THE HASH | Cathie Wood Says U.S. Is ‘Losing’ the Bitcoin Movement; Crypto’s Fentanyl Trade Worth Tens of Millions

The most valuable crypto stories for Wednesday, May 24, 2023.

This episode is sponsored by Ciphertrace.

“The Hash” hosts weigh in on the biggest stories shaping the crypto industry today, including ARK Invest founder Cathie Wood says the U.S. is ‘losing’ the bitcoin movement due to regulation. This comes as Elon Musk offers a warning about dogecoin. Separately, TRM Labs notes that attacks on token protocols and crypto projects dropped 70% in Q1 2023 compared to the same period last year. And, new research from both Chainalysis and Elliptic have put a number on how much fentanyl trade is done in crypto.

See also:

U.S. Is ‘Losing’ the Bitcoin Movement: Cathie Wood

Cathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?

Attackers Left Empty-Handed as Crypto Hacks Drop 70% in Q1 2023

Crypto Hacks Are Down and Hackers Tend to Return Stolen Money: TRM Labs Report

Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers

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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 Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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