciphertrace.
"The Hash" hosts take a deep dive into today's top stories moving the crypto markets, including Binance saying it needs to "focus on talent density across its organization," as it responded Wednesday morning to a report of job cuts. Separately, a new blockchain token standard is allowing traders to convert their Ethereum-based non-fungible tokens (NFTs) to NFTs on the Bitcoin network. And, "The Hash" unpacks the results of a wager made at Consensus 2018 that hinged on how far Ethereum adoption would get by now.
Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.
This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”