Ep. 178 You Know What's Not Sad...
On this episode of the Unhashed Podcast, the gang is all back together again. We delve into a hubspot data leak, Malaysia eyeing legal tender BTC, sanctions against Russians, Terra purportedly buying $3 billion worth of bitcoin, and how black cats being less cute is why Chivo is offering discounted pet healthcare in El Salvador.
CRM (or customer relationship manager) software provider Hubspot experienced a data breach targeting its cryptocurrency platform clients. Among the clients affected included NYDIG, Pantera Capital, BlockFi, Circle and Swan Bitcoin. Hubspot issues a press release stating: “On March 18, we learned that a bad actor compromised a HubSpot employee account. While our investigation is still underway and we continue to learn additional details, our initial assessment suggests that data was exported from fewer than 30 HubSpot portals, all of whom have been notified. At this time, we believe this to be a targeted incident focused on customers in the cryptocurrency industry. We have terminated access for the compromised HubSpot employee account and removed the ability for other employees to take certain actions in customer accounts. We take the privacy of our customers and their data incredibly seriously.” Hubspot declined to list affected customers in its blog post, but affected customers have since let users know. Affected companies maintain customer funds are still safe and secure. User information was leaked to hackers, but passwords and other sensitive personal information were not.
Malaysia’s deputy minister of The Ministry of Communications and Multimedia (K-KOMM), Zahidi Zainul Abidin, addressed the lower bicameral branch of federal Malaysian legislature to present a call-to-action for Malaysian parliament to adopt cryptocurrencies such as bitcoin as legal transfer, according to Bloomberg. “We hope the government can allow this,” Zahidi stated. “We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.” This statement was made as a response to the question presented by Member of Parliament (MP) for Ledang, Syed Ibrahim Syed Noh, who questioned the government’s stance on non-fungible tokens (NFTs) with the burgeoning influx of traders in the asset class in Malaysia. “We hope the government can and try to 'legalize' (legally) this matter so that we can expand the participation of young people in cryptocurrencies and help them in terms of energy consumption and so on,"" Zahidi explained.
On March 10, 2022, an editor of Russian news publication Meduza, Kevin Rothrock, tweeted about youtube’s decision to cut off all Russian youtube creators from monetizing their content.
The Goldman Sachs Group executed its first OTC crypto trade through its trading partner Galaxy Digital Holdings Ltd.). This is the first such transaction by a major U.S. bank. The Bitcoin trade executed by Goldman is a non-deliverable option (NDO), also known as a cash-settled option. This means that when the option is settled, instead of receiving Bitcoin, the option-holder is given its cash value. Goldman's transaction marks a departure from the company's earlier digital trades for the derivatives marketplace CME Group and indicates its willingness to assume the added risk that comes with an OTC trade. An OTC trade is executed directly between counterparties without using a centralized exchange.
CoinTelegraph reports, “In a Twitter Spaces conversation with infamous Bitcoin pundit Udi Wertheimer, Do Kwon, co-founder of Blockchain protocol Terra, revealed that he planned to back his new TerraUSD (UST) stablecoin with BTC in addition to Terra's LUNA token. ""Haven't been following up with the exact numbers 'cause transactions we generally do this over OTC, but the current clip that we have to buy big coin is about $3 billion and well will add to that,"" he told Wertheimer about Terra's BTC acquisition plans. Those comments set the market alight as word spread, as sleuths eyed $125 million in Tether (USDT), seemingly tied to Terra already on the move.” A $3 billion purchase would equate to around 69,850 BTC at current prices. That would make Terra a larger Bitcoin holder than every corporate investor except MicroStrategy. ""I said more than I shoulda,"" Kwon conceded.
The Chivo pet hospital offers all pet services for only $0.25 if paid with Bitcoin https://www.youtube.com/watch?v=plhxQymsn7E
Samson’s departure https://twitter.com/Excellion/status/1498680531520827399
https://twitter.com/mHaGqnOACyFm0h5/status/1503878374615404547 (Yuval/nothingmuch)
https://twitter.com/resistancemoney/status/1491944419297153026
https://twitter.com/GeneSatoshi/status/1264286513514209280 (posted in chat by rax0m