The On The Block Podcast brings you the news and education about crypto in easy to understand terms. This is not "Investment Advice" please seek professional help with regards to trading and investing.
Welcome On The Block Family....! This is Episode 026.....
HONORABLE MENTIONS:
TOP FIVE STORIES
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Honorable Mention: Bankless Video..? Was the Bull run of 21 and BIG PONZI ??
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FTX CATASTROPHE & CRYPTO MARKET MELTDOWN (TAKEAWAYS) E23
The News of the week has to be FTX…FTX 1-5 but with On The Block we look at this as a “teachable moment”. Every news outlet and pundit has looked at what FTX has done and has piled in to make blanket indictments about Bitcoin, ETH and our space. For OTB our main mandate to our supporters is to educate and to share what we know so that all can benefit. So from here let’s talk about what was learned from this terrible news.
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META Embraces Arweave and Polygon, Permanent Storage and NFTs - E22
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Last week was a HUGE week for ETH so, you can guess who number ONE is for the week. After that, we have some news from the SEC, and then we talk about Do Kwon and his arrest warrant from South Korea. JP Morgan claims "Crypto" is worthless but we know better and evidently they are watching the space. Thanks again for the support. You can watch us on YouTube if you like.
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You only get one of the "Crypto Brother" today Steve has to hold it down as Caliph is out for this ep. KPMG reports that the Crypto Market is “Maturing”, MicroStrategy wants more BTC……Gov. Gavin Newsom of California is set to sign a recently passed bill into law which would require digital asset exchanges, and crypto companies to obtain a license to operate in the state. Coinbase is backing a Lawsuit against the U.S. Treasury Department. The SEC is adding Offices to focus on Crypto Assets. LIKE AND SUBSCRIBE FOR MORE CONTENT LIKE THIS 🔴 SUBSCRIBE 👉🏽 https://bit.ly/otb-subscribe 🦍 Follow Us On Twitter: https://bit.ly/OTB-twitter 📧 Join OTB Newsletter https://bit.ly/OTB-newsletter 🌎 Website: https://bit.ly/OTB-website
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FTX has the great honor of being in the TOP 5 for more than one story. It seems August has been a very busy month for the government authorities. The first story is provided but the The Block. FTX had a banner 2021/2022 and went from 90 million in revenue in 2020 to more than a BILLION in 2021. Sam Bankman-Fried confirmed this in a Twitter post. It’s pretty amazing that a company started in 2019 has done so well so quickly. The FDIC sent a “cease and desist” letter to FTX US and some other firms for making false claims. August has been a very busy month for the government especially in the US. This could be viewed as good news as the Federal Reserve has released guidance for some Crypto Firms and FinTech firms to open access to master accounts. The CEO of Coinbase stated in a recent article that he would shut down ETH Staking if threatened by regulators. South Korea’s (The Korea Financial Intelligence Authority) has sent a stern warning to all those who have transacted on unregistered service providers. The Tornado Cash saga continues and we have a lot to still unpack on this. A developer was arrested. One of the largest ETH Mining Pools has stopped mining blocks with Tornado Cash in them. Dutch Authorities arrested Alex Pertsev on the 12th of August for his part in developing the code used to create Tornado cash. Privacy advocates and his wife staged a demonstration in Germany to bring light to this unprecedented situation. Watch on YouTube
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Once again Michael Saylor is letting the world know he’s not interested in the chatter, nor is he a “lettuce hands” investor. It has been reported that the Goerli/Prater merge has taken place and has moved the goal of a Proof Of Stake ETH 1 step closer to a reality. We reported last week that it is the goal of Ethereum to be a fully functioning POS chain in quarter 4 of this year. MailChimp the email marketing platform owner by the HUGE accounting software company Intuit has been busy closing the accounts of some notable “Crypto” community members. On Sunday August 14th it was reported that the aUSD coin of the Acala network (on the Polkadot Network) was compromised by a “configuration issue with the liquidity pool”. It seem 1.28m of the coin was minted in error due to this bug. This news has far reaching ramifications, Tornado Cash the mixer used to launder millons of dollars has been targeted by U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). Tornado has been around for a while and is a decentralized protocol. Why does this matter? It matters because this protocol is NOT centralized and has no owner or CEO. It’s unprecedented that a protocol not controlled centrally has been neutralized. How was this done? Through the centralized protocol USDC (Circle) and the exchanges.
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Last week we reported on the “insider trading” Court Case lowered upon a former Coinbase employee and some of his family and friends. The important part of this case are the 9 tokens now believed to be securities. On August 3 a few days after Solana community members reported yet another hack, Slope.Finance has been named the reason for the breach. The “official statement” gives no reason for the “draining of community members wallets” only that they are working on finding out why the breach happened. The original “FORK” of the 2nd biggest Crypto in the world has gone up by more than 174% in the last month. On the heals of one of the biggest stories in crypto in 2022, Ethereum’s move from POW to POS (Proof of Work vs Proof of Stake) means new life for ETC which will remain a POW coin. As reported on in Coinbase’s Medium Post on Aug 4th. BlackRock is the largest investment management firm in the world to the tune of over 10 Trillion in assets. They are the biggest player in the world doing what they do and they influence all markets. The two companies (Aladdin and Coinbase Prime) will focus on delivering products and access to big institutional investors. Michael Saylor the BTC evangelist and creator of the firm MicroStrategy is stepping away from his CEO duties after 33 years at the helm.
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Russia China & BRINCS Look To DETHRONE US Dollar
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We breakdown the intricate world of crypto for the everyday person ON THE BLOCK! This week we discuss the EU Agrees on Comprehensive Cryptocurrency Regulations, Vitalik discussing the Ethereum merge, Tesla selling 800 BILLION in Bitcoin, the crypto market and more!
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This week's episode we discuss the upheaval and unrest in the economically torn Sri Lanka , Singapore getting into Defi, ETH 2 upgrades and more! Our Twitter: BOOKS DISCUSSED: The Bitcoin Standard - The Fiat Standard - Lyn Alden - Chapters: Crypto Market Update - 0:00Are we at the bottom? - 3:26Snoop Dogg Weeding Out the crypto market - 7:14Ethereum Testnet Merged To Proof Of Stake - 8:50Lynn Alden's Views On Inflation Crisis - 11:37Is Bitcoin REALLY a Hedge Against Inflation? - 19:28Singapore Central Bank Ready To Try DeFi - 30:54Can Bitcoin Save Sri Lanka's Economy? - 33:36Stock Market Pain To Come? - 55:54
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NY Bitcoin Mining Memorandum, OpenSea Insider Trading
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SEC CRACKDOWN ON CRYPTO...LUNA 3.0 ? and more......
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Luna-Connect , DKown-Connect, what ever you want to call it, it was historically bad downfall of an arrogant disruptor and the investors of the ecosystem. Follow Us: https://twitter.com/OnTheBlockPod_ CHAPTERS: 0:00 - Intro/ Market Crash Update 3:12 - Dangers of Listening To Influencers/ Missing The Top 15:20 - Financial Freedom Act Ensure Bitcoin 401K 20:55 - Germany Affirms Crypto Sold After 1 Year Tax Free 22:38 - 1.7 Billion Stolen From DeFi in 2022 24:28 - Elon and Saylor Underwater as Bitcoin Crashes 29:05 - LUNA and UST Collapse, Do Kwons Arrogance, What Happens Next? Watch Us On YouTube
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Welcome back to The Block! This episode we are discussing the big story of the week, Fort Worth Becomes the First City To Mine Bitcoin! All that and more see topics below in the chapters! Follow Us On Twitter: https://twitter.com/OnTheBlockPod_ #bitcoinmining #cryptoadoption ##bitcoinnews 0:00 - Intro/ Market Update 7:45 - Panama and Brazil and crypto friendly bills 14:01 - Euro Central Bank Says Crypto Is Lawless 18:18 - $2M Stolen in BAYC Instagram Hack 28:03 - SEC and Ripple Extend Case to 2023 23:30 - NY To Ban Bitcoin Mining 35:03 - State Of Ethereum Update Q1 2022 42:30 - Central African Republic Will Adopt Bitcoin As Legal Tender 45:40 - Fort Worth First City To Mine Bitcoin. Watch us on YouTube.
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We start off as usual with a market update (Top 10 only). Then we get to the top 5 of the week. Snoop Dogg drops a new NFT collaborating with the Clay Nation going from ETH rails to ADA rails. We talk a little about the Lighting Network. We talk about Kevin O'Leary and his now love for the Crypto Space. We talk HBar and the Whisper Protocol. We talk a little TRON. The Swan Signal Podcast with Max and Simon is another great resource of information we talk about ep 79. Goldman Sachs and other institutional Sharks are in route to CRYPTO...we show you. The top story though is why the IMF is afraid of BTC...Watch us YouTube.
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The Crypto Brothers start off with a quick Market Update. 40% of African Americans Use Crypto. Former SEC Director Corruption. Luna Foundation Buys $100 Million of Avalanche. BlackRock to handle $400 Million Round of Circle/ USDT. Jack Maullars Bombshell Announcement / Strike. Follow visually on YouTube
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We start our discussion looking at the market and then we get to the weeks news. Ursula von der Leyen, President of The European Commission is set to go to war against non custodial crypto wallets like Ledger and Trezer. You can also watch us on YouTube
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"The Crypto Brothers" Caliph and Steve start off by talking about the market a bit. From their, the duo start off talking about the IMF and the pressure it is putting on Argentina to control it's Crypto Aspirations...(NLW from CoinDesk starts the conversation). We then talk about the Brenton Wood 3 Thesis. This too is NLW (Breakdown on CoinDesk) this is a breakdown of an article written by Zoltan Pozsar. Next up, is Goldman Sachs and its first OTC crypto options trade. We spend a little time talking about ETH being burned (6 million), Hacker news, Texas BTC mining, NFTs being stolen, and how BlackRock is coming to crypto. The top two stories are Janet Yellen warming up to Crypto, and Terra LUNA backing BTC with 10 Billion in reserves.
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Thank you for giving us some of your time. "The Crypto Brothers" Steve and Caliph combine forces in to bring to the world Ep 001 of the "On The Block Podcast". Today we discuss Coinbase and ApeCoin along with the Web 3 Kings. Please note, the views given are not investment advice.
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