THE HASH: Blue Chip Firms Join Global Blockchain Network; World Effect of Soaring Bitcoin Network Fees

The most valuable crypto stories for Tuesday, May 9, 2023.

This episode is sponsored by Ciphertrace.

“The Hash” tackles today’s hot topics: Private equity giant Apollo is part of a bid to buy bankrupt crypto lender Celsius. Fintech firm Digital Asset is launching a blockchain network with some big names like Microsoft, BNP Paribas and Deloitte, among others. Pudgy Penguins raises millions in new capital for its NFT project. Global consequences are being felt as transaction fees on the Bitcoin network surge.

See also:

Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm Celsius

Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and Others

NFT Project Pudgy Penguins Raises $9M

Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar

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.

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This episode has been edited by senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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