CoinDesk Podcast Network: Recent Episodes

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Noelle Acheson, author of the Crypto is Macro Now newsletter, discusses Franklin Templeton’s bitcoin spot ETF filing, prediction markets and jobs.

Today's episode is sponsored by Kraken Pro.

Today’s Stories:

Franklin Templeton Joins Spot Bitcoin ETF Race

Gensler Hearing Shows Key Senate Democrat Digging in Heels on Crypto

Top 100 Asset Manager Managers by Managed AUM - SWFI

How Much? How Long? Where’s it Going? Prediction Markets is Now Live at BitMEX

BitMEX's Prediction Market Is Now Live

48.00 (P_XBTETFV23) Trade - BitMEX

Ripple Will Do 80% of Its Hiring This Year Outside the U.S: Bloomberg

Coinbase Targets Regulatory Clarity in International Expansion Plan

OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end -BofA | Reuters

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It’s been a busy year for USDC issuer Circle, with several new product launches and partnerships, a crypto banking crisis to contend with, the entry of PayPal into the stablecoin business, and plenty of new global regulatory developments, including a bill in the U.S. now making its way through Congress. Circle co-founder and CEO Jeremy Allaire joins Unchained for an in-depth discussion on the reasons behind Coinbase’s investment in Circle, how Circle has emerged stronger from the banking crisis, what he thinks of PYUSD, what he likes and doesn’t like about the current U.S. stablecoin bill, and his thoughts on what the final bill will look like.

Show highlights:

  • Why Circle and Coinbase created the Center Consortium and why Coinbase acquired a stake in Circle?
  • Whether Circle is aiming to be acquired or become a public company, and why Jeremy is pursuing a "multi-decade" strategy.
  • Why Circle partnered with MercadoLibre and the stablecoin usage in Latin America?
  • How the company has been supporting developers to build applications.
  • Why Circle is launching native USDC on so many new blockchains?
  • What the purpose of cross-chain transfer protocol (CCTP) is and what the big problems with bridges are.
  • How Circle responded to Silicon Valley Bank’s collapse and why the world began to feel that "it's not safe to be exposed to the US."
  • Jeremy's thoughts on the launch of PayPal's stablecoin, PYUSD.
  • Why is having stablecoin legislation a "national priority," according to Jeremy?
  • Why Jeremy is a proponent of a fully reserved banking system?
  • Why did he think the US needs to "aggressively" take action to preserve the global reserve currency status of the US dollar?
  • How China’s national digital currency is likely to develop.
  • How crypto can provide a better way of support identity without giving up privacy?
  • Why blockchain technology is much more than just a financial regulatory matter?

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Noelle Acheson, author of the Crypto is Macro Now newsletter and former head of research at CoinDesk, discusses potential market selling pressure, crypto fund outflows and today’s testimony by SEC chair Gary Gensler.

Today's episode is sponsored by Kraken Pro.

Today’s Stories:

OPEC Oil Data Show 3 Million-Barrel Supply Shortfall as Saudi Arabia Extends Cut - Bloomberg

ECB Interest Rate Decision Suspense Intensifies With Officials Split - Bloomberg

Cryptocurrency Altcoin Crash Is Coming: Matrixport

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

Volume 148: Digital Asset Fund Flows Weekly Report | by James Butterfill | Sep, 2023 | CoinShares Blog

Defiant Gensler Returns to Crypto Grievances Ahead of Senate Testimony

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This week on “Gen C,” we spoke with Julie Allen of Howard Hughes Corporation, a major real estate developer exploring Web3 technologies. We discussed how Howard Hughes is leveraging innovative technologies to bridge digital and physical experiences, from VR tours to NFT scavenger hunts.

Julie Allen, SVP of Digital and Creative at real estate company Howard Hughes, joins the podcast this week to discuss how a real estate company is innovating in Web3. Julie shares how she got involved in crypto in 2013 and has since been an advocate for bringing Web3 technology and AI to enhance Howard Hughes' physical spaces and to improve the experience of viewing or buying a home for potential buyers.

Links mentioned from the podcast:

  • Cheese-Makers Track Their Parmesans By Embedding Edible, Blockchain-Enabled Microchips
  • OnlyFans Users Spent $5.6 Billion on Porn-Friendly Creator Site in Fiscal 2022, up 16%
  • Walmart Partners With People Of Crypto Lab To Celebrate Hip-Hop And Black Culture In The Metaverse
  • Julie’s Twitter
  • Howard Hughes Website

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The regulator has now announced delays for all six of the new ETF applications.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants

U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin

SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity

U.S. Court Calls ETH a Commodity While Tossing Investor Suit Against Uniswap

Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, August 30, 2023.

Lawyers for the Department of Justice said in a Tuesday legal filing that Sam Bankman-Fried’s plan to argue his lawyers approved alleged fraud during his time at FTX should be struck down for being “irrelevant." "The Hash" panel discusses the FTX founder's defense strategy and the latest developments in Bankman-Fried’s case.

See also:

Sam Bankman-Fried’s Planned Defense ‘Irrelevant’ Without More Details, Govt Says

All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ

Crypto Exchanges Saw Inflows of 30K Bitcoin Prior to Grayscale's SEC Victory

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The U.S. Securities and Exchange Commission must review its rejection to convert the Grayscale Bitcoin Trust into an exchange-traded fund, the appeals court ruled Tuesday.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: Bitcoin Rallies on Grayscale Court Win Over SEC

Grayscale’s Victory Ignites a GBTC Trading Frenzy as Investors Bet on Narrowing Discount to Bitcoin Price

It's a Bullish Double Whammy for Bitcoin, but Caution Still Warranted

Grayscale Ruling Does Not Guarantee Bitcoin Spot ETF Approval, Traders Say

SEC’s Grayscale Court Rout Puts Agency in Will-They, Won’t-They Role Starring Gensler

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Following a court ruling, the SEC must review its denial of Grayscale Investments' attempt to convert GBTC into an ETF, possibly opening the door to the first U.S. spot bitcoin ETF.

In today's episode of "Money Reimagined," Sheila Warren takes the stage solo, delving into the day's updates on the court ruling. She seamlessly transitions into an insightful conversation about the FX market alongside Alex McDougall, CEO of Stablecorp. Stabecorp is a Canadian-based company that has created the Canadian dollar-backed stablecoin QCAD.

Disclaimer: Grayscale and CoinDesk share the same parent company, Digital Currency Group (DCG).Links mentioned in the show.

Links mentioned in the show :

Court Rules SEC Must Review Rejection of Grayscale's Bitcoin ETF Bid, Bitcoin Jumps 5%

Bitcoin Jumps 5% on Grayscale Ruling, While Crypto-Related Stocks Soar More Than 10%

The Seven Defining Opportunities in “On-Chain” FX

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, August 29, 2023.

"The Hash" tackles today's hot topics, including a federal court ruling that the SEC must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. Bitcoin is surging on the news. Grayscale and CoinDesk are both owned by DCG. Separately, the SEC issued its first NFT-related enforcement action. And, some former FTX users are getting hit by a new phishing attack on their FTX-registered emails.

See also:

Bitcoin Jumps 5% on Grayscale Ruling, While Crypto-Related Stocks Soar More Than 10%

DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%

FTX Customers Hit by 'Withdrawal' Phishing Mails After SIM Swap Attack

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest price moves in crypto markets in context for August 24, 2023.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: Bitcoin Jumps to $26.5K as Trading Volume Increases

Bitcoin's Most Loyal Holders Continue Accumulation Despite Price Lull

Tokenized U.S. Treasuries Arrive to XDC Network as Digital Bond Market Grows

DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%

FTX Customers Hit by 'Withdrawal' Phishing Mails After SIM Swap Attack

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Sandeep Seth, CMO of Coach, started off as an engineer before changing his career to focus on marketing. From P&G to Coach, Sandeep shares lessons learned along the way as well as a deeper dive into his perspective on innovation across Web3, Immersive Worlds and AI.

Links mentioned from the podcast:

  • Friendtech heats up
  • YouTube tackles AI
  • Sandeep's Twitter
  • Coach

Follow us on Twitter:

Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, August 28, 2023.

"The Hash" tackles today's biggest crypto news, including a closer look at how demand is shaping up for PayPal's new stablecoin, PYUSD. The CEO of Prime Trust says the crypto custodian has lost $8 million in a doomed Terra stablecoin investment. And, some rogue developers on the Pepecoin team were the ones who stole millions worth of pepe coin (PEPE) last week, a team member claimed on X (formerly Twitter).

See also:

Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account

How PayPal Upended the Crypto Debate in Washington D.C.

Prime Trust Lost $8M in Doomed Terra Stablecoin Investment

Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, Robinhood with $3B in BTC, a ‘Clockwork’ shutdown and more from Sam Bankman-Fried.

Today's episode is sponsored by Kraken Pro and Simpluris

Today's Stories:

Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market

Ethereum's Daily Transaction Fees Hits 8-Month Low of $2.8M

Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC

Solana-Based Automation Startup Clockwork to Shut Down

Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

View Details

Existing payments like FedNow systems are hard to beat, but there may be niches where blockchain companies can play, says EY's Paul Brody.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Paul Brody, titled: “FedNow Is a Reminder That Payments Aren’t Crypto’s Differentiator.”

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Both Roman Semenov and Roman Storm were charged; Storm was arrested.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk’s Nikhilesh De, titled: “Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks.”

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, Aug 26, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Friend.tech Becomes Massive Ether Money Machine
  • Coinbase Squares Circle
  • Sam Bankman-Fried's Defense Strategy
  • FTX Wants Galaxy to Manage its Crypto Billions

Links to the headlines:

Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

Will SBF’s ‘Blame-the-Lawyers’ Strategy Work?

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, August 25, 2023.

"The Hash" explores today's hottest topics in crypto, including Mastercard terminating its partnership with Binance on co-branded crypto card offerings. Republican presidential candidate Vivek Ramaswamy is emerging as a formidable Trump challenger among blockchain bettors. NFT Artist Bobby Lee joins the show to discuss the impact of Web3 on the art world. And, a closer look at why meme coin PEPE is tumbling in the last 24-hours.

See also:

Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies

After GOP Debate, Blockchain Bettors See Ramaswamy as Most Formidable Trump Challenger

Weird PEPE Transfers Spook Crypto Investors and Prompt Meme Coin's 15% Plunge

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, an FTX and Blockfi cybersecurity incident.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Bitcoin Clings to $26K as Investors Await Powell’s Speech

Binance Is Contacting Low-Cap Crypto Projects in Bid to Boost Trading

Ether Whales Scooped Up $94M in ETH as Price Plunged to $1.6K

JPMorgan Sees Limited Downside for Crypto Markets in the Near Term

FTX, BlockFi's Customer Data Compromised in Kroll Hack

Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

View Details

The most valuable crypto stories for Thursday, August 24, 2023.

"The Hash" tackles today's hot topics, including bankrupt crypto exchange FTX seeking to hire Mike Novogratz’s Galaxy as an advisor. Two Tornado Cash developers face allegations of money laundering and sanctions violations. And, Verified Labs co-founders Jon Heder and Justin Trevor Winters join the show to discuss how they're aiming to bridge the gap between Web3 and Hollywood.

See also:

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day

Tornado Cash Devs Charged With Helping Hackers

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, FTX taps Galaxy to sell its crypto billions Trump NFTs surge.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Bitcoin Jumps to $26.5K as Trading Volume Increases

Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement

Binance's Ether Futures See Lowest Open Interest Since July 2022

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

Donald Trump NFTs Surge After Tucker Carlson Interview

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Jonathan Martin has spent the last few months traveling across El Salvador, speaking with locals, developers, expats and merchants about the country’s adoption of bitcoin as legal tender.

On “Carpe Consensus,” hosts Ben Schiller and Danny Nelson dive into the latest crypto news.

  • [3:32] Inside the Desk: CoinDesk courtroom reporter Elizabeth Napolitano recaps what’s been going on inside Sam Bankman Fried’s court hearings ahead of his October trial. Notably, SBF is back in jail.
  • [13:40] Jonathan Martin has been traveling across El Salvador, checking in on the first country to adopt bitcoin as legal tender. Are locals buying it? His latest focus is on Lightning's role in bitcoin adoption.
  • [22:46] Things We Are Freaking Out About: The potato boon moves from Idaho to Washington state. Ben’s worried about weather.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, August 23, 2023.

"The Hash" panel covers the biggest crypto news today, including Sam Bankman-Fried's plans to argue in his defense he was acting in "good faith" and following the advice of lawyers. The FBI says North Korean hackers may attempt to cash out stolen bitcoin (BTC) worth more than $40 million. And, a closer look at the lessons learned from the Curve crisis.

See also:

Will SBF’s ‘Blame-the-Lawyers’ Strategy Work?

FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense

FBI Says North Korean Hackers May Try to Sell $40M of Bitcoin

Curve Crisis Shows Pitfalls of Decentralized Risk Management

Curve Crisis Averted, NFT Loans Protocol Now Votes on Next Steps

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Ever find yourself in the seamless clutches of Google's ecosystem? It's like being swept into a digital whirlpool with no exit strategy. And guess what, this is more than just about one company—it's a symphony of significant players orchestrating our digital dependencies.

In another intriguing episode of "Money Reimagined," our ever-curious host, Sheila Warren, takes center stage as she embarks on a 'rant', alongside co-host Michael Casey, with a passionate reflection on her morning skirmish with Google and its pervasive grasp of digital feudalism. Get ready, as she delves into how the snares of convenience shackle us all in an intricate web of modern existence.

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, moves in XRP and BNB.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Bitcoin Hovers Below $26K

Ether-Bitcoin Ratio Uptick Fails to Inspire Bullish Positioning in ETH Options

Nearly All Short-Term Bitcoin Owners Are Underwater, Making Rallies Harder

XRP Gives Up All Gains Made After Ripple Labs’ SEC Victory

Australia's CBDC Likely Some Years Away, Central Bank Says

Thailand’s New Pro-Crypto Prime Minister Was an Active Crypto Investor

Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading

Privacy Mixer Tornado Cash Is an Entity, Judge Says

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, August 22, 2023.

"The Hash" tackles today's hot topics in crypto, including the Wall Street Journal reported at least 5 Russian-based blacklisted lenders are still processing payments for crypto exchange Binance. Coinbase is acquiring a minority stake in Circle Internet Financial and six new blockchains will integrate with USDC. Thailand's government issues a new warning against Facebook's parent company Meta. And, Shiba Inu developers are slowly working towards a Shibarium network reopening.

See also:

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

Thailand Warns Meta to Rein In Crypto Scams or Face Expulsion

Shiba Inu Plans Shibarium's Public Restart Days After Botched Launch

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Markets await the U.S. Federal Reserve's annual economic symposium in Jackson Hole, Wyoming.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Coinbase Acquires Stake in Circle

XRP, ADA Post Highest Losses Among Majors; Bitcoin Steady as 'Buy the Dip' Mentions Fade

Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests

Bitcoin's 10% Weekly Drop Puts Bears in Control Ahead of Jackson Hole Symposium

Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

Sam Bankman-Fried Pleads Not Guilty to Latest Indictment

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, August 21, 2023.

"The Hash" tackles today's top crypto stories, including social tokenization protocol Friend.tech becoming a massive revenue maker among crypto protocols in just over two weeks. Ethereum co-founder Vitalik Buterin transferred over $1 million worth of ether to crypto exchange Coinbase. Billionaire investor Mark Cuban aims at NFT marketplace OpenSea's plans to sunset the enforcement of creator royalties. And, NFT platform Recur announces it will shut down in phases.

See also:

Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In

Ethereum Co-Founder Vitalik Buterin Sends $1M ETH to Coinbase

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The ether-bitcoin ratio rose more than 2% last week. The gain is inconsistent with its record of taking losses during bouts of risk aversion.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Bitcoin Trades Flat; Vitalik Transfers $1M Ether to Coinbase

Crypto Analysts Split on Why Ether Outperformed Bitcoin During Last Week's Slide

Bitcoin and U.S. Real Yield Reach Strongest Inverse Correlation Since April

Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Avery and Sam speak with Austin Hurwitz from Doodles on recent collaborations, managing a Web3 community and channeling creativity with a Web3 based brand.

This week's guest is Austin Hurwitz, head of business development and strategy at Doodles. Austin has worked at Amazon and other brands with a focus on music. Now, he is helping to steer Doodles from a pure play Web3 project to a mainstream brand, including recent collaborations with Adidas and CAMP. We hear what Austin and Doodles are focusing on and how they are doing so far.

Links mentioned from the podcast:

  • Adidas and BAPE Launch Tokenized Sneakers
  • Zynga's First Web3 Game
  • South Korean Web 2 Metaverse Platform Zepeto Gets a Web3 Makeover
  • Doodles Website
  • Austin’s Twitter

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Decentral Park’s Kelly Ye provides an overview of what tokenization is and how it will affect the investment landscape.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Kelly Ye, titled: “How Is Tokenization Impacting Investing?”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CoinDesk Indices presents six notable takeaways from last week.

Today's episode is sponsored by Kraken Pro.

On today’s show, we’re bringing six notable takeaways from the last week in crypto markets. For more, head to coindeskmarkets.com.

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, Aug 19, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Bernie Madoff's Former Attorney Reacts to Sam Bankman-Fried Being Sent to Jail
  • Europe Far More Advanced than the U.S.?
  • What FTX's Sam Bankman-Fried Is 'Freaking Out About'
  • Much-Hyped Shibarium Network's Turbulent Start

Links to the headlines:

Sam Bankman-Fried Jailed Ahead of Trial

Europe's First Spot Bitcoin ETF Lists in Amsterdam

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, August 18, 2023.

"The Hash" team discusses the top crypto stories of the day, including bitcoin (BTC) falling over 10% this week. Bloomberg reports securities regulators are poised to approve ether (ETH) futures ETFs for trading in the U.S. A group lost a lawsuit funded by Coinbase that sought to argue the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash. And, Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies (CBDCs).

See also:

Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports

Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority

Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest price moves in crypto markets in context for August 18, 2023.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Bitcoin Tumbles Below $26.5K

Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether

Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk

No, SpaceX Isn't the Cause of This Multi-Billion Dollar Bitcoin Bloodbath

SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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At the beginning of the internet, there was no way to share data. Decentralized storage was not possible. Now there are multiple ways to store data in a ‘Shared’ state.

With AI algorithms now consuming vast amounts of personal and intellectual data, the prospect of the exploitation of that data is daunting.

In this short unique episode of "Money Reimagined," Michael Casey is joined by Football Club owner and Philanthropist Frank McCourt. He is also the founder of Project Liberty, an urgent initiative to repair the web.

Currently, Casey and McCourt collaborate on a joint book endeavor, with Frank elaborating on his insights during a casual lunch conversation. He delves into the Internet's transformation into a data economy, the value of personal information, and the impact of Artificial Intelligence algorithms and machine learning on the realm of intellectual property and copyright ownership.

Join us as we envision a more equitable digital landscape through decentralized storage, personal data security, and AI synergy.

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, August 17, 2023.

"The Hash" team discusses the hottest stories in crypto, including SHIB tokens slipping, as users report bridging issues after the much-hyped Shibarium network went live. Stablecoin issuer Tether said that it will discontinue support for Omni, a Bitcoin layer used for USDT transfers since 2014. And, a16z crypto chief technology officer Eddy Lazzarin discusses why new projects from the VC firm are focused on ZK proofs, a type of cryptography that can help scale blockchains.

See also:

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

VC Firm a16z Wades Into Crypto Tech Research with ZK Projects ‘Jolt’ and ‘Lasso’

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest price moves in crypto markets in context for August 17, 2023.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Bitcoin Drops to Lowest Level Since June

Bitcoin's 2023 Bullish Trendline in Focus as Traders Search for Directional Clues

Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump

Sei, Blockchain Designed for Trading, Goes Live but 'Frustration' Mounts Over Airdrop

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CoinDesk layoffs. Plus, DeFi fails to live up to its promises and a look at Coinbase’s recent flurry of announcements.

On today’s “Carpe Consensus,” hosts Ben Schiller and Danny Nelson dive into the latest crypto news.

  • [0:35] Inside the Desk: Ben and Danny discuss CoinDesk’s recent layoffs, which “Carpe Consensus” cohost Cam Thompson was affected by. Crypto’s bear (or as some say, “crab”) market has not been particularly kind to crypto media.
  • [4:20] Decentralized Finance (DeFi) promised a new take on governance. It’s unclear what we got instead. The hosts discuss Camila Russo’s piece, “Crypto’s Theater Is Becoming More Surreal.”
  • [15:48] Coinbase launched Base blockchain, a layer 2 network. It’s also formed a crypto lobbying agency, all while it’s in the middle of a battle with the SEC.

This one’s for Cam – you’re the best. “Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, August 16, 2023.

"The Hash" discusses the hottest topics in crypto, including Ledger partnering with PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts. A court filing reveals prosecutors plan on submitting personal notes from former Alameda CEO Caroline Ellison as evidence against FTX founder Sam Bankman-Fried ahead of his trial, which includes a list titled "Things Sam is Freaking Out About." And, Coinbase can now list crypto futures in the U.S.

See also:

Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account

Sam Bankman-Fried Jailed Ahead of Trial

Coinbase Finally Wins Approval to List Crypto Futures in U.S.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest price moves in crypto markets in context for August 16, 2023.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Coinbase Secures NFA Approval to Offer Crypto Futures

Bitcoin Vapid, Gold Weakens as Russian Ruble and Argentinian Peso Crash

Arbitrum Will Unlock $1.2B ARB in March 2024: Token Unlocks

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, August 15, 2023.

"The Hash" team covers the biggest crypto news today, including Bloomberg reporting that a judge granted Celsius permission to begin polling account holders on its plan to restart as a new user-owned company. Coinbase is officially launching in Canada. A London-based asset management firm has listed Europe's first spot bitcoin exchange-traded fund (ETF). And, a pro-Bitcoin candidate wins the primary presidential election in Argentina.

See also:

Europe's First Spot Bitcoin ETF Lists in Amsterdam

The Secular Investment Case for Bitcoin and Crypto Adoption Remains Intact: Coinbase

The 3 Things Coinbase Says Will Determine the Future of Crypto

Pro-Bitcoin Candidate Javier Milei Snags Primary Presidential Elections in Argentina

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest price moves in crypto markets in context for August 15, 2023.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Europe's First Spot Bitcoin ETF Opens in Holland

HBAR Rallies on FedNow Addition of Hedera-Based Dropp

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, August 14, 2023.

"The Hash" hosts discuss the hottest topics in crypto today, including FTX founder Sam Bankman-Fried being sent to jail before his October trial. Mintz and Gold partner Ira Lee Sorkin shares his reaction. On Sunday, the mysterious developer behind bald (BALD) transferred some $12 million in ether back to the Ethereum network. And, a closer look at how much crypto former U.S. President Donald Trump is holding.

See also:

Sam Bankman-Fried Jailed Ahead of Trial

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

FTX's Sam Bankman-Fried Going to Jail Puts His Trial at 'Huge Disadvantage': Bernie Madoff's Former Attorney

Donald Trump Holds Up to $500K in Crypto

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Avery and Sam sit down with United Talent Agency’s Lesley Silverman to talk about career paths in Web3 and how talent agencies can help.

This week's guest is Lesley Silverman, Head of Web3 at United Talent Agency. UTA represents many of the most dynamic artists in the Web3 space as well as many of the top actors, directors and creators in the world. We discuss her journey from lawyer to Web3, how creatives are approaching the space and how supporting artists is more about patronage than financial gain.

Links mentioned from the podcast:

  • Grimes says she made more from NFTs than music
  • Onchain Summer
  • Paypal launches stablecoin

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The implications of the Ooki DAO saga run deep.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Project Glitch, titled: “RIP DAOs?”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CoinDesk Indices presents six notable takeaways from last week.

Today's episode is sponsored by Kraken Pro.

On today’s show, we’re bringing six notable takeaways from the last week in crypto markets. For more, head to coindeskmarkets.com.

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, Aug 12, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • PayPal's Big Crypto Market Splash
  • Fake PayPal USD Tokens Pop Up
  • Coinbase Officially Launches 'Base' Blockchain
  • SEC to Challenge XRP Ruling in Case Against Ripple

Links to the headlines:

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

Fake PayPal USD Tokens Pop up on Several Blockchains

Coinbase Officially Launches Base Blockchain in Milestone for a Public Company

SEC Will Appeal XRP Ruling in Case Against Ripple

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, August 11, 2023.

"The Hash" covers today's hottest topics in crypto, including the SEC extending its review of the Ark 21Shares bitcoin ETF application, as it continues to look at applications from traditional finance heavyweights like BlackRock and Fidelity. Post Malone speaks to podcaster Joe Rogan about a central bank digital currency (CBDC) in the U.S. And, Bank of America doesn't expect PayPal’s new stablecoin to drive crypto adoption anytime soon.

See also:

PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America

Ark 21Shares Bitcoin ETF Application Decision Pushed Out by SEC

Post Malone, Podcaster Joe Rogan Slam Prospects of a U.S. Digital Dollar: That’s 'Game Over'

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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One of the biggest crypto projects building tools to support decentralized governance is trying to get out of its own governance pickle.

Today's episode is sponsored by Kraken Pro.

Today’s guest host, CoinDesk's Danny Nelson, reads his latest piece: “Aragon Mulled Sale of Crypto Project, Leaked Screenshot Shows.” You can hear more from Danny on CoinDesk’s “Carpe Consensus” podcast.

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, August 10, 2023.

"The Hash" explores today's top stories in crypto, including lawyers for FTX firing back at creditors that criticized the bankrupt crypto exchange's proposed reorganization plan. The SEC will file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP. And, Calaxy co-founder Solo Ceesay and fellow co-founder and NBA star Spencer Dinwiddie join the show to discuss the future of social media entertainment.

See also:

FTX Fires Back at Creditors 'Willing to Gamble Estate Assets on Higher Returns'

SEC Will Appeal XRP Ruling in Case Against Ripple

SEC Likely to Approve Several Spot ETFs, Sparking Next Bitcoin Rally: Matrixport

Solo Ceesay on Calaxy App, Metaverse Outlook

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Jameson Lopp argues Twitter's recent rebrand falls in line with big tech's obsession with data. Nostr, an increasingly popular social network, is one alternative.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Jameson Lopp, titled: “Some Users May Want an ‘Everything App’, but What We Need Is Digital Sovereignty.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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PayPal’s announcement is a big deal for crypto. But what’s the business model behind this decision, and why launch a stablecoin now?

On “Carpe Consensus,” hosts Ben Schiller and Cam Thompson dive into the latest crypto news alongside CoinDesk Chief Insights Columnist David Z. Morris.

  • [1:24] Inside the Desk: PayPal’s entry into the stablecoin game has wide ramifications to the crypto industry. David Z. Morris gives his first takes, analyzing what the announcement means for crypto adoption, other stablecoin issuers and privacy.
  • [18:22] Cam’s Corner: Cam recaps the latest data reports from the world of NFTs, showing that although NFT trading volume is sinking, it's not stopping developers from entering Web3.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, August 9, 2023.

"The Hash" tackles today's crypto news, including Coinbase saying its blockchain is the first to be launched by a publicly traded company. Aptos Labs, a layer 1 blockchain from Meta Platforms' former employees, is expanding its tools and services using Microsoft's AI technology. Grimes says she made more money with NFTs than in her entire music career. And, the U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity.

See also:

Coinbase Officially Launches Base Blockchain in Milestone for a Public Company

‘The Next Crypto Gem’ TV Show Aims to Be ‘The Apprentice’ for Crypto

Microsoft, Aptos Labs Team Up on New Blockchain AI Tools

Grimes Made More Money From NFTs Than From Her Entire Music Career: Wired

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The financial services industry has a way of spawning innovation and growing from its crises.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Dmitry Gooshchin, titled: “Crypto's Path Forward Could Follow the Financial World's Departure From LIBOR.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, August 8, 2023.

"The Hash" tackles today's biggest crypto news, including how scammers are attempting to capitalize on PayPal’s recently launched dollar-pegged stablecoin. Morgan Stanley said in a recent research report that artificial intelligence will be one of the most important investment themes over the next decade. And, Binance receives two licenses to operate in El Salvador.

See also:

Fake PayPal USD Tokens Pop up on Several Blockchains

AI Will Be One of the Most Important Investment Themes Over the Next Decade: Morgan Stanley

Binance Receives License to Offer Bitcoin, Digital Asset Services in El Salvador

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, top headlines in crypto hacks and exchange news.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract

Huobi Receives $200M USDT, $9M Ether From Whale

Bitstamp Raising Funds for Asia, Europe Expansion: Bloomberg

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Market Doesn't React Much to PayPal Stablecoin

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Avery and Sam chat with Josh Hackbarth of Warner Bros. Discovery about how major franchises are superserving their existing fan base and exploring new and engaging opportunities in Web3.

Our guest this week is Josh Hackbarth, SVP of franchise, DC Comics, animation and NFT commercial development at Warner Bros. Discovery. Hackbarth sits down with Avery and Sam to discuss developing Web3 initiatives for iconic franchises like Batman and Looney Tunes and how to further engage fans by creating open dialogue through Discord.

Links mentioned from the podcast:

  • Ralph Lauren Goes Bigger on Fortnite with island and phygital boots
  • With rebrand, Claire’s leans into AI and web3
  • This Art Exhibit Is Bringing New Life to Allen Ginsberg’s Poetry Using AI

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, August 7, 2023.

"The Hash" tackles today's hot topics, including PayPal entering the crypto market with its own U.S. dollar-pegged stablecoin. Huobi is denying reports that several executives were arrested in China. Local news organizations report that Kenyan police raided the Nairobi warehouse of Worldcoin over the weekend. And, a closer look at MicroStrategy's bitcoin holdings since Michael Saylor exited his CEO position a year ago.

See also:

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

I Have 1M Questions About the PayPal Stablecoin. Here Are 5

Huobi's Stablecoin Reserves Down 30% Amid Reports of Executive Arrests

Worldcoin Nairobi Warehouse Raided by Kenyan Police: Reports

Michael Saylor’s Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Traders are choosing to short bitcoin volatility as crypto markets sleepily await news on the spot bitcoin ETF applications.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

PayPal to Issue Dollar Pegged Crypto Stablecoin: Bloomberg

Worldcoin's Nairobi Warehouse Raided by Kenyan Police: Local Reports

Curve Recoups 73% of Hacked Funds, Bolstering CRV Sentiment

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Crypto Options Traders Are Still Shorting Bitcoin Volatility

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from “Markets Daily” host George Kaloudis, titled: “Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Could loyalty programs and token airdrops embiggen Solana DeFi? Danny Nelson heads to Utah to find out.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk's Danny Nelson, titled: “Solana Tokens or: How I Learned to Stop Worrying and Love the Points.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, August 5, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • SEC Tells Coinbase to Stop All Crypto Trading Except Bitcoin
  • Crisis at DeFi Giant Curve Eases
  • CZ Considers Closing Binance.US
  • Coinbase to Launch ‘Base’ Layer 2 Blockchain

Links to the headlines:

SEC Told Coinbase to Stop Trading in All Cryptos Except Bitcoin Before Suing: FT

Crisis at DeFi Giant Curve Eases After Justin Sun and Others Step In With Help

Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information

Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next Week

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, August 4, 2023.

"The Hash" tackles today's hottest topics in crypto, including an update on the exploiter responsible for the Curve Finance exploit returning some of the stolen crypto. The U.S. Department of Justice said FTX founder Sam Bankman-Fried should be "detained pending trial." And, Miami Mayor and Republican presidential candidate Francis Suarez joins the show with an update on his campaign and crypto donations.

See also:

Looter Behind $61M Curve Hack Starts Returning Assets, Raising Hope for Recovery

Curve Offers Hackers 10% Bounty in Exchange for Return of Crypto

Sam Bankman-Fried Faces Jail as Justice Department Pushes for Incarceration

Miami Mayor Francis Suarez to Accept Presidential Campaign Donations in Bitcoin

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“Markets Daily” brings the latest crypto markets news, including headlines from Curve, Revolut, Upbit and Coinbase.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Razzlekhan’s Husband Admits to Being Hacker in Infamous 2016 Bitfinex Attack: CNBC

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Curve Founder Raises $42.4M to Pay Off $80M On-Chain Debt

Revolut Suspends U.S. Crypto Platform Over Regulatory Uncertainty

Coinbase Moves to Dismiss SEC Lawsuit, Alleging Crypto Falls Out of Regulator's Oversight

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, August 3, 2023.

"The Hash" tackles today's hot topics, including Coinbase announcing that Base, its layer-2 blockchain built with Optimism's OP Stack, will open to the public on Aug. 9. Five tokens linked to Alameda were pumped by Twitter bots after FTX listed them, according to a research report. Patreon is investigating an issue with payouts. And, an update on the multi-million-dollar exploit of crypto exchange Bitfinex.

See also:

Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next Week

Alameda-Linked Coins Pumped by Twitter Bots After FTX Listing, Report Shows

Patreon, Platform for Creators, Disables Payouts After ‘Issue’ With Payoneer System

New York Resident Ilya Lichtenstein Admits to Being Bitfinex Hacker in Court Appearance: CNBC

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, bankrupt crypto lender BlockFi is one step closer to refunding its clients.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor

Binance Appoints New Compliance Officer as Regulatory Crackdown Intensifies

Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients

Wintermute, a Major Trader, Is a Key Player in Arkham’s Controversial Dox-to-Earn Platform

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

DeFi Died and We Didn’t Even Notice

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, details on the U.S. Securities and Exchange Commission’s lawsuit against Richard Heart, Hex and PulseChain.

On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson dive into the latest crypto news.

  • [0:23] Inside the Desk: Danny explains how the Curve Finance exploit unfolded and what could have prevented it, while Ben checks in on the SEC’s lawsuit against crypto personality Richard Heart.
  • [15:39] Cam’s Corner: Web3 wallet Suku is attempting to remove barriers to entry by integrating crypto wallets with X, formerly known as Twitter.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, August 2, 2023.

"The Hash" tackles today's hot topics, including The Information reporting Binance CEO CZ nearly closed the exchange's U.S. operations to protect the wider company. The Kenyan government has suspended Worldcoin activity, citing security and privacy concerns. Security firms are floating proposals to prevent future loans against $158 million worth of curve (CRV) tokens on Aave. And, GameStop will remove its support for crypto wallets due to regulatory uncertainty.

See also:

Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information

Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor

CFTC Overreached in Suing Binance, Crypto Exchange Says

Worldcoin Suspended by Kenya on Financial Security and Privacy Concerns

Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes

GameStop to Remove Crypto Wallets Citing 'Regulatory Uncertainty'

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of “Money Reimagined,” Michael Casey and Sheila Warren riff with each other on the latest fascinating topics in the crypto news cycle: the Federal Reserve's FEDNOW project, crypto regulation, the monopoly of the dollar, stablecoin legislation, MiCA, Elon Musk and much more.

Links:

Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly

Stablecoin Issuers Urged to Anticipate MiCA Rules by EU Banking Agency

Is It Finally Time to ‘X-it’ Twitter for Threads?

Twitter Is Dead. Long Live Crypto Twitter?

Summary List

Federal Reserve, the FED NOW project for faster payments. | Bipartisan consensus on crypto. 1:05 | The monopoly of the dollar. 3:16 | The form factor of programmable money. 6:38 | Issues with stablecoin legislation. 8:09 | The power dynamic between the agencies. 12:43 | Positive takeaways from the legislation. 18:56 | What happens to crypto Twitter now? 23:09 | The battle over threads. 25:07

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Kenyan officials cited financial security and privacy concerns around Worldcoin, the identity crypto protocol co-founded by OpenAI's Sam Altman.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Kenyan Government Suspends Worldcoin Activity on Financial Security, Privacy Concerns

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Race for Ether ETFs Kicks Off With 6 Asset Managers Filing

Bitcoin Whale Michael Saylor Might Buy a Lot More BTC

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, August 1, 2023.

"The Hash" tackles today's biggest topics shaping crypto today, including Tron founder Justin Sun stepping in to help Curve Finance after an exploit over the weekend. Crypto sleuths are looking into whether Sam Bankman-Fried's Alameda Research and BALD's deployer wallet have any possible connections. The SEC sued Richard Heart and his projects Hex, PulseChain and PulseX for potential fraud. And, Suku CTO Lucas Henning discusses the future of crypto payment adoption.

See also:

Crisis at DeFi Giant Curve Eases After Justin Sun and Others Step In With Help

Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD?

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, FTX plans to restart its crypto exchange for international customers.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter

FTX Plans to Restart Crypto Exchange for International Customers

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Bitcoin Starts August in the Red After Losing Ground in July

Ether Options Market Shows Bias for Price Weakness Over Next 6 Months

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 31, 2023.

"The Hash" panel tackles today's hottest topics in crypto, including Coinbase CEO Brian Armstrong's recent interview with the Financial Times and battle with the SEC. Curve, a stablecoin-focused decentralized exchange (DEX), was the victim of an exploit late Sunday. The SEC sued Richard Schueler, aka Richard Heart, and his projects Hex, PulseChain and PulseX. And, former Coinbase head of policy Hermine Wong shares her thoughts on FTX's ongoing bankruptcy developments.

See also:

SEC Told Coinbase to Stop Trading in All Cryptos Except Bitcoin Before Suing: FT

Curve Finance Drained of $50M While CRV Token Sinks 12% in Latest DeFi Exploit

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

Coinbase Forms Crypto Think Tank, Names Hermine Wong as Director

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, George highlights macroeconomic factors to keep an eye on for the week ahead, including jobs data and top tech earnings reports.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Curve Finance Drained of $50M While CRV Token Sinks 12% in Latest DeFi Exploit

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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We sat down with Sam Schoonover, innovation lead at Coachella, to discuss Coachella Island, music NFTs and the shift in physical experiences with the rise of social media.

Sam joins the podcast to talk about his work with Coachella but also as the founder of Forward, a creative and emerging technology studio. He shares his experiences working with entertainment brands in the consumer innovation and technology space ranging from Universal Pictures to Epic Games.

Links mentioned from the podcast:

  • Twitter is being rebranded as X
  • As Actors Strike For AI Protections, Netflix Lists $900,000 AI Job
  • The State of Web3 Growth Tech 2023

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Renowned lawyer Tor Ekeland is poking holes in the U.S. government's case against alleged Bitcoin Fog creator Roman Sterlingov by poking holes in Chainalysis' forensics, privacy advocate L0la L33tz writes.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from L0la L33tz, titled: “L0la L33tz: Chainalysis Investigations Lead Is ‘Unaware’ of Scientific Evidence the Surveillance Software Works.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Proof-of-work mining has a place in global renewable energy adoption. But its larger role is ensuring economic freedom and liberty if nations are destabilized by climatic pressures.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Margot Paez, titled: “Revenue Constraints Will Drive Bitcoin Mining to Sustainability.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

View Details

A roundup of the week’s most valuable crypto stories forSaturday, July 29, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Crypto Exchanges Are Listing Worldcoin's WLD Token
  • Dogecoin Spikes Amid Twitter Rebrand Excitement
  • Binance to Re-Enter Japan in August
  • Prosecutors Urge Sam Bankman-Fried to be Jailed Until Trial

Links to the headlines:

Worldcoin's Newly Launched WLD Token Spikes Over 20% on Major Crypto Exchanges

Dogecoin Bumps 10% on X Payments Speculation, DOGE Futures Traders Lose $10M

Binance to Reenter Japan in August 2 Years After Regulator's Warning

Sam Bankman-Fried Won't Face Campaign Finance Charge, U.S. DOJ Says

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 28, 2023.

"The Hash" panel discusses the hottest crypto stories of the day, including the New York Times reporting disgraced Congressman George Santos and two others who appeared to try a crypto-centric version of the classic Nigerian Prince email scam. DeFi protocol Parrot Finance is moving forward with an activist investor-led plan to phase out its PRT token. Yuga Labs builds out its gamified metaverse world. And, Safary co-founder Justin Vogel discusses a new Web3 report.

See also:

Disgraced U.S. Congressman George Santos Involved Crypto in Nigerian Prince-Like Scheme: NYT

Parrot Finance to Begin PRT Token Buyback on Monday, Capping Fiery Vote

Yuga Labs Hopes to Rile Up Its Bored Apes With Latest Otherside Demo

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Elon Musk's rebranded X.com used to be the white-hot center of the crypto world. What comes next?

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk’s David Z. Morris, titled: “Twitter Is Dead. Long Live Crypto Twitter?”

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Consensus 2023 panel with Sergey Nazarov.

End-users are moving towards a trust-minimized world where decentralized consensus, the tokenization of real-world assets, open-source code, and cryptographic guarantees provide them with greater control and customization of their assets. Explore how builders and institutions can collaborate to meet this rising demand and create a society based on cryptographic truth.

Rory Piant moderates the panel featuring Sergey Nazarov, co-founder of Chainlink.

This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 27, 2023.

"The Hash" hosts discuss the biggest crypto stories today, including why House lawmakers have failed to reach a bipartisan deal on stablecoins legislation. An assistant U.S. attorney says the Department of Justice is seeking FTX founder Sam Bankman-Fried's detention. And, CoinDesk's special Mining Week is underway, highlighting the latest advancements and current challenges in crypto mining, sponsored by Foundry. Auradine CEO Rajiv Khemani joins to discuss.

See also:

White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

Crypto Bill Advances Out of House Agriculture Committee

House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills

Sam Bankman-Fried Won't Face Campaign Finance Charge, U.S. DOJ Says

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Meta Remains Committed to the Metaverse, Mark Zuckerberg Says

FTX Founder Sam Bankman-Fried Won't Face Campaign Finance Charge, U.S. DOJ Says

House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills

Bitcoin Mining Computing Power May Drop as Much as 30% After Halving: Experts

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: BTC and ETH CME Futures See Record Participation From Big Traders

Bitcoin Volatility Expected on Friday's Bank of Japan Rate Decision. Here's Why

Yield Curve Control (YCC): Definition, Purpose, and Examples

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Will Foxley dives into the state of bitcoin mining, from Bitcoin’s fourth “halving” to the politicization of the mining industry.

On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson take on the latest crypto news alongside guest Will Foxley.

  • [5:46] Inside the Desk: Will Foxley joins to discuss the state of bitcoin mining and his op-ed for Consensus Magazine’s Mining Week, “It’s Time for Publicly-Traded Miners to Stop With the Gimmicks.”
  • [23:49] Danny’s Dungeon: In another edition of “Dumb DAOs,” DeFi project Parrot votes on the fate of its remaining treasury. The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors, leading some to cry “Rug Pull!”
  • [29:00] Cam’s Corner: Solana-based NFT marketplace Exchange.art expands into Ethereum. Are NFTs done on Sol?

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Consensus 2023 panel with Sam Ewen, Kevin Rose and Bobby Hundreds.

In 1916, Charlie Chaplin declared, “the cinema is little more than a fad.” Then again, his contemporary Guglielmo Marconi predicted that wireless communications would make wars impossible. How will today’s Web3 prognostications stack up decades from now?

Sam Ewen, Head of CoinDesk Studios, moderates alongside panelists:

  • Kevin Rose, CEO of PROOF
  • Bobby Hundreds, co-founder of The Hundreds and Adam Bomb Squad

This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, July 26, 2023.

"The Hash" discusses some of the biggest stories of the day, including Binance planning to introduce its full service in Japan in August. This comes as the crypto exchange is withdrawing a license application in Germany. Nigeria is changing its eNaira model to encourage more use of its CBDC. Venture capital firm a16z is selling a part of its investment in crypto lender MakerDAO's MKR governance tokens. And, Sunday marked the lowest daily volume across DeFi since the turn of the year.

See also:

Binance to Reenter Japan in August 2 Years After Regulator's Warning

Binance Withdraws German Crypto License Application

Binance Says It Intends to File Motion to Dismiss CFTC Complaint

Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank

DeFi Daily Volume Dwindles to 7-Month Lows as Sector Endures Downswing

Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With Tokenized Assets

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of “Money Reimagined,” Michael Casey and Sheila Warren kick off the show by talking about WorldCoin, which has dominated the news cycle in the crypto space for the last 24 hours. They discuss digital identity as a project, biometrics as an abuse of human rights, and why people are emotional about it.

Casey and Warren shift to chat with guest AdrianHale the Director of Economic & Community Development at Foundry about what is really going on with education and emergent jobs in Bitcoin Mining concerning lower-income communities.

Disclaimer: DCG (Digital Currency Group) is the owner of both Foundry and CoinDesk.

Other Links:

foundrydigital.com

Foundry Deploy

Stories:

Worldcoin Token Slumps Amid Crypto Community Unease

UK Information Commission to Make Inquiries About Worldcoin

Worldcoin Releases Tokenomics, Report Geofenced for Some Countries

Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

Dogecoin Bumps 10% on X Payments Speculation, DOGE Futures Traders Lose $10M

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Dogecoin takes center stage in crypto markets.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Dogecoin Takes Center Stage

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, July 25, 2023.

"The Hash" team discusses the biggest stories shaping the crypto industry today, including dogecoin (DOGE) rising for the second straight day as speculation lingers that the meme-coin could play a bigger role on the newly-rebranded X platform. The UK's data watchdog, the Information Commissions Office (ICO), will examine Worldcoin, a project by OpenAI CEO Sam Altman. And, a closer look at why Bitcoin miners have flocked to Texas.

See also:

Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

Dogecoin Bumps 10% on X Payments Speculation, DOGE Futures Traders Lose $10M

Worldcoin Token Slumps Amid Crypto Community Unease

UK Information Commission to Make Inquiries About Worldcoin

How Texas Became a Global Mecca for Bitcoin Mining

Crypto Miners Are Pivoting to AI (Like Everyone Else)

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The bearish price action comes ahead of the Federal Reserve’s expected interest rate hike on Wednesday afternoon.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Binance Says It Intends to File Motion to Dismiss CFTC Complaint

Judge in FTX Case Mulls Gag Order on Contact with Media

Crypto Miners Are Pivoting to AI (Like Everyone Else)

Ghost From the Well: Is Crypto Mining With Associated Gas Better for the Environment?

The Single Most Important Truth About Bitcoin Mining, Energy and the Environment

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Bitcoin at $29K Continues to Trade Near One-Month Low

Fed Preview: Crypto Observers See Powell Keeping Door Open for Rate Hikes Beyond July

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 24, 2023.

"The Hash" team discusses today's top stories, including how Worldcoin's WLD token is performing after going live earlier on Monday. Plus, what Ethereum co-founder Vitalik Buterin thinks about OpenAI CEO Sam Altman’s crypto project. Tokens branded ‘X’ popped up on decentralized exchanges after Twitter's rebrand. And, bitcoin (BTC) is slipping to the $29,000 level after a Wall Street Journal article details regulatory concerns about Binance.

See also:

Worldcoin's Newly Launched WLD Token Spikes Over 20% on Major Crypto Exchanges

Ethereum’s Buterin Expresses Concerns Over Sam Altman’s Worldcoin

Elon Musk Rebrands Twitter to X, Spurring Scores of Wannabe Tokens

Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of Tortuous Recovery

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode, we talk about Google Play’s policy update allowing NFTs in their apps, Hollywood’s latest proposal amidst the strikes revealing studios want to own the likeness of background actors in perpetuity and Snoop Dogg’s Web3 music platform, Sound. Most importantly, Avery and Sam discuss the expansion in direction for the pod to expand the topics and guests we introduce to our audience. Gen C is the new generation of the internet. The C stands for Crypto, but it also stands for Creators, the Connected Consumer and Collectibles (both digital and physical with OnChain provenance). It stands for Culture and Characters (the ones we play in games and the companion ones that AI is building alongside us. It stands for Community and Digital Citizenship and the new set of transparent and trustless tools being built to govern them. Welcome to the new Gen C!

Links mentioned from the podcast:

Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games

Actors say Hollywood studios want their AI replicas — for free, forever

Snoop Dogg and a16z Back Web3 Music Platform Sound’s $20M Funding Round

Follow us on Twitter:

Sam Ewen

Avery Akkineni

CoinDesk

Vayner3

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Although market volatility remains low in summer months, Bitcoin dips to $29,000 amidst cautious Investor sentiment, as Market Analysts await positive signs.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

'Razzlekhan,' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth Billions

Worldcoin Releases Tokenomics, Report Geofenced for Some Countries

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of Tortuous Recovery

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto asset markets can lead to loss of funds and profits may be subject to capital gains tax.

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In an excerpt from her new book "Beyond Data," lawyer Elizabeth M. Renieris argues emerging extended-reality technologies erode individual and societal privacy rights.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Elizabeth M. Renieris, titled: “Is the Metaverse a 'Global Panopticon'?”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, July 22, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Ripple's Court Victory in its Fight Against the SEC
  • Nasdaq Drops Plans for Crypto Custody Service
  • FTX users Targeted by Potential Phishing Attack
  • SBF Accused of Leaking Private Diary of Caroline Ellison to the New York Times.

Links to the headlines:

SEC's Gensler 'Disappointed' by Part of Ripple's XRP Judgement, Still Assessing Opinion

Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions

FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears

SBF Accused of Leaking Caroline Ellison's Private Diary by U.S. DOJ

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk's Marc Hochstein, titled: “Transparency for the Crypto Whales, Privacy for the Plebs.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 21, 2023.

"The Hash" tackles today's hot topics, including the U.S. DOJ accusing former FTX CEO Sam Bankman-Fried of leaking the private diary of ex-Alameda Research CEO Caroline Ellison to the New York Times. A new FTX lawsuit seeks the return of over $1 billion in cash and shares from SBF and other executives. Heather “Razzlekhan” Morgan and Ilya Lichtenstein take plea deal in Bitfinex laundering case. Plus, why hamster racing appears to be the new crypto craze. And, McDonald's opens McNuggets Land in the metaverse.

See also:

SBF Accused of Leaking Caroline Ellison's Private Diary by U.S. DOJ

FTX Leadership Seeks Return of Over $1B in Cash, Stocks From Former Executives

'Razzlekhan,' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth Billions

Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting

McDonald’s Opens McNuggets Land in the Metaverse, but McWhy?

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Crypto Market slumps with Bitcoin and Ether plummeting below key levels amid regulatory bill introduction.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft

McDonald’s Opens McNuggets Land in the Metaverse, but McWhy?

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

SOL, XRP Lead Slide in Crypto Majors as Bitcoin Slips Below $30K

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto asset markets can lead to loss of funds and profits may be subject to capital gains tax.

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 20, 2023.

"The Hash" tackles today's hot topics, including several FTX users being targeted by a potential phishing attack after being sent a "reset password" request. Sam Bankman-Fried and FTX are also getting spoofed in a new animated comedy. StoryCo Co-Creator J.P. Alanís joins the show to discuss the future of Web3 entertainment amid the actors' strike in Hollywood. And, the U.S. Federal Reserve has launched its long-awaited instant payments service.

See also:

FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears

Sam Bankman-Fried and FTX Get Spoofed in New Animated Comedy Starring T.J. Miller

Hollywood’s Angry Creators Show Why Web3 Is Needed

Fed Dramatically Speeds Up U.S. Payments With 'FedNow' Service, but Downplays Any Tie to CBDCs

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Today's episode is sponsored by Kraken Pro.

Today's Stories:

FTX Seeks to Recover $71M From Its Philanthropic and Life Science Arms

SEC Chair Gensler Cites 'Wild West' of Crypto in Case to Increase Agency's Budget

SEC’s Stuttering Litigation Strategy Draws Comment From France

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: XRP Momentum Could Set Precedent for Bitcoin

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the crypto asset markets can lead to loss of funds and profits may be subject to capital gains tax.

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson recap the latest in crypto news.

  • [1:26] Inside the Desk: It’s been a busy news cycle. “Carpe Consensus” takes a look at the latest, from Ripple’s partial victory against the SEC to the arrest of Celsius Network’s Alex Mashinsky.
  • [12:36] Danny’s Dungeon: When a bridge fails, it also brings down those just trying to cross it. In this case, the point of failure was when Multichain’s CEO was detained, eventually leading to the liquidation of Hector DAO. And here’s the infamous Multichain tweet mentioned in the show.
  • [19:49] Cam’s Corner: In an uplifting note, Art Blocks CEO Erick Calderon has set aside 81 Chromie Squiggle NFTs to be gifted across the crypto and Web3 space.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, July 19, 2023.

"The Hash" covers the biggest stories in crypto today, including why the Nasdaq is dropping its plans for a crypto custody service. Democratic presidential candidate Robert F. Kennedy Jr. unveils a plan to exempt bitcoin (BTC) from capital gains tax when it is converted into U.S. dollars. The U.S. Senate is poised to take another crack at regulating the crypto industry. And, Terraform Labs reportedly taps a new interim CEO.

See also:

Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions

RFK Jr. Vows to Back Dollar With Bitcoin, Exempt BTC From Taxes

New U.S. Senate Bill Wants to Regulate DeFi-Like Banks

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest markets updates and crypto news.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

GOP Lawmakers Suggest Gensler's SEC Is Gaming News Cycle to Thwart Crypto Legislation

Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions

U.S. Secret Service Seizes Funds From Bahamian Bank Deltec Amid Fraud Investigation

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Investors Pile Into Bitcoin ETPs Following BlackRock ETF Filing

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of “Money Reimagined,” Michael Caseytakes listeners on an insightful journey into the world of finance and technology featuring two intriguing interviews conducted on the sidelines of ‘Uncharted’ a Summit held on June 24, 202, at the residence of media entrepreneur Michael Lowe in Southampton. The first interview is with Sallie Krawcheck, the former head of Bank of America's global wealth and Investment Management Division, and the founder of EllaVest, a groundbreaking digital finance advisory firm tailored for women. With her vast experience in Wall Street, Krawcheck shares her perspective on cryptocurrency and whether EllaVest includes it in their investment strategies.

The second interview brings forward Nick Mayer, the founder of Provocative Science, who unveils a fascinating approach to the environmental impact of Bitcoin mining. Rather than viewing it solely as a drain on energy resources, Mayer's team has discovered a unique way to harness the wind output from ASIC miners to drive carbon capture solutions. This innovative dual-purpose proposition aligns with the common notion that Bitcoin mining can support renewable energy development. However, it goes a step further by addressing carbon reduction simultaneously. Mayer sheds light on the principle behind this idea and explains how his provocative science project leverages Bitcoin mining to tackle two critical challenges at once.

This episode will leave you with a sense of excitement and hope for the future of finance at the intersection of technology and environmental consciousness.

Story Links:

Uncharted

https://sites.google.com/loeb.nyc/uncharted

Summary List:

Money reimagined with Michael Casey and Sallie Krawcheck. What is the investment case for crypto? 2:43 | The representation of women in the crypto industry. 5:04 | The resistance to diversity in crypto. 7:02 | How to break down myths about diversity? 8:49 | Sally’s background. 10:43 | Nick Mayer and solving the climate crisis while using Bitcoin. | How does carbon capture become profitable?13:02 | The dual purpose idea of Bitcoin.16:13 | Using Bitcoin as a force for good.

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, July 14, 2023.

"The Hash" tackles today's hot topics, including SEC Chair Gary Gensler addressing Ripple's partial court victory in its fight against the SEC last week. Crypto investment firm CoinFund has raised $158 million, according to Bloomberg. Legitimate CEO Calvin Chan discusses partnering with Puma and Roc Nation to release a sneaker collection. And, Binance ends its five-year partnership with the Argentine soccer association, just after a year, citing a breach of contract.

See also:

SEC's Gensler 'Disappointed' by Part of Ripple's XRP Judgement, Still Assessing Opinion

What Ripple’s Partial XRP Win Means for Other Crypto Firms Fighting SEC

Hip-Hop Collab Teams PUMA, Roc Nation and Legitimate for Sneaker Release

Binance Ends Argentina’s Soccer Association Partnership Citing Lack of Compliance

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin's negative correlation with the U.S. dollar index (DXY) is an indicator to watch before the Fed’s upcoming meeting.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Ron DeSantis Promises to Ban CBDCs if Elected President

Florida Governor Ron DeSantis: ‘Bitcoin Represents a Threat to the Current Regime’

Coinbase CEO Brian Armstrong to Meet House Democrats About Crypto Legislation: Bloomberg

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Monday, July 17, 2023 - by Noelle Acheson

Bitcoin Cannot Remain Indifferent to Dollar Index for Long: Analyst

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

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This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Consensus 2023 panel with Daniel Alegre and Rosie Perper.

Web3 promises to transform not just the internet but also most industries around the world. From the metaverse to NFTs, from marketing to entertainment, what are the latest developments and trends in the Web3 space? Experts and pioneers in the field will share their insights and experiences on how Web3 is changing business and culture live from Consensus in Austin, Texas.

Rosie Perper, CoinDesk’s deputy managing editor at CoinDesk, moderates the panel featuring Daniel Alegre, CEO of Yuga Labs.

This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of “Gen C,” we discuss the evolution of the beauty industry with Rachel and how emerging tech, from VR and AR to new social platforms like Threads, has challenged the ways she engages with consumers.

This episode is sponsored by Chainalysis.

Rachel has spent 16 years at L’Oréal where she’s shifted from marketing to digital strategy and innovation, to her current role as early stage investor at L'Oreal BOLD Ventures. Avery, Sam and Rachel talk about the early days of the beauty industry where products were primarily purchased in stores vs. online, how content creators play a large role in bringing awareness to new product launches and how EQ is at the heart of the human experience and connecting with consumers.

Links mentioned from the podcast:

  • Why Threads Got 100 Million Users When Other Twitter Rivals Could Not
  • Free Slurpee NFTs Served Up by 7-Eleven
  • Tokenized U.S. Treasuries Surpass $600M as Crypto Investors Capture TradFi Yield
  • Rachel's Twitter

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

From our sponsors:

Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive communities. But that doesn't come without its risks. Chainalysis helps Fortune 500 brands better understand and manage the risks in Web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in Web3 at www.chainalysis.com/genc.

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Ripple v. SEC lawsuit ruling falls short of settling the question of whether a digital asset meets the definition of a security under U.S. law.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP

Ripple Labs Ruling Throws U.S. Crypto-Token Regulation into Disarray

Ripple’s XRP Token Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Consensus 2023 panel with Angie Lau, Robert Habermeier, Sergey Nazarov, Emin Gün Sirer and Illia Polosukhin.

Web3 promises to transform not just the internet but also most industries around the world. From the metaverse to NFTs, from marketing to entertainment, what are the latest developments and trends in the Web3 space? Experts and pioneers in the field will share their insights and experiences on how Web3 is changing business and culture live from Consensus in Austin, Texas.

Angie Lau, editor-in-chief at Forkast Labs, moderates alongside panelists:

  • Robert Habermeier, co-founder of Polkadot
  • Sergey Nazarov, co-founder of Chainlink
  • Emin Gün Sirer, CEO of Ava Labs
  • Illia Polosukhin, co-founder of NEAR Protocol

This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk’s Michael Casey, titled: “The Real Use Case for CBDCs: Dethroning the Dollar.”

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Consensus 2023 panel with Erik Calderon and David Maisel.

The Founding Chairman of Marvel Studios who spearheaded the launch of the first Iron Man movie and the Marvel Cinematic Universe discusses his new digital art venture, the Ekos Genesis Art Collection, with one of the field's leading artists and founders.

Erick Calderon, founder and CEO of Art Blocks, speaks with David Maisel, founding chairman of Marvel Studios and Mythos Studios.

This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The bankrupt crypto lender misled the public from the beginning, several federal agencies allege in new lawsuits.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk’s Daniel Kuhn, titled: “Why Did Celsius Go Up in Flames? Alex Mashinsky Built Celsius a House of Cards.”

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, July 15, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • SEC Claps Back at Coinbase
  • Arkham's CEO Responds to Concerns of Privacy Advocates
  • Some Users Report Issues With Accessing FTX Claims Portal Online

Links to the headlines:

Coinbase Knew It May Have Been Violating the Law Prior to the SEC's Lawsuit, Regulator Claims

Arkham Intelligence Rolls Out Crypto Data Marketplace; Privacy Advocates Cry Foul

Federal Prosecutors Investigate Former FTX Executive Over Possible Campaign Law Violations: WSJ

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Consensus 2023 panel with Michael Casey, Caitlin Long, Neha Narula and Erik Voorhees.

The crash of 2022 laid bare how far the cryptocurrency industry strayed from its early ideals, becoming as opaque as the system it challenged, and this year’s banking panics have underscored its reliance on that system. On the eve of CoinDesk’s tenth anniversary, it's an appropriate moment to take stock of how the industry lost its way, and whether and how it can still deliver on its original promises of greater transparency and resilience. After all, bank runs and runaway inflation merely highlight the need to rethink the legacy paradigm.

Michael Casey, CoinDesk’s chief content officer, moderates alongside panelists:

  • Caitlin Long, founder and CEO of Custodia Bank
  • Neha Narula, director of Digital Currency Initiative
  • Erik Voorhees, founder of ShapeShift

This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 14, 2023.

"The Hash" tackles today's hot topics, including XRP overtaking BNB token to become the world's fourth-largest digital asset by market cap following Ripple's partial courtroom win. The panel digs into what the ruling could mean for the future of crypto regulation. Separately, bail for Celsius founder and former CEO Alex Mashinsky has been set at $40 million by a judge after his arrest. And, new details on what luxury fashion brand Gucci is doing in the world of NFTs.

See also:

XRP Overtakes BNB to Become 4th Largest Cryptocurrency; Funding Rates Surge

XRP Trading Volumes Hit $2.5B on South Korean Exchange UpBit

Ex-Celsius CEO Alex Mashinsky's Bail Set at $40M, Travel Restricted

Auction House of Gucci: Christie’s Teams Up With Luxury Brand on NFT Collection

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The candidate isn’t necessarily biased just because he owns BTC.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk’s Daniel Kuhn, titled: “The Big Robert F. Kennedy Jr. Bitcoin Nothingburger.”

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 13, 2023.

"The Hash" tackles today's hot topics, including Alex Mashinsky, the co-founder and former CEO of insolvent crypto lender Celsius, getting arrested following an investigation into the company's collapse. This comes amid a slew of separate lawsuits against Mashinsky and Celsius by the SEC, CFTC, FTC. Separately, Coinbase lawyers argue the Supreme Court's recent judgment on student debt cancellation aids its defense against the SEC. And, an update on Circle trimming its workforce and ending certain "non-core" activities.

See also:

Sale of XRP on Exchanges Not Investment Contracts, Court Rules in SEC Case Against Ripple

Ripple’s XRP Token Surges 28% After Court Rules XRP Sales Aren’t Investment Contracts

Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC

Coinbase CEO Brian Armstrong Asks Twitter Followers if Their BofA Accounts Were Closed Because of Crypto Transactions

Coinbase Cut to Underweight Ahead of Earnings by Barclays

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Jeff Wilser joins to explain how artificial intelligence may kill traditional trading, but the advantage may not last long. Plus, news on Justin Bieber’s Bored Ape NFT and Arkham Intelligence.

On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson dive into the latest crypto news.

  • [4:12] Inside the Desk: Everyone’s searching for AI integrations across all industries. What happens when AI meets crypto day-trading? Jeff Wilser explains how AI might be the new ‘edge’ – for now.
  • [18:00] Danny’s Dungeon: On-chain data provider Arkham Intelligence launched a bounty marketplace, featuring a native token. Danny argues the marketplace itself is enough of a business model and there’s no need for a token.
  • [24:22] Cam’s Corner: Justin Bieber’s Bored Ape NFT might be worth just $59,000. Why? Cam investigates what factors go into NFT appraisals.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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According to the U.S. Department of Justice (DOJ) Alex Mashinsky, the esteemed co-founder and former CEO of the now-defunct crypto lender Celsius, was apprehended in New York on Thursday. This arrest stems from a meticulous investigation into the intricate circumstances surrounding the company's unfortunate collapse.

Link to the Full Story:

Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

Mashinsky, alongside his co-defendants, faces a comprehensive set of allegations encompassing seven charges, including securities fraud, commodities fraud, wire fraud, and conspiracy to manipulate the price of Celsius' token CEL, as outlined in a meticulously prepared indictment by the U.S. Department of Justice (DOJ). The weight of these accusations is further emphasized by the simultaneous filing of multiple independent lawsuits against Mashinsky and Celsius by prominent regulatory bodies such as the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC).

Credits: Wondercraft Voice AI and CoinDesk crypto regulation and policy reporter Sandali Handagama.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Today’s show features a roundup of crime stories, from a Silk Road bitcoin wallet movement to former Celsius CEO Alex Mashinsky’s arrest.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data

Crypto Criminals Stealing Much Less Money in 2023: Chainalysis Report

Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Bitcoin Options Traders Shrug Off Post-CPI Choppy Price Action

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, July 12, 2023.

"The Hash" hosts tackle today's hot topics, including some users reporting issues accessing bankrupt crypto exchange FTX's newly-launched customer claims portal online. Plus, a deep dive into the latest debate on bitcoin and climate pollution as Greenpeace publishes a new report. And, why Cryptoys is integrating a kid-friendly AI chatbot into NFTs.

See also:

Federal Prosecutors Investigate Former FTX Executive Over Possible Campaign Law Violations: WSJ

BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC

Digital Toy Company Cryptoys Integrating Kid-Friendly AI Chatbot Into NFTs

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Elon Musk just announced the rollout of his new Artificial Intelligence (AI) company "xAI" to take on ChatGPT with the goal "to understand the true nature of the universe” according to the xAI website.

Link to story: Elon Musk's New ChatGPT Competitor Boosts AI-Related Crypto Tokens

credits: Wondercraft AI Voice & Aoyon Ashraf CoinDesk's managing editor for Breaking News.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As one of the world's largest asset management firms, BlackRock has shown a keen interest in the digital currency space.

On this episode of “Money Reimagined,” Michael Casey and Sheila Warren chat with Noelle Acheson, former Head of Research at CoinDesk, also Head of Marketing at Genesis, and now Author of the must-read newsletter ‘Crypto is Macro Now’; to delve further into why BlackRock is interested in Bitcoin and how its institutionalization is shaping the market. They further discuss the implications of BlackRock's involvement and its goals for the future.

In addition, Casey, Warren, and Acheson examine the positive spin on crypto regulation in Europe and how it has taken years to get to this point. With the European Union's proposed regulatory measures and the role of the state in driving innovation, they analyze the potential impact on the value of Bitcoin and the future of privacy services.

Clip: BlackRock CEO Larry Fink Says Bitcoin Is a Hedge Against the Devaluation of Your Currency

Story Links:

Larry Fink Doesn't Get It, Macro Drama, BTC Dominance

Crypto is Macro Now

BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred

Will BlackRock's Bitcoin ETF Take the Spirit Out of the Honey Badger?

Summary List:

The Institutionalization of Crypto. 0:00 | Blackrock Ceo’s thoughts on Bitcoin. 1:53 | Does it really matter?5:03 | What’s the goal here for BlackRock? 9:50 | The Role of Institutions in the Market. 15:11 | Challenges for traditional financial institutions to engage with Bitcoin. | The positive take on regulation in Europe. 21:24 | How long did it take to get these laws passed? 24:15 | What is the value of Bitcoin? 28:22 | The role of the state in driving innovation. 32:06 | The perfect reason why a universal wallet is important. 35:34

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CPI came in cooler than expected, but it’s likely not enough to convince the Fed to not raise rates later this month.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

BlackRock’s (BLK) Bitcoin (BTC) ETF Application Takes Market Surveillance to the Next Level

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Bitcoin Continues in Holding Pattern Ahead of June U.S. Inflation Data

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, today’s top headlines from Arkham, Grayscale and the Bank for International Settlements.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Crypto Startup Arkham Has Apparently Been Doxxing Users for Months

Grayscale Argues Leveraged Bitcoin Futures ETF Approval Shows Spot ETF Should Be Approved

Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ the Bank for International Settlements (BIS) Said After the FTX and Terra Collapses

Gridless Uses Bitcoin Mining to Power Rural Africa - Crypto Projects to Watch 2023 - CoinDesk

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: GBTC Discount Narrows to Lowest Since May 2022

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, July 11, 2023.

"The Hash" hosts discuss today's hot topics in crypto, including an update on Arkham Intelligence after the crypto data firm announced a new service aimed at unmasking the owners of digital wallets, angering privacy-focused crypto advocates. A new Chainalysis report states Multichain's "recent problems have some suspicious of a rug pull." The European Commission published its plans for the metaverse. And, Vanguard increases its exposure to some bitcoin mining stocks.

See also:

Arkham Intelligence Rolls Out Crypto Data Marketplace; Privacy Advocates Cry Foul

Crypto Startup Arkham Has Apparently Been Doxxing Users for Months

EU’s Metaverse Vision Focuses on Standards, Governance and Funding

EU Metaverse Strategy Set to Examine Privacy, Competition and Rights

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, the Federal Reserve’s vice chair for supervision looks to boost the U.S. banking system’s resilience.

Today's Stories:

Coinbase Knew It May Have Been Violating the Law Prior to the SEC's Lawsuit, Regulator Claims

America’s Biggest Banks Are Going to Need More Capital - WSJ

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Bitcoin Holding Above $30K After Quiet Weekend

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 10, 2023.

"The Hash" hosts explore today's hot topics, including the SEC arguing in a new filing last week that Coinbase acknowledged federal securities laws could apply to its listings years ago. Financial records obtained by CNBC show presidential candidate RFK Jr. bought bitcoin despite saying otherwise. Arkham Intelligence has started a marketplace that will let people buy and sell on-chain crypto data. And, Sarah Silverman and two authors are suing Meta and OpenAI over copyright infringement.

See also:

Coinbase Knew It May Have Been Violating the Law Prior to the SEC's Lawsuit, Regulator Claims

What Is ActivityPub? Understanding the Social-Media Protocol Meta’s Threads Plans to Use

Legal Expert Addresses Twitter's Lawsuit Threat Against Meta Over Threads

Threads is Libra and Meta All Over Again

Arkham Intelligence Rolls Out Crypto Data Marketplace; Privacy Advocates Cry Foul

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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Seth Goldstein has consistently been at the forefront of technological innovation. From the nascent stages of the Internet to his role as Entrepreneur-in-residence at Union Square Ventures, he has continually pushed the boundaries of what is possible. He is now pushing forward the generative art movement with Bright Moments.

This episode is sponsored by Chainalysis.

Seth is a serial entrepreneur who has had a large number of successful companies and a few others that may have been launched a bit before their time. With Avery away, Seth and Sam go deep into Seth’s history, how he thinks about innovation and being ahead of the curve and we hear the origin story and current state of his much beloved generative art organization, Bright Moments, and how over the last two years they have circumnavigated the globe highlighting the innovation of digital art and on-chain ownership.

Links mentioned from the podcast:

  • Lacoste Expands Its NFT Ecosystem With New Rewards
  • Harry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards
  • Bright Moments Website
  • Seth's Twitter

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

From our sponsors:

Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive communities. But that doesn't come without its risks. Chainalysis helps Fortune 500 brands better understand and manage the risks in Web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in Web3 at www.chainalysis.com/genc.

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control.

Today’s featured story is an opinion piece from Noelle Acheson, titled: “How Central Bankers Are Reshaping the Definition of Money.”

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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If Musk wants to build an instant cross-border network, he'll find central bank real-time systems have moved on quite a bit since his days at PayPal, says J.P. Koning.

Today’s featured story is an opinion piece from J.P. Koning, titled: “Elon, You Don’t Need Crypto to Do Twitter Payments.”

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, July 8, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Twitter's New Daily Reading Limits
  • Valkyrie Refiles for Spot Bitcoin ETF
  • New Report Unpacks Tom Brady’s Fallout With FTX
  • Gemini Sues Digital Currency Group

Links to the headlines:

Twitter Now Has Daily Reading Limits on Number of Tweets Users Can Read

Valkyrie Refiles for Spot Bitcoin ETF With Coinbase as Surveillance Partner

Tom Brady's NFT Startup Autograph Shifts Strategy Amid Struggles: NYT

Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging 'Fraud'

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 7, 2023.

"The Hash" tackles today's hot topics, including Gemini suing Digital Currency Group, alleging the industry conglomerate and its founder Barry Silbert committed "fraud" through DCG subsidiary Genesis. CoinDesk is owned by DCG. Kraken co-founder Jesse Powell is being investigated on claims that he hacked and cyberstalked a non-profit that he founded. And, Twitter threatens to sue Meta over its 'Threads' app.

See also:

Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging 'Fraud'

Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis

Kraken Co-Founder Jesse Powell Under Federal Investigation on Claims of Hacking, Cyberstalking Non-Profit

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Today's Bureau of Labor Statistics release marks the last national employment report before the Federal Reserve's late July interest rate policy meeting.

Today's Stories:

U.S. Added 209K Jobs in June, Missing Expectations for 230K

Top Binance Execs Leave Company Over CZ's Handling of DOJ Investigation: Report

Binance CEO 'CZ' Brushes Off News of Top Executive Departures

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

CME FedWatch Tool

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Featuring Mauricio Magaldi, global strategy director of crypto at 11:FS and host of “Blockchain Insider” podcast.

On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson tackle the latest news in crypto.

  • [1:34] Mauricio Magaldi and the hosts navigate through a wide-ranging conversation including the internet of ownership, the use of blockchain in AI training data, global crypto hubs and CBDCs.
  • [27:50] Cam’s Corner: Popular NFT brand Azuki botched its latest mint. This mishap is yet another reminder of the precarious state of the NFT market.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 6, 2023.

"The Hash" hosts discuss today's hot topics in crypto, including a New York Times report that details how NFL legend Tom Brady's sponsorship deal with FTX turned sour after the exchange filed for bankruptcy. Facebook parent Meta launches the 'Threads' app, taking aim at Twitter. BlackRock CEO Larry Fink says bitcoin could "revolutionize finance." And, a closer look into crypto infrastructure firm Chainlink's proof-of-reserves service.

See also:

Tom Brady's NFT Startup Autograph Shifts Strategy Amid Struggles: NYT

BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’

Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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BlackRock CEO Larry Fink recently praised Bitcoin’s potential in the world of finance.

Today's Stories:

Americans Have Quit Quitting Their Jobs - WSJ

BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC

Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

BlackRock CEO Larry Fink Says Bitcoin Could 'Revolutionize Finance'

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 5, 2023.

"The Hash" unpacks today's top stories in crypto, including Valkyrie Digital Assets refiling its application for a spot bitcoin exchange traded fund (ETF) with the U.S. Securities and Exchange Commission. Plus, a closer look at why the floor price of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection sunk below 30 ETH (about $58,700) on Sunday. And, an update on the founders of the bankrupt crypto hedge fund Three Arrows Capital.

See also:

Valkyrie Refiles for Spot Bitcoin ETF With Coinbase as Surveillance Partner

Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low

Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto trading volumes rose in June for the first time in three months but spot trading volumes are at historically low levels.

Today's Stories:

Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis

BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as 'Surveillance-Sharing' Partner

Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Crypto Trading Volumes Rise for First Time in 3 Months Amid ETF Optimism

Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says

Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by EY.

On this episode of “Money Reimagined,” Michael Casey and Sheila Warren engage in a captivating conversation with Brady Dale, a reporter from Axios and the author of the book "SBF: How the FTX Bankruptcy Unwound Crypto's Very Bad Good Guy."

Brady shares his insights into the fascinating story behind the FTX bankruptcy and its impact on the world of cryptocurrency. The discussion delves into the political philosophy of crypto, taking stock of the current crypto landscape, and the motivations behind Brady's decision to write a first-person account of the crypto industry. Join them as they navigate through the complexities of crypto, exploring its triumphs, controversies, and the powerful characters that shape its future.

Topic Links and Stories:

Axios.com/authors/bdale

SBF: How the FTX BankruptcyUnwound Crypto’s VeryBad Good Guy

Thanks Sam! How FTX Led to World’s Worst Crypto Policy

5 Lessons From 2022 That Changed Crypto Forever

Summary List:

  • 0:00 Introducing brady dale, former co-writer at Axios crypto newsletter. | How fx bankruptcy unwound crypto. | The Political philosophy of crypto. 1:17 | Why did Brady Dale decide to write a book about cryptocurrency? 3:36 | The three most important cryptocurrencies are Bitcoin, Ethereum and Dogecoin. | Dogecoin’s original NFT and how it evolved. 8:44 | How did you first meet Sam? 13:17 | The calculus of what to do right. 20:05 | The EA movement and Sam. 23:40 | Disdain of institutions and disruption. 28:06 | Greatness and the rise of DeFi. 29:15 | A period of silence on social media. 32:58 | We are tribal creatures and tribes need leaders. 36:32 | Don’t Trust Verify. 38:18 | The inevitability of crypto’s future. 43:00

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

From our Sponsor:

EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.com

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 3, 2023.

"The Hash" discusses today's top stories, including Elon Musk announcing Twitter setting up new "temporary limits" on the number of tweets users can read per day. Plus, Atrium Founder and CEO Supriyo Roy joins the show to discuss releasing an animated film funded by a DAO that brings NFTs to life. And, an update on Azuki a week after the Elementals NFT mint.

See also:

Twitter Now Has Daily Reading Limits on Number of Tweets Users Can Read

First Animated Film Funded by a DAO Brings Nouns NFT Collection to Life

Azuki Teases Anime Series, New Artwork After Missing the Mark on Elementals Mint

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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.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This week, we sat down with entrepreneur and trend curator, Jeff Carvalho, to get his perspective on how one builds culture and communities and their intersection in Web3. We also explore his journey from pharmacy school to co-founding global fashion media brand, Highsnobiety.

This episode is sponsored by Chainalysis.

Jeff Carvalho is the co-founder of Highsnobiety, co-founder of Burrata, and host of the “Culture Club” talk show. He shares his perspective on how technology and culture intersect in Web3 and the impact it has on bringing more users to the space. Plus, Avery and Sam discuss a quick recap of the Cannes Lion Festival.

Links mentioned from the podcast:

  • Highsnobiety Website
  • Burrata Website
  • Culture Club on Twitter
  • Jeff on Twitter

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

From our sponsors:

Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive communities. But that doesn't come without its risks. Chainalysis helps Fortune 500 brands better understand and manage the risks in Web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in Web3 at www.chainalysis.com/genc.

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Meet George Kaloudis, the new host of CoinDesk’s “Markets Daily.”

Get to know George and his written work:

https://twitter.com/gckaloudis

The Node - The biggest crypto news and ideas of the day

George Kaloudis | CoinDesk Author

We want to hear from you! Listeners can email podcasts@coindesk.com with any questions or feedback.

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Financial stewards including the International Monetary Fund and Bank for International Settlements say tokenization is the future. They’re wrong.

Today’s featured story is an opinion piece from CoinDesk’s George Kaloudis, titled: “Step Aside 'Blockchain Technology', IMF and BIS Have a New Crypto Buzzword.”

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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New claims put Sam Bankman-Fried and his friends even closer to the center of a brazen conspiracy.

Today’s featured story is an opinion piece from CoinDesk’s David Z. Morris, titled: “The Second FTX Asset Recovery Report Is Packed With Bombshells.”

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, July 1, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • 2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft
  • Fidelity Reportedly Gears Up to Submit Spot Bitcoin ETF Filing
  • Microstrategy Now Holds Over $4.6B Worth of Bitcoin
  • FTX Reportedly Begins Talks to Reboot International Crypto Exchange

Links to the headlines:

2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme

Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report

MicroStrategy's Bitcoin Purchases Tend to Be Short-Term Negative for Prices, Research Shows

Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin

FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B

FTX Customers Have Until End-September to Submit Bankruptcy Claims

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, June 30, 2023.

"The Hash" explores today's top stories in crypto, including bitcoin plunging after the SEC reportedly said recent filings to launch a spot bitcoin ETF are inadequate. Meanwhile, Melania Trump is out with a new NFT collection ahead of Independence Day. Celsius was granted permission to start liquidating its altcoins. And, a conversation regarding Prometheum and the future of crypto compliance in the U.S.

See also:

Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate

SEC vs Coinbase Case Set for July 13 After Exchange’s ‘Creative' Opening Response

The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance

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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.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Adam B. Levine zooms in on the important factors to keep in mind as the next few years unfold.

Today's Stories:

Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate

SEC vs Coinbase Case Set for July 13 After Exchange's 'Creative' Opening Response

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Fidelity Joins the Rush for Spot Bitcoin ETF

SEC Says Spot Bitcoin ETF Filings Are Inadequate - WSJ

https://twitter.com/EricBalchunas/status/1674777296438165505/photo/1

Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate

SEC vs Coinbase Case Set for July 13 After Exchange's 'Creative' Opening Response

This episode was hosted by Adam B. Levine and George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, June 29, 2023.

"The Hash" hosts discuss today's top stories in crypto, including FTX reportedly discussing plans to restart its flagship international crypto exchange. Separately, Coinbase claims the SEC has no jurisdiction over the digital assets listed on its platform. And, Total Marketing Web3 Partner Matt Varnell joins the show to discuss how an NFT project made its way onto Lowe's website.

See also:

FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B

FTX Customers Have Until End-September to Submit Bankruptcy Claims

Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers

SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response

Home Improvement Giant Lowe's Is Selling an Mfers Meme NFT Garden Flag

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin is back to its winning ways. Plus, today’s top stories.

Today's Stories:

Interest On The National Debt Poised To Rise At An Alarming Rate | ZeroHedge

Treasury Bill Barrage Is Just a Prelude to Longer-Term Debt Deluge - BNN Bloomberg

Canadian Lawmakers Call for National Blockchain, Crypto Strategy

ECB to Start Wholesale CBDC Settlement Trials in 2024

Mastercard Is Piloting Tokenized Bank Deposits in New UK Testbed

Tokenization Is Likely to Transform Infrastructure and Financial Markets: Bank of America

SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response

Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Asia: Bitcoin Retreats, Quickly Regains $30K Perch as Investors Mull ETF Timing, Inflation

Futures Rise As Fed Stress Test Reassures Banks Are Fine | ZeroHedge

This episode was hosted by Adam B. Levine and George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Oliver von Landsberg-Sadie, CEO of BCB Group, discusses what U.K. and EU regulation might teach us about the future of global crypto policy.

On “Carpe Consensus,” hosts Danny Nelson and Cam Thompson dive into the latest crypto news.

  • [2:46] Inside the Desk: Nik De joins to recap when CoinDesk put crypto’s motto of “Don’t Trust, Verify” to practice. CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after the original filing in 2021 and only after a full-blown legal fight with Tether.
  • [11:28] Oliver von Landsberg-Sadie, CEO of BCB Group, discusses the tenuous balance of trust and compliance in the world of U.K. and European Union (EU) regulation, and what it might teach us about the future of global crypto policy.
  • [29:47] Crypto Hubs: Crypto is on the move to find the best locales to put down roots, get licensed, register or just be. CoinDesk’s ranking of the top 15 global crypto hubs is a good place to start.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, June 28, 2023.

"The Hash" hosts explore today's biggest topics in crypto, including Michael Saylor's MicroStrategy buying over 12K bitcoin for $347 million in the last two months. Meanwhile, crypto custody firm Ledger is targeting institutions with an open, enterprise-grade trading platform. Plus, the European Commission published its legislative plans to underpin a digital euro. And, a closer look at why the floor prices of Chiru Labs' popular Azuki NFT collection fell recently.

See also:

MicroStrategy's Bitcoin Purchases Tend to Be Short-Term Negative for Prices, Research Shows

Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin

Crypto Custody Firm Ledger Introduces Institutional-Grade Trading Network

EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee

Azuki NFT Prices Slide 44% After Creator Releases 'Basically Identical' Elementals

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin continues positive signaling with some analysts predicting a year-end target price of $45k.

Today's Stories:

Nevada Files to Place Crypto Custodian Prime Trust Into Receivership

EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee

Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue

BlockFi Creditors File to Liquidate Estate, Accuse Lender of Squandering Millions

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Bitcoin Bulls Getting Ready for Seasonal Surge: Matrixport

First Mover Asia: Bitcoin Maintains $30K as 'the Economy Isn't Breaking Just Yet'

This episode was hosted by Adam B. Levine and George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by EY.

On this episode of “Money Reimagined,” Michael Casey comes to us from theUncharted Summit, at Michael Loeb’s expansive house in the Hamptons, and speaks with Mike Novogratz, the CEO and founder of Galaxy Digital about property rights, ETF’s and Galaxy’s partnership with Invesco.

From Site:

About Uncharted - is a community of some of the world's most preeminent founders and funders to facilitate conversations, promote the exchange of ideas, introduce people to new friends, and re-introduce old ones to build a supportive network for collaboration and cooperation.

Uncharted Summit - Our flagship event offers a truly one-of-a-kind summit of the world’s best entrepreneurs and investors. This is an all-day event galvanized by remarkable panels and panelists trying to Chart the Unchartable.

Topic Links and Stories:

Uncharted

Will BlackRock's Bitcoin ETF Take the Spirit Out of the Honey Badger?

Circle’s Allaire Says Bitcoin ETFs Likely to Be Approved: Bloomberg

Summary List:

  • From the Uncharted Summit. 0:00 The importance of private property. 0:55 The democratization of the digital economy. 3:03 The new generation of glass. 4:59 Blockchain tickets and how they work. 6:57 How do we get to a policy framework for adoption? 8:54 Decentralization vs centralized crypto projects. 10:44 Is there a regulated security for ETFs? 12:40

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

From our Sponsor:

EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.com

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, June 27, 2023.

"The Hash" hosts unpack today's top stories, including The Block reporting that Fidelity is expected to submit a spot bitcoin ETF filing. Meanwhile, the founder of Damus expects Apple to remove the decentralized social media platform from its App Store. Plus, the EU secured a political deal on new crypto bank-capital legislation. And, Robinhood will end support for three tokens named as securities in the SEC's recent lawsuits.

See also:

Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report

Jack Dorsey Questions Apple's Tim Cook Over Bitcoin Support as Damus Deplatforming Looms

Damus Founder Now Expects Deplatforming From Apple App Store

EU Seals Deal on Crypto Bank-Capital Rules

ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto funds saw the largest inflows in a year, primarily in bitcoin-related products.

Today's Stories:

Circle’s Allaire Says Bitcoin ETFs Likely to be Approved: Bloomberg

EU Seals Deal on Crypto Bank-Capital Rules

Zimbabwe's Gold-Backed Digital Token Won't Fix the Country's Currency Woes, Economists Say

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Crypto Funds See Largest Inflow in a Year

Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry

This episode was hosted by Adam B. Levine and George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin futures markets are seeing large inflows.

Today's Stories:

Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg

SEC Sought Freeze Order Despite ‘No Evidence’ That Binance Was Moving U.S. Customer Funds

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Bitcoin Retreats Slightly From 12-Month High

ProShares' Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a Year

Bitcoin Futures Attract Biggest Bets Since Terra's Collapse

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, June 26, 2023.

"The Hash" explores today's biggest stories in crypto including six engineers proposing a Terra Classic ecosystem revival plan for the blockchain. Meanwhile, a British man received a 5-year sentence from a federal judge on an elaborate Twitter hack and a separate crypto-related SIM-swapping scheme, Inner City Press reported. Plus, Bernstein says the U.S. has room for a compliant crypto ETF to grow market share as a bitcoin on-ramp. And, Singapore's central bank is proposing ways to design open, interoperable networks for tokenized digital assets.

See also:

Terra Classic Revival Plans Continue as 6 Engineers Aim to Revive LUNC Ecosystem

2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme

U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein

Singapore's MAS Proposes Design Framework for Interoperable Digital Asset Networks

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In this episode, special guest host Cam Thompson from CoinDesk and Sam talk about all of the latest stories and deep dive into metaverse learning and how the German Intelligence division is using NFTs to recruit talent.

Cam Thompson is CoinDesk’s web3 journalist and is also a host of the “Carpe Consensus” podcast on the CoinDesk Podcast network. Cam and Sam break down the latest stories and trends on what is happening in AI, NFTs and metaverse learning.

Links mentioned from the podcast:

  • Brycent Playing the Nike x Fortnite collaboration
  • Alethea AI and ChatGPT
  • German Intelligence Uses NFTs to Recruit Talent
  • UNIC Metaverse Masters Degree
  • Cam on Twitter

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

From our sponsors:

Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive communities. But that doesn't come without its risks. Chainalysis helps Fortune 500 brands better understand and manage the risks in Web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in Web3 at www.chainalysis.com/genc.

-

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new Web3 applications with peace of mind knowing that PayPal has your back. Buy, sell, HODL, transfer, send and checkout with crypto. All with PayPal. Get started today at PayPal.com/crypto.

-

WineChain revolutionizes fine wine as an alternative asset class on Polygon. Top wineries mint rare cuvées as NFTs backed by physical bottles, tradable on our marketplace. Experience unmatched liquidity and seamless storage and shipping. Create your account at winechain.co to access our most exciting drops of the summer!

-

"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A sneak peek at the looming crypto regulation prize fight between the U.S. securities watchdog and largest domestic crypto exchange highlights that everyone is talking past each other.

Featured Story: An opinion piece by David Z. Morris, titled: “Coinbase Policy Chief Shirzad Squares Off With SEC Enforcement Director Grewal.”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Chainalysis VP Caroline Malcolm lays out the pillars she'd advocate for in any U.S. legislative proposal, informed by her experience of working with governments and industry players worldwide.

Featured Story: An opinion piece by Caroline Malcolm, titled: “Chainalysis VP Caroline Malcolm: U.S. Crypto Policy Needs to Accomplish These 3 Things.”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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his episode is sponsored by PayPal.

A roundup of the week’s most valuable crypto stories forSaturday, June 24, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Do Kwon Sentenced to Four Months in Montenegro Jail
  • Court Examiner Says FTX's Bankruptcy Fees Already Topped $200M
  • BitGo Terminates Acquisition of Rival Prime Trust

Links to the headlines:

Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case

FTX’s Bankruptcy Fees Already Topped $200M, Court Examiner Says

Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal.

The most valuable crypto stories for Friday, June 23, 2023.

"The Hash" tackles today's hottest topics in crypto, including Alameda Research seeking the return of $700 million founder Sam Bankman-Fried appears to have paid for access to celebrities and politicians. Plus, Coinbase CEO Brian Armstrong envisions the exchange's platform to becoming a global "super app" like the popular WeChat. Meanwhile, the International Monetary Fund (IMF) states banning crypto may not be the best way of mitigating the associated risks. And, the Financial Action Task Force (FATF) says most jurisdictions are not complying with global crypto laundering norms.

See also:

Alameda Seeks Return of $700M Paid to ‘Super Networkers’ for Celebrity, Political Access

Brian Armstrong Envisions Coinbase Eventually Becoming a 'Super App'

Crypto Ban May Not Be Best Approach to Balance Risk, Demand: IMF

Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at UK mortgages, IMF updates and more top headlines.

Today's Stories:

Stubborn UK Inflation Triggers a Mortgage Crisis for Millions

Jeremy Hunt, Banks Agree Repossession Pause to Slow UK Mortgage Pain

Crypto Ban May Not Be Best Approach to Balance Risk, Demand: IMF

Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust

Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says

Alameda Seeks Return of $700M Paid to 'Super Networkers' for Celebrity, Political Access

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Matrixport's Bitcoin Greed & Fear Index Surpasses 90%, Suggests Bull Breather Ahead

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The largest cryptocurrency by market capitalization has been surging this week after three financial services giants filed applications for spot bitcoin ETFs.

"Bitcoin Hits One-Year High, Soars Past $31.3K"

This episode used Wondercraft Voice AI. Original reporting by James Rubin.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal.

The most valuable crypto stories for Thursday, June 22, 2023.

"The Hash" tackles today's biggest stories in crypto, including cryptocurrency custodian BitGo ending its acquisition of rival Prime Trust. Plus, a closer look at why German Intelligence Agency Bundesnachrichtendienst (BND) has released a non-fungible token (NFT) collection to recruit talent through a gamified blockchain treasure hunt. Meanwhile, some lobby groups and crypto companies in the U.K. believe the digital pound should be interoperable with crypto to be suitable for the future.”

See also:

Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust

German Intelligence Agency Releases NFT Collection to Recruit Talent

Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In this special partner episode, we focus on how Chainalysis brings a security mindset to brands operating in the NFT space and we speak with Bang & Olufsen on their recent audio-focused NFT launch.

Bang & Olufsen has been in the luxury audio space since 1925 with an eye towards design and high end customer experiences. They turned to Chainalysis to ensure that they were utilizing best practices in their tech stack to not only ensure that they were operating in a safe and secure manner but also that the consumers who were buying their NFTs were not funneling dark money into their purchase. Chainalysis’ Ian Andrews (CMO) and B&O’s Christoffer Poulsen join us to discuss how it all came together in this special sponsor episode.

Links mentioned from the podcast:

  • Chainalysis Website
  • Bang & Olufsen’s DNA Collection
  • Ian on Twitter
  • Christoffer on LinkedIn

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

From our sponsors:

Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive communities. But that doesn't come without its risks. Chainalysis helps Fortune 500 brands better understand and manage the risks in Web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in Web3 at www.chainalysis.com/genc.

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Hint: It likely has to do with making money.

Featured Story: An opinion piece by George Kaloudis, titled: “A Straightforward Explanation for Why Financial Giants Want to Issue a Spot Bitcoin ETF”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal.

The most valuable crypto stories for Wednesday, June 21, 2023.

"The Hash" explores today's top stories in crypto, including FTX’s bankruptcy fees already topping $200 million, according to a court-appointed examiner. Separately, Berenberg's recent research suggests stablecoins and DeFi are likely to become the next targets in the U.S. Securities and Exchange Commission (SEC)'s crypto crackdown. And, the Monetary Authority of Singapore (MAS) is proposing common conditions for retail payments with digital money on a distributed ledger.

See also:

FTX’s Bankruptcy Fees Already Topped $200M, Court Examiner Says

Stablecoins, DeFi Likely to Be SEC’s Next Targets in U.S. Crypto Crackdown: Berenberg

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Institutions are back and they’re flooding into crypto. “Markets Daily” looks at the latest ETF updates.

Today's Stories:

Crypto Exchange Gemini to Expand Asia-Pacific Operations to Capture 'Next Wave' of Growth

Invesco Reapplies for Bitcoin ETF, Advocates for More Crypto Investment Products

Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches With Additional Investors

EU Commission Brushes Off Data Act Fears by Crypto Industry

Digital Euro: The Bill Is Ready but Politicians Aren't Convinced

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Bitcoin Crosses $29K for First Time in Over a Month

Bitcoin Trendline Breakout Suggests Continued Rally to $30.4K: Analyst

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by EY.

On this episode of “Money Reimagined,” Michael Casey and Sheila Warren speak with the Head of Research at the Bank for International Settlements (BIS), Hyun Song Shin, about the recent release of the Annual Economic Report; discussing the tokenization of deposits and the creation of a unified ledger in which tokenized assets, deposits, and CBDCs could interact in the same platform. Casey, Warren, and Shin take a closer look at the challenges central banks are currently facing and dive into the immobilizing or locking of real-world assets and the legal impediments to tokenization.

Topic Links:

Bank for International Settlements

Annual Economic Report 2023

Summary List:

Introduction to the BIS Economic Report Chapter 3. 1:35 The power of digital currencies and central banks. 4:39 How to harness the power of tokenization. 7:47 The wholesale vs. retail CBDC debate. 12:22 The singleness of money and stablecoins. 15:00 The central bank is the most trustworthy actor. 19:01 Singleness of money and interoperability. 20:23 Importance of preserving the value of money. 22:45 Support from central banks around the world. 26:13

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

From our Sponsor:

EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.com

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal.

The most valuable crypto stories for Tuesday, June 20, 2023.

"The Hash" explores today's top stories in crypto, including Terraform Labs founder Do Kwon being sentenced to four months in jail by a Montenegro court after being found guilty of document forgery. Separately, Alibaba announced Joseph Tsai, one of its founders, will step into the role of chairman at the company this September. Plus, EDX Markets, which has funding from financial heavyweights like Charles Schwab, announces the launch of its digital asset market. And, Binance has set up Lightning nodes on the Bitcoin network.

See also:

Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case

Alibaba's Crypto-Friendly Joseph Tsai Set to Become Chairman

Binance Sets Up Bitcoin Lightning Nodes to Ease Deposits and Withdrawals

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“Markets Daily” explores a potential undercurrent of demand for crypto markets despite regulatory uncertainty. Plus: a look at the IMF’s blueprint for cross-border CBDCs.

Today's Stories:

IMF Official Presents Blueprint for Cross-Border CBDCs

EU Legislation for Digital Euro Is Put on Hold: Source

Ethereum Scanner Etherscan Adds OpenAI-Based Tool to Analyze Smart Contract Source Code

Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Asia: Bitcoin 'Looks Vulnerable': Analyst

Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation

Tokenization Could be a $5T Opportunity Led by Stablecoins and CBDCs: Bernstein

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In this episode, we discuss how legacy brands are building and growing in this creator economy and the importance of finding communities that are aligned with their mission.

Coming off of a recent collaboration between World of Women and Cloudy Bay Vineyards (LVMH) in Lisbon, Shannon and Tatiana share their insights on ideal brand partnerships, previous executions in Web3 like WoW’s partnership with Nicole Richie’s House of Harlow and the correlation between Web3, socializing and IRL events.

Links mentioned from the podcast:

  • Fewocious Announces Adidas Collab
  • Guy Fieri and Sammy Hagar Launch Web3 Tequila Loyalty Program
  • Snoop Dogg Drops New NFTs That Evolve With His Tour
  • Shannon on Twitter
  • Tatiana on Twitter

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

From our sponsors:

Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive communities. But that doesn't come without its risks. Chainalysis helps Fortune 500 brands better understand and manage the risks in Web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in Web3 at www.chainalysis.com/genc.

-

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new Web3 applications with peace of mind knowing that PayPal has your back. Buy, sell, HODL, transfer, send and checkout with crypto. All with PayPal. Get started today at PayPal.com/crypto.

-

WineChain revolutionizes fine wine as an alternative asset class on Polygon. Top wineries mint rare cuvées as NFTs backed by physical bottles, tradable on our marketplace. Experience unmatched liquidity and seamless storage and shipping. Create your account at winechain.co to access our most exciting drops of the summer!

-

"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An attempt at classifying decentralized, open-source protocols as regulated exchanges is a "gussied up ban on blockchain in the U.S.," ConsenSys lawyer Bill Hughes writes.

Featured Story: An opinion piece by Bill Hughes, titled: “SEC’s DeFi Rulemaking Do-Over May Be Unconstitutional”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Who needs blockchain when you have a blockade?

Featured Story: An opinion piece by Daniel Kuhn, titled: “Blockades and Blockchains: What the Reddit Boycott Has to Do With AI and Crypto”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories forSaturday, June 17, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • A16z Chooses London for First Office Outside U.S.
  • Hinman Documents Released Amid Ongoing Ripple vs SEC Lawsuit
  • U.S. Treasury Explores Privacy Concerns of Digital Dollar
  • BlackRock Close to Filing for Bitcoin ETF Application

Links to the headlines:

A16z Chooses London as Destination for First Office Outside U.S.

Hinman Emails Reveal 2018 Speech on Ether Drew Input From Multiple SEC Officials

U.S. Treasury Examining How Using Digital Dollars Could Be Kept Private

BlackRock Close to Filing for Bitcoin ETF Application: Source

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories Friday, June 16, 2023.

"The Hash" hosts unpack today's top stories: Binance's French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump's NFT project.

See also:

Binance Under Investigation in France for 'Aggravated' Money Laundering

Binance to Quit Netherlands After Failing to Acquire License

Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say

Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, “Markets Daily” takes a look at the future of commercial real estate, with San Francisco as a case study.

Today's Stories:

Park Hotels stops payments on $725M CMBS loan, plans to cut San Francisco exposure

San Francisco hit again as large mall owner walks away | Reuters

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: BlackRock Files for a Spot Bitcoin ETF

Bitcoin Correlations Continue On-Again, Off-Again Relationship With Traditional Finance

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories Thursday, June 15, 2023.

"The Hash" hosts take a deep dive into today's hot topics in crypto: BlackRock, the world's biggest asset manager, is close to filing an application for a Bitcoin ETF, according to a CoinDesk source. The Hong Kong Monetary Authority put pressure on 3 major banks to take on crypto exchanges as clients, the Financial Times said. Apple (AAPL) has rejected the latest version of non-custodial Lightning-enabled bitcoin wallet Zeus, according to a tweet by Zeus founder Evan Kaloudis. Plus, Telos Foundation Head of Business Development AJ Dinger joins the show to discuss its new partnership with Gamestop.

See also:

BlackRock Close to Filing for Bitcoin ETF Application: Source

Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients: Report

Apple Rejects Bitcoin Wallet Zeus a Day After Threatening to Delist Damus

GameStop Teams Up with The Telos Foundation to Grow Web3 Gaming Strategy

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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BlackRock will be using Coinbase Custody for the ETF and the crypto exchange’s spot market data for pricing, the source said.

"BlackRock Close to Filing for Bitcoin ETF Application: Source"

This episode used Wondercraft Voice AI. Original reporting by Ian Allison.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Fed’s stagnant core interest rate decision is being characterized as a “pause” rather than an end.

Featured Story: An opinion piece by Daniel Kuhn, titled: “Ripple Does Not Care Whether XRP Is 'Sufficiently Decentralized'”

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop

First Mover Americas: Bitcoin Tumbles Below $25K

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by EY.

On this episode of “Money Reimagined,” Michael Casey and Sheila Warren first discuss recent regulation stories that seem to dominate the news everywhere concerning the SEC and its most recent lawsuits against crypto exchanges and the Ripple/Hinman documents. Warren and Casey then examine the newfound role of NFTs (Non-Fungible Tokens) in the Digital Economy as well as who controls monetization in the digital space.

Topic Links:

The SEC Has Started an All-In Political Battle Over Crypto

Why William Hinman’s Emails Matter to the XRP Army and the Crypto’s Price

Guy Fieri and Sammy Hagar Launch Web3 Tequila Loyalty Program

Snoop Dogg Drops New NFTs That Evolve With His Tour

FEWOCiOUS and Adidas Team Up on Digital and Physical NFT Sneakers

Summary List:

News of the Week. 0:00 Understanding the complexity of the digital media space. 4:11 Snoop Dogg NFT. 8:11 Where the “F” is the money? 9:28 Nft’s role in the digital economy. 12:29 Regulation of tokenization. 17:55 How social media is connecting us. 22:26 The relationship between the artist and the fan. 26:19 Who gets to decide what’s culturally relevant? 30:05

From our Sponsor:

EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.com

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It’s time to prove that the crypto industry has a right and a reason to exist, says David Z. Morris.

Today’s episode of “Carpe Consensus” breaks away from the usual format to do a deep dive into the latest news with Binance, Coinbase, the SEC and more. Host Ben Schiller and David Z. Morris, CoinDesk’s chief insights columnist, thread a narrative between the news of the past two weeks to try to answer the biggest questions about crypto regulation in the U.S.

See also: “The New Crypto Bill Gary Gensler Doesn't Want You to Know About”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories Wednesday, June 43, 2023.

"The Hash" explores today's top stories in crypto: the U.S. Treasury Department is studying how the use of the digital dollar could be kept private. MicroStrategy (MSTR) founder Michael Saylor said the crypto industry is destined to be bitcoin (BTC)-focused in the wake of recent enforcement actions by U.S. regulators. An arbitrage bot flash loaned $200 million worth of the dai stablecoin (DAI) from MakerDAO on Wednesday, making a $3.24 profit after transaction fees. Digital payments firm Strike is expanding its Lightning Network-based cross-border payments service to Mexico.

See also:

U.S. Treasury Examining How Using Digital Dollars Could Be Kept Private

Crypto Industry Destined to Be Bitcoin Focused After SEC Actions: MicroStrategy Founder Michael Saylo

Someone Flash Loaned $200M From MakerDAO to Make $3 Profit

Strike Expands Lightning-Powered Cross-Border Payments to Mexico

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Comparing to consensus expectations, the latest inflation report appears positive. But it’s not all good news. “Markets Daily” takes a look at the numbers.

Today's Stories:

U.S. CPI Inflation Slowed to 0.1% in May; Bitcoin Rises

Prime Trust Unit Banq Files for Bankruptcy

U.S. Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now

Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Starting Thursday

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories Tuesday, June 13, 2023.

"The Hash" hosts tackle today's hot topics in crypto: Recently revealed emails tied to William Hinman, the former director of the SEC’s Division of Corporation Finance, were published Tuesday by Ripple in its ongoing defense against an SEC lawsuit. eToro will delist four cryptocurrencies in the U.S. next month. Puppynet has crossed more than 20 million transactions from 16 million wallets. Plus, Transient Labs, Inc. Chief Operating Officer Chris Ostoich joins to discuss Snoop Dogg's new 'Passport Series' NFT drop.

See also:

XRP Prices Jump as Hinman Speech Released in Ripple Labs Filing

Hinman Emails Reveal 2018 Speech on Ether Drew Input From Multiple SEC Officials

Investing Platform eToro to Delist 4 Cryptocurrencies for U.S. Users Next Month

Shiba Inu Testnet Blockchain 'Puppynet' Crosses 20M Transactions

Snoop Dogg Drops New NFTs That Evolve With His Tour

Guy Fieri and Sammy Hagar Launch Web3 Tequila Loyalty Program

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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U.S. law doesn't let appointed regulators override elected official. But the SEC head may be doing exactly that.

Featured Story: An opinion piece by David Z. Morris, titled: “The New Crypto Bill Gary Gensler Doesn't Want You to Know About”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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On this week’s episode of “Gen C,” we’re joined by Ashley McCollum, head of immersive media solutions at Roblox as they roll out their immersive media platform and to discuss their creator network.

Roblox has worked with a number of brands to bring immersive brand experiences into the space, from meditation with Alo Yoga to the Gucci Garden exhibit. Ashley shares her perspective on how activating in the metaverse can bring value to brands, how they are building a new ad platform and how their five million strong creator network is monetizing on the platform.

Links mentioned from the podcast:

  • Louis Vuitton To Release $39,000 Physical-Backed NFTs
  • Nike Is Bringing Its .SWOOSH NFTs to EA Sports Games
  • SEC Sues Coinbase on Unregistered Securities Exchange Allegations
  • Ashley’s Twitter, Roblox Twitter, Roblox Website

Follow us on Twitter:

  • Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

From our sponsor:

Web3 offers budding opportunities for brands to create more value for their customers, engage fans and build immersive communities. But that doesn't come without its risks. Chainalysis helps Fortune 500 brands better understand and manage the risks in Web3 through proactive assessments on chain monitoring, investigations, training and more so that they can focus on building a roadmap for long-term growth. Learn more about how Chainalysis can help your company grow in Web3 at www.chainalysis.com/genc.

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WineChain revolutionizes fine wine as an alternative asset class on Polygon. Top wineries mint rare cuvées as NFTs backed by physical bottles, tradable on our marketplace. Experience unmatched liquidity and seamless storage and shipping. Create your account at winechain.co to access our most exciting drops of the summer!

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

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The most valuable crypto stories Monday, June 12, 2023.

The hosts of "The Hash" weigh in on some of the biggest crypto stories of the day. Venture capital giant Andreessen Horowitz (a16z) chose London for its first office outside the U.S., saying the U.K. government is willing to create policies that encourage startups to pursue decentralization. Separately, a recent report from JPMorgan says without a more solid legal framework, cryptocurrency activity will probably continue moving outside the United States. Meantime, Robinhood (HOOD) is reporting a steep decline in crypto trading volume in May. Plus, Disco wants people to think harder about their online reputation and personal data.

See also:

A16z Chooses London as Destination for First Office Outside U.S.

SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan

Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B

A $1,200 Baseball Hat? Why Disco's Swag Is 'Prohibitively Expensive'

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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And a key metric tracking market liquidity tanked over the weekend, potentially indicating increased volatility on the horizon.

Today's Stories:

Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources

Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services

Crypto.com Winding Down U.S. Institutional Business

Ethereum $ETH Blockchain's Vitalik Buterin Releases Roadmap Addressing Scaling, Privacy, Wallet Security

Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules

Mt. Gox's Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a Bitcoin-like currency do better?

Featured Story: An opinion piece by David Z. Morris, titled: “The Petrodollar and Its Discontents Point to Bitcoin's Role in the Financial Future”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto needs a fresh start: new exchanges that can avoid the ever-present threat of SEC enforcement by being structured correctly in the first place, writes Preston Byrne.

Featured Story: An opinion piece by Preston J. Byrne, titled: “How to Build a Compliant Crypto Exchange Post-Coinbase”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal.

A roundup of the week’s most valuable crypto stories forSaturday, June 10, 2023.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • SEC Sues Binance CEO Zhao Over Alleged Securities Violation While Teng Is Appointed to New Role
  • SEC Gensler Says U.S. Doesn’t ‘Need More Digital Currency’
  • DOJ Reportedly Told to Investigate Binance for Potentially Lying to Lawmakers

Links to the headlines:

U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg

U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

SEC Sues Coinbase on Unregistered Securities Exchange Allegations

U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

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The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.

"Mt. Gox's Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment"

This episode used Wondercraft Voice AI. Original reporting by Nikhilesh De. Jack Shickler and Anna Baydakova contributed reporting.

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The country reportedly backed out of plans to build a "national crypto exchange," the latest sign of indecision.

Featured Story: An opinion piece by Daniel Kuhn, titled: “Should Russia Bolster or Ban Bitcoin?”

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal

The most valuable crypto stories for Thursday, June 8, 2023.

"The Hash" explores today's hot topics in crypto: Binance may have lied to lawmakers about its business practices and the U.S. Department of Justice (DOJ) must investigate, Bloomberg reported, citing a letter from two Senate democrats. Aave's decentralized social-media platform, Lens Protocol, has raised $15 million to expand the "social layer" of Web3. Plus, stablecoin regulation is a sticking point between the G7 and G20. And, what to know about the upcoming Bitcoin halving event.

See also:

U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg

Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet

Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Implied volatility metrics show no signs of panic after the SEC filed lawsuits against the two cryptocurrency exchanges.

Today's Stories:

Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted

Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says

Coinbase CEO Armstrong Says Not Shutting Down Staking Service

Crypto Exchange Binance Says Gensler Once Offered to Be an 'Informal Advisor'

Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20 Emerging Economies

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Bitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase

First Mover Americas: SEC-Targeted Tokens Tumble

DeFi Unfazed by SEC's Classification of Tokens as Securities

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The back-to-back lawsuits present new questions about the future viability of crypto exchanges in the U.S.

“Carpe Consensus” hosts Ben Schiller and Cam Thompson are joined by Nik De, CoinDesk's managing editor for global policy and regulation, to recap the wild week in regulation.

  • [2:57] Inside the Desk: Monday morning, Binance was sued by the SEC. Tuesday, the same fate befell Coinbase. Nik De breaks down the technicalities and what these regulatory actions mean for the broader industry.
  • [18:53] Consensus @ Consensus: CoinDesk published its inaugural Consensus @ Consensus Report, detailing insights and recommendations gathered from Consensus 2023.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal.

The most valuable crypto stories for Wednesday, June 7, 2023.

"The Hash" panel explores today's top stories moving the crypto markets: a U.S. judge ordered the SEC to respond to Coinbase’s rulemaking petition within a week. Separately, in stablecoin land, Circle Singapore received its Major Payment Institution (MPI) license for digital payment token services in Singapore, while lending protocol Aave’s gho (GHO) stablecoin took a step closer to an Ethereum mainnet launch. Plus, Louis Vuitton is releasing physical-backed NFTs, and pepecoin (PEPE) investors may only have a limited window for potential gains.

See also:

Coinbase CEO Armstrong Says Not Shutting Down Staking Service

The SEC Is Fighting the Last War

SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations

Stablecoin Issuer Circle Receives Digital Token License in Singapore

Louis Vuitton To Release $42,000 Physical-Backed NFTs

3 Reasons Why Beauty on the Blockchain Makes Sense

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

From our Sponsor:

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

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This episode is sponsored by EY.

The process of rule-making to determine a ‘Security’ is an unsettled issue that may need to be resolved in court. And separately, why the rise of AI, requires effective governance.

On this episode of “Money Reimagined,” Michael Casey and Sheila Warren first, examine the latest regulatory news concerning the SEC's suit against both Binance and Coinbase, as well as the implications for the crypto industry and all government agencies. They are then joined by Kurt Hemecker; COO of the Mina Foundation, the public benefit corporation serving the Mina Protocol, to discuss a different area of regulation; artificial intelligence governance.

Topic Links:

SEC Sues Crypto Exchange Binance, CEO Changpeng Zhao Over Multiple Securities Violation Allegations

SEC Sues Coinbase on Unregistered Securities Exchange Allegations

U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

What AI Governance Can Learn From Crypto’s Decentralization Ethos

Summary List:

The timing of the lawsuits is interesting.

Implications for the industry and all agencies.

The suit against Coinbase is different from other cases.

What’s next for Coinbase?

Comprehensive complaint against Binance.

How the industry is reacting to this complaint.

Binance and the asset freeze.

Introduction to Mina Foundation and the MINA protocol.

Mina, a layer one blockchain using zero-knowledge technology.

Programmability layer.

The definition of zero-knowledge proof.

Zero-knowledge proof and AI.

The rise of AI and the importance of governance.

Ethics and bias in voting- AI.

How to stop governance from being taken over by actors.

How zero knowledge can help with the voting process.

Transparency is what matters.

The black box in AI.

How web three can work in conjunction with the concept of decentralization.

Transparency is not everything you need.

Are we seeing a deep fake on Twitter?

The need for a centralized or decentralized verification system.

Proving humaneness on the blockchain.

Do we trust tech more than people?

How the crypto industry is being perceived by some.

The arc of history will show where things are landing.

Regulation and compliance need to meet.


Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

From our Sponsor:

EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.com.

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Unfair regulators are pushing crypto innovation out of the country. Today on “Markets Daily,” we hear from a builder who sees the writing on the wall.

Featured Story: An opinion piece by Derek Boirun, titled: "Why I’m Leaving the U.S."

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal.

The most valuable crypto stories for Tuesday, June 6, 2023.

"The Hash" tackles today's hot topics: SEC chief Gary Gensler says the U.S. doesn’t need any more digital currency as his agency sues Binance and Coinbase for operating unregistered securities exchanges. Altcoins listed in the SEC's lawsuit against Coinbase are tanking. Apple unveiled its first mixed-reality headset 'Vision Pro.' Life insurance company Meanwhile Insurance Bitcoin (Bermuda) said it raised $19 million to develop an artificial-intelligence (AI) aided bitcoin (BTC)-denominated policy as it eyes an economy developing around the largest cryptocurrency.

See also:

U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

SEC Sues Coinbase on Unregistered Securities Exchange Allegations

Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits

Coinbase Shares Slump After SEC Files Suit Against Company

Altcoins Dip Following Second SEC Lawsuit Against Crypto Exchange

Apple's New Headset Could Change the Way We Design the Metaverse

Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto.

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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.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Securities and Exchange Commission (SEC) hit two large U.S. crypto exchanges with multiple securities violations. “Markets Daily” takes a deeper look.

Today's Stories:

SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations

SEC Sues Coinbase on Unregistered Securities Exchange Allegations

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

Crypto Traders Suffer $320M Losses in Liquidations as SEC Lawsuit Against Binance Spurs Market Plunge

This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by PayPal

The most valuable crypto stories for Monday, June 5, 2023.

"The Hash" unpacks today's top stories moving the crypto markets: The Securities and Exchange Commission (SEC) sued crypto exchange Binance and its CEO Changpeng "CZ" Zhao on allegations of violating federal securities laws Monday. Meanwhile, Richard Teng has been appointed to oversee Binance’s regional markets outside the U.S. Plus, centralized storage and wallet service Atomic Wallet was drained of nearly $35 million worth of various tokens. And, Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador.

See also:

SEC Sues Crypto Exchange Binance, CEO Changpeng Zhao Over Multiple Securities Violation Allegations

El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine

Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange

PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today atPayPal.com/crypto.

-

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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For some crypto projects, actually launching is the worst possible plan.

A Featured Story: This is an opinion piece by David Z. Morris, CoinDesk's Chief Insights Columnist, titled: The PulseChain Sideshow Tent Is Collapsing.

This episode was hosted by Adam B. Levine, edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How the IMF and World Bank funnel resources from poor countries to rich ones.

This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s “Long Reads Sunday,” NLW reads Alex Gladstein’s Twitter version of his new essay "Structural Adjustment: How the IMF and World Bank Repress Poor Countries and Funnel Their Resources to Rich Ones."

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: sharply_done/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Bitstamp.

A roundup of the week’s most valuable crypto stories for Saturday, Dec. 3, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Crypto Lender BlockFi Declares Bankruptcy Following the Collapse of FTX
  • JPMorgan Report: Crypto Exchanges Will Remain Dominant
  • Crypto Exchange Kraken Cuts 30% of Workforce
  • Sam Bankman-Fried's Media Tour

Links to the headlines:

BlockFi Files for Bankruptcy as FTX Contagion Spreads

Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan

Kraken Cuts 30% of Workforce Amid Crypto Winter

FTX’s Collapse Was a Crime, Not an Accident

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

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Bitstamp is the longest running crypto exchange and recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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November saw a higher-than-expected 263,000 jobs added.

This episode is sponsored by Nexo.io, Circle and Kraken.

On this edition of the “Weekly Recap,” NLW catches up on the macro landscape, including recapping Federal Reserve Chair Jerome Powell’s speech on Wednesday and how the jobs report released Friday might undermine it as a market signal.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: ryasick/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Bitstamp.

The most valuable crypto stories for Friday, Dec. 2, 2022.

"The Hash" hosts discuss the biggest stories of the day, including decentralized finance (DeFi) protocol Ankr saying it will reimburse the users impacted by the exploit that occurred on its platform earlier Friday. Plus, a closer look at how Facebook parent Meta is offering a gentle nudge to governments future metaverse policies.

See also:

DeFi Protocol Ankr to Reimburse Users Affected by $5M Exploit

Facebook Parent Meta Dips Toe Back Into Policy Circles to Boost Metaverse

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

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Bitstamp is the longest running crypto exchange and recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The iPhone maker wants a 30% cut of gas fees from NFT transfers in Coinbase Wallet.

This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, we catch up on the crypto industry, including:

  • Apple’s dust-up with Coinbase around fees for NFT transfers
  • Stripe’s new fiat-to-crypto tooling for developers
  • Fidelity opens retail trading of bitcoin and ether
  • First U.S. hearing on FTX

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Pablo Monsalve/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Roofstock onChain.

The crypto world has been a little different every week after the fallout with FTX and the image of Sam Bankman-Fried versus the reality of what was actually happening has created distrust in the crypto industry. So where do we begin to ask the right questions to balance the need for security with privacy for the future?

On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren speak with Juan Zarate, senior adviser for Transnational Threats Project and Human Rights Initiative at CSIS, the Center for Strategic and International Studies; to discuss how crypto companies can better prepare themselves for financial risks and what is a “rogue state.”

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”

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Roofstock onChain allows you to instantly transfer ownership of real-world homes using standard NFT smart contracts. Buy and sell homes with one-click, pay with crypto, and access DeFi lending options. Find our web3 homes at onchain.roofstock.com or your favorite NFT marketplace.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Sam Bankman-Fried has appeared at the New York Times DealBook Summit and on “Good Morning America” this week.

This episode is sponsored by Nexo.io, Circle and Kraken.

Ah Sam, will we ever be able to escape you? This week, “main character syndrome” came roaring back into fashion as Sam Bankman-Fried broke his silence with a string of interviews culminating in appearances with Andrew Ross Sorkin at the New York Times DealBook Summit and on “Good Morning America” with George Stephanopolous. NLW breaks down what SBF said, and how the community is reacting.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Michael M. Santiago/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Bitstamp.

The most valuable crypto stories for Thursday, Dec. 1, 2022.

"The Hash" group discusses today's top stories in the crypto world, including former FTX CEO Sam Bankman-Fried speaking to several media outlets, including a live appearance at DealBook Summit. Plus, BlackRock CEO Larry Fink voices his opinion on tokenization of securities.

See also:

FTX’s Collapse Was a Crime, Not an Accident

US Prosecutors Charge 21 Alleged ‘Money Mules’ With Using Crypto to Launder Proceeds of Cybercrimes

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Bitstamp is the longest running crypto exchange and recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“Carpe Consensus” dives into crypto’s biggest story of the year, analyzing the latest developments and lessons learned from the collapse of Sam Bankman-Fried’s FTX exchange.

To kick off the inaugural episode of “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson tackle crypto’s biggest story of the year: the fall of FTX.

  • [2:05] Crypto Catchup: BlockFi the latest to tumble in FTX contagion
  • [12:00] How a story gets told, as mainstream media and trade publications present varied accounts of FTX’s downfall
  • [30:10] Teaser: CoinDesk’s Most Influential 2022
  • [34:10] Cam’s Corner: A Thanksgiving parade in the metaverse

What’s “Carpe Consensus?” CoinDesk’s newest podcast is for crypto fans and fiends, DeFi degens and non-fungible enthusiasts, while welcoming the crypto curious. Each week, hosts Ben Schiller, Danny Nelson and Cam Thompson thread together the biggest themes in crypto. Consensus speakers and guest experts join the hosts to pull back the curtain on all things crypto and Web3, providing listeners with a balanced look at the state of the industry. Tune in weekly on Thursdays on the CoinDesk Podcast Network.

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“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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After the exchange’s collapse, central bankers are focusing on their own forms of digital money.

This episode is sponsored by Nexo.io, Circle and Kraken.

In today’s global regulatory roundup, NLW looks at news from:

  • Europe: EU holds a hearing on the FTX collapse and France tests a CBDC
  • India: RBI announces Indian CBDC trials to begin Thursday
  • US: Sen. Ron Wyden sends letters to 6 exchange heads

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: anand purohit/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Wednesday, Nov. 30, 2022.

The “Hash” crew discusses the main story today about crypto exchange Kraken stating that it is laying off 30% of its global staff – around 1,100 people – in response to the crypto market downturn. Plus, officials at the European Central Bank write in a new blog post titled "Bitcoin's Last Stand," that the largest cryptocurrency by market cap "has never been used to any significant extent for legal real-world transactions."

See also:

Kraken Cuts 30% of Workforce Amid Crypto Winter

Bitcoin's Last Stand: ECB Staffers Say the Crypto is on 'Road to Irrelevance'

The Bitcoin Obituary Obituary

Central Banks and Bitcoin: Closer Than You Think

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

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Shira Lazar is the founder and CEO of the Emmy Award-nominated digital media brand What's Trending and co-founder of Peace Inside Live, a mindfulness platform for a global collective across Web3, video, audio and in-person channels.

She advises as well as consults with companies in the Web3 space regarding cryptocurrency, non-fungible tokens (NFT) and the metaverse.

As a broadcaster, Shira uses her platforms to create content and education around Web3, bridging the gap between the industry, creators and consumers. She hosts weekly Twitter Spaces called #AlphaMondays and Women in Web3, brings viewers the top five NFT stories of the week on Instagram and hosts the weekly “Inside Web3” podcast on Audacy.

She has also been named one of Fast Company’s “Most Influential Women in Technology” and Huffington Post’s “Women in Tech to Follow on Twitter”

Kamz and Shira discuss:

🌍 real-world use cases and benefits for crypto and blockchain across the globe

🔐 the advantages of adopting Web3 technologies for women everywhere

🗣️ advice for empowering women and elevating women's voices

🧘🏽‍♀️We end with a meditation focused on inviting ease and relaxation into your life.

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space!

Check out my blog on Mirror for content on women, wellness and web3.

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Mind and Soul’ by Stefano Vita and ‘Electrolove’ by Lunareh.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Tuesday, Nov. 29, 2022.

Phantom, the leading crypto wallet in the Solana ecosystem, said it will add support for assets on the Ethereum and Polygon blockchains, with the roll out beginning in about three months. Plus, "The Hash" team breaks down an inside joke that spooked crypto Twitter about wrapped ether (wETH) being on the verge of insolvency.

See also:

Solana’s Top Crypto Wallet Looks to Ethereum, Polygon Next

Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan

First Mover Asia: Ethereum Isn’t wETH or stETH, but Jokes Still Move Markets

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The officials spoke to various news outlets on Monday in advance of comments from Chair Jerome Powell on Wednesday.

This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, NLW turns back to the macro, where some amount of optimism had seeped into risk assets since a better-than-expected inflation report a few weeks ago. On Monday, a group of Federal Reserve officials were trotted out to make the point to markets they might once again be getting ahead of themselves with expectations of any sort of soon-to-be Fed pivot.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: DNY59/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Monday, Nov. 28, 2022.

"The Hash" team discusses the latest developments on BlockFi as the crypto lender announced it is filing for Chapter 11 bankruptcy protection, a day after suspending withdrawals amid the fallout from bankrupt FTX's collapse. In the meantime, BlockFi plans to restructure its operations. Also, Binance is getting more investors interested in its $1B raise for an industry recovery initiative.

See also:

Ether Drops as Large Investor Moves 73K ETH to Binance

BlockFi Files for Bankruptcy as FTX Contagion Spreads

California Finance Regulator Revokes BlockFi's Lending License

Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse

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

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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BlockFi has over 100,000 creditors.

This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, NLW returns to his usual daily programming with a review of crypto contagion that took place during the last week. He looks at BlockFi, which filed for Chapter 11 bankruptcy protection in New Jersey today, as well as Genesis and FTX itself.

(Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: PM Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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After ushering Nike into the digital era, CMO Ricky Engelberg discusses how he’s helping both businesses and creators understand the importance of community, innovation and brand management in his current role at Vista.

On this week’s podcast, Sam and Avery touch on the latest news in Web3, from JPMorgan registering a trademark for cryptocurrency wallets to Coachella’s lifetime NFTs stuck on FTX. This week’s guest, Ricky Engelberg talks about how to make onboarding people into Web3 easier, including not using the word phygital.

Links mentioned from the podcast:

  • Vayner Web3 Trend Report
  • Ricky's Twitter
  • Vista's Twitter
  • Vista website
  • 99designs website

Follow us on Twitter:

  • Sam Ewen
  • Avery Akkineni
  • CoinDesk
  • Vayner3

From our sponsor:

Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code GENC to get 15% off your pass. Visit coindesk.com/consensus

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Adrian Blust, Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io, Circle and Kraken.

For our concluding episode of “Grateful for Bitcoin,” NLW chats with Jason Maier, who is currently working on a book on a progressive’s case for bitcoin. In this conversation, they discuss which progressive values align with bitcoin’s impact in the world, and why bitcoin has been so successful in remaining nonpartisan.

Images: https://www.gettyimages.com/detail/photo/financial-business-illustration-royalty-free-image/1253665132?phrase=progressive%20politics&adppopup=true

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit:SEAN GLADWELL /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

A roundup of the week’s most valuable crypto stories for Saturday, Nov. 26, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • FTX Exploiter Developments
  • Binance's CZ Reportedly Met with Middle East Investors for Crypto Recovery Fund
  • Litecoin Surges

Links to the headlines:

More Than 50% of Bitcoin Addresses Are Now in Loss

Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg

Pre-Halving Rally? Litecoin Surges 43% to 6-Month High

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

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io, Circle and Kraken.

For this edition of “Grateful for Bitcoin,” NLW is joined by Matt Lohstroh, cofounder of Giga Energy. Matt and Giga are leaders in the bitcoin gas flare mining space. On this episode, he and NLW discuss the state of the bitcoin mining industry and how it’s changed over the years.

Find our guest online: https://twitter.com/lohstroh

Image: https://www.gettyimages.com/detail/photo/oil-refinery-flare-stack-royalty-free-image/580848666?phrase=gas%20flare&adppopup=true

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Nora Carol Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

A holiday short of the most valuable crypto stories for 2022.

“Hash” host Will Foxley answers what the biggest story of the year was for him and why?

In addition, what is his main focus in the crypto industry?

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Nut Cracking” by Erik Pena.

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Wednesday, Nov. 23, 2022.

"The Hash" hosts discuss today's top stories including El Salvador's national assembly mulling a draft bill to regulate digital securities which could pave the way for issuing bitcoin-backed bonds. Plus, a closer look at Litecoin's breakout performance ahead of its third mining reward halving.

See also:

Pre-Halving Rally? Litecoin Surges 43% to 6-Month High

New York Imposes 2-Year Moratorium on New Proof-of-Work Mining After Gov. Hochul Signs Bill

El Salvador Proposes Digital Securities Bill, Paves Way for Bitcoin Bonds

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io, Circle and Kraken.

On this episode of “Grateful for Bitcoin,” NLW is joined by Voltage cofounder and CEO Graham Krizek. Voltage provides enterprise-grade infrastructure for the Lightning Network. On this episode, Graham and NLW talk about the current state of Lightning and discuss why some of the customers interested in bitcoin might surprise you.

Find our guest online: https://twitter.com/gkrizek

Image: https://www.gettyimages.com/detail/photo/lightning-the-line-of-lightning-was-coming-down-royalty-free-image/1394618240?phrase=lightning&adppopup=true

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: sarayut Thaneerat /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode of ‘Grateful for Bitcoin,’ NLW is joined by Kraken co-founder and CEO Jesse Powell. They discuss the fallout from FTX, philosophy, regulations, NFTs and how the industry can move on in a positive direction.

Image: https://www.gettyimages.com/detail/illustration/close-up-hand-holding-bitcoin-on-blue-royalty-free-illustration/1326414104?adppopup=true

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Malte Mueller /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Tuesday, Nov. 22, 2022.

"The Hash" hosts discuss how Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. Meanwhile, Cathie Wood's Ark Investment Management just bought $1.5 million worth of Grayscale Bitcoin Trust (GBTC) on Monday. "The Hash" team discuss the latest headlines impacting the crypto industry..

See also:

Tornado Cash Developer Alexey Pertsev to Remain in Jail Until at Least Late Februrary

Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Monday, Nov. 21, 2022.

"The Hash" hosts discuss the culprit behind the $600 million exploit of crypto exchange FTX started exchanging millions of dollars worth of ether (ETH) to Ren Bitcoin (renBTC), a token that represents bitcoin on other blockchains, early on Sunday. Plus, one of TradFi’s better-known investors, Bill Ackman, revealed on Twitter that he has turned a leaf and is now endorsing crypto.

See also:

More Than 50% of Bitcoin Addresses Are Now in Loss

FTX Exploiter Converts Millions in Ether to Alameda-Linked Ren Bitcoin Tokens

Bill Ackman Endorses Crypto Project Helium, Discloses Crypto Holdings

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io, Circle and Kraken.

Today, NLW is joined by Dan McArdle, a bitcoin OG who co-founded Messari, built Case for Bitcoin and more. In this episode, they discuss the top five times bitcoin was supposed to die.

Find our guest online: https://twitter.com/robustus

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Takoyaki Tech/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Consumer investor and founder of the consumer Web3 fund, Double Down, Magdalena “Mags” Kala joins Sam and Avery as the first guest of the "Gen C" podcast.

After spending years at Bain and as a consultant, Mags has a unique perspective on the power of consumer Web3 opportunities. Listen as she shares insights on what it means to be a consumer-centric investor and how she thinks about consumer psychology.

Links mentioned from the podcast:

  • [Article] A Tale of Two Narratives: Money Crypto vs. Tech Crypto
  • Double Down website
  • Mags' Twitter
  • Double Down Twitter
  • Double Down Dispatch Newsletter sign up
  • Meta-Curious Marketing Cohort

Follow us on Twitter:

  • Sam Ewen
  • Avery Akkineni
  • CoinDesk
  • Vayner3

From our sponsor:

Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code GENC to get 15% off your pass. Visit coindesk.com/consensus

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Adrian Blust, Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Numerous exchanges committed to proof of reserves after FTX, but is it enough?

This episode is sponsored by Nexo.io, Circle and Kraken.

On this edition of “Long Reads Sunday,” NLW reads Nic Carter’s newest “Let’s Actually Commit to Proofs of Reserve This Time, Okay?”

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: C.J. Burton/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global, Circle and Pastel Network.

A roundup of the week’s most valuable crypto stories for Saturday, Nov. 19, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Secret Foundation founder Tor Bair shares his thoughts in an interview
  • New FTX CEO Criticizes Management of Crypto Exchange During Sam Bankman-Fried's Tenure
  • Sam Bankman-Fried Can't Stay Off Twitter
  • Binance Sets Up Recovery Fund After FTX Collapse

Links to the headlines:

New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure

The FTX Collapse Looks an Awful Lot Like Enron

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse

Sam Bankman-Fried Can't Stay Off of Twitter

Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis

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

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission-critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Federal Reserve is throwing cold water on the two-week market rally.

This episode is sponsored by Nexo.io, Circle and Kraken.

On this edition of the “Weekly Recap,” NLW follows the path of the crypto contagion including the latest from FTX, Silvergate Bank and Genesis Lending. He also looks at the slate of officials the Federal Reserve trotted out to tamp down market enthusiasm following signs the pace of inflation may be slowing.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Brooks Kraft/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global, Circle and Pastel Network.

The most valuable crypto stories for Friday, Nov. 18, 2022.

"The Hash" hosts dive into the extensive and nuanced parallels between FTX and Enron, including the strange twist that Enron's former lawyer is now the new CEO of FTX. Plus, Secret Foundation founder Tor Bair shares his thoughts on the tradeoffs between open ledgers and privacy-preserving approaches to the blockchain.

See also:

The FTX Collapse Looks an Awful Lot Like Enron

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

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission-critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CoinDesk speaks with Erik Voorhees, Sunny Aggarwal, Chjango Unchained, and Haseeb Qureshi to discuss DeFi, regulation and decentralized exchanges in the wake of FTX’s collapse.

The executive producer for CoinDesk Podcasts is Jared Schwartz. Nia Freeman edited this episode.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Its Genesis Global Capital subsidiary stopped withdrawals earlier this week.

This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, NLW looks at the latest FTX contagion discussion. He examines the Genesis withdrawal shutdown and growing question of whether it has exposed parent company Digital Currency Group to larger financial issues.

(Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: treety/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Roofstock onChain

This is a story of how something can appear to be what it is not.

It’s a tale of a jarring contrast between the image the world had of Sam Bankman-Fried before FTX’s meltdown pushed the crypto world into a nauseating tailspin and the reality of a wildly mismanaged multibillion-dollar empire with what Bankman-Fried’s appointed successor described as an “unprecedented” failure of accounting, oversight and discipline.

Before Ian Allison’s Nov. 2 CoinDesk scoop on FTX sister company Alameda Research’s suspect balance sheet, Bankman-Fried was seen as a philanthropic, well-connected, celebrity-hobnobbing, marketing-savvy leader, a wunderkind who made crypto respectable. Two weeks later, he is viewed as a laughing stock, a suspected criminal, an irresponsible, wildly underqualified, selfish child who has destroyed the livelihoods of tens of thousands. Wow. What a difference two weeks make!

In this episode of Money Reimagined, host Michael Casey chats with two CoinDesk colleagues who’ve delved deeply into the SBF story: Deputy Managing Editor for Companies coverage Tracy Wang and Managing Editor for Global Policy and Regulation, Nikhilesh De. Together they dig into how the erstwhile FTX CEO could have misled the world to such a degree.

They explore Bankman-Fried’s journey, how it begins with his adherence to the principles of effective altruism, a stated desire to get as rich as possible to do maximum good, and how it all seems to fall apart as FTX gets bigger. They discuss how his philanthropy, political donations, and marketing efforts hid the dark reality underneath and delve into what needs to happen, at the community level and in regulation, to protect people falling from such distortions in the future.

See also: Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet

Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring Chief

FTX Employees Worldwide Learned of Bankruptcy Along With the Public

The FTX Collapse Looks an Awful Lot Like Enron

The Long Arm of FTX

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”

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Roofstock onChain allows you to instantly transfer ownership of real-world homes using standard NFT smart contracts. Buy and sell homes with one-click, pay with crypto, and access DeFi lending options. Find our web3 homes at onchain.roofstock.com or your favorite NFT marketplace.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bankruptcy-related filings show woefully inadequate processes and billions in loans to founders.

This episode is sponsored by Nexo.io, Circle and Kraken.

Today NLW covers two major updates in the FTX saga. The first is first-day declarations by FTX’s new CEO John J. Ray III that argue that, in short, FTX is worse run than Enron. The second are messages between Sam and a Vox reporter in which Sam lets the veneer of ethics down and reveals his true beliefs about power.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Greg Smith/Corbis via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global, Circle and Pastel Network.

The most valuable crypto stories for Thursday, Nov. 17, 2022.

"The Hash" team discusses New FTX CEO John J. Ray III issued a scathing assessment of "unprecedented" poor management practices by his predecessor, Sam Bankman-Fried, in a series of filings in a Delaware court. Also, Binance.US, the American arm of the world's largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital, according to CoinDesk.

See also:

Confusion Abounds As Binance and OKX Suspend Support for USDC, USDT on Solana, Then Backpedal

Binance to Relaunch Bid for Bankrupt Lender Voyager: Source

FTX Affiliate Alameda Research Loaned $4.1B to Related Parties – Including $1B to Sam Bankman-Fried

New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure

FTX's New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say

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

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission-critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, a look at Apple’s plans to move semiconductor manufacturing onshore.

This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, NLW covers the latest fallout from the FTX collapse. Genesis Capital has paused withdrawals and loan origination, which has also led to Gemini pausing its Earn program. NLW also covers the latest in why last week’s CPI print may not be as bullish as it seems and why Apple plans to move semiconductor manufacturing onshore.

(Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: zhuweiyi49/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global, Circle and Pastel Network.

The most valuable crypto stories for Wednesday, Nov. 16, 2022.

"The Hash" team discusses the biggest stories shaping the crypto markets today, including ex-FTX CEO Sam Bankman-Fried's latest tweets about Alameda and his goal to "make customers whole." Plus, the lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse.

See also: Sam Bankman-Fried Can't Stay Off of Twitter

The ‘SBF Bill’: What’s in the Crypto Legislation Backed by FTX's Founder

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse

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

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CoinDesk reporters discuss the latest developments in the FTX story.

Join the CoinDesk newsroom with David Z. Morris, Tracy Wang, Danny Nelson, Nikhilesh De, Sam Kessler, Cheyenne Ligon and Aoyon Ashraf as they discuss the chaotic week that saw the fall of the crypto exchange FTX.

The executive producer for CoinDesk Podcasts is Jared Schwartz. Eleanor Pahl edited this episode.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Join Kamz and Lisa Carmen Wang, the founder and CEO of Bad Bitch Empire, a global investment collective building unapologetic worth and wealth for women. She is a four-time USA national champion and Hall of Fame gymnast, serial entrepreneur (her founded company was acquired), international speaker, and host of the “Bad Bitch Empire”podcast. Lisa is an executive board member of Fast Company and has been recognized as Forbes 30 under 30 Venture Capital and Entrepreneur Magazine's 100 Most Powerful Women.

Ms. Wang has coached more than 100,000 women to build financial and personal confidence. She joins the podcast to talk about building financial and personal confidence and investing in women and Web3.

.

Lisa coaches us on:

💅taking charge of your body, boundaries and bank account

💸shifting our relationship with money

🫰the importance of understanding financial fiction

😇what is an angel investor and why it’s important for women to invest

🤑what is crypto and how can women secure profit

🧘🏽‍♀️We end with a meditation focused on boosting confidence.

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Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space!

Check out my blog on Mirror for content on women, wellness and web3.

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Mind and Soul’ by Stefano Vita and ‘Electrolove’ by Lunareh.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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More hedge funds announced significant losses today.

This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, NLW explores the state of the market in the wake of the collapse of FTX and Alameda Research. He looks at hedge funds that have reported funds stuck on FTX as well as overall liquidity conditions. He also looks at the divergence between crypto and other risk assets over the last two weeks.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh. Image credit: Alex Wong/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global, Circle and Pastel Network.

The most valuable crypto stories for Tuesday, Nov. 15, 2022.

The swift and surprising collapse of FTX last week continues to send shockwaves across the crypto industry and beyond – and Capitol Hill is not immune. "The Hash" team discusses what could happen to the bipartisan Digital Commodities Consumer Protection Act (DCCPA), a bill Bankman-Fried supported. Plus, the European Union could ban banks and crypto providers from dealing in privacy-enhancing coins per a leaked draft of a money laundering bill obtained by CoinDesk.

See also:

The ‘SBF Bill’: What’s in the Crypto Legislation Backed by FTX's Founder

FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder

Privacy-Enhancing Crypto Coins Could Be Banned Under Leaked EU Plans

NFT-Linked Sandals Worn by Steve Jobs Sell for $218,000

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An FTX insider on what it felt like to watch the destruction and unfolding betrayal.

As NLW said on each day’s show, “in addition to them being a sponsor of the show, I also work with FTX.” On today’s show, NLW gives an insider’s view of the timeline, from the beginnings of trouble as the crypto community turned on Sam Bankman-Fried for his role in shaping industry regulations to the chaotic week that saw FTX go from high flyer to bankrupt. Along the way, [NLW] shares how he and other FTX employees felt as they realized that they, along with the rest of the crypto industry, had been duped, lied to and defrauded.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Eleanor Pahl, and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Danny Nelson/CoinDesk, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global, Circle and Pastel Network.

Binance is setting up an industry recovery fund to help rebuild the space amid FTX contagion fear. Tron founder Justin Sun says Tron, Huobi Global and Poloniex will support Binance in its initiative. Meanwhile, Bloomberg reports that Treasury Secretary Janet Yellen said the FTX fallout "shows the weaknesses of this entire sector."

See also:

Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis

FTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report

FTX Owes Miami $16.5M For Arena Sponsorship Cancellation

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This episode has been edited by Doc Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint, and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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After the events of this week, exchange reserve attestations seem more urgent than ever.

This episode is sponsored by Nexo.io and Circle.

On this edition of “Long Reads Sunday,” a reading of Nic Carter’s 2020 essay “How to Stop the Next Quadriga: Make Exchanges Prove Their Reserves.”

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Alex_Doubovitsky/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Nov. 12, 2022.

This episode is sponsored by minima.global and Circle.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token
  • Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal
  • FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns

Links to the headlines:

FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token

Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal

FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns

This episode has been produced and edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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But not enough to stop lawsuits, says Coin Center.

This episode is sponsored by Nexo.io and Circle.

On this edition of the “Weekly Recap,” NLW looks at some small but potentially significant shifts to the Office of Foreign Assets Control’s sanctions against Tornado Cash, the Securities and Exchange Commission’s victory over LBRY and more.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Staff/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Friday, Nov. 11, 2022.

Crypto exchange FTX filed for bankruptcy protection in the U.S., the Bahamas-based company said Friday. CEO and founder Sam Bankman-Fried also resigned his role, but will "assist in an orderly transition." John Ray III is the new CEO. The Hash hosts discuss the history of FTX and and the outlook for decentralized finance in the wake of the fallout.

See also:

FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns

Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – and Dated. Other Employees Have Lots of Questions

FTX Showed the Problems of Centralized Finance, and Proved the Need for DeFi

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a primer on the promise of zero-knowledge proofs.

This episode is sponsored by Nexo.io and Circle.

Jon Wu works on growth with Aztec Network and is a deep thinker when it comes to the challenges of privacy in a digital age. In this conversation, he and NLW discuss privacy from a principle and ethics standpoint, zero-knowledge proofs and whether technology could solve problems that many think only public policy holds an answer for.

Find out guest on Twitter: @jonwu_

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Camerique/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Roofstock onChain.

Relm Insurance CEO Joe Ziolkowski spoke with us a few episodes ago about the growing demand for off-chain, crypto-specific insurance and the likelihood of non-crypto insurance products offered on-chain.

On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren speak with Denis Pitcher, chief fintech adviser to the Office of the Premier in the territory, and Chancellor Barnett, chairman of Jewell Bank, the first recipient of Bermuda’s digital asset banking license; to discuss the other side of Bermuda’s crypto infrastructure as an authority in “firsts” when it comes to the private sector.

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”

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Roofstock onChain allows you to instantly transfer ownership of real-world homes using standard NFT smart contracts. Buy and sell homes with one-click, pay with crypto, and access DeFi lending options. Find our web3 homes at onchain.roofstock.com or your favorite NFT marketplace.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Thursday, Nov. 10, 2022.

"The Hash" hosts discuss today's top stories: Sam Bankman-Fried apologized on Twitter as the FTX crisis deepened, Tron network’s native TRX token momentarily surged some 4,000%, from 6 cents to $2.50, on embattled crypto exchange FTX, and SEC's Gary Gensler speaks out on the state of crypto regulation during an interview on CNBC.

See also:

Tether Freezes $46M of USDT Held by FTX Following Law-Enforcement Request

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A discussion of the state of regulatory discourse around decentralized finance.

This episode is sponsored by Nexo.io andCircle.

Editor's note: This interview was recorded on Oct. 24 and so it doesn’t reference the events of the last week.

On today’s “Breakdown” interview, NLW is joined by Miller Whitehouse-Levine, policy director at the DeFi Education Fund. They discuss the state of regulatory discourse in Washington, D.C., along with key recent events including Treasury Department sanctions.

Find our guest on Twitter: @millercwl

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Stephanie Keith/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Monday, Nov. 8, 2022.

Bitcoin (BTC) dropped to a new 23-month low, as CoinDesk reports cryptocurrency exchange giant Binance is highly unlikely to go through with its proposed acquisition of struggling rival FTX after less than a day of reviewing the company, according to a person familiar with the matter. "The Hash" team discusses the latest developments and what it could mean for seven-time Super Bowl champion Tom Brady, who quickly became a prominent FTX backer.

See also:

Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal

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This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a preview of Thursday’s October CPI numbers.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW looks at the U.S. election results, including pro-crypto candidates who were elected (or re-elected) and what the overall balance of power means for crypto and business in general. He also previews Thursday’s October inflation numbers, which will be one of the key pieces of data that will influence Federal Reserve actions in December.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Alex Wong/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CoinDesk’s newsroom breaks down the FTX and Binance story.

CoinDesk’s Ian Allison, Nikhilesh De, Brad Keoun, Tracy Wang and Michael J. Casey deconstruct the whirlwind of Binance agreeing to buy FTX. Plus: Allison traces the story back to his investigative coverage questioning Alameda’s balance sheet.

The executive producer for CoinDesk Podcasts is Jared Schwartz. Eleanor Pahl edited this episode.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Join Kamz and Jaime Schmidt, the founder of Schmidt's Naturals and co-founder of BFF, a non-fungible token community and brand aimed at helping women get educated, connected and financially rewarded in crypto. BFF launched the Belonging and Mattering Council, a diverse group of individuals who create programming and initiatives to support under-resourced communities, including professional development programs, partnerships with BIPOC organizations and more.

Through her inclusive investment firm Color, Jaime invests in emerging founders who are primarily women and people of color. She also co-founded Supermaker, a business media platform that celebrates diverse, independent brands and modern workplace thinking, helping level the playing field for emerging business leaders.

Jaime enlightens us on:

✊diversity and inclusion, and why is it so important to develop in the Web3 space

🌈what we can do at the individual and community level to inspire diversity and inclusion

🤝how we can cultivate belonging and measure success

💍tips for juggling being a disruptor, entrepreneur, mom and wife

🧘🏽‍♀️We end with a meditation focused on love and kindness for yourself and others.

See also:

Read Jaime’s book: “Supermaker: Crafting Business on Your Own Terms”

Sign up for the GM, BFF Newsletter: https://www.mybff.com/subscribe GM, BFF is your weekly roundup of the best insights, interviews and opportunities in Web3.

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space every Wednesday 3:30 p.m. PT/6:30 p.m. ET!

Check out my blog on Mirror for content on women, wellness and web3.

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Mind and Soul’ by Stefano Vita and ‘Electrolove’ by Lunareh.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a discussion about the future of financial advice.

This episode is sponsored by Nexo.io, Circle and FTX US.

In today’s interview, NLW talks with returning guest Tyrone Ross about the state of financial advice and why the biggest institutions in the world are spending the bear market gearing up for the next cycle. They also discuss Tyrone’s new 401 Financial and Turnqey Labs ventures.

Find our guest on Twitter: @TR401

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Yutthana Gaetgeaw/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Monday, Nov. 7, 2022.

As speculation mounted over the weekend about the solvency of Sam Bankman-Fried's FTX crypto exchange, the CEO tweeted in part on Monday that "FTX is fine. Assets are fine." Last week, CoinDesk published a story revealing the balance sheet of FTX sister company Alameda Research was loaded with FTX's native exchange token FTT, leading to a war of words between Alameda CEO Caroline Ellison and Binance CEO Changpeng "CZ" Zhao. Plus, a closer look at OpenSea's outlook on NFT creator royalties.

See also:

OpenSea Rolls Out Two New NFT Theft Protection Features

In Praise of White-Hat Hackers, but Overreliance Is Foolish

FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of two pieces reflecting on Bitcoin 14 years after the white paper.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of “Long Reads Sunday,” NLW reads:

“Bitcoin Is the Song That Does Not End” – Isaiah Douglass

“End of the Monopoly: How Bitcoin Will Usher in a New Era of Governance in Crypto” – Edan Yago

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today's editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: tommy/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

A roundup of the week’s most valuable crypto stories for Saturday, Nov. 5, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Twitter's Reported Layoff Plans
  • Fed Preview: Crypto Market Sees Smaller Rate Hikes From December
  • Crypto's Latest Wave of Layoffs
  • NBA Top Shot Creator Dapper Labs Cuts 22% of Staff

Links to the headlines:

Fed Preview: Crypto Market Sees Smaller Rate Hikes From December but Major Banks Warn 'Slower Doesn't Mean Lower

Crypto Exchange BitMEX Cuts Staff as It Pivots Back to Derivatives Strategy

Payments Processor Stripe Cutting Over 1,000 Jobs

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This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, Instagram is bringing NFTs to billions.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of the “Weekly Recap,” NLW looks at:

  • Reports that Twitter is shelving a crypto wallet project
  • Instagram bringing creation and selling of NFTs natively to its platform
  • Coinbase and Blockchain Association file friend of the court briefs in SEC-Ripple case
  • Grayscale survey on consumer attitudes towards crypto

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Anna Moneymaker/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Nov. 4, 2022.

'The Hash' hosts discuss recent criticism of Aptos' "fair" token distribution following a wave of criticism from the project's community. In addition, Bloomberg reports that South Korean prosecutors suspect Do Kwon, the co-founder of Terraform Labs, may be in Europe. And also an interview with Founder and technologist Iddris Sandu as he explains how Spatial LABS connects the fashion industry with crypto.

See also:

Aptos CEO Defends 'Fair' Tokenomics That Prompted Community Backlash

Terra's Do Kwon May Be in Europe: Report

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

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The investor and podcaster takes a different approach than many.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW is joined by Jason Choi. Jason is an investor with Web3 angel collective Tangent, and also produces the long running “Blockcrunch” podcast (and companion VIP newsletter). In this conversation, he and NLW talk about the state of the markets, why crypto venture capital can be misaligned with the goals of decentralized networks, and what the alternatives might be.

Find our guest on Twitter: @mrjasonchoi

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Near.

Legislative steps we're taught in civics class are only a small part of what it takes for a bill to become a law. The process of strategy negotiations and long-term thinking for future industries is complex. In addition to balancing huge agendas, lawmakers and their teams have to navigate a complex regulatory environment, all while paying attention to polling data. According to a recent study by the Crypto Council for Innovation, those who own crypto will vote for candidates who support crypto.

"Money Reimagined" hosts Michael Casey and Sheila Warren speak with Alex Sternhell, founder of Sternhell Group, and Brett Quick, head of government affairs for North America at the Crypto Council, to discuss the importance of crypto in this legislative season and the upcoming midterm elections.

See also: A Quarter of Americans Say Inflation, Economy Woes Sparking Interest in Crypto, Poll Finds

A Majority of US Voters Want More Crypto Regulation, Poll Shows

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

"The Hash" hosts discuss the latest news impacting the crypto industry, including Instagram's plans allow a select group of digital creators to mint and sell NFTs on its platform. Plus, crypto winter fallout continues as payment processing firm Stripe cuts over 1,000 jobs and NBA Top Shot creator Dapper Labs dramatically reduces its headcount.

See also:

Payments Processor Stripe Cutting Over 1,000 Jobs

The Missing CryptoQueen Has Friends in (Very) High Places

Instagram Users Will Soon Be Able to Mint and Sell NFTs

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Those looking for signs of a more dovish Federal Reserve were disappointed.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW covers Wednesday’s Federal Open Market Committee meeting. Nominally the big news was the fourth consecutive 75 bps rate hike. But the big news was Federal Reserve Chair Jerome Powell used the presser as an occasion to again remind markets that any talk of pivots or changes is premature. In fact, he shared that data received since September was likely leading the Fed to revise upwards estimates of where it believes the peak federal funds rate will need to land.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Chip Somodevilla/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Wednesday, Nov. 2, 2022.

"The Hash" team discuss the latest wave of reported layoffs at cryptocurrency exchange BitMEX, crypto-focused financial-services firm Galaxy Digital, and crypto venture capital company Digital Currency Group (DCG). DCG is the parent company of CoinDesk. Plus, more details on Ethereum's next major upgrade, dubbed "Shanghai."

See also: Crypto Exchange BitMEX Cuts Staff as It Pivots Back to Derivatives Strategy

The Next Major Ethereum Upgrade, Shanghai, Now Has a Testnet

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

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Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The crypto exec talks about freedom money vs. surveillance money.

This episode is sponsored by Nexo.io, Circle and FTX US.

Dan Held is a serial bitcoin entrepreneur, the former head of growth marketing at Kraken and currently an adviser to Trust Machines and other crypto companies. In this discussion, he and NLW talk about the state of crypto narratives, bitcoin maximalism versus bitcoin moderates and why central bank digital currencies are among his top concerns.

Find our guest on Twitter: @danheld

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Boris SV/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of “Women Who Web3,” Kamz speaks with Shannon Snow, the chief operating officer of World of Women. Before joining World of Women in June 2022, Shannon managed U.S. entertainment at Meta, an organization that helped entertainment, media and sports companies move into the metaverse. Growing up at Google, she built and led teams for more than a decade. As a public speaker, she speaks about Web3, the metaverse, entertainment and using technology for good. In order to empower the next generation of tech leaders, she invests in female and diverse founders.

Shannon discusses:

✊ The “Every woman deserves respect, happiness and freedom” social movement and supporting women in Iran

🧕 The importance of inviting more women and girls into the metaverse

🎮 The IRL benefits of participating in the metaverse

🌎 The meaning of representation and why it's important IRL and in the metaverse

🗝️ The future of the metaverse and World of Women (WoW)

🧘🏽‍♀️We end with a meditation focused on relaxation and “Holding Space for Others.”

See also:

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space!

Check out my blog on Mirror for content on women, wellness and web3.

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Mind and Soul’ by Stefano Vita and ‘Electrolove’ by Lunareh.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Tuesday, Nov. 1, 2022.

"The Hash" team discusses today's top stories, including investors' hopes that the Federal Reserve will pivot away from jumbo interest rate hikes from December to end the so-called liquidity tightening sooner than expected, and will signal that at its Nov. 2 meeting. And, a closer look at why dogecoin (DOGE) surged last month, outpacing other major cryptocurrencies, as Elon Musk takes control of Twitter.

See also:

Fed Preview: Crypto Market Sees Smaller Rate Hikes From December but Major Banks Warn 'Slower Doesn't Mean Lower

Dogecoin’s 102% Spike Steals the Spotlight as October Ends

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

-

Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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And is the blue checkmark payment plan less about bots and more about the model?

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW recaps the first few days following Elon Musk’s takeover of Twitter, including who he has fired and brought in, how the company is thinking about content moderation, a new payment plan for verification and, of course, dogecoin.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Taylor Hill/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Monday, Oct. 31, 2022.

"The Hash" hosts discuss today's top stories including the reported plans for upcoming layoffs at Twitter, Vitalik Buterin's warning on pursuing large institutional capital before the crypto industry gets more mature and Huobi's delisting of its HUSD stablecoin.

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get

$20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Bankless co-founder discusses Ethereum post-Merge and more.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW speaks with David Hoffman, the co-founder of Bankless. They discuss how this bear market is alike and different from the previous one, as well as the state of Ethereum post-Merge.

Find our guest on Twitter: @TrustlessState

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: DNY59/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Risk assets have traded together this year, so what does it actually tell us about bitcoin?

This episode is sponsored by Nexo.io, Circle and FTX US.

On this week’s “Long Reads Sunday,” NLW reads:

“Bitcoin Is Macro, but Not ‘Correlated’ in the Way You Think” – Noelle Acheson

“Why Bitcoin Has Been Highly Correlated With Fiat” – Steven Lubka

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Violka08/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

A roundup of the week’s most valuable crypto stories for Saturday, Oct. 29, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Crypto-Friendly Rishi Sunak to Become UK Prime Minister
  • CFTC Chair Addresses Crypto-Related Enforcement
  • Google's Q3 Earnings Reveal Crypto Winter Affected Ad Revenue
  • Meta Misses Q3 Revenue Estimates for Metaverse Division
  • What Musk’s Twitter Deal Could Mean for Crypto

Links to the headlines:

Crypto-Friendly Rishi Sunak to Become UK Prime Minister Following Truss Exit

Crypto Ad Spending Slowdown Contributes to Google’s Soft Quarter

Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023

Elon Musk Finally Closes Twitter Acquisition, Fires Top Executives

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What we learned after the latest Chinese Party Congress.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of the “Weekly Recap,” NLW gives an overview of the 20th Chinese Party Congress, including the power moves made by President Xi Jinping, Western reactions and why the leader is shifting from economics to ideology.

As referenced in the episode, check out ‘The 4 Wars We Could Fight With China,’ Feat. Kyle Bass.

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Lintao Zhang/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Friday, Oct. 28, 2022.

"The Hash" hosts discuss today's top stories moving the crypto markets, including reactions to the latest U.S. inflation data, Elon Musk's Twitter takeover, and Google's dedication to blockchain services.

See also:

Elon Musk Finally Closes Twitter Acquisition, Fires Top Executives

Dogecoin Soars as Elon Musk's Twitter Deal Nears Completion

Elon Musk, Twitter and the Social-Media Double Bind

Google Introduces Cloud-Based Blockchain Node Service for Ethereum

-

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get

$20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Morning Navigator author explains the last two years of oil, and more.

This episode is sponsored by Nexo.io, Circle and FTX US.

In this interview, NLW chats with Tony Greer, a veteran trader and author of the Morning Navigator newsletter. They discuss energy markets, inflation and geopolitics.

Find our guest on Twitter: @TgMacro

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Near.

The Bermuda government has taken an interesting approach to encourage the development of crypto, blockchain, and digital assets within the territory.

The insurance sector is one area where Bermuda seems well-positioned to dominate crypto finance and its territory is one of the largest insurance and reinsurance hubs in the world.

Does its model set the stage for other countries in the quest for viable insurance?

On this episode of “Money Reimagined” host Michael Casey is at the Bermuda Tech Summit in Bermuda and is joined by his co-host Sheila Warren to speak with Joseph Ziolkowski the CEO of Relm. Relm describes itself as the leading global insurer for companies operating in new and emerging business sectors, such as digital asset/web3, cannabis, and alternative therapeutics.

-

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer Jared Schwartz. Our theme song is “Shepard.”

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Thursday, Oct. 27, 2022.

Meta Platforms (FB) reported third-quarter revenue of just $285 million in its Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations. That fell short of analyst expectations of $406 million. Plus, the world's largest bitcoin miner, Core Scientific (CORZ), warns that it may have to explore bankruptcy if it fails to improve its financial condition.

See also:

Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023

New NFT Marketplace Blur Closes in on OpenSea in 24-Hour Trade Volume

Kazakhstan to Test National Digital Currency on BNB Chain, Binance CEO Zhao Says

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This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Hashrate and difficulty are both near all-time highs.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW catches up on the bitcoin mining industry, and why soaring hashrate and mining difficulty represent something very different in a bear market than they did during the bull.

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Yuichiro Chino/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin was over $20,000 for the first time in three weeks.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW looks at the positive price action of the past few days, with an eye to understanding how people are understanding the move. Is it a macro shift and a belief in a coming Federal Reserve pivot? Is it a crypto-specific narrative? Is it the market getting ahead of itself?

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Anzhela Mingaleeva/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Wednesday, Oct. 26, 2022.

"The Hash" team hashes out today's hot topics, including the crypto market surge, with bitcoin challenging $21,000. In addition, Google's Q3 earnings report reveals that crypto winter affected ad revenue. Also, what's driving the popularity of Reddit NFTs?

See also: Crypto Ad Spending Slowdown Contributes to Google’s Soft Quarter

Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token Surge

Reddit NFTs Challenge Bored Apes on OpenSea With Trade Surge

Bloomberg's Matt Levine Writes 40,000-Word Article on Crypto

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

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ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get

$20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Join Kamz and Sara Baumann, the artist and founder behind the Women and Weapons NFT project as they educate on all things non-fungible tokens.

Sara is an Iranian-American occupational therapist who worked full-time in hospitals during COVID-19. She left that job in 2021 to pursue her lifelong dream of becoming a full-time artist, and within a few months had built a multi-million-dollar brand. All of this was made possible through the power of NFTs. She is now on a mission to encourage more women, minorities, and everyone else to join this burgeoning sector.

Sara discusses:

⚔️the Women and Weapons NFT project

🌟what are NFTs and what should women know about them

🎨how artists can create an NFT project

🦾Nova, the animated digital influencer

🧘🏽‍♀️We end with a meditation focused on visualizing and manifesting your dreams.

See also:

Read about the power of NFTs in Sara’s life: https://www.coindesk.com/business/2022/04/19/sara-baumann-nfts-let-me-quit-my-job/

Browse Women and Weapons NFTs for sale on OpenSea: https://opensea.io/collection/womenandweapons

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space!

Check out my blog on Mirror for content on women, wellness and web3.

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This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Mystic Wind’’ by Outside the Sky and ‘Fireworks’ by Lunareh.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Reddit avatars are topping OpenSea charts this week.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW looks into how different pre-Web3 tech companies are getting involved with Web3. Specifically, he looks at how Reddit non-fungible tokens (NFT) are lighting up the Reddit community, and how Apple’s new terms might be problematic for Web3 game developers. He also catches up on news that pro-crypto Rishi Sunak will be the next British Prime Minister.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Horacio Villalobos/Corbis/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Tuesday, Oct. 25, 2022.

Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said he gets “very irritated when folks start to talk about the CFTC as a more favorable regulator,” adding that his agency’s “greatest accomplishment” was its track record of crypto-related enforcement actions. Plus, Apple has rejected calls to exempt NFTs from its 30% “Apple Tax” on in-app purchases.

See also:

Apple Refuses to Exempt NFTs From App Store’s 30% Fee

CFTC Chair Behnam Says ‘Number One Accomplishment’ Is Track Record of Enforcement Actions

Chinese Intelligence Officers Used Bitcoin in Scheme to Undermine Investigation, US Officials Allege

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This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Monday, Oct. 24, 2022.

“The Hash” hosts discuss Rishi Sunak, who shepherded the U.K.’s new crypto ambitions during his time as finance minister and will be the country’s next prime minister following Liz Truss’ controversial resignation last week. Plus, cryptocurrency exchange FTX agrees to reimburse victims of this weekend's phishing attack up to $6 million, according to the exchange's CEO Sam Bankman-Fried.

See also: Crypto-Friendly Rishi Sunak to Become UK Prime Minister Following Truss Exit

Crypto Exchange FTX to Compensate API Phishing Victims With as Much as $6M

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get

$20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The BoJ is trying to prop up the price of the yen.

This episode is sponsored by Nexo.io, Circle and FTX US.

“The Breakdown” kicks off the week with a look at one of the big global macro stories shaping markets right now, which is the first Bank of Japan interventions into the country’s currency markets in two decades. Some are speculating the BoJ’s actions could have implications for the U.S. as well because Japan has to liquidate its U.S. Treasury holdings to prop up the price of the yen.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: Javier Ghersi/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is, in spite of itself, the Twitter discourse moving towards the productive?

This episode is sponsored by Nexo.io, Circle and FTX US.

On this week’s “Long Reads Sunday,” NLW reads Sam Bankman-Fried’s “Possible Digital Asset Industry Standards.”

He also references Erik Voorhees “A Response to SBF and Principled Crypto Regulation” and a thread featuring Scupytruples.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: Craig Barritt/Getty Images for CARE For Special Children, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

A roundup of the week’s most valuable crypto stories for Saturday, Oct. 22, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Mastercard Joins Paxos to Help Banks Offer Crypto Trading
  • Hodlonaut Wins Norwegian Lawsuit Against Self-Proclaimed ‘Satoshi’ Craig Wright
  • Do Kwon Acknowledges UST Project Failed

Links to the headlines:

Mastercard Joins With Paxos to Help Banks Offer Crypto Trading

Hodlonaut Wins Norwegian Lawsuit Against Self-Proclaimed ‘Satoshi’ Craig Wright

S. Korean Prosecutors Say Reports of Do Kwon's Stopover in Dubai 'Not False': Bloomberg

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The IRS taxes non-fungible tokens, Europe debates decentralized finance and more.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of the “Weekly Recap,” NLW looks at the state of crypto legal proceedings and global regulatory discussions, including:

  • Hodlonaut wins against Craig Wright in Norway
  • Coinbase, Blockchain Association and others file amicus briefs in Grayscale SEC suit
  • U.K. updates crypto regulation plan
  • EU debates DeFi

(Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: We Are/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Friday, Oct. 21, 2022.

"The Hash" hosts discuss today's top stories, including the latest report that Terraform Labs founder Do Kwon is on the move and has transited to an unknown destination via Dubai. This comes after Do Kwon appeared on Laura Shin's podcast acknowledging that the TerraUSD (UST) project failed.

See also:

S. Korean Prosecutors Say Reports of Do Kwon's Stopover in Dubai 'Not False': Bloomberg

Genesis Chief Risk Officer Said to Be Exiting After 3 Months

THE Memes Won’t DIE: Crypto Hopefuls Seek Value in Joke Tokens After Vitalik Buterin’s Tweets

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This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest in post-narrative institutionalization.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW gives the latest in his recurrent theme on “post-narrative institutionalization” – the idea that during the 2022 bear market institutional actors have not only not abandoned the crypto industry but increased their stake with a look forward to the next bull run.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Near.

Now in the bear market, we are approaching the potential for a secure, privacy-preserving Web3.

Why is it so important or even possible to have a truly portable identity now more than ever?

On this episode of “Money Reimagined” hosts Michael Casey and Sheila Warren speak with Greg Kidd, a serial entrepreneur, investor, and the founder of the Hard Yaka investment group. As an early investor in companies such as Twitter, Square, Ripple, Coinbase, and Twilio, Gregg also started a digital identity company called GlobaliD.

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer Jared Schwartz. Our theme song is “Shepard.”

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Thursday, Oct. 20, 2022.

Prominent Bitcoin community member Hodlonaut won a lawsuit against Craig Wright on Thursday, a Norwegian judge ruled. The pseudonymous website editor had sued Wright in Norway to try and preempt a defamation suit Wright planned to bring against him in the U.K. Plus, Warner Bros. gears up to sell "Lord Of The Rings" non-fungible tokens (NFTs).

See also:

Hodlonaut Wins Norwegian Lawsuit Against Self-Proclaimed ‘Satoshi’ Craig Wright

Multicoin-Backed Sports Startup Pitches NFTs as Ticket to Fan Experiences

Warner Brothers Is Transforming the Original ‘Lord of the Rings’ Movie Into a Web3 Experience

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This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Liz Truss’ resignation is about more than British domestic politics.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW looks at the short, fitful reign of the U.K.’s shortest-serving Prime Minister, Liz Truss. He argues that the problems with her time in office were not just about British politics, but serve as a reminder of how every global politician is forced to react to forces much larger than their domestic situation.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: Leon Neal/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Tuesday, Oct. 19, 2022.

Terra developers floated a new proposal earlier this week as they look to revive the once-mighty network, even as Do Kwon, the platform's controversial co-founder, faces a warrant for his arrest on charges of fraud. Plus, the U.S. Internal Revenue Service (IRS) has made a move this week to clarify at least one question for crypto investors: how taxpayers account for non-fungible tokens (NFTs).

See also:

IRS Expands Key US Tax Language to Include NFTs

Binance now second-largest entity by voting power in Uniswap DAO

Reddit Users Created 3 Million Crypto Wallets to Scoop Up Polygon NFTs - Decrypt

Terra Developers Unveil 4-Year Plan to Revive LUNA Ecosystem

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This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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That’s what Bloomberg economists’ forecasting models are predicting.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode of “The Breakdown,” NLW looks at the various signals markets are grappling with, including continued hawkish commentary from the Fedeal Reserve, financial modeling that keeps increasing the likelihood of recession in 2023, better-than-expected data in Q3 earnings but painful data coming from the housing market.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Join Kamz and Rebecca Minkoff, a mom and industry leader in accessible luxury handbags, accessories, and apparel selling in over 900+ retailers across the world, as they unstitch the intersection of non-fungible tokens (NFT) and fashion and discuss female founders and entrepreneurial success. Rebecca lays the fabric for women to sign their own permission slips to lead, generate wealth and bring other women up with them.

Rebecca shares:

🛍️what are fashion NFTs and why women should invest in them

🔑the key to success and why pivoting into the Web3 space is crucial for women entrepreneurs

💅how to find critical resources for women founders through the Female Founder Collective

😇 the reality of the entrepreneurial impact on parenting

✨the metaverse and the future of fashion and technology

🧘🏽‍♀️We end with a meditation focused on overcoming burnout

See also:

Take Rebecca’s SkillShare class: Build Your Business and Brand: Translating Your Passion Into a Plan

Read Rebecca’s book: Fearless: The New Rules for Unlocking Creativity, Courage, and Success

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space!

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Mind and Soul’ by Stefano Vita and ‘Electrolove’ by lunareh.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The commissioner hopes better definitions will lead to better investor protections.

This episode is sponsored by Nexo.io, Circle and FTX US.

Today on “The Breakdown,” NLW covers a number of stories from across the crypto space, including:

  • A new definition of retail investors?
  • Mastercard gets deeper into crypto with Paxos
  • Why BNY Mellon is going bigger on crypto
  • SEC and CFTC look into Three Arrows Capital
  • Paradigm files amicus brief in the Ooki DAO lawsuit

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: Spencer Platt/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Tuesday, Oct. 18, 2022.

Do Kwon, the controversial co-founder of Terraform Labs, the firm behind the Terra blockchain network, has denied claims that he is on the run from law enforcement, despite Interpol reportedly issuing a "red notice" for his arrest last month. Plus, Story DAO co-creators Justin and J.P. Alanís join "The Hash" live from I.D.E.A.S. to discuss their "radical experiment in community world-building."

See also:

FTX-, A16z-Backed Aptos Blockchain Is Off to a Sluggish Start

Terra Co-Founder Do Kwon Still Says He's Not on the Run

EU Countries Must Be Ready to Block Crypto Mining, Commission Says

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This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Magic Eden announced Friday it would be moving to a royalties-optional model.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW looks at the non-fungible token community’s current debate about royalties. Marketplaces are moving to zero-royalty or royalty-optional models, while many in the space think it is precisely automated royalties that made NFTs so disruptive for artists and creators in the first place.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: TIM VERNON / SCIENCE PHOTO LIBRARY/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Monday, Oct. 17, 2022.

Mastercard (MA) has formed a partnership with crypto trading platform Paxos to offer a program that will help financial institutions offer cryptocurrency trading, the payments company said Monday. Plus, Solana non-fungible token (NFT) mainstay Magic Eden is moving to an optional royalty model, the marketplace said in a Friday night Twitter thread.

See also:

Mastercard Joins With Paxos to Help Banks Offer Crypto Trading

NFT Marketplace Magic Eden Moves to Optional Royalty Model

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get

$20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest in the 2022 bitcoin maximalism debates.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of "Long Reads Sunday," NLW reads “The Rise and Fall of Bitcoin Culture” by Dr. Paul J. Dylan-Ennis.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: KrizzDaPaul/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

A roundup of the week’s most valuable crypto stories for Saturday, Oct. 15, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • PayPal Says it's 'Not Fining People for Misinformation’
  • Google Partners With Coinbase to Accept Crypto Payments for Cloud Services
  • How Market Manipulation Led to a $100M Exploit on Mango
  • Cryptocrime rises in October
  • An interview with Sandy Carter from Unstoppable Domains

Links to the headlines:

Google Partners With Coinbase to Accept Crypto Payments for Cloud Services

How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango

October Becomes Worst Month for Crypto Hacks With Two Weeks to Go

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This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

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ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Biden Administration recently announced even more restrictions involving semiconductors.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this episode, NLW provides a 101-style primer on chip manufacturing and why it has become a key geopolitical concern for the U.S. and China, especially over the last few years.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Andrea Nicolini/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Friday, Oct. 14, 2022.

The “Hash” hosts discuss the bitcoin services company NYDIG laying off around 100 people, according to CoinDesk sources. The firm has cut approximately 30% of its staff in the past several weeks as the crypto market has soured. Crypto winter is also taking a toll on companies that man the virtual mines, which has led to cryptocurrency exchange Binance starting a lending facility for bitcoin (BTC) miners. Plus, Tether, a stablecoin issuer, announced it no longer holds commercial paper or unsecured debt to specific company holdings. And also, another hot topic, Binance starts a $500M support fund for Bitcoin mining. And Also, an interview with Sandy Carter from Unstoppable Domains.

See also:

Crypto Trading Firm NYDIG Lays Off About 33% of Staff

US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report

Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

Binance Pool Starts $500 Million Fund to Support Bitcoin Mining

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get

$20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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That’s the argument of acting Comptroller of the Currency Michael Hsu.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW looks at the latest chatter around the crypto industry, including:

  • Jamie Dimon’s newest negative comments on crypto
  • Acting OCC Hsu’s comments that crypto is taking up too much mental bandwidth among regulators
  • SEC Chair Gary Gensler’s comments about the role of the CFTC in regulating crypto

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: OsakaWayne Studios/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and Near.

Over the past year, Michael and Sheila have talked quite a bit on this show about the quickly evolving crypto policy environment. A big theme in all of that has been the intersection – and quite often the clash – between the industry’s breakneck pace of innovation and regulation. As the industry grows, governments around the world are looking to get up to speed, and increasingly their actions have ramifications in the sector.

One regulatory body that’s increasingly engaging with the crypto community is the Commodity Futures Trading Commission. The CFTC is an independent U.S. agency that regulates the $200+ Trillion derivatives market including futures contracts, options, and swaps.

Since 1974 its mission has been to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. Now, based on the proposals of some legislative initiatives, it could be poised to take a leading role in the regulation of cryptocurrencies and digital assets in the U.S. – something many in the community are supporting, perhaps in the hope that it will reduce the sway of the seemingly less-friendly Securities and Exchange Commission.

To help us understand what all this means, hosts Michael Casey and Sheila Warren speak with former CFTC commissioner Dawn Stump on this 100th episode of “Money Reimagined.”

Dawn Stump became a commissioner in 2017 following a presidential appointment and Senate confirmation.

As one of five CFTC commissioners, she helped to shape the priorities of the agency while overseeing policy direction and internal planning. In particular, she was instrumental in negotiating the reform of derivatives regulations contained in the Dodd-Frank Act and in efforts to conduct oversight of commodity and financial derivatives under the jurisdiction of the CFTC.

This is a must-listen to better understand the crypto policy environment. As Dawn put it, “The impetus for regulation should not be a crisis; the impetus for regulation should be an opportunity.”

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer Jared Schwartz. Our theme song is “Shepard.”

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A whipsaw morning in trading follows the release of September’s official U.S. inflation numbers.

This episode is sponsored by Nexo.io, Circle and FTX US.

Today’s release of the September inflation numbers surprised economists with a larger-than-expected growth in inflation – particularly in the core inflation data on which the U.S. Federal Reserve focuses its decision-making. On today’s episode, NLW explores what markets had expected, how they reacted and what it means for what comes next.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Thursday, Oct. 13, 2022.

The “Hash” hosts discuss DeFi protocols that have lost over $718 million to 11 different hacks this month so far, according to research firm Chainalysis. Plus, decentralized exchange Uniswap Labs raises $165 million in a Series B funding round led by crypto-focused investment firm Polychain Capital.

See also: October Becomes Worst Month for Crypto Hacks With Two Weeks to Go

Crypto Exchange Uniswap Labs Raises $165M in Polychain Capital-Led Round

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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BNY Mellon is approved for crypto custody while the SEC examines Yuga Labs.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW covers stories that reflect the two big themes of the 2022 crypto bear market: post-narrative institutional adoption on the one hand, and regulatory enforcement on the other. He covers the news that BNY Mellon has been approved to custody crypto (along with accusations from some in the industry that the approval shows regulatory favoritism for TradFi), Google’s partnership with Coinbase, Grayscale’s first brief in its lawsuit against the SEC and reports that the SEC is looking into Bored Ape Yacht Club creator Yuga Labs. (Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Noam Galai/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Wednesday, Oct. 12, 2022.

A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. The Hash Hosts discuss this plus, the largest independent robo-advisor, Betterment, is letting its clients invest in a handful of crypto portfolios for the first time, but with a caveat: best not to go above 5% exposure.

See also:

How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango

Robo-Adviser Betterment Launches Cryptocurrency Offering

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Join Kamz and Rachel Price Sitman, founder and Community Builder of XCollective, a professional growth community providing career coaching, networking & negotiation tips in the Web3 space, as they discuss how to secure the Web3 job and pay of your dreams. Join them on an adventure as they pave the road from job search to acquisition. They cruise through understanding the benefits of working in Web3, especially for women, and most importantly, how to ensure you’re being compensated fairly.

Rachel shares the scoop on:

🗃️The new Web3 recruiting landscape

💻Advice for job seekers transitioning from web2 to web3

🖱️The soft skills you need to jump into the web3 job space

💵Negotiating pay where no previous job pay data exists

🪪On-chain resumes, certifications, and online identity

🧘🏽‍♀️We end with a meditation focused on: Relieving Job Stress and Anxiety

See also: www.xcollective.io

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space!

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is "Twennysomething" by Daniele Musto. Other music used is "Morning Star" by DeHartmann and "Undeniable" by Johanna Cranitch.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Tuesday, Oct. 11, 2022.

Google will start accepting crypto payments for cloud services early next year. The tech giant said it will receive crypto payment via an integration with crypto exchange Coinbase. Plus, the state of the NFT market as CNN is "saying goodbye" to its Web3 project Vault.

See also:

Google Partners With Coinbase to Accept Crypto Payments for Cloud Services

Block Subsidiary Spiral, Mining Tech Firm Braiins Spearhead Push for Bitcoin Mining Upgrades

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This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Wall Street seems convinced that forward guidance is going to be rough.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW checks in on the macro scene, including:

  • What the earnings report season that begins this week might tell us about where corporate America is headed
  • Why the Federal Reserve still doesn’t care about stock prices
  • Why the former whales in the market aren’t buying Treasurys like they used to

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: lemono/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new policy was quickly retracted over the weekend.

This episode is sponsored by Nexo.io, Circle and FTX US.

On Saturday, a PayPal policy was announced where customers could be fined up to $2,500 for misinformation and other causes, at the sole discretion of the company. The internet’s outrage was quick and loud, and very soon PayPal retracted the policy and said it was published in error. NLW explores what the policy would have done and why some are asking what it suggests about a future with central bank digital currencies (CBDC).

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Justin Sullivan/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Monday, Oct. 10, 2022.

Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets, has agreed to be purchased by Hong Kong-based investment company About Capital Management's M&A fund. Plus, PayPal addresses its acceptable use policy (AUP) notice update that a spokesperson said "included incorrect information" and sparked a debate online.

See also:

Crypto Exchange Huobi Global to be Acquired by About Capital

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Staking ether fails to meet at least two prongs of the Howey test, according to the authors.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this week’s “Long Reads Sunday,” NLW reads “Ethereum's New ‘Staking’ Model Does Not Make ETH A Security.” The piece was authored by:

  • Rodrigo Seira, crypto counsel at Paradigm
  • Amy Aixi Zhang, policy counsel at Paradigm
  • Jake Chervinsky, head of policy at the Blockchain Association, adviser at Variant Fund and board member at DeFi Education Fund

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Jason marz/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

A roundup of the week’s most valuable crypto stories for Saturday, Oct. 8, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Kim Kardashian Faces SEC Scrutiny Over Crypto Promotion
  • Elon Musk Reportedly Proposes to Proceed With Twitter Acquisition
  • European Union (EU) is proposing new sweeping legislation for crypto wallets and exchanges
  • Do Kwon's Passport Set to Be 'Invalidated' by South Korea

Links to the headlines:

Kim Kardashian Pays $1.26M Fine to SEC for Promoting EthereumMax Without Disclosing Reimbursement

Elon Musk Proposes to Proceed With Twitter Acquisition

EU Seals Text of Landmark Crypto Law MiCA, Fund Transfer Rules

Terra Founder Do Kwon's Passport 'Invalidated,' S. Korea Says

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This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Bridgewater founder is leaving his firm.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of the “Weekly Recap,” NLW looks at a slew of Federal Reserve comments indicating that no pivot on interest rates is on the horizon. He also reads a set of Ray Dalio threads as the famous hedge funder transitions away from his firm.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Kimberly White/Getty Images for TechCrunch, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Friday, Oct. 7, 2022.

The BNB Smart Chain (BSC) resumed operations as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain. Plus, FTX has partnered with Visa to roll out crypto debit cards across 40 countries.

See also:

BNB Smart Chain Resumes Operations After $100M Exploit

Crypto Exchange FTX's Token Surges 7% After Visa Partnership Report

US Jobs Growth Slows Less Than Expected; Bitcoin Slips From $20K

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This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Another week, another set of hacks for crypto.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this crypto recap episode, NLW looks at the latest news including:

  • Binance Smart Chain exploit
  • Celsius user data leak
  • MiCA regulation text finalization

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Boris Zhitkov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and Near.

Can financial inclusion be achieved without a bank account or a digital money solution, such as crypto?

Host Michael Caseyis solo on this episode of “Money Reimagined,” to speak with Brett Scott, journalist, financial hacker, activist, and author of ‘Cloud Money: Cash, Cards, Crypto and the War for Our Wallets.’

According to Scott’s thesis, digitizing money is putting humanity at risk. He argues that cash, with its unique capacity to preserve privacy and avoid central surveillance, is an important escape valve for societies to sustain their freedom. And while those concerns align with the views of many in the crypto community, Scott is not a big fan.

However, if crypto is to evolve, his perspective is an important one for people to absorb.

This is a must-listen episode.

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer Jared Schwartz. Our theme song is “Shepard.”

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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OPEC+ agreed to reduce production by two million barrels per day.

This episode is sponsored by Nexo.io, Circle and FTX US.

As inflation rages, the global economy slows, and the U.S. releases more and more oil from its Strategic Petroleum Reserve, OPEC+ has decided to decrease oil output. The move happens in spite of significant pressure from the Biden Administration. NLW discusses what it means for economic prospects as well as for shifting geopolitical alliances.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: William_Potter/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Thursday, Oct. 6, 2022.

The South Korean Ministry of Foreign Affairs posted a public notice on its website Wednesday announcing it would invalidate Terra creator Do Kwon's passport, advancing a move the government first said it was considering last month. Plus, a closer look at how Warner Music Group plans to expand its Web3 strategy.

See also: Terra Founder Do Kwon's Passport 'Invalidated,' S. Korea Says

Warner Music Group Continues Its Web3 Expansion With New Metaverse Job Posting

Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy

Since publication, the reporting and headline about Celsius Top Execs has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million.

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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But will it actually make Twitter better?

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW checks in on “Uptober” and asks whether the market rally has legs beyond Monday. He then looks at the news that Elon Musk’s purchase of Twitter is back on track, and explores what we learned from text messages made public as part of the pretrial process.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Sinna Nasseri/Getty Images for Vogue, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Wednesday, Oct. 5, 2022.

Prosecutors in South Korea have frozen 56.2 billion won ($39.6 million) of cryptocurrency assets belonging to Do Kwon, CEO of Terraform Labs, the firm behind the failed Luna stablecoin project, according to Korean media outlet News1. The “Hash” hosts discuss this, plus the European Union (EU) is proposing new sweeping legislation for crypto wallets and exchanges, basically setting standardization across the block. Also, SWIFT says it has proved it can be the way forward for global central bank digital currencies (CBDCs).

See also:

South Korean Prosecutors Freeze $39.6M in Crypto Owned by Terraform’s Do Kwon: Report

SWIFT Says It's Proved It Can Be the Way Forward for Global CBDCs

EU Seals Text of Landmark Crypto Law MiCA, Fund Transfer Rules

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

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Join Kamz and doc Peace, retired doctor, a Forbes-featured Empowerment & Pivot Coach, and Spoken Word Artist, in a raw discussion of diagnosing the physical and mental symptoms preventing individuals, entrepreneurs, and companies from achieving their potential in the new web3 marketplace, treating the symptoms through mindfulness and more, and prescribing the strategies and secrets you need to dig deep and show up and succeed like never before.

docPeace shares:

💊the inside scoop of pivoting from the pharmacy to web3 and NFTs

🤑how she helps entrepreneurs and companies monetize through NFTs with coaching

🤝the major pain points entrepreneurs are facing in the web3 space and how to overcome them

…and more!

🧘🏽‍♀️We end with a meditation focused on: “visibility”

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join my weekly Twitter Space!

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Watermark’ by Stephen Keech y and ‘Undeniable’ by Johanna Cranitch.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Monday was the third-best October start in the stock market since 1930.

This episode is sponsored by Nexo.io, Circle and FTX US.

After a brutal “Rektember,” might a green “Uptober” be back on the menu? On today’s episode, NLW looks at the markets’ impressive October Day One performance and what’s behind the positive shift. He also looks at the SEC’s Kim Kardashian enforcement action and a new report on crypto from the Financial Stability Oversight Council.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: aleksle/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Oct. 04, 2022.

“The Hash” hosts discuss Tesla CEO Elon Musk moving forward with his on-again/off-again purchase agreement for Twitter at $54.20 per share, according to Bloomberg. Plus, new data from DappRadar sheds light on the non-fungible token (NFT) marketplace amid crypto winter.

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ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

The most valuable crypto stories for Monday, Oct. 3, 2022.

Reality TV star Kim Kardashian has paid $1.26 million to the U.S. Securities and Exchange Commission to settle charges relating to her promotion of the EthereumMax digital token.

"The Hash" hosts discuss this plus, Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts.

See also:

Kim Kardashian Pays $1.26M Fine to SEC for Promoting EthereumMax Without Disclosing Reimbursement

Crypto Exchange Coinbase Fixes Technical Problem That Temporarily Halted Payments and Withdrawals From US Bank Accounts

Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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If you listened to FinTwit this weekend, you probably think the answer is “yes.”

This episode is sponsored by Nexo.io, Circle and FTX US.

After a wild weekend of speculation and discussion, NLW breaks down what’s actually happening with beleaguered Credit Suisse, as well as why the FinTwit doom machine seems so focused on it.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Dan Kitwood/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of three Twitter threads on macro and crypto.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of “Long Reads Sunday,” NLW reads threads from MacroAlf on the problems of pensions, degentrading on why currency concerns should spook investors and Meltem Demirors on what she’s thinking about during the bear market.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by ZenGo.

A roundup of the week’s most valuable crypto stories for Saturday, Oct. 1, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Do Kwon Faces Reported Red Notice From Interpol
  • FTX Wins Auction for Voyager Digital's Assets
  • Kraken's Incoming CEO on Crypto Regulation Outlook, Market Turbulence
  • CFTC Chair Says Bitcoin Could ‘Double in Price’ Under Agency's Regulation

Links to the headlines:

Interpol Issues Red Notice for Do Kwon: Report

FTX Wins Bid to Buy Crypto Lender Voyager Digital's Assets Out of Bankruptcy

Kraken’s Jesse Powell to Step Down as CEO of Crypto Exchange

Breaking Down the SEC and CFTC’s Autumn Wave of Enforcement Actions

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

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ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Investors hoping for dovish relief after the BOE steps in to backstop British bond markets will be disappointed.

This episode is sponsored by Nexo.io, Circle and FTX US.

On this edition of the “Weekly Recap,” NLW summarizes the Bank of England’s intervention into U.K. bond markets and covers comments from various Federal Reserve officials that make clear the BOE’s actions aren’t affecting Fed thinking in any meaningful way.

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: jehsomwang/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Sept. 30, 2022.

“The Hash” hosts discuss a series of text messages released as part of ongoing litigation ahead of Elon Musk's trial with Twitter, shed some light on what was going on leading up to the takeover offer and what may have led to Musk scrapping the deal. Plus, non-fungible tokens (NFT) have finally arrived on Instagram after parent company Meta announced the long-awaited arrival of its digital collectible feature to its millions of users in the U.S."

See also:

Elon Musk Was Mulling Creating a Blockchain-Based Social Media Firm Before Offering to Buy Twitter

Meta Opens NFT Sharing on Instagram and Facebook to All US Users

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Do the Federal Reserve chief’s comments reflect larger confusion between decentralized finance and centralized finance?

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW catches up on recent crypto news including:

  • Jerome Powell’s recent comments on DeFi
  • California enforcement actions
  • An update on Do Kwon
  • TBD teams up with Circle

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and Near.

By what means do we think about identity? A substantial amount of regulation and policy work that is happening in crypto right now, is about how and when one will need to classify a transaction or exchange and to what extent do pre-existing rules apply in the Web3 space.

On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren are together again but this time, at Converge22 by Circle. They discuss the challenges of identity and verification in the U.S. and in other countries with Daniel Buchner, Head of Decentralized Identity at Block; and Chi Nnadi, the Co-Founder and Chief Executive Officer at Mara.

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Markets are showing strain under monetary tightening, but not enough to influence the Federal Reserve.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW examines a theory articulated by folks like analyst Jim Bianco. His theory is, the biggest issue for equities markets right now isn’t that things are breaking but that while markets are down they’re down in an orderly fashion, unlikely to convince the Federal Reserve it needs to change policy anytime soon.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Witthaya Prasongsin/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Sept. 29, 2022.

"The Hash" hosts discuss what Chairman Rostin Behnam of the Commodity Futures Trading Commission (CFTC) said Wednesday. That CFTC-led regulation could have significant benefits for the crypto industry, including a potential boost to the price of bitcoin (BTC). Plus, Terraform Labs said South Korean prosecutors overextended their authority in seeking a warrant for the arrest of CEO Do Kwon, according to a report in the Wall Street Journal, citing a statement sent by Terraform.

See also:

Breaking Down the SEC and CFTC’s Autumn Wave of Enforcement Actions

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says

Terraform Labs Calls S. Korean Authorities’ Arrest Warrant for Do Kwon Overreach: Report

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

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Have we officially hit the “things are breaking” stage in markets?

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

The Bank of England made huge news today when it intervened in the U.K. bond markets to prop up pension funds in the country that were in serious trouble due to recent volatility. On this episode, NLW explores how the markets reacted, and whether market breakages will force the U.S. Federal Reserve’s hand in a similar way. In comments, famed hedge funder Stanley Druckenmiller also explained why a crisis of faith in central banks could lead to a renaissance for cryptocurrencies.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Neilson Barnard/Getty Images for New York Times, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Sept. 28, 2022.

Incoming Kraken CEO Dave Ripley joins "The Hash" panel to discuss the crypto platform’s leadership plan, as Ripley gears up to succeed co-founder Jesse Powell, who will become chairman of the board of directors.

See also: Kraken’s Jesse Powell to Step Down as CEO of Crypto Exchange

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

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Right now the internet is governed by a few companies who, in part, control people's personal data in which they sell to enhance their own financial gain. Web3 was created to put the power of owning one’s personal data into the ‘hands’ of the individual. So what is Web3? As Sandy Carter believes “it is an open movement..to decentralize the internet.”

Join Kamz and Sandy Carter, the senior vice president and channel chief at Unstoppable Domains and co-founder of Unstoppable Women of Web3, as they break down the definition of web3 and why women should be a part of it for the future that is coming and for the future that is here.

Sandy Carter shares:

💻What is web3 and why women should be a part of it

🤩The exact steps to execute on your dreams and ideas

🤝How we ensure female leaders and women in general don’t get left behind in web3

👩🏻‍💻Why women should have a blockchain-based identity, aka an Unstoppable NFT domain name

🦾How to empower web3 women leaders and builders who are struggling

…and more!

🧘🏽‍♀️We end with a meditation focused on: “being productive!”

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join my weekly Twitter Space!

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Open to Receive’ by Outside the Sky and ‘Plizzy’ by Brasko.

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I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

Consensus 2023, the industry’s most influential event, is happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code WEB3WOMEN to get 15% off your pass. Visit https://events.coindesk.com/consensus2023*.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Sept. 27, 2022.

"The Hash" hosts discuss Alex Mashinsky, the CEO of bankrupt crypto lender Celsius Network, stepping down. A press release detailing his resignation letter notes Mashinsky regrets that his continued role as CEO "has become an increasing distraction." Plus, Voyager Digital announces FTX.US is selected "as the highest and best bidder" for its assets.

See also:

Bankrupt Crypto Lender Celsius Network's CEO, Alex Mashinsky, Resigns

FTX Wins Bid to Buy Crypto Lender Voyager Digital's Assets Out of Bankruptcy

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

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why the dollar’s strength represents such a problem for the rest of the world.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

The joke du jour on FinTwit has been that the British pound is trading like an emerging market currency (or on Crypto Twitter, like a s**tcoin). On today’s episode NLW looks at what’s happening and why dollar strength is wreaking havoc around the world.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: John M Lund Photography Inc/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, Sept. 26, 2022.

“The Hash” hosts discuss a Red Notice issued for Terraform Labs co-founder Do Kwon by Interpol, according to Bloomberg. Plus, Disney's interest in the crypto sector appears to be growing, as the entertainment giant posts a job listing looking for an "experienced corporate attorney to work on transactions involving emerging technologies, including NFTs."

See also:

Interpol Issues Red Notice for Do Kwon: Report

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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California Gov. Gavin Newsom says no to a bill that passed the Assembly 71-0.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks a set of recent crypto news, including:

  • A veto of California’s version of New York’s BitLicense bill
  • A new DARPA initiative to study crypto as a national security issue
  • IRS issues “John Doe” summons on crypto tax issues
  • Tension around the CFTC as lead crypto regulator

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Jerod Harris/Getty Images for Vox Media, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An argument for why Powell can’t repeat the actions of Volker in the 1980s.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this week’s “Long Reads Sunday,” NLW reads America’s Middle Class is Vanishing by Eric Basmajian and Powell is no Volker by James Lavish.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: KeithBishop/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Sept. 24, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Crypto Market Maker Wintermute Hacked for $160M
  • Iran to Start Testing a Digital Rial Soon
  • Coinbase Allegedly Created Its Own Proprietary Trading Firm with $100M Transaction
  • Stakefish Employees Are Fired on the Same Day of Ethereum Merge

Links to the headlines:

Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected

Iran to Start Testing a Digital Rial This Week

Coinbase Completed $100M Transaction to Test Proprietary Trading: Report

Ethereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why the market is acting so freaked out.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW looks at:

  • The market’s reaction to the FOMC, a few days on
  • The “golden handcuffs” in the housing market
  • A recap of the bank CEO hearing on Capitol Hill this week
  • Jesse Powell steps down as Kraken CEO

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: CSA Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Sept. 23, 2022.

"The Hash" hosts discuss the bankrupt crypto lender Celsius Network as it appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens. Plus, what Compute North's bankruptcy filing means for giants like Marathon Digital, as a BTIG analyst downgrades the stock from buy to neutral.

See also: Celsius Network Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens

Celsius Shareholders File to Stake Their Claim for Bankruptcy Payouts

Compute North Files for Bankruptcy as Crypto-Mining Data Center Owes up to $500M

Utah Man Charged With 7 Felonies in Connection to Alleged $1.7M Crypto Mining Scam

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

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The crypto industry reacts to an unexpected enforcement action.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at news that a draft of the House stablecoin bill is now circulating, and would, among other things, set out a two-year ban on algorithmic stablecoins like Terra. He also looks at late breaking news last night that the CFTC has named a DAO as part of an enforcement action, with wide-ranging consequences.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Andrii Yalanskyi/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and Near.

A Part 2 climate change edition from Lisbon, Portugal at Nearcon2022.

On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren are still together at Nearcon2022 for a second discussion on carbon credits and climate change.

They speak with guests Robert Schmidt, chief operating officer and co-founder of Toucan, and Phil Fogel, chief blockchain officer and co-founder of FlowCarbon.

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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

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I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The tight labor market has become the antagonist in Jerome Powell’s war on inflation.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On Wednesday, the U.S. Federal Reserve raised the benchmark federal funds rate by 75 basis points, the third consecutive hike of that size. The market expected this, but reacted negatively to projections the federal funds rate will remain elevated all the way through 2023. NLW breaks it down, with an emphasis on why the labor market has become the biggest question mark in the Federal Reserve’s fight to contain inflation.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Sept. 22, 2022.

"The Hash" hosts discuss JPMorgan Chase CEO Jamie Dimon's latest comments slamming crypto tokens during the banking executive's congressional testimony on Wednesday. Plus, a closer look at why banks in Lebanon are closing their doors for the foreseeable future.

See also: JPMorgan Sees Concerns for Ethereum Blockchain After the Merge

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Homebuilder sentiment is down for the ninth consecutive month.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at the housing market, which has shifted dramatically in the last six months. Mortgages today cost more than double what they did last year – the biggest year-over-year jump since those numbers started being recorded in 1975. Homebuilder sentiment is down for the ninth consecutive month – the first time that’s happened since 1985. All in all, the picture being painted isn’t pretty. Is it a “housing recession?”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Sept. 21, 2022.

"The Hash" hosts discuss the Cardano hard fork expected to take place on Thursday, Sept. 22. Plus, a closer look at the Central Bank of Iran's plans to start a central bank digital currency (CBDC) pilot soon.

See also: What Cardano’s Highly Anticipated Vasil Hard Fork Will Bring

Iran to Start Testing a Digital Rial This Week

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The crypto world is constantly changing and there is something new to learn every day. However, its story is already setting the stage for what is to come.

So much of our lives are digital, and with the development of Web3 technology the future is changing for how we work, take care of our families and operate our daily lives.

On today’s episode of “Women Who Web3” host Kamz is joined by Laura Shin, crypto journalist, TEDx speaker and author of “The Cryptopians: Idealism, Greed, Lies and the Making of the First Big Cryptocurrency Craze.”

Laura Shin shares:

💰WTF is crypto and why women should care

🤑 her intimate observations on the gender gap in crypto

👀 behind the scenes of her “Unchained” podcast show

📚 all about her new book “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze”

🤐her ultimate source for crypto news…and more!

🧘🏽‍♀️We end with a meditation focused on “being unapologetically you!”

Follow me on Twitter, @KamalaAlcantara, to stay up to date on the show and join my weekly Twitter Space!

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Consensus 2023, the industry’s most influential event, is happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code WEB3WOMEN to get 15% off your pass. Visit https://events.coindesk.com/consensus2023*.

This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Morning Star’ by DeHartmann and ‘Fashion Week’ by PALA.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From regulatory intrigue to DeFi hacks to big funding rounds.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW breaks down the day’s news in terms of how it demonstrates the archetypes of the 2022 crypto bear market, looking at:

  • Market moves
  • A DeFi hack
  • CBDCs
  • Regulatory enforcement
  • Regulatory positivity
  • Regulatory weirdness
  • Pre-narrative institutionalization
  • Post-narrative institutionalization
  • A slew of random fundraising
  • Innovation that may drive a bull market

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Sept. 20, 2022.

"The Hash" hosts talk about how cryptocurrency market maker Wintermute has lost $160 million in a hack relating to its decentralized finance (DeFi) operation, according to a tweet from the company's founder and CEO Evgeny Gaevoy. Plus, a new Securities and Exchange Commission filing reveals MicroStrategy bought 301 bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million.

See also:

Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected

MicroStrategy Buys 301 More Bitcoins, Now Holds Almost 130K

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Sentiment is down and enforcement actions are up ahead of the FOMC meeting this week.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at why bitcoin hit a three-month low over the weekend. He also discusses traders’ predictions about the upcoming interest rate hike at this week’s Federal Open Market Committee meeting and a new enforcement action from the Securities and Exchange Commission.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: wenjin chen/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Don’t miss out on this powerful and entertaining weekly podcast that celebrates women supporting women, investing in women and bridging the gender gap in wealth through Web3. Each week brings a new and exciting guest sharing their insights on topics such as starting an NFT project, creating belonging and inclusivity in digital spaces, building prosperous Web3 projects, investing in cryptocurrencies and building wealth.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Does Bitcoin need to change at all?

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

For this edition of “Long Reads Sunday,” NLW reads and discusses Chris Castiglione’s “Bitcoin Should Change … Slowly,” as well as a Twitter thread by Dan McArdle.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and Rob Mitchell. Research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: JuSun/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Sept. 17, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Starbucks to Launch NFT-Based Loyalty Program
  • Wall Street Giants Start Crypto Exchange EDX Markets
  • Terraform Labs Co-Founder Do Kwon Faces Arrest Warrant
  • The Merge Opens a New Era for the Ethereum Blockchain

Links to the headlines:

Starbucks to Offer NFT-Based Loyalty Program Using Polygon's Blockchain Technology

Schwab, Citadel Securities, Fidelity, Other Wall Street Firms Start Crypto Exchange EDX Markets

South Korean Court Issues Arrest Warrant for Terra Co-Founder Do Kwon

How the Ethereum Merge Could Lead to Improved On-Chain Privacy

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Fireworks between Senator Toomey and SEC Chair Gensler.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW looks at the latest in market action plus how two congressional hearings highlighted differences in the approaches the CFTC and SEC are taking to crypto.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Photo of Sen. Pat Toomey (R-Pa.), credit: Anna Moneymaker/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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But it’s not as bad as it could have been.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at a set of three reports around crypto out of the Treasury Department as well as examines the White House’s just-released framework for digital assets. He argues there are big, important questions that remain unaddressed.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: narvikk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Sept. 16, 2022.

"The Hash" hosts talk about the long-awaited Ethereum Merge on Thursday, where over 40% of the network’s blocks were added by just two entities: Coinbase and Lido. Plus, seven months after lowering El Salvador's long-term foreign currency issuer default rating (IDR), Fitch Ratings has downgraded it again.

See also:

How the Ethereum Merge Could Lead to Improved On-Chain Privacy

Vitalik Buterin Says Ethereum Merge Cut Global Energy Usage by 0.2%, One of Biggest Decarbonization Events Ever

El Salvador's Debt Rating Cut to CC by Fitch

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and Near.

A climate change edition from Lisbon Portugal at Nearcon2022.

“Money Reimagined,” hosts Michael Casey and Sheila Warren are together again at Nearcon2022 to discuss blockchain sustainability and the data needed to combat the concerns of climate change. This topic is “near and dear to their hearts” because Michael and Sheila co-founded CISA, the Crypto Impact Sustainability Accelerator, at The World Economic Forum precisely to focus on topics such as this and the use cases for crypto and blockchain.

On this episode they speak with guests Marc Johnson, an environmental solutions architect for Protocol Labs, and Fred Fournier, CEO of Open Forest Protocol.

Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

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I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Sept. 15, 2022.

"The Hash" hosts discuss today's top stories, including the Ethereum Merge that transitioned the world's second largest blockchain from proof-of-work to proof-of-stake, and the CFTC chairman's testimony in front of the Senate Agriculture Committee, in which Rostin Behnam said the agency is the “right regulator” to oversee digital assets trading.

See also: The Ethereum Merge Finally Happened: So What?

Meet 8 Ethereum Developers Who Helped Make the Merge Possible

CFTC Already Preparing to Be Crypto Watchdog, Behnam Tells US Senators

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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This episode has been edited by Nia Freeman andMichele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Discussing the economic and political implications of Ethereum’s big change.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

At 2:44 a.m. ET Thursday, Ethereum successfully transitioned from proof-of-work to proof-of-stake. On today’s show, NLW breaks down what that means for the network’s security and economics and looks at the political dimensions that could impact Bitcoin and the rest of the crypto industry.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Andrei Akushevich/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Even those who were “dusted” will need to file reports to the U.S. Treasury Department.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW catches listeners up on the latest news in crypto, including:

  • Arrest warrants for Do Kwon and others from Terra
  • El Salvador Bond Repurchase program
  • Crypto regulatory and enforcement news from Uruguay and Argentina
  • Canada’s Prime Minister makes bitcoin a campaign issue

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: z_wei/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Sept. 14, 2022.

"The Hash" hosts discuss the South Korean court issuing an arrest warrant for Do Kwon, the co-founder of the now defunct stablecoin issuer Terraform Labs, according to the financial crimes unit of the Supreme Prosecutors' Office. Plus, a closer look at what may happen in the crypto markets ahead of the Ethereum Merge.

See also: South Korean Court Issues Arrest Warrant for Terra Co-Founder Do Kwon

Everybody's Throwing a Watch Party for the Ethereum Merge. Here's Where to Go

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Sept. 13, 2022.

“The Hash” hosts discuss bitcoin and other cryptocurrencies slumping after a hotter-than-expected U.S. inflation report. Plus, financial heavyweights including Charles Schwab and Fidelity Investments announce the start of EDX Markets, the latest sign that Wall Street is forging ahead in digital assets despite crypto winter.

See also:

Crypto Exchange FTX Freezes Under Strain of CPI Volatility

Schwab, Citadel Securities, Fidelity, Other Wall Street Firms Start Crypto Exchange EDX Markets

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Core inflation went up more than twice as much as economists anticipated.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

July’s inflation report provided the first glimmers that the U.S. might have turned a corner in its fight against inflation. For the past several days, investors have been betting on a continuation of that trend from July into August. Unfortunately, the inflation print for August came in hotter than expected, sending markets reeling and increasing the odds of more drastic Fed rate hikes down the road.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Stocks and crypto are on the rise in advance of upcoming August inflation numbers.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Bitcoin was up 15% over the weekend. Stocks have seen four days of green. The reason? Investors are anticipating that August’s inflation numbers (to be released on Tuesday) will show another monthly reduction in the inflation rate, suggesting that we’re past peak inflation. Will they be proven right?

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Francesco Carta fotografo/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, Sept. 12, 2022.

Starbucks is set to offer a non-fungible token-based (NFT) loyalty program with the blockchain technology provided by Polygon. Plus, a closer look at how industry advocates and critics are reacting to the Biden administration’s bitcoin (BTC) mining environmental impact report.

See also:

Starbucks to Offer NFT-Based Loyalty Program Using Polygon's Blockchain Technology

White House Crypto Mining Report Draws Praise From Advocates and Critics Alike

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Sept. 10, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Ethereum Merge Imminent
  • 3 Executives Said to Be Leaving BlockFi
  • FTX Ventures to Take 30% Stake in SkyBridge Capital

Links to the headlines:

The Final Countdown to the Ethereum Merge Has Officially Begun

3 Senior Executives Jump From Crypto Lender BlockFi: Sources

Crypto Investor FTX Ventures to Take 30% Stake in SkyBridge Capital

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at the role of stablecoins and other cryptos in high-inflation countries like Argentina.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

For this week’s “Long Reads Sunday,” NLW reads and reacts to Leah Callon-Butler’s “Why Crypto Isn’t a Tool for Protest in Argentina.”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Ricardo Ceppi/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new speech lays out some similar themes.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW digs in on the latest speech from SEC Chairman Gary Gensler. It appears reasonable, but does the crypto industry believe him?

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Mark Wilson/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Sept. 9, 2022.

"The Hash" hosts discuss today's top stories, including bitcoin's (BTC) biggest single-day gain in two months, and FTX Ventures' investment in Anthony Scaramucci's SkyBridge Capital.

See also:

Crypto Investor FTX Ventures to Take 30% Stake in SkyBridge Capital

Bitcoin Jumps Most in 6 Months as Hopes for 2023 Rate Cut Persist

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto sees a wide array of reactions to a new report on mining.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW examines the new report from the White House about crypto mining and its impact on climate change. He argues that the report is effectively a Rorschach test for people’s prior beliefs about what they expect or want the White House to say about crypto mining.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Walter Bibikow/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and NEAR.

Think tanks are research institutions with an evidence-based approach. They have recently been called upon to provide data points for crypto to support informed policy decision-making.

On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren speak with

Josh Lipsky, the senior director of the Atlantic Council’s GeoEconomics Center, where he manages the Atlantic Council's CBDC's tracker project, and John Soroushian the senior associate director for technology at the Bipartisan Policy Center, to discuss the big focus areas for crypto research agendas over the next year and predictions for the upcoming congressional session.

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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

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I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Sept. 8, 2022.

"The Hash" hosts discuss today's top stories, including how the crypto analytics firm Chainalysis helped the U.S. government recover $30 million stolen from Axie Infinity earlier this year, and the personnel shakeup at embattled crypto lender BlockFi before it is bought by FTX.

See also:

3 Senior Executives Jump From Crypto Lender BlockFi: Sources

US Government Recovers $30M From Crypto Game Axie Infinity Hack

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Federal Reserve is taking cues from Congress, and Congress is not convinced.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

The discussion around a United States-issued central bank digital currency is heating up, but not in the way one might expect. Increasingly, U.S. regulators and elected officials are showing signs of skepticism about a CBDC, particularly a retail CBDC.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: imagedepotpro/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Sept. 7, 2022.

"The Hash" hosts discuss today's top stories, including European Union regulators' stance on the usage of a central bank digital currency and Circle CEO Jeremy Allaire explaining how USDC could benefit from leaving Binance as the crypto exchange ended its support of a slew of stablecoins.

See also:

Digital Euro to Focus on Personal Use, Not Web3, EU Officials Say

Binance Ditched a Bunch of Stablecoins. Even a Newly Banished Issuer Was OK With It

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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For one, inflation isn’t transitory.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW celebrates his 38th birthday with 38 lessons we’ve learned in the last year, from inflation to macro to geopolitics to crypto.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Westend61/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Sept. 6, 2022.

"The Hash" hosts discuss today's top stories, including Ethereum's final countdown to the Merge, which will likely be completed some time around Sept. 13-16; and Nigeria doubling down on blockchain and digital economy with a plan to launch a virtual free zone.

See also:

The Final Countdown to the Ethereum Merge Has Officially Begun

Nigeria Plans to Create a Virtual Free Zone With Binance Crypto Exchange

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A discussion as Russia keeps the Nord Stream pipeline closed after planned maintenance.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode of “The Breakdown,” NLW looks at the latest in the European energy crisis, including:

  • Gazprom keeping the Nord Stream pipeline closed
  • Russian officials saying the reason for the closure is sanctions
  • Energy bailout plans crystalizing in Germany and the U.K.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Itsanan Sampuntarat/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The crime-fighting regime demands much, but does it deliver?

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Today on “Long Reads Sunday,” NLW reads and discusses David Z. Morris’ “The Perverse Impacts of the Anti-Money-Laundering System.”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including

real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Abu Hanifah/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Sept. 3, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Metaverse Takes Center Stage at MTV VMAs
  • Elon Musk Sends Second Letter Terminating Twitter Deal
  • FTX CEO Speaks Out About Crypto Market Turbulence
  • Crypto.com Reportedly Backs Out of $495M Sponsorship Deal

Links to the headlines:

Elon Musk Sends Second Letter Terminating Twitter Acquisition

FTX’s Sam Bankman-Fried Denies Crypto Exchange Is Planning to Acquire Huobi

Crypto.com Pulls Plug on $495M Champions League Sponsorship Deal: Report

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A review of the key events in crypto last month.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

NLW reviews the key events from August with an eye to how they will shape September and the fall, including:

  • Sanctions
  • The Merge
  • Institutionalization
  • Fundraising
  • Regulation, legislation and enforcement

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including

real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: sakchai vongsasiripat/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Sept. 2, 2022.

"The Hash" team discusses today's top stories including the fate of two crypto developer brothers who boosted their once-mighty stablecoin exchange Saber using a web of secret identities. Plus, Coinbase users in the Eastern European country of Georgia were able to exploit a price bug that allowed them to cash out their holdings for 100 times the exchange rate.

See also:Crypto Developer Brothers Leave VC Firm After CoinDesk Exposé

Coinbase Mispricing Allows Users in Georgia to Cash Out for 100 Times Rate

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

-

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A macro recap following Friday’s jobs report.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Today NLW looks at the shifting Fed narrative. We’ve moved from “soft landing” to “softish landing” to “growth recession” as the goal for monetary policy. With the jobs report coming in slightly stronger than expected, what does it suggest for the September Fed meeting?

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Rudzhan Nagiev/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and NEAR.

In the attempt to contain the inflationary outbreak in the U.S. economy, the Federal Reserve’s monetary tightening by hiking interest rates will continue for some time. Recently, the U.S. central bank’s chair, Jerome Powell, made it clear that our present crypto winter was here to stay.

However, this is a good time for development in the crypto space.

On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren speak with Near Foundation’s CEO, Marieke Flament.

The Near Foundation is committed to expanding its ecosystem of developers and project leads working on top of the Near blockchain. Its proof-of-stake blockchain has introduced a number of the scaling solutions that Ethereum developers have been working on for years. And there is great encouragement around decentralized finance (DeFi) development.

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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. The theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Washington, D.C., is very publicly going after MicroStrategy founder Michael Saylor for tax fraud.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, we look at the District of Columbia’s new lawsuit against Michael Saylor claiming that he has lived in D.C. for more than the requisite 183 days a year that would require him to pay taxes. NLW explores the reactions to the news, as well as previewing what he predicts will be an action-packed autumn when it comes to regulatory engagement.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Marco Bello/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Sept. 1, 2022.

Crypto.com is backing out of a five-year sponsorship deal worth $495 million with the UEFA Champions League, Europe’s elite soccer league, according to a report in SportBusiness. "The Hash" team discusses that, plus the popular NFT marketplace X2Y2 announced it will no longer make buyers pay royalties on certain NFT purchases, sparking debate on the importance of such payments to the industry.

See also: Crypto.com Pulls Plug on $495M Champions League Sponsorship Deal: Report

An NFT Marketplace Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Aug. 31, 2022.

In an interview with Bloomberg, FTX CEO Sam Bankman-Fried discusses his efforts to bail out companies during the recent market turbulence. "The Hash" team discusses that plus the news that crypto exchange Binance froze a wallet related to a Russian gun manufacturer that raised funds for the country's troops in Ukraine, according to a Lobaev representative and blockchain data analysis.

See also: Binance Froze Russian Gun Maker's Crypto Assets, Likely at Ukraine’s Request

FTX’s Sam Bankman-Fried Denies Crypto Exchange Is Planning to Acquire Huobi

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus another Bitcoin Bond delay in El Salvador.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW does a global regulatory check-in, focused on:

  • A veto for crypto mining regulation in Paraguay
  • Brazil’s biggest bank exploring decentralized finance with the central bank
  • El Salvador sees more Bitcoin Bond delays
  • South Korea suggests initial coin offering ban has been a failure

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Maiquel Jantsch/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Goldman Sachs is predicting U.K. inflation could hit 22% if natural gas prices remain elevated.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

European energy markets have been roiled as the price of energy futures rockets to up to 30 times the five-year average. In the U.K., restrictions on the cost of energy have been lifted, increasing prices by two to five times overnight. Across Europe, governments are considering radical interventions. NLW breaks down what’s going on with the European energy crisis.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: SEAN GLADWELL/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Aug. 30, 2022.

"The Hash" team discusses Tesla CEO Elon Musk sending a second letter calling off his $44 billion acquisition of Twitter, according to a filing with the U.S. Securities and Exchange Commission. Plus, a closer look at Crypto.com's reported lawsuit against a user after it mistakenly sent a refund of $10 million instead of $100.

See also: Elon Musk Sends Second Letter Terminating Twitter Acquisition

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Stocks had a more than 3% decline for the seventh time this year on Friday.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

The week ended badly. Equities were down big and over the weekend crypto followed, with bitcoin (BTC) dipping under $20,000 and ether (ETH) losing 14% following Federal Reserve Chair Jerome Powell’s speech Friday at Jackson Hole, Wyoming. On today’s episode NLW explores how the markets are internalizing the reality of a “higher-for-longer” Fed.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Bartolome Ozonas/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, Aug. 29, 2022.

"The Hash" team takes a look at the U.S. crypto regulatory landscape as most of the responses to President Biden's executive order on cryptocurrency are due after Labor Day. Plus, Snoop Dogg and Eminem reunite on stage for a metaverse performance.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Will the U.S. government ask stakers to censor transactions?

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of “Long Reads Sunday,” NLW reads Nic Carter’s “If Ethereum Starts Slashing, It Burns.”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Yifei Fang/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Aug. 27, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Popular Uniswap Frontend Blocks 253 Crypto Addresses Related to DeFi Crimes
  • SEC's Gensler Says 'No Reason' to Treat Crypto Differently From Rest of Capital Markets
  • YouTuber BitBoy Crypto Sues Atozy for Defamation
  • NFTs Are Coming to the Candy Aisle

Links to the headlines:

Popular Uniswap Frontend Blocks Over 250 Crypto Addresses Related to DeFi Crimes

Former CFTC Chair: Here's How SEC and CFTC Can Work Together to Regulate Crypto

YouTuber vs. YouTuber: BitBoy Crypto Sues Atozy for Defamation

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, the DTCC starts settling stock trades via blockchain.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW looks at:

  • A new stock settlement system
  • The latest on the arrested Tornado Cash developer
  • The passing of hedge fund legend Julian Robertson

-

Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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According to Chair Jerome Powell, the fight against inflation isn’t anywhere near done.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Each year, U.S. central bankers gather in Jackson Hole, Wyoming, to discuss big-picture changes in medium- and long-term monetary policy and the economy. This year, the markets have been watching extra closely for signals about whether the Federal Reserve would be taking a turn to the dovish.

-

Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Matt Anderson Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Aug. 26, 2022.

Federal Reserve Chair Jerome Powell is doubling down on his intent to aggressively hike interest rates in a bid to bring inflation down. Plus, a closer look at the three-day metaverse conference underway in China.

See also: Federal Reserve’s Powell: Inflation Battle Not Yet Close to Finished

Bitcoin Tumbles Below $21K After Powell’s Hawkish Remarks

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and NEAR.

The massive web of regulations that entangle the legacy financial sector have been, in the recent past, a guidepost for governors to apply to the crypto industry. But the argument for many in the crypto community is that those same rules aren’t really applicable to crypto and decentralized finance (DeFi), especially without considerable changes.

As the industry matures and seeks more clarity concerning governance and regulation, larger questions arise for the future of crypto commerce. How do we appropriately assess risk in new systems? Should regulators impose stricter constraints on crypto’s centralized finance sector?

Who has regulatory authority over which assets and why?

Today on “Money Reimagined,” host Sheila Warren examines alternative frameworks for regulation and world banking with Jai Massari, co-founder and chief legal officer of Lightspark; and Alexandra Barrage, partner at Davis Wright Tremaine, who also previously worked at the Federal Deposit Insurance Corp.

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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

-

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. The theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The stablecoin issuer says it won’t blacklist addresses unless law enforcement specifically asks it to do so.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at the latest news on Tornado Cash sanctions. Specifically, he looks at Tether’s announcement this week that the stablecoin issuer would not blacklist addresses from Tornado Cash unless U.S. law enforcement specifically asked it to do so.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: sesame/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Aug. 25, 2022.

According to a statement shared with CoinDesk, Bitcoin Depot, the world's largest operator of crypto ATMs, plans to go public via a SPAC merger valued at an estimated $885 million. Plus, "The Hash" team reacts to Bored Ape non-fungible token (NFT) images being printed on M&M candies in a limited-edition release.

See also: Crypto ATM Operator Bitcoin Depot to List on Nasdaq in $885M SPAC Deal

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As President Joe Biden prepares to approve student debt relief, 59% of Americans are worried doing so will increase inflation.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

According to reports, U.S. President Joe Biden is about to finally take action on student debt relief, wiping away $10,000 in federal debt for those making less than $125,000 a year (or $250,000 as a married couple). While the debate started on the campaign trail in 2020 as one of economic fairness and justice, today it is almost entirely about the potential impacts on inflation.

-

Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Aug. 24, 2022.

"The Hash" team talks about a defamation lawsuit filed against YouTuber "Atozy” by fellow YouTuber Ben Armstrong, whose videos are produced under the moniker "BitBoy Crypto,"

Plus, Bloomberg reports former Securities and Exchange Commission (SEC) Chairman Jay Clayton is joining Electric Capital as an advisor.

See also: YouTuber vs. YouTuber: BitBoy Crypto Sues Atozy for Defamation

BitBoy Lost His Lawsuit the Instant He Filed It

Ex-SEC Chair Jay Clayton Joins Crypto Investor Electric Capital as Adviser: Report

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Aug. 23, 2022.

"The Hash" team discusses a recent op-ed in the Wall Street Journal by Securities and Exchange Commission (SEC) Chair Gary Gensler. Plus, Tom Brady's Autograph.io is launching a new interactive experience for fans.

See also: Former CFTC Chair: Here's How SEC and CFTC Can Work Together to Regulate Crypto

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new op-ed in the Wall Street Journal extends the SEC head’s argument that crypto is just like any other type of financial asset.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Today on “The Breakdown,” NLW explores Securities and Exchange Commission Chair Gary Gensler’s latest op-ed on crypto regulation, in the Wall Street Journal. NLW also explores whether conservative accusations of overreach are moving a crypto industry battle into the political mainstream.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Bill Clark-Pool/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, Aug. 22, 2022.

"The Hash" team discusses the GitHub data report, by Yearn Finance developer “banteg,” that the decentralized exchange (DEX) Uniswap has blocked 253 crypto addresses that were apparently linked to the sanctioned privacy tool Tornado Cash or possible to stolen funds. Also the team takes a closer look at the protest against a Tornado Cash developer's arrest in the Netherlands.

See also: Popular Uniswap Frontend Blocks Over 250 Crypto Addresses Related to DeFi Crimes

Tornado Cash Developer's Arrest in the Netherlands Draws Community Protest

FreeAlexPertsev: Protests Planned for Amsterdam Following Tornado Cash Developer’s Arrest

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Might the U.S. consider embracing private stablecoins instead of a FedCoin?

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at the state of the U.S. discussion about a central bank digital currency. Based on statements from the Federal Reserve, members of Congress and others, does it look like the U.S. is headed towards a CBDC? In fact, NLW argues, it seems like there is a strong lack of urgency about a U.S. digital dollar.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Paper Boat Creative/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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There are multiple proposals for giving young tokens more legal protection.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of “Long Reads Sunday,” NLW reads:

  • “Let Ugly Ducklings Grow: Why Crypto Needs a Safe Harbor” by Michael Casey
  • “Safe Harbor 2.0” by SEC Commissioner Hester Peirce

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Doug van Kampen, van Kampen Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Aug. 20, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Galaxy Digital Abandons $1.2B Plan to Acquire BitGo
  • Bitgo to Sue Galaxy Digital
  • DCG Company Genesis Cuts 20% of Staff Amid Crypto Winter
  • Coinbase Could Shut Down ETH Staking Under Regulatory Pressure

Links to the headlines:

Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo

Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement

Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits

Coinbase CEO Suggests Exchange Won't Censor Transactions on PoS Ethereum

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Up? Down? Sideways? All of the above? A look at a confusing economic landscape.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW looks at why markets went down on high European inflation data, and why market signals in general are pointing in multiple directions at once.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Aug. 19, 2022.

"The Hash" team discusses that bitcoin (BTC), the biggest cryptocurrency by market cap, is falling to its lowest price since July 27. Plus, Singaporean crypto lender Hodlnaut discloses massive layoffs and pending “police proceedings” in a Friday blog post.

See also:

First Mover Asia: Bitcoin and Ether Fall; Angry That Hodlnaut Has Frozen Your Funds? Too Bad, It’s in the Terms and Conditions

Market Wrap: Bitcoin's Price Retraces Again, Breaks Below Trendline

Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’ and Job Cuts

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Fallout from Russia’s invasion of Ukraine is just one of the factors pointing in the direction of greater food insecurity.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Today on “The Breakdown,” NLW looks at something that could cause a new set of “big picture power shifts” – a growing global food crisis. He explores a set of causal factors including Russia’s invasion of Ukraine, inflation and environmental policies that are combining to form a perfect storm.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Anton Petrus/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and NEAR.

For many in the crypto community the practice of pseudonymity for security and privacy is common and has purpose in working toward self-sovereignty. But is there a downside of pseudonymity? In our society especially, we are all too often familiar and perhaps too comfortable with sharing our identity or at least some form of it with others and sometimes the world. Does that make it hard for us to interact with those around us who choose to remain anonymous or create an identity that allows them to be protected… to be pseudonymous?

For an interesting analysis of how pseudonymity affects how we interact with people, “Money Reimagined,” hosts Michael Casey and Sheila Warren speak with guest Punk 6529. The identity and voice of the person behind this pseudonym will not be disclosed, and therefore, both the video and audio have been modulated.

See also: Who You Really Are: A Conversation About Pseudonymity With Default Friend at Consensus

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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

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I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. The theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Aug. 18, 2022.

"The Hash" team discusses Coinbase CEO Brian Armstrong addressing a hypothetical scenario on Twitter about the future of crypto regulation. Plus, a closer look at Dapper Labs launching its new NFT platform featuring special highlights from the NFL.

See also: Coinbase CEO Suggests Exchange Won't Censor Transactions on PoS Ethereum

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Markets are fairly evenly split on whether the U.S. Federal Reserve will raise interest rates by 50 basis points or 75bps in September.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s grab bag episode, NLW looks at:

  • Last month’s Fed meeting minutes
  • Professional musical chairs in crypto
  • A new proposed SEC/CFTC disclosure that some think shows mission creep
  • Two new nine-figure crypto venture funds

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Aug. 17, 2022.

"The Hash" team takes a closer look at the layoffs happening at crypto broker Genesis Global Trading owned by Digital Currency Group, which is also Coindesks’ parent company, amid the market downturn. Plus, Columbia's potential central bank digital currency (CBDC) strategy in an attempt to fight tax evasion.

See also: Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits

Colombia Explores Creating a CBDC to Combat Tax Evasion

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Homebuilder sentiment is down for an eighth straight month.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Homebuilder sentiment is going through its worst stretch since the 2007-2008 housing and financial crisis. New York manufacturing data also surprised with some of the weakest numbers in a decade. On the other hand, U.S. industrial production rose to a new all-time high. So are we headed for a recession or not? NLW explores.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Sadeugra/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto can now access Federal Reserve master accounts.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Despite the bear market, both crypto-native and TradFi institutions in the crypto sector continue to plug along. In today’s episode, NLW looks at an update to how crypto banks can get direct access to the Federal Reserve via master accounts and how venture funds are evolving to meet a new type of financial technology era and the latest from Celsius Network.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Overearth/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Aug. 16, 2022.

"The Hash" team discusses the dilemma DeFi founders face amid compliance pressure after the Tornado Cash U.S. sanction. Plus, a closer look at the potential use case of CryptoPunk and MeetBits NFTs as Yuga Labs releases the intellectual property rights for those collections.

See also: Stop Attacking DeFi Founders for Complying With the Tornado Cash Sanction

CryptoPunks TV Show? Meebits Food Truck? Both Now Possible as IP Rights Get Released

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On Friday, Dutch authorities arrested a 29-year-old Tornado Cash developer.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at the crypto industry’s response to news that 29-year-old Alexey Pertsev was arrested for his work on Tornado Cash. He also looks at Coin Center’s new potential court challenge to the Office of Foreign Asset Controls sanctions, which argues that the agency doesn’t have the authority to sanction a smart contract in the first place.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Chalermphon Kumchai/EyeEm/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, Aug. 15, 2022.

"The Hash" hosts discuss Galaxy Digital walking away from its plan to buy crypto custody firm BitGo. Also, an update on the depegging that happened on Sunday of Acala’s native stablecoin, aUSD, tumbled after hackers exploited a bug. In a final topic Terraform founder Do Kwon speaks out on his first interview since the $45 billion collapse of Terra.

See also: DeFi Platform Acala’s Stablecoin Falls 99% After Hackers Issue 1.3B Tokens

Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo

Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why our understanding of inflation might be fundamentally mistaken.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

On this edition of “Long Reads Sunday,” NLW excerpts Credit Suisse analyst Zoltan Pozsar’s “War and Interest Rates.”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: sorbetto/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Aug. 13, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Crypto Mixing Service Tornado Cash Blacklisted
  • Reddit Teams Up With FTX Pay
  • Bitcoin Pops as US Inflation Slows Down
  • The Ethereum Network Successfully Runs Final Test of Upgrade; ETH Rises to Two-Month High, Outperforming Bitcoin

See also: Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury

Reddit Expands Community Points Offering With FTX Pay Integration

US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps

Ether Tops $1.9K as Ethereum Runs Final 'Merge' Rehearsal

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Some argue the sanctions threaten the very idea that code is speech.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

On this edition of the “Weekly Recap,” NLW reflects on the July inflation data as well as the U.S. Treasury Department’s sanctions on Tornado Cash.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas

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“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with today’s editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: z_wei/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Aug. 12, 2022.

"The Hash" team discusses the latest developments. According to The Block, the developer who was arrested in Amsterdam and is suspected of being involved in the sanctioned Tornado Cash protocol is Alexey Pertsev. Plus, sales of Pudgy Penguin non-fungible tokens (NFT) heat up after the project announced it would be licensing select NFTs to be made into physical toy collectibles.

See also:

Netherlands Arrests Suspected Tornado Cash Developer

Pudgy Penguins NFT Prices Surge After Creator Unveils IRL Toys

Tornado Cash's Discord Appears to go Dark

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From negative prices in 2020 to a major driver of inflation of 2022, oil is a key geopolitical and economic player.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

On today’s episode, NLW provides a primer on the recent history of oil markets. He looks at how oil went from trading in negative territory in April 2020 to being a massive contributor to 2022’s inflation. Finally, he explores how oil reflects political realignments that will shape the world in the years to come.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: sesame/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and NEAR.

Until this year’s massive correction in token prices with the related collapse of Terra, Celsius Network and other once-big players, industry leaders could argue that a lightweight touch to regulation would allow innovation in this booming sector to flourish, however the extent of the losses has swung the balance in favor of regulators.

Recently, concerns have been raised with Tornado Cash, a decentralized software that mixes ether (ETH) payments to hide users’ tracks. The usage of this Ethereum-based smart contract has been banned for all US citizens and companies since it was added to the U.S. OFAC SDN list due to North Korean hackers using the program.

On today’s episode of “Money Reimagined,” discussing crypto regulation with host Michael Casey, is Tonya Evans, professor at Penn State Dickinson Law, a published author and influential crypto adviser with expertise in blockchain and crypto asset law, information privacy, administrative law and social justice.

Overcompensation happens in finance and there’s a good chance it will happen with crypto.

See also: Time for Crypto to Make Nice With Regulators

Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury

What Happens When You Try to Sanction a Protocol Like Tornado Cash


Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. The theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Aug. 11, 2022.

"The Hash" team discusses its excitement about the Ethereum networks’ final test of its upcoming upgrade. Mailchimp apparently “de-platformed” the accounts of several crypto-related firms, according to the affected outlets. And another story, the team breaks down further is one week after announcing a partnership with Coinbase, BlackRock, the world’s largest asset manager, is releasing a spot bitcoin (BTC) private trust for U.S. clients.

See also: Ether Tops $1.9K as Ethereum Runs Final 'Merge' Rehearsal

Email Marketing Firm Mailchimp Suspends Several Crypto-Related Accounts

BlackRock, Fresh Off Coinbase Tie-Up, Offers Direct Bitcoin Exposure

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The investor and crypto privacy entrepreneur reflects on the Tornado Cash sanctions.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

NLW is joined today by Jill Gunter, the chief strategy officer at Espresso Systems. In this conversation, they discuss why the U.S. Treasury Department might have chosen an action that seemingly leaves them open to much legal recourse, and why part of the answer might be technological not political.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, Aug. 10, 2022.

"The Hash" team discusses the crypto market’s positive response after the slower-than-expected inflation reading. Plus, an anonymous crypto user transferred small amounts of ether (ETH) from a sanctioned address to celebrities and prominent crypto figures.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Today’s CPI numbers came in at a better-than-expected 8.5% annual inflation and 0% monthly.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

The biggest driver of the macroeconomic backdrop is inflation. At the last FOMC meeting, the Federal Reserve made it clear that its fall decisions about interest-rate increases would be driven by data – most notably inflation data. On today’s show, NLW looks at the just-released July inflation stats and why they’re the first positive inflation surprise we’ve had in more than a year.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and Eleanor Pahl. Research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: z_wei/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, Aug. 9, 2022.

"The Hash" panel discusses Ethereum co-founder Vitalik Buterin’s post on Twitter about using Tornado Cash to make a donation to support Ukraine. Plus, social media giant Reddit has formed a partnership with FTX Pay to allow users to pay gas fees on transactions using community points.

See also: Someone Is Trolling Celebs by Sending ETH From Tornado Cash

Reddit Expands Community Points Offering With FTX Pay Integration

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An alternative take on the labor market following last week’s BLS jobs report.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

Last week, the Bureau of Labor Statistics reported that 528,000 U.S. jobs were added in July. This was nearly double economists’ estimates. The Biden administration used the report as evidence that there is no recession. On today’s episode, NLW digs into why that headline number may be as obfuscating as it is revealing.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: belterz/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The U.S. Treasury Department’s OFAC has added Tornado Cash and all associated addresses to the sanctions list.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.

In breaking news, the U.S. Treasury Department’s Office of Foreign Assets Control announced on Monday that it was adding Tornado Cash and associated addresses to its sanctions list. It is seemingly the first time that an entire technology protocol, rather than just an individual or group of individuals, has been added to the list. NLW explores the discussion in the crypto community as well as the legal and technological implications.

-

Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, Aug. 8, 2022.

"The Hash" team discusses the U.S. Treasury Department banning all Americans from using the decentralized crypto mixing service Tornado Cash. Plus, cryptocurrency-focused financial services firm Galaxy Digital (GLXY.TO) reports second-quarter earnings amid recent market turbulence.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of essays from Casa's Jameson Lopp and NLW.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this “Long Reads Sunday,” NLW reads:

What Is Crypto’s Downfall? Its Complexity – Jameson Lopp

Complexity Theater – NLW

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, Aug. 6, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Tiffany Unveils $50K CryptoPunk Necklace
  • Nomad Bridge Exploit
  • Robinhood Cuts Workforce by Nearly a Quarter
  • Coinbase Shares Soar Amid BlackRock Partnership News
  • India Gov't Probing Crypto Exchange WazirX Over Alleged Money Laundering

See also:

Jewelry Brand Tiffany and Co. Unveils $50K CryptoPunk Necklaces

Crypto Bridge Nomad Drained of Nearly $200M in Exploit

Broker Robinhood Slashing Nearly One-Quarter of Workforce

BlackRock to Offer Crypto for Institutional Investors Through Coinbase Prime

Indian Government Raids Director of Binance-Owned Crypto Exchange WazirX, Freezes $8.14M

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new report from the U.K. Law Commission has large implications.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW homes in on an interesting report out of the U.K. that would define crypto as a fundamentally new type of property – something that some crypto lawyers have been arguing in the U.S. for some time.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Peter Dazeley/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Exploits of Nomad and Slope Wallet led to millions of losses this week.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

One of the biggest challenges to the mainstreaming of crypto is the propensity for novel protocols to be exploited. This week, the Nomad bridge was drained of some $200 million while another vulnerability led to more than 10,000 wallets (largely but not exclusively holding Solana's SOL) being attacked. NLW looks at what happens and what the industry thinks the lessons are.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Boris Zhitkov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, Aug. 5, 2022.

"The Hash" hosts unpack Meta’s NFT integration on Instagram platform now live across 100 countries, and Indian authorities freeze the assets of crypto-exchange WazirX.

See also: Meta Confirms NFT Rollout Across 100 Countries Amid Coinbase Integration

Indian Government Raids Director of Binance-Owned Crypto Exchange WazirX, Freezes $8.14M

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle and NEAR.

What is it with sports and crypto? Crypto does reward and incentivize actions that reinforce a sense of belonging to a community that sporting institutions, athletes and fans all know well. But with this crypto winter, will fans be left with something of lasting value that enhances their engagement with their favorite teams and athletes – or are they merely being exploited for money?

On today’s episode of “Money Reimagined,” to dive deeper into this topic with hosts Michael Casey and Sheila Warren are CoinDesk contributing writer Jeff Wilser and Sean O’Brien, from BuyTheBroncos DAO, which was launched to set up a fund to acquire the storied Denver football team.

See also:

For the Fans: How DAOs Could Change Sports

How Is Being in Crypto Like Playing a Sport?

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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.

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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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BlackRock partners with Coinbase as Fairfax County pensions get into yield farming.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

One would be forgiven for thinking the crypto institutional narrative is dead. Tesla sold bitcoin. Cboe took a huge write-down on the exchange it bought last year. Even Cathie Wood and ARK sold $COIN!

But taking a deeper look, NLW argues that institutional adoption of bitcoin and crypto continues – just in quieter ways than in the past. He looks at news that BlackRock is partnering with Coinbase to offer crypto trading through its Aladdin platform and that Fairfax County Retirement Systems is expanding its crypto involvement to yield farming.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Roy Rochlin/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, Aug. 4, 2022.

"The Hash" team unpacks asset management giant BlackRock's (BLK) partnership with crypto exchange Coinbase (COIN) and the Robinhood (HOOD) CEO's response to FTX acquisition rumors.

See also:BlackRock to Offer Crypto for Institutional Investors Through Coinbase Prime

Robinhood CEO Shuts Down FTX M&A Chatter, Says He Has Money to Do His Own Deals

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new bipartisan bill would make the CFTC the primary regulator of crypto and crypto exchanges.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Another day, another bipartisan crypto bill. On today’s episode, NLW covers the latest in a string of legislation that shows that Congress and the Senate are taking their role in determining how crypto is to be regulated seriously. He also covers the news that Michael Saylor is stepping down from the CEO role at MicroStrategy.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Anna Moneymaker/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, August 3, 2022.

"The Hash" hosts discuss a Wall Street Journal report saying that Facebook will bet big on the creator economy. Also, they dive into the Solana wallets hack and the staff layoff at broker Robinhood.

See also:Solana Wallets Targeted in Latest Multimillion-Dollar Hack

Broker Robinhood Slashing Nearly One-Quarter of Workforce

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A breakdown of the strategic rationale (or lack thereof) of U.S. House Speaker Nancy Pelosi’s trip to Taiwan.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

After weeks of speculation, debate and increasingly bellicose rhetoric, Speaker of the House of Representatives Nancy Pelosi has decided to go to Taiwan. In today’s episode, NLW explains discussion around the strategy behind the decision, why the timing makes a harsh Chinese response more likely and how the markets are reacting.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Tasos Katopodis/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, August 2, 2022.

"The Hash" hosts discuss today's top stories, including Solana-based non-fungible token (NFT) marketplace Magic Eden going multichain and the Nomad Bridge exploit that cost the platform nearly $200 million.

This episode has been edited by Eleanor Pahl. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, August 1, 2022.

"The Hash" hosts discuss jewelry maker Tiffany & Co. selling 250 customized, diamond-encrusted CryptoPunk pendant necklaces for 30 ETH a pop to holders of the NFT, and NFT platform OneOf's latest funding round led by the American Express.

See also:Jewelry Brand Tiffany and Co. Unveils $50K CryptoPunk Necklaces

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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NLW reviews what happened in TradFi and Crypto markets in July.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

In today’s episode, NLW looks at June and July as paired months that remade the market landscape. He looks at market data, key events in crypto and key events in macro to paint a picture of where things stand heading into August. The key question he explores is whether we’re in a “sucker’s rally” or the worst really is behind us.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: sesame/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An argument that, despite the excesses of this cycle, crypto will continue to develop credit models.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this week’s “Long Reads Sunday,” NLW reads Nic Carter’s “The Credit Crunch Is Not the End of Crypto Lending.”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: PM Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, July 30, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • The U.S. Federal Reserve raised rates another 75 basis points.
  • A reported Securities and Exchange Commission investigation into crypto exchange Coinbase on suspicions that it allowed trading of unregistered securities.
  • Cathie Wood’s Ark Investment Management sold more than 1.4 million shares of Coinbase Global.
  • Facebook parent Meta Platforms lost $2.8 billion on its metaverse division in the second quarter.

See also:

Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point

SEC Probing Coinbase for Allegedly Listing Securities: Report

Cathie Wood's Ark Invest Offloads Over 1.4M Coinbase Shares as COIN Price Falls

Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2

This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An argument for why markets could be more rather than less volatile in the months to come.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW looks at four reasons markets could see heightened volatility between now and November:

  • Fund managers making YOLO bets to avoid redemptions
  • Inflation surprises shift the Fed back to hawkish
  • Regulatory and media surprises for crypto
  • Politics and geopolitics

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 29, 2022.

"The Hash" group discuss a report that troubled crypto lender Babel Finance has lost $280 million in customer funds through proprietary trades, and crypto exchange KuCoin offering retail investors fractional ownership of top non-fungible tokens (NFTs) in the form of an exchange-traded fund (ETF).

See also:

Babel Finance Lost $280M Trading Customer Funds: Report

KuCoin Claims Bragging Rights as First Exchange to Offer NFT ETFs

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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With two quarters of negative GDP growth, are we in a recession or not?

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

“Recession” is the latest word to run afoul of our shifting definitions and political newspeak. This week, numbers from Q2 came out showing that the U.S. had seen a declining GDP for the second quarter in a row – a fairly standard definition of a recession. The political spin was immediate and tortured, but in today’s episode, NLW argues that the caring about the label itself may be the bigger problem.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Circle.

Can decentralized organizations help lower the costs of medications and accelerate medical research?

On today’s episode of “Money Reimagined,” host Michael Casey sits down with Genetic Networks Founder & Chairman Gennaro D'Urso to talk about his efforts to change the inefficiencies of Big Pharma by using a revolutionary DAO-like model to help fund drug discoveries and possibly cure future diseases.

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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.

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This episode was produced by Nicole Link, edited by Michele Musso and announced by Adam B. Levine. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 28, 2022

Gross domestic product declined at an annualized pace of 0.9% in the second quarter, marking two consecutive quarters of economic contraction. "The Hash" team discusses what that means for the crypto market. Plus, a closer look at Meta Platform’s latest earnings results.

See also:

Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2

Bitcoin Market Awaits US GDP After Biggest Single-Day Gain in 6 Weeks

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin is up more than 10% since the FOMC presser.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Yesterday was “Fed Day” and the U.S. Federal Reserve announced its second 75 basis point interest rate hike in a row. Despite the fastest pace of monetary tightening in a generation, markets rallied after Chair Jerome Powell’s presser. On today’s episode, NLW explains why so many in the market interpreted the Fed’s Q&A as dovish, and what it means going forward.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A combination of domestic issues in China and geostrategic questions in the U.S. are making relations tense.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

U.S. President Joe Biden is slated to talk with Chinese President Xi Jinping later this week. In the background lurks growing tensions around House Speaker Nancy Pelosi’s potential visit to Taiwan next month. On today’s episode, NLW looks at the big issues behind these headlines that are shaping both the U.S. and China’s response to growing tensions.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Lintao Zhang/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, July 27, 2022.

"The Hash" team discusses Ethereum’s 10th shadow fork going into effect 26 hours earlier than expected and Cathie Wood’s Ark Investment Management selling more than 1.4 million shares of Coinbase Global on Tuesday.

See also:

Cathie Wood's Ark Invest Offloads Over 1.4M Coinbase Shares as COIN Price Falls

Ethereum’s Rollup Race: What is a ‘True’ zkEVM?

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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NLW looks at the latest in crypto regulations, institutional involvement and building activity.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at a slate of news from the crypto industry, organized around three big-picture themes:

  • Regulatory – including the latest from the SEC, CFTC and Treasury Department
  • Institutional involvement – including a Barclays investment in a crypto custodian
  • Builder activity – including a new non-token Web3 project from Tether and Bitfinex

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, July 26, 2022.

"The Hash" hosts discuss a reported SEC investigation into crypto exchange Coinbase on suspicions that it allowed U.S. persons to trade unregistered securities. And the latest interactive game that allows users to win up to $200,000 in crypto rewards is from Chipotle.

See also: SEC Probing Coinbase for Allegedly Listing Securities: Report

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An overview of the SEC’s insider-trading charges filed last week.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW catches listeners up on the criminal charges filed against a former Coinbase employee and two of his associates last week around insider trading. The charges come from the Justice Department and the Securities and Exchange Commission, and it is the SEC’s charges that have the biggest implications. Nine of the tokens traded are being labeled by the SEC as securities, but the token issuers are not being given a chance to defend themselves. In a wildly unusual breach of protocol, a commissioner from the Commodity Futures Trading Commission accused the SEC of “regulation by enforcement” in a public press release response. NLW breaks down the escalation on the part of the SEC.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Chip Somodevilla/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 25, 2022.

"The Hash" team dissects today's top stories. The Federal Reserve is expected to raise rates another 75 basis points, as tech giants Alphabet and Meta Platforms report their second-quarter earnings. A huge data breach at Twitter exposes contact details of 5.4 million accounts. Plus, can Aptos Labs bring the Diem blockchain back to life after announcing a $150 million funding round?

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new narrative for Bitcoin’s energy impact.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this week’s “Long Reads Sunday,” NLW looks at two discussions of the positive role Bitcoin can play in greening the grid.

He reads: “Need a Use Case for Decentralization? Start with Energy” - Michael Casey

Thread by Level39

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Vladimir Kazakov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, July 23, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Celsius Network outlining its next steps as the insolvent crypto lender's bankruptcy hearing starts.
  • Court documents indicate a connection between crypto trading firm TPS Capital and Three Arrows Capital.
  • The latest on inflation in the U.S.
  • The arrest of a former Coinbase product manager on charges of wire fraud and insider trading.
  • The founders of insolvent crypto hedge fund Three Arrows Capital have broken their silence in an interview with Bloomberg.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Alliance DAO core contributor gives his bear market wish list.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Qiao Wang is a creator of and core contributor to Alliance DAO, an accelerator for Web3 companies in decentralized finance (DeFi), infrastructure, distributed autonomous organizations (DAO), non-fungible tokens (NFT) and more. In this episode, he and NLW discuss the macro landscape, how this bear market is different and what he’d like to see entrepreneurs build during this quieter period.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit:Westend61/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bianco argues that we’re never going back to the pre-pandemic economy.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW is joined by Jim Bianco, the president of Bianco Research. In this wide-ranging discussion, they talk about the bind the Federal Reserve finds itself in, the stickiness of inflation, structural economic changes post-coronavirus, and why crypto matters even when prices go down.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and nsubsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: We Are/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 22, 2022.

The founders of insolvent crypto hedge fund Three Arrows Capital have broken their silence in an interview with Bloomberg. "The Hash" team discusses the latest revelations as the duo denies claims they pulled money from the fund before its collapse. Plus, a closer look at crypto lender Nexo's attestations.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Troy argues that Bitcoin can help usher in a more renewable energy mix.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Today, the Bitcoin energy debate is all about how much energy bitcoin mining consumes, and what percentage of that comes from renewable sources. Today’s guest Troy Cross argues that in the future, Bitcoin will be seen as a technology that actually enables the overall economy to move to cleaner, greener energy sources even beyond mining itself.

Find our guest Twitter: @thetrocro

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Eoneren/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 21, 2022.

"The Hash" discusses the top stories of the day, including the arrest of a former Coinbase product manager on charges of wire fraud and insider trading. Plus, the panel weighs in on Tesla CEO Elon Musk's future bitcoin (BTC) plans, after the electric vehicle maker sold the majority of its BTC holdings in the second quarter.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A discussion of the hidden forces remaking the global political and economic order.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

NLW kicks off his “Midsummer Macro” series with a deep dive conversation with Demetri Kofinas, host of the “Hidden Forces” podcast. They discuss the Fed, inflation, the secular shift to stagflation and the tectonic geopolitical shifts that must be understood to truly understand the macroeconomic picture.

Find our guest online: @kofinas | hiddenforces.io

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, July 20, 2022.

"The Hash" team discusses the top stories of the day, including a report that seven cryptocurrency exchanges in South Korea have been raided by prosecutors probing a fraud case in connection with the collapse of terraUSD (UST) and LUNA. Plus, a closer look at a startup using artificial intelligence to authenticate non-fungible tokens (NFT).

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, July 19, 2022.

Former Celsius Network employees reveal internal concerns with the company in a new report from CNBC. The investigation details some of the firm's alleged missteps years before it filed for bankruptcy. "The Hash" hosts discuss the latest headlines surrounding Celsius and crypto hedge fund Three Arrows Capital. Plus, a look at Dubai's bet in becoming one of the world's top 10 metaverse economies.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As traditional financial rails go offline, some NGOs are turning to crypto.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode of “The Breakdown,” NLW looks at the possible reasons for crypto’s recent rally and discusses the growing role of crypto in Russia and Ukraine related to refugee nonprofits and charities.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 18, 2022.

"The Hash" team discusses today's top stories, including Celsius Network outlining its next steps as the insolvent crypto lender's bankruptcy hearing starts. Plus, a closer look at venture capital (VC) investments in crypto companies, as funding drops 26% in the first half of the year.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The much awaited Ethereum Merge appears to be on track for September.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW covers the crypto industry chatter around the Ethereum Merge. Last week, ETH devs pointed to September as a likely date for the transition from proof-of-work to proof-of-stake, and the price of ether has been going up ever since. But does the Merge also create political risk?

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Tuomas A. Lehtinen/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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NLW reads Balaji Srinivasan’s essay version of "The Network State."

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.

On this week’s Long Reads Sunday, NLW reads the “essay” version of Balaji Srinivasan’s new book “The Network State”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Andriy Onufriyenko /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, July 16, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Fans of the National Basketball Association’s Dallas Mavericks calling out owner Mark Cuban over a partnership with bankrupt crypto platform Voyager Digital.
  • The latest court order regarding Three Arrows Capital.
  • U.S. inflation hits fresh 40-year high at 9.1% in June.
  • Celsius Network co-founder and CEO Alex Mashinsky responding to the crypto lender filing for bankruptcy protection.
  • Celsius owed $439 million by Indianapolis-based private lending platform EquitiesFirst, according to the Financial Times.

This episode was edited by Michele Musso and Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It would be the biggest interest rate jump since 1981.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.

On this edition of the Weekly Recap, NLW looks at:

  • The markets new expectations for a 100bps or 1% rate hike at this month’s FOMC meeting
  • 3AC and Celsius news
  • Mt. Gox FUD
  • Bank protests in China

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: DNY59/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Even as inflation rises, the media is shifting its attention to a potential recession.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.

Is a recession coming? Are we in a recession already? Can we be in a recession with only 3.6% unemployment? On today’s episode, NLW explores the new narrative of recession starting to take hold in financial media (and American households).

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Peter Zelei Images /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 15, 2022.

Beleaguered crypto lending firm Celsius Network is owed $439 million by Indianapolis-based private lending platform EquitiesFirst, according to the Financial Times. This comes as Celsius' first bankruptcy case hearing is expected to take place on Monday. "The Hash" team discusses this developing story. Plus, what does the latest “South Park” movie have to do with crypto?

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As the industry matures, how we’re communicating about the technology and who we’re communicating with is more important than ever. As more new models to help others to understand and use blockchain technology are arising around the world more and more, how do we help the less fortunate communities that this new technology is designed to serve, build and grow?

On today’s episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren explore this important topic with two guests who have innovative approaches to education in Africa and the Americas. To delve deeper into technology education is

Oluwaseun David Adepoju, head of research at the Africa Blockchain Institute and editor of the Africa Blockchain Report; and Rhonda Eldridge, founder of Harness All Possibilities (USA) and Harness All Possibilities (Bahamas).

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Celsius Networks has moved into bankruptcy proceedings.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.

On today’s episode, NLW covers Celsius moving into Chapter 11 bankruptcy proceedings. This move has been anticipated for some time, but in advance Celsius sought to repay as many of its DeFi loans as possible. Also covered is a small but important decision in the Securities and Exchange Commission’s lawsuit against Ripple.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 14, 2022.

"The Hash" team discusses Celsius Network co-founder and CEO Alex Mashinsky responding to the crypto lender filing for bankruptcy protection by noting in a press release that it's the "right decision for our community and company.” Plus, Disney's latest push into the metaverse.

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The higher-than-expected CPI data makes it likely the Federal Reserve hikes rates 75 basis points again this month.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.

Nothing is more important to markets right now than how the Fed responds to inflation. On today’s show, NLW discusses the latest consumer price index numbers for June. He argues that they make it likely that the Fed continues with another 75 basis point hike at the FOMC meeting later this month, but also shows that the market believes they might even increase that to a full 1% hike.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, July 13, 2022.

In an interview with the Australian Financial Review, billionaire investor Charlie Munger calls crypto an "investment in nothing." Plus, famed skateboarder Tony Hawk heads to the metaverse with a skatepark and 3D avatar collection in The Sandbox. Those stories and more on "The Hash."

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, July 12, 2022.

"The Hash" team discusses the latest court order regarding Three Arrows Capital, GameStop's NFT marketplace and more.

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Three Arrows Capital’s appointed liquidators were in bankruptcy court in New York today.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.

On today’s episode of “The Breakdown,” NLW looks at the latest in the battle involving toppled former crypto giant hedge fund Three Arrows Capital, including accusations from liquidators the fund’s founders were unresponsive, and accusations from Three Arrows that liquidators were causing harm to the fund by not exercising StarkWare warrants. NLW also gives the latest on Celsius, including why it’s covering its DeFi loans first.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Michal Grosicki/EyeEm/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Twitter’s board threatens a lawsuit after Musk withdraws from the purchase agreement.

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.

After months of dithering, Elon Musk announced last Friday he would officially be pulling out of his deal to acquire Twitter for $44 billion. He cited as his reason a lack of transparency or clarity around the true number of bot accounts. In this episode, NLW describes what different commentators think is really going on. He also vibe-checks both crypto and TradFi as we head into what will likely be a big week in markets.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Dimitrios Kambouris/Getty Images for The Met Museum/Vogue, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, July 11, 2022.

"The Hash" team discusses the fans of the National Basketball Association Dallas Mavericks team calling out owner Mark Cuban over a partnership with bankrupt crypto platform Voyager Digital. Also an update on Elon Musk's Twitter deal saga.

This episode was edited by Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An exploration of the future of DAOs.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this week’s “Long Reads Sunday,” NLW reads and discusses:

“DAOs Are the Real Meritocracies” by Parker McCurley

“Why Brands Should Adopt a ‘Hybrid DAO’ Model” by Simon Yu

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Boris Zhitkov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Saturday, July 9, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Crypto brokerage firm Voyager Digital's bankruptcy filing.
  • U.S. officials who invest in crypto being banned from working on crypto-related policy.
  • The impact of June's jobs report on crypto markets.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The government’s big shift in tone on crypto might be to no avail.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

After years of what many would consider hostility to the industry, the British government did a major about-face in April when Chancellor of the Exchequer Rishi Sunak announced the country’s intention to make the U.K. a global crypto hub. But as Sunak resigned as part of a mass exit leading to Prime Minister Boris Johnson’s resignation this week, that ideal seems unlikely.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Dan Kitwood/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, July 8, 2022.

"The Hash" team discusses today's top stories, including the impact of June's jobs report on crypto markets, crypto's liquidity crisis and U.S. taking the lead in setting international regulatory standards for crypto.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The editorial board argues that the bitcoin spot ETF denial amounts to a power grab.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

The crypto industry hasn’t been particularly pleased with the SEC under Gary Gensler. In particular, the continued rejections of bitcoin spot ETFs (even after a futures ETF was approved last year) have been particularly irksome – even leading to legal action. In this episode, NLW breaks down a recent editorial in the Wall Street Journal showing that it’s not just the crypto industry that is upset.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Brendan Smialowski/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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At a Consensus panel from Austin, Texas, "Money Reimagined" host Michael Casey starts off the introductions of an engaging conversation with Marc Hochstein, Executive Editor at Coindesk; and Edward Snowden, a former CIA officer, and National Security Agency (NSA) consultant who is now the author of the new memoir, "Permanent Record." Hochstein and Snowden discuss the importance of securing internet privacy.

This episode was edited by Michele Musso with announcements by Adam B. Levine and additional production support from Eleanor Pahl. Our theme song is “Shepard.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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According to new ethics rules, yes.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

The U.S. Office of Government Ethics released rules this week that executive branch staffers who owned crypto would not be allowed to work on any crypto-related regulation. NLW explores the pros and cons of this, and expands the discussion to ethics and financial conflicts of interest more broadly.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: fStop Images - Antenna/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, July 7, 2022.

"The Hash" hosts discuss today's top stories, including U.S. officials who invest in crypto being banned from working on crypto-related policy.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Blockchain technology has given musicians new opportunities to monetize their craft and engage with fans. Artists of all types have given NFTs a chance in hopes of finding a new revenue stream and a path to ownership – and encouraging audience growth.

2 Chainz is a Grammy award-winning rapper, serial entrepreneur, and investor in The Real U, a recording company based in Atlanta. Tyler Spalding is the founder and CEO of blockchain payments company Flexa. Together, they join “The Hash’s” Zack Seward to talk about how they are bridging the gap between music and NFTs.

This panel occurred on June 10, 2022, the second day of CoinDesk’s Consensus 2022 festival. Michael Casey, CoinDesk's chief content officer, does the introduction.

This episode was edited by Nia Freeman, and our executive producer is Jared Schwartz. Photo: Derek White/Getty Images for SiriusXM, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The DXY hits its highest levels since 2002.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW digs into the idea of the U.S. dollar as a global wrecking ball, and explores why the dollar is the strongest it has been against other currencies in 20 years. As part of this, he also looks at structural weakness in Japanese and European currencies.

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: MicroStockHub/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, July 6, 2022.

"The Hash" team discusses today's top stories, including the latest development of crypto brokerage firm Voyager Digital's bankruptcy filing and Polygon partnering with tech startup Nothing to launch its own Web3 smartphone.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Citizens flooded into DAI and tether after the country’s economic minister announced his resignation on Saturday.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at a number of crypto events from the long weekend, including:

  • Why Argentinians flooded into stablecoins and drove the price of tether above $1 over the weekend
  • Whether on-chain bottom signals are reliable this cycle
  • The latest in crypto contagion

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including

real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: hernan4429/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A re-hashing of the month’s biggest story in crypto for Tuesday, July 5, 2022.

The story of Three Arrows Capital, a crypto hedge fund, unfolded over June as the firm faced losses amid a market downturn. Tune into today’s episode of “The Hash: Re-Hash Edition” to get up to speed on 3AC’s tumultuous month.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Twitter debate sparks much reflection.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this week’s “Long Reads Sunday,” NLW reads and reflects on Nic Carter’s “Setting the Record Straight.”

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Roc Canals/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, European crypto regulation comes into view.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On the “Weekly Recap,” NLW looks at:

  • The progress around two major European crypto regulation frameworks.
  • The latest in Three Arrows Capital crypto contagion.
  • Issues in the mining space.
  • And more!

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: D-Keine/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A macro recap of the past week.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks at:

  • Fed Chair Jerome Powell’s comments on inflation at the ECB conference.
  • The latest recession indicators.
  • Manufacturing declines.
  • Turmoil in the housing market.
  • And more!

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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.

-

Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Horacio Villalobos#Corbis/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of the week’s most valuable crypto stories for Friday, July 1, 2022.

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

  • Voyager Digital issuing default notice to Three Arrows Capital.
  • Troubles at crypto mining firm Compass Mining as it reportedly fails to pay its power bills.
  • Compass Mining CEO’s and CFO's resignations.
  • Grayscale's lawsuit against the U.S. Securities and Exchange Commission over its bitcoin spot ETF rejection.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, June 30, 2022.

"The Hash" team discusses today's top stories including Grayscale's lawsuit against the U.S. Securities and Exchange Commission over its bitcoin spot ETF rejection and Genesis's ginormous loss, partly due to Three Arrows Capital exposure.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The lawsuit was filed after the SEC rejected the company’s filing to convert GBTC to a spot bitcoin exchange-traded fund.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Late Wednesday, the U.S. Securities and Exchange Commission rejected Grayscale’s proposal to convert the Grayscale Bitcoin Trust to a spot bitcoin exchange-traded fund (ETF). Within minutes, Grayscale, a CoinDesk sister company, had filed suit against the SEC about that decision. In this episode, NLW explains why the crypto community is in broad agreement with Grayscale about the inconsistencies in how the SEC approves or rejects bitcoin-related products. (Disclosure: Grayscale is owned by CoinDesk parent Digital Currency Group.)

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Svenja-Foto/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, June 29, 2022.

"The Hash" group discusses today's top stories, including Compass Mining CEO’s and CFO's resignations and Citi raising the alarm on crypto-backed real estate mortgages.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A 101 on Bitcoin’s growing layer 2.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW gives a 101-level overview of the Lightning Network, including where it came from, how it works, and who is building on it.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Jira Pliankharom/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, June 28, 2022.

Troubles at crypto mining firm Compass Mining as it reportedly fails to pay its power bills. FTX's Sam Bankman-Fried denies rumors the exchange will acquire Robinhood. "The Hash" team discusses today's top stories.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A discussion with the chief strategy officer of the Human Rights Foundation.

This episode is sponsored by Nexo.io, NEAR and FTX US.

NLW is joined today by Alex Gladstein, chief strategy officer of the Human Rights Foundation. They discuss the Oslo Freedom Forum, the human rights use case for Bitcoin and what Alex is excited about heading into the bear market.

Find out guest on Twitter: @gladstein

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Vasil Dimitrov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, June 27, 2022.

"The Hash" team discusses today's top stories, including Voyager Digital issuing default notice to Three Arrows Capital, FTX Token DAO's fundraise and more hedge funds betting against stablecoin tether.

This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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People should be able to custody their own assets without burdensome compliance.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW explores the ongoing policy debate around “unhosted” (or, as crypto users call them – “self-hosted”) wallets, looking at MiCA legislation in Europe, an updated policy for the U.K. and hints from the Biden administration in the U.S.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Westend61/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Examining a recent propaganda speech from the Russian leader.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this week’s “Long Reads Sunday,” NLW builds off of Stack Hödler’s thread on a recent Putin speech to examine the Russian leader’s weaponization of inflation.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Contributor/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Great Repricing continues.

This episode is sponsored by Nexo.io, NEAR and FTX US.

In this edition of the “Weekly Recap,” NLW argues that this week saw the crypto community settling into the bear market. He looks at why both the macro landscape and crypto’s recent string of problems could be the beginning of a longer lull.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: gece33/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, June 24, 2022.

"The Hash" team discusses Solana doubling down on its Web3 push with the latest Web3 Android smartphone "Saga," and ratings agency Moody's downgrading Coinbase's (COIN) corporate debt.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at yesterday’s congressional hearing about the CFTC taking more authority around crypto.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW looks at two big events:

  • Congress held a committee meeting about the role of the CFTC in regulating and overseeing the crypto industry
  • Solana announced a new crypto-native mobile development stack as well as an Android phone called the Solana Saga

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: MR.Cole_Photographer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This is “Consensus Conversations 2022” a week later, moderated by Michele Musso, producer at CoinDesk, with a speaker panel of Features & Opinion Managing Editor Ben Schiller, Chiefs Insights Columnist David Z. Morris and Deputy Editor-in-Chief Zack Seward.

They discuss their sessions at Consensus 2022, and what has happened a week later.

This show is produced, announced and moderated by Michele Musso . Executive Producer is Jared Schwartz. Our theme song is by Elison.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In testimony on the Hill, the Fed chairman is grilled about whether interest rate increases are going to cause an economic decline.

This episode is sponsored by Nexo.io, NEAR and FTX US.

For the past two days, Federal Reserve Chairman Jerome Powell has been testifying on the Hill before both committees in the Senate and House. One of the most pointed discussions has been around the possibility that the Fed’s rapid about-face on interest rates and other market support might have the unintended consequence of dropping the economy into a recession.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, June 23, 2022.

"The Hash" hosts discuss Voyager Digital cutting daily-user withdrawal limit to $10,000, Coinbase phasing out "Coinbase Pro," and Binance's new NFT partnership with Cristiano Ronaldo.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Looking at data from the last few months to see whether miners have had to increase selling to cover costs.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW looks at the state of bitcoin miners’ balance sheets. Specifically, he looks at increased selling of bitcoin over the past few months, and to what extent it has to do with additional debt and leverage taken on during the bull market.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Koron/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, June 22, 2022.

"The Hash" squad discusses Michael Saylor's call for regulatory scrutiny over some of the crypto industry's bad practices, plus major big tech companies come together to set the standards for the metaverse.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How to keep a cool head and healthy skepticism in a world with abundant misinformation.

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When so many headlines, advertisements, and pitches are actively trying to misinform us, how do we maintain healthy skepticism without losing our minds?

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This episode featured George Frankly. It featured music by Jared Rubens and Gurty Beats, with editing by GF. Art for this episode was provided by Dex Ezekiel on Unsplash and was modified by Dare to Be Stupid.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, June 21, 2022.

"The Hash" team discusses the crypto-lending platform BlockFi securing a $250 million revolving-credit facility from FTX, and why Elon Musk is reiterating his support for dogecoin.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Some think we hit a local bottom while others are skeptical of the bounce.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s show, NLW explores the discussion around the bitcoin relief rally of the last two days, following the crash last Friday and Saturday. Some think that there are a plethora of bottom signals that suggest we may have a mean reversion and return to being correlated with equities, after falling much faster than Nasdaq thanks to the Luna/Terra implosion. Others think that we won’t find a bottom until equities find a bottom, and that doesn’t seem to have happened yet.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rudzhan Nagiev/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The industry is down bad, but is that more about the Federal Reserve or crypto institutional failures?

This episode is sponsored by Nexo.io, NEAR and FTX US.

The crypto market just went through one of its most turbulent and brutal weekends in recent memory. In today’s episode, NLW looks at how much the broader downturn as well as these more recent moves are being driven by the crypto specific factors such as Terra, Celsius and Three Arrows Capital, versus being just part of a larger macroeconomic re-alignment.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Leonid studio/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why the fight against centralization is more important than ever.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this “Long Reads Sunday,” NLW reads a thread from Punk6529, “On Why The Metaverse Needs Crypto.”

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Weiquan Lin/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The group argues a tax provision in last year’s infrastructure bill is unconstitutional.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this edition of the “Weekly Recap,” NLW looks at two stories from the past week in crypto. The first is advocacy group Coin Center’s lawsuit against the U.S. Treasury Department and the IRS around what it argues is an unconstitutional surveillance provision in last year’s infrastructure law. The second is the announcement of Web5 from Jack Dorsey’s TBD.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: DNY59/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, June 16, 2022.

"The Hash" hosts discuss Tether's new wave of redemptions as fear of market contagion spreads, and Tron DAO deploying $220 million for token purchases.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Markets increasingly bet on economic downturn as the Fed hikes by 75 bps.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Yesterday, the Federal Reserve increased the target Federal Funds rate by 0.75% – the biggest increase since 1994. While the markets initially popped on the news, stocks subsequently tanked and began pricing in even more economic pain to come. In today’s episode, NLW looks at the growing consensus around the idea that the United States is headed towards a recession.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As the U.S. central bank takes increasingly dramatic steps to fight inflation, the housing market faces challenges.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this episode of “The Breakdown,” NLW looks at the Federal Reserve’s increasing hawkishness on inflation. He explains how market expectations around Fed interest rate raises have shifted, and also explains how the mortgage and housing markets are being impacted in ways that have potentially problematic long-term consequences.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, June 15, 2022.

"The Hash" team discusses today's top stories: Binance, Kraken and Nexo are among the crypto firms sticking to their hiring plans despite a market downturn, Bill Gates slams non-fungible tokens (NFT) while Kevin O'Leary says a “panic event” is needed before crypto bottoms.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, June 14, 2022.

"The Hash" team discusses today's top stories as crypto markets bleed $1 billion in liquidation: Coinbase will cut more than 1,000 jobs, SEC's Gary Gensler warns about high-yield products offered by crypto lenders and El Salvador loses half of its bitcoin investment amid market turmoil.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Celsius joins Terra in driving the market to new lows.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW looks at the market’s reaction to Celsius’ struggle to remain solvent. He also examines to what extent the recent downturn is being driven by Celsius and other crypto-specific considerations, compared with being a by-product of larger macro trends.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Catya_Shok/Getty Images. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The senators discuss how the bill came together, and why crypto remains bipartisan.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “The Breakdown,” Sens. Cynthia Lummis and Kirsten Gillibrand join NLW to discuss their recently released Responsible Financial Innovation Act. They discuss:

  • How Senator Gillibrand came to be interested in the topic.
  • How “ancillary assets” came to be defined for digital assets.
  • The bill’s approach to investor protections.
  • Stablecoins vs CBDCs.
  • And much more.

Find our guests on Twitter:

@SenLummis

@SenGillibrand

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rob Mitchell/CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode was presented by the Oak Network.

This is “Consensus Conversations 2022” live from Austin, Texas, moderated by Michele Musso, producer at CoinDesk, with a speaker panel of Managing Editor of Markets, Brad Keoun; Chiefs Insights Columnist David Z. Morris; and former Managing Editor of Podcasts, still host of Markets Daily and CEO of 330.ai, Adam B. Levine.

They discuss their sessions at Consensus 2022, the recent drop in Ethereum with its merge being pushed back yet again, the financial complexity that is creeping into crypto and the response to Coinbase CEO tweeting ‘You Will Be Fired’.

This show is produced, announced and moderated by Michele Musso with additional production support from Mike McCarthy. Our theme song is by Elison.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, what Web 3 needs to attract new audiences.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s interview, NLW is joined by Mathieu Nouzareth, the CEO of The Sandbox. The Sandbox is one of the leading metaverse platforms today, with deep roots in gaming. In this conversation, they look at the state of metaverse build out, what Web 3 needs to work on building next and why cities are a model for how to design metaverses.

Find our guest on Twitter: @mnouz

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rob Mitchell/CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by EY.

Live from Consensus in Austin, Texas, "Money Reimagined" hosts Michael Casey and Sheila Warren sit down with Kimbal Musk, co-founder and executive chairman of Big Green, and H.E.R. DAO Founder, Tracey Bowen to discuss their ESG projects and how DAOs are advancing them.

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine with additional production support from Eleanor Pahl. Our theme song is “Shepard.”

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EY is proud to sponsor “Money Reimagined.” As businesses prepare for the token economy, EY is committed to building a better working world and connecting global business ecosystems on the public Ethereum blockchain. To learn more about the EY Blockchain portfolio of products and services, visit blockchain.ey.com.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode was presented by the Oak Network.

This is “Consensus Conversations 2022” live from Austin, Texas, moderated by Michele Musso, producer at CoinDesk, with a speaker panel of Ben Schiller, managing editor, features & opinion; Chiefs Insights Columnist David Z. Morris; and former Managing Editor of Podcasts, still host of Markets Daily and CEO of 330.ai, Adam B. Levine.

They discuss the experience of Consensus 2022, recent markets, inflation, the changes within the crypto space and what to expect moving forward.

This show is produced and moderated by Michele Musso . Our Executive Producer is Jared Schwartz with additional production support from Mike McCarthy. Our theme song is by Elison.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An interview with the Castle Island Ventures founding partner.

This episode is sponsored by Nexo.io, NEAR and FTX US.

NLW is joined on “The Breakdown” by Nic Carter, the founding partner at Castle Island Ventures. In this conversation, they discuss the market cycle, what’s valuable about being in a bear market and the promise of decentralized finance on the Lightning Network.

Find our guest on Twitter: @nic__carter

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rob Mitchell/CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, June 10, 2022.

"The Hash" team shares their takes on the "Bitcoin Academy" plans from Jay-Z to Jack Dorsey, the fate of Seth Green's Bored Ape NFT and the Optimism attacker returning 17 million stolen tokens.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Custodia Bank has sued the Federal Reserve.

This episode is sponsored by Nexo.io, NEAR and FTX US.

There is a growing appetite among crypto companies to avail themselves of the legal system to fight for what they believe. This week, Custodia Bank (formerly Avanti), run by Caitlin Long, filed suit against the Federal Reserve for failing to process the bank’s master account application. Grayscale, meanwhile, has hired President Obama’s former Solicitor General, Neal Katyal, to have legal resources to mount a challenge depending on the results of their application to convert the Grayscale Bitcoin Trust into an exchange-traded fund.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Vasil Dimitrov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, June 9, 2022.

"The Hash" team discusses billionaire investor Mike Novogratz's prediction on the fate of crypto hedge funds, and they chat about the ApeCoin community's vote on staying on Ethereum.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Human rights advocates refute the claim that crypto is useless.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Crypto critics have been emboldened lately. The New York Times this week published an article seemingly meant to convince people that because early bitcoin mining was concentrated, bitcoin’s ideal of decentralization was somehow compromised. The newspaper also published a Paul Krugman op-ed saying that bitcoin hadn’t found any uses in 15 years. That op-ed happened to come out on the same day that 21 human rights activists from around the world wrote an impassioned letter to U.S. politicians about why crypto had been essential to their work.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Vasil Dimitrov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, June 8, 2022.

"The Hash" team discusses today's top stories, including Ethereum's Ropsten testnet moving to proof-of-stake, Solana's $100 million fund for South Korean crypto projects and Citibank's report on crypto user adoption.

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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Public market valuation adjustments are finally coming to the private crypto markets.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW covers a set of recent news in the crypto industry, including:

  • Reactions to the Responsible Financial Innovation Act
  • SEC investigating Binance over BNB
  • Reuters report on Binance and money laundering
  • BlockFi raising money on a down round
  • Coinbase’s rescinded job offers

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Andriy Onufriyenko/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Reports of the non-fungible token market’s death have been greatly exaggerated, and that’s great.

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The Wall Street Journal declared that NFTs are dead… again! They’ve plummeted to nothing… again! But maybe this time it’ll stick, because dying might be just what it takes for the market to succeed.

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This episode featured George Frankly. It featured music by Jared Rubens and Gurty Beats, with editing by GF. Art for this episode was provided by Danlev/Wikimedia and was modified by Dare to Be Stupid.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Lummis-Gillibrand Responsible Financial Innovation Act was released today.

This episode is sponsored by Nexo.io, NEAR and FTX US.

After months of anticipation, new landmark crypto legislation has arrived. Senators Cythnia Lummis (R-Wyo.) and Kirsten Gillibrand (D-NY) released their Responsible Financial Innovation Act today. The bill covers a huge swath of the digital asset space, from stablecoins to tokens. In this episode, NLW recaps the key features of the bill as well as shares the community’s first impressions.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: JTSorrell/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, June 7, 2022.

PayPal is allowing U.S. users to transfer their digital assets off its platform to other wallets and exchanges for the first time. Plus, "The Hash" discusses a new academic paper about Bitcoin's formative years.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Corporate America seems to be more convinced that it is inevitable.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Last week, corporate executives from Tesla’s Elon Musk to BlackRock’s Larry Fink discussed what they see as a coming recession. JPMorgan Chase CEO Jamie Dimon called the coming economic environment a “hurricane.” At the same time, last week’s jobs report was a surprise, as payrolls grew more than economists expected. On today’s show, NLW looks at the two sides of the recession debate.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, June 6, 2022.

The ‘Hash’ hosts discuss Stepn suffering multiple distributed denial of service (DDOS) attacks following a recent upgrade. Plus, Elon Musk threatens to terminate his $44 billion Twitter deal over a "clear material breach" of the social media company's obligations.

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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What does philanthropy in a Web 3 world look like?

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this edition of “Long Reads Sunday,” NLW reads “How Web 3 Changes Philanthropy” by Rhys Lindmark.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Boris Zhitkov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A proof-of-work mining moratorium is passed at the last possible moment.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this edition of the “Weekly Recap,” NLW looks at New York State’s latest crypto-unfriendly actions, including a last-minute, frankly sneaky passing of a proof-of-work mining moratorium.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Matt Anderson Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, June 3, 2022.

"The Hash" discusses the SEC’s warning for retail investors that is getting panned online and why many crypto companies are announcing job cuts and hiring freezes as Elon Musk reportedly sounds the alarm on the economy.

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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How the crypto industry should view recent insider trading charges.

This episode is sponsored by Nexo.io, NEAR and FTX US.

In September, then-OpenSea product manager Nate Chastain was discovered to be front running the market by using secret addresses to buy non-fungible tokens (NFT) from collections that the site was about to feature on its homepage. This week, Chastain was arrested in what the U.S. Department of Justice called the “First Ever Digital Asset Insider Trading Scheme.” On today’s episode, NLW breaks down the charges and the community’s reaction.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: microgen/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Sensational headlines are flooding Twitter, but is there any substance?

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “The Breakdown,” NLW looks at a story – or at least a headline – that is getting big traction on Twitter. The headline is about the Biden administration pushing Bitcoin to be more energy efficient. Except there really isn’t any news to that effect. All of the repurposed headlines stem from one Bloomberg Law piece with a few vague quotes from an administration official working on an energy-related crypto report requested in President Joe Biden’s March Executive Order. NLW argues that the community getting frantically worked up about these sorts of non-stories is going to crowd out space for the real political battles to come.

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Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Al Drago-Pool/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, June 2, 2022.

"The Hash" team discusses the first NFT insider trading case in the history of crypto, Gemini's first massive layoff since 2014 and Chipotle's partnership with Flexa for crypto payments.

See also: Chipotle Now Accepting Cryptocurrency Payments at US Locations

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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

-

Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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June will be the first month the Federal Reserve allows Treasury bonds to mature without replacement.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW marks the next phase in the shift in monetary policy. Starting this month, the Federal Reserve is going to allow U.S. Treasurys and mortgage-backed securities held on its balance sheet to expire without renewal. The goal is to reduce the overall balance sheet by billions of dollars per month. NLW explains how we got here, why the market is nervous and what might happen next.

-

Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Brendan Smialowski-Pool/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, June 1, 2022.

"The Hash" team discusses Elon Musk's alleged remote work ban for Tesla staff, Binance Labs' Web 3 investments and more.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach."

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A summer preview of key macroeconomic discussions.

This episode is sponsored by Nexo.io, NEAR and FTX US.

“Sell in May and go away,” says the old market aphorism. Today on “The Breakdown,” NLW previews a set of discussions he believes will shape markets this summer:

  • The inflation battle – the Federal Reserve’s Jerome Powell meets with President Biden
  • The energy battle – the European Union bans the majority of Russian oil
  • The crypto regulation battle – the U.S. is expecting major legislation from senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) in June

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Kevin Dietsch/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, May 31, 2022.

"The Hash" team discusses the top-selling NFT project "Goblintown" to the rise and fall of MiamiCoin and Mayor Suarez taking his salary in bitcoin.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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One of bitcoin’s strengths is appealing to the Right and Left, for different reasons.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this week’s “Long Reads Sunday,” NLW reads and comments on “Bitcoin Is Apolitical, but Won't Be Much Longer” by Daniel Kuhn.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Craig Hastings/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Venture capitalists have gotten increasingly frantic over the last few months.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this edition of the “Weekly Recap,” NLW looks at why venture capitalists are not only recommending their companies batten down the hatches, but wondering if the fundamental assumptions of their industry will hold in a new monetary era.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Smith Collection/Gado/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The mood sours even further in Cryptoland.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW analyzes community sentiment as bitcoin and ether have their most protracted, continuous downturns of all time and while consumer sentiment in traditional markets hits all-time lows.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Aitor Diago/Getty Images and NLW’s Goblin 8720, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, May 27, 2022.

"The Hash" team discusses the expected launch of the new Terra blockchain, Tether's expansion into Polygon network and the Web 3 ambition of publisher Conde Nast.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, May 26, 2022.

"The Hash" team discusses USDC stablecoin issuer Circle advising against the launch of a digital dollar, Ethereum beacon chain's longest "reorg" in years and MetaMask's plan to help victims of crypto scams.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at FOMC meeting minutes and other macro indicators.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “The Breakdown,” NLW explores the macro set-up, including Fed unanimity on two 50 basis point rate hikes in June and July followed by optionality at the September FOMC meeting. He also looks at the housing market and retail sector to see how the real economy is responding.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Franziska Uhlmann/EyeEm/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, May 25, 2022.

"The Hash" team discusses crypto billionaire Sam Bankman-Fried's ever-increasing political donations, the NFL's new NFT game and Andreessen Horowitz's (a16z) new $4.5 billion crypto fund.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach."

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A surprisingly measured set of comments from Acting Comptroller Michael Hsu.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW covers:

  • Acting Comptroller Michael Hsu’s comments on systemic risk in crypto following Terra
  • South Korean authorities’ push for answers
  • USDC on Ethereum flippens USDT on Ethereum among whales
  • Crypto funds raise billions

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Yuichiro Chino/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, May 24, 2022.

"The Hash" team discusses Coinbase becoming the first crypto company to be included in the Fortune 500 list, Central African Republic's move to embrace crypto and the conversations around cryptocurrencies at the World Economic Forum annual conference in Davos.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The annual conference showcases people and ideas working to increase freedom throughout the world.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW looks at a number of topics from across the crypto space and wider economy, including:

  • New Fed data about the percentage of Americans using crypto.
  • Wall Street’s banking lobby getting nervous about central bank digital currencies.
  • The European Central Bank’s latest paper about crypto and systemic risk.
  • Institutional outflows.
  • Bitcoin’s appearances at the Oslo Freedom Forum.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: RomoloTavani/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The best and brightest people can make truly stupid decisions and terrible predictions. What can we learn from them?

This episode is sponsored by Nexo.io.

How did criminal use of crypto go up over 75% the same year that it went down 75%? It’s not just words that have multiple meanings – sometimes how we define a number can change everything, and still be true.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

This episode featured George Frankly. It featured music by Jared Rubens and Gurty Beats, with editing by GF. Art for this episode was provided by Johnny Vigersten/Unsplash and was modified by Dare to Be Stupid.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, May 23, 2022.

"The Hash" team discusses the increasing use cases for NFTs, artist Beeple's Twitter account hack and how residents of Niagara Falls are forced to reckon with crypto mining.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Adrian Blust. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The annual WEF conference has begun, albeit late and in a more subdued fashion.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode of “The Breakdown,” NLW previews two things happening this week:

  • First, hope from the markets that slightly dovish comments from the Fed might prompt a relief rally.
  • Second, a preview of the discussions that will be taking place at the World Economic Forum, particularly around bitcoin and crypto.

-

Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: montipora/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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That's the argument of the president of the RadicalxChange Foundation.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this week's “Long Reads Sunday,” NLW reads “Let’s Use New Forms of Money to Commit to Our Communities.”

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: yuoak/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The firm is extremely bullish on Web 3.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Venture giant Andreessen Horowitz (a16z) recently published its inaugural "State of Crypto" report. In this edition of the “Weekly Recap,” NLW looks at five key takeaways from the research as well as UST-luna investor postmortems.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: ChakisAtelier/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, May 20, 2022.

NFL player Alex Barrett is now taking 100% of his paycheck in bitcoin. Barrett joins "The Hash" and shares his reasons behind this move and what he thinks of the blockchain space.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Adrian Blust. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus more about Ikigai's new Web 3 venture fund.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today's episode, NLW is joined by Travis Kling, co-founder and chief investment officer at Ikigai Asset Management. They discuss Ikigai's just-announced $30 million Web 3 fund, and what got Travis and his team excited to start investing in the Web 3 space. They also discuss the current state of traditional and crypto markets and catalysts that might bring new energy and excitement to the space.

Find our guest on Twitter: @Travis_Kling

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: DNY59/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, May 19, 2022.

"The Hash" team discusses FTX US's new push for a bigger slice of U.S. retail pie, Ethereum's testnet merge update and the SEC's crypto regulation budget.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Will the attestations be enough to calm Tether’s critics?

This episode is sponsored by Nexo.io, NEAR and FTX US.

Tether has released its Q1 reserve attestations. On today’s episode, NLW covers what many in the industry are seeing as positive shifts. He also looks at some recent regulatory news, including the SEC and CFTC increasing enforcement actions.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: wsmahar/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, May 18, 2022.

"The Hash" group discusses LimeWire inking a deal with Universal Music Group for content licensing on a global scale. Also, a16z is launching its first gaming fund targeting the booming blockchain gaming space and much more.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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With money leaving stablecoins and the industry as a whole, is there any good news?

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “The Breakdown,” NLW covers a number of signals suggesting institutional buyers are leaving the crypto space. At the same time, he looks at new corporate engagement and Web 3 infrastructure being built that could help drive the next round of user adoption.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: sarayut Thaneerat/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The best and brightest people can make truly stupid decisions and terrible predictions. What can we learn from them?

This episode is sponsored by Nexo.io.

No matter how secure or encrypted a system is, the human element is always vulnerable. What is the “language of passwords,” and how did it compromise hundreds of scandalous celebrity photos in 2014?

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

This episode featured George Frankly. It featured music by Jared Rubens and Gurty Beats, with editing by GF. Art for this episode was provided by Mateo Vistocco/Unsplash and was modified by Dare to Be Stupid.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, May 17, 2022.

"The Hash" team discusses stories of today including the latest development of Elon Musk's Twitter (TWTR) takeover saga, the impact of Terra's collapse and the underground mining in China.

See also: Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The U.S. has also expanded its lead in the global hashrate competition.

This episode is sponsored by Nexo.io, NEAR and FTX US.

The U.S. has also expanded its lead in the global hashrate competition.

On today’s episode of “The Breakdown,” NLW looks at new bitcoin mining data from the Cambridge Centre for Alternative Finance. Surprisingly (or unsurprisingly, depending on whom you ask), China is back at the No. 2 spot in global hashrate, despite there ostensibly being a full bitcoin mining ban. NLW also looks at the finance conference that has brought representatives of 44 countries to El Salvador, where they’re learning about bitcoin among other topics.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Alfieri/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The community is getting louder about wanting answers to this lingering question.

This episode is sponsored by Nexo.io, NEAR and FTX US.

The Luna Foundation Guard (LFG) was created to build a bitcoin collateral backstop for the UST stablecoin. As UST began to lose its peg, the LFG’s BTC started to move. Firms like Elliptic were able to trace it only so far, but then no farther. It wasn’t until Monday morning the LFG officially commented, but some are still hungry for more information.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: mustafahacalaki/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, May 16, 2022.

"The Hash" team talks about El Salvador's upcoming meeting where 44 banks are expected to discuss the state of crypto and bitcoin, Morgan Stanley issuing a warning on NFT market and more.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Adrian Blust with additional production support from Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Enjoy a quick preview of Consensus 2022, as CoinDeskers share what they’re looking forward to this June 9-12 in Austin, Texas!

Featured (in order of appearance):

  • Michael Casey, Chief Content Officer
  • Christine Lee, CDTV Anchor/Producer
  • Sam Ewan, SVP, Head of CoinDesk Studios
  • Zack Seward, Deputy Editor-in-Chief, Global News
  • Pete Pachal, Chief of Staff, Content
  • Garrett Skrovina, Senior Manager of Audience Partnerships
  • Nikhilesh De, Managing Editor, Global Policy & Regulation
  • Dionne Vaz, Marketing Director
  • Link Green, Operations Manager, DESK
  • Rob Mitchell, Deputy Producer, Podcasts
  • Adrian Blust, Associate Producer, Podcasts
  • Jared Schwartz, Executive Producer, Podcasts

If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, Consensus 2022, is the festival experience for you. Use code C22POD to get 15% off your pass at www.coindesk.com/consensus2022.

Sign up to be the Next CoinDesk Podcast Star at www.coindesk.com/consensus2022/experiences/podcast-competition.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a 101 comparison of custodial vs. decentralized stablecoins.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s “Long Reads Sunday,” NLW features:

0-100 on Stablecoin Design by Spencer Noon

On algorithmic stablecoins & the UST collapse by Jake Chervinsky

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: SEAN GLADWELL/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Recapping a wild week in crypto.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this edition of the “Weekly Recap,” NLW looks at LUNA’s hyperinflationary death, as well as where market participants are placing their bets for more bear market challenges.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: alainolympus/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, May 13, 2022.

"The Hash" panel tackles Elon Musk as he's still committed to buying Twitter (TWTR) after saying the takeover was "temporarily on hold" earlier in the day. FTX CEO Sam Bankman-Fried buys a big stake in Robinhood Markets. The winners and losers from the UST stablecoin and LUNA token collapse.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The CEO of Circle discusses where this leaves the stablecoin conversation in Washington, D.C.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Jeremy Allaire is the CEO of Circle, a leader of the USDC consortium. In today’s episode, he and NLW review the state of the stablecoin discussion among U.S. regulators before the implosion of UST and LUNA, and how the events of the last week have changed the discourse.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: joe daniel price/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, May 12, 2022.

"The Hash" panel tackles the collapse of UST stablecoin and luna token as it continues its ripple effects on the crypto markets. However, Terra says it has a plan to fix things. Nevertheless, the global crypto regulators are coming. Cathie Wood's Ark Invest doubles down on buying up more sliding Coinbase stock.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Inflation came in at 8.3% year over year.

This episode is sponsored by Nexo.io, NEAR and FTX US.

For the first time in eight months, the year-over-year rate of inflation did not increase in April. In March, headline inflation hit 8.5% while last month that number came down slightly to 8.3%. Still, inflation was above economists' expectations, and it seems no one is ready to say for sure we’re headed back down to a more reasonable level. In this episode, NLW explores the market’s reaction and why, increasingly, the fear isn’t more inflation but a recession caused by the Federal Reserve’s response.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The asset, LUNA, once trading over $119, falls to under $1.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today, NLW follows up Tuesday’s primer on the UST-LUNA story with a look at the dramatic events of this morning. UST’s peg has continued to fall, with LUNA following. At their lowest points, UST was trading at 27 cents and LUNA hit 83 cents. The podcast covers the community’s reaction to the Terra fall, and what’s likely to happen next.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Bruce Rolff/Stocktrek Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, May 11, 2022.

On today's episode of "The Hash," our panel of experts tackles the hot topics of the day. UST and Luna continue to be in turmoil, and now ex-Terra colleagues are saying that Terraform Labs CEO Do Kwon was also behind the failure of another algorithmic stablecoin. Coinbase shares are sinking after its first-quarter earnings report and outlook. We'll have all the latest on these stories and more.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Stocks nuked. Commodities nuked. A stablecoin really, really nuked.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Yesterday was one for the history books. NLW discusses the shifting macro setup as markets start to move from concern around inflation to concern around recession. The bulk of the episode is spent on the Luna-UST de-pegging event that has rocked the crypto industry over the last few days and that even made it to a discussion on Capital Hill with Treasury Secretary Janet Yellen.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, May 10, 2022.

The Hash panel tackles the UST stablecoin's loss of its dollar-pegged status. What happened and what does it mean?

Treasury Secretary Janet Yellen uses an example from Terra to discuss risks within our financial system, including MicroStrategy’s decision not to sell bitcoin even as prices fall below its average purchase costs because the company "anticipates that demand will be sufficient." Plus: the reason why Azuki NFTs are crashing in value!

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The power to regulate is the power to delay.

This episode is sponsored by Nexo.io.

Join “Speaking of Bitcoin” hosts Adam B Levine, Andreas M. Antonopoulos and Stephanie Murphy for a look at the recent U.S. bitcoin futures exchange-traded fund approval that has some in the crypto community increasingly optimistic about its potential to revolutionize finance forever!

But should they be?

Ever since the first bitcoin (BTC) spot ETF was rejected by regulatory bodies in 2017, investors have had to watch their investments crumble. The prospects for a successful outcome have seemed bleak. So why do we keep talking about these failed products and why does it seem like everyone is clambering aboard with hope once again as if nothing happened the last time around?

The show tackles a paradoxical situation where a U.S. Securities and Exchange Commission tasked with investor protection may actually push consumers into riskier vehicles, before shifting gears towards knowledge-power-confounding "Darth Vader" effect and bipartisan legislation aimed at protecting U.S. investors from volatility risks.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

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This episode featured Stephanie Murphy, Andreas M. Antonopoulos and Adam B. Levine. It featured music by Jared Rubens and Gurty Beats, with editing by Jonas. Art for this episode was provided by Helen Cramer/Unsplash and was modified by Speaking of Bitcoin.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, May 9, 2022.

"The Hash" panel discusses Meta Platforms testing NFTs on Instagram, Bankless crypto channel banned and then reinstated by YouTube and what impact crypto markets’ slide and volatility will have on Coinbase's latest earnings report.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Between them, they show the range of policymaker and institutional engagement in the space.

This episode is sponsored by Nexo.io, NEAR and FTX US.

One of the key themes in the bitcoin (BTC) and crypto industry in 2022 is engagement from governments and the key financial institutions of the existing monetary system. Today, NLW examines two different approaches to how to engage with crypto, both on display last week. On the one hand was the International Monetary Fund pressuring Argentina to discourage crypto as part of a $45 billion debt deal. On the other was California announcing an Executive Order to build a robust and (seemingly) invitational regulatory regime for Web 3.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Justin Sullivan/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The problem with the current payment system.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this week’s “Long Reads Sunday,” NLW reads:

Why We Need Crypto Payments to Work - JP Koning

Matt Taibbi, PayPal's Deplatforming and the Case for Crypto - Daniel Kuhn

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today's editing by Jonas Huck and Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Mario Tama/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A primer on Yuga Labs.

This episode is sponsored by Nexo.io, NEAR and FTX US.

It’s only been a year since people were able to mint a bored looking ape NFT for about $200. But in that year, the company behind the Bored Ape Yacht Club has recruited celebrities, raised hundreds of millions of dollars, acquired the IP of other key NFTs, launched its own cryptocurrency, and most recently, sold plots of virtual land for its forthcoming metaverse.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today's editing by Jonas Huck and Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Mario Tama/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, May 6, 2022.

"The Hash" team discusses how the Juno project accidentally transferred $36 million in seized funds to inaccessible wallet addresses and the expansion of the U.S. sanction list targeting North Korea.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Vance Spencer is the co-founder of Framework Ventures.

This episode is sponsored by Nexo.io, NEAR and FTX US.

In today’s interview, NLW talks with Vance Spencer, co-founder of Framework Ventures and Framework Labs, about DeFi, crypto investing, the social disruption of play-to-earn, blockchain gaming and disruption everywhere.

Find our guest on Twitter: @pythianism

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: ChakisAtelier/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, May 5, 2022.

"The Hash" team discusses Binance's $500 million backing to help Elon Musk seal the Twitter deal, Coinbase's NFT marketplace reception and the controversy surrounding veteran magazine journalist Matt Taibbi's new story about PayPal deplatforming alternative media sites.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach."

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A 50bps hike comes out of the FOMC meeting.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “The Breakdown,” NLW looks at this week’s FOMC meeting. The Fed increased the Federal Funds Rate target by the anticipated 50 basis points, but most of the discussion was about comments from Jerome Powell that the Fed wasn’t even considering a 75bps hike. So was this meeting dovish or hawkish?

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Politicians are starting to formalize their positions.

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “The Breakdown,” NLW looks at a set of stories relating to crypto’s place in the political discourse, including:

  • SEC increasing enforcement staff
  • Bitcoin Mining Council letter to the EPA
  • Ohio’s entirely pro-crypto Senate primary

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Hill Street Studios/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Wednesday, May 4, 2022.

"The Hash" hosts discuss the dramatic buying and selling frenzies of ApeCoin to the first-quarter financial results of mining company Marathon Digital and software company MicroStrategy, which holds a big stash of bitcoin in its reserves.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, May 3, 2022.

"The Hash" team discusses a16z's commitment to investing in Indian startups, institutional DeFi and the U.S. Securities and Exchange Commission's effort to combat crypto-related scams.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The billionaire hedge funder previews a very tough period for the Fed.

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode, NLW previews the upcoming Fed meeting through the lens of a CNBC interview with billionaire hedge funder Paul Tudor Jones. Jones characterized this as one of the most challenging times for the Fed in its history and said that it’s an unbelievably bad time for financial assets. The founder of Tudor Investment also discusses the reasons why he’s long-term bullish on crypto, which include an influx of human capital.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Kevin Mazur/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It’s a tale of two markets in crypto.

This episode is sponsored by Nexo.io, NEAR and FTX US.

In the short term, crypto is firmly a part of the larger macro cycle driven by the Fed’s fight against inflation. In the long term, however, there is much evidence that the market downturn won’t be anything like the crypto winter of 2018-2019. NLW explores the funding and events of the past month that tell the story of these two different crypto markets.

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

-

NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: We Are/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Monday, May 2, 2022.

"The Hash" team discusses the controversial BAYC "Otherside" metaverse land sale and investment legends Warren Buffett’s and Charlie Munger's harsh criticism of crypto.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is "Neon Beach."

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Could he build the world’s first global political coalition?

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “Long Reads Sunday,” NLW reads Balaji Srinivasan’s “The Elondrop.”

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Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now.

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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Scott Olson/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The only thing worse than a Get-Rich-Quick-Scheme is a Save-The-World-Quick-Scheme, and we’re all falling for it: the Aspirational systems of DAOs, altcoins and crypto charities.

This episode is sponsored by Nexo.io.

Human beings are generally good people! But they’re also generally lazy people. When good natures and low efforts meet, terrible decisions follow. Scam coins, feel-good make-bad charities, DAOs and the joy of recycling; they’re all aspirational systems.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

This episode featured George Frankly. It featured music by Jared Rubens and Gurty Beats, with editing by GF. Art for this episode was provided by Gary Chan/Unsplash and was modified by Dare to Be Stupid.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at other institutional and regulatory stories.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW looks at the surprise GDP decline in the U.S., as well as wraps up other stories from the macro environment, regulatory sphere and around institutional adoption.

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: skynesher/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bill Hwang is being accused of market manipulation.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Bill Hwang is no stranger to law enforcement around financial crimes. In 2012 he settled an insider trading and market manipulation case involving Chinese stocks. Last year, he jumped back in the headlines after his family office, Archegos, completely imploded, ultimately leading to $10 billion of losses for brokerages including Nomura and Credit Suisse. This week, he was arrested on new charges surrounding Archegos. NLW explores how the market is reacting and what it tells us about the state of the financial system.

Find our previous episode about Archegos here: https://www.coindesk.com/podcasts/the-breakdown-with-nlw/corruption-leverage-and-cheap-money-archegos-and-the-fastest-loss-of-wealth-in-history/

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Michael Nagle/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Friday, April 29, 2022.

"The Hash" hosts discuss the Ukrainian government's newest initiative to use non-fungible token (NFT) donations in the war against Russia. Also, Panama's new crypto law and private equity investment firm Apollo's new hire for its digital asset division.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Thursday, April 28, 2022.

"The Hash" team discusses the impact of a shrinking economy in the United States to the booming DeFi space with reports stating that there were over 100 crypto assets created in the past week.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest in institutional investor sentiment and action in crypto.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on “The Breakdown,” NLW looks at the institutional side of the crypto industry, focusing on:

  • A fascinating new sentiment survey from Bitstamp
  • Fidelity’s plans to add bitcoin to 401(k) plans
  • Goldman Sachs exploring financial asset tokens
  • Dragonfly raises $650 million with concentration of endowments

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: AlexSava/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" team discusses the official recognition of bitcoin as legal currency in the Central African Republic, bitcoin adoption in El Salvador and the Ethereum Foundation's non-crypto investments.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at news from Brazil, Buenos Aires, Fort Worth and New York.

This episode is sponsored by Nexo.io, Arculus and FTX US.

It’s another global crypto adoption and regulation roundup, led by confirmation that the Central African Republic is moving to make bitcoin legal tender, alongside the CFA franc. NLW looks at why this is significant in a historical, postcolonial context. The show also covers legislation moving ahead in Brazil, a Buenos Aires initiative that will allow residents to pay taxes in crypto, Fort Worth, Texas, becoming the first U.S. city to mine bitcoin and the N.Y. State Assembly passing a two-year new fossil fuel-based mining moratorium.

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Andriy Onufriyenko/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The most valuable crypto stories for Tuesday, April 26, 2022.

"The Hash" team discusses today's top stories including Twitter's 180 degree turnaround to accept Elon Musk's takeover offer and the fate of Moonbirds NFTs after the company’s chief operating officer announced he's leaving to join a new fund.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Can Elon Musk fix Twitter’s original sin?

This episode is sponsored by Nexo.io, Arculus and FTX US.

Elon Musk is officially buying Twitter. In today’s show, NLW argues that the debate and discussion around the move is largely focused on content moderation policies, when the more fundamental issue is the relationship of the advertising business model to what the algorithm prioritizes. Does Musk have the long-term view and the willingness to endure financial challenges to actually go after the root causes of Twitter’s problems?

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Andrew Harrer/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Fast times at the U.S. Securities and Exchange Commission.

This episode is sponsored by Nexo.io.

Join "Speaking of Bitcoin" hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy for a look at a recent move by the Securities and Exchange Commission (SEC) to "clarify" the responsibilities of publicly traded crypto companies.

This episode tackles the new custody rules that aim to solve market volatility. The hosts share their thoughts on how superficial and abetting conversation of custody rules can be used to mask adverse decisions and therefore create conditions for enhanced market volatility. They state their concerns that the hypocritical nature of embellished rules may be bypassed without an explanation if regulators do not favor the results.

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

This episode featured Stephanie Murphy, Andreas M. Antonopoulos and Adam B. Levine. It featured music by Jared Rubens and Gurty Beats, with editing by Jonas. Art for this episode was provided by Helen Cramer/Unsplash and was modified by Speaking of Bitcoin.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Rumors were flying around Bitcoin Twitter this weekend, but how much truth do they have?

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode, NLW digs into rumors that the Central African Republic has adopted bitcoin as legal tender. He also looks at Panama’s crypto legislation, which has moved forward out of committee. Overall, he explores the state of the nation-state adoption narrative of bitcoin and crypto.

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Adrienne Surprenant/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" hosts discuss Twitter reportedly nearing a decision on Elon Musk's takeover bid, Binance's Russia controversy and the $13 million NFT heist.

-

Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a Morgan Stanley report on Lightning Payments.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of “Long Reads Sunday,” NLW reads:

  • Cannabis and Crypto - Brett Harrison
  • Bitcoin is boring? - Jurrien Timmer
  • Morgan Stanley on Lightning - Alex Gladstein

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today's editing by Eleanor Pahl and Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: skodonnell/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus Coinbase launches its NFT features in beta.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW looks at:

  • Bitcoin spot ETF optimism in the U.S.
  • Australian spot ETFs coming next week
  • Coinbase’s new NFT features
  • Stripe adding crypto payouts

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" team discusses the launch of a new NFT lending platform to the Ukrainian Central Bank's ban on crypto purchases in local currency.

-

Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A primer on why the current housing shortage is related to, and different from, the pre-GFC housing crash.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Housing prices around the country are up 19.2% this year, and 30% since the beginning of the coronavirus pandemic. Videos of desperate couples and families lining up for open houses have become mainstays of social media. In today’s episode, NLW gives a primer on what’s going on and why the roots of the problem go back to the Global Financial Crisis.

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Paul Bradbury/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" team discusses the latest development of Elon Musk's bid to acquire Twitter and the report that Coinbase may be buying one of Turkey's oldest crypto exchanges BtcTurk.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at which countries are seeing outsized crypto gains relative to GDP.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on “The Breakdown,” NLW covers two topics. First, he looks at a new Chainalysis report on which countries realized the biggest crypto gains in 2021, and specifically how that list differs from the rank of countries by GDP. Second, he looks at new sanctions on mining firm BitRiver and what it means for the geopolitics of bitcoin mining.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Vasil Dimitrov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What happens when everything about the market is stuck in transition?

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode, NLW examines what he is calling “Crypto’s Liminal Phase.” He argues the crypto industry specifically and the macroeconomic landscape as a whole are in a transitional phase. In terms of crypto, he points to a transitory market cycle, regulatory discourse and mass adoption cycle as examples.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Jorm Sangsorn/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" discusses the prospect of the approval of a spot bitcoin ETF in the U.S. and the new feature added to MakerDAO that would address cost and congestion issues.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The report suggests capital controls be extended to digital assets.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode, NLW looks at the latest Financial Stability report from the International Monetary Fund. The report looks at how the war in Ukraine is impacting financial stability. NLW argues that it sends mixed messages on crypto – arguing that the war highlights a set of new risks arising from cryptocurrencies while also recognizing that the prognostications of sanctions evasion haven’t come to pass.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Al Drago/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" hosts discuss the rising popularity of algorithmic stablecoins, the successful debut of Moonbirds NFTs and Robinhood's move to buy U.K.-based crypto exchange Ziglu.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As crypto holdings grow in value, criminals are becoming ever-more creative and audacious in their attempts to steal it.

This episode is sponsored by Nexo.io.

Join 'Speaking of Bitcoin' hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy for a look at a recent insider-compromise at Mailchimp that put crypto holders in the crosshairs. In this episode we discuss what happened, what the scam was and three simple rules that, if followed, will help protect you from similar attempts.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

This episode featured Stephanie Murphy, Andreas M. Antonopoulos and Adam B. Levine. It featured music by Jared Rubens and Gurty Beats, with editing by Jonas. Art for this episode was provided by Brett Jordan/Unsplash and was modified by Speaking of Bitcoin.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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New analyst notes from Goldman Sachs and Deutsche Bank are pointing in a common direction.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on “The Breakdown,” NLW explores the growing chorus of economists who think the U.S. is headed towards a recession as the inevitable consequence of the Federal Reserve’s attempt to fight inflation. He also looks at the growing discourse around whether we’re headed toward a staflagtionary period of high inflation and low economic growth.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Hoowy/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It's crime time on “The Hash” as the team discusses North Korea's connection to the Ronin network hackers’ over $600 million exploit, the Beanstalk protocol exploit and on a lighter note, the fashion house Louis Vuittons’ new NFT collection.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A 2008-themed reading for “Long Reads Sunday.”

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of “Long Reads Sunday,” NLW reads Michael Casey’s “No, DeFi Is Not a Repeat of the 2008 Crisis.”

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: bedo/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus BlackRock leads a massive round for Circle.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW explores whether large firms – either from traditional finance or big tech – can be good actors in the Web 3 space? He specifically explores BlackRock’s Circle investment, Meta’s fee announcement and Epic Games’ new funding to build its own metaverse.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Michael Nagle/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" hosts discuss today's top stories ranging from Elon Musk's bid to take over Twitter for $54.20 per share to Solana's NFTs debuting on Rarible.

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Tesla billionaire has made a $40B+ offer to buy the company.

This episode is sponsored by Nexo.io, Arculus and FTX US.

The Elon Musk-Twitter saga continues! Today, Musk announced an offer to buy 100% of Twitter at $54.20 a share, saying that it was important for free speech and the company needed to be taken private to undergo necessary changes. NLW explores reactions to the announcement, from those who think a Twitter under Musk would be a huge boon to free speech to those who just aren’t buying it.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" hosts discuss today's top stories including why Ethereum core developer Tim Beiko thinks the merge will be later than expected, bitcoin's 4-year halving cycle might be coming to an end, and crypto mining in a small Argentinian town.

Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Will consumers buy because rising prices are just due to the Russian war in Ukraine?

This episode is sponsored by Nexo.io, Arculus and FTX US.

March saw the U.S.’ highest year-over-year inflation print since 1981, coming in at 8.5%. NLW explores why the discussion around inflation is taking an even more pitched and aggressive turn and how the market responded to the March numbers.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Sean Gallup/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" team discusses today's top stories, including the impact of record-high inflation on crypto, a Coinbase-produced film trilogy based on the story of The Bored Ape Yacht Club, Circle's latest $400 million funding round and more.

Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In a speech last week, the Treasury secretary discussed Satoshi and called Bitcoin's technology transformative.

This episode is sponsored by Nexo.io, Arculus and FTX US.

At the beginning of her tenure as Treasury secretary, Janet Yellen gave a number of indications that she was going to be a tough partner for crypto. In a speech last week, the industry got a glimpse of how much her tone had shifted. NLW explores how much this shift has to do with the Biden administration’s Executive Order on crypto as well as the possibility that it reflects a new understanding stemming from engaging with crypto in the context of sanctions on Russia.

-

From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Amanda Andrade-Rhoades/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From the Challenger space shuttle tragedy to the biggest Ponzi scheme in history, it’s often all too easy to ignore the obvious.

This episode is sponsored by Nexo.io.

The most shocking and surprising tragedies of the modern era… were actually the predictable consequences of obviously bad decisions. There are far fewer surprises and unforeseen twists than we would like to believe, and most disasters stem from known issues and small, obviously terrible choices.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

Album art courtesy of Jean-Philippe Delberghe on Unsplash

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"The Hash" team discusses today's top stories, including Elon Musk reversing his decision to join Twitter's board of directors, Coinbase suspending 'buy' orders in India, and the Luna Foundation Guard's bitcoin buying spree.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is “Neon Beach.“

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A survey of the state of CBDCs around the world.

This episode is sponsored by Nexo.io, Arculus and FTX US.

According to the Biden administration, more than 100 countries worldwide are working on central bank digital currencies. On today’s episode, NLW does a survey of the places that are farthest along and looks at the great power competition between China, Europe and the U.S. around CBDCs.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Francesco Carta fotografo/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of two essays on bitcoin mining as a strategic imperative.

This episode is sponsored by Nexo.io, Arculus and FTX US.

This week’s “Long Reads Sunday” features two essays on the strategic imperative of bitcoin mining.

Crypto Mining, the Energy Crisis, and the End of ESG - Nic Carter

Why Bitcoin Mining Is a Matter of National Security - Ben Caselin

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: South_agency/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Can Russia leverage energy exports to undermine sanctions?

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW looks at the latest news regarding Russia’s economy. Vladimir Putin is trying to leverage energy exports to prop up the ruble. But can he really make Europe and the rest of the world pay with rubles? And if he does, what are the implications for the U.S. dollar as a global reserve currency?

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Manuel Augusto Moreno/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The podcaster and author shares the story of Ethereum’s early days.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Laura Shin is the host of “Unchained,” one of the best known and longest running crypto podcasts. She is also the author of the new book “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze.” In today’s episode, she and NLW discuss the early days of Ethereum, including her theory on who was behind The DAO hack that ended up causing Ethereum to fork.

Find our guest on Twitter: @laurashin

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: FlashMovie/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A discussion draft of the bill was released by Sen. Pat Toomey.

This episode is sponsored by Nexo.io, Arculus and FTX US.

One of crypto’s biggest allies in the Senate, Pat Toomey (R-Pa.), has just released a discussion draft of a bill that would clarify stablecoin legislation. On today’s episode, NLW breaks down what the bill includes and why some in the crypto space are calling it a major step forward for financial privacy.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Kevin Dietsch/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The TradFi giant has launched not one but two monthly research reports.

This episode is sponsored by Nexo.io, Arculus and FTX US.

JPMorgan has launched two new monthly research reports on the crypto industry, including one on markets and one focused on bitcoin mining. In today’s episode, NLW breaks down the inaugural editions of each, and argues that they are another suggestion of the “post-narrative” phase of crypto institutionalization.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Benjamin Girette/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A big shift in tone, led by Chancellor of the Exchequer Rishi Sunak.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode, NLW explores the seeming about-face by the British government on crypto. He first explores the recent tension around a March 31 registration deadline imposed by the country’s Financial Conduct Authority (FCA) that has left many British crypto companies looking abroad. Then, he looks at news yesterday of a major push by the British Treasury to make the country into an innovation hub around crypto and digital assets – going so far as to say that they will mint an official NFT.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Justin Tallis/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Elon Musk’s $3 billion bet has many speculating about who might be unbanned.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Elon Musk has been talking about Twitter a lot lately. He did a poll asking whether it should make its algorithm open source (80% said “yes”). Another poll asked if Twitter lived up to the principles of free speech, and over 70% of more than 2 million respondents said no. With the announcement today that Musk had purchased a 9.2% stake in Twitter (more than 4x the 2.25% stake of co-founder and former CEO Jack Dorsey), everyone is speculating about what he might do about it.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Christian Marquardt/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of two pieces on Europe, technology and regulation.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of “Long Reads Sunday,” NLW reads:

On the EU Giving Up - Punk6529

Crypto Should Disrupt Current Anti-Money Laundering Practices, Not Adopt Them - Boaz Sobrado

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Rob Mitchell and Eleanor Pahl, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: artJazz/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The bitcoin community spent the week re-discovering bitcoin is for criminals and is boiling the oceans.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on the “Weekly Recap,” NLW looks at two old bitcoin FUDs that came roaring back with a vengeance. The “crypto is for criminals” narrative was built into the assumption that led the European Parliament to vote in favor of advancing strict new anti-money laundering (AML) rules with regard to crypto wallets. Meanwhile, Greenpeace, funded by the chairman of Ripple, decided to start a campaign to get Bitcoin to change its code to be more environmentally friendly.

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Zephyr18/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Expresso Systems strategist joins to discuss bitcoin, macro, politics and more.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on “The Breakdown,” NLW is joined by Espresso Systems co-founder and Chief Strategy Officer Jill Gunter. She is also an investor with Slow Ventures and the former co-founder of the Open Money Initiative. In this discussion, they cover:

  • The impact of Russia’s invasion of Ukraine on crypto and the global money system
  • The evolution of the crypto industry since the last crypto winter
  • Changing consumer expectations around privacy
  • And more

Find our guest on Twitter: @jillrgunter

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From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: paparazzit/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A vote in the EU parliament presents a new challenge for crypto on the continent.

This episode is sponsored by Nexo.io, Arculus and FTX US.

The EU Parliament today voted to advance new anti-money laundering (AML) rules that would require European crypto asset service providers to collect and verify information about the beneficial owners of all self-hosted (or “unhosted,” to use their terms) wallet owners. The crypto industry sees this as a fundamental threat to decentralized finance (DeFi) and many other parts of the industry. NLW explains sentiment on both sides and what happens from here.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: SEAN GLADWELL/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why the U.S. Treasury yield curve inverted and what it means.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Since 1955, every U.S. recession has been preceded by the inversion of the U.S. Treasury yield curve, meaning that short-dated notes had higher yields than long-dated bonds. Only one time during that period was this a false indicator. On today’s episode, NLW explores yesterday’s yield curve inversion and the market’s interpretation of what they think it means.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How can the barrier to entry to crypto be lowered so that everyone can take advantage of new technology?

Joining “New Money” hosts Spencer Dinwiddie and Solo Ceesay are OG reality stars Gabrielle Victor and Danielle Victor, better known as the “Victor Twins.” The twins have successfully monetized their life since their rise to popularity while on reality show “Bad Girls.” They’ve worked to be their genuine selves while posting to social media, and their fans love the authenticity that comes with their content. Even better, the two have found a way to monetize their personalities and daily lives through social media.

Though social media offers a legitimate career path for many creators today, they are still bound to the structure and income that platforms offer. With crypto and blockchain technology, creators can be empowered to determine their own worth. How can a future decentralized social media improve the lives of creators?

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is it geopolitics, a bid from a stablecoin project, or both?

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on “The Breakdown,” NLW looks at the last two days of bullish momentum and sentiment. Is it being driven by geopolitics and a broad recognition around the Russia-Ukraine war of bitcoin’s importance in a volatile world? Is it the market reacting to Do Kwon and Terra’s multibillion-dollar bid to build an asset reserve for the UST stablecoin? Or is it, like always, some combination of narrative and market structure?

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Senators Cynthia Lummis and Kirsten Gillibrand are teaming up on comprehensive crypto legislation.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode of “The Breakdown,” NLW looks at the news that long-time Bitcoin advocate Sen. Cynthia Lummis (R-Wyo.) is now working with Sen. Kirsten Gillibrand (D-N.Y.) on what aspires to be comprehensive crypto legislation. The addition of Gillibrand into the mix underscores the growing bipartisan support for Bitcoin and crypto. Additionally, four House Democrats have introduced the ECASH Act to keep privacy in digital money.

On this edition of the “Weekly Recap,” NLW looks at recent comments from the leader of the world’s largest asset manager on Ukraine and digital currencies, as well as other important updates from the crypto industry, including India’s passing of a finance bill with crypto taxation and El Salvador’s delay of their bitcoin bond.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Paul Morigi/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Revisiting the story of Yap and Rai stone money yields surprising new insights about bitcoin today.

This episode is sponsored by Nexo.io and Wrejects.com.

In this visit to one of the earliest pre-bitcoin examples of a very bitcoin-like technology, correspondent George Frankly learns some valuable lessons about where convenience, belief and control collide.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Wrejects Galactic Wrestling League is a play-to-earn, turn-based online fighting game, boasting a unique collection of fighters, all with their own special moves, strengths, weaknesses and artwork. Find out how you can get in on the action and be there for the first drop on March 31 at Wrejects.com.

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Album art courtesy of Einsamer Schütze, modified CC BY 4.0

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why we’ve been living in a monetary experiment.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of “Long Reads Sunday,” NLW reads two macro-themed Twitter threads.

Sam Bankman-Fried: Post-Modern Monetary Theory

Lyn Alden: The problem with leverage

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: OsakaWayne Studios/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at other key institutional, geopolitical and industry stories.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW looks at recent comments from the leader of the world’s largest asset manager on Ukraine and digital currencies, as well as other important updates from the crypto industry, including India’s passing of a finance bill with crypto taxation and El Salvador’s delay of their bitcoin bond.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Christopher Goodney/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How concerned with the USD’s role as reserve currency should we be?

This episode is sponsored by Nexo.io, Arculus and FTX US.

NLW explores how the global monetary order is shifting. Specifically, he looks at Putin’s demand that Russian energy now be paid for in rubles, as well as the growing discussion between Saudi Arabia and China to price Saudi oil in the yuan.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: detkov dmitrii/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is recession the only way out of inflation?

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode, NLW takes a tour of recent macro sentiment, focusing on the shifting tone coming out of the U.S. Federal Reserve. In speeches and interviews this week, Fed Chair Jerome Powell made it clear the central bank was prepared to raise rates 50 basis points at its next meeting if needed, and to do so at multiple meetings this year. While 50bps in the context of 7.9% inflation may not seem like a lot, the last time the Fed raised rates 0.5% in a single meeting was March 2000.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Samuel Corum/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at recent crypto news from the U.S., El Salvador, India, Thailand and more.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today NLW looks at global crypto news, including:

  • El Salvador’s bitcoin bond delay.
  • Florida Governor DeSantis’ comments about accepting crypto for taxes.
  • New York moves forward with a mining moratorium.
  • India’s crypto tax policy to be passed in legislation this week.
  • Thailand bans crypto for payments.
  • How bitcoin is being used by Ukrainian refugees.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Joe Raedle/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“You don’t need to be all the way into crypto, but you do need to know that crypto is here to stay.”

In this episode of “New Money” with hosts Spencer Dinwiddie and Solo Ceesay, sports and big tech collide. The hosts are joined by former WNBA player Imani McGee-Stafford, linebacker Foye Oluokun of the Atlanta Falcons and Renee Montgomery, retired WNBA player and co-owner of the Atlanta Dream.

The guests discuss the importance of learning about the financial pathways for professional athletes. More and more, investing in crypto is being discussed in the locker rooms and on the field as an opportunity for athletes to build their wealth during and after their sports careers.

Lastly, the guests consider the rise of NFTs and many ways athletes can take advantage of this new technology. As the barrier to entry for NFT creation lowers, a larger swath of athletes will be able to memorialize their personal brand and top moments in their sport careers.

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest in the institutional push into crypto markets.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on “The Breakdown,” NLW looks at the latest institutional moves into crypto, including an over-the-counter (OTC) transaction between Goldman Sachs (GS) and Galaxy (the first of its kind with a major U.S. bank), as well as reports that Ray Dalio’s Bridgewater hedge fund is soon to make an investment into a crypto fund. NLW also looks at why Dalio, with his focus on a “changing world order,” makes sense as a crypto investor.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Jeenah Moon/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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El Salvador’s “Volcano Bond” approaches as the IMF makes Argentina agree to discourage crypto.

This episode is sponsored by Nexo.io, Arculus and FTX US.

As many in geopolitics and economics try to understand how the world global order is shifting in the wake of Russia’s invasion of Ukraine and the resulting sanctions (see The Bretton Woods III Thesis), one battleground is the International Monetary Fund versus new forms of debt financing. On today’s episodes, NLW looks at:

  • Why El Salvador’s “Bitcoin Bond” is being delayed, and why it is being issued by a state-owned energy firm
  • The IMF’s latest agreement with Argentina, and why it focuses on disincentivizing the use of crypto
  • The Malaysian Communication Ministry’s suggestion the country makes BTC legal tender

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: btgbtg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Summaries of two major conversations around the history and future of money.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of “Long Reads Sunday,” NLW reads two threads from Alex Gladstein that summarize big-think discussions on the history and future of money. The first is a summary of Luke Gromen’s appearance on “The Grant Williams Podcast.” The second is a discussion of Lyn Alden’s essay “What is Money.”

Gladstein on Gromen - twitter.com/gladstein/status/1504158472513929227

Gladstein on Alden - twitter.com/gladstein/status/1502708298302177281

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Paul Yeung/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A panel of experts explained that crypto was doing more to undermine Putin than help him.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW discusses a set of regulatory discussions happening around crypto this week, including:

  • A letter from eight congressmen asking the SEC for clarity around its crypto enforcement practices.
  • Thursday’s crypto sanctions hearing.
  • New legislation from Sen. Elizabeth Warren that would give the Treasury sweeping powers around crypto.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Tom Williams-Pool/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Yuga Labs power move could reshape the NFT space forever.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode, NLW goes deep on the implications of Bored Ape Yacht Club’s parent company Yuga Labs buying CryptoPunks IP. Specifically, he focuses on the community’s questions of commerce versus culture. Will the new commercial freedom Punks’ owners have been bestowed lead to cringe commercialism or new types of creative expression? NLW also covers the launch of ApeCoin.

Read Punk 6529’s thread: twitter.com/punk6529/status/1502595586960367617

Cozomo’s thread: twitter.com/CozomoMedici/status/1503494796509257728

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Paul Yeung/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is a 25 basis point hike enough to stem the impact of inflation?

This episode is sponsored by Nexo.io, Arculus and FTX US.

Wednesday, the U.S. Federal Reserve increased its benchmark interest rate for the first time since 2018. This came despite an increasingly volatile economic landscape that includes the fallout from Russia’s invasion of Ukraine plus the supply chain impacts of COVID-19 shutdowns in China. NLW breaks down the market’s reaction to the anticipated hike, and explores how quantitative tightening is likely to proceed from here.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at recent news from around the crypto industry.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On today’s episode, NLW looks at recent crypto industry news, including:

  • Yuga Labs’ purchase of CryptoPunks and Meebits
  • A leak deck about Yuga’s metaverse ambitions
  • HSBC becomes the first bank in The Sandbox
  • Fundraising from ConsenSys and an ex-Meta team
  • The mayors of Miami and New York City say “HODL”

-

Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: PM Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“The sooner you hop on, the better,” Biddl3 says.

In this episode of “New Money,” hosts Spencer Dinwiddie and Solo Ceesay are joined by recording artists Biddl3, actress GG Townson and producer Carey. The three explain their corners of the entertainment world, contributing their unique views on the challenges of the industry.

The guests see social media as a powerful tool to advance their careers and reach worldwide audiences. They aren’t afraid of new technologies, either: Biddl3 believes that those who “are ahead of the curve, or are quick to adapt, are the ones who succeed” when it comes to the rapidly advancing tech of communication in the modern era of social media.

If these three recognize the utility and power of social media for their professions, will they be equally accepting of the advancements that crypto and blockchain technology can provide to fan-creator relationships?

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is more inflation on the way as key parts of the global supply chain become impacted?

This episode is sponsored by Nexo.io, Arculus and FTX US.

Over the past few weeks, China has instituted partial or full lockdowns in Shanghai, Jilin, Shenzhen and other cities. While this story is barely being covered in mainstream media, the crypto and finance communities are concerned that these lockdowns could lead to even more supply chain disruptions at an extremely vulnerable moment for the global economy.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: wonry/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“Dare to Be Stupid” explores situations where technically superior products turn out to be woefully impractical.

This episode is sponsored by Nexo.io and Wrejects.com.

Sometimes, more is less, better is worse, and blatantly superior products fail to overcome their competitors. On this episode of “Dare to Be Stupid,” correspondent George Frankly explores right answers to wrong questions.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Wrejects Galactic Wrestling League is a play-to-earn, turn-based online fighting game, boasting a unique collection of fighters, all with their own special moves, strengths, weaknesses and artwork. Find out how you can get in on the action and be there for the first drop on March 31 at Wrejects.com.

-

Credits

This episode was written, edited and performed by George Frankly with additional production assistance from Rob Mitchell and Eleanor Pahl. Music for this episode was provided by Gurty Beats, Jared Rubens and Sam Barsh. Image for this episode is by Ric Matkowsk on Unsplash, modified by “Speaking of Bitcoin.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What today’s vote in the European Union Parliament means for Bitcoin.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today the European Union Parliament ECON committee voted on an amendment to the Markets in Crypto Assets (MiCA) directive that would have effectively amounted to a ban on proof-of-work chains. NLW breaks down the history and context of the amendment and recaps what happened during the vote.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: titoOnz/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An inflection point in the geopolitical order.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this week’s “Long Reads Sunday,” NLW reads and discusses Nic Carter’s “America’s Quiet Default.”

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus South Korea’s new president on crypto.

This episode is sponsored by Nexo.io, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW wraps up the week with a look at a growing macro discourse around the possibility of recession, along with catching up on important stories in crypto including the election of a new, pro-crypto president in South Korea.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: mikroman6/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is the world entering a new monetary order?

This episode is sponsored by Nexo.io, Arculus and FTX US.

Earlier this week, Credit Suisse strategist Zoltan Pozsar published a research memo titled “Bretton Woods III” that argued the West’s Russia sanctions were an inflection point moment that would push the world economy into a new world monetary order. In this episode, NLW breaks down the argument, shares some counterpoints and explores what it all has to do with bitcoin.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Hulton Archive/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Inflation hits 7.9% and gets more political than ever.

This episode is sponsored by Nexo.io, Arculus and FTX US.

The U.S. inflation print ran hot again last month, hitting 7.9% year over year and the highest in four decades. In this episode, NLW breaks down the numbers within the numbers. He also previews the evolving politics around inflation and how Russia’s invasion of Ukraine has made inflation even more front and center in the global economy.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso , research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Joe Buglewicz/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Lots of studies, no onerous rulemaking.

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today, after months of speculation, President Biden signed and released his executive order on crypto. The contents of the order have been subject to significant debate, with some arguing that it would spell the beginning of the end for the U.S. crypto industry. So, were the doomsayers right? Tune in to today’s episode of “The Breakdown” to find out.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Ting Shen/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Gamers have been familiar with online marketplaces and in-game currencies for years now. They’ve been exchanging fiat currencies for digital, in-game money, character skins, mods, all tools to enhance the gaming experience.

Maybe that’s why the gaming community is uniquely primed to take on crypto. Popular gaming experts Denver Moore, known as “That Denver Guy,” and Cole Rodey from The Rodey Bros join forces on this episode of “New Money” with Spencer Dinwiddie and Solo Ceesay to discuss the lifestyle, hustle and future of gaming. The two exchange stories of their triumphs and struggles throughout their streaming journeys and reveal their thoughts on crypto.

Crypto and blockchain technology can bring new and much-needed opportunities for streamers to connect with their worldwide fanbase in unique ways. Is the global network of creators ready to embrace all that crypto offers?

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Andre Cronje is leaving. Does that mean DeFi winter?

This episode is sponsored by Nexo.io, Arculus and FTX US.

One of DeFi’s best known developers, Andre Cronje, has left the industry. In this episode, NLW looks at how the markets and the broader crypto community are reacting to the news. In particular, he explores the shifting tone within the sector. Does this dev’s departure make a protracted winter more likely?

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Ja_inter/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Netflix and TikTok also restricted services in the country.

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

Today on “The Breakdown,” NLW looks at Russia’s increasing economic isolation. Visa, Mastercard and PayPal all announced their plans to stop servicing the country while Netflix and TikTok also restricted access, citing new “fake news” laws. Meanwhile, the world is grappling with higher prices of key Russian export commodities, such as oil and wheat.

-

Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Andrey Rudakov/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As the second week of Russia’s invasion of Ukraine begins, questions continue to arise surrounding crypto’s complexities in a wartime environment alongside broader questions about the future of money.

This episode is sponsored by Nexo.io and Wrejects.com.

On this episode of “Speaking of Bitcoin,” hosts Adam B. Levine, Stephanie Murphy and Jonathan Mohan dive into two critical questions about financial freedom and responsibility.

The first question surrounds an emerging narrative of sanction evasion. Could bitcoin even be an effective tool for a nation state to use to evade sanctions, given crypto’s relative market size to a nation’s reserves? Even further, how effective are these sanctions at all?

The second question lies in the distinction between rights versus privileges for financial freedom. Do nation states or individuals have a right to transact, or is interacting with larger financial systems a privilege that can be revoked by whoever operates the system?”

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Wrejects Galactic Wrestling League is a play-to-earn, turn-based online fighting game, boasting a unique collection of fighters, all with their own special moves, strengths, weaknesses and artwork. Find out how you can get in on the action and be there for the first drop on March 31 at Wrejects.com.

-

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A discussion of the long-term implications of sanctions.

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

This week on “Long Reads Sunday,” NLW reads and discusses “Bitcoiners Were Right: Weaponized Finance Just Created a Post-Dollar Planet” by David Z. Morris.

-

Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Steven Puetzer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A review of key bitcoin and crypto narratives.

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

On this edition of the “Weekly Recap,” NLW checks in on the state of key bitcoin, crypto and economic narratives, from bitcoin’s institutional bid to bitcoin as legal tender to inflation as transitory.

-

Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Marc Bruxelle/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Despite some elected officials’ questions, Treasury seems to agree.

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

Today on “The Breakdown,” NLW looks at scrutiny around sanctions and the crypto industry. He talks about three situations that show the state of the discourse:

  1. Recent statements by the Treasury Department and the National Security Council suggesting they’re not overly concerned Russia can use crypto to escape the pinch of sanctions

  2. Elizabeth Warren’s letter asking Treasury are they sure about that

  3. Key Ethereum infrastructure blocking Iranian and Venezuelan users

-

Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Andrey Rudakov/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What the country’s crypto fundraising tells us about the future.

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

Over the last week, the government of Ukraine has held one of the most successful fundraising efforts of all time. It has raised over $50 million in crypto from over 100,000 donation transactions. On today’s episode, NLW tells the story of how the donation campaign started, how the promise of an airdrop super-charged the effort and the fallout from the country’s decision not to go through with the airdrop. Moreover, he discusses the new ethical considerations of donating directly to war efforts.

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Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Jeff J Mitchell/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A check-in on crypto’s institutional narrative.

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

While much of the recent focus of “The Breakdown” has been on the relationship between crypto and geopolitics, today’s episode revisits the institutional narrative that drove industry adoption in 2020 and 2021. NLW looks at Citadel CEO Ken Griffin’s recent comments on crypto, numerous TradFi execs taking jobs in crypto and a Big Four accounting firm buying NFTs to position itself to help with corporate NFT strategy.

-

Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Christopher Dilts/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Social media has given individuals new ways to connect with a global audience. These influencers are using that reach to inspire and encourage their followers.

Joining “New Money” hosts Spencer Dinwiddie and Solo Ceesay are Naya Rose, basketball non-profit organizer and influencer; Jake Bain, LGBT advocate and football player; and Chef Hoppie, celebrity chef for pro athletes like the Cowboys’ Ezekiel Elliott. Though each influencer’s domain is very different from the others, they all share a similar goal: to use their social currency to inspire the next generation.

The influencers each encourage their followers to “be yourself in your full capacity,” as Naya puts it, and to believe in their dreams. The guests lead by example and use their platforms to spread messages encouraging their followers to be their truest selves, no matter what. How can this kind of encouragement be improved by crypto and blockchain technology as the concept of peer-to-peer is taken to the next level?

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Ukraine’s resistance has seen more than $30 million in direct crypto donations.

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

On today’s episode, NLW looks at the contrasting public images of crypto regarding the Ukraine-Russia war. On the one hand, the Ukrainian resistance has raised more than $30 million from more than 26,000 crypto donations while traditional fundraising platforms block similar efforts. On the other, some politicians and media are raising the specter of bitcoin and crypto as a way for Russian leaders to minimize the impact of sanctions. Which perspective on crypto is more correct as this generational conflict unfolds?

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Cigdem Hizkan/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest in the economic dimension of the conflict.

This episode is sponsored by Nexo, Arculus and FTX US.

Today on “The Breakdown,” NLW looks at what we learned over the weekend about the U.S. and European Union’s response to the Russian invasion of Ukraine. The West significantly increased its economic pressure on Russia, removing some banks from SWIFT as well as freezing the foreign reserve assets of Russia’s central bank. As Monday dawned, the Russian ruble was sent tumbling, major Western corporations were withdrawing their investments from Russia, and Putin and Russia began their economic counters as well.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

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Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Diego Puletto/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of Speaking of Bitcoin, join hosts Stephanie Murphy, Jonathan Mohan and Adam B. Levine for the inside story on AssangeDAO.

This episode is sponsored by Nexo.io.

Wikileaks co-founder Julian Assange is a figure who inspires strong passions. Seen by some as a hero and others as a traitor, this time the hosts are joined by pseudonymous organizers Rose and Stellar Magnet for a look at what really happened and what comes next.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

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Credits

This episode was edited by Jonas, with additional production assistance by Adrian Blust. Music was provided by Jared Rubens and GurtyBeats.com. Photo by Guy Smallman/Getty Images News.

Any questions or comments? Send us an email at adam@speakingofbitcoin.show

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of different takes from Twitter.

This episode is sponsored by Nexo, Arculus and FTX US.

On this week’s “Long Reads Sunday,” NLW reads three threads about Russia-Ukraine:

  • "Why You Were Wrong About Ukraine and Will Be Again" by Konstantin Kisin
  • Autocrats are crazy, with Melissa Chan
  • Protests, with Sam Greene

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Alessandra Benedetti/Corbis News/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The more politicians get invested, the harder it will be.

This episode is sponsored by Nexo, Arculus, and FTX US.

This week on the “Weekly Recap,” NLW looks at the rising partisan tension around bitcoin, highlighting Sen. Ted Cruz’s recent appearance at the Conservative Political Action Committee conference.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Joe Raedle/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The founder of Bitcoin for Fairness shares her perspective.

This episode is sponsored by Nexo, Arculus, and FTX US.

Today NLW is joined by Anita Posch. Anita is the founder of Bitcoin for Fairness and the author of “(L)earn Bitcoin.” She is about to depart on a trip to southern Africa where she will conduct bitcoin education workshops and seminars while also learning from and collaborating with local grassroots bitcoin and blockchain organizations.

Follow Anita on Twitter: @AnitaPosch

Learn more about Bitcoin for Fairness: bffbtc.org

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Alexander Sanchez/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From sanctions to Bitcoin to the Fed.

This episode is sponsored by Nexo, Arculus, and FTX US.

In the wake of Russia’s invasion of Ukraine, NLW explores 15 key economic questions including:

  1. Why isn’t the world going even bigger on sanctions?

  2. How is Russia’s economy tied to the rest of the world?

  3. Why isn’t Russia scared of sanctions?

  4. Will Russia retaliate by cutting off the world from its exports?

  5. Will we see SWIFT sanctions?

  6. Is there concern in the U.S. that SWIFT sanctions could threaten the U.S. dollar’s status as a global reserve?

  7. What alternatives to SWIFT exist?

  8. Does this put Bitcoin in the spotlight and shed new light on Russia’s legalization/regulation?

  9. Does this situation risk the politicization of Bitcoin?

  10. How does this change the discussion of CBDCs and stablecoins?

  11. Why did the price of BTC drop and will we see the other side?

  12. How does this change the Fed’s calculus about quantitative tightening?

  13. Does this change the discussion around green energy?

  14. What about China and Taiwan?

  15. Is there any possibility of sanctions actually working?

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Rob Mitchell and Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Jeff J Mitchell/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus updates from Russia and Canada.

This episode is sponsored by Nexo, Arculus, and FTX US.

Today on “The Breakdown,” NLW looks at:

  • The latest from Russia, including skepticism about the effectiveness of the first round of sanctions
  • Updates on Canada’s use of the Emergencies Act to freeze protest-associated bank accounts
  • Why the UST stablecoin has announced a $1 billion bitcoin reserve

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: peepo/E+/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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These lifestyle influencers reveal the secrets to making money through a phone.

Joining “New Money” hosts Spencer Dinwiddie and Solo Ceesay are Kiara Nichole, Jourdan Riane, Yanna and Adrianna, four influencers who have hit it big on Instagram. From timing to lighting, these four know the ins and outs of creating the perfect social media post.

Once the post is up, what next? How can influencers invest their money to best support their futures?

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by TurboTax Live and Metapurse.fund.

The integration of NFTs, blockchain technology and the metaverse has spawned incredible opportunities for creators to take back the power of their art. “This is the baby steps towards that liberation of a creator where they’re going to have more control, but at a cost,” Deadmau5 says.

What is that cost? Though the opportunities of crypto for creators are great, where is the technology lacking?

This episode of “NFT All-Stars,” hosts Artnome and Marguerite deCourcelle are joined by expert panelists Jenny Guo and BT to interview two entertainers looking to integrate crypto into their art.

First, Hannibal Buress provides a comedian’s perspective on the developing NFT subculture Deadmau5 joins next to analyze how NFTs might change the relationship between musicians and fans. Both guests underscore the need for better education and onramp tools for crypto, a necessary element before mass adoption can occur.

Watch the full episode here.

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TurboTax Live can match you with the right expert who has experience in your unique situation and can answer all of your tax questions. They can even take care of the whole filing process for you to get you the tax deductions you deserve. Visit turbotax.com to learn more.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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While much is unknown, many are anticipating big impacts on energy.

This episode is sponsored by Nexo, Arculus, and FTX US.

Monday, President Vladimir Putin announced Russia’s recognition of two breakaway territories in the Ukrainian region of Donbas. The recognition was widely seen as a major escalation of the tense standoff that has dominated global geopolitics so far this year. On today’s episode, NLW provides a recap of the latest news and looks at how markets are responding. Spoiler alert: Everyone is focused on energy.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Mikhail Svetlov/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin is a tool for social justice.

This episode is sponsored by Nexo, Arculus, and FTX US.

This week on “Long Reads Sunday,” NLW reads “Why Bitcoin Is a Tool for Social Justice” by Charlene Fadirepo.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Photo by Vasil Dimitrov/E+/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus the FBI has announced a new crypto enforcement division.

This episode is sponsored by Nexo, Arculus, and FTX US.

On this edition of the “Weekly Recap,” NLW looks at:

  • a new valuation for Circle
  • a new token fund from Sequoia
  • The FBI’s new crypto enforcement division
  • ConocoPhillips partners with bitcoin mining to reduce flaring

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Photo by Andrew Burton/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at the political debates around inflation.

This episode is sponsored by Nexo, Arculus, and FTX US.

On today’s episode, NLW looks at the increasingly political discourse around inflation in the United States. The Right is claiming government overspending is to blame while the Left is pushing a new narrative of corporate price gouging. Whatever the case, some commentators are proposing increasingly exotic approaches to solving the inflation issue.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Photo by Kevin Dietsch/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus the latest from Ukraine and Canada.

This episode is sponsored by Nexo, Arculus, and FTX US.

Today on “The Breakdown,” NLW looks at three geopolitical situations shaping the bitcoin discourse:

  • Continued tensions and recent cyberwarfare between Ukraine and Russia
  • Crypto wallets targeted in ongoing Canada protests
  • A U.S. bill to investigate El Salvador’s bitcoin adoption and the risks it might pose to the U.S. dollar

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Alex Peña/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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But does this highlight adoption, risk or both?

This episode is sponsored by Nexo, Arculus, and FTX US.

On today’s episode, NLW looks at the news that JPMorgan has opened a lounge in Decentraland. Specifically, he explores whether the growing corporate interest in the metaverse is a positive reflection on the accessibility of the metaverse, or if it should also represent a warning to a Web 3 community that is dreaming of an open, permissionless new internet. The episode also looks at two recent bills in Congress, one which would help preserve consumers’ ability to self-custody their digital assets, and one that would draw reserve guidelines around stablecoins.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Nathan Laine/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Blockchain tech is enabling direct fan-to-artist relationships and can bring the power back to the artists.

If you’re a big artist signed to a big label, there’s a high chance that label will have significant control over your music, production, tours, releases and more. R&B legend Mario knows this better than anyone because he’s recently transitioned from a major label to working as an independent artist.

Mario joins “New Money” hosts Spencer Dinwiddie and Solo Ceesay to pull the curtain back on the inner workings of the music industry, revealing the secrets of streaming, music rights and the problems that come with the centralization of music.

Blockchain technology might just present a solution for artists. Mario envisions a future where a label or social media platform cannot limit or control the income of the creators. The question remains: How soon can artists expect this future?

Instagram: @marioworldwide

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by TurboTax Live and Metapurse.fund.

On this episode of “NFT All-Stars,” host Artnome (Jason R. Bailey) is joined by Ed Young, co-founder of The Source magazine and owner of NFT.hiphop, to interview long-time record mogul, entrepreneur and art collector Damon Dash.

Alongside Dash’s background in the record industry as co-founder of Roc-A-Fella Records, he also has extensive experience managing art galleries all over the world. Dash’s time spent working with creators made the challenges – and pitfalls – of the traditional art world apparent to him.

Dash has turned his attention to non-fungible tokens (NFT), where he sees immense potential benefits and opportunities for visual and musical artists. Cutting out the intermediaries often present in artist management can improve an artist’s financial and creative control over their work.

The NFT space continues to explode as more and more uses for NFTs become in use. Big names are recognizing their potential.

Watch the full episode here.

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TurboTax Live can match you with the right expert who has experience in your unique situation and can answer all of your tax questions. They can even take care of the whole filing process for you to get you the tax deductions you deserve. Visit turbotax.com to learn more.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As the Canadian government claims emergency powers, people are discussing the implications for financial freedom.

This episode is sponsored by Nexo, Arculus, and FTX US.

Today on “The Breakdown,” NLW digs into the recent news from Canada. Specifically, he looks at the activation of the Emergencies Act which, among other things, will allow banks and financial institutions to freeze the funds of citizens suspected to be involved in the protests – without due process and without liability. The action is drawing serious ire and shining a light on the importance of alternative financial systems.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

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Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Gavin John/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It has been a busy few days for crypto in Washington, D.C.

This episode is sponsored by Nexo, Arculus, and FTX US.

Today on “The Breakdown,” NLW covers a set of news from the past few days, including:

  • U.S. Treasury Dept. sends a letter to six concerned senators, saying it won’t be including miners and validators in the agency’s definition of a broker
  • BlockFi settles with the SEC
  • YouTube and OnlyFans get deeper into crypto and NFTs
  • Crypto and geopolitics from New Hampshire, El Salvador and Europe

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Khaichuin Sim/Moment/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of Speaking of Bitcoin, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan for a discussion about the origins and evolution of Bitcoin maximalism.

This episode is sponsored by Nexo.io.

Bitcoin maximalists – the self-described pro-Bitcoin, anti-altcoin faithful – have been around for longer than most modern crypto projects. The term was coined by Vitalik Buterin prior to Ethereum's release. Buterin intended the term to be a direct criticism of individuals with an unwavering view that Bitcoin was the only true option for cryptographic token usecases.

In this episode as we explore the phenomenons' motivation and roots, we also draw from Speaking of Bitcoin's extensive library. It features the very first recorded explanation of why there should only be one cryptocurrency and why should be bitcoin as explained by Hashcash inventor and bitcoin developer Adam Back . That clip is excerpted from episode 33 (December 2013) before Adam became personally involved. It's a fascinating journey and one you won't want to miss.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

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Credits

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Adam B. Levine and music by Gurtybeats.com. Our episode art was created by Adam B. Levine/pixelmind.ai

Any questions or comments? Send us an email at adam@speakingofbitcoin.show

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A sample of the most interesting threads from Crypto Twitter.

This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.

On this edition of “Long Reads Sunday," NLW reads three threads:

  • Justin Kan on why NFTs are a better business model for games
  • RAC on what NFT skeptics should know
  • Chris Burniske on the 2022 crypto outlook

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Paul Yeung/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Hearings in the House and Senate were thoughtful and productive.

This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.

This week saw a hearing on stablecoins in the House and on crypto in general and the role of the CFTC in specific in the Senate. On this edition of the “Weekly Recap,” NLW argues that both were thoughtful, productive and suggest that U.S. lawmakers are engaging with crypto like never before.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Alex Wong/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Sticking it to the U.S., a hedge against China or both?

This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.

On today’s episode, NLW explores possible reasons why Russia’s recent 180 on cryptocurrencies might make sense. As the country prepares to legalize and regulate cryptos as a type of currency, he looks at things from the lens of Russia’s relationship with the U.S. and desire to avoid being cut off from the SWIFT network, as well as from the lens of Russia’s relationship with China, and China’s (possible) desire to have a non-sovereign alternative to a future digital yuan.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: masterSergeant/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto is being driven in different directions by different market forces.

This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.

Today Twitter was alight with discussion of the biggest inflation print since 1982. With 7.5% inflation, a hike of 50 basis points is looking more and more likely in March. This should be bad news for risk assets. On the other hand, bitcoin and crypto are being buoyed by other macro forces. Notably, news broke yesterday that the world’s largest asset manager, BlackRock, is likely to begin allowing clients to trade crypto. As many have pointed out – it’s hard to be bearish when that type of adoption is happening. So which of these forces have a stronger impact on bitcoin and crypto?

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Spencer Platt/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An interview with the former Bitfinex head of community and product.

This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.

Yesterday the U.S. government arrested two individuals in connection with money laundering and the 2016 Bitfinex hack that saw nearly 120,000 BTC stolen. They also announced the confiscation of around 94,000 of the purloined BTC - worth about $3.6 billion today. On today’s episode, NLW is joined by Zane Tackett, who was the director of community and product development during the Bitfinex hack in August 2016. Zane shares what the experience was like and his perspective on how the industry has changed.

Find our guest on Twitter: @tackettzane

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: wenjin chen/DigitalVision Vectors/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“The value in my brand is a really high-quality product.”

Austin Mills, a TV host for NBA Entertainment, joins “New Money” hosts Spencer Dinwiddie and Solo Ceesay to give viewers a backstage peek into the challenges and daily tasks of being a video content creator. Mills, a former Baylor University basketball player, is an extremely talented producer and has noticed significant payoff to improving the production quality in his content.

Recognizing the unique value a personal brand presents can hugely improve content reach. Enhancing and advancing that content even further will improve the outcome.

Outside of his production work, Mills has an interest in investments. He began investing in startups at the start of the COVID-19 pandemic and has been invested in bitcoin since 2016. Mills’ strategy: “I like to risk, but I like to take safe risks.” Listen to learn more about Mills’ interest in crypto and NFTs.

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/Coindesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by TurboTax Live and Metapurse.fund.

“This space has changed my life. I’ve met people that make me feel understood for when so long I just thought the world was cruel … Now I’ve found my people.”

19-year-old NFT artist FEWOCiOUS joins “NFT All-Stars” hosts Artnome and Marguerite deCourcelle for a conversation on how NFTs have opened up access to the art world like never before. FEWOCiOUS explains the importance of art to him as a young, transgender artist and how his journey changed when he sold his first NFT. His career has exploded since then, and he recounts a recent high point with his series “Hello, i'm Victor (FEWOCiOUS) and This Is My Life” that went to auction at Christie’s in 2021.

Watch the full episode here.

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TurboTax Live can match you with the right expert who has experience in your unique situation and can answer all of your tax questions. They can even take care of the whole filing process for you to get you the tax deductions you deserve. Visit turbotax.com to learn more.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The tax and accounting giant’s Canada division adds bitcoin and ETH to its balance sheet.

This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.

KPMG Canada announced Monday it added BTC and ETH to its balance sheet, as well as buying carbon credits to offset its new environmental impact. On today’s episode, NLW explores how the market and crypto community are reacting to the news, and why it may actually be more significant in the long term than Tesla’s buy from a similar time last year.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Miguel Pereira/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bitcoin back over $40,000. ETH above $3,000. Will it last?

This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.

At the end of last week, bitcoin reversed a couple months of downward momentum and reclaimed $40,000. Now, as momentum builds, the community is wondering whether this is a temporary reprieve or a fundamental turn back to the bullish. NLW shares a variety of opinions from across the crypto world.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

MELD is building the first-ever decentralized, non-custodial crypto to fiat lending and borrowing solution that will allow its users to lend and borrow both crypto and fiat currencies seamlessly. Users can stake MELD directly on the MELDapp, which will allow for governance voting for new protocol improvements, insuring the protocol, and earning up to 15% APY in MELD rewards. Start using MELD today at app.meld.com.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: strelss/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of two privacy-themed opinion articles.

This episode is sponsored by Nexo, Arculus and FTX US.

On this week’s “Long Reads Sunday,” NLW reads:

Bitcoin Protects Privacy and Fights Oppression – Murtaza Hussain

Don’t Let Web 3 Repeat Web 2’s Mistakes – Tor Bair

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Sean Gladwell/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A wild week in markets suggests more volatility ahead.

This episode is sponsored by Nexo, Arculus and FTX US.

On this edition of the “Weekly Recap,” NLW looks at Meta’s big flop in the equities markets and how it's spilling over into crypto metaverse tokens. He also looks at the Boston Fed’s CBDC research and recaps the Wormhole exploit.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Michael Nagle/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A discussion ranging from CityCoin news to next-decade trends.

This episode is sponsored by Nexo, Arculus and FTX US.

Patrick Stanley is the former Head of Growth at Stacks, the founder at Freehold and a contributor at CityCoins. In this conversation, he and NLW discuss one of the biggest trends for the coming decade – the geopolitical competition for talent and resources and how crypto is shaping that battle.

Find our guest on Twitter @PatrickWStanley

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Danny Lehman/The Image Bank/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A lawsuit and a new bill could change the system.

This episode is sponsored by Nexo, Arculus and FTX US.

Two Tezos stakers sued the IRS to get back taxes paid on property they say they created through staking. The IRS offered to pay them back but didn’t commit to clear policy guidance. The stakers will now continue the suit, and they’re being backed by the Proof of Stake Alliance. NLW also examines a new bill that would eliminate taxes on bitcoin transactions with capital gains under $200.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Constantine Johnny/Moment/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The annual budget presentation to Parliament discussed a 30% tax on crypto profits.

This episode is sponsored by Nexo, Arculus and FTX US.

One of the key themes for 2022 is the relationship between governments and the crypto industry. On today’s show, NLW looks at the latest from India, one of the countries with the highest degree of speculation on whether banning or regulation is the path forward. The regulatory and legalization path got a big boost earlier this week during the finance minister’s annual presentation of the budget to Parliament. NLW also covers Russia’s seeming path to regulatory integration of crypto, as well.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: btgbtg/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Twitter, Instagram, YouTube, TikTok: Which to Choose? With so many popular social media platforms today, content creators may feel lost in the sea of apps.

Chaz Smith, Eric Struk and Chozus join “New Money” hosts Spencer Dinwiddie and Solo Ceesay to weigh in on the benefits and challenges of the many social media platforms. These influencers take a methodical approach to their content, homing in on their audience, branding and “it” factors. Each creator’s unique talents are represented better by one platform or another, and identifying that selection is a key step towards success.

Outside of gathering audiences on these platforms, Chaz, Eric and Chozus have identified a difference in the brand treatment received across platforms. There’s a legacy respect embedded in YouTube that often results in higher payouts for creators.

Listen to learn more about which platforms are best for creators at every stage of success.

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/Coindesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by TurboTax Live and Metapurse.fund.

NFTs have exploded in popularity in the past year. But what are they, really?

“NFT All-Stars,” CoinDesk’s new animated series, brings together a star-studded panel of investors, curators and innovators to debate, explain and laugh about all things NFTs. The hosts are the true OGs of NFTs: Blockade Games CEO Marguerite deCourcelle, EDM innovator, DJ, and NFT artisan BT, ClubNFT CEO Artnome, and Highstreet co-founder Jenny Guo.

Joining this episode is Pete Holmes, stand up comedian well known for "The Pete Holmes Show" and "Crashing.” Holmes and the hosts imagine the possibilities for NFTs in the entertainment industry. Last year, Homes embarked on a NFT-comedy fusion exploration with "Non-Fungible Jokin'," the world's first live NFT comedy special.

NFTs were all the rage in 2021, with digital collectibles like Bored Apes and CryptoPunks rapidly becoming status symbols for the new rich. Then, the digital and traditional art worlds collided head-on when a Beeple collection sold for millions at Christie's.

NFT visionaries have since pushed the boundaries of what is possible with the new technology, creating NFTs for almost every creative project imaginable. What’s next?

Watch the full episode here.

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TurboTax Live can match you with the right expert who has experience in your unique situation and can answer all of your tax questions. They can even take care of the whole filing process for you to get you the tax deductions you deserve. Visit turbotax.com to learn more.

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Markets were down, fundraising was up and regulatory intrigue was everywhere.

This episode is sponsored by Nexo, Arculus and FTX US.

Today on “The Breakdown,” NLW looks at what the first month of the year taught us about what to expect in 2022. Overall, he argues that the most important megatrend was the shift from risk-off to risk-on as the U.S. Federal Reserve looks towards quantitative tightening later in the year. He looks at:

  • Crypto markets down
  • Stock market down
  • Venture investment into crypto hit $4.4 billion for the month
  • Regulatory happenings and why the crypto lobby is more prepared than ever

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 18% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer, and more secure solution to store, send, receive, buy, and swap your crypto. Buy now at getarculus.com.

-

FTX US is the safe, regulated way to buy bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Jackie Niam/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of Speaking of Bitcoin, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan for a discussion about loans in the world of crypto.

This episode is sponsored by Nexo.io.

HODL. It's crypto-land philosophy for not selling your preferred token even when things look their most bleak. But where philosophy intersects with real-world concerns like shelter, food and the niceties of life, tactics have emerged which offer both opportunities and risks. From collateralized smart contracts to real-world mortgage lenders, the hosts discuss their experiences with loans in the world of crypto.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

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Credits

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Adam B. Levine and music by Gurtybeats.com. Our episode art is a picture provided by The New York Public Library, modified by Speaking of Bitcoin.

Any questions or comments? Send us an email at adam@speakingofbitcoin.show

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The game theory around states like Texas and Arizona working towards pro-BTC policies.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode, NLW looks at a proposal moving through Arizona’s Senate to make bitcoin legal tender. He explores:

  • The specifics of the Arizona proposal
  • The controversial author of the bill
  • A pro-bitcoin battle in the Texas gubernatorial race
  • Increasing partisan tension around bitcoin and crypto

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Allard Schager/Moment/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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BTC $1 million by 2030?

This episode is sponsored by Nexo, Abra and FTX US.

On this week’s “Long Reads Sunday,” NLW pulls out some of the most interesting data from innovation investor ARK’s latest report.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: MR.Cole_Photographer/Moment/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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OpenSea had its best month ever even as the rest of crypto nuked.

This episode is sponsored by Nexo, Abra and FTX US.

On this edition of the “Weekly Recap,” NLW examines why NFTs are having their best month ever, even as the rest of the crypto market bleeds value.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Jose Martinez Calderon/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The author of “Layered Money” also explores the relationship between crypto and tradfi markets.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode, NLW is joined by Nik Bhatia, author of “Layered Money” and The Bitcoin Layer newsletter. They discuss:

  • Bitcoin’s relationship with equities and the TradFi markets
  • Why the Fed is trapped by rates markets
  • Whether privacy is essential to Bitcoin’s success
  • The game theory around nation-state bitcoin adoption
  • How financialization of BTC will impact the asset

Follow our guest on Twitter.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It’s not the first time an expansion of the Bank Secrecy Act has made its way into an unrelated bill.

This episode is sponsored by Nexo, Abra and FTX US.

Today on “The Breakdown,” NLW looks at a topic that has seized the attention of the crypto policy community. Hidden in the America COMPETES Act is a change to the Bank Secrecy Act that would allow the secretary of the treasury to compel financial institutions to conduct extraordinary surveillance or even prohibit financial activity entirely on accounts they suspect of money laundering without any public notice or checks and balances. NLW breaks down the proposed change, the response and what it says about the state of the crypto lobby.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Sergei Chuyko/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The IMF is pushing El Salvador to drop BTC as legal tender.

This episode is sponsored by Nexo, Abra and FTX US.

When Nayib Bukele announced that El Salvador would be making bitcoin legal tender, the international monetary establishment acted with some amount of skepticism. When he announced the nation would be issuing bitcoin bonds, that skepticism turned to anger. Now, the IMF is pushing El Salvador to ditch BTC as legal tender altogether. On today’s episode, NLW explores what’s really going on.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: chekyfoto/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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There’s no guidebook, no course for marketing in the social media age. Yet platforms like Facebook, TikTok and Instagram have proved to be fertile ground for marketing and presenting personality-first ad campaigns.

Two influencers-turned-brand-founders Sabrina Sadeghian of the skincare-focused makeup brand 4AM SKIN, and Nicole Shiraz of Nalia Swim join “New Money” hosts Solo Ceesay and Spencer Dinwiddie to discuss how social media helped take their brands to the next level. The benefit of a social-first marketing strategy is that creators are empowered to showcase their work alongside their personal branding.

Sabrina and Nicole both analyzed the market from the consumer’s perspective prior to starting their businesses, which allowed them to identify and fill gaps in the market that the big brands had overlooked. Additionally, the two share the importance of recognizing and adapting to constantly changing trends to stay relevant in a saturated market.

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus an announcement around Web3 Investment Clubs.

This episode is sponsored by Nexo, Abra and FTX US.

Today on “The Breakdown,” NLW is joined by Ian Lee, co-founder at Syndicate. Syndicate helps groups tap into Web 3 tools to transform investing and capital allocation. Today Syndicate announced their Web3 Investment Clubs that effortlessly turn any Web 3 wallet into an investment DAO. In this conversation, they discuss:

  • Ian’s background and how he got interested in DAOs
  • Why the tooling for DAOs wasn’t ready in 2018
  • Key 2021 milestones for DAOs
  • How DAOs interact with the existing legal structure
  • Why democratizing investing can transform the world
  • What’s coming for DAOs in 2022

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: lemono/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Stocks also opened the week down on growing fears of conflict in Ukraine.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode, NLW looks at the growing bearish sentiment around the crypto industry. The culprit, he argues, is a deepening macro malaise that has been exacerbated by growing concerns about war in Eastern Europe. That, piled on top of existing inflation concerns and the Fed’s 180-degree shift from quantitative easing to quantitative tightening have the week kicking off in a particularly bearish mood.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: id-work/DigitalVision Vectors/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On this episode of Speaking of Bitcoin, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan for a discussion about crypto cycles and consequences.

This episode is sponsored by Nexo.io.

As 2022 kicks into gear many of us are wondering what's in store for bitcoin and the broader crypto markets. Our lives, although our own, are driven by cycles which are often outside of our control. These cycles create the environment in which we each try to find happiness and success. But we can't see the cycles, at least not until they've come to pass and so we can't tell if this time is different until it's too late.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

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Credits:

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Adam B. Levine and music by Gurtybeats.com. Our episode art was created by Adam B. Levine with Pixelmind.ai

Any questions or comments? Send us an email at adam@speakingofbitcoin.show

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Will an open metaverse or a corporate metaverse win?

This episode is sponsored by Nexo, Abra and FTX US.

On this week’s “Long Reads Sunday,” NLW reads David Z. Morris’ “Meta Leans In to Tracking Your Emotions in the Metaverse.”

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: George Frey/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Was it FUD or was progress made?

This episode is sponsored by Nexo, Abra and FTX US.

This week on the “Weekly Recap,” NLW breaks down the House hearing on energy in the crypto industry. He looks at problems with the advance memo and provides refutations of some of the misunderstandings.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Nuthawut Somsuk/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The long-awaited CBDC paper has finally been released.

This episode is sponsored by Nexo, Abra and FTX US.

For more than a year, the Federal Reserve has been talking about a forthcoming paper on central bank digital currencies in the U.S. Now that the paper has finally been released, NLW walks us step by step through the Fed’s thinking and shares the initial commentary from the crypto community and Washington, D.C.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Koron/Moment/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new report from the country’s central bank is advocating for a large-scale crypto crackdown.

This episode is sponsored by Nexo, Abra and FTX US.

NLW covers stories that show the full breadth of the crypto industry in 2022. In the first, he looks at a new report from the Russian central bank advocating a near-total ban on bitcoin and crypto in the country, along with new punishments for those who offend. In the second, he looks at news that Facebook and Instagram are testing new non-fungible token features, and that Twitter has gone live with verified NFT profile avatars.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Will & Deni McIntyre/Corbis Documentary/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at the latest in the relationship between governments and crypto.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode, NLW looks at the latest from governments and crypto, including:

  • India’s prime minister calling for global cooperation to “fight” crypto
  • Pakistan’s security agency blocking crypto sites
  • The U.K., Singapore and Spain introducing new rules around crypto advertising

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Oleksii Liskonih/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The modern era of social media has created the new career path of the influencer. These individuals create online content to share with the masses – and brand collaborations are fruitful, too.

This episode of “New Money” with Spencer Dinwiddie and Solo Ceesay features Chavah Grant, Yanira Pache and Samya Mohamed, three content creators intimately familiar with what it means to be an influencer. The three explain their hacks for the balancing act that is maintaining their personalities in their content while appealing to changing audiences and dynamic trends.

Each influencer has to present their own unique qualities in order to present fresh perspectives in the saturated influencer market. Chavah, Ya Ya and Samya explain their content niches and preferred platforms. How can influencers remain genuine in an increasingly trend-focused social landscape?

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The deal is Microsoft’s largest acquisition in its 46-year history.

This episode is sponsored by Nexo, Abra and FTX US.

Microsoft today announced it is acquiring game publisher Activision Blizzard in a nearly $69 billion all-cash deal. The acquisition is being widely seen as a big bet to keep Microsoft competitive in the burgeoning metaverse space. On today’s episode, NLW gives the background and explores the emerging battle between the corporate and the open metaverses.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Photo by Chesnot/Getty Images Entertainment, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A bitcoin miner with an unlicensed power plant leads to a discussion on BTC, security and energy.

This episode is sponsored by Nexo.io.

Bitcoin's energy usage has long been controversial but this time it's not what you'd expect, a story about a rogue power plant kicks off a wide ranging discussion between the hosts, touching on key issues like game theory, network security and more.

Links from this episode:

  • https://www.vice.com/en/article/bvz93q/bitcoin-miner-facing-dollar56m-fine-for-starting-rogue-power-plant
  • https://tftc.io/martys-bent/issue-1138/
  • https://bitcoin.sipa.be/
  • https://www.coindesk.com/business/2022/01/10/billionaire-investor-bill-miller-now-has-50-of-his-personal-wealth-in-bitcoin/

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

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Credits:

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Adam B. Levine and music by Gurtybeats.com. Our episode art was created by Adam B. Levine with Pixelmind.ai

Any questions or comments? Send us an email at adam@speakingofbitcoin.show

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of Max Baucus’ recent essay.

This episode is sponsored by Nexo, Abra and FTX US.

This week’s “Long Reads Sunday” reading is Max Baucus’ “The Urgent Need for Regulatory Clarity on Stablecoins.”

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Lintao Zhang/Getty Image News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Startups raised $1.5 billion and funds raised $2 billion in just the last week.

This episode is sponsored by Nexo, Abra and FTX US.

In today’s “Weekly Recap,” NLW looks at a slew of funding rounds announced this week, including:

  • Near Protocol, $150 million
  • ZeroHash, $105 million
  • Checkout.com, $1 billion
  • SEBA, $119 million
  • DeFi Alliance (now Alliance DAO), $50 million
  • FTX Ventures, $2 billion

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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And putting 1% of their treasury into crypto.

This episode is sponsored by Nexo, Abra and FTX US.

This was, NLW argues, a very good week for crypto. He covers:

  • The mayor of Rio announcing big bitcoin/crypto support this week
  • Strike launching in Argentina
  • Northwest Arkansas offering tech workers $10,000 in BTC and a bike to move to the region
  • A congressman introducing legislation to ban the Fed from issuing a CBDC
  • Jack Dorsey’s Block building bitcoin mining hardware

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Christian Adams/The Image Bank/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new approach to helping Bitcoin developers fight frivolous lawsuits.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode, NLW covers:

  • The new Bitcoin Legal Defense Fund from Jack Dorsey and others
  • Crypto nuggets from 250 pages of former Treasury Secretary Steven Mnuchin’s emails
  • The latest out of the Agriculture and Energy committees in Congress as it relates to crypto regulation
  • Crypto hedge funds massively outperform TradFi

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Paper Boat Creative/Stone/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It all comes down to market expectations.

This episode is sponsored by Nexo, Abra and FTX US.

Markets have been nervous since last week’s FOMC meeting minutes revealed the Fed was considering early “balance sheet normalization” or quantitative tightening. At yesterday’s confirmation hearings, Fed Chair Jerome Powell tried to soften the Fed’s stance on QT, saying nothing had been decided. Today, December inflation numbers came in at a 39-year high of 7%. Find out why markets are rebounding in the wake of the news.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Bryan Allen/The Image Bank/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“All my life, I’ve gotten to where I’ve gotten to by doing things that other people wouldn’t do … putting myself into situations that could make or break me.”

Superstar Matt James is used to putting his head, heart and resources on the line, whether it’s on romantic reality show “The Bachelor” or investing in crypto. A self-described risk-taker, James wasn’t afraid to jump into the deep waters of crypto and start investing in bitcoin. Since his first investment, he’s become an all-out Bitcoiner, as he sports the emblematic laser eyes and the all-important #Bitcoin callout in his bio.

Matt James helps kick off the first installment of “New Money” with Spencer Dinwiddie and Solo Ceesay, CoinDesk’s new series exploring the intersection of blockchain and social media in the modern age. In this episode, James reveals his journey in crypto and speculates on where blockchain technology could go next.

Watch the full episode here.

“New Money With Spencer and Solo” is produced by CoinDesk. Our theme music is “Street Knowledge” by KC Carter. Art design is by Calaxy/CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a billionaire reveals he holds 50% of his net worth in bitcoin.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode of “The Breakdown,” NLW covers the latest news from macro and the crypto space, including:

  • Value investing legend Bill Miller holds 50% of his net worth in bitcoin
  • Paradigm invests in Citadel Securities’ first outside round
  • $207 million in digital asset fund outflows last week
  • Federal Reserve insider trading scandal
  • PayPal considering launching a stablecoin

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Ryan Muir/Getty Images Entertainment, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Fed shift from QE to QT and a political battle over austerity and inflation.

This episode is sponsored by Nexo, Abra and FTX US.

Last week, the December FOMC meeting minutes revealed that not only was the Fed expecting at least 3 rate hikes in 2022, they were actively considering “balance sheet normalization” (read: quantitative tightening). In today’s episode, NLW looks at how the markets are internalizing this new information, and why it’s setting up to be one of the most significant influences on markets this year.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown '' is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, Michele Musso, and Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: DNY59/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This time on Speaking of Bitcoin, correspondent George Frankly shares another surprising look at glitches in human behavior and what we can learn from them.

In this episode we explore the endowment effect, the phenomenon of collectible cryptocurrency wallets and more.

This episode is sponsored by Nexo.io.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

This episode was written, edited and performed by George Frankly with additional production assistance from Adam B. Levine. Music for this episode was provided by Gurty Beats and Jared Rubens. A full transcript is available at the corresponding CoinDesk.com post. Art for this episode was created by Adam B. Levine/Pixelmind.ai

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An analysis of the the meaning of the Twitter fight between Jack Dorsey and Chris Dixon.

This episode is sponsored by Nexo, Abra and FTX US.

This week’s Long Reads Sunday features a reading of David Z. Morris’ “What Jack Dorsey’s Beef With ‘Web 3′ Is Really About”

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown '' is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From bitcoin mining disruptions to NFT booms to Fed disruptions, it was quite a week.

This episode is sponsored by Nexo, Abra and FTX US.

In the first 2022 edition of the Weekly Recap, NLW looks at:

  • The Fed’s impact on crypto markets.
  • The situation in Kazakhstan and how it impacts bitcoin mining.
  • NFTs finding their way into U.S. politics.
  • And more!

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Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown '' is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Overearth/ iStock/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A brief overview of the protests that have rocked the Central Asian company over the last week.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode of “The Breakdown,” NLW provides a basic primer on the escalating political crisis in Kazakhstan. He covers:

  • The country’s basic economic overview and modern political history.
  • The fuel price increase that started protests on Sunday.
  • How protests spread throughout the week and became about a larger set of grievances.
  • The country’s dramatic decision to shut down the internet.
  • The implications for bitcoin mining
  • Where things stand today.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown '' is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Mikhail Svetlov/Getty Images Europe, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Spoiler alert: It’s the Fed – same as every other risk asset.

This episode is sponsored by Nexo, Abra and FTX US.

Today on “The Breakdown,” NLW looks at one of the most important relationships in economics: the relationship between Fed statements and market actions. With bitcoin cratering under $43,000 NLW explores:

  • The Fed’s relationship with markets in general
  • Bitcoin’s relationship with equities
  • FinTwit and Crypto Twitter’s reaction to the dip

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown '' is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode of “The Breakdown,” NLW looks at the latest news out of NFTs, including:

  • Samsung’s NFT TV announcement
  • OpenSea’s fundraise at a $13.3 billion valuation
  • Bored Apes flippen CryptoPunks
  • A South Korean presidential candidate is giving away NFTs to donors

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown '' is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Gesrey/iStock/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A roundup of global mining, regulatory and CBDC news.

This episode is sponsored by Nexo, Abra and FTX US.

On today’s episode, NLW rounds up news from the last few weeks of 2021, including updates on the global bitcoin mining landscape as well as central bank digital currency (CBDC) and regulatory updates from the United States, China, India, Europe, Jamaica, Paraguay and more. Plus, the president of El Salvador’s 2022 bitcoin predictions.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is "Time" by OBOY. Image credit: Andrey Rudakov/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The genesis block “Easter egg” provided the beginning of an ideology for the nascent network.

This episode is sponsored by Nexo, Abra and FTX US.

Thirteen years ago today, Satoshi released the Bitcoin genesis block - block 0. Embedded in it was a quote, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." In today’s episode, NLW explores the meaning and historical context of the inclusion.

Join the discussion: https://discord.gg/VrKRrfKCz8

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is Time by OBOY. Image credit: Rob Mitchell, CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A powerful countdown to kick off the new year.

This episode is sponsored by Nexo, Abra and FTX US.

On “The Breakdown’s” first episode of the new year, NLW looks at the most important power shifts that he’s watching this year, including:

  • Fed vs. stock market
  • U.S. midterm elections
  • Stablecoins vs. CBDCs
  • China and Russia vs. the dollar
  • Bitcoin vs. fiat
  • IMF vs. El Salvador
  • Bitcoin DeFi vs. other DeFi
  • DeFi vs. KYC
  • DAOs vs. other forms of capital formation
  • NFT/Web 3 games vs. traditional
  • NFTs vs. record labels
  • Web 3 vs. Web 2

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io.

-

Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is Time by OBOY. Image credit: Donald Iain Smith/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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NLW is joined by the founders of Blockworks.

This episode is sponsored by NYDIG.

On the final episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Jason Yanowitz and Michael Ippolito, the founders of Blockworks, a growing media company focused on the stories shaping the crypto space.

Find our guests on Twitter:

@JasonYanowitz

@MikeIppolito_

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: chekyfoto/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Delphi Digital co-founder shares his thoughts on what’s coming in 2022.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Tom Shaughnessy. Tom is a co-founder at Delphi Digital, where he invests in early-stage innovation in the crypto space.

Find our guest on Twitter: @Shaughnessy119

-

NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: tolgart/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Coinbase Ventures investor gives her take on 2021.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Katherine Wu. Katherine invests in early-stage crypto companies with Coinbase Ventures.

Find our guest on Twitter: @katherineykwu

-

NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Andriy Onufriyenko/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus how institutional involvement in the space has changed.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown’s” “End of Year Extravaganza”, NLW is joined by Travis Kling. Travis is the co-founder and chief investment officer of Ikigai Asset Management, and discusses the shift in institutional involvement in the crypto space.

Find our guest on Twitter: @Travis_Kling

-

NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Britta Pedersen-Pool/Getty Images Entertainment, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An argument why Bitcoin will be the base layer for DeFi, NFTs and more.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Muneeb Ali. Muneeb is the co-founder of Stacks and CEO of Hiro. In this conversation, he discusses the programmable smart-contract future of Bitcoin as the base layer for the new internet.

Find our guest on Twitter: @muneeb

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Yuichiro Chino/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The crypto investor shares his perspective on one of the trends he believes will shape the year to come.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Santaigo Santos. Santiago is a crypto investor, thinker and podcast. He built one of the first funds in DeFi, was early into NFTs and is heavily involved in the DAO space.

Find our guest on Twitter: @santiagoroel

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Alexi Rosenfeld/Getty Images Entertainment, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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One of the NFT community’s leading voices and hosts discusses the year that was.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Deeze. Deeze is known throughout NFT circles as a true community member. As host of one of the most popular regular Twitter Spaces on NFTs, he creates context for many to explore the emerging area of NFTs.

Find our guest on Twitter: @DeezeFi

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Alexi Rosenfeld/Getty Images Entertainment, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The key trends, from regulation to NFTs to the mainstreaming of Bitcoin.

This episode is sponsored by NYDIG.

Today on “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by the co-founder and managing partner of Nexo.

Find our guest on Twitter: @AntoniNexo

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: BlackJack3D/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This was the year that institutions finally, truly arrived.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s” “End of Year Extravaganza,” Galaxy Digital’s head of firmwide research discusses the key trends that shaped 2021.

Find our guest on Twitter: @intangiblecoins

-

NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Westend61/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Join hosts Adam B. Levine and Stephanie Murphy along with special guest Josh Scigala, CEO of Vaultoro, for a wide-ranging exploration of the growing asset class of "Stablecoins."

This episode is sponsored by Nexo.io, KuCoin and DeFiHorse.

On this episode we discuss:

  • The possibility of central banks or regulators banning private 1:1 stablecoins.
  • The challenges faced by early, decentralized, overcollateralized stablecoins.
  • How negative interest rates will drive 1:1 stablecoins into fractional reserve.
  • The potential weaponization of unlimited money printing to take control of limited resources.
  • The scenario where governments freeze bank accounts connected to 1:1 backed coins in an attempt to destroy the wider crypto economy.
  • The Potential for mismanagement of funds by 1:1 companies and threat of a Lehman brothers 2.0
  • The shrinking but still dangerous dearth of transparency within the biggest stablecoin balance sheets
  • Why regulators can't seem to keep up with real solutions
  • Why Josh believes decentralised stablecoins present a better set of tradeoffs.

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Nexo is a powerful, all-in-one crypto platform where you can securely store your assets. Invest, borrow, exchange and earn up to 12% APR on Bitcoin and 20+ other top coins. Insured for $375M and audited in real-time by Armanino, Nexo is rated excellent on Trustpilot. Get started today at nexo.io.

-

KuCoin was listed on Forbes Advisor’s “The Best Crypto Exchanges Of 2021,” which highlighted hundreds of tradable coins, low fees, plus automated and margin trading. Sign up NOW to claim a $500 welcome bonus at KuCoin.com.

-

DeFiHorse’s races start in Q1/2022. This GameFi project has premium graphics and highly competitive gameplay. DeFiHorse beams you to a cyberpunk world, providing you with legendary steeds to top the leaderboards and become the ultimate champion. For more info visit bit.ly/DeFiHorse.

-

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Jonas. Music for todays show was provided by Jared Rubens and Gurtybeats.com. Our episode art was created by Adam B. Levine using pixelmind.ai

Any questions or comments? Send us an email at adam@speakingofbitcoin.show

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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An end-of-year analysis from one of economics’ most interesting thinkers.

This episode is sponsored by NYDIG.

Today on “The Breakdown’s” “End of Year Extravaganza,” we’re joined by macro analyst and thought leader Lyn Alden.

Find our guest on Twitter: @LynAldenContact

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: 3alexd/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why the China ban will end up being a great thing for bitcoin.

This episode is sponsored by NYDIG.

Welcome to “The Breakdown’s” “End of Year Extravaganza.” First up, Whit Gibbs, CEO of Compass Mining.

Find our guest on Twitter: @BitcoinBroski

-

NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: BTC Keychain/Flickr/CC BY 2.0, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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"We're in the upside-down world. The time value of money is negative. Debts are assets and revenue streams are liabilities"

This episode is sponsored by Nexo.io, KuCoin and DeFiHorse.

Join hosts Adam B. Levine, Stephanie Murphy, Jonathan Mohan and Andreas M. Antonopoulos for a wide-ranging conversation about the current realities of inflation. They discuss the challenge inflation presents to policymakers, the growing likelihood of major disruption and what you can do to prepare.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your assets. Invest, borrow, exchange and earn up to 12% APR on Bitcoin and 20+ other top coins. Insured for $375M and audited in real-time by Armanino, Nexo is rated excellent on Trustpilot. Get started today at nexo.io.

-

KuCoin was listed on Forbes Advisor’s “The Best Crypto Exchanges Of 2021,” which highlighted hundreds of tradable coins, low fees, plus automated and margin trading. Sign up NOW to claim a $500 welcome bonus at KuCoin.com.

-

DeFiHorse’s races start in Q1/2022. This GameFi project has premium graphics and highly competitive gameplay. DeFiHorse beams you to a cyberpunk world, providing you with legendary steeds to top the leaderboards and become the ultimate champion. For more info visit bit.ly/DeFiHorse.

-

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Jonas. Music for this episode was provided by Jared Rubens and Gurtybeats.com. Our episode art is a photograph taken of Federal Reserve Chair Jerome Powell as he gave congressional testimony. Sourced from Federal Reserve Public domain/Wikimedia Commons modified by Speaking Of Bitcoin using Pixelmind.ai

Any questions or comments? Send an email to adam@speakingofbitcoin.show

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of one of CoinDesk’s most popular op-eds of 2021.

This episode is sponsored by NYDIG.

For the final “Long Reads Sunday” of the year, NLW reads Michael Casey’s “Dogecoin and the New Meaning of Money.”

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Therd oval/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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El Salvador? Bitcoin Hashrate Migration? Inflation?

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW previews the forthcoming “End of Year Extravaganza” by answering the same questions he’ll be asking a dozen guests in the weeks to come.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: MicroStockHub/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Featuring the insights of two excellent end-of-year reports.

This episode is sponsored by NYDIG.

Today’s episode digs through two excellent end-of-year reports from Messari and The Block to curate a set of numbers and statistics that tell the story of the markets in 2021. These numbers include growth in on-chain metrics, hashrate and other types of adoption.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: SEAN GLADWELL/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Given that the Fed is now projecting three rate hikes in 2022, why are stocks and BTC up?

This episode is sponsored by NYDIG.

Yesterday in the wake of the FOMC meeting, the Federal Reserve signaled a hawkish turn. Asset purchases will be tapered at twice the speed, and the Fed is now anticipating three rate hikes next year. So why, in the wake of all that, are risk assets going up, and five-year inflation expectations climbing?

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Michael Nagle/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A review of what happened at the Senate Banking Committee’s recent hearing.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at the recent U.S. Senate Banking Committee hearing on stablecoins. More contentious than the previous week’s House Financial Services Committee hearing on crypto, NLW argues the hearing helps us understand the current arguments against stablecoins from some of their most important political opponents.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Rod Lamkey-Pool/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto Twitter is bleak, but is it justified?

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at a few explanations for the current bearish sentiment turn, including:

  • A belief that a bubble is finally bursting
  • A larger market shift to risk-off based on inflation concerns and expectations around shifting monetary policy
  • A normal crypto “micro-cycle”

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: sesame/DigitalVision Vectors/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How Bitcoin was changing in fall 2010 and what it means for today.

This episode is sponsored by NYDIG.

Eleven years ago, on Dec. 13, 2010, Satoshi Nakamoto posted on the BitcoinTalk forum for the last time. He would pop up in emails here and there for a few more months, but for the majority of the Bitcoin community, he was gone. In today’s episode, NLW explores how the Bitcoin community was changing, and how the legacy of that period remains with us today.

Read more about the transition to the post-Satoshi era from Pete Rizzo on Bitcoin Magazine: https://bitcoinmagazine.com/technical/what-happened-when-bitcoin-creator-satoshi-nakamoto-disappeared

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Janos Kummer/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of two recent essays.

This episode is sponsored by NYDIG.

On this week’s “Long Read’s Sunday,” NLW looks at DAOs and their benefits over traditional fundraising, reading:

“DAOs and the Next Crowdfunding Gold Rush” by Will Gottsegen

“What Kickstarter Going Decentralized Means for Web 3” by Daniel Kuhn

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: mathisworks/DigitalVision Vectors/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Analysts, Institutions, DAOs and more.

This episode is sponsored by NYDIG.

CoinDesk has just completed its list of 2021’s 50 Most Influential people. On today’s episode, NLW shares that list, and then adds brief commentary on 10 more people or groups that he might have included, including Dylan LeClair and Will Clemente, Punk 6529, Visa’s Cuy Sheffield and more.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Svetlana Sultanaeva/EyeEm/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What the CPI print means for Fed policy, the economy as a whole and bitcoin.

This episode is sponsored by NYDIG.

November inflation came in at 6.8%, the highest in 39 years. In this episode, NLW looks at:

  • The state of the inflation discussion following October
  • Why the Biden administration tried to reframe expectations leading into Friday’s announcement
  • Why CEOs are selling their stock
  • Why bitcoin is going down after high inflation

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Jeffrey Coolidge/Stone/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Does this represent a turning point for the U.S. crypto industry?

This episode is sponsored by NYDIG.

Yesterday the House Financial Services Committee held a hearing on the future of digital assets. Shockingly to almost everyone, the tone was respectful, collegial and considered, and lawmakers seemed genuinely interested in working toward a greater understanding of the industry.

In today’s episode, NLW covers why the hearing felt different as well as key themes like U.S. dollar hegemony and the rebranding of crypto to “Web 3.”

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Stefani Reynolds/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The company’s latest crypto division focuses on B2B consulting in the blockchain and crypto space.

This episode is sponsored by NYDIG.

Today’s episode covers a set of topics, including:

  • Visa’s new crypto advisory unit
  • An AWS official is leaving for Unstoppable Domains
  • AWS downtime brings up questions of decentralized infrastructure
  • Saule Omarova withdraws nomination for OCC chief
  • Dan Tapiero’s 10T raises a fresh $500 million
  • Eric Schmidt joins ChainLink Labs as an advisor
  • Ubisoft announces NFTs coming to games

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Thinkhubstudio/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at the recent report from the Bank for International Settlements.

This episode is sponsored by NYDIG.

Today’s episode of “The Breakdown” is a grab bag of news stories from the past several days. NLW covers:

  • The Bank for International Settlements report “DeFi Risk and the Decentralization Illusion”
  • Regulatory updates from the Biden administration, Japan, the U.K. and India
  • Institutions leading the selling last week
  • OpenSea appears headed for IPO

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Nuthawut Somsuk/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The weekend saw more than $2.5 billion in liquidations.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at the dramatic move downward in the crypto markets that started late Friday night U.S. time. He looks at both market structure factors such as low liquidity and thin weekend order books as well as macro factors including, insecurity around the new Omicron variant as well as a tightening Fed policy.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: iNueng/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io, KuCoin and DeFiHorse.

The Lightning Network is arguably the most anticipated scaling solution for Bitcoin to date. Why isn’t everyone using it?

“Speaking of Bitcoin” hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy are joined by Rene Pickhardt, Bitcoin and Lightning Network Developer. The four lead a conversation on the still in development yet rapidly growing Lightning Network. It's a second-layer network that enables fast, secure, private and inexpensive payments that don't make sense to store on bitcoin's base layer. But while that might sound ideal, it's not simple in practice. A scrappy community of companies and developers have been pushing the tech consistently forward as the number of hard problems still to solve ticks down.

Even as early as we are, Lightning has proven to be a radical improvement on the user experience of bitcoin. On the bitcoin network, fees vary but typically range from $1–5 and complete with confirmation in an average of ten minutes. With Lightning, fees and transaction times drop dramatically: the transaction fees are generally 1/100th or 1/10th of a penny and take just seconds.

If the improvements of Lightning are clear, why isn’t everyone using it today? Listen to hear more about the challenges and solutions coming to this rapidly-evolving aspect of bitcoin.

Additional reading:

  • Mastering the Lightning Network
  • Security and Privacy of Lightning Network Payments with Uncertain Channel Balances
  • Optimally Reliable & Cheap Payment Flows on the Lightning Network
  • Include the Uncertainty Network into the Payment Session and potentially acrosse payment sessions
  • Rene's Lightning Test Tweets
  • Zero Base Fee graph
  • Support Rene's Work

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Nexo is a powerful, all-in-one crypto platform where you can securely store your assets. Invest, borrow, exchange and earn up to 12% APR on Bitcoin and 20+ other top coins. Insured for $375M and audited in real-time by Armanino, Nexo is rated excellent on Trustpilot. Get started today at nexo.io.

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KuCoin was listed on Forbes Advisor’s “The Best Crypto Exchanges Of 2021,” which highlighted hundreds of tradable coins, low fees, plus automated and margin trading. Sign up NOW to claim a $500 welcome bonus at KuCoin.com.

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DeFiHorse’s races start in Q1/2022. This GameFi project has premium graphics and highly competitive gameplay. DeFiHorse beams you to a cyberpunk world, providing you with legendary steeds to top the leaderboards and become the ultimate champion. For more info visit bit.ly/DeFiHorse.

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Album art created using AI by Adam Levine/Pixelmind.ai

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Welcome to the third era of accounting.

This episode is sponsored by NYDIG.

This week’s Long Reads Sunday is a reading of Dan Jeffries’ “The Future of Money: A History.”

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: KTSDESIGN/Science Photo Library/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at what happened in crypto this week, from regulation to institutions.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown Weekly Recap,” NLW covers:

  • The latest jobs report and what it means for Fed policy
  • Comments from SEC Chair Gensler and a House crypto hearing next week
  • The latest institutional bitcoin news from Fidelity and Goldman Sachs

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Nicky Loh/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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NLW reacts to 20 predictions from some of crypto’s leading minds.

This episode is sponsored by NYDIG.

As part of CoinDesk’s Future of Money week, they asked some of crypto’s biggest brains for their predictions on the future of money. In today’s episode, NLW goes one by one through those predictions, saying whether he agrees or disagrees and why.

Read the original: https://www.coindesk.com/business/2021/11/29/the-future-of-money-20-predictions/

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: VallarieE/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Huge capital raises have given crypto companies and funds much deeper war chests.

This episode is sponsored by NYDIG.

On today’s episode, NLW breaks down investor Travis Kling’s recap of the biggest events in crypto from the month of November. He says two trends are huge capital raises and a focus on NFTs and the metaverse. Both, he suggests, make the crypto markets more resilient to future downturns.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: No-Mad/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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With David Marcus leaving, what is the future of diem?

This episode is sponsored by NYDIG.

On today’s episode, NLW does a retrospective of Facebook’s libra project, which was renamed late last year to diem. He argues that, whatever happens with diem specifically, it has a place in the historical record as the starting gun for a new era in stablecoins and central bank digital currencies.

Join the discussion: https://discord.gg/VrKRrfKCz8

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus, the changes at Twitter have already started under its new CEO.

This episode is sponsored by NYDIG.

On today’s episode of ”The Breakdown,” NLW follows up on Twitter’s leadership change, covering a new privacy policy that some are saying has big implications for the platform. He also looks at Sen. Sherrod Brown’s letter to stablecoin issuers from last week and discusses Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell’s testimony before the Senate today.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As Twitter’s CTO steps into the CEO role, what will the changes mean for crypto?

This episode is sponsored by NYDIG.

On today’s episode, NLW looks at two topics. The first is the market crash that left bitcoin down 8.5% on Friday, only to partially recover over the weekend. NLW looks at the combination of macro factors – led by the Omicron COVID-19 variant – that may or may not have contributed to the turbulence. Second, he looks at the announcement that Jack Dorsey is stepping down from the CEO role at Twitter, to be replaced by Chief Technology Officer Parag Agrawal. What will this mean for bitcoin? Will Jack be spending more time on the cryptocurrency now? And what about Ethereum? Will a Web 3 blocker inside Twitter now be removed? What about censorship and the Twitter platform itself?

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Cole Burston/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io.

With NFTs continuing their rapid advance into mainstream cultural awareness, how much is FOMO (fear of missing out) and how much is real? On today's episode we investigate and discuss the evolving battle lines in the nascent world of triple-A gaming NFTs and whether these early announcements are a signal or just noise.

Recent statements or comments:

  • Electronic Arts
  • Ubisoft
  • Epic Games
  • Steam
  • Xbox

Later, the hosts explore the still-to-come moment when the behemoths of game publishing select which blockchain or blockchains will be their native NFT layer. Are we in for a repeat of the corporate adoption story? Or will big-budget games become a new differentiating factor, elevating their chosen partners to de-facto “incumbent” status?

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Nexo is a powerful, all-in-one crypto platform where you can securely store your assets. Invest, borrow, exchange and earn up to 12% APR on Bitcoin and 20+ other top coins. Insured for $375M and audited in real-time by Armanino, Nexo is rated excellent on Trustpilot. Get started today at nexo.io.

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Photo by Igor Karimov on Unsplash, modified by Speaking of Bitcoin

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of threads from Punk 6529.

This episode is sponsored by NYDIG.

On this week’s “Long Reads Sunday,” NLW draws from two threads by @punk6529 on Twitter:

On a Pathway to an Open Metaverse

On America and Crypto

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Craig Hastings/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The bitcoin VC shares her view on the importance of 2021 to bitcoin and what comes next.

This episode is sponsored by NYDIG.

On the final part of his three-part miniseries “Gratitude for Bitcoin,” NLW is joined by Stillmark’s Alyse Killeen, a venture capitalist focused entirely on the bitcoin ecosystem. Alyse explains how remarkable it was that bitcoin was ready for nationwide adoption in El Salvador and gives a preview on what she thinks is coming to the network in 2022.

Find Alyse Killeen on Twitter: @AlyseKilleen

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Iryna Ustenko/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The serial bitcoin entrepreneur argues bitcoin is changing, whether you want it to or not.

This episode is sponsored by NYDIG.

On part 2 of NLW’s three-part “Gratitude for Bitcoin” miniseries, he’s joined by serial bitcoin entrepreneur and Kraken’s director of growth marketing, Dan Held. Dan discusses the changes happening as bitcoin goes mainstream and argues that this sort of change is inevitable.

Find Dan Held on Twitter: @danheld

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Iryna Ustenko/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The on-chain analyst reveals why understanding bitcoin is a cheat code.

This episode is sponsored by NYDIG.

Today, NLW kicks off his “Gratitude for Bitcoin” three-part miniseries with Bitcoin Magazine and UTXO Management bitcoin analyst Dylan LeClair.

Find Dylan on Twitter: @DylanLeClair_

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Iryna Ustenko/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The much-memed Fed chairman officially gets a second term with the Biden Administration.

This episode is sponsored by NYDIG.

This week, after months of speculation, President Joe Biden has named Jerome Powell to a second term as Federal Reserve chairman. His most likely alternate, Lael Brainard, was promoted to vice chairwoman. On today’s episode of “The Breakdown,” NLW looks at why full employment remains at the centerpiece of the Fed agenda even as the nominations herald a narrative pivot on inflation. He also discusses the likely impacts to bitcoin, stablecoins and crypto more broadly.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The $1 billion bond will be tokenized and powered by Blockstream and Bitfinex.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” a check in on El Salvador, where President Nayib Bukele has just announced “Bitcoin City,” a new community that will feature no income or capital gains tax and be designed to attract talent from around the world. The effort is being funded in part by a $1 billion bond that some are calling the “Volcano Bond.” The bond will be tokenized by Blockstream on Liquid and available for trade on Bitfinex. NLW covers the bitcoin world’s reaction to the news (as well as some fintwit skepticism).

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Jaime Mejia/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of two prescient Nic Carter essays from 2020.

This episode is sponsored by NYDIG.

In today’s Long Reads Sunday, NLW goes back to read excerpts from two Nic Carter pieces that seem particularly prescient today, as the U.S. weighs the opportunities and risks of stablecoins.

Policymakers Shouldn't Fear Digital Money: So Far It's Maintaining the Dollar's Status

The Crypto-Dollar Surge and the American Opportunity

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso & Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Thom Lang/The Image Bank, modified by CoinDesk.

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If the good times are over, many have the dry powder to weather the storm.

This episode is sponsored by NYDIG.

From $400 million to a crypto exchange to $2.5 billion for the biggest crypto fund in history, NLW tells the story of this week’s big fundraising events by the numbers.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso & Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Nuthawut Somsuk/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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More than 17,000 people raised over $40 million, but it wasn’t enough.

This episode is sponsored by NYDIG.

Last night the crypto community waited with bated breath to see who had won the first printing of the U.S. Constitution. Despite raising over $40 million from 17,000 people, the ConstitutionDAO was ultimately outbid. In this episode, NLW discusses how the DAO came together, how the bidding went down and how the community should feel about its near miss.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso & Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Alexi Rosenfeld/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Anyone who tells you the U.S. government is going to ban crypto is crazy.

This episode is sponsored by NYDIG.

Yesterday’s show was a global regulatory roundup, but today’s is all about the U.S. The Joint Economic Committee held an event this week all about “Demystifying Crypto.” In this episode, NLW looks at:

  • The overall shift in tone in government crypto hearings
  • The specific questions and topics that JEC members asked
  • The beginnings of a partisan hardening of the crypto discourse
  • New legislation to undo the problematic provisions of the infrastructure bill

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso & Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Bloomberg/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The state of crypto regulatory news from India to Russia to Brazil.

This episode is sponsored by NYDIG.

On today’s episode, NLW does a whistle-stop tour of global crypto regulatory news, including:

  • India – set to ban crypto as payment but regulated as asset?
  • Israel – might new AML rules make it easier for banks to work with crypto providers?
  • Sweden – disagreement on mining politics
  • Russia – a new source of global power?
  • Indonesia – is bitcoin haram?
  • As well as news from Peru, the U.K. and Brazil

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso & Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: btgbtg/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As is so often the case, it was a combination of macro news and market structure.

This episode is sponsored by NYDIG.

Bitcoin has been on a journey over the last 24 hours, from nearly $65,000 all the way down to $58,000 and everywhere in between. On today’s episode, NLW explores what’s driving it, including:

  • Leveraged traders left over from last week’s all-time high
  • Twitter CFO saying no investments in crypto
  • President Biden signing the U.S. infrastructure bill with crypto broker redefinition
  • Inflation questions
  • Federal Reserve leadership questions

Finally, he points to Marathon’s offering of a half billion dollars in debt to buy more BTC and rigs as a counter-indicator.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at one of the boldest experiments in internet financial organizing yet.

This episode is sponsored by NYDIG.

On Thursday, Nov. 18th, Sotheby’s is auctioning off one of just 13 (or 11, depending on your source) copies of the original edition of the U.S. Constitution, printed in September 1787 for distribution to members of the Continental Congress and the states that would need to debate and ratify the document. It’s the first time the document has been for sale in a third of a century, and this time, a new DAO has sprung up to make the purchase collectively. On today’s episode, NLW breaks down ConstitutionDAO, looking at:

  • What the project is trying to achieve
  • How quickly it’s coming together and gaining momentum
  • What it means for the future of DAOs

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: rdegrie/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Today’s show is from a time before the trillion (or even billion) dollar market cap; Before Vitalik had ever spoken the word Ethereum; Before taproot, segwit, stock-to-flow and the institutional investing thesis. In the early days, Bitcoin was the absolute state of the art and the basis for an entirely new and utterly revolutionary form of technology. In this episode you’ll get a peek at how we discussed it before everything that would happen had happened.

This episode is sponsored by Nexo.io.

Original show notes for episode 14 - In Search of Goldilocks

  • Listener mail: “Microtransaction powered social networks”
  • Constance Choi, legal council at payward brings us up to speed on DC, Fincen & Treasury
  • The retroactive Bitcoin paywall
  • Counterintuitive: Smaller amounts equal larger transactions?
  • 1 Megabyte blocks, good or bad?
  • Who needs banks? Zach Harvey of the Lamassu bitcoin vending machine
  • Full node clients vs. lite clients: Are federated servers the future?

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Today's episode art is a screenshot from CoinMarketCap.com's historical tool, modified by Speaking of Bitcoin

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A reading of two essays that show the full range of communities connecting to crypto.

This episode is sponsored by NYDIG.

On this edition of “Long Reads Sunday,” NLW reads two pieces:

  • “Why Shouldn’t the Navajo Mine Bitcoin?” by William Foxley
  • “This Imprisoned Russian Artist Is Selling NFTs to Support His Family and Fellow Inmates” by Anna Baydakova

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Adrian Blust, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Tribalium/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Or is Square’s TBD launch of its white paper just days after the Taproot upgrade a coincidence?

This episode is sponsored by NYDIG.

On this edition of “The Breakdown Weekly Recap,” NLW follows up on the story about the politics of bitcoin with an SEC commissioner’s recent essay on decentralized finance (DeFi). He also looks at the forthcoming Taproot upgrade, and how it may coincide with plans from the newest division of Square - TBD - to announce bitcoin DeFi plans.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Eva Marie Uzcategui/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is the political discourse around crypto getting more sophisticated?

This episode is sponsored by NYDIG.

On today’s episode of “The Breakdown,” NLW looks at how bitcoin’s place in the political dialogue in the United States has changed dramatically over the years. He argues 2021 will be remembered as the year politicians started taking the industry seriously. The episode features a thread from Ohio U.S. Senate candidate Morgan Harper: https://twitter.com/mh4oh/status/1458064822772375565

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A perfect confluence of macro events and market structure.

This episode is sponsored by NYDIG.

Yesterday was quite the day. A 6.2% inflation print led to a new bitcoin all-time high. Within hours, however, BTC’s price crashed 10% on an overall risk-off move in markets. That was precipitated by rumors that China’s Evergrande was about to default on its debts. NLW argues that the moves show how market structure and macro realities impact bitcoin.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Ildar Abulkhanov/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What it means for markets, the Federal Reserve and bitcoin.

This episode is sponsored by NYDIG.

New statistics show a 6.2% rise in the consumer price index (CPI) year over year for October. On today’s episode, NLW breaks down the news, discussing:

  • How the 2020 inflation debate set up the current bitcoin bull run
  • The debate around “transitory” inflation in 2021
  • How the inflation debate is impacting U.S. politics
  • Why bitcoin is achieving new all-time highs

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: sbayram/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What on-chain analysts and the community at large thinks is driving the move.

This episode is sponsored by NYDIG.

Last night both BTC and ETH hit new all-time highs. In today’s episode, NLW explores:

  • What on-chain analysis suggests about how this ATH differs from previous ones
  • Why some are pointing to institutional accumulation as driving the rally
  • What Apple CEO Tim Cook said when he revealed that he holds BTC and ETH

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Axelle/Bauer-Griffin/FilmMagic/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Saturday tweet about the sale drove synthetic crypto-powered Tesla markets down 7%.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at why the fracas around Elon Musk’s Twitter poll about his selling 10% of his Tesla stock is about much more than Tesla. It has implications for domestic politics, market structure and why crypto is the future.

Additionally, the Brief covers:

  • The NYC mayor-elect says bitcoin should be taught in schools
  • The latest on the infrastructure bill
  • Pension funds are moving into alternative assets to find yield

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Samuel Corum/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is sponsored by Nexo.io.

A recent letter addressed to the social media giant from five democratic senators laid it out clearly; There's simply no way Meta (formerly Facebook) will be allowed, much less trusted, to run a supra-national stablecoin. It's a stance many agree with but it brings up a larger and much more controversial question. If one of the biggest, most successful consumer-facing companies in the world can't do it, who could?

Join hosts Adam B. Levine, Stephanie Murphy, Jonathan Mohan and Andreas M. Antonopoulos for this wide-ranging conversation as they dig into the thorny issues of power, currency, trust and monetary policy.

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Nexo.iolets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

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Have any questions or comments? Send us an email at adam@speakingofbitcoin.show

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Adam B. Levine and music by Gurtybeats.com. Our episode art is a photograph by Annie Spratt/Unsplash modified by Speaking of Bitcoin

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A reading of two threads that paint a very different picture of the world.

This episode is sponsored by NYDIG.

On this week’s ”Long Reads Sunday,” NLW looks at two very different takes on the economy in threads by Raoul Pal and Alex Good.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: VectorInspiration/DigitalVision Vectors/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The latest from the Infrastructure bill plus recent SEC statements on enforcement.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown Weekly Recap,” NLW covers:

  • SEC Chair Gensler’s recent comments on crypto enforcement
  • The OCC concludes its crypto sprint
  • Why the crypto community is so concerned about Infrastructure Bill amendment 6050I
  • The vibe from NFT.NYC

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: smartboy10/DigitalVision Vectors/United Kingdom, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What the inversion of the yield curve is telling us.

This episode is sponsored by NYDIG.

On today’s episode, NLW gets macro with a discussion of a flattening of the yield curve and what increasingly seems like a failed yield curve control experiment in Australia. He looks at:

  • What the “yield curve” is
  • What a yield curve flattening or inversion is signaling
  • The latest from the U.S. Federal Reserve on tapering
  • Australia’s yield curve control problem

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Nuthawut Somsuk/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The co-chairs of the Congressional Blockchain Caucus are not pleased.

This episode is sponsored by NYDIG.

On today’s episode, NLW follows up on the burgeoning bitcoin-mayor competition between New York City’s Eric Adams and Miami’s Francis Suarez. The show’s main topic is an open letter sent by Congressional Blockchain Caucus co-chairs Rep. Tom Emmer and Rep. Darren Soto to Securities and Exchange Commission Chair Gary Gensler about the recent approvals of bitcoin futures-based exchange-traded funds. They argue it simply doesn’t make sense to approve a futures ETF but not a spot ETF that holds actual bitcoin. Surprise, surprise, the crypto community agrees.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Daniel Acker/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Mayor-elect Eric Adams is looking to turn one of the world’s great TradFi centers into a hub for crypto as well.

This episode is sponsored by NYDIG.

Despite (or perhaps because of) being one of the world’s great traditional financial hubs, New York has a contentious relationship with crypto. Between the BitLicense and a very active state attorney general, New York and crypto aren’t always simpatico. That’s why it has been exciting for many New Yorkers to see candidates of both parties advocating for New York City to become a crypto hub, and to do so in a way that benefits financial access and economic empowerment goals. NLW breaks down candidate statements and looks at the friendly competition brewing between NYC and Miami.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Michael M. Santiago/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The much anticipated document has finally been released, and here’s what the crypto community is saying about it.

This episode is sponsored by NYDIG.

The President’s Working Group on Financial Markets has finally released its much-anticipated report on Stablecoins. In this episode, NLW breaks down:

  • The PWG’s three major concerns surrounding stablecoins
  • The significance of its recommendation that Congress legislate stablecoins
  • The reactions of the crypto community, stablecoin issuers and interested politicians

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Samuel Corum/Bloomberg/Getty Images, modified by CoinDesk.

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Regulation, institutions, ETFs!

This episode is sponsored by NYDIG.

NLW counts down the top 5 things to happen in crypto over the last month, including a DAO buying a Wu Tang clan album, top 5 U.S. banks creating new crypto offerings, battles around SEC subpoenas and much more. Listen to find out why we will view October 2021 as a significant transitional month in bitcoin and crypto history.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: CC DF Foto/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In a world where everything is unlimited, what remains scarce?

This episode is sponsored by NYDIG.

This week’s “Long Reads Sunday” is a reading of EY Global Blockchain Lead Paul Brody’s latest essay for CoinDesk: “We Are Already Living in a Post-Scarcity World.”

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Nuthawut Somsuk/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Some economic titans debate one of the most important questions in macro today.

This episode is sponsored by NYDIG.

Last weekend, Jack Dorsey set the internet alight when he proclaimed, “Hyperinflation is going to change everything. It’s happening.” That kicked off a mighty debate involving Cathie Wood, Elon Musk, Jeff Booth and others. At the heart of it is the question of whether inflation or deflation is the more powerful force in the months and years to come.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: OsakaWayne Studios/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Massive validation of Web 3 builders or a dictatorship in the making?

This episode is sponsored by NYDIG.

Facebook announced yesterday it is changing its corporate name to Meta. The name change reflects the company’s growing focus on virtual reality, augmented reality and a new version of the internet that people are calling the metaverse. In this episode, NLW looks at the reactions to the news, from those who think it represents a huge mainstreaming opportunity for crypto and non-fungible tokens to those who see it as potentially devastating for the future of the internet.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: David Paul Morris/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is it a playback of 2017 ICO madness or is there something more significant here?

This episode is sponsored by NYDIG.

NLW today provides 14 different takes on shiba inu coin (SHIB) that reflect the range of perspectives across the crypto community, including:

  • “You could have been a billionaire if…”
  • This plays into regulator’s hands
  • “If it only goes to a dollar…”
  • Are the institutions really coming in?
  • At what point do we take memes seriously?
  • Market nihilism
  • And more!

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Irina Vaneeva/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Another U.S. regulator has entered the arena, trying to be the top crypto cop on the beat.

This episode is sponsored by NYDIG.

On today’s episode, NLW does an extended brief, covering:

  • The CFTC Chair arguing for more power to regulate crypto
  • Comments from the FDIC chair saying that banks need to be allowed to participate in crypto markets
  • The latest CBDC efforts from Europe and Nigeria
  • Bakkt hooks up with Mastercard
  • A bitcoin ETF news roundup
  • Robinhood down badly in crypto revenue for Q3

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Exit” by Isaac Joel. Image credit: wenjin chen/DigitalVision Vectors/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bloomberg is reporting that a forthcoming U.S. Treasury Department report will give the Securities and Exchange Commission broad powers to regulate the $131 billion part of the crypto industry.

This episode is sponsored by NYDIG.

2021 has been the year of crypto regulation. In China, that has manifested as a complete banning of bitcoin mining and crypto trading. In the U.S., the verdict is still out, but it has been clear there has been a fair bit of jockeying behind the scenes for authority. A new report suggests the Securities and Exchange Commission has been successful in its lobbying efforts to take a stronger hand with the fast-growing stablecoin market.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Exit” by Isaac Joel. Image credit: Joshua Roberts/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Do Kwon and Terraform Labs are suing the Securities and Exchange Commission for due process violations resulting from a recent subpoena.

This episode is sponsored by NYDIG.

At Messari’s Mainnet conference in September, rumors flew that the U.S. Securities and Exchange Commission had served a subpoena on a decentralized finance (DeFi) protocol founder moments before he was set to speak on stage. The rumors were confirmed late last week when Terraform Labs and CEO Do Kwon filed a lawsuit against the SEC for due process violations. On today’s episode, NLW breaks down the lawsuit, the community’s response and what the precedent and outcome might mean for the industry going forward.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Exit” by Isaac Joel. Image credit: Brendan Hoffman/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com.

The IMF has outlined yet another set of concerns it holds about crypto. Is crypto really the problem, or is the IMF just afraid of the things it cannot control?

Join hosts Adam B. Levine, Jonathan Mohan and Andreas M. Antonopoulos as they dissect the October global financial stability report from the International Monetary Fund (IMF) subtitled “COVID-19, Crypto and Climate: Navigating Challenging Transitions.” An entire chapter of the report is dedicated to destabilization factors crypto poses, at least as identified by the IMF. It even coined a new term, “cryptoization,” to refer to the introduction and/or substitution of crypto in emerging markets.

Although worries of supply shocks, supply chain inflation and stagflation fill headlines, the IMF placed crypto in the top three stability concerns. Is the organization gearing up to poise crypto as the scapegoat in case of an oncoming financial crisis?

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Crystal Blockchain is building a better, safer cryptocurrency space with end-to-end solutions for all your analysis, investigative, and compliance needs. The team of world-class experts creating a more transparent crypto economy via blockchain analysis. Learn how to get started at crystalblockchain.com.

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Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan and Adam B. Levine, with music by Gurtybeats.com. Our episode art is a photograph by Giorgio Trovato/Unsplash recreated by Speaking of Bitcoin

Any questions or comments? Send us an email at adam@speakingofbitcoin.show

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If you think DAOs aren’t going to be a thing, listen to this.

This episode is sponsored by NYDIG.

On today’s “Long Reads Sunday,” NLW tells the story of PleasrDAO buying a one-of-a-kind hip hop album, and what it means that the U.S. government is interacting with this new type of collective. He also reads:

How to Do Business as a DAO

Thread: DAOs as Changing the Fate of the Species

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Michael Hurcomb/Corbis Entertainment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at ETF performance, fundraising and new mainstream and institutional involvement in the asset class.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap,” NLW covers:

  • The record-setting performance of the first bitcoin futures exchange-traded fund and what happens next as new ETFs come to market
  • A massive spate of fundraising, particularly for crypto-focused venture capital funds
  • New institutional and mainstream adoption of crypto by $2 trillion asset manager PIMCO and Walmart

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: MicroStockHub/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Here’s why the wildly ambitious project is triggering so many people.

This episode is sponsored by NYDIG.

Today’s episode is nominally about Worldcoin. The project launched this week with ambitions to airdrop a new cryptocurrency on everyone in the world. To do so, it’s using biometric eye scanning to identify people and the entire cryptosphere – bitcoiners, ethereans and beyond – are sort of not having it. NLW gives the context and background of Silicon Valley’s history with bitcoin and crypto in order to help explain the reaction to Worldcoin.

Featuring Dan Held “Why Silicon Valley Doesn’t Get Bitcoin.”

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Klaus Vedfelt/DigitalVision/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The well-known hedge funder represents a growing sentiment among the American public.

This episode is sponsored by NYDIG.

Last year, Paul Tudor Jones wrote a paper called “The Great Monetary Inflation” that would end up creating narrative motivation for many traditional retail and institutional investors to allocate to bitcoin as an inflationary hedge. On today’s episode, NLW looks at the rising discussion of inflation in the media and in mainstream American society. He discusses why the inflation conversation, even more than the ProShares bitcoin futures ETF, might be driving bitcoin’s current rise. He also shares Paul Tudor Jones’s latest comments from “Squawk Box” on CNBC regarding the inflation issue.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Michael Nagle/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The market reacts to an exciting milestone.

This episode is sponsored by NYDIG.

On today’s episode of “The Breakdown,” NLW looks at the market’s reaction to a new bitcoin all-time high, including:

  • The success of the first day of the ProShares bitcoin futures exchange-traded fund
  • Why the ETF didn’t end up being a “buy the rumor, sell the news” event
  • Why the new ATH is all the more impressive given the recent FUD and actions by the Chinese government
  • Why this ATH has some very different on-chain dynamics from previous ones

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Konstantin Maksimov/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Could the Bitcoin ETF be headed for a record premier?

This episode is sponsored by NYDIG.

On today’s episode, NLW catches up on a variety of topics from the past week, including:

  • How the first day of trading the ProShares $BITO bitcoin futures ETF is going (and why it could be headed for record breaking volume).
  • Grayscale formally starting the process to convert GBTC into a bitcoin spot ETF
  • The NYAG goes after Nexo and Celsius around crypto yield products
  • The Treasury trying to get crypto companies on board with a sanctions program
  • Facebook’s Novi launches with a non-diem stablecoin
  • Square looking to explore the bitcoin mining game
  • Guggenheim’s Scott Minerd leaves bitcoin

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Peter Finch/Stone/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The ProShares ETF will land on the NYSE tomorrow under ticker $BITO.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW rounds out the story of the bitcoin futures ETF process that has dominated crypto chatter for the last week or more. He looks at the details of the first ETF that will go live, as well as why some on Twitter argue this is really just a product for short-term traders. Finally, he looks at the significance of news that Grayscale will endeavor to convert its bitcoin fund into an ETF.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: George/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of the SEC commissioner’s recent speech at the Texas Blockchain Summit.

This episode is sponsored by NYDIG.

On this week’s “Long Reads Sunday,” NLW reads SEC Commissioner Hester Peirce’s recent speech: “Lawless in Austin.”

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: danm/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com.

Why did a joke cryptocurrency with zero ambition find massive success, yet a calculated military campaign with PLENTY of ambition turned into a massive failure? With the right leverage, ten men can fight like one hundred, and one coin can spend like a million.

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Crystal Blockchain is building a better, safer cryptocurrency space with end-to-end solutions for all your analysis, investigative, and compliance needs. The team of world-class experts creating a more transparent crypto economy via blockchain analysis. Learn how to get started at crystalblockchain.com.

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Have any questions or comments? Send us an email at adam@speakingofbitcoin.show

Today's show was written, performed and edited by George Frankly with additional production support from Adam B. Levine, featuring music by Left Handed Traffic.

Our episode art was created by Speaking of Bitcoin

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Both Coinbase and a16z released policy frameworks this week.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown Weekly Recap,” NLW looks at two new policy frameworks released by companies in the crypto and Web 3 space. The first comes from Coinbase and argues there should be a new regulator for digital assets. The second comes from venture capital firm Andreessen Horowitz (a16z) and is a holistic approach to what it calls the third generation of the internet.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: franckreporter/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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We’ll know for sure next week, but all signs point to "go" for a bitcoin futures ETF to begin trading.

This episode is sponsored by NYDIG.

On today’s episode, NLW looks at the buzz and excitement around a bitcoin futures ETF. The historical moment could be an inflection point for new audiences to get into the asset class. At the same time, there are some who suggest that a bitcoin futures ETF won’t be all it’s cracked up to be.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Why financial stability discussions should focus on institutions and transparency, not underlying assets.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW takes a deep dive into a recent speech by Sir Jon Cunliffe, the Bank of England’s Deputy Governor, Financial Stability. The speech was called “Is ‘crypto’ a financial stability risk?” NLW explores the four reasons Cunliffe is concerned about the potential for crypto to grow into a systemic financial risk. He argues that ultimately the focus on digital assets is a distraction from the real problem: opaque institutions in the traditional financial system.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: RyanKing999/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The percentage of global hash power that comes from the U.S. is now above 35%.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at how the United States has been perhaps the greatest beneficiary of the Great Hashrate Migration away from China following the country’s mining ban in May. This has political implications for how bitcoin is treated in the U.S. At the same time, the U.S.’ overall regulatory stance toward crypto remains confused. NLW looks at comments from three separate SEC commissioners that show three separate perspectives on the industry.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Yurchello108/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The JPMorgan head says he thinks BTC is “worthless” even as his company adds new offerings around crypto.

This episode is sponsored by NYDIG.

Ah, Jamie Dimon. One of the longest duration skeptics of bitcoin, and one of the most consistently wrong from a market perspective. Yesterday, the JPMorgan Chase CEO added new material to his anti-bitcoin cannon and Bitcoin Twitter was extremely quick to respond. Indeed, part of that response was colored by general bullishness as bitcoin experienced another surge up past $57,000. NLW explores Bitcoin Twitter’s reaction to Dimon’s comments and looks at why many think the current rally is being driven by institutions, not retail.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Justin Sullivan/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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According to White House sources, the order would clarify regulatory authority.

This episode is sponsored by NYDIG.

On today’s episode, NLW looks at recent reports the Biden administration is weighing an executive order on crypto. The order would involve numerous agencies and create a common approach to the industry. Unfortunately, the work is being held up by the fact that the administration doesn’t have anyone who knows about crypto on its team, barring one adviser who recused himself because he owns bitcoin. NLW also looks at news from China and U.S. Sen. Ted Cruz’s comments on bitcoin mining in Texas.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Chip Somodevilla/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of Adam Blumberg’s recent essay for CoinDesk.

This episode is sponsored by NYDIG.

On this edition of “Long Reads Sunday,” NLW reads “Revolution, Macro and Micro: Three Ways to Look at a Bitcoin Investment.” Blumberg argues that as bitcoin and digital assets get more mainstream, the industry would do well to better understand the different philosophies that pull in people.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Vasil Dimitrov/E+/Getty Images, modified by CoinDesk.

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This time on Speaking of Bitcoin, join hosts Stephanie Murphy, Jonathan Mohan and Adam B. Levine for a look at bitcoin tipping through the ages. From the dogecoin-like fun and fervor of the early days to the game-changing bridges that first brought it to twitter, the hosts dig into Youtube, Changetip, TechCrunch and more.

Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com.

But what happened to tipping? What was once the raison d'être of the early cryptocurrency experience faded away, as what was thought of as money turned out to be gold: Too precious to just toss around... Or was it?

In this episode we dig into the thought, experience and philosophy behind bitcoin tipping, how it changed and finally whether it's on the uptrend yet again.

Links from this episode:

  • Youtube is Broken - Rethinking Content Monetization with Bitcoin (2013)
  • Kickstarter Coins - TechCrunch (2014)

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Crystal Blockchain is building a better, safer cryptocurrency space with end-to-end solutions for all your analysis, investigative, and compliance needs. The team of world-class experts creating a more transparent crypto economy via blockchain analysis. Learn how to get started at crystalblockchain.com.

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Have any questions or comments? Send us an email at adam@speakingofbitcoin.show

Today's show featured Adam B. Levine, Stephanie Murphy and Jonathan Mohan. This episode was edited by Jonas, with music by Jared Rubens and Left Handed Traffic.

Our episode art from a photo by Keszthelyi Timi/Unsplash, modified by Speaking of Bitcoin.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at how natural gas shortages could wreak havoc with the global economy.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown Weekly Recap,” NLW looks at supply chain disruptions, including:

  • Natural gas shortages across Europe and the U.K. that could impact electricity prices and even the global food supply
  • Numerous dislocations that are increasing the price of Christmas trees and reducing the availability of presents
  • Shipping port issues outside of Los Angeles

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Joe Raedle/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Bank of America released a new research report that says digital assets are still in the first inning.

This episode is sponsored by NYDIG.

On today’s episode, NLW covers some of the topics he’s missed throughout the week, including:

  • A new report from Bank of America that calls digital assets “too big to ignore”
  • US Bank custodying crypto via NYDIG
  • An underperforming jobs report
  • Bitcoin futures ETF speculation hits fever pitch
  • Chainalysis report on global adoption
  • BitGo sees growing corporate interest
  • The Federal Reserve says it's going to start researching a CBDC

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Andriy Onufriyenko/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From bitcoin futures ETF speculation to macro insecurity, the arguments for autumn being bitcoin season get stronger and stronger.

This episode is sponsored by NYDIG.

On today’s episode, NLW looks at the growing excitement around bitcoin, including:

  • Its decoupling from the stock market
  • What it means that U.S. institutional-focused CME futures are outpacing Deribit retail-focused international futures
  • How bitcoin futures exchange-traded fund (ETF) speculation is driving excitement
  • How growing macro insecurity is driving the BTC narrative

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Leafedge/DigitalVision Vectors/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The comments during testimony before Congress follow a similar sentiment from Fed Chair Jerome Powell last week.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” another major regulatory figure has confirmed he has no intention of banning crypto. During testimony before Congress this week, Rep. Ted Budd (R-N.C.) asked Gensler if he planned to follow China in banning crypto (the same question Budd asked Powell last week). Gensler’s answer, if not any sort of endorsement of crypto, did make clear that banning crypto wasn’t the SEC’s intention (or remit). On this episode, NLW looks at a number of other questions Gensler faced, along with a set of bills that have been introduced to change the way the U.S. deals with tokens.

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new report suggests the Biden administration is weighing regulating stablecoin issuers like banks.

This episode is sponsored by NYDIG.

On today’s episode, NLW homes in on recent reports surrounding the Biden administration's plans for stablecoins. A new report from the Wall Street Journal says there is a debate between using the Financial Stability Oversight Committee to add new rules for stablecoins and to regulate stablecoin issuers like banks. The crypto industry’s big question seems to be: Will crypto institutions be allowed to play, or will big banks shove them out?

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: kentoh/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new 2.94 terabyte data leak doxes tens of thousands of offshore accounts of prominent individuals including government officials, billionaires and more.

This episode is sponsored by NYDIG.

On today’s episode, NLW breaks down the latest in a string of embarrassing leaks about how the world’s elite and wealthy use offshore accounts to obfuscate ownership and hide their wealth. He looks at:

  • How the Pandora Papers compare to the 2016 Panama Papers and the 2017 Paradise Papers
  • Examples of surprising revelations
  • How South Dakota has become a wealth haven
  • What the leaks mean for future crypto crackdowns

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Hiroshi Watanabe/DigitalVision/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“Long Reads Sunday” tackles the hard questions through Twitter threads.

This episode is sponsored by NYDIG.

On this week’s edition of “Long Reads Sunday,” NLW reads four Twitter threads:

Alex Gladstein on whether the crypto experiment has failed

  • https://twitter.com/gladstein/status/1442518707926831105

Russian political opposition figure Alexey Navalny on big tech complicity

  • https://twitter.com/navalny/status/1441065558267633666

Adam Cochran on the debt ceiling chicken game

  • https://twitter.com/adamscochran/status/1443392843456864265

Jason Yanowitz on why CryptoPunks will be worth $10m

  • https://twitter.com/JasonYanowitz/status/1442896400119832577

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Blockchain technology presents opportunities for dissonant opinions, fractionalization and internal reform unmatched in the fiat world.

Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com

Join hosts Jonathan Mohan, Stephanie Murphy and Andreas M. Antonopoulos as they dissect “Voice and Exit,” or the power and necessity of being able to impact a system, whether financial, social or governmental, and if necessary, leave altogether. “Voice and Exit” was popularized by Balaji Srinivasan in 2013, where Srinivasan outlined how voice is attempting to change a system from within, while exit is leaving to create a new one.

Crypto has provided new methods to exercise voice and exit. Forks, software or protocol changes that users can choose to upgrade to, are an example of exit inherent to blockchain technology. Forks give the community a chance to decide whether to continue with the upgrade or remain in the old rules; forks have created spin-off currencies like Bitcoin Cash and Bitcoin SV.

As opportunities for voice and exit seem to be gradually disappearing, can crypto help those who need them most?

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Crystal Blockchain is building a better, safer cryptocurrency space with end-to-end solutions for all your analysis, investigative, and compliance needs. The team of world-class experts creating a more transparent crypto economy via blockchain analysis. Learn how to get started at crystalblockchain.com.

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Episode art is a photo from Wesley Tingey/Unsplash, modified by Speaking of Bitcoin

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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It’s not the broker provision, but lurks in the same infrastructure bill and could conceivably be worse.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

  • Hidden crypto tax provision 6050I
  • Chilling language from British lawmakers around using CBDCs to control citizens’ spending
  • The Compound political gaffe

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In comments before the House Financial Services Committee the Fed chair says it’s not his intention to ban crypto.

This episode is sponsored by NYDIG.

On today’s episode, NLW discusses the market mood shift as September becomes October, and looks at:

  • Powell’s comments on crypto bans before Congress
  • El Salvador’s volcano bitcoin mining
  • Mayor Suarez’s MiamiCoin
  • A Helium initiative to fix the digital divide

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From a more favorable regulatory standing to mining fundamentals and adoption, autumn looks like a good time to bitcoin.

This episode is sponsored by NYDIG.

On today’s episode, NLW looks at why bitcoin could be poised to grab more mindshare this fall, including:

  • Coming regulatory pressure on DeFi and stablecoins
  • Regulatory clearance for bitcoin (and a bitcoin futures exchange-traded fund)
  • Fundamentals and the great hashrate migration out of China
  • Adoption and proof points on Twitter and in El Salvador
  • Historical cyclical patterns

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: TRAVELARIUM/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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With CFTC Commissioner Dawn Stump’s corresponding call for her agency to provide more regulatory clarity, many say the enforcement action is actually a win for crypto.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at the $1.25M settlement Kraken just finalized with the Commodity Futures Trading Commission, which accused the crypto exchange of offering margin lending products without the proper licensing. Many noted the small size of the settlement suggested a more lenient CFTC. More important, however, was CFTC Commissioner Dawn Stump’s concurring statement, which called upon her colleagues to replace the current guidance - nearly four years old in concept at this point - with real, formalized rules.

Also today on the Brief:

  • Elizabeth Warren lambastes Fed Chair Jerome Powell
  • A positive new crypto mining bill from a bipartisan source
  • Ripple launches a $250 million NFT fund

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Marilyn Nieves/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a Wall Street Journal investigation uncovers hundreds of U.S. judges who ruled on cases involving companies they had investments in.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW explores traditional financial system actors behaving badly, including why two Fed presidents are retiring early after revelations that they were actively trading stocks at the height of last year’s market crisis. He also covers:

  • A new WSJ investigation that found 131 federal judges had broken the law by not recusing themselves from cases where they had a financial interest
  • The latest macro issues around Evergrande, inflation and more
  • More crypto companies leaving China for good

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Cooper Neill/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The crypto community weighs in on whether the latest out of the People’s Bank of China is any more significant than previous “bans.”

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at two major recent stories.

Twitter has added bitcoin tipping features. The features take advantage of the Lightning Network powered by Strike and has started rolling out to iOS users. Additionally, the Twitter team says they’re exploring NFT avatar authentication as well as crypto integration with other monetization features.

Even bigger was the latest out of the People’s Bank of China, which seems to make illegal a broad range of crypto trading-related activities that were, if not approved before, at least in a gray area. Huobi has subsequently suspended new Chinese user registrations and will be gradually shutting down all Chinese accounts. NLW looks at what the implications might be for DeFi and for U.S. crypto regulation.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Iuliya Moshkareva/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Four Twitter threads that paint an interesting picture of where crypto fits in a larger pattern of societal change.

This episode is sponsored by NYDIG.

This week’s “Long Reads Sunday” returns to the format’s roots with four threads from Twitter:

Chris Dixon on tokens as a new web primitive

  • https://twitter.com/cdixon/status/1440026947036356619

Raoul Pal on the coming change to securities laws

  • https://twitter.com/RaoulGMI/status/1440361603459735556

Cozomo (aka Snoop) on getting into Punks

  • https://twitter.com/CozomoMedici/status/1433587285035913217

Kris Sidial on why millennial investing is not the same

  • https://twitter.com/Ksidiii/status/1434299567974100996

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: gremlin/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In the early days of Bitcoin, a few idealistic individuals attempted to live entirely on the bitcoin currency. Nine years and an abundance of technological developments later, is an entirely closed-loop bitcoin economy possible, or even useful?

Join hosts Jonathan Mohan, Stephanie Murphy and Andreas M. Antonopoulos as they reflect on bitcoin’s evolution as a currency and commodity. In the early days, an era of retail adoption as merchants began to accept bitcoin from their customers seemed to point to a bright future for daily bitcoin use. The 2013 IRS addendum treating bitcoin as a commodity, rather than as a foreign currency, quickly made transactions a burden with onerous tax reporting requirements, dimming that retail bitcoin future.

In the time since, the crypto community has adopted a HODL mindset. Why spend bitcoin if it’s disinflationary in nature and will bring you more value in the future? Those idealistic individuals' dreams of bitcoin as a daily currency may no longer align with bitcoin's maturation.

Developments in layer 2 technology, like the Lightning Network, have allowed experiments in bitcoin as legal tender to be not only a possibility, but a pragmatic choice for governments like El Salvador’s. With news of Ukraine considering following in El Salvador’s footsteps, will clusters of closed-loop bitcoin life bloom around the world?

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Do you have any questions or comments? Send us an email at adam@speakingofbitcoin.show

Today's show featured Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan. This episode was edited by Jonas, with music by Jared Rubens and Gurty Beats. Our album art is based off a photo by Ishan_@seefromthesky on Unsplash, modified by Speaking of Bitcoin

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From regulatory intrigue to new types of actors coming into markets, are we at an inflection point?

This episode is sponsored by NYDIG.

On this edition of “The Weekly Recap,” NLW looks at the heightened state of affairs in the crypto landscape, from celebrity interactions with NFTs to the latest bluster from the SEC. This one goes to 11.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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From growth in Lightning Network capacity to outstanding stablecoin supply, a numerical tour.

This episode is sponsored by NYDIG.

NLW looks at the current state of crypto markets through numbers, including:

  • Bitcoin illiquid supply
  • Lightning Network capacity
  • Evergrande’s debt
  • The total value of CryptoPunks
  • And more

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Vertigo3d/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How will markets handle less Fed support for the bond markets and eventual interest rate increases?

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW examines the upcoming Federal Reserve winding down, or taper, of its support for the markets. This includes scaling back its bond-buying programs, a process that could begin as early as next month and conclude the middle of next year. Plus, the Fed may raise interest rates before the end of 2022. Additionally, on the Brief, he covers:

  • A $50 million fundraise for a former ConsenSys exec
  • A new social token focused accelerator
  • Invesco and Galaxy team on crypto ETFs

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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What Snoop’s reveal says about the state of NFTs and crypto in general.

This episode is sponsored by NYDIG.

Today on the Brief:

  • BlockFi gets another extension
  • Chainalysis’s secret data honeypot
  • Robinhood crypto finally gets transfers

In our main discussion, NLW talks how crypto has mainstreamed over the last year, including:

  • Bitcoin for hedge funders
  • Bitcoin for El Salvador
  • NFTs for NBA fans
  • NFTs for crypto OGs and celebrities

He specifically looks at what rapper Snoop Dogg’s anon account disclosure in the space means for the future.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Gary Miller/Getty Images Entertainment, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at the latest regulatory action in what seems like a quickly gathering storm.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at reports from Messari’s Mainnet conference that the Securities and Exchange Commission served one of the speakers with a subpoena right before a panel. He discusses:

  • The growing tension between securities regulators and crypto lending and interest programs
  • Why Coinbase backed down from its fight with the SEC about its upcoming Lend product
  • The non-news from today’s Gary Gensler webinar
  • OFAC’s first sanctions against a crypto exchange.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Lyubchik Prokopchuk/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at the historical trend as well as what’s driving weakness in the crypto and stock markets.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at the historic weakness in the bitcoin market in the month of September. He examines:

  • The numbers that show how persistent this trend has been
  • Some anecdotal explanations for why it’s so
  • Why September is the worst month for stocks historically
  • The role of summer vacation and mutual fund fiscal years in that historic weakness
  • The latest regulatory FUD around crypto and why stablecoins are the next big target

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: jokerpro/iStock/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Does the Fed really want to be the morality police for payments?

This episode is sponsored by NYDIG.

A reading of JP Koning’s essay for Coindesk “Are Central Bankers Ready for Payments Theater?”

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Stefani Reynolds/Bloomberg/Getty Images, modified by CoinDesk.

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A roundup of regulatory and global macro news from the previous week.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

  • The latest in China’s Evergrande crisis
  • Texas and New Jersey target Celsius on their lending products
  • Bitcoin adoption in Laos
  • A wrap-up on the OpenSea NFT front running scandal

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: krisanapong detraphiphat/Moment/Getty Images, modified by CoinDesk.

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The real estate developer is teetering on the brink of collapse, but what might it bring with it?

This episode is sponsored by NYDIG.

Today’s show is a look at one of the most important but under-discussed macro events in the world today: the crisis surrounding China’s massive real estate developer Evergrande. The company’s share price has fallen more than 85% this year and around the country, people are protesting as more than 1.5 million deposits for homes were taken without fulfillment. In this episode, NLW looks at whether the risk is limited to just Evergrande, or whether it represents a larger systemic risk for China or the world as a whole.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Qilai Shen/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at how China is staying vigilant on keeping mining out.

This episode is sponsored by NYDIG.

Today’s episode of “The Breakdown” looks at a variety of topics covering the evolving relationships between states and digital currencies, including:

  • Inner Mongolia’s fight to keep crypto mining out
  • Laos’ official about-face on crypto and attempt to attract China’s mining refugees
  • CZ’s latest in Binance’s whistlestop tour to change regulators’ perception of the company
  • Europe’s upcoming ECB trial
  • Coinbase’s derivative ambitions
  • And a big raise for Avalanche

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Mlenny/E+/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Gensler testified before the Senate yesterday. This is what we learned.

This episode is sponsored by NYDIG.

Today on "The Breakdown," NLW examines SEC Chair Gary Gensler’s testimony yesterday in front of the Senate Banking Committee. He discusses:

  • How some allies from the Infrastructure Bill put the screws to Gensler on lack of clarity around securities designation
  • How Gensler is trying to redefine stablecoins
  • Warren and Gensler’s dubious understanding of ETH fees
  • The central problem of free markets vs. investor protections

NLW also covers the Solana outage and the reports of insider trading at OpenSea.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Steve Cohen, Jump Trading, Bain Capital among those increasing their exposure to crypto.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW looks at an array of recent fund announcements, including:

  • Dan Tapiero and 10T’s $750 million
  • Pantera raising a $600 million fund
  • Jump Capital announcing a new $350 million fund with more focus on crypto and Jump Trading launching Jump Crypto
  • Mets’ owner Steve Cohen investing in a high-frequency trading firm
  • Bain Capital Ventures launching a dedicated crypto fund

What does it say about the state of the crypto markets? Listen to find out.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Feodora Chiosea/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A fake press release fools far too many.

This episode is sponsored by NYDIG.

At 9:30 a.m. ET, a press release from “Walmart Inc” dropped today claiming that the company was partnering with Litecoin to begin accepting the 2016-era crypto darling at its retail locations. The news, seemingly fishy, was nonetheless reported as true by nearly every crypto outlet and numerous mainstream outlets, as well. In today’s episode, NLW breaks down:

  • What happened and how the news spread
  • The context clues in the release that should have aroused suspicion
  • The smoking guns of fakeness in the release that REALLY should have aroused suspicion
  • Why the scam was designed to target press
  • Why the ensuing pump is likely to draw regulatory ire.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: David Swanson/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of a recent speech from the Bank for International Settlements.

This episode is sponsored by NYDIG.

A reading of a recent speech by Benoit Cœuré, the head of the BIS Innovation Hub, on “Central bank digital currency: the future starts today.”

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing this episode by Michele Musso and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Hiroshi Watanabe/DigitalVision/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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El Salvador’s decision to make bitcoin legal tender shocked the world. Earlier this week the rapidly-developed and adopted bitcoin law went live, kicking off what seems primed to be an era of accelerated change unlike anything seen in our lifetimes.

Join hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy for a quick three part discussion on the launch challenges, implications and listener comments from our previous show on the topic.

First, the launch: It was messy, but it happened. Alex Gladstein had an insightful twitter thread in the days leading up to it. Matt Ahlborg dug into the day-1 government issued wallet and found a mixed bag. He found extra controls on the money given out at launch but a fairly robust technological package including native SegWit support and a functional lightning network integration

Second, the implications: This path towards adoption was not what we expected. What El Salvador's move to use bitcoin directly suggests is that dollarized nations, or those who use another countries currency and in doing so become subject to their monetary policy decisions, may prefer bitcoin's non-monetary policy to either domestic or imported control. That's in sharp contrast to nations like India, China and the US who use their currencies and controls over it to accomplish policy goals. These powerful players see central bank digital currencies as a way to supercharge their monetary policy compared to their influence today over physical banknotes.

And finally, the local perspective: We had two listeners write in with corrections to our prior episode (We were incorrect about the reason why El Salvador "dollarized" their economy in 2000, it was billed as a move to lower the cost of borrowing, not because of elevated inflation) along with the many concerns and questions which are still unanswered. You'll find both listeners comments in full linked below.

Links from the episode:

  • Federeco's El Salvador Perspective
  • Rafael's El Salvador Perspective

Have any questions or comments? Send us an email at adam@speakingofbitcoin.show

Today's show featured Andreas M. Antonopoulos, Stephanie Murphy and Adam B. Levine. This episode was edited by Jonas, with music by Jared Rubens and Gurty Beats. Our album art is based off a photo by Photo by Wilson Edilberto Santana Suarez on Unsplash, modified by Speaking of Bitcoin

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The founder of 10T talks regulation, his fund’s recent $750 million raise and more.

This episode is sponsored by NYDIG.

Dan Tapiero, founder of 10T, returns to “The Breakdown” to discuss:

  • Investing $750 million into growth equity for digital asset ecosystem startups
  • The number of crypto unicorns growing from 20 to 70 in a year
  • How institutional investor questions have changed over the last 12 months
  • How regulatory headwinds are negatively impacting the U.S. crypto industry
  • Why the long-term macro environment is likely to stay positive for crypto for years to come

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Boris SV/Moment/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The pattern continues as former Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz joins Andreessen Horowitz (a16z).

This episode is sponsored by NYDIG.

Today on the Brief:

  • NFT volume cools down but interest remains strong
  • Mastercard is acquiring CipherTrace
  • European Central Bank and the Federal Reserve begin preparing for asset purchase tapers this autumn

Our main discussion is about the flow of regulators from the U.S. government into the crypto industry. NLW looks in particular at Brian Quintenz, who is joining Andreessen Horowitz, and Chris Giancarlo, the former CFTC chair whose new book is “CryptoDad: The Fight for the Future of Money.”

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Toya Sarno Jordan/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Plus a look at the latest out of El Salvador as well as Panama’s new crypto legislation.

This episode is sponsored by NYDIG.

El Salvador made history on Tuesday, Sept. 7, when it became the first nation to make bitcoin legal tender. In this episode, NLW reviews the first day of bitcoin in El Salvador, including reports from the ground as well as the salty tears of anti-BTC libertarians. He also looks at new crypto legislation out of Panama. Finally, he covers a new bill to legalize and regulate bitcoin and crypto in Ukraine.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: andreydayen/RooM/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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According to the company, the SEC has threatened to sue over the not-yet-launched Coinbase Lend product.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW briefly covers yesterday’s bitcoin price crash and why it was driven by market structure more than news. The main topic focuses on revelations from Coinbase that after months of engagement around its upcoming Lend product, the SEC is now threatening to sue. NLW examines the controversy from five dimensions:

  • The argument for and against lending as a security
  • The SEC’s pattern of regulation by litigation
  • How the SEC is rewarding bad actors by punishing compliance
  • The concerning surveillance implications of one of the SEC’s requests
  • Why these strong-arm tactics are doomed

Should Coinbase take the battle to court?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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NLW looks at the controversy and potential surrounding the implementation of El Salvador’s new bitcoin law.

This episode is sponsored by NYDIG.

El Salvador’s bitcoin legal-tender law goes into effect today. NLW looks at the recent controversy surrounding the law, including:

  • Institutional controversy – why the International Monetary Fund (IMF) and World Bank don’t like the law
  • Bitcoiner skepticism – why some aren’t convinced the law should force merchants to accept BTC
  • Authoritarian blues – why some are concerned with the Bukele government itself

June 12th/Bitcoin Beach Breakdown episode

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Michele Musso. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: APHOTOGRAFIA/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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One of the world’s most interesting thinker joins NLW for a wide-ranging discussion

This episode is sponsored by NYDIG.

This interview originally aired December 19th, 2020.

Balaji Srinivasan is an angel investor and entrepreneur, the former CTO of Coinbase, a former General Partner at Andressen Horowitz and more.

In this wide-ranging conversation with NLW, he discusses:

  • How networks are taking a power role once reserved for god and the state
  • Why pre-internet institutions will not survive the internet
  • Why bitcoin at $1 million is a global government
  • Woke capital vs. communist capital vs. crypto capital

Find our guest online: @balajis

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Oleksii Liskonih/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of David Hoffman’s latest essay for Bankless

This episode is sponsored by NYDIG.

On this week’s Long Reads Sunday, NLW reads David Hoffman’s recent essay in Bankless “The Metaverse Emerges”

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Michele Musso. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Michael Stevenson/UIG/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Has decentralized gaming just created virtual menial labor?

Join hosts Adam B. Levine, Jonathan Mohan and Andreas M. Antonopoulos as they dive into the world of Axie Infinity and the growing global meta economy. Axie Infinity, a Pokémon-esc play-to-earn game on the Ethereum blockchain, has exploded in popularity around the world. The primary user-base has remained grounded in the Philippines as Filipinos from all walks of life buy, borrow, breed, trade and fight in-game NFT characters called “Axies.”

These fighting cartoon pets have earned players legitimate money – in some cases, enough to sway workers to quit their jobs to pursue Axie full-time. The pandemic and subsequent lockdowns, especially in places like the Philippines, only make Axie that much more enticing. Individuals and groups with more capital have also snapped on the Axie opportunity in the forms of “scholarships” and lending schemes.

Axie Infinity, and in particular, the lending schemes, prompt a larger conversation about the ethical implications of exporting work and the geographic inequality of opportunities. In the best light, lending within play-to-earn can be seen as providing opportunities with profits orders of magnitudes higher than the local economies could provide. Yet, viewing the practice from a different angle, it can be seen as richer countries farming out low-paying work to individuals who have no better options locally.

Is Axie Infinity a solution or scam? Will the platform maintain its relevance or fizzle out?

See also: Some Filipino Merchants Prefer Payment in Axie’s SLP

This episode featured Adam B. Levine, Andreas M. Antonopoulos and Jonathan Mohan. It was edited by Jonas, our theme song comes courtesy of Jared Rubens and today's music during the break was Delta by Gurty Beats. Today's album art features a photo by Karen Fedida/Unsplash, modified by Speaking of Bitcoin.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is it the insane growth in prices, the wild community world building, or both?

This episode is sponsored by NYDIG.

On this edition of the Weekly Recap, NLW looks at Loot (for Adventurers), the newest NFT sensation. Unlike the “JPEG” or Avatar NFTs, Loot bags are sets of theoretical items for a theoretical game set in a theoretical fantasy world. Created by one of the co-founders of Vine, Loot absolutely took off this past week, racing to be one of the most traded NFTs, and attracting thousands upon thousands of people to start creating the world around those items. NLW explores what it means for the NFT space specifically and for the competition between digital and physical worlds more broadly.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Adrian Blust. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Lorado/E+/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at what we can expect around regulations, bitcoin adoption, NFTs, stablecoins and more

This episode is sponsored by NYDIG.

On this special episode of The Breakdown, NLW looks at what we learned over the summer and what the fall holds for different parts of the crypto industry and surrounding spaces, including:

  • The macroeconomic landscape
  • Regulatory battles
  • Bitcoin
  • NFTs
  • Layer 1 battles
  • CBDCs and stablecoins

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing and executive producing by Adam B. Levine. Our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Evgen Zaitsev/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As bitcoin hits $50,000 again, more news of institutional adoption and mainstreaming.

This episode is sponsored by NYDIG.

Today on the Brief:

  • Binance dinged by Singapore authorities while discussing Binance.us going public
  • Former CFTC Chair Giancarlo leaves BlockFi board of directors after only four months
  • SEC takes action against … Bitconnect?

Our main discussion: Franklin Templeton has posted a job listing for a crypto trader, while Vast bank now offers bitcoin buying and selling directly from FDIC banking. NLW explores what’s next in the bitcoin market cycle.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Adam Levine and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Malte Mueller/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A look at the historical context of Bitcoin in Silicon Valley and why today’s news matters.

This episode is sponsored by NYDIG.

On today’s episode, NLW takes a historical look at Silicon Valley’s relationship with Bitcoin. NLW explores why so many in Silicon Valley missed Bitcoin in the early days, why smart contracts made more sense to them (and fit with their funding model), and what Jack Dorsey’s support of Bitcoin all means. Finally, he uses that context to explain today’s leaked news that Twitter is building Bitcoin payments into its Tip Jar feature.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: farakos/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Today’s news reflects the full breadth of everything happening in the crypto industry.

This episode is sponsored by NYDIG.

On today’s episode, NLW breaks down a slew of stories that reflect different aspects of the crypto industry:

  • Billionaire John Paulson doesn’t like crypto
  • FTX US acquires LedgerX
  • Syndicate DAO raises $20 million
  • Layer 1 battles with Ethereum and Solana
  • Vintage Bitcoin-based “Rare Pepes” get repurposed and sold on OpenSea
  • Treasury trying to add MORE rules for crypto reporting

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Can Square make DeFi on Bitcoin a thing?

This episode is sponsored by NYDIG.

Today on the Brief:

  • NFTs have a monster month
  • Centre's global network of stablecoins
  • The Cuban government to recognize crypto

Our main discussion:

In July, Jack Dorsey, the CEO of Twitter and payments company Square, announced that Square was launching a new division focused on building decentralized infrastructure around Bitcoin. At the end of last week, we got more details about where Square is starting. The TBD division is going to kick off by building a decentralized exchange focused on bitcoin. NLW explores the reaction.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Joe Raedle/Getty Images News, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading from Nic Carter shows how payments became a tool of policy.

This episode is sponsored by NYDIG.

On this edition of Long Reads Sunday, NLW reads Nic Carter’s latest for CoinDesk “OnlyFans Shows How the Banking System Is Politicized.”

The piece provides the history of Operation Choke Point and how the legacy of financial weaponization persists to today.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW. Today’s episode was edited by Michele Musso and Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Peter Dazeley/The Image Bank/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Tether, Circle and Paxos all position for a new regulated stablecoin era.

This episode is sponsored by NYDIG.

On this week’s Weekly Recap, NLW breaks down the recent history of stablecoins and contextualizes recent news from Tether, Circle and Paxos. Could stablecoin providers be positioning themselves to be the rails of an eventual U.S. digital dollar?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: MirageC/Moment/Getty Images, modified by CoinDesk.

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The Fed couldn’t be clearer about continued long term dovish monetary policy.

This episode is sponsored by NYDIG.

The Kansas City Fed’s annual Jackson Hole Economic Symposium is sort of like TED for Central Bankers. In the lead-up to this year’s event, the conversation has been totally focused on whether or not Fed Chair Jerome Powell would signal a beginning of tapering of dovish support. NLW breaks down the expectations and Powell’s words to glean a picture of the monetary policy likely to come.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Michael Nagle/Bloomberg/Getty Images, modified by CoinDesk.

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An exploration of the history of global supply chains provides insight into just how fast – or slow – the return to normal may be.

This episode is sponsored by NYDIG.

First, on the Brief:

  • Bitcoin hash power coming back online
  • A new millionaire testing out crypto
  • An emerging music tokenization platform

Bitcoin saw a significant drop in hashrate after China’s mining bans. The network accordingly implemented its largest difficulty adjustment, a parameter to adjust incentives for mining, to date. Has this adjustment worked?

In investments, Simon Nixon, one of the winners of the dot-com bubble, has emerged as the newest millionaire to delve into crypto. Last on the Brief, Royal announced a $16 million raise for its music tokenization platform, the aim of which is to give more power to the artists when it comes to royalty rights.

In the main discussion: With inflation on the minds of many economists and consumers, the Federal Reserve pushed a “transitory” narrative while pinning the blame on supply chain issues. Looking back at the history of supply chains reveals why COVID-19 broke the global goods network. Are the supply chain issues going to be as transitory as the Fed hopes?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: MR.Cole_Photographer/Moment/Getty Images, modified by CoinDesk.

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The U.S. Treasury claims it will not target non-brokers, though the language of the bill differs with that claim.

This episode is sponsored by NYDIG.

First, on the Brief:

  • OnlyFans’ reversal of its decision to ban sexuually explicit content
  • Budweiser’s NFT Twitter profile picture
  • The U.K.’s warnings to Binance

Last week, OnlyFans announced it would ban sexually explicit content from its platform, citing three major banks that had refused service because of “reputational risk.” Today, the company suspended the policy change and lauded the community’s rallying support for creators who use the platform. Will larger financial institutions continue to put pressure on OnlyFans or other platforms to make them more “moral”?

Budwieser is the latest to follow Visa’s footsteps into the NFT domain. The beer maker announced it bought a rocket ship from NFT artist Tom Sachs’ Rocket Factory. Last on the Brief, specifics of the U.K.’s quarrels with Binance have been released, primarily centered around a lack of supervision capabilities.

In the main discussion, NLW addresses a new angle to the infrastructure bill. The Treasury has claimed that it will not target non-brokers, like miners, even if the bill’s language includes them. Can the crypto community trust the Treasury’s statements of goodwill?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Shawn Thew/EPA/Bloomberg, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Citigroup is the latest in a stream of institutional adoption into everything from NFTs to BTC.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown”:

  • Surveys and reports detailing expected institutional adoption
  • Citigroup to trade on the CME
  • Global perception of crypto, CBDCs
  • NFT and DeFi on the rise
  • Bitcoin news from Michael Saylor, Blockstream and Substack

Recent reports from Deloitte and Nickel Digital help set institutional and general public adoption expectations. Of 23 asset managers surveyed by Nickel Digital, more than half expected to increase crypto asset exposure by 2023, and a quarter to increase dramatically. Citigroup is one such investment company toying with BTC as the firm says it will trade bitcoin futures on the CME.

From the global perspective, a Politico survey of U.K. adults revealed a distrust and misunderstanding of CBDCs, while in India, retail crypto investment is up with young citizens looking for alternative ways to make money after strict COVID-19 lockdowns.

Visa’s CryptoPunk purchase fueled an NFT-buying frenzy, resulting in a daily sales volume record for Punks. DeFi on the whole, however, remains powered by experienced crypto enthusiasts, as the technological barrier to entry remains. Will NFTs bring more of the general population into DeFi?

Bitcoin’s rally above $50,000 this past weekend was bolstered by institutional news: Michael Saylor’s MicroStrategy’s latest purchase of BTC, Blockstream’s $210 million Series B funding round and Substack’s implementation of bitcoin as a payment option using the Lightning Network. Who’s next?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Brent Lewin/Bloomberg/Getty Images, modified by CoinDesk.

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Is it a marketing stunt or the beginning of a wave of institutional interest in NFTs?

This episode is sponsored by NYDIG.

Late Sunday evening, bitcoin pushed above $50,000 for the first time in three months. Overall BTC is up 46% in the last 30 days. NLW explores arguments that this move has been spot driven and connected to institutions and whales. He also looks at the potential implications of the Federal Reserve’s Jackson Hole meeting later this week.

In the second part of the show, he looks at the news that has Crypto Twitter on fire: Visa bought a CryptoPunk. The purchase, executed for around $150,000, is being maligned by some as a marketing stunt, while others see it as heralding a new era of institutional purchases of non-fungible tokens. NLW looks at both sides and ultimately argues that neither is exactly correct. Instead, it seems to be about inserting Visa’s business into a new digital market.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Alexi Rosenfeld/Getty Images Entertainment, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A reading of two recent threads from crypto VCs on creator coins, NFTs and more.

This episode is sponsored by NYDIG.

This week, “Long Reads Sunday” returns to its Twitter roots with a reading of two threads from crypto VCs. The first comes from Andreessen Horowitz’ Chris Dixon and the second from Kyle Samani of Multicoin. Together, they paint a picture of the emerging landscape of experiments around non-fungible tokens, creator coins, the metaverse and discuss the idea of time scarcity as a key determinant of value.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: PM Images/DigitalVision/Getty Images, modified by CoinDesk.

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Ethereum’s London hard fork, also known as EIP 1559, took place on Aug. 5. The backwards-incompatible upgrade reignited community debate over hard forks, soft forks and the best methods – most foolproof, least polarizing – to bring about change to a network.

Join hosts Adam B. Levine, Jonathan Mohan and Andreas M. Antonopoulos as they explore the various ways in which consensus has been reached recently across the two largest protocols. The differences in technology and underlying philosophy means some solutions are more enticing to Ethereum and others to Bitcoin.

Ethereum maintains a so-called “difficulty bomb,” whose fuse is lengthened with every upgrade. If it ever goes off, miners would face exponentially harder work and proportionally diminished rewards, forcing them to switch from the pre-fork chain to the upgraded one. Bitcoin’s equivalent to the difficulty bomb, the User Activated Soft Fork (UASF), accomplishes the same thing by other means. Are these mechanisms the proverbial ‘Chekhov’s Gun,’ inevitably to be used in some later act, or simply empty threats to coerce miners into compliance?

Listen to this episode of “Speaking of Bitcoin” for an in-depth explainer of how wide-spread change occurs across decentralized networks and what changes might be in store for the future.

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This episode featured Adam B. Levine, Andreas M. Antonopoulos and Jonathan Mohan. It was edited by Jonas, our theme song comes courtesy of Jared Rubens and todays music during the break was Sloth Beats by Gurty Beats. Today's album art features a photo by Anita Jankovic/Unsplash, modified by Speaking of Bitcoin.

Have any questions or comments? Send Adam an email at adam@speakingofbitcoin.show

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Last month’s FOMC meeting minutes show crypto and stablecoins came up for the first time ever as an official topic at a key Federal Reserve meeting.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

  • News that Brian Brooks left Binance.US after a fundraise proved unsuccessful
  • Why Coinbase is investing $500B in crypto
  • The Fed’s discussion of stablecoins at last month’s FOMC meeting
  • Which nations rank atop Chainalysis’ new adoption index

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Al Drago/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The company is eliminating sexually explicit content after pressure from payment processors.

This episode is sponsored by NYDIG.

The tyranny of payment processors as moral barometers strikes again. On Thursday, Axios revealed that OnlyFans was struggling to raise money from outside investors despite being on track to make more than a billion dollars this year. Later in the afternoon, OnlyFans announced it is eliminating sexually explicit content from its platform.

The internet was agog, given that OnlyFans’s success is almost entirely based on sexually explicit content. In this episode, NLW explores the variety of things going on behind the scenes, connects the dots to Chase Bank’s shutdown of Compass Mining’s accounts and argues that payment processors shouldn’t be in charge of societal decisions about what free people are allowed to do.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Gabby Jones/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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SEC Chair Gary Gensler focused on DeFi in a recent interview.

This episode is sponsored by NYDIG.

First, on the Brief:

  • Banks and bitcoin
  • Coinbase’s cash reserves
  • Brian Quintenz’s CFTC departure

In the main discussion, NLW addresses decentralized finance’s (DeFi) place in regulations as crypto continues to be on the minds of policymakers. Contention across U.S. regulatory bodies remains as the Federal Reserve’s concern with stablecoins, the Treasury Dept. with the infrastructure bill and the Securities and Exchange Commission’s Gary Gensler attempting to create the broadest reach on crypto regulations his organization can manage.

In The Wall Street Journal’s recent interview with Gary Gensler, the SEC chair claimed a particular focus on DeFi. He stated that core software developers, promoters and sponsors would be centralizing factors, calling the term DeFi a “misnomer.”

How will DeFi’s future unfold as it becomes increasingly important for both investors and regulators?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Feodora Chiosea/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Big Corporate is taking steps to implement decentralized technologies.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown:”

  • Corporate dips into decentralized media, starting with Twitter and TikTok
  • Regulatory difficulties continue for Binance
  • Crypto on the minds of Congress and the SEC

Big corporations have been seeing crypto not just as a hype machine, but as a technological update opportunity. Twitter, for example, has found a new lead for its decentralized social media group Bluesky. TikTok has similarly dipped into decentralized media as it struck a deal with decentralized music app Audius. Which platforms will take on crypto next?

Binance continues to come under regulatory scrutiny with the Netherlands as the latest country to issue a warning to the company. Even after CEO Brian Brooks left the company citing “differences in strategic direction,” Binance founder Changpeng “CZ” Zhao claims to continue to search for regulatory-minded people to join the company’s ranks.

Regulatory focus continues in the U.S. as well, with members of the Securities and Exchange Commission, Commodity Futures Trading Commission and Congress hosting opposing opinions on how to regulate crypto. The disagreements continued this week, including a statement from the Fed’s Neel Kashkari bashing crypto and a letter from two congressmen requesting clarity from the SEC and CFTC. Will U.S. authorities ultimately come to an agreement on the best path forward?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Cole Burston/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The investors’ opposing beliefs will soon be proven right or wrong as markets respond to inflation.

This episode is sponsored by NYDIG.

Investors Cathie Wood and Michael Burry are predicting opposing outcomes for the recent high inflation rate. On this episode of “The Breakdown,” NLW explores:

  • Michael Burry’s background and principles
  • Cathie Wood’s ARK Investment and its strategies
  • Burry’s bet against ARK

Michael Burry, the main subject of “The Big Short,” has built his career betting on bubbles. Notably, he shorted Tesla in 2020 and took a negative stance against Elon Musk’s bitcoin boasts. He predicted an upcoming “mother of all crashes” for crypto, which has yet to occur.

On the other end of the spectrum is Cathie Wood, long-time Tesla supporter and champion of bitcoin on Wall Street. Her fund, ARK Investment, focused on disruptive tech innovation and 2020 saw her flagship exchange-traded fund rise to become the world’s largest.

Their opposing strategies have reached a critical point as news broke that Burry has shorted ARK, prompting Wood to launch into a Twitter thread to defend her fund’s beliefs. Only time and markets will be the judge of which investor’s fundamentals win in the end.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Astrid Stawiarz/Stringer/Getty Images Entertainment and Alex Flynn/Bloomberg/Getty Images, modified by CoinDesk.

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Big-picture power shifts from the past, present and future shape the financial world.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” host NLW takes a step back from the nitty-gritty of markets and politics to examine current events from the global macro perspective, including:

  • The 50th anniversary of the “Nixon Shock” – aka the end of the gold standard
  • Afghanistan news and the fall of Kabul

This weekend marked the 50th anniversary of when President Richard Nixon decoupled the USD from the gold standard. That event in 1971, which upended the world of finance, contributed in a large way to the rise of cryptocurrencies.

The site “WTF Happened In 1971?” has chronicled the impacts of Nixon’s decision in the years since with extensive data covering wages, productivity and more. Can 50 years of financial transformations be traced back to one event?

In global news, the Afghan government’s struggle against the Taliban has reached a critical point as Taliban forces have taken Kabul, the capital. The news comes after the U.S. withdrew its troops after a 20-year war. This global event is bound to affect the financial system, but it also has ties to cryptocurrencies as they are a new, completely external tool to provide citizens in tumultuous regions agency over their money in a way that has never been possible before.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Paula Bronstein/Stringer/Getty Images News, modified by CoinDesk.

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A reading of two essays from crypto voices around the world.

This episode is sponsored by NYDIG.

On this week’s “Long Reads Sunday,” NLW reads:

  • “How Crypto Can Help Nigeria’s Economy” by Olumide Adesina
  • “The Inevitability of Crypto in Iraq” by Abdurrahman Bapir

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Golden_Brown/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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On today's episode of Speaking of Bitcoin, correspondent George Frankly explores the expertise paradox through the lens of two very different historical figures.

TRANSCRIPT

Hello there- I'm George Frankly and I'm going to take a look at how even the best and brightest people can make truly stupid decisions and terrible predictions- and what we can learn from them. This is Dare to be Stupid.

This time on Dare to be Stupid, “The Expert Incentive,” or “God Save the King of Kong.”

I’m not looking forward to this. I loathe misinformation. I loathe innumeracy. And before anybody asks what the word innumeracy means let me say I also loathe illiteracy. The world needs experts and experienced professionals in positions of power, now more than ever- I firmly believe that.

So it honestly sucks that I’ve decided to sit here today and tell you that expertise is dangerous.

Experts are a complicated concept, and despite agreeing on the broad strokes of the word we all have granular disagreements in what being an “expert” actually means. I want to get into the nitty-gritty of where expertise goes right and wrong by talking about two sides of the same coin- two closely-intertwined experts in their respective fields:

18th century Hungarian scientist and medical physician Ignaz Semmelweis, and 20th century professional Donkey Kong player and Hot Sauce Entrepreneur Billy J. Mitchell. I absolutely cannot tell the story of one without the other.

As a dedicated fan of both men, it’s hard to know where to begin. Semmelweis was an expert that pioneered the earliest concepts of germ theory, and Mitchell is an expert that cheats at the 1981 arcade game Donkey Kong for money.

The key difference is that Semmelweis’s fellow experts insisted he was a fraud, and Mitchell’s contemporaries insisted for years that he wasn’t.

Ignaz Semmelweis studied law, science, and medicine at the University of Vienna and made his mark on history working at the obstetrics clinic in Vienna General Hospital. There, he was frustrated by the high rates of maternal mortality in the clinic. The death of mothers by post-childbirth fever was uncomfortably common, and he wanted answers. Infection and germ theory were not yet understood concepts, so all he had was deductive reasoning and experimental design- that thing your middle school teachers called “the scientific method.”

The immediate observation that spurred him forward was the most confusing one. The mortality rate for new mothers was as high as 15% in the practicing doctors’ ward… but in the next ward over, which was staffed by traditional midwives instead of university-educated doctors… the average mortality rate was under 5%. The rate of contracting fatal childbed fever was three times higher in the clinic run by the elite doctors than in the clinic run by the supposedly-unprofessional midwives. He was certain that if he could isolate the cause of the lower rates, he could adapt it into the other clinic and save lives. I’ll give you a hint: he was right. But we’ll get to that.

Billy Mitchell is an icon. An icon of what varies from person to person, but he is nonetheless iconic. For over 25 years he’s rarely been seen without a sharp suit, loud American flag necktie, and a magnificently coiffed, flowing mane of hair. He was one of the earliest faces of video game world records- a massive hobbyist sport of competing for the fastest times and highest scores in arcade and home video games.

Mitchell rose to fame with his record of the world’s first perfect Pac-Man score in 1999 and further for his world record high score in Donkey Kong. The 2007 documentary The King of Kong: A Fistful of Quarters chronicled his dramatic victory and cemented his public image as a fierce competitor… and a bit of a cinematic villain.

His personal ties to the company that officiated and validated the scores allowed him to skirt a lot of the scrutiny that other competitors faced. Whereas most world records had to be achieved in a public exhibition on inspected hardware… Mitchell was able to turn in a fuzzy VHS tape of his record Donkey Kong run at home and had it accepted on the spot. The suspicion soon boiled over, and by 2018 multiple detailed technical analyses found that Billy Mitchell… had cheated.

170 years previously, Dr. Semmelweis had catalogued several differences and tested their correlations over many long months. Midwives delivered with women on their sides- he had doctors move women to their sides. No effect. Patients in the doctors’ ward were regularly visited by Priests with loud bell-ringing attendants. He had them ditch the bells. No effect.

But then, inspiration struck. One of his coworkers died. Wait, that sounds terrible. No wait, it is terrible. But, grim or not, it gave him a lead: a fellow research doctor had accidentally lacerated his own hand while performing an autopsy, and succumbed to rising temperature and death identical to the stages of childbed fever. The link to the autopsy was a bit circumstantial, but Semmelweis noted that nearly all of the Doctors in his ward did routine autopsy research- the midwives never handled cadavers.

He had a frankly absurd theory. He suspected there were “fine cadaverous particles” (in his words) being transmitted to vulnerable women and causing the illness. Midwives were rarely exposed to corpses and routinely rinsed their hands with hot water and soap, so he adopted a similar process: doctors in his ward would regularly rinse their hands and tools in a chlorinated lime solution- weak bleach, essentially. He guessed- very luckily- that the chlorine solution’s ability to cleanse strong odors meant it might remove his mystery particles. He had discovered germs and then disinfectants- long before either could be fully explained.

The maternal mortality rate in his ward eventually dropped under 2%- and at a few points even went entire months with no deaths. He brought his method to his next hospital posting, where rates dropped from 10% to less than 1%. He soon wrote a paper about his findings and began to distribute it across the region.

It was widely and aggressively rejected. Semmelweis’s core thesis of “please wash your goddamn hands” went against all of the expert consensus. His insinuation that it was Doctors- academics and experts every one of them- Doctors that were spreading childbed fever was considered insulting, hostile, and an affront to their authority. His hand-washing solution was seen as little more than magical thinking without scientific merit, and the medical establishment shunned him. He eventually died in a mental institution of complications from a hand injury- the exact same fever he had railed against. It wasn’t until decades later that he would be vindicated by Louis Pasteur’s seminal work on germ theory, and the history books have proven kinder to him than… well, kinder than history itself was.

In the 21st century, Billy Mitchell faced the opposite problem. A small but vocal group of analysts and programming experts had found ultra-fine discrepancies in his world record video. At first, coding experts found that Mitchell’s luck was supernaturally high- the random elements of the game were suspiciously generous during the recording. Soon they found that split-second variations in how the ladders and girders of Donkey Kong’s stages loaded onscreen didn’t match the display of real arcade hardware; in fact it perfectly matched the behavior of PC emulator software. Mitchell had essentially pulled off his miracle run on a home computer simulation of the game, with access to limitless modifications and instant do-overs.

But Billy Mitchell was unbowed. The highly-technical evidence struck many as unconvincing. More than that, Mitchell and his fans touted a bigger point: he wouldn’t need to cheat. Billy Mitchell had numerous public performances of extremely good Donkey Kong runs. He knew all the ins and outs of the game. Billy Mitchell was, indisputably, an expert at the game of Donkey Kong. Why would an expert bother to cheat?

Ignaz Semmelweis was called a fraud because he defied the experts. Billy Mitchell was called the real deal because he was an expert. By most definitions, all these experts are experts. Why did expertise choose the wrong side of history both times?

That’s easy. They’re all people. And being an expert doesn’t cure you of common reasoning errors- in fact, it can teach you all-new ones.

The doctors weren’t just guided by simple egotism, although that was definitely a factor. No, they fell into something that sociologists have begun to call “the expertise paradox.” Specialists in a field- including the very best in their fields- inevitably develop tunnel vision. Hyper-specialization in a field or an industry begins to close them off to outside knowledge. To a man with a hammer, every problem is a nail: to a man with a prestigious medical degree in 1830, microbiology looks like magical bullshit.

Innovation rarely grows from within a rigid institution, much less its tenured experts: hell, Donkey Kong, a groundbreaking arcade game that revitalized and revolutionized video games, didn’t come from the established pioneers at Atari. It was made by upstart toy company Nintendo, and wasn’t even designed by a professional coder- it was created by Shigeru Miyamoto, an aspiring cartoonist. In all trades, in all workplaces, and at every age, cross-training and cross-disciplinary learning is vital. The best discoveries come from those who are hungry to learn, not those who sit soaking in what they have learned.

Hunger to learn versus hunger to be learned can be seen in every technical field- if you went to college for a specialized subject you’ve seen it. There are the masters who can recite every equation, muscle group, and atomic mass- the rote learners. And then there are the masters who dig into comprehension and mechanisms- the ones that can derive the equations, visualize the function of each muscle group, and see how the atomic weight informs the material properties.

Expert decision-making can easily degenerate into fast-thinking repetition from muscle memory. The chess master Herbert Simon criticized the glorification of expert intuition when he said:

QUOTE “The situation has provided a cue; this cue has given the expert access to information stored in memory, and the information provides the answer. Intuition is nothing more and nothing less than recognition.” END QUOTE

Semmelweis wanted more than memorizing and reciting answers: he wanted to understand. He experimented and extrapolated and went wherever it took him. At the end of the day he was a scientist first and a doctor second- and many of his colleagues were barely doctors at all.

So what of Billy Mitchell’s grand defense? Why would an expert cheat?

Because experts are the most effective cheaters. In any competitive arena, the most successful cheats and cons are inevitably done by the ones that best know the craft. Gaming speed-runner and historian Karl Jobst put it best;

QUOTE “You might think that having the talent to achieve a world record would make someone less susceptible to cheating, but it often works against them.”

“They feel like they deserve the world record, and when the game they play doesn’t give them the luck they need, they become increasingly frustrated. On top of this, having talent and deep knowledge of a game makes you a better cheater. You know what tools to use and how to hide your edits. You understand what does or doesn’t make sense, what is or isn’t possible, and what’s believable. When top players cheat, it’s almost always detected by other top players looking much deeper than a normal spectator might.”

“The fact that better players make better cheaters means that arguments such as ‘he’s such a good player, he has no reason to cheat’ are fundamentally flawed.” END QUOTE

The incentive to prove and protect your expertise can undermine it in an instant. Billy Mitchell was routinely within spitting distance of the world record, so he employed his expertise to just take it. The fact that he could have theoretically done it for real was all the justification he needed. Semmelweis’ peers worked too hard to get where they were to let an upstart with wild ideas make them feel inferior. They were doctors- to think they were making people ill was an insult to their entire identities.

Experts are hugely important- vital, even, to all of society. But their self-perception and public perception can lead them down dangerous paths: experts are not inherently geniuses, and, like any human being, they are not perfect or infallible. The best experts are constantly looking to expand their understanding, and the worst are constantly trying to prove their worth. Both kinds will make mistakes, but only the former will admit to them and learn from them. Every human being has a range of their own expertise and must govern themselves similarly: respect the limits of your own knowledge, be grateful to those who can fill in the gaps, and don’t put anyone on a pedestal… especially yourself.

Thanks for listening. As usual I’d like to remind you that all of my illustrious job titles come with the prefix “armchair”; if you’re an expert, and you’re hearing me get it wrong, I’d like to hear from you.

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This episode was written, performed and edited by George Frankly with additional production support by Adam B. Levine. Our theme song comes courtesy of Jared Rubens and this episodes album art features a photograph provided by Kelly Sikkema/Unsplash, modified by Speaking of Bitcoin. Have any questions or comments? Send Adam an email at adam@speakingofbitcoin.show

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Between the CFTC, the SEC, the Treasury Department and Elizabeth Warren, there are a lot of cooks in the U.S. regulatory kitchen.

This episode is sponsored by NYDIG.

On this week’s “Breakdown Weekly Recap,” NLW looks at some reported emerging tension around which U.S. regulatory body holds authority over crypto.

The U.S. Treasury has revealed its heavy hand in the infrastructure bill process, and it isn’t the first Treasury Department to have a problem with crypto. SEC Chair Gary Gensler is asking Sen. Elizabeth Warren for more authority for his organization. Meanwhile, the CFTC is publicly saying regulatory authority lies with it, not the SEC.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.

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Growth in North American mining is just one of the things driving a return of a bullish mood across the industry.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown:”

  • Bitcoin mining bump
  • Coinbase’s massive Q2 earnings and more institutional news
  • Crypto tax companies popping up

North American bitcoin mining companies saw a significant increase from the previous month. Contributing to this increase is the downward difficulty adjustment, a built-in and automatic Bitcoin feature that incentivizes more miners to join the network. The adjustment came after China’s crackdown on their miners and a subsequent drop in hashrate. Is this mining success bullish for bitcoin?

Coinbase’s Q2 earnings report revealed a successful quarter with a bigger portion of trading volume attributed to institutional over retail. Additionally, ethereum surpassed bitcoin in trading volume for the first time. Will these trends continue?

With regulatory pressure on the horizon, several new crypto tax companies are being formed (and venture capital-backed) to fill the gap. Crypto presents new complexities for reporting and the tax implications of the U.S. infrastructure bill are imminent. Will these companies be able to find a solution when it’s tax time?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: eclipse_images/iStock/Getty Images Plus, modified by CoinDesk.

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Blockchain Association member and crypto lawyer Jake Chervinsky gives the insider view of a monumental moment in crypto history.

This episode is sponsored by NYDIG.

Jake Chervinsky is the general counsel for Compound Labs and DeFi lead at the Blockchain Association. Over the last few weeks he has been deeply involved in the battle against the onerous crypto provision in the infrastructure bill.

In this discussion with NLW, Jake provides a blow-by-blow overview and insider's account of the battle, from first learning of the provision to the moment that a senator’s special interest broke the bill. Finally, they discuss what the legacy of this event will be for the crypto industry and why we’re likely to be stronger now than ever.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: uzenzen/iStock/Getty Images Plus, modified by CoinDesk.

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While the explanations may vary from NFT excitement to regulatory FUD diminishing, crypto markets agree that good times are here again.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW covers bull market indicators, including:

  • Investment firms reporting positive market signals
  • Continued NFT boom
  • Markets ignoring outdated FUD

Both NYDIG and Arca released reports detailing their perceptions of positive market signals towards a bull run. Signs included Grayscale GBTC unlocks, institutional interest and risk appetite.

The NFT bubble has not burst. Capital continues to flow into the space and digital art collections like Crypto Punks have shot up in value, exceeding even the previous March highs.

Crypto seems to be rolling over FUD: Tether’s additional backing clarity and BitMEX’s nine-figure settlement helped to ease uncertainties in markets over regulations. China’s crypto crackdown and the subsequent Great Hashrate Migration caused little impact. Even the Poly Network’s $600 million hack this week made no dent to prices.

Is Bitcoin’s “defiance rally” part of a bigger bull run?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk.

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Crypto is entering a new era of relevance in mainstream political discourse.

This episode is sponsored by NYDIG.

The compromise amendment to the crypto provision in the infrastructure bill was shot down in the Senate yesterday. On this episode of “The Breakdown,” NLW covers what’s happened, what’s next and what it all means, including:

  • The compromise’s demise
  • Next stop: The House of Representatives
  • Crypto’s newfound relevance in political discourse

The compromise – proposed by Senators Lummis and Toomey, and backed by Treasury Secretary Janet Yellen – was rejected by a single senator. The amendment would have required unanimous consent but was tanked by Alabama Republican Sen. Richard Shelby over an unrelated dispute on additional military funding.

The bill now moves to the House where it will be deliberated more, though it is unclear how much room there will be for modifications once it gets there. Emerging crypto-friendly lawmakers continue to push to improve the broker definition within the provision.

The infrastructure bill saga represents the first act in crypto entering the highest echelons of political discussion in the U.S. Instead of pushing quiet legislation through, this crypto provision gave the industry an unprecedented platform and relevance in the eyes of lawmakers. Will crypto be a key issue for lawmakers in the future?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Chip Somodevilla/Getty Images News, modified by CoinDesk.

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Crypto proves to be a formidable opponent as debate in the Senate continues.

This episode is sponsored by NYDIG.

Contention over the crypto provision in the infrastructure bill continues. Today on “The Breakdown,” NLW brings the latest, including:

  • Consensus mechanism confusion
  • A weekend stalemate
  • The emergent power of the crypto industry

The amendment proposed by Sen. Rob Portman included an odd preference for proof-of-work over any other consensus mechanism. After significant pushback from the crypto community on this specific detail, the amendment was changed to cover all consensus mechanisms. But in a head-scratching turn of events, the amendment was updated once more to include proof-of-work and proof-of-stake, but no other mechanisms.

Sunday came with its own set of blockers, including a conflict around prioritization of the crypto provision versus other legislation that needs attention. Though the weekend brought little resolution, the debate continues and there is still time for a positive resolution. Will policymakers come to an agreement on one of the proposed amendments in time?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk.

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A 101-level look at what it means to be the global reserve currency and what it would mean for the U.S. dollar to lose that standing.

This episode is sponsored by NYDIG.

On this week’s “Long Reads Sunday,” NLW reads David Z. Morris’ “The End of Exorbitant Privilege: Inflation, the Global Dollar and What Comes Next,” which covers inflation’s potential impact on the status of the USD.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: blinow61/iStock/Getty Images Plus, modified by CoinDesk.

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NFTs are emerging as the path from insular crypto community to a breakthrough in mainstream culture. Blockchain technology and pop culture collide to produce new possibilities for the future of art and beyond.

The question is, will NFTs prove to be valuable enough to endure beyond the hype?

“Stoner Cats,” a new animated series featuring top Hollywood talent (and Ethereum inventor Vitalik Buterin) successfully used a non-fungible token (NFT) sale to leapfrog the financial gatekeepers in Hollywood. With a cast list including Mila Kunis, Ashton Kutcher, Chris Rock and Seth MacFarlane, it is no wonder the campaign raised over $9 million in just a few hours.

Join hosts Adam B. Levine, Stephanie Murphy and Jonathan Mohan as they pick apart the ”Stoner Cat” ambitious and novel approach to the production of an independent animated series. This project is one example of many in NFTs proving their worth beyond just the art: They are now status symbols, pop culture phenomena and a viable financial tool.

The “Stoner Cats” NFT launch, though eventually fruitful, began with a set of stumbles. As prospective buyers lined up to the launch, Ethereum gas fees quickly skyrocketed and some paid more than five times the price in fees. While the implementation of this kick-starter style of on-chain fundraiser could be improved, “Stoner Cats” proved it was possible.

This episode features Adam B. Levine, Stephanie Murphy and Jonathan Mohan. This episode was edited by Jonas, features music by Jared Rubens and Gurty Beats with additional production support from Eleanor Pahl.

Image credit: StonerCats.com, modified by Speaking of Bitcoin

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Real Vision CEO Raoul Pal joins NLW for a discussion of a financial environment defined by change.

This episode is sponsored by NYDIG.

On today’s episode, NLW is joined by Raoul Pal. Raoul is the founder and CEO of Global Macro Investor and Real Vision, whose Real Vision Crypto community has raced to more than 100,000 after launching earlier this year.

They discuss:

  • The U.S. infrastructure bill and the increase in regulatory pressure
  • The current state of inflation and why markets disagree about its impact
  • Why transformation and technological change are the main forces shaping markets and society
  • Why DeFi is particularly threatening to central banks
  • Why Janet Yellen is the embodiment of the central bank and the federal government coming together
  • The real future of NFTs

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Nuthawut Somsuk/iStock/Getty Images Plus, modified by CoinDesk.

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The administration’s public support of a restrictive amendment calls into question the original motives of the crypto provision.

This episode is sponsored by NYDIG.

The infrastructure bill-related surprise in the U.S. Congress came in the form of a competing amendment with a short list of exemptions from the original language. On this episode of “The Breakdown,” NLW addresses the latest updates on the bill, including:

  • White House support of the Portman, Warner and Sinema amendment
  • Proof-of-work prioritization
  • The future of the bill

The White House claimed support of the Portman, Warner and Sinema competing amendment, citing its ability to strengthen tax compliance in the crypto industry. Crypto advocates have been quick to call out the intentional gaps in the amendment’s language as well as the clear lack of technological understanding.

The proposed amendment specifically excludes proof-of-work mining from the reporting requirements, a surprising stance compounded by the fact that the language itself seems to misunderstand the difference between validation and mining. Some Bitcoin maximalists rejoice at their preferential treatment over proof-of-stake networks like Ethereum, but it remains unclear whether this amendment would protect even Bitcoin in the long term.

If the amendment were passed, the bill itself would not go into effect until 2023. Organizations like Fight for the Future are creating resources for crypto allies to contact their senators. If the amendment passes, how will crypto adapt?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

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Beyond just the meme, what consequences will the London hard fork have to investor perception of the Ethereum network?

This episode is sponsored by NYDIG.

On today’s episode of “The Breakdown,” host NLW discusses:

  • Proposed amendments to the infrastructure bill
  • Notable EIP 1559 changes
  • “Ultra-sound” money meme explained

Amendment proposals came from a variety of political figures, including Sen. Ted Cruz’s bid to scrap the crypto provision altogether. A more realistic option, however, came from Sens. Wyden, Toomey and Lummis, who chose to insert a definition excluding non-custodial intermediaries.

In the main discussion, the London hard fork to Ethereum took place early this morning. The changes aimed to improve the user experience on the network and included the introduction of a maximum bidding tip, increased block size in times of high demand and the change to burn the base fee.

The base fee burning modification has sparked conversation about a potentially powerful side effect. In new EIP-1559 transactions, the protocol will burn the ETH used for to pay the base fee. If more ETH is burned this way than is issued, it will make ETH deflationary. If bitcoin’s fixed supply constitutes “sound money,” does ether’s declining supply “ultra-sound?”

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Zoltan Tasi/Unsplash modified by CoinDesk, modified by CoinDesk.

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Crypto Twitter cannot decide the impact of Gensler’s comments, while others still push to focus on the infrastructure bill.

This episode is sponsored by NYDIG.

SEC Chairman Gary Gensler’s speech at the Aspen Security Conference has Crypto Twitter in a frenzy. On this episode, NLW covers the latest in regulatory action, including:

  • Infrastructure bill update
  • Overall take of Gensler’s speech: hostile or bullish?
  • More concerning crypto opposition

Gary Gensler’s “Remarks Before the Aspen Security Forum”

Crypto Twitter has not reached an agreement on the tone of Gensler’s comments. While some claim this is as a catalyst for incoming regulation and the most aggressive stance to date, others saw it as a run-of-the-mill conservative, consumer protection-focused take.

Aside from securities definitions discussion, Gensler’s comments did point to a Bitcoin bias and an admiration for some of the ideals behind crypto. This outlook contrasts with the negative perception of crypto from Senator Elizabeth Warren, who is attempting to shift to a more negative narrative and from Congressman Don Beyer, who recently dropped a surprise comprehensive crypto bill.

Who will be the biggest adversary to crypto with securities, stablecoins and ‘systemic risk’ on the minds of so many regulators?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Melissa Lyttle/Bloomberg/Getty Images, modified by CoinDesk.

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Policymakers are forced to listen as backlash to the infrastructure bill continues.

This episode is sponsored by NYDIG.

The infrastructure bill’s crypto provision had the industry scrambling to lobby for change. On this episode of “The Breakdown,” NLW covers the continuing saga of the bill, including:

  • A recap on the bill’s crypto provision and subsequent backlash
  • Crypto industry’s resistance going mainstream
  • Regulatory battles to come

A last-minute addition to the infrastructure bill met with fierce resistance from figures across the crypto sector, from industry executives to crypto-friendly lawmakers. These statements called out the destructive nature of the bill as it would require non-broker crypto intermediaries to comply with strict IRS reporting standards, a nearly impossible task.

The extensive lobbying has not gone unnoticed. Mainstream media picked up the story as more and more statements called out the potential dangers of the bill. Policymakers are now forced to face the angry cyber-hornets headed their way.

The infrastructure bill battle is the first of many regulatory clashes to come. For example, debate is currently raging on crypto Twitter about the implications of SEC Chairman Gary Gensler’s speech on crypto today. Will the crypto industry tackle future regulatory collisions with a similar ferocity?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: iLexx/iStock/Getty Images, modified by CoinDesk.

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Crypto allies rally to soften the more problematic parts of the bill.

This episode is sponsored by NYDIG.

First, the Brief:

  • Bank of America’s research highlights the pros of El Salvador's bitcoin law
  • Federal Reserve Governor Lael Brainard discusses the need for a U.S. CBDC
  • Bank of China intends to continue significant pressure on crypto
  • No sign of a slowdown in U.S. bitcoin mining industry
  • Kentucky as the fifth state to stop BlockFi
  • Lastly, a record week for NFTs and the emergence of a new institutional narrative

Our main discussion centers on the ongoing battle surrounding a crypto provision within the highly debated infrastructure bill. The original language of the draft targeted crypto intermediaries, from hardware wallet manufacturers to miners, mandating that they report transactions made through their services. Doing so would be virtually impossible and hinder the U.S. crypto industry.

In response, the community rallied for an updated bill with more forgiving standards. Crypto allies, from industry heavy hitters like Coin Center’s Jerry Brito to Sen. Ron Wyden of Oregon, expressed their discontent with the original language of the draft. With an amendment process underway, will these statements be enough to make a significant change?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Samuel Corum/Getty Images, modified by CoinDesk.

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A new essay argues player-driven digital economies create new economic opportunities.

This episode is sponsored by NYDIG.

The broader crypto sector encompasses more than just policies and price action: Decentralized technology has given rise to immersive play-to-earn digital economies where players can maximize their gaming experience.

In this “Long Reads Sunday,” NLW takes a step back from the recent regulatory focus to take a look at the world of gaming. He reads the piece ”A Play-to-Earn Account Beats a Bank Account“ from Beryl Li, co-founder of Yield Guild Games.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: sasha85ru/iStock/Getty Images, modified by CoinDesk.

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El Salvador’s decision to make bitcoin legal tender shocked the world. Soon, the dust will settle and catchy headlines will become real, lived experiences for Salvadorans.

Join hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy for a read-through and thoughtful conversation of El Salvador’s bitcoin legislation in full. The hosts discuss the highs and lows of the bill and potential risks to the country, its citizens and bitcoin globally.

Though many had predicted governmental adoption of bitcoin would come, none had predicted it would happen so soon. The rest of the world has watched attentively as El Salvador embarks on a nation-scale trial run of bitcoin as legal tender. This unprecedented circumstance brings an abundance of technical and social challenges.

What will the great successes be with this experiment? Where can it go wrong? And how will the Lightning Network factor in? Most worryingly, will El Salvadore’s trust fund be the world’s biggest honeypot?

The bitcoin bill is set to go in effect very soon. Will El Salvador be able to address these concerns in time?

Links from the episode:

  • Bitcoin as Legal Tender? Why El Salvador’s Plan Isn’t as Crazy as You Think (Adam's Opinion piece)
  • Bitcoin Neutrality (Andreas's original 2013 talk)

Today's show featured Andreas M. Antonopoulos, Stephanie Murphy and Adam B. Levine. This episode was edited by Jonas, with music by Jared Rubens and Gurty Beats.

Image credit: Wilson Edilberto Santana Suarez/Unsplash, modified by Speaking of Bitcoin

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With the infrastructure bill moving closer to passage, can crypto companies and their allies in government roll back the most dangerous provisions?

This episode is sponsored by NYDIG.

On this episode of “The Breakdown’s Weekly Recap,” NLW covers the past week’s biggest financial, regulatory and markets news, including:

  • The three simultaneous crypto hearings across Congress
  • Binance‘s moves to position itself favorably for oncoming regulation
  • Proposed legislation with sweeping implications to crypto

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Philip Rozenski/iStock/Getty Images, modified by CoinDesk.

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Investors are becoming wary as Vermont becomes the fourth state to scrutinize BlockFi.

This episode is sponsored by NYDIG.

Today on the Brief:

  • Robinhood's underperforming IPO and settlement battles
  • MicroStrategy’s continued faith in bitcoin
  • Proposed sweeping crypto legislation

Robinhood’s underperforming initial public offering came amid settlement after settlement, with the latest coming with the Financial Industry Regulatory Authority (FINRA). Next on the Brief, MicroStrategy’s second-quarter earnings report lays out the company’s intention to buy more bitcoin. Alongside these crypto ups and downs, the regulatory narrative continues: proposed legislation on digital assets covers everything from the Securities and Exchange Commission’s authority over digital securities to U.S. Treasury authority over stablecoins.

In the main discussion, NLW covers BlockFi’s tumultuous run-ins with regulatory bodies in New Jersey, Alabama and Texas, and most recently, Vermont. BlockFi has been making simultaneous appeals to regulators to address their concerns and to their existing customer base to affirm their accounts will not be affected.

An unconfirmed report last night, first shared by Eric Newcomer and not able to be confirmed by CoinDesk, claims that a major Wall Street investor has pulled their funding in the midst of the regulatory onslaught. Will BlockFi be the first victim of shifting regulatory winds?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: screenshot of BlockFi website.

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The bipartisan bill contains potential impacts to crypto intermediaries.

This episode is sponsored by NYDIG.

First, on the Brief:

  • U.S. growth last quarter performing under economists’ expectations
  • Robinhood's subdued IPO debut
  • "Wild amounts" of capital going into crypto

In the main discussion, NLW addresses the specifics, reactions and potential impacts of a crypto provision within the Biden administration’s big infrastructure bill. A draft copy of the provision aims to raise $28 billion via a crypto tax, imposing new reporting requirements for a broad swath of crypto intermediaries.

Potentially, intermediaries from wallet developers to miners will be impacted by the provision. If this draft of the bill makes it to a vote, how will a tax scheme impact crypto development and adoption? Is this provision just a messy step in a positive U.S. government acceptance of crypto or a dangerous damping factor on progress?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: rarrarorro/iStock/Getty Images, modified by CoinDesk.

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Uniswap’s removal of a set of assets from its interface has the community asking just how decentralized is the platform.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW addresses the recent wave of increased regulatory scrutiny, one that has prompted the crypto industry to prepare itself for the possibility of legislation. The discussion includes:

  • A distinction of regulatory categories
  • Exchanges altering leveraged trading rules
  • Uniswap’s token removal decision

The increased regulatory scrutiny is a culmination of a number of factors, including the most recent bull run and institutional adoption. As policymakers discuss crypto more frequently it becomes helpful to separate such discussions into categories: implemented legislation, regulatory narrative battles and crypto self-regulation.

Leveraged bets, an inherently risky venture, only become riskier with the addition of crypto’s volatility. Last weekend, exchanges FTX and Binance announced a cap on leverage at 20 times. Was this voluntary action an attempt by the exchanges to get ahead of possible incoming legislation?

Uniswap labs announced an upcoming removal of over 100 tokens from its interface, including tokenized stocks, mirror stocks, options and derivatives. This decision seems to hail from a SEC statement that tokenized versions of securities are still securities. The specifics of the decision aside, the community finds itself asking: Does Uniswap’s ability to make a decision of this nature violate the principles of decentralization?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: http://www.fotogestoeber.de/iStock/Getty Images, modified by CoinDesk.

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Sherrod Brown and Elizabeth Warren paint bitcoin’s populism as phony marketing.

This episode is sponsored by NYDIG.

Today on the Brief:

  • Exchanges leaving China
  • Binance looking to replace CZ with a regulatory-focused CEO
  • Crypto venture funding continues

In today’s main discussion, NLW addresses not one, not two but three crypto hearings today spread across the Senate and House. One with a focus on ransomware, another on central bank digital currencies and the last a wide-ranging outlook at the value of cryptocurrencies versus their perceived risks.

One of the notable themes from the Senate Banking Committee hearing was disbelief in cryptos as populist, democratizing, decentralizing tools for remaking finance. Instead, political opponents argued that they were just the play places for shadowy cabals of miners and “super coders” (yes, that’s a term they really used).

More concerning is the argument that cryptos are increasingly a threat to the larger financial system. Where does crypto stand in the eyes of regulators following the hearings?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Sarah Silbiger/Stringer/Getty Images, modified by CoinDesk.

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This weekend’s upward market movements could have come from a variety of driving forces.

This episode is sponsored by NYDIG.

Crypto’s green weekend was the biggest surge in recent months. On this episode of “The Breakdown,” NLW analyzes the various forces behind the success, including:

  • An Amazon job posting and token rumor
  • Viral tweets from a teenager and an astrologist
  • Market structure explanations

The first piece of news from Amazon was in the form of a “Digital Currency and Blockchain Lead” job posting. Next, a self-proclaimed Amazon insider told London-based newspaper City A.M. the job requisition was part of a larger Amazon-crypto strategy, even hinting at the possibility of a token. How legitimate is this “insider”?

Two viral tweets, one from TikTok influencer Teen Executive and another from astrology and bitcoin enthusiast Maren Altman, seemed to point to this weekend as the time for upward volatility. Could these two tweets have sparked market movement?

Though prices are undeniably impacted by narratives, market structure is often the underlying and logical explanation. In this weekend’s case, a short squeeze could be the simplest answer. Were unwinding short positions the driving factor behind price?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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”The Breakdown” is written, produced by and features NLW, with editing by Adam B. Levine/Adrian Blust and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

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The U.S. faces a choice between integrating proven stablecoins or outlawing them in favor of a monopolized CBDC.

This episode is sponsored by NYDIG.

On this week’s “Long Reads Sunday,” NLW reads Nic Carter’s recent essay “Why Central Bankers Invoke Free Banking to Attack Stablecoins.”

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: tntemerson/iStock/Getty Images, modified by CoinDesk.

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If you landed in medieval times, could you build a phone? Or something even simpler, a pencil?

Join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy & Jonathan Mohan for a deep dive into the wildly empowering, complex and terrifyingly automated world we live in. This wide ranging, philosophical discussion touches on such topics as the Suez Canal, Douglas Adams, combat drones, the Fourth Industrial Revolution and more.

The world’s complexity exponentially increases by the decade. A gradual systemization has led to the automation of specialized tasks, affording people free time to perform other, even more complex tasks. For example, consider navigation apps reducing the decision-making process from driving, or the rise of autonomous cars that will eventually remove human interaction altogether.

As the world depends more on an unimaginable web of logistics, what happens when something breaks? The evolution of automation from simple, rules-based systems to incredibly complex machine learning algorithms has diminished the ability to understand or predict these structures.

As much as we love decentralization and technological advancement, where do these aims fail us? Are we creating more problems than solving them?

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Today's show featured Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine. This episode was edited by Jonas, with music by Jared Rubens and Gurty Beats.

Image credit: Luca Carrà/Unsplash, modified by Speaking of Bitcoin

Have any questions or comments? Send us an email at adam@speakingofbitcoin.show

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If regulation is unavoidable, now may be a better time to deal with it than later.

This episode is sponsored by NYDIG.

On this edition of the “Weekly Recap,” NLW covers:

  • Institutional interest revamping
  • The B Word conference, Elon’s reveal of SpaceX BTC holdings
  • NFT platform OpenSea’s funding round success
  • Regulatory bodies pursuing BlockFi

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Michele Musso and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Velishchuk/iStock/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A stream of institutional news revives the previously stagnant narrative.

This episode is sponsored by NYDIG.

This week, institutional involvement was revived after the past few months’ inactivity. NLW covers new evidence for institutional interest, including:

  • A billionaire you can’t ignore
  • JPMorgan offering crypto exposure
  • Galaxy Digital’s big bank backers

Elon Musk’s revelation that SpaceX, the space exploration company that he founded, held bitcoin was joined by billionaire Thomas Peterffy’s admission that he holds some crypto, even hinting he sees “a small chance this will be a dominant currency.” On the wealth management end, JPMorgan has opened crypto exposure to all of its clients, a typically conservative set who tend to be passive in their investments. Lastly, London-based digital trading asset venue Galaxy Digital’s big bank backers continues to grow. The latest addition was BNY Mellon.

All this together points to the fact that institutions, no matter how reluctantly, see crypto as an inevitable investment that can’t be ignored.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Adam B. Levine and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Tiffany Hagler-Geard/Bloomberg/Getty Images, modified by CoinDesk.

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Three crypto personalities provide varying perspectives on bitcoin and the future of the space.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” host NLW dissects a highly-anticipated discussion between Cathie Wood, Jack Dorsey and Elon Musk at yesterday’s “The B Word” conference, including:

  • Wood’s predictions of deflation rather than inflation
  • Dorsey’s unwavering belief in bitcoin as the internet’s native money
  • Musk reveals he, Tesla, and SpaceX all hold bitcoin

Wood, one of the earliest Wall Street investors to get into crypto, has been through enough market cycles to have a nuanced understanding of the space. She revived one of her long-standing themes of Bitcoin’s rules-based monetary policy, especially relevant now as central banks operate on unbounded monetary policy. She also touched on recent inflationary concerns, specifically ARK’s belief that deflationary concerns are likely to emerge in the long-term.

Twitter and Square CEO Dorsey has been a consistent ally to Bitcoin. Dorsey highlighted a few of his projects dedicated to a more decentralized future, including Square’s upcoming self-custody hardware wallet and Bluesky, a project to develop an open and decentralized social media platform.

The controversial Musk's contributions to the discussion garnered mixed reactions from the community. Most notably was his admission that outside of Tesla and SpaceX shares, bitcoin is his biggest investment. Additionally, his now-famous statement “I pump but I don’t dump” was backed by his revelation that SpaceX, in addition to Tesla, held BTC. He affirmed the three have never sold their BTC holdings.

While Wood recruits institutional investors and Dorsey builds tools to improve the space, what is Musk’s role in helping or hindering Bitcoin?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Screenshot from The B Word, modified by CoinDesk.

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Bitcoin’s rebound following a gloomy week may be an expression of a shifting macro narrative.

This episode is sponsored by NYDIG.

Bitcoin is up just over 7% in the last 24 hours, following its first close below $30,000 since New Year’s Day. On this episode of “The Breakdown,” NLW proposes possible explanations for this reversal, including:

  • Competing concerns of Inflation and slow post-COVID recovery
  • Institutional interest in crypto

A few weeks ago, headlines were centered around markets being nervous about inflation. Emergence of the Delta variant and its induced lockdowns, coupled with reports of unexpectedly slow growth in Q2 in China, casts doubt on the inflation concerns. Which concern will prevail and drive the next macro narrative?

Many speculated non-fungible tokens would be a fleeting phenomenon, in fashion for a short period of time and then fading away. However, an investment round for NFT platform OpenSea raised $100 million. Is OpenSea’s success an indicator of renewed long-term investor confidence in crypto?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Nuthawut Somsuk/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Crypto finds itself in an inevitable set of regulatory battles.

This episode is sponsored by NYDIG.

“First they ignore you, then they laugh at you, then they fight you and then you win.”

In this episode of “The Breakdown,” NLW examines crypto’s current “and then they fight you” phase, citing recent regulatory battles:

  • New Jersey’s BlockFi interest accounts cease and desist order
  • Stablecoins in the hot seat in recent meeting of U.S. presidential advisory group
  • Busting FUD headlines following a European Commission proposed reform

A New Jersey Bureau of Securities order calls for BlockFi to stop accepting new clients residing in the state. CEO Zac Prince remains optimistic, believing the company’s products are lawful and that further discourse with regulators would clear up concerns, the most important of which seems to be surrounding yield delivery. Is a new macro narrative emerging as competition ramps up with high yield enticing new crypto users?

In a meeting with the President’s Working Group on Financial Markets, attendees discussed the rapid growth of stablecoins and their risks and benefits for the future. Of the eight political and regulatory figures in attendance, who are likely to provide pro-stablecoin input?

This morning, an incendiary headline dropped – “EU Aims to Ban Anonymous Crypto Asset Wallets” – following a European Commission release. Is the severity of the commission’s reform as fierce as the headline suggests?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Greg Nash/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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VCs may lose their position as gatekeepers to startup success.

This episode is sponsored by NYDIG.

In addition to the deep dive into distributed autonomous organizations, or DAOs, and their future in venture capital, today’s “The Brief” covers:

  • Bitcoin futures trading approved for some Bank of America clients
  • Stablecoin discussions entering the upper echelons of U.S. government
  • The bubble continuing to inflate as markets roll over historical indicators

SushiSwap, the decentralized exchange based on Uniswap, is proposing to sell a portion of its treasury to venture firms as part of a broader diversification plan. The community finds itself torn in half over the announcement, with some advocating for the benefits of seasoned expertise and others vehemently denying the need for institutional investors.

SushiSwap’s “VC-versus-community” debate provides a case study on the growing world and strength of DAOs. VCs have previously held the essentially sole power over the fate of startups, but in the case of SushiSwap, they are now forced to be in open negotiation with the community.

This power shift presents a window into the vitality of DAOs, stemming from their democratic and global nature, dynamism and anonymity. Will DAOs succeed as the internet native form of organization?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom.

Image credit: BrianAJackson/iStock/Getty Images, modified by CoinDesk.

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An argument that the Bitcoin network is a public good and governments should invest in public goods.

This episode is sponsored by NYDIG.

This week’s “Long Reads Sunday” is a reading of “Bitcoin: An Orange New Deal” by Andrew Bailey and Bradley Rettler.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: hamzaturkkol/iStock/Getty Images Plus, modified by CoinDesk.

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An in-depth, historical look at how and why government statistics have changed over time.

Starting this week the Speaking of Bitcoin show joins the CoinDesk Podcast Network

This time on Speaking of Bitcoin, the hosts are joined by John Williams, rogue economist and long-time Editor of ShadowStats.com, a data source that tracks everything from inflation to GDP, money supply to unemployment using the original government defined methodologies. Over time, the government has changed how they measure all of these things and Johns work reveals that these changes all result in better looking statistics from the same, often terrifying numbers.

In this wide ranging conversation we talk about how and why this happened, plus what we can do about it. If this is a new topic to you, expect to come away with a different perspective in this epic episode.

Today's show featured John Williams, Stephanie Murphy, Jonathan Mohan and Adam B. Levine. This episode was edited by Jonas, with music by Jared Rubens and Gurty Beats.

Our album art is a composite work by Adam B. Levine using the current inflation chart from ShadowStats.com along with an excellent imposter-dog image from Brayden Anderson on Unsplash.

Have any questions or comments? Send me an email at adam@speakingof.bitcoinshow

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Those expecting another El Salvador are sure to be disappointed.

This episode is sponsored by NYDIG.

On this edition of the “Weekly Recap,” NLW covers:

  • The latest in Binance’s global regulatory troubles
  • Leaked crypto legislation from Paraguay
  • Capital Group’s big bet on MicroStrategy
  • The U.K.’s Financial Conduct Authority slated to spend £11M on an anti-crypto campaign for young people

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: naruedom/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new initiative from Jack Dorsey will be a full business unit inside the company.

This episode is sponsored by NYDIG.

Today on the Brief:

  • The mixed state of the U.S. government on crypto
  • China’s e-CNY will have native smart contracts
  • Saquon Barkley to take endorsement money in BTC

Our main discussion:

Square has announced a new initiative, titled “TBD,” that CEO Jack Dorsey describes as “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless and decentralized financial services.” Dorsey intends the platform to be developed completely transparently: “open road map, open development and open source.”

In this episode, NLW puts the new initiative in the context of Square’s long-term relationship with Bitcoin, explains why it’s different from the company’s Square Crypto efforts and analyzes how different parts of the community are reacting to the news.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Eva Marie Uzcategui/Bloomberg/Getty Images, modified by CoinDesk.

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Cryptocurrencies were once a hedge play that could no longer be ignored, but now Larry Fink sees “very little investor demand” for crypto.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW addresses recent shifts in institutional and regulatory discussions on crypto, including:

  • How BlackRock CEO Larry Fink sees the state of crypto
  • ShapeShift’s final structural shift
  • Fed Chairman Jay Powell’s stance against stablecoins
  • A dissenting letter from two SEC commissioners

BlackRock made headlines when it entered the crypto market because it viewed bitcoin as a hedge play that could no longer be ignored. Now, this investment management company finds itself in a changed landscape as bitcoin prices have fallen from all-time highs. How has CEO Larry Fink’s view of crypto changed with this new price point?

ShapeShift, a global digital asset trading platform, was created with a vision of minimizing user-collected data. That vision was tarnished in 2018 when the platform began requiring basic information, resulting in a 95% loss of its user base. ShapeShift’s tumultuous history has added another chapter today with the announcement that it is converting to a decentralized autonomous organization, or DAO, owned by the users. Is this one step in a greater trend of fundamentally shedding corporate organizational power structures?

Federal Reserve Chairman Jay Powell countered Vice Chairman Randal Quarles’ pro-stablecoin stance in a recent testimony before Congress. While Quarles asserted successful stablecoins would make a U.S. central bank digital currency (CBDC) redundant, Powell offered the opposite opinion: “You wouldn’t need stablecoins, you wouldn’t need cryptocurrencies if you had a digital U.S. currency.” Whose stance will win in the growing stablecoin versus CBDC debate?

Two members of the U.S. Securities and Exchange Commission released a letter of dissent following a SEC enforcement action against U.K. company Coinschedule for anti-touting provisions. The letter expressed the members’ disappointment at the lack of regulatory clarification following the Coinschedule opportunity and an overarching distaste at a lack of transparency surrounding crypto guidance. Will more members follow in their footsteps and push for a clearer SEC stance?

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Stefan Wermuth/Bloomberg/Getty Images, modified by CoinDesk.

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While the European Central Bank accelerates its digital euro project, one Fed official throws cold water on U.S. CBDC plans.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW analyzes a stablecoin-focused speech from Randal Quarles, vice chair of the Federal Reserve, starting with a primer on developing trends related to the topic, including:

  • CBDC discussion, investigation and development across global powers
  • The ability of stablecoins to make a U.S. CBDC redundant

The conversation around central bank digital currencies (CBDCs) is growing louder. In China, the digital yuan continues to roll out through lottery tests and, more recently, for use in the Beijing subway. Today, the European Central Bank announced a new two-year “investigation” period during which the ECB will prepare for a larger digital euro design phase with user consultation, regulatory discussions and market analysis.

Still, NLW argues that we can’t view the rise of public CBDC discussions in the absence of the growing adoption of private stablecoins. While these private, fiat-pegged stablecoins seem increasingly in the regulatory crosshairs, Federal Reserve Vice Chair Randal Quarles recently argued the U.S. central bank and policy makers shouldn’t fear them – and that, indeed, when regulated properly, stablecoins might make the need for a CBDC redundant.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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One early bitcoin investor with a traditional background is less concerned about any upcoming bubble.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW analyzes value investor turned bitcoin bull Bill Miller’s contrarian take on a possible upcoming market bubble. Miller’s background lies in traditional markets, with a massive portion of his portfolio grounded in strategically held Amazon shares. That, in addition to his relatively early bitcoin investments, provides him with an insider perspective from an external base understanding of markets. While other top investors predict an “epic” market crash, Miller remains unconcerned.

Today on the brief, NLW covers the most recent crypto market news, including:

  • New CPI releases fanning the inflation debate fire
  • Crypto volatility spillover risks to traditional markets
  • Square’s forthcoming hardware wallet

Newly released Consumer Price Index (CPI) numbers fuel an ongoing, contentious debate around inflation. While the Federal Reserve sticks to its “transitory” assessment, others are not so sure. How will the numbers change as base effects no longer become a valid explanation?

As institutional investors fill the crypto space, a “spillover” system risk concern becomes increasingly relevant. Is spillover just another piece of FUD, or is it an inevitable reality as traditional and crypto markets become more entwined?

Square’s teasing of a hardware wallet project is materializing. CEO Jack Dorsey tweeted no less than 12 guiding principles for the project, and the project lead more recently announced the company’s dedication to make “bitcoin custody more mainstream.” Although no exact timeline for release exists, Square’s project is an exciting step towards easier entry to bitcoin mobile and self-custody use.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Abscent84/iStock/Getty Images, modified by CoinDesk.

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Some argue bitcoin wealth is exhausting the world’s productive potential.

This episode is sponsored by NYDIG.

In this episode, NLW focuses on:

  • Inflation measures, impacts and who’s to blame
  • News out of Paraguay concerning pro-bitcoin legislation

A recent “Wall Street Journal” survey of economists revealed they expect higher inflation rates to persist for years to come. “Money Week” ran an op-ed playing on the increased attention on inflation where they pin bitcoin as an unused hoard of productive wealth and a reason for inflation. Is bitcoin really to blame for expectations of continuing inflation?

El Salvador’s influence continues to permeate other nations hoping to make similar advances in crypto. On Wednesday, July 14, a Paraguayan “Bitcoin Bill” is expected to be introduced. Though the exact contents of the bill are not yet known, Paraguay would be the next country setting a positive stance towards crypto.

Lastly, NLW covers more in bitcoin and crypto news. What does Grayscale’s move to make its Large Cap Fund a Securities and Exchange Commission reporting company mean? Also, can China’s post-COVID economic recovery be an indicator for what will happen in the rest of the world?

Grayscale is owned by Digital Currency Group, which is CoinDesk’s parent company.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is "Countdown" by Neon Beach. The music you heard today behind our sponsor is "Razor Red" by Sam Barsh. Image credit: Devrimb/iStock/Getty Images, modified by CoinDesk.

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A reading of an excerpt of U.S. Sen. Elizabeth Warren’s recent letter to SEC Chair Gary Gensler and a responding essay.

This episode is sponsored by NYDIG.

On this edition of “Long Reads Sunday,” NLW reads an excerpt from Sen. Elizabeth Warren’s questions to SEC Chairman Gensler about crypto and crypto exchanges. NLW then reads an essay responding to Warren’s recent discussions of the topic from Murtaza Hussain called “Elizabeth Warren’s Bitcoin Blind Spot.”

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Circle and Robinhood are both coming to public markets, but will they re-excite those markets when it comes to crypto?

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at how Wall Street momentum in crypto rose last year only to fade this year. With Circle coming to markets via a SPAC merger and Robinhood going public, is there a chance those events will bring some renewed excitement?

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President Biden’s decisive action to promote competition in the U.S. reflects a decreasing public approval of Big Tech.

This episode is sponsored by NYDIG.

On this episode of “The Breakdown,” NLW analyzes President Joe Biden’s “Factsheet: Executive Order on Promoting Competition in the American Economy,” including:

  • The shift in public sentiment against Big Tech
  • The order’s implications to the tech and finance sectors
  • Crypto’s decentralized nature as intrinsically anti-monopolist

For a period of time, tech companies enjoyed the highest public opinion among large corporations. However, the rise of ad-focused platforms and the advent of social media (with all its demons) encouraged increased scrutiny. Privacy concerns only add to the distaste toward companies including Amazon, Google, and Facebook.

With public opinion souring, governments are similarly implementing various regulation schemes as they become wary of the threat of monopolization. Take Europe, for example, which created the General Data Protection Regulation system, and China’s more aggressive actions against social media. The U.S. has dabbled in tightening its reins on big tech with an assortment of antitrust lawsuits, but President Biden’s recent executive order takes the mentality to a new level.

The public mindset and regulatory shift places crypto as the potential solution to concerns of monopolization. Crypto’s decentralization – its lack of CEOs and corporate power structures – make it an attractive path away from monopolies in the American economy.

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With so many strong opinions about the mechanisms behind GBTC and BTC plays, the answer is elusive.

This episode is sponsored by NYDIG.

NLW explores the debate surrounding the GBTC unlock’s bearish or bullish nature on this episode of “The Breakdown,” including:

  • Historical impacts of market structure on prices
  • GBTC’s influence on markets as its premium attracted investors
  • Analysis of the GBTC unlock bearish vs. bullish debate

Grayscale Bitcoin Trust (GBTC) is an investment vehicle that allows institutional and public market investors to invest in bitcoin without purchasing the cryptocurrency directly.

While many GBTC investors were simply looking for public market exposure to bitcoin, many firms also took a more strategic approach to capture the neutral arbitrage trade of GBTC shares trading at a premium to the native asset value (NAV) of bitcoin. The demand for public market vehicles coupled with a lack of other alternatives placed GBTC at a desirable premium.

The GBTC NAV trade was a significant source of buying pressure through the back half of 2020 and the beginning of 2021, but when the premium turned to a discount (thanks to a variety of factors, including competition from other bitcoin proxies in the public markets), that source of buying pressure dried up.

When an investor buys into GBTC, their shares are locked up for six months. More than 100,000 bitcoin worth of shares are expected to be released throughout July. The looming flood of shares into secondary markets has sparked a debate on whether the unlock will be bearish or bullish for the spot price of bitcoin.

Featuring commentary from Lyn Alden, Loomdart, Willy Woo and more.

Grayscale is owned by Digital Currency Group, which is CoinDesk's parent company.

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The context for news about states fighting crypto is a larger set of historical and geopolitical forces.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW explores what he calls “the shifting tectonic plates of the global social order.” On one side, he argues, are the forces of de-globalization, with nations turning inward and focusing on economic sovereignty. Part of that is states exerting more control over corporations and Big Tech. On the other is a process of de-nationification, where powers previously reserved for states – such as printing money – are increasingly in the hands of new internet-based networks and corporations. This shapes the larger context of crypto disruption and puts a lens on understanding the growing regulatory debate.

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REvil, the ransomware group behind the Colonial Pipeline attack, strikes again.

This episode is sponsored by NYDIG.

On this extended-brief style episode of “The Breakdown,” NLW discusses recent news, FUD and policy in the world of crypto, including:

  • The ransomware group behind the Colonial Pipeline attack strikes again
  • An increasing list of regulatory actions against Binance
  • The China crackdown on crypto trading

The attack against Colonial Pipeline pushed ransomware fears to a new level. REvil, the same group behind the Colonial attack, stuck once again. Kaseya, a company providing network-management services, was the most recent victim. With one million machines infected, the media and regulators look for an easy target to blame for the increase in ransomware attacks. Who will take the fall: Russia or Bitcoin?

Binance continues to fall under increased regulatory scrutiny. Barclays Bank, one of the U.K.’s biggest, has stopped card payments to Binance. At the same time, Thailand filed a criminal complaint against the company, and the Cayman Islands said Binance would not be allowed to do business there. Though Binance is the current target, do these actions suggest a shift in sentiment from banks and regulators on crypto?

China’s crackdown on crypto continues, this time with an emphasis on trading. The business administration department of the People's Bank of China and the Beijing Financial Supervision and Administration bureau issued yet another warning about crypto trading. This warning was joined by an enforcement action against Beijing Qudao Cultural Development Limited, as well as Didi, a popular ride hailing app. Is China banning itself from crypto?

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A conversation with the Circle CEO about the prospects for traditional finance to move into DeFi.

This episode is sponsored by NYDIG.

This conversation was originally released as a sponsored content webinar from Circle and CoinDesk. NLW decided to release it on his podcast of his own volition and was not paid to do so. The conversation covers why institutions are becoming interested in DeFi, which institutions are starting to participate and what barriers remain.

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A reading of Jeff Dorman’s recent FUD-busting newsletter.

This episode is sponsored by NYDIG.

On this holiday edition of “Long Reads Sunday,” NLW reads Jeff Dorman’s “Debunking 10 Digital Asset Bear Market Theses.”

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Recapping this week’s congressional hearing and more on “The Weekly Recap.”

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap," NLW looks at:

  • Why this week’s congressional hearing suggests elected officials are taking crypto more seriously
  • A slate of CBDC news from around the world
  • The beginning of a new macro narrative for Ethereum and DeFi

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But how much do people trust the Council’s methodology?

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW looks at the latest in the highly dynamic, fast-evolving world of bitcoin mining, including:

  • China’s mining ban and the “Great Western Hashrate Migration”
  • Bitcoin’s built-in hashrate fluctuation mitigation, the “difficulty adjustment”
  • The Bitcoin Mining Council’s newest sustainable mining figures

China’s expansive mining ban, including regions with hydroelectric power, forced China-based miners to liquidate some of their crypto in preparation for a move elsewhere. Where will hashrate move next? Will miners join U.S. crypto-friendly jurisdictions like Texas and Kentucky, or will they stay close to home in bordering countries like Kazakhstan and Russia?

The ban induced a massive reduction of hash power on the network. Luckily, Satoshi prepared for such a circumstance and built in a concept of “difficulty adjustment” into Bitcoin’s protocols, which allows for fluctuation in the composition of miners. The adjustment expected to be made tonight will be the highest adjustment ever made on the network.

Lastly, NLW addresses a report released by the Bitcoin Mining Council on sustainable energy disclosures. This report’s feature number, 56% of mining electricity mix is sustainable in Q2 2021, has some groups excited while others remain skeptical of the validity of the report. As NLW argues, “Some data is better than no data.”

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A fresh wave of institutional investors poses new risks to crypto.

This episode is sponsored by NYDIG.

In this episode of “The Breakdown,” NLW discusses a fresh wave of investors and their potential disruptions to markets, including:

  • Two new major hedge funds, Point72 and Soros Fund
  • Inevitable short-term investors as part of market maturation
  • Troublesome possibility of regulation forming around institutional trading habits

In early 2020, institutional investors flowed into the crypto space nonstop, including hedge funds, corporate treasuries and insurance companies. This new type of investor changed the space, with surging and plunging prices following news of investors coming and going. Then the flood stopped as the always-controversial Elon Musk’s Tesla balked at bitcoin’s energy consumption and walked back accepting the top cryptocurrency in exchange for the company’s trendy vehicles.

In the last quarter, institutional investors have been stepping back into crypto. Point72, Steve Cohen’s company, stated it would be “remiss to ignore a now $2 trillion cryptocurrency market” and is looking to hire a “Head of Cryptocurrencies.” Besides Point72, internal management at George Soros’ Soros Fund has given the “greenlight to actively trade bitcoin.”

Are these two hedge funds just the tip of the iceberg for a resurgence in institutional investment? How will this new mass of money impact markets and regulation?

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U.S. hearing on crypto indicates policymakers’ increasing intention to regulate the crypto market.

This episode is sponsored by Nexo.io.

An interview with a congressman followed by a congressional hearing on crypto signal policymakers are moving to the next phase of talks about regulating crypto.

  • Troubling comments in Congressman Bill Foster’s interview with Axios
  • Upcoming committee hearing titled ominously “America on ‘FIRE:’ Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?”

Foster has historically been a champion of the crypto market: He is a co-chairman of the Congressional Blockchain Caucus and was previously supportive of the future of crypto. However, in his recent Axios interview, his tone flipped, as he went as far as to suggest the need for a “cryptographic backdoor” to allow the court the ability to view or even reverse transactions. Is Foster’s new viewpoint indicative of a greater shift in policymakers’ attitude toward crypto regulation?

Today’s House Committee on Financial Services hearing with a particularly colorful title is yet another signal for an upcoming regulatory push in crypto. The hearing’s agenda includes a discussion of bad actors on decentralized currency exchanges, or DEX, including a reference to Mark Cuban’s recent loss of money in a DeFi “rug pull.” With an expert witness lineup, including Jim Cramer of “Mad Money,” Alexis Goldstein of the Open Markets Institute and Peter Van Valkenburgh of CoinCenter, there is quite a mixed set of viewpoints on the current state and future of crypto.

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A rapidly changing landscape is leading to insecurity on a broad scale.

This episode is sponsored by Nexo.io.

Highlights from today’s Breakdown:

  • The latest legal challenges around the Bitcoin white paper
  • A barrage of institutional bitcoin news
  • What the S&P 500 hitting all-time highs has to do with the crypto markets

For those worried there was a loss of momentum around institutions entering bitcoin, fear not. Cathie Wood’s ARK is joining forces with 21 Shares to become the latest to apply to the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin ETF. Morgan Stanley has bought more than 28,000 shares of the Grayscale Bitcoin Trust.

More broadly, markets have been buoyant over the last few weeks, closing at new all-time highs on Monday. This is finding its way into crypto markets, which reflects how increasingly intermingled traditional investors are becoming with crypto investors.

Could a new COVID-19 variant negatively impact the economy’s overall momentum? If it did, what would the likely impact on bitcoin and other cryptos be?

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What recent intrigue around Binance tells us about the state of global regulation.

This episode is sponsored by Nexo.io and Circle.

Today on the Brief

  • Indian investment in crypto soars
  • The first Mexican bank to accept bitcoin?
  • Tether FUD from the FED?

In our main discussion, NLW looks at recent regulatory action from the U.K., Canada and Japan. He argues that we’re entering a new phase of global regulation, where we’re likely to see a particular focus on leverage and derivatives.

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A recent essay dives into China’s motivations for its recent bitcoin mining ban.

This episode is sponsored by Nexo.io and Circle.

On this week’s “Long Reads Sunday,” NLW reads Nic Carter’s latest essay for CoinDesk “Go West, Bitcoin! Unpacking the Great Hashrate Migration.”

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18 million more Americans will soon be able to buy, sell and hold bitcoin directly from their bank accounts.

This episode is sponsored by Nexo.io and Circle.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

  • Two more massive fundraises
  • A set of positive regulatory news
  • A new partnership that will bring bitcoin directly to bank accounts and credit unions around America

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President Nayib Bukele launches what some are calling the most important airdrop in history.

This episode is sponsored by Nexo.io and Circle.

Last night was one for the history books. As Elon Musk was making weird, stupid jokes about bitcoiners, the president of El Salvador was live on YouTube discussing what amounts to a $117 million BTC airdrop to citizens as a part of the recently passed law making bitcoin legal tender in the Central American nation.

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An unignorable icon’s passing marks the end of an important early age in crypto.

This episode is sponsored by Nexo.io and Circle.

The passing of an icon in crypto necessitates reflection. John McAfee was at times reviled, and at the same time, deadly serious and a prophet, sometimes a clown. The many facets to his personality mirror the roller-coaster history of crypto, a Wild West of finance in its earliest days.

Join NLW in this episode of “The Breakdown” for a journey first through the winding history of McAfee, followed by a narrative tour of the many flashpoints in the “gonzo” era of early crypto.

This episode contains explicit language. Sensitive listeners, please be advised.

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$100 million for NFTs from Fox. $230 million for a new DeFi funding DAO. $380 million for Ledger. If this is a bear market, it’s going to be well funded.

This episode is sponsored by Nexo.io and Circle.

Today on "The Breakdown," NLW looks at the contrast between growing bear market sentiment versus a sustained set of high-profile eight and nine figure financing rounds across multiple dimensions of the crypto market. Specifically, he looks at funding deals in NFTs, DeFi and institutional bitcoin, arguing that even if we do head into a bear market, that capital is likely to mean a return to bull more quickly.

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Circle Yield, now in early access, enables qualified businesses to generate returns up to 6% with 1 to 12 month terms by deploying capital into USDC on a Circle Account. Sign up for the fully secured, institutional yield product at circle.com/nlw.

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One of the top minds in macro explores the key debates shaping the economic landscape.

This episode is sponsored by Nexo.io and Circle.

Lyn Alden, investment researcher and strategist with a keen eye on both crypto and traditional markets, joins NLW on today’s “The Breakdown.” Listen for a conversation about the state of the market and projections for the future including:

  • Inflation: base effects and transitory in nature or here to stay?
  • Foreign debt markets tapering off
  • The Lightning Network and predictions for the success of El Salvador

Inflation at a high number, 5%, leaves investors and market observers jumpy. On top of that, many have a hard time believing the U.S. Federal Reserve’s narrative for inflation as outlined in the recent FOMC meeting. How is this inflation different from previous spikes?

The foreign sector has historically been a large buyer of Treasurys in structural trade deficits. In 2013, China stepped away from this practice and started investing in its own infrastructure and in other regions across the world. Even if other countries continue to invest in U.S. assets, it is increasingly in hard assets like stocks or real estate. Will the dollar weaken as the Fed is forced to be the primary buyer of U.S. Treasurys?

El Salvador’s commitment to bitcoin as legal tender is one thing, but what will the reality of this new currency look like? Bitcoin’s Lightning Network provides easy access and transaction speeds, so long as enough of the general population has access to smartphones.

Lastly, with the public’s attention captured by the current inflationary moment, what market features are getting underreported? Tune in to hear Alden’s perspective on what will have an unexpected impact in the upcoming cycles, including the potential for a significant energy shock in the years to come.

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People’s Bank of China pushes banks to cut ties to virtual currency traders in latest crypto crackdown.

This episode is sponsored by Nexo.io.

On this episode of “The Breakdown,” NLW takes a brief look at the most recent crypto news before taking a deeper dive into the latest step in the de-Chinafication of bitcoin.

  • MicroStrategy going “all-in” on bitcoin
  • Michael Burry’s warnings on Twitter of the “Mother of All Crashes”
  • The “dot plot shock” and post-FOMC meeting confusion
  • Accelerating China mining ban

While in this in-between state, post-COVID and pre-monetary policy tapering, institutional investors find themselves on diverging and opposing paths. Michael Saylor’s MicroStrategy has gone “all in,” while at the same time investor Michael Burry took to Twitter with warnings of an upcoming “Mother of All Crashes.” Confusion following the Federal Reserve’s FOMC meeting only adds to the contention between investors with contrasting visions for the near future of crypto.

The Central Bank of China has convened a meeting with the major banks to reiterate and tighten previous policies on the prevention of virtual currency transactions in bank accounts. Is this restriction on crypto transactions yet another indication that China is taking a more aggressive stance against bitcoin?

More to this point, Sichuan became the most recent province to crack down on crypto mining. Sichuan, primarily mining with hydropower, seems to diminish previous ban reasoning citing environmental concerns. How far will China go to remove itself from bitcoin, and what does that mean for its citizens and the crypto space as a whole?

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A reading from a financial history expert.

This episode is sponsored by Nexo.io and Bitstamp.

On this week’s Long Reads Sunday, NLW reads “How the Civil War Shapes the Future of Stablecoins” by Franklin Noll, and discusses the recent debates around stablecoins and CBDCs.

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Plus more bitcoin institutional news and a FUD recap on this edition of the "Weekly Recap."

This episode is sponsored by Nexo.io and Bitstamp.

This week on "The Breakdown’s Weekly Recap" NLW covers:

  • More institutional bitcoin news, including a new Morgan Stanley fund from NYDIG and FS Investments and a Goldman Sachs trading partnership with Galaxy Digital
  • A resurgence of “crypto is for criminals” FUD plus new China miner shutdowns in Sichuan
  • The latest debates around El Salvador’s bitcoin law
  • Rumblings of bitcoin in Nigeria, CFA countries and Ethiopia

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"It's either shorter-term bear markets, or it's just going to zero. And I really don't believe it's going to go to zero."

This episode is sponsored by Nexo.io and Bitstamp.

The idea of a multiyear supercycle is fading as shorter cycles take their place. In this episode, NLW and guest Larry Cermak, director of research at The Block, discuss the transformation of the supercycle timeline as the crypto space evolves. The discussion includes:

  • An analysis of the macro-narrative and the current “wait-and-see” mode
  • Shorter cycles taking hold as the crypto space matures

The larger institutional narrative promised a bevy of substantial allocators to contribute to the market. That narrative, however, has weakened over time as the promise falls short. Add on the uncertainty from China’s partial ban on mining and Tesla’s environmental concerns, and the narrative continues to lose momentum. What narrative will take over next? When will this “wait-and-see” mode end?

Historically, crypto was perceived to fall into semi-stable cycles. For a couple of years, prices would rise, and for the next two or three years after, prices crash. However, with longer-term investors and a broader focus on usability over speculation, is there now a foundation for a more stable market with shorter cycles?

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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With more than 7,000 listeners, Michael Saylor and many North American miners added color to the initiative.

This episode is sponsored by Nexo.io and Bitstamp.

On today’s episode of “The Breakdown,” NLW first follows up on yesterday’s episode about the FOMC meeting and a potential future shift in Fed policy. As many expected, the Fed kept its short-term policy the same, but revised forward its estimates for when it will begin rate hikes to 2023.

The main discussion focuses on the latest from the Bitcoin Mining Council. Yesterday, MicroStrategy CEO Michael Saylor hosted a 90-minute discussion via Twitter spaces that featured many pointed questions. NLW argues that what’s clear from the session is Saylor is focused on scaling bitcoin from a $1 trillion asset to a $100 trillion network and fighting anything that stands in the way.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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More sense of the changes coming ahead of today’s FOMC briefing.

This episode is sponsored by Nexo.io and Bitstamp.

On today’s episode, NLW looks at the Federal Open Markets Committee briefing coming up this afternoon and discusses what it might signal in terms of future monetary policy. The discussion includes:

  • How the Great Financial Crisis inspired “the largest monetary policy experiment in history”
  • 2013’s “Taper Tantrum”
  • The return to GFC era policies during COVID-19
  • The insurgency of meme traders
  • Why inflation is a self-fulfilling prophecy

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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A digital dollar hearing today in Congress could provide insight into the future of USD.

This episode is sponsored by Nexo.io and Bitstamp.

The question of digital currencies is a question of power. On today’s episode, NLW explores that power in multiple dimensions: between states, between states and companies and within states with regard to their citizens.

NLW looks at recent regulatory announcements, including:

  • The SEC leaving crypto off its regulatory priorities list
  • A House hearing on the digital dollar

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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The originator of the “Great Monetary Inflation” thesis that helped jumpstart this bull run weighs in on bitcoin and macro.

This episode is sponsored by Nexo.io and Bitstamp.

Just when it seemed like the “Economic Empowerment” narrative coming out of El Salvador was poised to overtake the inflation/digital gold narrative, one of that viewpoint’s strongest advocates was back on CNBC today. Hedge fund legend Paul Tudor Jones discussed why he doesn’t think inflation is transitory, why he recommends 5% in bitcoin and why the outcomes in the market will be based largely on what the Fed does next.

Also on this episode:

  • Elon Musk says Tesla will accept BTC as payment again once renewable mining hits 50%
  • Michael Saylor and MicroStrategy sell $500 million in bonds to buy more BTC
  • More shockwaves from El Salvador’s landmark bitcoin law

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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A reading of Alex Gladstein’s recent essay.

This episode is sponsored by Nexo.io.

This week’s “Long Reads Sunday” presents a reading of Human Rights Foundation CSO Alex Gladstein’s piece “Bitcoin Is a Trojan Horse for Freedom.” NLW contextualizes the piece with this week’s landmark legislation out of El Salvador and the concerns some international observers have about that country’s president.

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Driven by El Salvador, a new narrative for global bitcoin adoption is emerging.

This episode is sponsored by Nexo.io.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

  • Why the El Salvador news didn’t (immediately) impact bitcoin’s price
  • How narratives set the tone for new entrants to the bitcoin market
  • How the digital gold/inflation narrative relates to the economic empowerment narrative
  • The bitcoin game theory for small nations to invest in bitcoin
  • How this could impact ESG critiques

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Featuring Bitcoin Beach’s Mike Peterson.

This episode is sponsored by Nexo.io.

On today’s episode, NLW is joined by Mike Peterson, director of Bitcoin Beach. Bitcoin Beach is a community project in El Salvador that has spent the last two years helping individuals and companies integrate bitcoin into their daily lives and long-term habits. President Nayib Bukele cited Bitcoin Beach in inspiring El Salvador’s bitcoin legal tender law.

In this interview, NLW and Mike discuss:

  • How he came to reside in El Salvador
  • How the bitcoin community project started
  • What drove community adoption at the beginning
  • How remittances and COVID-19 solidified the value of BTC to the community
  • How bitcoin has changed how people think about investing
  • How international bitcoiners such as Miles Suter and Jack Mallers got to know the project
  • Where the project stands today (complete with 22 different community initiatives)
  • How bitcoiners can get involved

Find our guest online:

Twitter: @Bitcoinbeach

Web: www.bitcoinbeach.com

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China shuts down mining and starts censoring crypto exchange terms while U.S. senators and CFTC commissioners attack crypto.

This episode is sponsored by Nexo.io.

In a week so filled with the optimism coming out of El Salvador, of course there had to be another side of the story.

On today’s episode, NLW looks at three examples of the existing power structure fighting back against the rise of crypto:

  • China shutting down mining in two provinces and apparent censorship of exchange-related terms on Baidu and Weibo
  • A CFTC commissioner’s extremely negative comments on decentralized finance
  • Sen. Elizabeth Warren’s full-throated assault on bitcoin from yesterday’s Senate Banking Committee hearing

Is bitcoin devolving to just another partisan issue?

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Recapping a historic evening.

This episode is sponsored by Nexo.io.

Last night, El Salvador voted to pass the bill making Bitcoin legal tender. As representatives debated the bill, the President of El Salvador Nayib Bukele and his brother and campaign manager Karim Bukele surprise-joined a Twitter Space hosted by Nic Carter, where the president would spend about an hour answering questions.

In today’s episode, NLW breaks down:

  • The substance of the bill
  • Specific elements of the plan from the Spaces chat - including Volcano mining and the Bitcoin cost of foreign residency
  • The historical significance of the moment for Bitcoin, media, El Salvador and more

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Why being anti-Big Tech monopoly and pro-bitcoin are clearly compatible ideologies.

This episode is sponsored by Nexo.io.

On today’s episode, NLW looks at a grab bag of recent news:

  • El Salvador’s bitcoin announcement makes waves as politicians from six more Central and South American countries change their profiles to laser eyes
  • Donald Trump resurfaces to rip bitcoin again
  • No, the FBI didn’t break bitcoin
  • Why Tim Wu’s bitcoin holdings are intellectually consistent with his antitrust stance

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A discussion of the implication of El Salvador’s announcement for Salvadorans, bitcoin and the world at large.

This episode is sponsored by Nexo.io.

On Saturday, the Bitcoin 2021 organizers teased that one of the biggest announcements in bitcoin’s history was coming.

That announcement ended up being from El Salvador President Nayib Bukele, who shared that he was advancing a bill to make bitcoin legal tender in the country.

Since then there has been a huge amount of debate and discussion about the implications and the significance of the move. In this episode, NLW breaks down the story from multiple angles.

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Does the Biden budget signal a new era of deeper government involvement in American’s lives?

This episode is sponsored by Nexo.io.

A reading of David Z. Morris’ piece for CoinDesk “Has COVID-19 Made Biden’s Big Spending the New Normal?”.

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After the third-worst month in bitcoin price history, it’s worth asking.

This episode is sponsored by Nexo.io.

Today on “The Breakdown’s Weekly Recap” NLW looks at a growing number of predictions of a new “crypto winter” as well as some reviews of how companies and DAOs are preparing for that possibility. He shares poll results from whether Bitcoin Twitter thinks this bull market is over and discusses how the macro landscape may be playing into it.

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Who is buying? Who is selling? And who is driving the future of the space?

This episode is sponsored by Nexo.io.

Today on the Brief:

  • May’s middling jobs report
  • A ransomware update
  • Square building a bitcoin hardware wallet

Our main discussion looks at the various constituencies within bitcoin and asks who has what type of power to shape the network. Specifically, NLW homes in on recent price action and the divergent actions of large holders and small holders over the month of May.

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A series of new reports from state-owned media aren’t kind to crypto trading, but they reinforce that it is still allowed.

This episode is sponsored by Nexo.io.

Today’s episode looks at crypto in geopolitical context, focusing on:

  • A follow-up on the ransomware surge, with experts suggesting that it’s not about crypto payments but about the “ransomware-as-a-service” distribution model
  • A look at why a Russian opposition leader is moving his supporters to crypto fundraising exclusively
  • A review of a series of reports from Chinese state-owned media that, while trying to convince citizens to stay away, nevertheless reinforce they still have agency to own and trade crypto

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With a rise in ransomware attacks, many are jumping to blame bitcoin and crypto. Are they right?

This episode is sponsored by Nexo.io.

Today on the Brief:

  • China’s next digital yuan trial
  • More Bitcoin ETF delays
  • Standard Chartered to open crypto prime brokerage

Our main discussion focuses on the rise of ransomware. NLW examines:

  • The real reasons ransomware is on the rise
  • The factors beyond crypto payments that contribute to ransomware
  • Why some are using ransomware as justification for crypto bans
  • Why crypto bans would be painfully ineffective at stopping ransomware
  • Why the Biden Administration’s response to ransomware should give the crypto industry cause for optimism

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An exploration of the shifting tones of U.S. regulators around crypto.

This episode is sponsored by Nexo.io.

Today’s episode includes a quick update on Marathon’s bitcoin mining about-face. Our main discussion focuses on the changing shape of crypto regulatory discussion in the U.S. While more regulation appears to be on the horizon, that regulation likely reduces the chance of more extreme actions.

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A replay of NLW’s original episode on the topic from May 2020.

This episode is sponsored by Nexo.io.

A year ago this month, legendary hedge fund manager Paul Tudor Jones released a paper about the “Great Monetary Inflation.” It set the entire narrative backdrop for the institutional move into bitcoin, and also revealed PTJ as a bitcoiner. This is a replay of NLW’s original episode breaking down why the paper mattered.

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American Hacker Jeffrey "Sneak" Paul joins Bram for a deep-dive into the hard problems behind the growing rash of ransomware attacks, what it means and what we can do about it.

This episode is sponsored by Nexo.io and Bitstamp.

On this episode we’re digging into, not a new problem, but an old problem that seems to be getting worse as a growing proportion of our lives are spent connected, to each other, to the internet and inadvertently to criminals who use technology to extort money, often in the form of cryptocurrencies. It’s called ransomware, and to help us understand and sort through today’s topic, Hard Problems host and Chia CEO Bram Cohen is joined by special guest Jeffrey Paul, better known as Sneak.

On May 7th, an employee of Colonial Pipeline Company found a ransom note on one of their computers. The pipeline provides nearly half of the fuel for the east coast and they were locked out. Days later, they’d admit to paying 4.4 million dollars in bitcoin to the group who did it. It’s the most recent high profile example, but it’s certainly not the only one. Going back through CoinDesk’s archive, I found nearly a hundred articles written over the years. We’ve seen hospital systems and industrial players extorted along with lots of normal people. And those are the ones that we hear about, it’s assumed that many victims of extortion simply pay the ransom and keep it to themselves.

This episode was recorded live over the audio only social network known as Clubhouse. If you'd like to join our live audience, our next recording session is Wednesday June 2nd, 2021 at Noon Pacific/3pm Eastern time where we'll be discussing modern music, it's eccentricities and how it's changing as technology plays an ever-larger role with grammy nominated composer and musical pioneer BT. If you're not already on Clubhouse, you can use this link to get around the invitation requirement, set up your account and RSVP for the event.

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A reading of Balaji Srinivasan’s essay “The Network Union.”

This episode is sponsored by Nexo.io and Bitstamp.

What exists between a Facebook group and a formal organization? Right now, not much. But in the future, Balaji Srinivasan argues, blockchain-powered communities will be able to exert the power to help them develop the polities of the future. On this “Long Reads Sunday,” NLW reads Balaji’s “The Network Union.”

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Given the past few weeks’ price actions, has the popular theory been disproven?

This episode is sponsored by Nexo.io and Bitstamp.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at what this cycle has taught us in terms of:

  • Who is investing and how it’s influencing markets
  • How market structure and narrative interact to shape price action
  • Why stablecoins could be a dark horse for reducing the duration of future market downturns

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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A discussion with the ARK founder on bitcoin, ESG and, of course, Elon Musk.

This episode is sponsored by Nexo.io and Bitstamp.

Today’s special edition of “The Breakdown'' is a replay of NLW’s fireside chat with ARK’s Cathie Wood that premiered yesterday as a closing keynote at Consensus 2021. In this conversation, they discuss:

  • How macro going risk-off has impacted bitcoin
  • What was driving Elon’s about-face
  • China and “green” mining
  • Investing in technology innovation
  • Why ARK is investing in Ethereum
  • What role bitcoin plays in a world characterized by deflation rather than inflation

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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A look at the macro discussion on inflation and why it’s pushing people like Icahn to crypto.

This episode is sponsored by Nexo.io and Bitstamp.

Today on the Brief:

  • PayPal to allow crypto withdrawals
  • Regulatory rumblings from the SEC and FinCEN
  • Bitcoin moving off exchanges again

In our main discussion, NLW looks at the macro conversation around inflation, including:

  • How concerns around inflation and the Federal Reserve withdrawing support have caused markets to go risk-off
  • Where bitcoin fits in a risk-on/risk-off context
  • Why billionaire Carl Icahn is eyeing a $1B-$1.5B crypto bet

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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An update on the Bitcoin Mining Council and the China Mining Ban.

This episode is sponsored by Nexo.io and Bitstamp.

Today on The Breakdown, NLW covers:

  • More information about the Bitcoin Mining Council, and why its members say they’re strictly focused on energy transparency
  • A new, temporary crypto mining ban in Iran
  • The latest on the China mining ban, including new proposed rules from Inner Mongolia, more on-chain data about miner activity, and a very different interpretation of the CCP’s motivations for the current action

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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The community had extremely mixed reactions to Michael Saylor and Elon Musk’s new initiative.

This episode is sponsored by Nexo.io and Bitstamp.

Yesterday, Michael Saylor and Elon Musk surprised the Bitcoin community when they announced a new "green" mining initiative that would see many of North America’s leading mining operators come together to develop common energy reporting standards as well as advocate for greener mining worldwide.

In this episode, NLW breaks down the community’s response, which ranged from enthusiastic to downright aghast. He discusses why there are such big differences in how people are interpreting the initiative and what their reasons for supporting or questioning it say about Bitcoin as a network.

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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A big shift from one of finance’s biggest names, plus a recap on the latest China-Bitcoin intrigue.

This episode is sponsored by Nexo.io and Bitstamp.

Today’s episode of “The Breakdown” is split into two parts. In part one, NLW recaps the latest out of China, including:

  • Interpretations of Friday’s surprise targeting in a speech by the Vice Premier
  • A weekend market crash, the second of the week
  • Miner selling and the motivations behind it
  • What to watch for in the coming days

In part two, he puts in context the news that Bridgewater’s Ray Dalio owns bitcoin, looking at the larger institutional pattern that has driven the bitcoin bull and Dalio’s specific concerns about currency devaluation.

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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A reading of two recent essays on central bank digital currencies.

This episode is sponsored by Nexo.io.

For this week’s “Long Reads Sunday,” NLW reads:

“What If Somebody Hacks the Money Pipeline Next?” By David Z. Morris

“A Central Bank Digital Currency Would Be Bad for the US” by Dante Disparte

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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One of Capitol Hill’s most connected insiders says crypto is here to stay.

This episode is sponsored by Nexo.io.

On this week’s “Breakdown Weekly Recap,” NLW explores U.S. regulatory FUD. He specifically looks at recent statements from the SEC’s Gary Gensler, as well as new Treasury Dept. policy that wants businesses to report crypto transactions of over $10,000 to the Internal Revenue Service. He argues that this is a “bureaucrat's bull market” that will be focused on compliance, not banning.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Could new pressure from the CCP remove coal-powered hash power from the bitcoin mix?

This episode is sponsored by Nexo.io.

This week has been China story after China story in the world of crypto. Increasingly, NLW argues, bitcoiners are getting sick of the baggage that Chinese mining and Chinese state involvement place on bitcoin and crypto as a whole. In this episode, he looks at the latest news from China and points to interpretations from a number of voices that show why what appears to be FUD could actually be a welcomed development.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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It wasn’t narrative but market structure that drove yesterday’s big move down.

This episode is sponsored by Nexo.io.

In this episode of “The Breakdown,” NLW looks at the market structure dimension of the crypto crash, leveraging insights from Alameda Research, Willy Woo and many more. He explores:

  • Why the recent bull run was driven by derivatives more than by spot trading
  • How crypto moving onto exchanges signaled the big move down
  • How cascading liquidations made the down moves even more extreme
  • What the industry thinks about 100x leverage
  • Insider reports on how institutional investors responded

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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In a sea of red, investors ask whether this is just a bull market pullback or represents a more fundamental bearish turn.

This episode is sponsored by Nexo.io.

In one of the bloodiest days in recent crypto history, NLW looks at the reasons behind the wild market crash and explores whether it means an end to the bull market. As part of this, he explores five different categories of fear, uncertainty and doubt (FUD):

  • Elon energy FUD
  • Resurgent tether FUD
  • China ban FUD
  • Used for crime FUD
  • Regulatory FUD

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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This week, “Opinionated” co-hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking to Aaron Lammer, author of a podcast series about the now-defunct Canadian crypto exchange QuadrigaCX.

This episode is sponsored by Nexo.io.

The QuadrigaCX saga, first broken by our colleague Nik De and still not finished, could be a dark detective novel: Gerald Cotten, a CEO of a cryptocurrency exchange QuadrigaCX, reportedly dies in India, the crypto wallets are empty and his widow inherits a mind-blowing fortune, while users are trying to get their money back in court for years (the case is still ongoing).

Aaron Lammer, an experienced crypto podcaster, took on a tricky task to tell the QuadrigaCX story to people who might not know about crypto but definitely can learn a thing or two from this thriller story. Aaron told us how he was investigating the QuadrigaCX story and trying to explain the basics of crypto to a non-crypto audience. The first episodes of his show, “Exit Scam,” are now available for listening.

Aaron interviews a very diverse group of people who have insight into what could have happened at QuadrigaCX, from a private detective specializing in fake deaths to Michael Perklin, chief information security officer at ShapeShift, who knew Gerald Cotten personally. He walks us through what we know and don’t know about QuadrigaCX and its founders, and how the centuries-old history of scams and financial fraud got a new life in crypto.

Enjoy the conversation, as we did, and definitely check out the podcast, an arresting detective story with elements of Crypto 101 course for everyone.

Aaron’s Twitter handle is: @aaronlammer.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Despite inflammatory headlines, today’s note from the People’s Bank of China was a reaffirmation of central bank policy from 2017.

This episode is sponsored by Nexo.io.

On today’s episode, NLW provides an extended brief style episode, covering:

  • Crypto’s allies on Capitol Hill
  • Is “long bitcoin” the most crowded trade in the world?
  • How much of the dip was just Tax Day?
  • No, China didn’t just ban crypto
  • Pomp launches Bitcoin Pizza

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Bitcoin Twitter’s latest skirmish with Elon Musk has as much to say about the nature of power in a social media landscape as it does about bitcoin.

This episode is sponsored by Nexo.io.

If you thought last week’s Elon intrigue was over, think again. This weekend saw an absolute showdown at the bitcoin corral, with Musk seriously losing his cool. In this episode, NLW explores the tussle from a number of dimensions:

  • What it says about the efficacy of Bitcoin Maximalism
  • What is says about Elon Musk specifically
  • What it says about power in a social media-powered world

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Bitcoin's 'Nakamoto Consensus' changed the world. For the first time ever, strangers on the internet were empowered by a system that allowed them to individually and jointly track who owned which internet-native items... First money, then early stage (and often illegal) investments, followed by digital cats, multi-million dollar art, viral memes and soon enough, well, everything.

This episode is sponsored by Nexo.io and Bitstamp.

If there's one complaint (whether right or wrong) about Satoshi's breakthrough, it's the energy cost it comes at.

Whether you're talking about Bitcoin or the myriad other proof of work systems, 'Nakamoto Consensus' is a "competitive money burning process." Each time transactions are added to the permanent history it's a race to see who can prove their commitment to the network by finding the winning raffle ticket the fastest. Everyone races but only one wins and when each block is found, the process starts over. It's not a perfect system, but it works and it's the best one we've found... So far.

In this premiere episode of "Hard Problems", join BitTorrent inventor and Chia CEO Bram Cohen, CoinDesk's Adam B. Levine, community members JMHands and Michel Erb for a lively discussion of Bram's newly launched reinvention of distributed, proof of work consensus known as Proofs of Space and Time.

In it, we discuss

  • The challenges Bram believes his new system resolves
  • How 'Proofs of Space and Time' works compared to traditional 'Nakamoto Consensus'
  • The differences between Bitcoin mining and Chia farming
  • Why improving proof-of-work is the better choice than proof-of-stake or other consensus systems
  • Plus many questions from the live Clubhouse audience, with a special line of questioning from Tuur Demeester

If you'd like to join the live audience for our next Clubhouse recording where Jeffrey "Sneak" Paul joins Bram to dig into the hard and growing problems behind Ransomware, follow 'bramcohen' and 'adamblevine' on Clubhouse.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Stories from Nigeria, Sudan and Ethiopia show how bitcoin is being used in the real world.

This episode is sponsored by Nexo.io and Bitstamp.

This week’s “Long Reads Sunday” is a reading of Alex Gladstein’s latest piece, “Check Your Financial Privilege.” It follows the stories of people in three African nations who paint a very different picture from the rampant speculation you hear about in the news.

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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From Elon’s shenanigans to Vitalik’s SHIB rug pull, this was one for the history books.

This episode is sponsored by Nexo.io and Bitstamp.

On this edition of “The Breakdown’s Weekly Recap,” NLW discusses:

  • Why the Elon Musk issue is really one of power and audience
  • What the Colonial Pipeline attack reveals about our critical infrastructure
  • The debate around Vitalik Buterin and the Shiba coins

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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In almost any scenario, the industry faces one less category of FUD on the other side of the investigations.

This episode is sponsored by Nexo.io and Bitstamp.

Today on the Brief:

  • More chaos from Elon Musk
  • Hedge funds moving into DeFi?
  • Tether reserve attestations

Our main discussion looks at recent revelations of investigations by the Department of Justice and the Internal Revenue Service around Binance. NLW breaks down:

  • What we know about who is involved
  • Why the sound bite seems worse than the real story
  • Why each possible outcome leads the Bitcoin industry to a better place

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Tesla has stopped accepting bitcoin due to environmental concerns – or so it says.

This episode is sponsored by Nexo.io and Bitstamp.

Crypto Twitter exploded last night when Elon Musk announced Tesla was backtracking and would no longer be accepting bitcoin as payment for cars. The debate came fast and furious about whether this was genuine environmental concern and, if so, how Elon was just discovering it now. On this episode, NLW looks at other interpretations, including:

  • Elon playing 4D chess with the price
  • The simple vagaries of an eccentric billionaire
  • Pressure to remain in ESG portfolios
  • Shifting government narratives

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

-

Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Do rising inflation and rising levels of bitcoin ownership have anything to do with one another?

This episode is sponsored by Nexo.ioand Bitstamp.

Today on the Brief:

  • SEC throws cold water on bitcoin ETF dreams
  • MoneyGram brings bitcoin for cash to 12,000 locations (for a hefty fee)
  • Palantir considering adding bitcoin to balance sheet

Our main discussion:

Inflation has seen its biggest growth month in a very long time. Is it just transitory or reducible to base effects or is something more going on? Meanwhile, a new survey suggests 46 million Americans now own bitcoin. Related?

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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The argument that the dollar is losing prestige worldwide got a major boost from a legendary investor.

This episode is sponsored by Nexo.io and Bitstamp.

Last year, hedge fund gurus like Paul Tudor Jones set off the wave of institutional bitcoin buying by cementing the narrative of bitcoin as an inflation hedge. Today, one of those investors - Stanley Druckenmiller - is back with even more dire pronouncements about the likely implication of Federal Reserve policies. The dollar, he says, will lose reserve currency status in the next 15 years. The most likely candidate to replace it? Crypto.

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Every day sees new reports of prices going up – from commodities to plastic to fruit. Are we ready to use the “I” word?

This episode is sponsored by Nexo.io and Bitstamp.

Today on the Brief:

  • Elon Musk saves an SNL flop with a dogecoin satellite
  • Growing interest in Ethereum
  • UBS explores offering crypto to wealthy clients

Our main discussion:

The Wall Street Journal and Bloomberg are both running headlines about increasing consumer prices. For now, most pieces like these remain a healthy combination of spot data (in other words specific companies raising prices) and anecdotes versus aggregate data. That isn’t stopping a new inflation narrative from forming, however. Listen to find out what it means.

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Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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A China-focused discussion on this week’s “Long Reads Sunday.”

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

On this week’s “Long Reads Sunday,” NLW reads Sune Sorenson’s “China Is Opting Out of US-Run Financial System.” He also discusses recent pieces by Niall Ferguson and The Economist that point to a growing conversation about CBDCs that is fundamentally about power and the global system.

-

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.

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While everyone was paying attention to Dog Money, bitcoin was quietly accumulating institutional news.

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

  • Why ETH should have had most of the attention
  • The camps forming around dogecoin and why it’s likely to dump after “Saturday Night Live”
  • A slew of massive institutional bitcoin news that flew under the radar

"Remy: Dogecoin Rap" (Dog Money), ReasonTV

https://www.youtube.com/watch?v=cbI31x3FpS0

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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From Iran miner control to “OFAC compliant blocks,” a new attack vector has emerged.

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

Today on the Brief:

  • Square puts up monster Q1 bitcoin numbers
  • First crypto comments from new SEC Chair Gary Gensler
  • 3 new institutional bitcoin developments

Our main discussion:

As bitcoin becomes more mainstream, the attempts from the powers that be to control it will become more subtle. This week, NLW argues we got a preview of a new approach to trying to exert that control. He argues there is a new attempt to Balkanize Bitcoin and looks at:

  • Iran banning crypto that wasn’t mined in the country
  • Marathon mining an “OFAC-compliant” block
  • Kevin O’Leary insisting on only owning bitcoin not mined in China

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.

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A new research paper from ING suggests that, at the very least, they’re paying more attention.

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

Today on the Brief:

  • MercadoLibre has added bitcoin to its balance sheet
  • Galaxy Digital buys BitGo
  • Debates around the new, improved, real economy

Our main discussion:

While the last year has seen a massive amount of growth in decentralized finance, it has been mostly driven by enfranchised insiders and builders. In this bull market, that is starting to change. In today’s episode, NLW looks at a recent paper by the $1.1 trillion bank ING around where DeFi fits in the context of traditional finance.

-

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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The latest in NYDIG’s year of institutional partnerships has perhaps the broadest potential for financial inclusion in Bitcoin yet.

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

NLW is joined today by Robby Gutmann, CEO of NYDIG. NYDIG is quickly emerging as one of the leading companies helping onboard institutions to bitcoin. This year, it received investment from and announced partners with companies like MassMutual, New York Life, Liberty Mutual, Morgan Stanley and more.

In this episode, Gutmann discusses why the firm’s latest partnership with bank software provider FIS could represent their biggest opportunity for bringing bitcoin to the masses yet.

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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As doge soars 45% in a day, the question of how to interpret its success is more pertinent than ever.

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

NLW asked his Twitter followers about what the success of dogecoin meant to the crypto industry. He got an extremely diverse set of takes. Some see it as a triumph of crypto’s uncontrollability. Some see it as a triumph of the underlying bitcoin tech working on a forked chain that hasn’t had much maintenance in years.

Others see it as a damning indictment of the market as a whole; something that shows what a joke the whole industry is.

Which is it? Can it be both?

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Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.

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From Charlie Munger’s “civilization” comments to the Taproot activation, everything you need to know to start your week.

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

Today on The Breakdown, NLW looks at:

  • Charlie Munger’s and Bill Maher’s weekend comments about bitcoin and why we’re likely to see a lot more of this type of critique the more the bull market heats up
  • The beginning of Taproot’s ‘Speedy Trial’
  • The Digital Dollar Foundation beginning private U.S. CBDC tests
  • Source reporting PayPal is exploring launching a stablecoin

-

Nexo.iolets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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A reading of Ben Hunt’s latest essay “In Praise of Bitcoin.”

This episode is sponsored by Nexo.io and NEAR.org.

Ben Hunt is the author of the wildly popular and always provocative “Epsilon Theory.” In his recent essay “In Praise of Bitcoin,” he calls on bitcoiners to rise up and recognize that the “bitcoin” being adopted by Wall Street is an abstraction that comes with unacceptable compromises.

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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After a good performance from ETH this week, partisans are calling for a flippening yet again.

This episode is sponsored by Nexo.io and NEAR.org.

On this edition of “The Breakdown’s Weekly Recap,” NLW explores:

  • Why JPM and Tesla drove the bitcoin story
  • Why Ethereans are hot on the call for a “flippening” again
  • Why CBDCs are low key one of the most important stories of 2021

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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From BTC to ETH to NFTs to DOGE, it’s a battle for attention out there.

This episode is sponsored by Nexo.io and NEAR.org.

On today’s episode, NLW gives a comprehensive view of the battleground for attention and resources that makes up this 2021 bull market, including:

  • Bitcoin
  • Ethereum and DeFi
  • Ethereum alternatives
  • Ponzi coins
  • Stablecoins and CBDCs
  • NFTs
  • Doge

Where do the next fights and fault lines lay? Listen and find out.

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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What macro role does bitcoin play as GDP and consumer confidence grow?

This episode is sponsored by Nexo.io and NEAR.org.

For the past year, bitcoin’s narrative has been deeply tied to the larger macro narrative of looming inflation. As the economy starts to boom, many continue to point to the spectre of inflation as a bullish force for bitcoin.

In today’s episode, NLW explores growing confidence in the markets and what it means for bitcoin. In particular, he looks at what it would mean if consumer inflation didn’t show up. Would bitcoin be cast aside, or are there properties and uses that make it relevant even outside its role as a monetary hedge?

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Visa’s earnings call makes it clear just how invested the company is in the crypto space.

This episode is sponsored by Nexo.io and NEAR.org.

Today on the Brief:

  • Elon pumps Doge again
  • Detailing Biden’s $1.8T American Families Plan
  • Turkey, Iran, SEC

Our main discussion looks at comments this week from Visa CEO Al Kelly on the company’s relationship with crypto, analyzing the five areas of opportunity Visa has identified:

  • Helping customers buy BTC and crypto
  • Enabling digital cash outs to fiat
  • Enabling TradFi to offer crypto to customers
  • Settlement via stablecoins
  • Central bank digital currencies

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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According to Elon himself, it was all about demonstrating bitcoin’s liquidity.

This episode is sponsored by Nexo.io and NEAR.org.

Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide.

On today’s episode, NLW argues that:

  • The sales proved to Tesla that bitcoin has deep liquidity
  • That the combination of store of value plus upside plus liquidity makes bitcoin uniquely valuable as a treasury asset

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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Sources say JPMorgan’s new actively managed bitcoin product will be available this summer.

This episode is sponsored by Nexo.io and NEAR.org.

Today on the Brief:

  • Sports and crypto come together
  • WTF is going on in Turkey?
  • Wyoming DAO law

Our main discussion: After years of CEO Jamie Dimon ragging on bitcoin, JPMorgan is reportedly set to offer a new actively managed bitcoin product. In this episode, NLW looks back at Dimon’s comments on BTC and how things have changed over time.

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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A reading of Nik Bhatia’s latest essay for CoinDesk.

This episode is sponsored by Nexo.io.

For this week’s “Long Reads Sunday,” NLW reads Nik Bhatia’s latest piece: “Asset Managers, Owning Bitcoin Is Now Your Fiduciary Duty.” He also provides more thoughts on the notion of bitcoin as a non-sovereign money and what that might mean in terms of global balances of power.

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The story of the week was the Tale of Two Dips.

This episode is sponsored by Nexo.io.

On this edition of “The Weekly Recap,” NLW looks at the twin dips that shaped the week. He argues that one upshot is the dips may have taken the wind out of the sales of some very 2017-esque froth that threatened the entire industry.

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Some say this amounts to a way to profit off assets inflated by monetary policy.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Coinbase Pro to list USDT
  • A new Bitcoin Mayor in Tennessee
  • ETH and BTC ETF updates

Our main discussion looks at President Biden’s proposed increase of the capital gains tax rate. NLW breaks down everything bitcoiners are saying about it, with a particular focus on what it has to do with monetary policy.

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Bitcoin mining isn’t destroying the planet, it’s creating a solution to key problems of renewable energy.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Crypto M&A heats up
  • Is ETH deflationary now?
  • Cathie Wood is the Michael Saylor of Coinbase stock

Our main discussion:

Square’s Bitcoin Clean Energy Initiative and ARK Investments have teamed up to release a memo about how bitcoin addresses key issues in the renewable energy space. Not only do renewables make sense as an energy source for mining, but bitcoin mining as “the energy buyer of last resort” could address key issues of intermittency and grid congestion.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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A whiff of 2017 is in the air as TikTok investors and pump-and-dump private groups increase.

This episode is sponsored by Nexo.io.

The years 2017 and 2018 were some of the frothiest, wildest times in crypto market history. Their fallout also dragged the industry down for years, leaving an unmistakable stench of scam for many.

Thus far in this market cycle, much of those excesses have been avoided. Attention and energy has largely been focused on the rise of institutional bitcoin players, or other areas like decentralized finance (DeFi) and non-fungible tokens (NFT) that, while some of the prices might be shocking, at least are full of good faith actors.

On today’s “The Breakdown,” NLW looks at some of the more concerning recent trends that have the stench of 2017 all over them. Can we avoid another cycle where “alt season” games drag down everything else?

Part of the answer to that may lie in how bitcoin’s new institutional buyers react to the froth.

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Despite the FUD, the prospects for bitcoin and crypto in a broader regulatory context have never looked brighter.

This episode is sponsored by Nexo.io.

As this cycle heats up, “governments will ban bitcoin” is one of the top areas of fear, uncertainty and doubt. On this episode, NLW breaks down why that FUD just doesn’t hold much weight right now, looking at:

  • Why the examples of India, Turkey, Nigeria and China are not as bad as what people have posited
  • Why the early indications suggest the Biden administration is more open to crypto than what the Trump administration ended up being
  • Why it matters that two crypto companies today announced major board members and executives from the regulator world

Specifically, NLW looks at Brian Brooks and Chris Giancarlo’s trajectory in both the regulatory sphere and crypto and what their new private sector engagements might mean.

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Instead, the weekend’s rapid price action had its roots in over-leveraged traders.

This episode is sponsored by Nexo.io.

In 20 minutes on Saturday night, bitcoin’s price fell by more than 12%. Crypto Twitter raced to explain it as the byproduct of hashrate crashes after Chinese miners went offline, a suspicious report about the U.S. Treasury Department going after crypto money launders, and/or an upcoming ban in Turkey on using cryptos as currency.

NLW argues that all of those explanations are hogwash and that the crash had much more to do with leverage in the system than any fancy narrative.

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A reading of Nic Carter’s latest painstaking response to the New York Times’ recent hit job.

This episode is sponsored by Nexo.io.

On this week’s “Long Reads Sunday,” NLW reads Nic Carter’s “On Bitcoin, the Gray Lady Embraces Climate Lysenkoism,” a rebuttal of the New York Times’ recent piece on bitcoin energy consumption he says is riddled with false data and debunked sources.

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A look at the news that flew under the radar this week.

This episode is sponsored by Nexo.io.

On this edition of the “Weekly Recap,” NLW looks at three key themes:

  • The continued institutionalization of bitcoin (and, increasingly, ethereum as well)
  • Warning signs of market mania in DOGE and NFT prices
  • Global intrigue around bitcoin and central bank digital currencies

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After a 9,392% run-up over the last three months, is there something about DOGE beyond the meme?

This episode is sponsored by Nexo.io.

Dogecoin is on a tear. And it’s causing many mainstream media outlets to call “bubble.” On this episode, NLW breaks down DOGE as:

  • Valueless memecoin
  • Internet culture incarnate
  • Dada-esque protest to a broken system

Much wow.

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A shifting global balance of power is causing a rethink in the U.S.’ relationship with cryptocurrency.

This episode is sponsored by Nexo.io.

On today’s “The Breakdown,” NLW looks at an underreported story from earlier this week. There are increasingly loud whispers that officials across several agencies, including Treasury, National Security and Defense, are growing concerned with China’s digital currency efforts.

NLW looks at:

  • Why CBDCs are about power, not digital efficiency
  • Why Facebook’s libra was the starting gun
  • China’s possible objectives
  • Why the U.S. tone on a digital dollar is changing
  • How Gary Gensler as SEC Chair could portend a broader attitude shift for the U.S. vis a vis digital currencies

-

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From the company’s history to business model to controversy, it’s everything you need to know.

This episode is sponsored by Nexo.io.

On the day of Coinbase’s historic direct listing on NASDAQ, NLW answers your most important questions about the company and its place in the industry.

  • How did Coinbase become successful?
  • What is the crypto public's perception of Coinbase?
  • What is Coinbase's business model and how has that model been shifting?
  • What is Coinbase's role in the recent institutional shift in bitcoin?
  • Does Coinbase have any controversy in its past?
  • Why did Coinbase choose a direct listing?
  • What are people expecting, price wise?
  • Why did BTC and ETH hit all-time highs in advance of the listing?
  • How might Coinbase impact the crypto markets?

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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New CPI numbers show growing inflation, but is that the whole story?

This episode is sponsored by Nexo.io.

There is perhaps no question more debated in macroeconomics than what sort of inflation we’re likely to see in the coming years. Many are convinced that the combination of a growing money supply, expansionary monetary policy, pent-up demand, reshoring of manufacturing and more are pointing us to a secular inflation era. Others say the forces of deflation and disinflation, like technology and demography, are too strong.

In today’s episode, NLW looks at not only the latest Consumer Price Index numbers released today, but also recent Producer Price Index surveys, wage growth and more to try to put together a more complex, nuanced picture of the likely inflation scenarios going forward.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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This inflection point moment could have major implications for where markets head next

This episode is sponsored by Nexo.io.

Coinbase is set to go public via direct listing on Wednesday.

In today’s episode, NLW breaks down why this is the current bull market’s first big test, looking at:

  • Mainstream narratives
  • Institutional liquidity
  • Retail participation
  • Spillover effects
  • The direction in which we head next

What’s clear is that this bull run does not equal 2017 and will be shaped by a largely different set of forces.

Byzantine General’s overview thread: https://twitter.com/ByzGeneral/status/1381095621017354240

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!)

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A reading of an essay from University of Wyoming philosophy professor Bradley Rettler.

This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.

This week’s edition of “Long Reads Sunday” features NLW reading Bradley Rettler’s “The Rich Get Richer, the Poor Get Bitcoin.” It is an argument that, far from being just a speculative tool for the already wealthy, bitcoin represents a disruptive force that can combat wealth inequality.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Some say “top signal,” others say “Supercycle.” Who is right?

This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.

On this week’s “Weekly Recap,” NLW digs into the theory of the bitcoin supercycle. Are we in the same sort of four-year, halving-driven, boom-bust cycle that has characterized bitcoin so far, or are the new institutional participants breaking us out of that in a fundamental way?

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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Institutional participation in Bitcoin shows no signs of slowing down.

This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.

Today on the Brief:

  • Crypto Climate Accord
  • Robinhood crypto trading
  • The decentralization of venture capital

Our main discussion:

This week was absolutely chock-full of institutions getting into the bitcoin space, yet barely anyone noticed. From Liberty Mutual and Starr Insurance investing in NYDIG to a massive real estate company moving treasury into bitcoin and accepting it for rent, the institutional infiltration of bitcoin shows no signs of stopping.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Recent comments from the PayPal founder, early Facebook investor and renegade libertarian political donor ignite a discussion about the battle around the world’s reserve currency.

This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.

Peter Thiel is nothing if not good at igniting controversy. For the last 24 hours or so, Bitcoin Twitter (and really, FinTwit and TechTwit and Politics Twitter as well) have been hotly debating his assertion in recent remarks that bitcoin had become a “Chinese financial weapon.”

In today’s episode, NLW breaks down:

  • The debate around Thiel’s comments
  • Why bitcoin is more likely a threat to Chinese aspirations around the digital yuan’s future status as a global currency than the U.S. dollar
  • Why digital dollars like tether and USDC might make this whole debate moot from the get-go

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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A new Bloomberg report argues bitcoin is replacing gold more rapidly than expected.

This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.

Today on the Brief:

  • Coinbase’s monster Q1 numbers
  • 150 million evaporate from the global middle class
  • Jamie Dimon’s shareholder letter comments on crypto

Our main discussion: Bloomberg’s latest crypto outlook is out. In this episode, NLW looks at seven aspects of the report:

  • Bitcoin as digital reserve asset in a low-yield world
  • Price support at $50,000
  • Price possibilities of $400,000 in 2021
  • Gold replacement happening more quickly than anticipated
  • Growth in publicly traded companies with crypto exposure
  • Exchange outflows
  • The supremacy of USD digital currencies

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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A look at the most illuminating statistics and metrics across bitcoin, crypto and global markets.

This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.

On today’s episode, NLW provides a whistle stop tour of some of the most interesting and illuminating numbers from crypto and traditional markets, including:

  • The pop in Jurassic Park altcoins
  • Archegos fallout
  • US vaccine distribution
  • Outflows from Turkey
  • SPAC performance before and after mergers
  • Decline in price and volume of NFTs
  • Coinbase valuation
  • Stablecoin transaction volume
  • And more!

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Will the seminal event drive new people to the crypto markets or suck liquidity away from crypto assets?

This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.

Today on the Brief:

  • The 88th anniversary of Executive Order 6102
  • Former SEC Jay Clayton on bitcoin regulations
  • GBTC intends to become an ETF

Our main discussion:

NLW breaks down the potential implications of the Coinbase IPO. He looks at the bullish arguments of mainstream presence, the potential to send people down a bitcoin rabbit hole and the provisioning of easy on-ramps versus the argument that it will give people a chance to get crypto industry exposure without actually holding bitcoin or other crypto assets.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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A reading of Brady Dale’s “Don’t Follow the Suits, Follow the Weirdos.”

This episode is sponsored by Nexo.io.

On this week’s “Long Reads Sunday,” NLW reads CoinDesk journalist Brady Dale’s “Don’t Follow the Suits, Follow the Weirdos.” NLW argues this topic is even more important in the context of bitcoin institutionalization.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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From NFTs on “Saturday Night Live” to Goldman Sachs reversing course on bitcoin, it was a week of widening audiences.

This episode is sponsored by Nexo.io.

On this edition of “The Breakdown” Weekly Recap, NLW looks at a set of mainstream moments including:

  • “SNL” doing a song about NFTs
  • Visa accepting USDC on Ethereum as a native settlement currency
  • PayPal opening crypto checkout to 29 million merchants
  • Goldman Sachs opening bitcoin investment programs
  • Chipotle’s “bitcoin and burritos” promotion

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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This episode is a replay of NLW’s conversation with Cathie Wood from October 2020. In it, they discuss:

  • Why she had conviction in Tesla before the market caught up
  • Why her fund offered the first bitcoin investment opportunities to Wall Street
  • Why it doesn’t hire traditional Wall Street analysts
  • Why it gives away all research for free
  • Why it shares the trades made in a completely open-source way
  • ARK’s recent Bitcoin Investment Thesis white paper
  • What the prospects are for innovation in 2021

Find our guest online:

  • Twitter: @CathieDWood
  • Web: ark-invest.com

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A TL;DR on how Archegos went from betting $50B or more to having nothing overnight.

This episode is sponsored by Nexo.io.

The financial world has been rocked by the Archegos scandal. A family office managing at least $10 billion and betting with $50 billion-$80 billion on leverage that was completely undone, literally overnight.

In this episode, NLW breaks down:

  • Bill Hwang’s origins in Julian Robertson’s Tiger Management
  • Hwang’s conviction for insider trading
  • How Hwang leveraged his fund’s performance to get off prime broker blacklists
  • Why Goldman Sachs, Morgan Stanley and others decided to margin call Archegos last week
  • What the whole affair says about markets today

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Less than a year after it proclaimed cryptocurrencies are “not an asset class,” Goldman is launching a set of bitcoin and crypto products.

This episode is sponsored by Nexo.io and Casper.

As the old saying goes: “First they ignore you, then they mock you, then they fight you, then you win.”

Ten months ago, Goldman Sachs declared that “cryptocurrencies including bitcoin are not an asset class.” Today, CNBC broke the news Goldman is planning to release a full suite of bitcoin and crypto investment products.

On this episode, NLW breaks down the larger macro context that got us from then to now and explains why, if you’re a wealthy client of Goldman, you might have some big questions to ask.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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The old canard that you can’t buy coffee with bitcoin is less true than ever as PayPal rolls out crypto checkout for 29 million merchants.

This episode is sponsored by Nexo.io and Casper.

Today on the Brief:

  • BTC micro futures coming to CME
  • Michael Jordan is now an NFT investor
  • Bitcoin doesn’t care about Treasury yields

Our main discussion: PayPal has begun rolling out its crypto checkout tools to millions of merchants. NLW breaks down:

  • Why payments for day-to-day items have been historically deprioritized for Bitcoin and Ethereum
  • Why the PayPal checkout tools are unlikely to shift the primary use case from store of value style functions to medium of exchange
  • Why the liquidity and utility PayPal crypto checkout creates still adds significant value to these crypto assets

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Visa officially enables USDC as a native currency and means of settlement.

This episode is sponsored by Nexo.io and Casper.

Today’s episode of “The Breakdown” is an extended brief with five different topics:

  • NFTs make it to “SNL”
  • “Green” bitcoin mining
  • Square’s CFO thinks all companies should hold bitcoin in their treasuries
  • Crypto M&A doubles in 2020
  • Visa announces USDC as settlement currency

Ultimately, NLW argues that while non-fungible tokens are showing up in pop culture, the Visa deal reinforces the notion that this crypto bull market is being driven by large-scale institutional engagement.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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A reading of David Hoffman’s recent essay “The Digital Cultural Revolution.”

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

On this edition of “Long Reads Sunday,” NLW reads David Hoffman’s essay “The Digital Cultural Revolution” from Bankless. The essay argues that culture, more than economics, will be the most important long-term beneficiary of the rise of crypto.

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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Recent investments and a TV appearance this week start to show how the legendary investor’s crypto strategy is shaping up.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

On this week’s Weekly Recap, NLW:

  • Highlights the four most important happenings around regulation and central bank digital currencies in the U.S.
  • Updates the macro inflation narrative for a “new normal” era
  • Digs into what we’ve learned recently about George Soros’ bitcoin and crypto strategy

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Although the bitcoin price has been wavering since March 13, there are historical, technical and foundational reasons to be optimistic.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Today on “The Breakdown,” NLW digs into bitcoin and crypto markets. He argues that despite two weeks of sideways-down price action, there are a set of reasons to be optimistic:

  • Historically bad March months versus historically good Aprils
  • Retracements and pullbacks in 2017
  • Analysis around options expiry in 2021
  • The continuation and expansion of the macro inflation narrative
  • Institutions applying for bitcoin ETFs
  • Coins leaving exchanges

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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The fight to protect privacy in the central bank digital currency era just got more intense.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Today on the Brief:

  • Fidelity files a bitcoin ETF application
  • Stimmies to China
  • The situation in the Suez

Our main discussion:

In response to a question from Illinois Democrat Bill Foster during a House hearing earlier this week, Federal Reserve Chair Jerome Powell went on the record as being against an anonymous digital dollar. Treasury Secretary Janet Yellen reinforced that stance, saying anonymity made the U.S. government’s anti-money laundering goals extremely difficult to achieve.

In today’s episode, NLW breaks down why bitcoiners should be willing to get involved in the digital dollar privacy fight.

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

-

Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Tesla is allowing U.S. customers to buy vehicles with bitcoin, and it is not changing the crypto back to fiat.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Today on the Brief:

  • Robinhood IPO incoming
  • Competing bitcoin price predictions
  • Yellen and Powell’s latest testimony on economic growth

Our main discussion:

Elon Musk announced this morning Tesla’s program for buying its cars with bitcoin:

  • Says the company is running Bitcoin network nodes
  • Says Tesla won’t convert back to fiat but will hold bitcoin
  • Expanding the program internationally coming soon

NLW breaks down the hater response from the Tesla and Bitcoin sides and argues that much more significant are the other CEOs – like that of buzzy bed startup Eight Sleep – who are following suit.

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

-

Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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An action-packed couple days in U.S. crypto regulatory commentary.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Three major moments over the last couple days help provide insight into the future of the U.S. government’s relationship with bitcoin, stablecoins and digital currencies.

The first was Federal Reserve Chair Jerome Powell’s comments on digital assets and a central bank digital currency, saying work on a U.S. “digital dollar” was not being motivated by bitcoin or any other crypto, and that bitcoin is just a gold substitute.

The second was news out of the Boston Fed that it would be showing off two digital dollar prototypes in conjunction with MIT by July.

The third was new draft Financial Action Task Force guidance around cryptocurrencies that CoinDesk warns are significantly more onerous than previous guidance.

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

-

Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

-

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The Turkish lira plummets as much as 17% after the surprising firing of Turkey’s central bank governor.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Today on the Brief:

  • Nigeria central bank reversing stance on crypto ban?
  • “The least responsible fiscal policy of the last 40 years”
  • Scaramucci’s firm files fifth bitcoin ETF application

Our main discussion: the crash of the Turkish lira. In this episode, NLW looks at the last few years of Turkish monetary policy, inflation and currency crisis, focusing on:

  • The seesaw shifts between inflation and crisis on the one hand and interest rate hikes on the other
  • The sour legacy of intervention in the central bank by President Erdogan
  • Why the Turkish lira had actually increased 3.07% against the dollar in 2021 before this

Finally, he examines why some think the only tool left in the Turkish central bank’s tool kit to fight inflation is currency controls, and why this is driving people to explore bitcoin as an escape valve.

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

-

Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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A reading of a touching BitcoinTalk post by the late Hal Finney, from exactly eight years ago.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

On this edition of “Long Reads Sunday,” NLW reads a BitcoinTalk forum from exactly eight years ago - Hal Finney’s “Bitcoin and Me.” The piece is about the origins of Bitcoin, and more broadly, life’s treasures.

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Two bills with benefits for crypto miners are waiting to be signed by the governor of the Bluegrass State.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

On this week’s Breakdown Weekly Recap, NLW looks at:

  • The beginning of the next institutional bitcoin wave
  • NFT bubble signals
  • Central bank policy changes
  • Kentucky’s new pro-crypto legislation

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io.

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Jerome Powell discussed CBDCs at a speech this week, saying they need to co-exist with cash.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

Today on the Brief:

  • China-U.S. talks
  • U.S. spending coming back
  • A virtual casino hiring IRL people

Our main discussion looks at central bank digital currencies and why they’re so appealing for bankers, especially compared to cash. NLW discusses:

  • Recent comments from Fed Chair Jerome Powell on why any CBDC would be complement cash
  • Comments from Agustin Carstens about how much oversight CBDCs provide
  • Why privacy advocates are nervous about the coming CBDC era

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io.

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Aker’s new Seetee division is out to prove bitcoin can be a force for positive environmental change.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

Today on the Brief

  • Followup on the FOMC meeting
  • $3.1M for an anonymous team
  • Could we finally see a bitcoin ETF?

Our main discussion: Aker ASA’s new Seetee bitcoin division. NLW explores:

  • Why a Norwegian billionaire is buying into bitcoin
  • Why the move is part of a larger institutional shift
  • Why Seetee founder Kjell Rokke believes bitcoin can spur positive environmental change

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io.

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Three funds led by Galaxy Digital, FS Investments and NYDIG will give bank customers access to the leading digital asset.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

Today on the Brief:

  • What markets want from the Federal Reserve’s FOMC meeting
  • eToro’s $10B SPAC
  • The latest on Coinbase’s IPO

Our main discussion: Morgan Stanley set to become the first big bank to offer wealthy clients access to bitcoin.

In this episode, NLW breaks down this breaking news, including:

  • Restrictions on the fund in terms of who can buy and how much they can spend
  • Background of the firms partnering with Morgan Stanley
  • Why the direct bitcoin exposure is a sea change for institutional investors offering bitcoin products

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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io.

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In his latest essay, the Bridgewater chief argues the U.S. could impose capital controls and ban non-sovereign monies.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

Today on The Breakdown, NLW reviews Ray Dalio’s latest essay, looking at:

  • The six reasons why it doesn’t make sense to hold bonds anymore
  • Why holding bonds is especially troubling in the concept of growing government money printing
  • Why sovereign bond holdings are shifting from the U.S. to China
  • Why proposed wealth taxes are likely just the beginning of a more aggressive period of financial regulation
  • Why we could see the government try to ban gold and bitcoin as their grip on reserve currency status weakens

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io.

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A new survey from Mizuho Securities sees bitcoin as the most popular stimulus investment avenue.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

Today on the Brief:

  • Bitcoin’s $60,000 weekend price brings out the angry bears
  • India’s mixed signals on a crypto ban
  • Tesla’s new Master of Coin

Our main discussion:

A new $1.9 trillion stimulus package is on the books, of which about $400 billion is going to Americans in the form of direct payments. In this episode, NLW looks at what percentage of that might find its way into investments like bitcoin, specifically looking at a just-released survey from Mizuho with some juicy results.

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io.

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A reading of Bitcoin author Nik Bhatia’s latest essay.

This episode is sponsored by Nexo.io and Casper.

On this week’s “Long Reads Sunday,” NLW reads Layered Money author Nik Bhatia’s recent essay for CoinDesk, “Why $1 Million Bitcoin Is Coming.”

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Morgan Stanley, New York Life, JPMorgan and Goldman Sachs are just some of the traditional finance institutions in the crypto news this week.

This episode is sponsored by Nexo.io and Casper.

On The Breakdown’s “Weekly Recap,” NLW looks at news of institutional involvement in the bitcoin and digital asset space including:

  • New York Life investing in and joining the board of directors of NYDIG
  • JPMorgan introducing a “cryptocurrency exposure basket” debt product
  • Goldman Sachs’ COO saying demand is rising

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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The U.S. has now spent more on COVID-19 than on World War II. Here’s what it might mean for bitcoin.

This episode is sponsored by Nexo.io and Casper.

COVID-19 sent the money printer into overdrive. With the newly signed $1.9 trillion stimulus bill, the total spent on pandemic relief in the U.S. exceeds $6 trillion, more than WWII’s inflation-adjusted $4.1 trillion.

In this episode, NLW explores what the possible implications of this spending are for bitcoin, including:

  • Whether we’re likely to see if some of the $400 billion allocated for direct checks to citizens find its way into bitcoin
  • Whether the $1.9 trillion is just the start of a larger set of Biden Administration initiatives that will redefine our relationship with the balance sheet

NLW also does a quick regulatory roundup looking at:

  • The CFTC investigating Binance
  • U.S. Rep. Warren Davidson reintroducing the “Token Taxonomy Act”
  • The introduction of the “Eliminate Barriers to Innovation Act”

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The record-setting NFT auction is generating significant discussion about art, crypto and the state of the macro economy.

This episode is sponsored by Nexo.io and Casper.

Everyone paying attention knew that Beeple’s Christie’s auction was likely going to set a new high-water mark for non-fungible token (NFT) sales. Fewer would have guessed that it would lead to the third-highest auction price for a living artist in history.

On this episode, NLW breaks down:

  • How interest in NFTs is at an inflection point
  • Why it’s not just digital art but sports collectibles as well
  • How the traditional collectibles markets are also exploding
  • Why people think growing NFT prices might be a sign of an everything bubble

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The news comes just days after NYDIG’s announcement of a $200 million financing round including New York Life, Mass Mutual and George Soros as investors.

This episode is sponsored by Nexo.io and Casper.

Today on The Breakdown, NLW catches up on the news from the past few days, looking at:

  • NFTs heating up – and capturing some negative attention in the process
  • Infrastructure acquisitions and M&A heat up
  • Eliminate Barriers to Innovation Act 2021
  • Coinbase’s $100B valuation
  • NYDIG’s $200M round and new board member

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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From the Middle East to the South China Sea, a look at the most volatile parts of the world and what they mean for the macroeconomic landscape.

This episode is sponsored by Nexo.io and Casper.

On today’s episode, NLW is joined by investor and FinTwit star Tracy Shuchart. On the show, they discuss:

  • The world’s most important geopolitical fault lines, from the Middle East to China
  • The early indicators from the Biden administration around foreign policy
  • Jerome Powell’s recent statements on CBDCs
  • The changing global energy landscape

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Why CBDCs are growing as a focus for governments, and what impact they’ll really have on bitcoin.

This episode is sponsored by Nexo.io and Casper.

On today’s episode, NLW provides a 101-style overview of central bank digital currencies, looking at:

  • Why governments are interested in CBDCs
  • Why Facebook’s libra announcement accelerated CBDC development the world over
  • Why China’s CBDC efforts are driven by an attempt to shift power in the U.S. dollar-led global economy
  • How the U.S.’ rhetoric around central bank digital currencies is changing
  • Why CBDCs are likely to be good for bitcoin

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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A reading of Balaji Srinivasan’s recent essay “How India Legalizes Crypto.”

This episode is sponsored by Nexo.io and Casper.

On today’s episode, NLW reads Balaji Srinivasan’s essay “How India Legalizes Crypto.” NLW argues that while India’s proposed crypto ban is nominally the focus, the implications are much bigger and have to do with a forthcoming global monetary competition that will inevitably include private, network cryptos including bitcoin and more.

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A survey of pensions, sovereign wealth funds, hedge funds and more affirms growing institutional interest in crypto.

This episode is sponsored by Nexo.io and Casper.

On this edition of The Breakdown’s weekly recap, NLW looks at:

  • Whether bitcoin is being caught up in the larger macro volatility
  • The latest NFT shenanigans including a burned IRL Banksy
  • The latest on institutional adoption including a positive survey from Goldman Sachs

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A macro expert gives a rollicking 101-style overview of some of the most important market concepts for bitcoiners.

This episode is sponsored by Nexo.io and Casper.

What are Treasury bonds? Why does it matter how they’re doing? Does the Federal Reserve actually print money? What’s the difference between quantitative easing and yield curve control?

Bitcoin undeniably operates in a macro environment. In this 101-style episode, guest Kevin Kelly, cofounder of Delphi Digital, gives listeners a whistle-stop tour of a set of key concepts to understanding bitcoin macro, including bond markets, the Federal Reserve and money printing.

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As the financial world debates rising Treasury yields and waits for Fed Chair Powell’s comments, has bitcoin just become another risk asset?

This episode is sponsored by Nexo.io and Casper.

Over the last year there has been a growing correlation between the stock market and bitcoin. Some of this is attributed to the new traditional participants in bitcoin. Some of it is attributed to bitcoin acting less like an uncorrelated hedge and more like just another risk asset.

In this episode, NLW argues that the notion bitcoin has started acting more like stocks is, in fact, completely backwards. Instead, in a negative, real interest rate environment, stocks have started to act more like bitcoin - as a store of value.

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Gary Gensler’s confirmation hearing and Warren’s appearance on cable financial news give us a preview of crypto’s place in a new political landscape.

This episode is sponsored by Nexo.io and Casper.

Today on the Brief:

  • PayPal acquiring Curv for $500 million?
  • Traditional markets are very confused
  • Portnoy launches Buzz exchange-traded fund

Our main discussion: NLW looks at the emerging political landscape for crypto in the U.S. Specifically, he examines:

  • Gary Gensler’s hearing before the Senate Banking Committee on his nomination to head the SEC
  • Elizabeth Warren’s comments (or non-comments) about bitcoin on cable TV

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As musicians, celebrities and social media stars pile into the space, should we be getting concerned?

This episode is sponsored by Nexo.io and Casper.

On today’s episode, NLW looks at the explosion of interest in NFTs. Big money, big names, big problems?

He asks whether non-fungible tokens are this cycle’s initial coin offerings by looking at five different comparison points:

  • Inflated prices
  • Overpromises
  • Celebrity hype
  • Wheat-and-Chaff
  • Competition with bitcoin

So are NFTs just a new version of the ol’ ICO? Listen to find out.

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A 108-page report from the bank argues that in the future, bitcoin could become the preferred currency for international trade.

This episode is sponsored by Nexo.io and Casper.

Today on the Brief:

  • Michael Saylor bought the dip
  • China bans bitcoin mining in Inner Mongolia
  • WallStreetBets moving off Reddit?

Our main discussion: Citi’s analysis of bitcoin.

February saw a non-stop barrage of bullish bitcoin news with regard to institutional uptake. March is off to a similar start with a massive research report arguing that:

  • Bitcoin’s evolution over the last seven years has been spectacular
  • CBDCs are likely to become more important
  • If CBDCs do become more important, it could spur more corporations to use bitcoin as a global settlement currency

NLW argues that the report itself may be the beginning of a new, important part of the institutional bitcoin narrative.

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A reading of Human Rights Foundation CSO Alex Gladstein’s latest essay.

This episode is sponsored by Nexo.io.

Today on “Long Reads Sunday,” NLW reads “Can Governments Stop Bitcoin?” by Alex Gladstein, published recently by Quillette. Gladstein argues that both technical and legal attacks on bitcoin are extremely difficult to execute, even for large governments.

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NFTs had a major week, with Christie’s Auctioning off its first-ever digital art exclusive and a different NFT selling for $6.6M.

This episode is sponsored by Nexo.io.

This week on the Weekly Recap, NLW discusses:

  • The price dip
  • Tether’s settlement with the NYAG
  • Coinbase’s S1 Filings
  • Beeple’s record-setting NFT sales and what it means for the NFT space as a whole

This week on The Breakdown:

Monday | The First Canadian Bitcoin ETF Is Absolutely Soaring

Tuesday | The Most Conservative Regulator in America Just Settled Its Case Against Tether: Can We Move On Now?

Wednesday | If You Sell Your Bitcoin, Michael Saylor and Jack Dorsey WILL Buy It

Thursday | Bitcoin Investing Is ESG Investing

Friday | Why Cathie Wood Thinks Bitcoin Could Replace Bonds

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The ARK Investment founder discussed bitcoin’s opportunity to act as a replacement store of value at the Bloomberg Crypto Summit.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • SEC investigating Elon’s DOGE tweets?
  • US income growth has second biggest monthly gain ever
  • Robinhood growth suggests crypto mainstreaming

Main discussion: Cathie Wood thinks Bitcoin could replace bonds. In this episode, NLW lays out:

  • How Cathie Wood made a name by being early in Tesla, Bitcoin and innovation
  • How ARK’s funds have grown
  • Why bonds aren’t performing anymore and why bitcoin could fill the gap in investor’s portfolios

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As more investors focus on the environmental, social and governance impacts of their decisions, an argument for why bitcoin is ESG-friendly.

This episode is sponsored by Nexo.io.

In today's episode, NLW looks at how bitcoin fits with the growing trend of ESG (Environmental, Social, Governance) investing. In it, he:

  • Argues that ESG investors should disregard the false idea that bitcoin is only used for crime
  • Provides three frameworks for understanding bitcoin’s energy consumption
  • Demonstrates how marginalized communities are using bitcoin as a tool of economic empowerment
  • Argues that bitcoin provides a new, networked alternative to corporate governance

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Square added $170M in bitcoin to its reserves last quarter, while MicroStrategy announced a fresh $1B bitcoin buy today.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Fed Chair Jerome Powell comments on markets and digital currency
  • Cathie Wood’s ARK faces toughest stretch since last September
  • India’s latest anti-crypto sentiment

Our main discussion: More news on corporate bitcoin buying. NLW discusses:

  • Square’s Q4 and overall 2020 bitcoin performance in terms of revenue and profit
  • Square’s latest bitcoin purchase of ~3,300 BTC for $170 million
  • MicroStrategy’s latest >$1B bitcoin purchase, bringing the total to more than 90,000 BTC
  • Why these announcements are losing their power to move markets

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The case showed Tether and Bitfinex’s track record of misleading statements and dubious practices, but gave no credence to claims that tethers were printed to manipulate markets.

This episode is sponsored by Nexo.io.

On today’s episode, NLW breaks down the final settlement of the New York Attorney General’s case against Tether. He argues that the outcome is extremely positive for the industry, discussing:

  • Why Tether risk became a major source of FUD in 2021
  • How conspiracy theories overtook legitimate concerns
  • The history of the NYAG’s case against Tether
  • Specific findings of the NYAG’s case around two times that Tether was not backed 1-to-1 by U.S. dollars held in Tether bank accounts
  • Why there was never any accusation of Tether printing USDT out of thin air to manipulate markets
  • The specifics of the settlement
  • Why this conclusion clears risk from institutional investors

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The Purpose Bitcoin ETF BTCC could be Canada’s biggest ETF in a matter of weeks.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Welcome back to the price rollercoaster
  • The latest from China’s digital yuan trial
  • A 3-week sprint to a stimulus package

Our main discussion: Canada’s first bitcoin ETF

NLW discusses:

  • ETF 101
  • Pros and cons of a bitcoin ETF
  • History of bitcoin ETF proposals
  • Early performance for Canada’s BTCC ETF
  • Implications for a U.S. BTC ETF in 2021

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A reading of Alex Treece’s recent CoinDesk op-ed, “Why the US Needs Bitcoin.”

This episode is sponsored by Nexo.io.

On this week’s “Long Reads Sunday,” NLW reads Alex Treece’s recent essay “Why the US Needs Bitcoin.” The piece argues the U.S. will inevitably adopt bitcoin as a treasury reserve asset, but by doing so sooner rather than later it can enjoy geopolitical advantages.

NLW follows with a discussion of his assessment of the prospects of a digital dollar backed by digital gold.

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What we learned from the congressional hearing featuring representatives from Reddit, Melvin Capital, Citadel Securities and Robinhood.

This episode is sponsored by Nexo.io.

This week, instead of our normal Weekly Recap, NLW digs into Thursday’s congressional hearings around GameStop, Robinhood and WallStreetBets.

He explores:

  • Why there was a significant focus on T+2 settlement
  • Bipartisan agreement on retail investors getting screwed, but different diagnoses on how to address
  • Why Keith Gill, aka Roaring Kitty, aka DeepF***ingValue is a new American folk hero

Ultimately, NLW argues that any congressional action needs to make it easier for retail investors to be full participants in the market, rather than further limiting their options.

This week on The Breakdown:

Monday | The Mainstream Media Narrative Shifts as Deutsche Bank and Morgan Stanley Come to Bitcoin

Tuesday | Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

Wednesday | Coinbase Trades at a $77B Valuation as BTC Heads Towards a $1T Market Cap

Thursday | How 2,000 Years of Monetary History Led Us to Bitcoin, Feat. Nik Bhatia

Friday | Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here?

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The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.

This episode is sponsored by Nexo.io.

Bitcoin is officially a $1 trillion asset. As the price surged over $54,000, the total market cap of bitcoin reached the new all-time high.

In this episode, NLW explores the significance of the milestone, arguing:

  • There has been a slate of good news, from BlackRock rumblings to Canadian ETFs that have been driving recent price action
  • There are a variety of institutions that couldn’t allocate to the space before because it was too small but which are now in play
  • In the wake of the milestone, we’re likely to see more research house FUD
  • We’re also likely to see a number of major bitcoin positions announced in the days to come

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A conversation with the author of the new book “Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies.”

This episode is sponsored by Nexo.io.

Nik Bhatia is a financial researcher, a CFA charterholder and an Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business.

Nik’s new book “Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies” puts the rise of bitcoin into a larger historical context - from the first coinage of Rome to the introduction of credit in Renaissance Florence to the beginnings of interest rate trading in Antwerp to the genesis of the central bank system that shapes money today.

In this conversation, he and NLW do a rapid tour across those two millennia of economic history, ultimately helping reframe what it means when we say that bitcoin is the new “digital gold.”

Find our guest on Twitter: @timevalueofbtc

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An overview of key news, from a new DeFi Index fund for accredited investors to bitcoin shrugging off growing Treasury yields.

This episode is sponsored by Nexo.io.

Today’s episode of "The Breakdown" analyzes a number of topics across the bitcoin and crypto industry, including:

  • Bitcoin reclaims $50,000 and looks towards a $1 trillion market cap
  • Treasury yields rise, hammering gold but so far having no impact on BTC
  • Bitwise launches a new DeFi index fund for accredited and institutional investors
  • Christie’s is auctioning off NFTs
  • Coinbase is trading at a $77 billion valuation on the private markets

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As bitcoin reaches a new milestone all-time high, NLW asks whether we’ve broken out of a traditional halving-based market cycle to something bigger.

This episode is sponsored by Nexo.io.

Early this morning, bitcoin reached a new all-time high above $50,000. While the market quickly retraced, the psychological barrier was breached. On today’s episode, NLW explores what it means, including whether there is any technical value in the number and Michael Saylor and MicroStrategy’s new $600 million debt offering to buy more bitcoin.

He also explores Dan Held’s concept of a bitcoin supercycle, looking at the three pillars of the argument:

  • Perfect macro backdrop
  • Singular narrative
  • Availability and ease of use

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As another wave of major financial institutions announce bitcoin plans, it’s getting harder for the MSM to simply print the same old FUD.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • A follow-up on celebrity in crypto
  • Dapper Labs and BlockFi raising at multibillion dollar valuations
  • Cathie Wood and ARK increase their bitcoin position

Our main discussion looks at the latest institutional bitcoin news:

  • Deutsche Bank – the world’s 21st largest – quietly revealed a digital asset custody program with much bigger ambitions in a December 2020 World Economic Forum report
  • Bloomberg is reporting that Morgan Stanley’s $150B investment unit is considering a direct bitcoin position

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A reading of Nic Carter’s latest essay for CoinDesk on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions.

This episode is sponsored by Nexo.io.

This week’s “Long Reads Sunday” is a reading of Nic Carter’s latest essay for CoinDesk “What Bloomberg Gets Wrong About Bitcoin’s Climate Footprint.”

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Attorney Preston Byrne joins Ben Schiller to consider the continuing fallout from the WallStreetBets controversy.

This episode is sponsored by Nexo.io.

Preston Byrne is a partner in Anderson Kill's Technology, Media and Distributed Systems Group, and a CoinDesk columnist.

He joins CoinDesk Features Editor Ben Schiller to discuss his recent op-ed about GameStop, Robinhood and the rise of online mobs.

See the article here:

‘The Squeezening’: How the GameStop Backlash Will Curtail Freedom

Schiller spoke to Byrne about:

  • The rise of online mobs from GameStop to Capitol Hill and how the internet is impacting real life in an increasingly tangible way
  • What policymakers can do to prevent mobs doing damage to decent companies
  • Why it’s likely the WallStreetBets Reddit contained some pump-and-dumpers
  • How the regulatory reaction to the WallStreetBets could impact cryptocurrencies
  • How the backlash from “elites” impacted by GameStop could harm free speech
  • Why Preston Byrne supports marmots (which are like squirrels or groundhogs)

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A recap of a swath of news about corporate players coming into the crypto space, and why it could change the landscape of regulation.

This episode is sponsored by Nexo.io.

On this edition of the weekly recap, NLW breaks down the entrance of corporates into the crypto space this week, including:

  • Tesla
  • BNY Mellon
  • Mastercard
  • Twitter
  • Amazon

He also argues that more corporate actors investing in bitcoin and crypto makes it significantly less likely the U.S. government would look towards severe regulation.

This week on The Breakdown:

Monday | Elon Musk Buys Bitcoin: Everything You Need to Know About Tesla’s $1.5B Purchase

Tuesday | Will Apple Be the Next Fortune 500 to Buy Bitcoin?

Wednesday | How Nigeria and India Are Dealing With Crypto Bans

Thursday | Gradually, Then Suddenly: Mastercard, BNY Mellon, Amazon, Twitter Poised to Join the Bitcoin Party

Friday | Why Jay-Z’s Bitcoin Trust Matters

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Hip-hop mogul Sean Carter and Jack Dorsey are putting 500 BTC in a blind trust.

This episode is sponsored by Nexo.io.

On today’s episode, NLW breaks down:

  • The Miami Commissioners vote to start educating people about bitcoin and crypto
  • The Nigerian Senate debate following the Central Bank of Nigeria’s recent crypto ban
  • Why Jay-Z and Jack Dorsey’s bitcoin trust matters

NLW argues the relationship between the crypto industry and celebrities is very different this time around compared to the previous ICO-led bull market.

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In the wake of Tesla’s big announcement on Monday, a wave of corporate engagement with crypto emerges.

This episode is sponsored by Nexo.io.

On today’s episode of The Breakdown, NLW looks at a slew of news from corporates getting into the bitcoin and crypto space, including:

  • Twitter CFO exploring bitcoin treasury holdings and payments to employees and vendors
  • Mastercard announcing crypto coming to payment rails in 2021
  • Amazon revealing its digital currency plans in a series of job posts
  • BNY Mellon, the world’s largest asset custodian, opening new digital asset business
  • Why Christine Lagarde says central banks won’t buy bitcoin anytime soon.

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Two of the world’s ten most populous countries have or are considering crypto bans: Here’s what it means.

This episode is sponsored by Nexo.io.

On today’s episode, NLW examines two governments' attempts to restrict how their citizens interact with crypto. He breaks down:

  • India’s history with crypto bans
  • India’s history with demonetization and financial control
  • What we know about a new bill that would ban crypto and provide a framework for an Indian government digital currency
  • Recent action by the Central Bank of Nigeria to block banks from interacting with crypto
  • Why the CBN action might be related to the politics of the #EndSars movement

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A new analyst report from the Royal Bank of Canada thinks that with a small investment Apple could disrupt the crypto exchange space and pay for it by buying bitcoin.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • A shifting inflation narrative
  • Reddit raises $250M and has a $6B valuation
  • Castle Island Ventures announces $50M fund II

Our main discussion: Might Apple by the next company to dive into bitcoin?

In the wake of Tesla’s surprise $1.5 billion bitcoin purchase announcement, many are wondering which Fortune 500 will be next.

According to a new report from the Royal Bank of Canada - the country’s largest bank with more than C$800 billion in assets - the best candidate may be Apple.

In this episode, NLW breaks down:

  • Why the RBC thinks Apple should build a crypto exchange
  • How a BTC treasury purchase could fund it
  • Why the crypto exchange space and the bitcoin treasury movement are both white-hot topics of discussion right now

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The implications of Elon Musk’s purchase on bitcoin’s climate narrative, other Fortune 500 treasury management strategies and more.

This episode is sponsored by Nexo.io.

Elon Musk’s Tesla (TSLA) has purchased $1.5 billion in bitcoin as a treasury reserve asset. Additionally, the company will soon be allowing people to pay for Teslas with bitcoin.

In this episode, NLW breaks down:

  • How Elon got to this moment, including his exchanges with MicroStrategy’s (MSTR) Michael Saylor
  • What critics of the Tesla community and the bitcoin community are likely to say
  • How this de-risks bitcoin purchases for other Fortune 500 companies
  • How it relates to Elon’s doge memeing
  • Why this is likely to have a significant impact on bitcoin’s narrative regarding climate change and energy use
  • Why Cathie Wood is laughing all the way to the bank.

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A reading of Ben Hunt’s latest essay for Epsilon Theory.

This episode is sponsored by Nexo.io.

On this edition of Long Reads Sunday, NLW reads Ben Hunt’s latest essay “Hunger Games” about the lies of Wall Street and how the GameStop episode has exposed them for all to see.

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Wyoming’s Cynthia Lummis – the first U.S. senator to publicly hold bitcoin – has been appointed to the key financial regulatory committee.

This episode is sponsored by Nexo.io.

On this edition of The Breakdown’s weekly recap, NLW discusses:

  • The state of WallStreetBets
  • The Bitcoin for Corporations event
  • ETH all-time highs in advance of CME ETH futures
  • Tether
  • Cynthia Lummis on the Senate Banking Committee

This week on The Breakdown:

Monday | Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?

Tuesday | Is This the End of the Reddit Retail Investor Dream?

Wednesday | Michael Saylor’s Mission to Get 1,400 Corporations Into Bitcoin

Thursday | What We Learned About PayPal’s Crypto Strategy This Week

Friday | Travis Kling: In the Fed Era, There’s No Such Thing as Market Fundamentals

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The Ikigai Asset Management investor discusses WallStreetBets, institutional investors and recent bitcoin critiques.

This episode is sponsored by Nexo.io.

On today’s episode, NLW is joined by Travis Kling, co-founder and chief investment officer of Ikigai Asset Management. They discuss:

  • GameStop, WallStreetBets and financial populism
  • Whether regulatory hearings will actually address any issues around retail investors
  • How WallStreetBets relates to bitcoin
  • The rise of institutional investors
  • The end of career risk around bitcoin for investment professionals
  • Why recent bitcoin FUD has been disingenuous
  • How investors can price risk in bitcoin
  • Where DeFi fits for institutional investors

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Insights from PayPal’s first quarterly earnings report since launching crypto services.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Elon Musk back to DOGE trolling
  • Bank of England says to prepare for negative interest rates
  • Janet Yellen on “Good Morning America” discussing retail investors

Our main discussion: What did we learn about PayPal’s crypto strategy from its quarterly earnings report?

In this episode, NLW breaks down:

  • How PayPal’s perspective on crypto evolved
  • What we learned about the success of its offering in Q4 2020
  • What’s next for crypto at PayPal in 2021
  • Why its biggest play is squarely focused on central bank digital currencies

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MicroStrategy is hosting a two-day “Bitcoin for Corporations” event. Here’s what to watch for.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • An update on Ant and Jack Ma
  • Bezos stepping down as CEO of Amazon
  • Miami’s play to become a crypto hub

Our main discussion: MicroStrategy’s “Bitcoin for Corporations” event

Michael Saylor and MicroStrategy opened a new category of bitcoin investment last year when the company moved hundreds of millions of dollars of cash reserves into bitcoin.

For the next two days, the company is hosting a virtual conference designed to help the 1,400 corporate leader attendees discover the playbook that allowed them to make the dramatic move that has paid off so well.

In this episode, NLW examines the current state of institutional investment in crypto and asks what this event says about what might be coming next.

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As GME plummets and traditional financial media turns its attention elsewhere, where does the retail trading insurgency go from here?

This episode is sponsored by Nexo.io.

WallStreetBets is having a rough day. Its stocks are crashing. Champions from as recently as last week are selling out. More brokerage apps are turning off buying.

In this episode, NLW explores what it means for this set of assets and the larger shift in power from institutional to retail investors.

He argues, ultimately, that over the last year retail traders of the type led by WSB have established themselves as too powerful a force for the market to simply turn away from now.

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The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Elon Musk talks bitcoin on Clubhouse
  • India trying to ban crypto?
  • DEXs have best month ever in January

Our main discussion: Has WallStreetBets been infiltrated by hedge funds?

Reddit community WallStreetBets became headline news last week when its short squeeze of GameStop (GME) nearly brought a famed hedge fund to its knees. According to Twitter personalities and the mainstream media, the community has now turned its focus to squeezing silver.

Except, one cursory look at the subreddit shows that isn’t the case. Instead, it is full of posts about how hedge funds and media are trying to promote the silver story to distract and divide the community.

In this episode, NLW tries to break down what’s happening and argues that now that WSB has become a market force, these sort of attempts to influence its conversation are going to become de rigeur.

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A reading of Dalio’s first long-form essay on his thoughts about bitcoin and cryptocurrencies.

This episode is sponsored by Nexo.io.

Today’s “Long Reads Sunday” is a reading of Ray Dalio’s recent LinkedIn post, “What I Really Think of Bitcoin.” In his interpretation, NLW argues the post shows Dalio and Bridgewater are at the beginning of a deep dive into the space.

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The latest in the saga of WallStreetBets vs the world.

This episode is sponsored by Nexo.io.

In this edition of the Breakdown’s weekly recap, NLW looks at:

  • Robinhood’s ham-fisted explanations for why it shut down buying for GME and other stocks
  • Why the root cause seems to have been insolvency
  • How politicians are gearing up for political inquiries around the trading shutdowns
  • How WSB is reacting to the shutdown attempts

This week on The Breakdown:

Monday | The Bitcoin Whales Won’t Stop Buying

Tuesday | ‘The 4 Wars We Could Fight With China,’ Feat. Kyle Bass

Wednesday | Why Bitcoin Has More Ideological Flexibility Than We Think

Thursday | WallStreetBets Is Occupy Wall Street With Teeth

Friday | In Retrospect, It Was Inevitable: Elon Musk Pumps Bitcoin to Space

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The price action is fun, but the larger significance is about decentralized alternatives to today’s financial system.

This episode is sponsored by Nexo.io.

Last night, Tesla and SpaceX founder Elon Musk changed his Twitter profile to a single word: “bitcoin.” He also tweeted a cryptic message: “In Retrospect, It Was Inevitable.”

The price of bitcoin surged in the wake of the tweet, as did Google searches for “bitcoin.” The price increases liquidated some $387 million in short positions.

In this episode, NLW breaks down the market reaction to Musk, the significance of the tweet and why it all connects to the larger story of WallStreetBets, Robinhood and shifting financial power.

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The retail trader insurgency has massive implications for the future of capital markets.

This episode is sponsored by Nexo.io.

This week, a collective of foul-mouthed internet memers took down some of Wall Street’s best-known hedge funds. In today’s episode, NLW looks at:

  • The historical context of how the Great Financial Crisis set the stage for WallStreetBets
  • How WSB gained infamy during the COVID-19 crisis by correctly predicting the market’s rebound while other investors remained bearish
  • Why WSB started going after short-sellers, particularly around GameStop (GME)
  • How WSB forced a short squeeze that required Melvin Capital to call in nearly $3B of emergency capital
  • Why Robinhood forcing users to stop buying GameStop and other related assets will go down as an inflection point in the history of capital markets

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NLW is joined by three philosophy professors for a discussion of bitcoin, ethics and politics.

This episode is sponsored by Nexo.io.

Falling down the proverbial bitcoin rabbit hole tends to lead people to ask deep questions about the nature of the economy and society. Today’s Breakdown guests are all professionally trained to ask those sorts of questions as philosophers.

NLW is joined by:

  • Andrew Bailey, Yale-NUS College @resistancemoney
  • Bradley Rettler, University of Wyoming @rettlerb
  • Craig Warmke, Northern Illinois University @craigwarmke

The three form a research collective called Resistance Money and are working on a book about bitcoin’s use helping individuals overcome infringement by states and other institutions.

On this episode they discuss bitcoin’s ideological flexibility and situate it in the context of the larger political landscape.

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One of investing’s loudest critics of China shares his assessment of where the U.S. political and business relationship with the country is headed.

This episode is sponsored by Nexo.io.

In this episode, NLW speaks with Kyle Bass. Kyle is the founder and chief investment officer of Hayman Capital Management, a hedge fund focused on global events. He is known for correctly predicting the subprime mortgage crisis, as well as for his outspoken and critical views on China.

In this episode, he and NLW discuss:

  • Contrarian investing
  • The larger macro landscape
  • Bitcoin and crypto
  • How the U.S.’ relationship with China changed under former President Donald Trump
  • How the relationship is likely to evolve under current President Joe Biden

Find our guest online: @Jkylebass

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According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate.

This episode is sponsored by Nexo.io.

Today’s grab-bag episode looks at five different topics:

  • Bitcoin whales kept accumulating during last week’s dip
  • Jim Cramer advises Powerball winner to put 5% in bitcoin
  • Previewing the first FOMC meeting of the Biden Administration
  • Earnings week on Wall Street looks good for Big Tech
  • An insider’s look at the state of crypto venture capital

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The document that started it all, in audio form.

This episode is sponsored by Nexo.io.

For this week’s Long Reads Sunday, NLW reads the document that started it all - the Bitcoin White Paper. Interestingly, this document was released under an MIT open-source license, available free to all.

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Reports are that Chris Brummer – author of a volume on crypto assets and frequent speaker on digital currencies – will chair the CFTC.

This episode is sponsored by Nexo.io.

On this edition of the Weekly Recap, NLW argues that while bitcoin’s price was the short-term story of the week, the medium-term story was all about the transition of power in the U.S. to the new Biden Administration. In it, he discusses what the appointments (reported or confirmed) of Janet Yellen, Gary Gensler, Michael Barr and Chris Brummer suggest about the future of crypto policy.

This week on The Breakdown:

Monday | Lyn Alden on Why the Dollar System No Longer Serves the US or the World

Tuesday | Goldman Sachs Can No Longer Dismiss Bitcoin

Wednesday | Is Janet Yellen Bitcoin’s Biggest Enemy or Greatest Asset? Yes

Thursday | Why the World’s Largest Asset Manager Is Getting Into Bitcoin

Friday | This Bitcoin Dip Was Not Caused by FUD

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While there was plenty of FUD flying around, it wasn’t the real reason prices pulled back so significantly.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Home sales up, home supply down
  • Biden’s first test on the stimulus
  • Euro pessimism

Our main discussion: Why the bitcoin dip wasn’t caused by FUD.

Anyone paying attention this week had reasons for frenetic worry. Janet Yellen’s comments on criminal activity. Persistent questions around Tether. A non-story about a double-spend that got amplified by mainstream media.

In this episode, NLW argues that none of these actually explains the dip. Instead, he argues, they were used by sophisticated traders to amplify the dip’s impact.

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As BlackRock gets ready to make its first foray into bitcoin, innovation-focused ARK ETF flows surpass that of BlackRock.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • A new SPAC exchange-traded fund with bitcoin-experienced leadership
  • First look at Brian Brooks’ possible replacement at OCC
  • What to expect from institutional bitcoin price targets in the coming weeks

Our main discussion: BlackRock comes to bitcoin.

BlackRock filings with the SEC suggest two funds might buy bitcoin futures. In this episode, NLW looks at:

  • The signs leading up to BlackRock’s interest
  • Why BlackRock’s CIO thinks bitcoin will out-compete gold for millennial investors
  • How ARK ETFs are seeing startling fund flows, causing larger market FOMO around innovation

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As a new administration is sworn in, how will one if its most important officials – nominated Treasury Secretary Janet Yellen – impact the digital assets space?

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Jack Ma is not dead
  • The latest in crypto M&A
  • Deutsche Bank survey sites bitcoin as biggest bubble

Our main discussion: Yellen’s impact on bitcoin and digital assets

In this episode, NLW breaks down the cryptocurrency FUD competing to be the “wall of worry” for the new 2021 bull market, including Tether FUD, environmental FUD and the idea that crypto is only used for crime.

The illicit transactions idea was given new oxygen when Janet Yellen repeated it in her Senate confirmation hearing this week. New research from Chainalysis shows, however, that the percentage of crypto volume involved in crime is decreasing.

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According to a Goldman insider, the investment bank will leap into crypto custody soon.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Gary Gensler is officially Biden’s pick for SEC chairman
  • Investors are betting against the U.S. dollar
  • Grayscale has best day ever with $700 million in investment
  • Ethereum reaches new all-time high

Our main discussion: Goldman Sachs reportedly coming to crypto.

Over the last year, many traditional financial institutions have recanted previous skepticism to join the bitcoin space. For most of that time, Goldman Sachs has been a noticeable holdout, saying as recently as last May that bitcoin and cryptocurrency weren’t an asset class.

According to new reports from a Goldman insider, all that is finally changing as the bank prepares a crypto custody strategy. The change in attitude is inspired at least in part by the recent rulings from the Office of the Comptroller of the Currency.

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This is an encore presentation of NLW’s first interview with macro analyst Lyn Alden, from May 2020. In it, they discuss:

  • Why we’re at the end of a strong dollar cycle
  • Why the Federal Reserve is terrified of the global dollar shortage
  • The difference in creditor vs. debtor nations
  • The concept of the Triffin dilemma
  • Why Japan has been able to print money without seeing rampant inflation
  • Why we have inflationary and deflationary forces competing to influence the U.S. economy
  • Why debt is going to matter more than ever
  • What alternatives to the USD system might look like

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A reading of the “Stone Ridge 2020 Shareholder Letter” by Ross Stevens.

This episode is sponsored by Nexo.io.

This week’s Long Reads Sunday is a reading of the “Stone Ridge 2020 Shareholder Letter” by Ross Stevens, CEO and co-founder of Stone Ridge Asset Management, discussing the history of America, sound money and Stevens’ bitcoin “aha” moment.

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The second full business week of January has demonstrated many trends that NLW argues will shape bitcoin and crypto throughout the year.

This episode is sponsored by Nexo.io.

On “The Breakdown’s” Weekly Recap, NLW argues that this week is exemplary of a set of trends that will define 2021, including:

  • Market volatility
  • Macro tailwinds
  • Convergence of crypto and traditional finance
  • Regulatory battles and opportunities
  • Strange categories of FUD

This week on The Breakdown:

Monday | Did This Bitcoin Cycle’s FUD Phase Just Begin?

Tuesday | Is China Poised to Nationalize Alibaba?

Wednesday | A New SEC Chair Who Actually Understands Bitcoin and Crypto?

Thursday | The Definitive Breakdown of All Bitcoin FUD, With Dan Held

Friday | Will Mayor Suarez’s Miami Be the First Major City to Buy Bitcoin?

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The entrepreneurial mayor brings his recruitment of tech talent to the crypto space with the potential of a 1% investment of the city’s reserves into BTC.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Initial jobless claims grow the most since March
  • Biden unveils emergency relief plan
  • Fed Chair Powell discusses CBDCs and stablecoins

Our main discussion: Is Miami about to put 1% of its treasury into bitcoin?

Since December 2020 there has been a lot of conversation about whether Miami could become the next Silicon Valley, or at least recruit a big swath of entrepreneurial talent to set up shop.

In this episode, NLW looks at how that discussion moved into the crypto realm and led to Mayor Suarez’s recent discussions about moving Miami’s treasury into bitcoin. He argues that the story is about the larger shifts in how cities and geographic regions compete for supremacy in the social media, remote work era.

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From “backed by nothing” to “China mining control,” a complete look at the best response to every category of bitcoin FUD out there.

This episode is sponsored by Nexo.io.

On today’s episode of The Breakdown, NLW is joined by Dan Held, growth lead at Kraken and a serial bitcoin entrepreneur.

As the market heats up, so, too, does the number of articles and tweets spreading FUD (fear, uncertainty and doubt). Some of the FUD is new, much of it is old and all of it deserves a response.

Dan and NLW break down 15 categories of FUD, including:

  • Bitcoin is for criminals
  • Bitcoin is backed by nothing/has no intrinsic value
  • Tether manipulation
  • Energy consumption
  • Government bans
  • And more!

Which are the most legitimate? Which are easily dismissed? Tune in to find out.

Find our guest online:

Twitter: @danheld

Website: danheld.com

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After his most recent stint teaching about blockchain at MIT, former CFTC head Gary Gensler is reportedly the next SEC Chair.

This episode is sponsored by Nexo.io.

Today on the Brief:

  • Visa drops $5.3B Plaid acquisition after DOJ antitrust suit
  • ECB President Christine Lagarde discusses bitcoin and digital euro
  • Acting OCC chief Brian Brooks to step down this week

Our main discussion: Gary Gensler rumored to be the new SEC Chair. In this episode, NLW discusses:

  • Gensler’s background at Goldman, CFTC and MIT
  • Gensler’s MIT course
  • Previous statements on Bitcoin, Ethereum, and Ripple
  • The crypto communities reaction to Gensler at the SEC

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The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts.

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the Brief:

  • Whales accumulated during yesterday’s crash
  • Kentucky legislators introduce bill to attract crypto miners
  • UBS lowers the threshold for charging savers because of negative interest rates

Our main discussion: What China’s prospective nationalization of Alibaba has to do with the nation’s digital currency efforts.

In this episode, NLW:

  • Gives a background on China’s digital currency project
  • Discusses why the DCEP is motivated by a larger attempt to internationalize the RMB
  • Background on Alipay, Ant Financial and Alibaba
  • How Alibaba founder Jack Ma annoyed the CCP and why he hasn’t been seen publicly in two months

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As the price crashes more than 20% in 24 hours, NLW describes the “wall of worry” around regulation that might characterize this cycle’s FUD.

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the brief:

  • Trump ejected from social media
  • Bakkt confirms plans to go public via SPAC
  • NYDIG buys Digital Assets Data

Our main discussion: Are we at the beginning of a new FUD cycle?

In this episode, NLW looks at:

  • What happened with bitcoin’s big price crash
  • How the crypto community is reacting to the dip
  • New regulatory FUD out of the U.K.
  • Why regulatory issues are likely to be this bull market’s “wall of worry”

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A reading of two recent essays by former bitcoin skeptics who have changed their tunes.

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

On this week’s Long Reads Sunday, NLW reads two pieces from former bitcoin skeptics who have changed their mind about the asset.

“Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay” by Ed van der Walt

“Why I’ve Changed My Mind on Bitcoin” by Nick Maggiulli, COO of Ritholtz Wealth Management

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Transformative regulatory guidance, important macro tailwinds and, of course, a stunning run-up past $40,000.

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

On this edition of The Breakdown’s weekly recap, NLW looks at what was one of the most spectacular and surprising weeks in bitcoin and crypto history. Specifically, he discusses:

  • Price action
  • Macro tailwinds
  • Regulatory shifts in surprise guidance from the OCC
  • Retail investor momentum building

This week on The Breakdown:

Monday | Understanding Bitcoin’s Blistering Rise Past $30,000

Tuesday | Most Important Crypto Regulation Yet? Banks Can Treat Public Blockchains Like SWIFT and ACH

Wednesday | What Georgia’s Elections Mean for Bitcoin

Thursday | Can Bitcoin Just Keep Going Up?

Friday | BRRR: Biden Readies a New $3T Stimulus Package

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A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co.

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What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole.

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the Brief:

  • U.S. loses 140,000 jobs in December
  • Chamath’s SoFi SPAC
  • A SPAC for Bakkt

Our main discussion: upcoming stimulus plans

As the dust (finally? sort of?) settles on elections that began last year, the Democrats are looking to jump right out of the gate with a new set of stimulus plans, including both payments to individuals as well as big infrastructure spending.

In this episode, NLW discusses the specifics we know so far, the potential challenges to get these plans passed and what the implications for bitcoin might be.

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A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co.

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With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Can it keep going or is a reset necessary?

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the Brief:

  • U.S. President Trump signs order banning Chinese apps
  • Initial jobless claims hold steady at 787,000
  • Elon Musk becomes the world’s richest person

Our main discussion: Can bitcoin just keep going up?

In this episode, NLW breaks down:

  • What’s driving the rally, including the growth of institutional buyers, burgeoning retail FOMO, Asian markets and more
  • Why some indicators are pointing towards a trader move into altcoins
  • Why, despite the rapid growth, bitcoin remains undervalued

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A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co.

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As the Democrats appear to be headed to victory, how does their new U.S. Senate majority impact markets as a whole and bitcoin more specifically?

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the Brief:

  • ShapeShift goes full DEX
  • Neil Young and the changing business of music
  • China stocks delisted from NYSE

Our main discussion: What are the implications of Georgia’s runoff elections for bitcoin and markets as a whole?

In this episode, NLW discusses:

  • The immediate response of Crypto Twitter to the victory for Dems
  • Why Kelly Loeffler was a disappointing industry rep in the Senate
  • Which stocks are going up on the news and why
  • Why a Democrat Senate majority is driving up inflation expectations
  • Why discussions of UBI and digital dollars and more in play than ever
  • Why bitcoin stands to be supercharged by the coming macro environment

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A new interpretive letter from the Office of the Comptroller of the Currency paves the way for stablecoins and public blockchains to be fully integrated in the financial infrastructure.

This episode is sponsored by Nexo.io.

Yesterday, the Office of the Comptroller of the Currency released Interpretive Letter 1174. The letter allows banks to participate as nodes in “independent node verification networks” (which you might better know as blockchain networks) as well as use stablecoins for payments settlement.

In this episode of The Breakdown, NLW looks at:

  • Crypto Twitter’s response to the news
  • A review of key passages from the letter
  • The response of critics
  • The implications for CBDCs and the geopolitical battle between the U.S. dollar and China’s emerging digital currency

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Bitcoin has started 2021 off with a bang. Here’s what investors and analysts think is driving the rise (and today’s dip) as well as predictions for what happens next.

This episode is sponsored by Nexo.io.

The end of December was a momentous time in bitcoin’s history. Not content to clear the psychological barrier of $20,000, bitcoin’s price smashed up almost all the way to $30,000, although it would take the turn to the new year to hit that new high-water mark.

In this episode, NLW looks at interpretations of why bitcoin is rising, why it dipped today and what analysts and investors think will happen next. This analysis includes:

  • Evidence of institutional FOMO including a rise in bitcoin whale addresses
  • Massive outflows from Coinbase Pro over the weekend
  • The impact of derivatives liquidations that occurred Monday morning
  • Commentary from OTC desks on Q1 2021 possibilities

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The macro analyst looks at unexpected sources of strength in the economy.

This episode is sponsored by Nexo.io.

Tony Greer is a macro analyst and author of the Morning Navigator Newsletter. In this conversation, he and NLW discuss how central banks continued to kick the can down the road on debt as well as unexpected sources of strength for the economy heading into 2021.

Find our guest online: @TgMacro

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The prominent gold and bitcoin macro commenter discusses a new generation of institutional investors.

This episode is sponsored by Nexo.io.

Dan Tapiero is an investor and entrepreneur with deep experience in gold and bitcoin. In this conversation with NLW he discusses the new group of institutional investors coming into the space and why, for them, bitcoin represents much more than just a hedge against possible future inflation.

Find our guest online: @DTAPCAP

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The podcaster and CEO of Onramp Invest discusses DeFi, income inequality and the opportunity for bitcoin in 2021.

This episode is sponsored by Nexo.io.

The wealth adviser and CEO of Onramp Invest discusses why the Federal Reserve continues to ignore its role in income inequality and what the bitcoin community can do to be a force for positive change.

Find our guest online: @TR401

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A look at privacy and infrastructure advances that will shape the bitcoin ecosystem in the years to come.

This episode is sponsored by Crypto.com and Nexo.io.

Alyse Killeen is the founder and managing partner of StillMark, and has been investing in bitcoin companies since 2013. While much of the conversation this year has been about high level narratives and new institutional investors, Alyse breaks down the technical advances that happened this year.

Find our guest online: @AlyseKilleen

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The Santiago Capital investor takes a look at what 2020 taught us about his notable economic theory.

This episode is sponsored by Crypto.com and Nexo.io.

Brent Johnson is an investor at Santiago Capital and the creator of the well-known “Dollar Milkshake Theory.” In this conversation with NLW, he discusses what 2020 taught us about the state of the dollar around the world.

Find our guest online: @santiagoaufund

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The popular economist talks about the K-shaped recovery and why we could be in for more pain in 2021.

This episode is sponsored by Crypto.com and Nexo.io.

Daniel Lacalle is the chief economist for Tressis SV and a well-known economics personality. In this conversation with NLW he discusses the devastation of small businesses in America and around the world and why the recovery could be less even than people think in the year ahead.

Find our guest online: @dlacalle_IA

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A macro and bond specialist joins NLW to discuss the economics of 2021.

This episode is sponsored by Crypto.com and Nexo.io.

George Goncalves has been a macro analyst specializing in bonds for more than 20 years. In this conversation, he and NLW discuss the story bonds are telling the market and why central bank digital currencies are likely to have an important part of the macro conversation in 2021.

Find our guest online: @bondstrategist

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One of the most popular economics and bitcoin YouTube host joins NLW for a conversation about how to make 2021 better.

This episode is sponsored by Crypto.com and Nexo.io.

Mark Moss is the host of a fast-growing and popular YouTube channel covering economics, bitcoin and more. In this conversation, he discusses why gold, bitcoin and sound money have become even more important in the context of central bank printing gone wild.

Find our guest online: @1MarkMoss

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The founder of mobile crypto bank Abra discusses the massive expansion of global central bank balance sheets.

This episode is sponsored by Crypto.com and Nexo.io.

Bill Baryhdt is the CEO of Abra, a mobile crypto banking app. In this discussion with NLW, Bill talks about the year in bitcoin and why the mass expansion of central bank balance sheets was the most important economic story of the year.

Find our guest online: @billbarhydt

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The director of research at Fidelity Digital Assets gives her take on the crypto space.

This episode is sponsored by Crypto.com and Nexo.io.

Ria Bhutoria is the director of research at Fidelity Digital Assets. In this conversation she gives listeners a look at how one of the most important institutional players in the space has viewed the evolution of bitcoin over the past year.

Find our guest online: @riabhutoria

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One of crypto twitter's best-known personalities discusses DeFi, bitcoin and how 2020 was and wasn't like 2017.

This episode is sponsored by Crypto.com and Nexo.io.

Bully Esquire is a Crypto Twitter personality, lawyer, founder of AlphaMarkets and host of the “Bully Esquire” podcast. In this conversation, he and NLW discuss what was good and bad about the DeFi boom of 2020 and more.

Find our guest online: @bullyesq

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No one would have expected an economic crisis to bring a new generation of investors to the table, but that's exactly what it did.

This episode is sponsored by Crypto.com and Nexo.io.

Jill Carlson is an investor with Slow Ventures and the co-founder of the Open Money Initiative. In this wide-ranging discussion with NLW she discusses how an economic crisis brought in a new generation of investors and why political moderation will be all the rage in 2021.

Find our guest online: @jillruthcarlson

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Two of bitcoin's most vocal advocates discuss why this year broke open the floodgates on an aging economic system.

This episode is sponsored by Crypto.com and Nexo.io.

Max Keiser and Stacy Herbert are one of bitcoin's most dynamic duos, producing a variety of content, including the Orange Pill podcast. In this discussion with NLW, they talk about why this year was transformational in terms of how people view the aging economic system, and why 2021 is poised to mint even more new bitcoiners.

Find our guests online:

@maxkeiser

@stacyherbert

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The founder of Real Vision joins NLW for a discussion of CBDCs, bitcoin and why he remains "irresponsibly long."

This episode is sponsored by Crypto.com and Nexo.io.

Raoul Pal is the founder and CEO of Global Macro Investor and Real Vision and one of the leading voices in modern macroeconomic discussions. In this conversation, he and NLW discuss bitcoin's monster 2020, how DeFi compares to ICOs, and why we should be paying more attention to central bank digital currencies.

Find our guest online: @RaoulGMI

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A reading of Jeffrey Snider’s latest essay and Caitlin Long’s companion tweet thread.

This episode is sponsored by Crypto.com and Nexo.io.

On this week’s Long Reads Sunday, NLW starts with the latest essay by Jeffrey Snider, “A Nonsensical Jumble of Misused Words Requires Discussion” and then with Caitlin Long’s followup thread, putting the discussion of rehypothecation in the bitcoin context.

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An encore presentation of NLW’s conversation with Preston Pysh recorded on March 12 – the infamous Black Thursday.

This episode is sponsored by Crypto.com and Nexo.io.

On March 12, as the U.S. government struggled to wrap its head around the emerging COVID-19 pandemic and markets floundered, bitcoin had one of its worst days in history, crashing by thousands of dollars and even hitting below $4,000 on some exchanges.

That evening, NLW and podcaster Preston Pysh recorded a conversation about bitcoin, central banks and what happens when currencies fail. Nine months later, the conversation is as salient as ever.

Find our guest online: @PrestonPysh

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One of the internet’s most fluid thinkers joins to give a brief history of the future.

This episode is sponsored by Crypto.com and Nexo.io.

Balaji Srinivasan is an angel investor and entrepreneur, the former CTO of Coinbase, a former General Partner at Andressen Horowitz and more.

In this wide-ranging conversation with NLW, he discusses:

  • How networks are taking a power role once reserved for god and the state
  • Why pre-internet institutions will not survive the internet
  • Why bitcoin at $1 million is a global government
  • Woke capital vs. communist capital vs. crypto capital

Find our guest online: @balajis

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A recap of 5+ insanely bullish stories that got buried in the bitcoin price action.

This episode is sponsored by Crypto.com and Nexo.io.

With so much focus on bitcoin’s record-setting price run, a number of huge (and hugely bullish) stories have gotten comparatively short shrift. In this episode, NLW looks at:

  • Ruffer LLP’s $744 million bitcoin buy
  • Hedge Funder Alan Howard and One River’s $1 billion digital assets bet
  • Northern Trust getting into crypto custody
  • Guggenheim Partners’ CIO calling for $400,000 BTC
  • CoinDesk sister company Grayscale as the fastest-growing asset manager in history?

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Validation. Psychology. FOMO. NLW looks at why today’s price achievement marks a turning point in bitcoin’s history.

This episode is sponsored by Crypto.com and Nexo.io.

After weeks of flirting with all-time highs, bitcoin has broken through the most significant psychological barrier: $20,000.

In today’s episode of The Breakdown, NLW looks at why the moment is so significant, arguing:

  • Bitcoin is an incentive design system where price drives more benefits than financial gain
  • The validation of retail traders and more recent institutional investors creates an even stronger group of evangelists
  • The psychological price barrier is likely to increase FOMO among those on the sidelines

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As traditional financial institutions line up to get into bitcoin, a debate on whether it can stay permissionless and censorship resistant.

This episode is sponsored by Crypto.com and Nexo.io.

Ben Hunt is the founder of Second Foundation Partners and lead author of Epsilon Theory. Alex Gladstein is the chief strategy officer at the Human Rights Foundation.

In this conversation, they discuss one of the most important burgeoning topics of the year: In a world where bitcoin goes mainstream with traditional financial institutions, can it keep its more renegade spirit? More important, can it keep its more renegade features such as permissionless access and censorship resistance?

Ben and Alex join for a good faith, spirited discussion of whether the bitcoin we know today will be preserved or whether it is doomed to be co-opted by the financial powers that be.

Find our guests on social:

Ben: @EpsilonTheory

Alex: @Gladstein

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MassMutual’s $100M BTC investment has the potential to open a massive new investment category, according to analysts.

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • First COVID-19 vaccines roll out in the U.S.
  • Are IPOs the new ICOs?
  • U.S. Treasury and other federal departments hacked

Our main discussion: A massive new category of bitcoin demand?

Last week, when MassMutual announced its $100 million buy, NLW explored whether it would be the beginning of a trend for other insurance companies. A recent note from JPMorgan analysts suggests that even a 1% allocation by that category of company in major markets in the U.S., Europe and Japan could represent $600 billion of new demand.

NLW also discusses recent comments from long-term institutional bitcoin and crypto bulls including Chamath Palihapitiya and Abigail Johnson.

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As conventional wisdom grows that central banks can go more deeply into debt than previously thought, one economist asks, how much is too much?

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

This week’s edition of Long Reads Sunday is a reading of “How Much Debt Is Too Much?” by Raghuram Rajan on Project Syndicate.

In it, the author explores the shifting conventional wisdom on national debt and worries that countries may reach their limit far earlier than they think.

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Banks are moving into crypto and crypto companies are trying to become banks, so how does it all play out?

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

On this edition of the weekly recap, NLW looks at the brewing battle to be the bitcoin and crypto bank of the future. He looks at three stories reporting banks getting into crypto (BBVA, Standard Chartered and DBS) as well as crypto companies applying to become banks. Finally, he examines why this is happening right now, and what are the true stakes of the game.

This week on The Breakdown:

Monday | China’s Latest Digital Currency Trial Is Its Most Important Yet

Tuesday | A De Facto Bitcoin ETF? MicroStrategy Is Raising $400M to Buy More BTC

Wednesday | The Most Important Trends and People Shaping Crypto 2020, With Ryan Selkis

Thursday | SEC Commissioner Hester Peirce on a Bitcoin ETF, Custody Rules and What’s Next for the SEC

Friday | Why a Massive 169-Year-Old Insurance Company Just Bought $100M in Bitcoin

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MassMutual becomes the latest announced institutional buyer of bitcoin, and this one could be even more significant in terms of precedent.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Today on the Brief:

  • FDA panel recommends Pfizer vaccine approval as initial jobless claims soar
  • Antitrust lawsuit calls for Facebook breakup
  • Crypto-friendly CFTC chairman to resign at the beginning of the year

Our main discussion: Why MassMutual bought $100 million in bitcoin and why it matters.

In this episode, NLW looks at recent news that MassMutual had purchased $100 million in bitcoin for its general account, as well as made a $5 million minority investment in $2.3 billion asset manager NYDIG, which helped facilitate the bitcoin purchase. He discusses why insurance company purchases are different than other institutional buyers like MicroStrategy, and why this might be the beginning of a more significant industry trend.

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The SEC commissioner explains why the SEC’s approach has been “too slow and too ambiguous” and why she’s optimistic for 2021.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Hester Peirce is a commissioner at the Securities Exchange Commission, sworn in for her second term in August.

Sometimes referred to as “Crypto Mom,” Peirce has been a fierce advocate for the industry in a regulatory context that hasn’t always been on her side.

In this conversation, she and NLW discuss:

  • Why the SEC’s approach on crypto has been too slow and too ambiguous
  • Why it matters that FinHub is becoming a standalone office
  • The prospect for a regulatory “safe harbor” for crypto
  • What the SEC thinks of the OCC’s crypto custody guidance
  • The prospect for a bitcoin exchange-traded fund

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The Messari CEO goes over the highlights of his just-released annual “Crypto Theses” report.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

What were the most important trends? Who were the most important people? Was it the year of Bitcoin Macro, the year of DeFi or both?

Ryan Selkis is the founder and CEO of Messari. Each year he puts together a massive “Crypto Theses” report that looks at the year that was and the year to come.

On this episode, he and NLW discuss the highlights of Selkis’ 2020 report, including:

  • The top 10 people in crypto 2020
  • The bifurcation of bitcoin and ethereum
  • How DeFi was and wasn’t like ICOs in 2017
  • Why regulatory battles loom

Find our guest online:

Twitter: @twobitidiot

Website: messari.io

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Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Today on the Brief:

  • BBVA set to offer crypto trading and custody
  • Wells Fargo discusses bitcoin in recent investor memo
  • Square launches Bitcoin Clean Energy Initiative with $10 million

Our main discussion: Michael Saylor is back at it.

The CEO of MicroStrategy and Giga Chad himself announced MicroStrategy would be offering $400 million in convertible bonds with the intent to purchase more bitcoin.

On this episode, NLW looks at the community’s reaction, including the comparison of MSTR stock to a BTC exchange-traded fund. He also discusses Saylor’s recent comments about censorship resistance as a reminder of the (potentially) divergent values of bitcoin retail HODLers and institutional investors.

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More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Today on the Brief:

  • COVID-19 vs. Stimulus
  • Small hedge funds outperform large brethren
  • Equities now worth 115% of global GDP

Our main discussion: Why the newest trial of China’s central bank digital currency is its most important trial yet.

In this episode, NLW discusses:

  • The significance of the “Double 12” shopping festival
  • How the participant merchants have changed
  • Comparison of the size of the lottery
  • Changes in public interest
  • Why it matters to the crypto industry

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The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

On today’s Long Reads Sunday, NLW reads Niall Ferguson’s latest Op-Ed for Bloomberg: “Bitcoin Is Winning the COVID-19 Monetary Revolution”

In it, Ferguson argues that bitcoin’s sovereignty and “built-in scarcity in a virtual world characterized by boundless abundance” are driving its adoption.

He also argues that rather than adopt a China-style central bank digital currency, incoming President Joe Biden should look to integrate bitcoin into the U.S. economic system.

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A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is:

  • Being driven by institutional investors
  • Shifting the center of the industry from East Asia to North America
  • Winning converts from major research houses and institutions
  • Driving the price of bitcoin to new all-time highs

This week on The Breakdown:

Monday | Bitcoin Hits a New All-Time High: What Happens Next?

Tuesday | Why a $631B Asset Manager Just Changed Its Mind on Bitcoin

Wednesday | Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime

Thursday | Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars

Friday | A ‘Santa Claus Rally’ for the Stock Market?

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Since 1969, 34 out of 45 years have seen a late December rally. Here are 5 reasons why that might not happen this year.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

Today on the Brief:

  • Payrolls report underperforms expectations
  • Spotify looking for crypto director
  • Lame-duck crypto legislation on the way?

Our main discussion: Will we see a “Santa Claus rally” this year?

This kind of rally refers to the fact that in about two-thirds of years since 1969, late December has seen a stock market rally, averaging a 1.4% gain.

This year, vaccine optimism combined with new stimulus seems poised to once again jingle Wall Street’s bells. A piece in Bloomberg, however, provides five charts and reasons why this market rally is already overbought and overblown, so this year might be more coal than eggnog.

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The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

On Wednesday, three U.S. congressional Democrats announced the STABLE Act, an 18-page bill that would require, among other things, stablecoin issuers to acquire banking charters, get approval from the Federal Reserve and hold FDIC insurance.

The bill’s authors claim stablecoins represent a continuation of the shadow banking system that preys on poor communities. The crypto industry argues this overly burdensome would not only stifle innovation but ensure the only players in this new space are the deep-pocketed fintechs with the resources for compliance.

In today’s episode, NLW argues this is more than just another bill that will go nowhere in Congress, it’s the opening salvo of a new set of arguments that will define the next face of regulatory battles for the entire crypto industry.

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One of finance’s most colorful personalities joins NLW to discuss how advisers spend their money, Robinhood traders, bitcoin and more.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

Josh Brown is the CEO of Ritholtz Wealth Management. He is also the host of “The Halftime Report” on CNBC, author of the “Reformed Broker” blog and host of “The Compound Show” podcast.

Most recently, he is the author of “How I Invest My Money: Finance Experts Reveal How They Save, Spend, and Invest.”

In this fun and freewheeling conversation, Josh and NLW discuss:

  • Why financial advisers give a lot of advice but don’t actually share their personal strategies
  • What’s driving bitcoin’s “respectability rally” (Read more here)
  • Why we should be excited about, rather than worried for, the new generation of Robinhood traders
  • Why the Dow Jones Industrial Average is going to 100,000 in our lifetime

Find our guest online:

Twitter: @reformedbroker

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In a research note intended for clients, investing giant AllianceBernstein says it changed its mind on bitcoin’s role in asset allocation.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

Today on the Brief:

  • Libra is now “Diem”
  • Christine Lagarde comes down on private stablecoins
  • Dow closes its best month in 33 years

Our main discussion: AllianceBernstein changes its mind.

Yesterday, CoinDesk received access to a private client research report from AllianceBernstein, a global investment giant with more than $631 billion in assets.

In this episode of the Breakdown, NLW reads excerpts from the memo and discusses:

  • Why, in discussing supply, it conflates bitcoin and other cryptos but still finds limited supply “for all practical purposes”
  • Why prevailing macro political conditions – particularly the growth of government’s role in business and individual lives – shifted the investment firm’s calculus
  • Why its greatest long-term concern is government banning something that is actively hindering the application of monetary policy

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Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

On this historic day, NLW looks at bitcoin’s punch through its previous December 2017 all time high. Specifically, he looks at:

  • How different people benchmark the all time high
  • What drove the latest price action, including the prospect of a new investment from institutional asset management giant Guggenheim
  • Why historian Niall Ferguson is arguing that bitcoin has won the Covid-19 monetary revolution
  • Why macro giants including Raoul Pal, George Gammon and Ben Hunt got into disagreements with Bitcoin Twitter about how co-opted by the state and Wall Street bitcoin was likely to become

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Another look at the bitcoin valuation models that could possibly lead to a six-figure bitcoin valuation over the course of the next year.

This episode is sponsored by Crypto.com and Nexo.io.

On this edition of The Breakdown’s Long Reads Sunday, NLW reads a recent piece by Hong Fang, CEO of OKCoin.

In it, Fang provides a set of valuation models and scenarios that plausibly lead to bitcoin achieving a significant $100,000 value over the course of 2021.

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NLW looks at price action in crypto, the ETH 2.0 Beacon chain launching Dec 1, the Dow at 30,000 and Janet Yellen’s nomination as Treasury secretary.

This episode is sponsored by Crypto.com and Nexo.io.

On this edition of The Breakdown weekly recap, NLW looks at what was an absolutely action-packed holiday week, discussing:

  • Bitcoin’s price action
  • The Dow’s 30,000 psychological milestone
  • Eth 2.0 cleared for Beacon chain launch
  • The implications of Janet Yellen’s nomination for Treasury secretary

This week on The Breakdown:

  • Monday | A Bitcoin Shortage? PayPal and Cash App Buying More Than 100% of New Supply
  • Tuesday | Lyn Alden on Money Printing, Bitcoin and the End of an 80-Year Debt Cycle
  • Wednesday | The Most Bullish Bitcoin Arguments for Your Thanksgiving Table
  • Thursday | Schmuck Insurance
  • Friday | ENCORE: Luke Gromen on the History and (Declining) Future of the Global Dollar System

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As some start to wonder about a post-Bretton Woods economic system, macro analyst Luke Gromen explains how that post-World War II system came to be.

This episode is sponsored by Crypto.com and Nexo.io.

One of the most significant macroeconomic questions facing the world is what the future of the global reserve system, dominated for the last 80 years by the U.S. dollar, holds.

Today’s episode is a replay of NLW’s epic conversation with macro analyst Luke Gromen from April 2020. In it, Luke discusses the entire history of that U.S. dollar system, including:

  • Bretton Woods and why the world went on a USD-based system rather than John Maynard Keynes’ idea for a non-sovereign “bancor” world reserve currency
  • The move to the petrodollar in the 1970s
  • The financialization of commodities that started in the 1980s
  • The monetary policy vacuum after the Cold War ended
  • How a shift in executive compensation rules led to many of today’s problems with Wall Street
  • The export of Treasury bills as a business model
  • The economic fallout of 2008 globally and domestically
  • The end of Treasury bill buying in 2014
  • Why the Federal Reserve is the only sugar daddy left

Find our guest online:

Website: fftt-llc.com

Twitter: @LukeGromen

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A reading of one of the most enduring early investor arguments for bitcoin.

This episode is sponsored by Crypto.com and Nexo.io.

When NLW asked Crypto Twitter for recommendations of the best way to convince friends and family about bitcoin and crypto, one of the ideas was to review old articles that have stood the test of time.

With that in mind, NLW today reads Chamath Palihapitiya’s May 2013 piece for Bloomberg, “Why I Invested In Bitcoin.”

Even among prescient early pieces, this one is particularly salient.

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This year, come prepared to explain the asset that has everyone from famous financiers to political dissidents talking about a money revolution.

This episode is sponsored by Crypto.com and Nexo.io.

Today’s Breakdown is a prep kit for the inevitable conversations about bitcoin as friends and family sit down at the Thanksgiving table this year.

NLW discusses arguments ranging from price action to who is buying to why they’re buying to good old-fashioned supply and demand. He leaves with one big conclusion:

If there was ever a year to discuss bitcoin, this is it.

And don’t forget to check out casebitcoin.com.

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One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years.

This episode is sponsored by Crypto.com and Nexo.io.

Today’s guest is Lyn Alden. Lyn is the founder of Lyn Alden Investment Strategy and one of today’s best-known and most-respected macro analysts. In this conversation, she and NLW discuss:

  • Anti-deflation vs. inflation
  • Why money printing is nonpartisan
  • Why we’re headed for deeper MMT experiments
  • How she increased her conviction around Bitcoin (her journey in memes)
  • Why the beginnings of a new, post-Bretton Woods era are starting to show

Find our guest online:

Twitter: @LynAldenContact

Website: lynalden.com

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When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • AstraZeneca and University of Oxford release third positive COVID-19 vaccine trial data
  • Trump administration ratchets up pressure on China
  • Another DCEP lottery trial coming

Our main discussion: a narrative shift, growing attention and a bitcoin shortage.

What happens when demand exceeds supply and supply is being gobbled up aggressively by new market actors? That’s the question posed by Pantera’s recent investor letter and today’s Breakdown episode.

NLW also looks at

  • The reappearance of bitcoin in mainstream media, like today’s Wall Street Journal
  • The rise of celebrities coming out as HODLers
  • BlackRock’s CIO suggests bitcoin could replace gold for many

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Jay Clayton is stepping down as chairman of the Securities Exchange Commission. Here’s what that means for crypto and traditional markets.

This episode is sponsored by Crypto.com and Nexo.io.

On this week’s Long Reads Sunday, NLW reads Joe Nocera’s recent Op-Ed “Clayton’s Exit at SEC Opens Door to Protect Investors” from Bloomberg.

NLW expands upon the piece, discussing Clayton’s legacy in crypto and how a Biden economic team might impact the space.

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Recapping a wild week in bitcoin price action that has drawn out numerous previously-quiet HODLers.

This episode is sponsored by Crypto.com and Nexo.io.

On this edition of The Breakdown weekly recap, NLW discusses:

  • Traditional markets: The tension between vaccine optimism and a growing national wave of economy-disrupting lockdowns
  • Regulatory landscape: Crypto ally Brian Brooks nominated for full term at OCC while SEC Chair Jay Clayton steps down early
  • Bitcoin Miners: Sold out until Spring
  • Celebrities and Financiers coming to the Bitcoin space

Maisie "Arya Stark" Williams' tweet about buying Bitcoin:

twitter.com/Maisie_Williams/status/1328428879334297600

This week on The Breakdown:

  • Monday | Bitcoin at $318,000 Next December? One Citibank Exec Says It’s Possible
  • Tuesday | HODL FOMO vs. Speculative FOMO: Why This Bitcoin Bull Market Will Be Different
  • Wednesday | Vijay Boyapati’s Four Mental Models for Valuing Bitcoin
  • Thursday | A Crypto Ally as Top US Bank Regulator?
  • Friday | 10 Metrics Where Bitcoin Has Already Hit New All-Time Highs

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While we haven’t achieved the elusive $20,000 spot price all-time high yet, these other metrics show where bitcoin has grown far beyond previous peaks.

This episode is sponsored by Crypto.com and Nexo.io.

Earlier this week, investor Nic Carter published a piece called “Nine Bitcoin Charts Already at All-Time Highs” showing just how far bitcoin had come and how fundamentally bullish this quiet run-up was.

In this piece, NLW goes over those metrics that have achieved all-time highs, and adds one more that happened after Nic published his piece. The metrics include:

  • Addresses with a balance of $10 or more
  • Open interest on CME bitcoin futures
  • Realized capitalization
  • Bitcoin options open interest
  • Bitcoin priced in Turkish lira
  • Bitcoin held by Grayscale
  • Stablecoin free float
  • Silvergate’s settlement network
  • Growth of crypto-native credit
  • Market Capitalization

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President Trump has nominated former Coinbase counsel Brian Brooks to a full five-year term as Comptroller of the Currency, but will he be confirmed in time?

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • Markets fight to remain optimistic
  • Jobless claims rise for the first time in five weeks
  • China borrows at negative rates for the first time

Our main discussion: a crypto ally as top bank regulator?

Brian Brooks was an executive at Coinbase when he was tapped by Treasury Secretary Steve Mnuchin to be the number two at the Office of the Comptroller of the Currency, the nation’s main bank regulator. Within two months he was acting Comptroller and now Brooks has been nominated for a full term.

In his short tenure, he has given banks the OK to provide custody of crypto and banking services to stablecoin issuers. In so doing, he has aroused the ire of congressional Democrats, who have accused him of acting too quickly and unilaterally on crypto.

In this discussion, NLW breaks down Brooks’ time at the OCC and asks whether he’s likely to be confirmed before the next administration early next year.

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From “Tulip Mania” to “the World’s Reserve Currency,” these valuation models show the full range of bitcoin’s long-term possibilities.

This episode is sponsored by Crypto.com and Nexo.io.

Vijay Boyapati’s “The Bullish Case for Bitcoin” is one of the most influential articles in the history of the industry – even being assigned reading from MicroStrategy’s Michael Saylor as he tried to convince his board on the merits of what would become its big bitcoin move.

In this conversation with NLW, Vijay discusses his recent thinking around four valuation frameworks that help us understand 1) how people see bitcoin’s upside potential and 2) the likely values they suggest for bitcoin. We also discuss why state-level attacks are Vijay’s biggest concern for bitcoin’s future.

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As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up.

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • Tesla to join S&P 500
  • Airbnb files for IPO
  • The Mooch wants crypto

Our main discussion: HODL FOMO vs. Speculative FOMO.

The 2017-2018 bull run was driven by ICO mania and a relentless get-richism that was nothing if not short-term. As bitcoin passes $17,000 and questions of looming all-time highs start to make their way into mainstream press, it is a very new set of actors and a new set of thinking that is driving this movement.

The Twitter thread that inspired today's podcast:

twitter.com/CitizenBitcoin/status/1327276810363670529

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Breaking down a recent report that has Bitcoin Twitter salivating and skeptical at the same time.

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • Moderna trial success drives markets up
  • New all-time high in negative-yielding debt
  • Jay Clayton to leave SEC

Our main discussion: BTC $318,000 in December 2021?

That’s the prediction of one Citibank exec in a report called “Bitcoin: 21st Century Gold” sent last week to institutional clients. In this episode, NLW breaks down the report, including the macro justification that sets the stage as well as the technical analysis that led to these numbers. Ultimately, he argues that what matters isn’t the report’s predictions, but the fact that its very existence suggests a shifting narrative for institutional buyers.

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A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status.

This episode is sponsored by Crypto.com and Nexo.io.

On this week’s edition of Long Reads Sunday, NLW reads former IMF chief and current Harvard economist Kenneth Rogoff’s latest Op-Ed, “The Calm Before the Exchange Rate Storm” in Project Syndicate.

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In an otherwise extremely bullish week, famed investor Ray Dalio reiterated his skepticism of bitcoin and digital assets.

This episode is sponsored by Crypto.com and Nexo.io.

Ray Dalio FUD:

On this edition of the weekly recap, NLW looks at bitcoin’s surge past $16,000. Additionally, he explores some recent FUD from Ray Dalio, which NLW argues seems strangely locked in years-old narratives.

This week on The Breakdown:

  • Monday | The Biggest Macro Event Since March
  • Tuesday | Legendary Investor Stan Druckenmiller Turns Bitcoin Bull
  • Wednesday | Discovering Bitcoin Through the #EndSARS Movement, Feat. Yele Bademosi & Akin Sawyerr
  • Thursday | Meet the $10B Asset Manager With a 10,000 BTC Treasury, feat. NYDIG’s Robby Gutmann
  • Friday | PayPal Rolls Out Crypto for All US Customers

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Crypto Twitter reacts to the announcement and answers the question: Just how big a deal is this?

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • Christine Lagarde’s digital euro hunch
  • Deutsche Bank CBDC note
  • COVID-19 resurgent

Our main discussion:

PayPal is rolling out crypto to all its users and increasing transaction limits from $10,000 to $20,000. In this episode, NLW breaks down the community response to the news, including an interesting discussion of whether the company’s BitLicense requires PayPal to hold 1:1 all the BTC its customers pay for.

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One of the (quietly) largest players in the institutional bitcoin space discusses the changing investor landscape in his first-ever podcast interview.

This episode is sponsored by Crypto.com and Nexo.io.

Robby Gutmann is the co-founder of Stone Ridge Holdings Group, a $10 billion alternative asset manager and co-founder and CEO of NYDIG, the group’s bitcoin subsidiary.

In this first-ever podcast conversation, Gutmann discusses:

  • Buying his first bitcoin from Craigslist in 2010
  • The personal and professional experiences that drove his team to bitcoin
  • Why bitcoin fits the firm's founding principle of financial security for all
  • A set of key trends driving institutional investors and fiduciaries/asset managers into the bitcoin space
  • Why the coming year is poised for even more aggressive expansion of the investor market for bitcoin

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When the Nigerian government shut down protestors’ bank accounts, bitcoin and crypto became a way around.

This episode is sponsored by Crypto.com and Nexo.io.

Yele Bademosi is CEO at Bundle social payments app and the founder of investment firm Microtraction. Akin Sawyerr is involved across the industry and leads operations at BarnBridge.

Over the course of October 2020, the world’s attention became firmly fixed on a growing movement in Nigeria. With the hashtag #EndSARS, the movement was, on the one hand, about addressing police brutality. On the other hand, as our guests discuss, it was a broader awakening and a demand for generational economic opportunity. At one point, even Twitter founder Jack Dorsey called for people to donate bitcoin to help the movement.

In this conversation, Yele and Akin discuss:

  • The state of the economy in Nigeria leading into the protests
  • Generational differences in political action
  • Why the #EndSARS protests exploded into action in October
  • Why the movement turned to bitcoin to avoid bank confiscation
  • How crypto can play a role in a brighter future

Find our guests online:

Yele Bademosi - twitter.com/YeleBademosi

Akin Sawyerr - twitter.com/AkinSawyerr

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The billionaire investor made his pro-bitcoin comments on an appearance on CNBC.

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • Was Monday’s stock rally overdone?
  • Lebanon to launch digital currency
  • 3 reasons BTC has rallied 60%+ in two months

Our main discussion: Stan Druckenmiller, Bitcoin Bull.

A few months ago, Stan Druckenmiller told CNBC that he could imagine inflation of 5%–10%. Yesterday, he returned to the network to discuss why bitcoin had captured his attention as a potential hedge.

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According to the bright minds of FinTwit, the biggest event isn’t the U.S. presidential election but today’s Pfizer vaccine update.

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • GRIN gets 51% attacked
  • Crypto trading volume down 25.8% in October
  • How the market is receiving Joe Biden

Our main discussion: The stock market soars on promising Pfizer COVID-19 vaccine trials.

The S&P 500 and DJIA hit new all-time highs after Pfizer announced its experimental vaccine had prevented COVID-19 in 90% of patients. Travel stocks soared, work from home stocks suffered and safe havens fell. In this episode, NLW explores the shifting market sentiment, as well as what it means for bitcoin.

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While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.

This episode is sponsored by Crypto.com and Nexo.io.

Today’s Long Reads Sunday is a reading of Andy Mukherjee’s piece: “Why Emerging Markets Are Wary of a Modern Monetary Fix”.

The argument is that while Western governments debate just how far we can take the idea of money printing without paying a dubious price, for emerging-market governments there simply isn’t the same capacity to print their way out of problems.

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Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.

This episode is sponsored by Crypto.com and Nexo.io.

Hany Rashwan is the CEO of Amun/21Shares, the creator of a variety of publicly traded crypto products with over $100 million assets under management.

In this conversation, he and NLW discuss:

  • How he was introduced to bitcoin by Tim Draper in 2012
  • How the Egyptian revolution and challenges that followed influenced his thinking
  • How a 48% overnight devaluation of the Egyptian pound created the “aha” moment around bitcoin
  • How bitcoin could become the global reserve currency

Find our guest online:

Twitter: twitter.com/hany

Website: 21shares.com

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In a year when the popular narrative says money printing went crazy, the host of “Making Sense/Eurodollar University” says the problem is actually too little money.

This episode is sponsored by Crypto.com and Nexo.io.

Emil Kalinowski is the host of “Making Sense/Eurodollar University" collaborations with Jeff Snider.

In this illuminating conversation, he and NLW discuss:

  • How the global monetary order changed over the last 50 years
  • The exact moment the world demonstrated it had too little money
  • Why bitcoin and MMT are competing to shape the next generation of monetary thinking
  • Why a big crash is coming, but we’ll be better on the other side

Find Emil Kalinowski online:

Twitter – twitter.com/EmilKalinowski

YouTube – youtube.com/c/EmilKalinowski/videos

YouTube – https://www.youtube.com/playlist?list=PL-fc2oBgFM6hNywSse_V-YEYzI7D01EXB

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Bitcoin Twitter interprets today’s massive price action.

This episode is sponsored by Crypto.com and Nexo.io.

As the U.S. election picture starts to become more clear, bitcoin has smashed through $15,000 – its highest price since 2017’s record-breaking run. Alongside the price action has come a wave of mainstream media coverage.

In this special he-was-supposed-to-be-on-vacation episode, NLW breaks down Twitter’s response and shares interpretations, including:

  • “Quietest bull run ever”
  • Stimulus on the way
  • Halving bull redemption
  • Death of the nation-state
  • Start of a reflexive cycle
  • It feels real

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An enlightening conversation with Reason’s Jim Epstein, who just released a four-part YouTube documentary on the cypherpunk movement.

This episode is sponsored by Crypto.com and Nexo.io.

Jim Epstein is the executive editor of ReasonTV podcasts, and the producer of the recent documentary “Cypherpunks Write Code.”

In this conversation, he gives NLW a behind the scenes look on the interviews and conversations that went into the documentary, including how the cypherpunks started, schisms in the movement, and how the movement lives on today.

Watch “Cypherpunks Write Code”

  • Part 1: youtu.be/YWh6Yzr12iQ
  • Part 2: youtu.be/n4qonsvSgAg
  • Part 3: youtu.be/lv8OFSWZkGs
  • Part 4: youtu.be/HDKQulqVCQg

Find Jim Epstein online:

twitter.com/jimepstein

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One of the hosts of NPR’s legendary “Planet Money” takes us on a whirlwind tour of some of the key moments of money history in the last 1,000 years.

This episode is sponsored by Crypto.com and Nexo.io.

Jacob Goldstein is one of the hosts of NPR’s Planet Money. He is also the author of the new book, “Money: A True Story of a Made Up Thing.”

In this conversation, he and NLW discuss:

  • How China invented paper money and then forgot about it for centuries
  • Why the invention of the lightbulb was a pivotal money history moment
  • How money market funds set the stage for the Great Financial Crisis
  • Where bitcoin fits in the world that comes next: without cash, without banks and with government printing

Find our guest online:

Twitter: twitter.com/jacobgoldstein

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In a chaotic year of dueling recriminations and very different visions of the future, the real question of this U.S. presidential election is: Who is better for bitcoin?

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • The digital euro is closer than ever
  • Checking in on European COVID-19 lockdowns
  • Economic events this week that aren’t the election

Our main discussion: Which U.S. election outcome is better for bitcoin?

Poll: twitter.com/nlw/status/1320884275110137863

After a surprisingly close Twitter poll with more than 1,600 respondents answering the question “Is Trump or Biden better for bitcoin?”, NLW breaks down the most common themes, including:

  • The Senate matters more
  • Anti-encryption history
  • And of course… Honey Badger Don’t Care

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A Long Reads Sunday reading of Grayscale’s recent “Bitcoin Investor Survey.”

This episode is sponsored by Crypto.com and Nexo.io.

On this week’s Long Reads Sunday, NLW diverts from our normal opinion and long-form essay to pursue Grayscale’s recent investor reports. In its survey of investors, Grayscale found more interest in bitcoin investing than ever before, with a significant amount of the growth in interest being driven by economic and monetary policy following the coronavirus pandemic.

Grayscale's "Bitcoin Investor Study"

scribd.com/document/481729535/Grayscale-2020-Bitcoin-Investor-Study

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The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

On this week’s weekly recap, NLW looks at:

  • Bitcoin’s resilience in the face of a week where many investors went risk off, causing a drop in stocks and gold
  • JPMorgan’s dramatic three-year attitude shift around bitcoin and crypto
  • Iran stockpiling bitcoin to be able to pay for imports
  • A new round of COVID-19 lockdowns and the stimulus that will follow

This week on The Breakdown:

Monday | Hedge Funds Failures, Bankruptcies and Pandemic Fatigue

Tuesday | JPMorgan Launches JPM Coin: Welcome to the Private Currency Era

Wednesday | The ‘Everything Crash’ Is Coming? Markets Go Risk-Off as European Stocks See Worst Day in 5 Months

Thursday | Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy

Friday | Why Satoshi Chose Halloween to Release the Bitcoin White Paper

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Was it an allusion to the Reformation or something to do with the ancient pagan tradition of Samhain?

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

One of the most powerful aspects of bitcoin is its mythology.

In this episode, NLW explores the 12th anniversary of the Bitcoin white paper and the choices that went into its release date.

Whether it was something to do with the Reformation or an allusion to the longstanding pagan tradition of Samhain, the one thing that’s clear is the choice adds all the more mystique to bitcoin’s incredible origins.

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The Department of Commerce’s new report shows 33.1% annualized growth in Q3, but does this really tell us much about the state of the economy?

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • FTX launches equities trading
  • Avanti gets Wyoming bank charter
  • France locks down and ECB intimates new stimulus

Our main discussion: GDP growth report

The Department of Commerce released its Q3 GDP numbers. Touted as record growth, this is actually a much more complicated story. In this episode, NLW breaks down what the numbers tell us and what they don’t, and why we should be more focused on understanding long-term consumer behavior shifts than short-term numbers.

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Stocks, oil, even gold are down on fears of resumed COVID-19 lockdowns, but bitcoin hodlers are keeping the faith.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Section 230 hearing with social media CEOs in Washington D.C.
  • Bitwise now has more than $100 million AUM
  • Trump website defaced with monero request

Our main discussion: Markets go risk-off.

With rising fear of COVID-19 lockdowns, everything from stocks to oil to gold and, yes, even bitcoin is down on the day. The important question is whether this is a short-term volatility phenomenon or part of a larger systemic shift.

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The investment banking giant says the blockchain hype cycle has moved past inflated expectations and into the realm of being commercially viable.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Stocks down; bitcoin up
  • Consumer confidence shaky as baking supplies demand grows 3,400%
  • Bank for International Settlements and Swiss central bank to test CBDC this year

Our main discussion: JPM Coin.

Initially announced in February 2019, JPMorgan’s JPM Coin is being launched for commercial use. In this episode, NLW looks at:

  • The history of private currencies in the U.S.
  • Why Libra was a starting gun for both governments and other private corporations
  • How JPMorgan intends to make money from JPM Coin
  • Why other investment banks might follow

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As cases rise and the U.S. settles in for a fresh wave of COVID-19, the economic fallout from round one is still being felt, from hedge funds to bankruptcies and beyond.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Turkey’s real inflation rate 3x official number
  • Hot new DeFi protocol Harvest Financial hacked
  • Bitcoin whales hit largest number since 2016

Our main conversation is about the rise of a new wave of COVID-19 and the economic fallout we’re still trying to address. NLW discusses why we’re starting this next wave more emotionally drained, politically divided and economically fragile than we were in March.

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A reading of two recent op-eds on central bank digital currencies.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

For this week’s Long Reads Sunday, NLW reads two selections from CoinDesk’s op-ed section:

CBDCs Are Evolution, not Revolution - Benoit Coeure

The US Risks Getting Left Behind on CBDCs - JP Schnapper-Casteras & Misha Guttentag

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A recap of an exceptionally bullish week for bitcoin and crypto as a whole.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

On this week’s Breakdown weekly recap, NLW looks at:

  • The initial price action that started the week
  • Debates about whether BTC was thriving at the expense of alts and DeFi
  • The PayPal news
  • News of more public companies putting treasury reserves into BTC
  • Paul Tudor Jones’ optimistic take on the human ingenuity driving bitcoin’s success

This week on The Breakdown:

Monday | A New ‘Bretton Woods’ Moment?

Tuesday |How Strong Is Bitcoin’s Push Above $12,000?

Wednesday | PayPal Adds Bitcoin: Most Bullish News of the Year?

Thursday | ‘Google Is One of the Most Important Antitrust Cases of All Time,’ With Matt Stoller

Friday | Why Fiats Are Failing in 2020

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From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • DOJ crypto enforcement a “disaster” for privacy
  • Ant’s blockchain tools pre-IPO
  • Better news around jobless claims

Our main discussion: fiat failures, 2020 edition.

In this episode, NLW looks at a raft of geographies in which bitcoin has recently reached all-time highs, priced in the local currency. The story, he says, is about fiats floundering more than mispriced local bitcoin.

twitter.com/alistairmilne/status/1319170878765211648

Special focus on economic happenings in Brazil, Argentina and Turkey.

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The author of “Goliath” gives his take on the history of American antitrust politics and what it means for the just-announced Google case.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Matt Stoller works with the American Economic Liberties Project and is the author of “Goliath: The 100-Year War Between Monopoly Power and Democracy” as well as the popular Substack newsletter “BIG.”

In this conversation, he and NLW discuss the history of American antitrust sentiment and politics including:

  • The origins of antitrust sentiment
  • How the “Watergate Babies” generation of Democrats turned away from antitrust sentiment
  • How the 1990s shifted power in favor of corporates and tech
  • Why the 2008-2009 crisis was a seminal moment in our attitudes towards big finance
  • The significance of the new antitrust case against Google

Find our guest online:

Twitter: @matthewstoller

Web: mattstoller.com

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Huge news broke this morning as PayPal announced that it would be offering buying, selling, and eventually merchant payments for bitcoin and other cryptos across its network.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

In this late breaking Breakdown episode, NLW explores:

  • The specifics of the news
  • Why the scale, precedent and normalization are hugely bullish
  • What some skeptics are saying
  • Why it’s significant that PayPal is focused on the coming central bank digital currency era

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Who has the most recent bitcoin move right, the bulls or the bears?

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • DOJ files biggest antitrust case in two decades against Google
  • Goldman Sachs’ 1MDB settlement
  • LINE’s new CBDC platform

Our main discussion: bulls vs. bears as bitcoin passes $12K

Someone recently tweeted, “Bitcoin price has never been this high with such bearish sentiment.”

On this episode, NLW looks at the bullish case (growth in open interest on CME backed by strong macro narrative around stimulus) and bearish case ($12K sell wall and bleeding from alts and DeFi).

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The IMF has said it’s time to re-evaluate the global economic order, but what does that really mean?

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Chinese citizens less than impressed with DCEP trial
  • Is Filecoin the “Titanic” of ICOs?
  • Mnuchin, Pelosi go one more round on stimulus

Our main discussion: A new Bretton Woods moment?

In a recent speech, the International Monetary Fund argued that the time to fundamentally re-evaluate the global economic order is here. Goldbugs see the potential to return to the gold standard, bitcoiners anticipate ever-growing stimulus and macro observers are betting on massive disruptions in the wake of central bank digital currencies.

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On Long Reads Sunday, a reading of a John Street Capital piece on the realities of a market characterized by zero-bound interest rates.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

On this week’s Long Reads Sunday, NLW reads: “Capital Allocation & Risk Asset Ramifications in a 0% Interest Rate World”

The piece examines how different asset classes – from stocks to bonds to bitcoin and beyond – fare in the context of a world where the Federal Reserve is determined to keep interest rates at or near zero for years to come.

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On this “Speaking of Bitcoin” episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy, and Jonathan Mohan for a look at the past, present and future of global reserve currencies

This episode is sponsored by Crypto.com, Nexo.io and Elliptic

In the beginning (way back in 2009) there was the global reserve currency (U.S. dollars,) national currencies like the Japanese Yen, alternative currencies like Ithaca hours and just one cryptocurrency, Bitcoin.

But what a difference a decade can make, today there are thousands of cryptocurrencies, many created by enthusiasts who have ideas on how to make something even better than bitcoin, but also currencies that use some of the technology that makes Bitcoin so powerful, but which pairs it with the authority of a national government, like the Digital Yuan in China, the Digital Euro out of Brussels, or even a globe-spanning corporation with billions of customers like the Libra, backed by Facebook.

In this emerging picture, is bitcoin still interesting? First attempts at new technologies, even when successful at introducing a powerful new idea, are often not the ones which eventually succeeds in changing everything. And importantly, as the world changes and we get closer to something other than the dollar standard, where does bitcoin fit?

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On the weekly recap, NLW looks at growth in institutional investment, big interest among the G20 in CBDCs and a new National Security Council report.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

On this edition of The Breakdown weekly recap, NLW looks at:

  • Growth in the institutional investment space in crypto
  • A new 10,000 BTC treasury announcement
  • Reports from the Bank for International Settlements, G20, WEF, IMF and more around central bank digital currencies
  • A National Security Council report labeling distributed ledger technology key for national security

This week on The Breakdown:

Monday | How Investors Are Trading the Election

Tuesday |The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era

Wednesday | A $10B Firm Makes Bitcoin Its Primary Treasury Asset

Thursday | Is Crypto Converging With Public Markets?

Friday | RAC on the First Truly Free Markets for Music and Culture

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Grammy-winning recording artist RAC explores the business of music and how crypto experiments could shift the balance of power.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today’s Breakdown is a conversation with Andre Anjos – aka RAC, a Grammy Award-winning recording artist and music entrepreneur. He and NLW discuss:

  • Starting the “Remix Artist Collective” as a business
  • Evolving from remixing to performing artist
  • The challenges and trade-offs of working with major labels
  • How the music industry beat back technology innovation where other industries failed
  • How NFTs, tokens and other crypto innovations are opening up truly free markets for music and culture

Find our guest online:

Twitter: @RAC

Web: rac.fm

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Between bitcoin treasury holdings growing and crypto-focused SPACs, private crypto markets and public equities markets are closer than ever.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Initial jobless claims rise to highest level since August
  • BTC as a DeFi reserve asset
  • Twitter reactions as Filecoin goes live

Our main discussion focuses on the convergence of the crypto and public markets. NLW looks at:

  • Narratives of bitcoin’s correlations to stocks
  • Growing overlap of retail and institutional traders
  • SPACs and public crypto companies
  • Bitcoin treasuries
  • Geopolitical intrigue around ANT Financial

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Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Bitcoin hashrate at all-time highs
  • Record number of large companies lose money during the pandemic
  • JPMorgan releases research note on bitcoin

Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin treasury assets.

NLW digs into what Stone Ridge is, why it spun off New York Digital Investments Group (NYDIG) and how the company has quietly built itself into a serious player in the institutional crypto asset space.

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New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Is the “blue wave” Democrat victory narrative in the presidential election starting to shake up Wall Street?
  • Johnson & Johnson pause COVID-19 vaccine trial
  • 1000 Satoshi-era bitcoins are on the move

Our main discussion: The world’s central banks are moving quickly on digital currencies. NLW looks at a slew of recent news showing how much of a priority CBDCs are becoming:

  • A report from the Bank for International Settlements and seven other central banks setting design principles for CBDCs
  • A G20 regulatory standards framework
  • A forthcoming OECD tax reporting framework

One need only look at the increasingly speedy rollout of China’s DCEP to understand why this has become a major priority for central banks everywhere.

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As the U.S. presidential election gets closer, market “predictions” are showing up in stocks from energy to private prisons.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Market rally to highest point in six weeks
  • BTC and ETH up in part on Grayscale ETH trust becoming an SEC reporting company (Grayscale, like CoinDesk, is a unit of DCG.)
  • CBDCs (and CBDC skepticism) on the rise

Our main discussion: How markets are trading the U.S. presidential election in November.

A look at what different stock and other market preferences suggests about who Wall Street expects to win, including:

  • Energy
  • Private prisons
  • Student loans
  • Health care
  • Infrastructure
  • Dollar
  • Bitcoin

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On this “Speaking of Bitcoin” episode, join hosts Adam B. Levine, Stephanie Murphy, Jonathan Mohan and special guest Martin Rerak, creator of AllYourFeeds.com, for a look at how “AI curation” is being used to figure out what’s useful information and what’s just fluff.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic

Hundreds of tabs

In the early days of Bitcoin, there were just a few places you might go to read news and stay informed, but over the years things have changed dramatically. Today there are thousands of projects and hundreds of articles written each day. And that’s assuming you ignore the wilds of YouTube or the depths of crypto Twitter.

There were days I was waking up to a hundred tabs that I was basically just reloading from the prior day... You know, looking at Slack, Telegram, Twitter accounts, Discord, Reddit and dozens of publications online [...] It was very easy to point somebody in the [right] direction if they're saying, "Where can I buy cryptocurrency?" But if they were saying, "Is there a use case here for traceability?" or "What do you think I should invest in?" or "How is this project developing?" that becomes a lot more loaded and challenging... - Martin Rerak

See also: What Is GPT-3 and Should We Be Terrified?

In this episode, we discuss the crypto-media landscape, AI training, the challenges around bias and un-biasing practices, potential impacts of the natural-language-generating algorithm known as GPT-3 and more.

Biased AI

While unsettling on the surface, the idea of bias within an AI is not as controversial as you might imagine – it’s almost required. As humans, we each have our own experiences and preferences which shape our viewpoint and our biases. Modern artificial intelligence consumes “training material” curated by humans to learn what’s right or wrong for its particular task. Once trained, AI can help us with those tasks and is at its most useful when it’s “instincts” match whomever it is working on behalf of.

Of course whether bias is good or bad depends a lot of your priorities. When Google trained an AI to help with hiring, the data around past and current employees led it to believe that an ideal “Google engineer” wouldn’t have a woman’s college on their academic transcript. For Google, their past records did not match their future ambitions and so bias was a problem.

But personally, I’ve developed patent-pending AI technology that assists with audio editing, and here the idea of bias is critical. There is no objective standard of what sounds best, only personal preferences. For an AI to assist an audio editor, it must be in tune with those preferences and be able to make decisions that are objectively correct for the person it is assisting.

This is much the same with AI assisted news curation. We all have our own preferences, interests and biases which help us decide what we do or don’t care about. On today’s show we dig into this fascinating topic where one size rarely fits all and the future is wide open.

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According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on Long Reads Sunday, a reading of Lyn Alden’s piece for CoinDesk: “Bitcoin Correlations Depend on What Phase It Is In”

In it, Lyn argues that bitcoin’s correlation patterns are, in part, reliant on where bitcoin finds itself in its own cycles of expansion or consolidation.

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The virtual event invest: ethereum economy takes place on Wednesday, Oct. 14. CoinDesk’s Christine Kim spoke to colleagues Michael J. Casey and Aaron Stanley about the most compelling and under-discussed topics about Ethereum 2.0 headlining next week’s conference.

From the dynamics of staking to the architecture of sharding, there haven’t been many topics Ethereum 2.0 core developers have shied away from discussing over the past five weeks on “Developer Perspectives: Ethereum 2.0.”

See also: 3 Things You Should Know Before Staking on Ethereum 2.0

Each discussion, however, has sparked new questions about the ramifications of Ethereum’s transition to proof-of-stake on the crypto markets and the broader blockchain industry.

“There’s a lot of unanswered questions about how the markets are going to behave,” said Casey, CoinDesk’s chief content officer. “Do we end up with a split, [with] two versions of ethereum or at least two tokens that trade differently in the marketplace?”

Casey added that financial engineers in the decentralized finance (DeFi) space will likely seek to unlock the liquidity of staked ETH on Ethereum 2.0 before token transfers are officially enabled on the network. What new DeFi products are created, their attributes and, most important, their impact on the value of ETH remain to be determined.

Along with lingering questions over how the markets will react to the launch of Ethereum 2.0, there’s also uncertainty over how the launch will affect the competitive landscape for dapp users and dapp developers in the crypto industry.

“What does the multi-chain future look like?” asked Stanley, CoinDesk’s managing director of events content. “If Eth 2.0 succeeds, … what does that mean for all these other [smart contract] chains out there? Are they going to go away or just cease to exist? I don’t think that’s the case.”

With the recent popularity around yield farming and liquidity mining on Ethereum, Stanley also questioned what the real incentives are for users holding large amounts of ETH, upwards of $11,000 worth, to stake on Ethereum 2.0 when they could earn “100x returns farming ‘hotdog coin’ or whatever the meme coin of the day is.”

See also: Yearn, YAM and the Rise of Crypto’s ‘Weird DeFi’ Moment

These questions are pertinent to the discussions happening next Wednesday at invest: ethereum economy. Keynote speakers headlining the virtual conference are founder of Ethereum Vitalik Buterin and U.S. Commodity Futures Trading Commission Chairman Heath P. Tarbert. To register for the event, click here.

CoinDesk Research has recently published an updated report about the launch of Ethereum 2.0, as well as recent developments on the existing Ethereum blockchain. Download it for free on the CoinDesk Research Hub.

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Between BitMEX action, the U.K.’s derivative ban and the new U.S. Department of Justice enforcement framework, regulations are coming for crypto.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

On this week’s Breakdown weekly recap, NLW looks at a cross-section of regulatory news, including:

  • CFTC and DOJ action against BitMEX and its leadership
  • The U.K. Financial Conduct Authority’s ban of crypto derivative products for retail investors
  • The DOJ’s new cryptocurrency enforcement framework

NLW discusses why these might reflect a new moment in crypto history, what it means for current builders in bitcoin and DeFi, and why recruiting corporate allies like Square will become more important than ever.

This week on The Breakdown:

Monday | Are Central Bank Coins the End of Financial Privacy?

Tuesday |The UK Bans Crypto Derivatives

Wednesday | How Bitcoin Could Become the Reserve Asset for DeFi, Feat. Qiao Wang

Thursday | The Market Reacts to Square’s $50M Bitcoin Buy

Friday | Cathie Wood: Secrets of the World’s Best Innovation Investor

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Cathie Wood bet early on Bitcoin and Tesla, and her ARK Innovation Fund is up 75% in 2020.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Forbes called her “the newest superstar investor,” and it’s not hard to see why.

Cathie Wood is radically disrupting the way money is allocated. Fighting the rise of passive – what she calls the “greatest misallocation of resources in history” – Wood’s funds are actively managed exchange-traded funds that give investors exposure to public companies in key areas of innovation.

In this conversation, NLW and Wood discuss:

  • Why she had conviction in Tesla before the market caught up
  • Why her fund offered the first bitcoin investment opportunities to Wall Street
  • Why it doesn’t hire traditional Wall Street analysts
  • Why it gives away all research for free
  • Why it shares the trades made in a completely open-source way
  • ARK’s recent Bitcoin Investment Thesis white paper
  • What the prospects are for innovation in 2021

Find our guest online:

Twitter: @CathieDWood

Web: ark-invest.com

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Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

A special breaking edition of The Breakdown follows the market’s reaction to Square’s surprise $50 million bitcoin investment.

NLW breaks down the foundations for the investment, including:

  • 2020’s alignment between the bitcoin narrative and structural economic realities
  • An increase in bitcoin’s perceived resilience
  • The precedent set by MicroStrategy

He also discusses the market’s reaction, from the (potential) connection to Coinbase’s “apolitical” stance from last week to the notion of Square intentionally setting a framework others can follow.

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Crypto trader, analyst and operator Qiao Wang looks at bitcoin’s macro resilience and why DeFi is here to stay.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Stimulus talk shutdown spooks markets
  • House recommends antitrust actions but likely to get nowhere
  • CBDC trial results from China

Our main discussion is with trader and entrepreneur Qiao Wang. In this conversation, NLW and Qiao discuss:

  • Bitcoin’s resilience in the face of a barrage of bad news
  • Why DeFi is a natural next step from the foundation bitcoin has built
  • How bitcoin could end up the reserve asset for DeFi
  • Why regulation is the greatest threat to the space

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The crypto industry reacts to a big move from the United Kingdom's Financial Conduct Authority.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • John McAfee arrested in Spain
  • BTC addresses added spikes to two-year high
  • A new election-market narrative emerges

Our main discussion: The U.K. has banned crypto derivatives.

Just days after the U.S. announced significant action involving BitMEX, the U.K.’s Financial Conduct Authority has made its own move to stop crypto derivatives.

In this episode, NLW breaks down what actually happened, and looks at the reactions from the crypto industry including:

  • Accusations of hypocrisy
  • Skepticism of enforceability
  • Why it might actually be good for bitcoin

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As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

  • Markets gain as Pres. Trump’s condition stabilizes
  • SEC Chairman Clayton sees future where all stocks are tokenized
  • Uniswap had more volume than Coinbase in September

Our main discussion: central bank coins and financial privacy.

The EU recently released a new research paper on a possible digital euro. Like many other official central bank reports, it assumes there is no possibility of an anonymous digital bank currency. NLW dissects arguments from people including JP Koning and CoinCenter’s Jerry Brito on why this shouldn’t be true.

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With final preparations for the launch of Ethereum 2.0 soon to be underway, CoinDesk's Christine Kim spoke to Cayman Nava, technical lead at ChainSafe Systems and Alexey Akhunov, an independent researcher and software developer about the kinks in ETH's evolution that still need to be worked out.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.

The Ethereum blockchain processes about three to four times as many transactions as Bitcoin. It’s still not enough, however, to meet rising user demand for the cryptocurrency and prevent network congestion.

See also: DeFi Frenzy Drives Ethereum Transaction Fees to All-Time Highs

One of the most highly anticipated fixes to Ethereum’s transaction bottleneck and its lack of scalability is an ambitious software upgrade called Ethereum 2.0. According to Vitalik Buterin, the creator of Ethereum, Ethereum 2.0 will boost network speeds from around 15 transactions per second (TPS) to 100,000 TPS.

How? The solution is sharding. Cayman Nava, technical lead at ChainSafe Systems, explains sharding as “a natural way to break things up.”

“If you’re wanting to process a lot of data but you don’t want any one party to be overloaded with that data, you can naturally think of breaking up your problem into smaller pieces,” said Nava. These “smaller pieces” Nava is referring to are called shards. In Ethereum 2.0, 64 shards will be created to break up the transaction load of Ethereum.

See also: Ethereum 2.0: How It Works and Why It Matters

While sharding sounds effective in theory, there are other Ethereum developers who are skeptical about the benefits of this technique in practice.

“If I were to design scaling [for Ethereum], first I would squeeze as much as possible out of Ethereum 1, which I think hasn’t been done yet, and then after that I would actually introduce sharding logically in order to see whether users would actually be able to use [sharding] effectively,” said Alexey Akhunov, an independent researcher and software developer for Ethereum that has been contributing code to the network’s development since 2016.

Sharding logically refers to breaking up data within the same blockchain as opposed to sharding physically, which necessitates the creation of multiple mini-blockchains. As mentioned, Ethereum 2.0 will spawn a physically sharded system of 64 linked databases. Optimizing the communication between shards in this environment, Akhunov goes on to explain, may pose an even greater challenge to network scalability than a transaction bottleneck.

Nava agrees there are kinks and holes in the design of Ethereum 2.0 and its sharded system that need to be worked out. But in Nava’s view, these problems that call for further detailing and research can be delayed in the short term while developers work toward an upgrade launch.

“I think we can delay these harder problems like how sharding should work or what it should look like. That can be pushed off a little bit so we can think about it and get it right. In the near term, we can get a lot of the benefits from the [Ethereum 2.0] work that we’ve been doing,” said Nava.

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A reading of a new piece from the Wall Street Journal that NLW argues shows a shifting mainstream narrative.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.

Today’s Long Reads Sunday selection is “How To Avoid Paying the Cruelest Tax: Inflation” from the Wall Street Journal.

NLW argues the piece reflects a changing conversation in mainstream financial circles about the possibility of inflation on the other side of new Federal Reserve policy.

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A monthly recap featuring conversations with Luke Gromen, Raoul Pal, Tavi Costa, Sven Henrich, Corey Hoffstein and Michael Saylor.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.

A recap of September, which NLW calls a transitional month between the post-lockdown excitement of the summer and the growing macro insecurity around second wave fears and election volatility.

Featuring some of the most interesting insights from our guests, including:

  • Luke Gromen on the four options for countries that can’t pay their debts
  • Tavi Costa on the Fed’s new “mandate” to keep asset prices high
  • Raoul Pal on why “monetary policy is over”
  • Sven Henrich on the ever-weakening economic cycle
  • Corey Hoffstein on the fundamental supply-demand mismatch that exacerbates exogenous shocks
  • Michael Saylor on why he moved his company’s cash reserves to bitcoin

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Crypto legal experts join NLW to discuss the U.S. government’s case against BitMEX and its implications for the broader ecosystem.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.

Today on the Brief:

  • Market reaction to Pres.Trump contracting COVID-19
  • Subpar September jobs report
  • Decentralized exchanges have third straight 100%+ growth month

Our main discussion explores the ramifications of the recent BitMEX charges.

Yesterday, BitMEX was targeted with both civil and criminal complaints, with the CTO being arrested for violation of the Bank Secrecy Act.

In this conversation, NLW talks to crypto legal experts Stephen Palley and Preston Byrne to discuss:

  • The specifics of the charges
  • How long this investigation has been in the works
  • Whether there was anything surprising to legal experts
  • Why the criminal complaints represent an escalation of enforcement
  • Whether there are implications for other industry areas, particularly decentralized finance

Find our guests online:

Stephen Palley: @stephendpalley

Preston Byrne: @prestonjbyrne

Anderson Kill: andersonkill.com

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NLW recaps a viral twitter thread asking people which financial conventional wisdom they disagree with.

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.

When popular finance writer Morgan Housel asked followers on Twitter to share the commonly held investing beliefs they most disagreed with, the internet responded with vigor.

A thousand or so replies later, NLW ranks the top 10 investing ideas we should be questioning, including:

  • Ignoring compounding interest in our 20s
  • Buying homes rather than renting
  • The idea US Treasury bonds are risk-free

Listen to hear the full list.

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The attention may have been with DeFi when it was warm, but as the cold winds of COVID-19 return fears and election volatility blow, bitcoin is resuming narrative dominance.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Coinbase offers severance to employees who want to leave over new politics policy
  • Long-term job cuts hamper any idea of V-shaped recovery
  • Last chance for a stimulus package before the U.S. presidential election

Our main discussion is a narrative shift from DeFi back to bitcoin.

Over the summer, DeFi led the crypto charge. From growth in total value locked to narrative dominance to even leadership in the all important category of crypto drama, DeFi was it.

Now, as a potentially turbulent macro environment rears its head, the narrative is shifting back to a focus on bitcoin.

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When the DeFi degens caught wind of a new pre-release Andre Cronje project they piled in, only to get $16 million hacked away in a flash.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

DeFi is one of the breakout crypto categories of 2020. Indeed, yield farming and the grand game of “money legos” has been so profitable that many are following every new protocol with rapt attention.

This is all the more true for projects graced by YFI creator Andre Cronje. So when word got out about a new, pre-release game economy engine called “Eminence,” the DeFi degens took advantage of the permissionless nature of DeFi to pump $16 million or so into EMN.

What happened next was arguably the first pre-release hack in DeFi’s history. This episode breaks down what happened and what it means for the fledgling field.

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CEO Brian Armstrong’s letter has not just the crypto world but the larger world of tech and business talking about the role of corporations in society.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Monday, Coinbase CEO Brian Armstrong published the innocuously titled “Coinbase Is a Mission-Driven Company.”

While the post talked a lot about Coinbase’s core mission, its real goal seemed to be to make clear Coinbase would not be engaging with any other social or political issues beyond that, and to the extent employees wanted to do so they needed to do it on their own time.

The reactions were intense, immediate and in many instances, totally opposite.

In this episode, NLW breaks down the entire social media reaction and the arguments for and against this policy.

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Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long term HODLers in the process.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • After four weeks down, bitcoin bounces back on suspicions that recent bearishness was overblown
  • KuCoin exchange gets hacked for somewhere between $150 million and $280 million
  • Jack Dorsey outlines Twitter’s blockchain and bitcoin beliefs during Oslo Freedom Forum appearance

Our main discussion: Digging in to bitcoin’s 64-day run over $10,000

Bitcoin has been above $10,000 for longer than any time in its history. Its volatility is also at recent historic lows. In this episode, NLW puts this in the context of broader market movements and explains why new price floors are self-reinforcing.

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On this Speaking of Bitcoin episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy & Jonathan Mohan for an in-depth discussion about what’s really at risk when blockchains suffer the dreaded 51% attack.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On today’s show we’re talking 51% attacks, the much discussed, infrequently seen and fairly misunderstood doomsday scenarios. It’s recently re-emerged as a topic of discussion as Ethereum plans its transition to Proof-of-Stake and fork Ethereum Classic is hit by its third in less than a month.

Although the numbers may change, basically any blockchain you can imagine is vulnerable to some form of the so-called 51% attack. By distributing the power within a protocol, say to miners instead of a corporate board, blockchains and other decentralized systems create and maintain a “Consensus Reality”, where what most of the network believes to be true is true, or becomes true for the entirety of the network.

See also: How Does Kraken’s New Crypto Bank Work?

If you think about it, this makes sense. Each blockchain creates a game with a distinct set of rules that need to be followed for the thing to work. It requires lots of people who don’t know each other to individually follow those rules and get rewarded by the system for doing so. The assumption underlying all of these systems is that most of the people are going to be compelled by the offered rewards to follow the rules. Even if a lot of people aren’t following the rules, they’re probably breaking them in different ways rather than working together.

In a 51% attack, that assumption is broken as most, or at least enough of the network is overcome by bad actors who aim to rewrite reality in their favor.

It’s a real problem, one of the biggest blockchains face, especially less popular ones… But even if you could pull one off, the outcome might not be as bad as many fear.

But what is actually at risk? What’s possible and what’s safe? Tune in to find out.

Photo by Hasan Almasi on Unsplash

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Will the future of currency be led by the U.S., China, Bitcoin, or some combination we can barely imagine today?

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

This week’s Long Reads Sunday is a reading of “The Currency Cold War: Four Scenarios” by Jeff Wilsner – part of CoinDesk’s Internet 2030 series.

In it, Wilsner talks to experts about four scenarios:

  • A multi-currency scenario, where exchange is abstracted away via digital wallets
  • A China-led scenario
  • A U.S.-led scenario
  • A bitcoin/non-state currency-led scenario

In addition to reading, NLW gives his take on which scenario is most likely.

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With the final preparations for the launch of Ethereum 2.0 soon to be underway, CoinDesk's Christine Kim spoke with Developers Raul Jordan and Eduardo Antuña Díez about what's left to do.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Lead developer at Prysmatic Labs Raul Jordan, who has been building Ethereum 2.0 software for over two years, explained his team would be wrapping up all feature development by October 15.

“At that time, it’s all hands on deck to just have good documentation, good user experience, fix-up security holes [and] basically prepare for launch. That’s where we are today if all remains on track,” said Jordan.

The final features currently in development by Prysmatic Labs and other software development teams include making sure different code implementations of Ethereum 2.0, also called “clients”, are interoperable and can be used interchangeably by a user without running the risk of losing validator rewards.

See also: A Day in the Life of an Ethereum 2.0 Validator

It’s not only client developers who are beginning final preparations for this network upgrade. Ethereum startups building hardware and tooling for users to participate in the Ethereum 2.0 launch are also working on adding last-minute features to their products.

Eduardo Antuña Díez, project lead at DAppNode, said, “The most important thing that we realized after the first [Ethereum 2.0] testnet is that people need to know the status of their validators. Having a good monitoring system to be able to know when your validator is down … we are working in that direction.”

Before Ethereum 2.0 goes live, Jordan and Díez both noted that a new contract will be created on the current Ethereum blockchain to receive deposits of 32 ETH. Only once this contract accumulates a minimum of 524,288 ETH, which is worth roughly $181 million at time of writing, will the new Ethereum blockchain officially kick-start at midnight UTC the following day.

See also: Ethereum 2.0: How It Works and Why It Matters

About the security of the deposit contract, Jordan said, “There’s no way to retrieve [funds]. … It’s considered a burn in the short term. It’s not like there’s any sort of admin key or any sort of way to take those funds out. There’s no way somebody can take all the ETH that is locked in there.”

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Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this edition of The Breakdown weekly recap, NLW looks at the fourth painful week for traditional markets in a row.

He discusses the factors contributing to the trouble, including:

  • A normal correction from too-high valuations
  • The return of COVID-19 lockdowns
  • The end of easy recovery gains
  • Diminishing likelihood of a stimulus bill
  • Election volatility

This week on The Breakdown:

Monday | The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering

Tuesday |Marty Bent on Why Bitcoin and Big Energy Are Unlikely Allies

Wednesday | Violent Reflexivity: Why Market Movements Are More Aggressive Than Ever, Feat. Corey Hoffstein

Thursday | Did Corporate Insiders Perfectly Predict the Market Top?

Friday | Sven Henrich on the Ever-Weakening Economic Cycle

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The founder and lead market strategist at NorthmanTrader explains how the Fed has boxed itself in and why our fundamental economic capacity fails to grow.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Sven Henrich is the outspoken founder and lead market strategist at NorthmanTrader. Well known for his appearances on CNBC, CNN Business and MarketWatch, Sven is also the host of the Straight Talk podcast.

In this conversation, he and NLW discuss:

  • The ever-weakening economic cycle
  • Why the Fed has boxed itself in
  • Why the asset price bubble is contributing to wealth inequality
  • How market capitalization-to-GDP reached all-time highs
  • What the election means for markets

Find our guest online:

Twitter: NorthmanTrader

Website: northmantrader.com

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In August, the volume of personally owned stock sold by corporate executives reached its highest level since 2015, followed by a 10% decline in the S&P500 in September.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Initial U.S. jobless claims up to 870,000
  • Partial lockdowns begin in earnest in Europe and Israel
  • The global demand for American stocks

Our main discussion: Did corporate insiders perfectly time the market top?

August saw the largest volume of insider selling since 2015, with more than 1000 corporate officers offloading $6.7B in stock. Subsequently, the market has seen a 10% decline since the S&P500 all time high of Sept. 2. What’s more, according to new statistics, insider selling is happening at the fastest pace since 2012.

The question is: What do these executives know that the rest of the market doesn’t?

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How the Fed and the rise of passive investing and volatility strategies have combined to make market movements faster and more severe.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Corey Hoffstein is the founder and Chief Investment Officer of Newfound Research LLC, a quantitative research and investment fund. He is also the host of the “Flirting with Models” podcast.

His most recent research is “Liquidity Cascades: The Coordinated Risk of Uncoordinated Market Participants.”

In it, he examines three popular narratives about what is driving radical swings in markets, including:

  • The increased role of the Fed
  • The rise of passive and index investing
  • The growth of volatility-correlated strategies

He finds that, individually, none could explain the radical market shifts we’ve seen. However, when combined, they create a market incentive loop that is causing markets to move and react to exogenous shocks more quickly and aggressively than ever before.

Find our guest online:

Twitter: @choffstein

Website: Newfound Research

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Bitcoin mining can help big energy companies produce more efficiently, increasing American energy independence in the process.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Where the digital euro fits in Lagarde’s economic integration plans
  • New stablecoin guidance from the OCC
  • Mnuchin and Powell head to the Hill

Our main discussion features Marty Bent.

Marty is the author of one of the best known daily bitcoin newsletters, as well as the host of “Tales From The Crypt” podcast. He also is one of the leaders of Great American Mining, a new project using bitcoin mining to make big energy more efficient and profitable.

In this discussion, we talk about how bitcoin and big energy are unlikely allies, how that alliance can bring more bitcoin mining back to America, and how it is working to reduce America’s energy dependence.

Find our guest online:

Twitter: @MartyBent

Twitter: @GAMdotAI

Website: gam.ai

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The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Stocks down, dollar up on COVID-19 resurgence fears
  • People’s Bank of China says digital yuan needed to fight USD dominance
  • 140,000 have claimed UNI tokens
  • Judge stops Trump WeChat ban
  • Nikola founder resigns

Our main discussion: The FinCEN Files

The FinCEN Files are a leaked cache of suspicious activity reports filed by banks with the U.S .Financial Crimes Enforcement Network. The more than 2,000 files, representing $2 trillion in transactions, were leaked to BuzzFeed News more than a year ago. BuzzFeed, in turn, shared them with the International Consortium of Investigative Journalists, who then helped distribute them to 108 publications in 88 countries.

This episode provides an overview of the leaks and explains why they show that, despite lots of PR bluster, banks are happy to file their reports and then keep on banking likely money launderers.

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This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this week’s “Long Reads Sunday,” NLW reads macro analyst Lyn Alden’s latest: “A Century of Fiscal and Monetary Policy: Inflation vs Deflation”

The article looks at:

  • When monetary policy is effective versus when fiscal policy needs to take over
  • How short-term debt cycles add up to long-term debt cycles that have very different remedies
  • Why long-term debt cycles inevitably end in default or devaluation
  • Why the conclusion of the last long-term debt cycle in the U.S. – the 1930s and 1940s – suggests that devaluation is the most likely outcome

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This week Kraken Financial became the first crypto company to receive a banking charter under Wyoming's Special Purpose Depository Institution statute. On this Speaking of Bitcoin episode, Join CEO David Kinitsky for a look at what it all means and how it'll work with hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

In the early days of Bitcoin, there were no rules, or at least none that people understood. The first batch of companies were focused entirely on functionality; Simply making things possible that before crypto had been impossible.

In the aftermath of the collapse of first MTGox and then later TheDAO, it became obvious that rules did apply, or at least would moving forward. But what wasn't very clear was how they'd apply as different regulatory bodies claimed authority in confusing and often conflicting ways.

As law, if not order, came to the industry, much of crypto's first wave of US based exchanges were crushed as they struggled to get legal, a challenging task with different rules and unique compliance burdens for each state and territory they'd operate in. New York famously introduced the Bitlicense, which in the five years since it's introduction has approved just 25 companies to operate in the U.S. financial hub.

On today's show Kraken Financial CEO David Kinitsky joins the discussion of just how much things have changed as Kraken becomes the first crypto company to receive a banking charter under Wyoming's Special Purpose Depository Institution statute. And more importantly, what happens next.

Credits

This episode was edited by Adam B. Levine, with music provided by Jared Rubens.

Episode Art by Doran Erickson on Unsplash

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The highly-anticipated launch of Ethereum 2.0 is expected to have little to no impact on users and decentralized applications (dapps) currently operating on Ethereum. But in the years after its launch, Ethereum developer Danny Ryan expects the upgrade to radically improve network performance and security.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

There will be what Ryan calls a “precise point of transition,” where at one block the Ethereum blockchain is progressed and secured through the activity of mining and at the next block it is secured through validating. These two systems of block creation and transaction validation are called proof-of-work (PoW) and proof-of-stake (PoS), respectively.

The Ethereum 2.0 upgrade is the technology and multi-year roadmap intended to transition the world’s second largest blockchain by market capitalization from PoW to PoS.

See also: Ethereum 2.0: How It Works and Why It Matters

There are several security concerns that still need to be addressed by Ethereum developers to ensure that at this point of transition, there is no possibility for 51 percent attacks, block reorganizations, and other edge cases jeopardizing user funds and network data.

To this end, Liz Steininger, CEO of blockchain security company Least Authority, recommends additional audits of Ethereum 2.0 code in preparation for what developers are calling Phase 1.5 of the upgrade roadmap. However, even with multiple audits on top of the ones already completed for the launch of Ethereum 2.0, Steininger foresees inevitable “hiccups and bumps in the road.”

See also: Quantstamp Audit Greenlights Ethereum 2.0 Client Prysm for Launch

“[Flaws in code] isn’t necessarily a failure but it’s a learning opportunity for everybody in the industry to see how these things work at such a large scale,” said Steininger. “If we can overcome the bumps in the road that are undoubtedly going to happen during this large transition then I think that shows a kind of resiliency to the greater world of what blockchain and cryptocurrency and the development space is capable of.”

Ryan has high hopes that after the “hot swap” from Eth 1.0 to Eth 2.0, users and dapp developers will begin to see noticeable improvements to transaction efficiency and throughput on the merged network immediately.

“We want to increase the layer one capacity of the [Ethereum] system by approximately 100x. The benefits we hope to bring to developers is more capacity, cheaper transactions and a better environment for users to interact with and build dapps on,” said Ryan.

For more information about Ethereum 2.0, you can download the free research report featuring additional developer commentary about the upgrade on the CoinDesk Research Hub.

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Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this edition of The Breakdown weekly recap, NLW looks at:

  • DEXetition – Uniswap’s battle with SushiSwap heats up as the former dropped the UNI governance token in what some likened to a crypto stimulus check
  • The Fed has no clothes – After another FOMC meeting of “nothing new,” the mirage of Federal Reserve omnipotence is fading
  • TikTok and WeChat banned from U.S. app stores – Is it just a negotiating technique? Whatever the case, people are not happy
  • Kraken becomes a bank – What it means now that Kraken has been approved for a Wyoming Special Purpose Depository Institution charter

This week on The Breakdown:

Monday | The Business of Geopolitical Competition

Tuesday | The Decade of the Living Dead: How Zombie Companies Are Robbing Tomorrow’s Economy

Wednesday | Governments vs. Networks: The Battle for the Soul of Finance

Thursday | Monetary Policy Is Finished and Macro Debates Are Boring, Feat. Raoul Pal

Friday | ‘I Didn’t Buy It to Sell It. Ever.’ MicroStrategy’s Michael Saylor on His $425M Bitcoin Bet

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The CEO of publicly traded MicroStrategy (MSTR) shares why he started to feel like he was “sitting on a 500-lb block of ice” and how he came to bitcoin as a solution.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

MicroStrategy made waves when it announced in early August it was moving $500,000,000 in treasury reserves out of cash. At least $250 million were to be moved into bitcoin.

Earlier this week, the company announced its final bitcoin purchases totaled $425 million.

In this conversation with NLW, MicroStrategy CEO Michael Saylor explains:

  • Why he’s always treated the company with a long time horizon
  • Why the asset inflation rate is the real inflation rate
  • How he became convinced that bitcoin is the best treasury asset in the world
  • Why Michael believes some other companies will follow suit, but better do so quick
  • Why the intensity of maximalists is actually part of the reason he grew conviction around the asset
  • Why he would buy every bitcoin if he could

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A wide-ranging conversation about the state of macro, why central banks can’t really do anything and why private markets are leading the future of money.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Raoul Pal is CEO and co-founder of Real Vision, a platform fundamentally disrupting macroeconomics and financial media.

In this wide-ranging conversation, he and NLW discuss:

  • Hot takes on the most recent Jerome Powell/Federal Reserve press conference
  • Why central banks can’t do anything more until they merge with treasury departments
  • Why stablecoins are disrupting how we think about global reserve assets
  • Why traditional financial media missed an entire generation of investors
  • Why all macro debates are boring

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Governments have significant discretion over economics and finance today, but decentralized network-driven alternatives threaten that control.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Kraken is the first crypto exchange to become a U.S. bank
  • FTC preparing antitrust lawsuit against Facebook
  • Gold-standard fan Judy Shelton doesn’t have the votes to be confirmed as Federal Reserve governor

Our main discussion: The battle for the soul of finance.

In this episode, NLW looks at the power competition between governments on the one hand and the decentralized network-driven finance alternatives that would reshape that power. Interestingly, in this competition corporations may play a role that benefits both sides at different times and in different ways.

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The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • MicroStrategy increases its bitcoin reserves by $175 million
  • The Oracle-TikTok deal starts to smell fishy
  • The SEC is investigating claims of fraud involving Nikola Corp.

Our main discussion: The rise of zombie firms.

A zombie firm is a company that can’t afford to service its debt from operating income. These companies are made possible by artificially low interest rates, and they drain resources from the economy.

On today’s episode, NLW explains:

  • Why there are more zombie companies than ever
  • The negative impact they have on the economy
  • How they could drive a new financial crisis

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As Oracle wins a bid for TikTok U.S., a look at how tech competition, culture competition and currency competition shape the business of geopolitics.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Crypto exchange volume sees highest month-over-month increase since February 2018
  • Uniswap overtakes SushiSwap in total value locked
  • What Coinbase vs. Apple means for the future of decentralized applications

Our main discussion: NLW looks at the business of geopolitical competition, including:

  • TikTok, Oracle and the new politics of deal making in the “new Cold War”
  • “Mulan” controversy around Uyghurs and Hong Kong police support
  • The real motivation for China’s digital currency

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A reading of “How to Diagnose Your Own Dutch Disease,” a look at the problems of America’s dollar trade.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this week’s Long Reads Sunday, NLW looks at recent statistics suggesting that, based on a comprehensive set of measures of well-being, U.S. citizens are worse off than they were a decade ago.

One potential explanation is the U.S.’ “USD Dutch Disease” - a peculiar set of consequences resulting from the role of the U.S. dollar in the world.

This week’s reading is “How to Diagnose Your Own Dutch Disease” from the Financial Times.

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Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this edition of the Breakdown Weekly Recap, NLW looks at:

  • The “holding pattern economy” – why stocks, jobs and central bank policy seem stuck in place
  • Why Joe Biden’s China plan shows that, no matter who wins the presidential election, U.S. economic policy towards China is likely to get more aggressive
  • The surveillance state gets stronger as Amazon appoints a former NSA head to its board of directors
  • The SUSHI saga

This week on The Breakdown:

Monday | Sorry, Governments, We’re Entering the Era of Private Money

Tuesday | Why Bitcoin Investors Aren’t Worried About This Price Pullback

Wednesday |‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible

Thursday | How Monetary Policy Undermined American Resilience

Friday | ‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa

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With Ethereum 2.0's much anticipated move to Proof-of-Stake getting closer, CoinDesk Research Analyst Christine Kim spoke with Ben Edgington and Vijay Michalik on what would-be validators need to know.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

“There are indeed responsibilities that come with [Ethereum 2.0 staking]. You can’t just stake and leave it. You need to run what we call a client or a validator software.”

That’s Ben Edgington, the product owner of Teku at ethereum venture capital studio Consensys. Teku is one of five software clients currently being battle-tested on the official Ethereum 2.0 test network, Medalla.

These clients will connect users to the highly anticipated proof-of-stake blockchain aimed at significantly boosting Ethereum transaction speeds and throughput. Ethereum 2.0 clients like Teku will also enable users to earn rewards as validators on the new network.

See also: Ethereum 2.0: How It Works and Why It Matters

Similar to the role of miners on the current Ethereum blockchain, validators on Ethereum 2.0 will be responsible for processing transactions and creating new blocks. What that looks like in practice, according to Edgington, is keeping client software up and running 24/7 on a dedicated computer device.

As for which of the five clients to run, Vijay Michalik, a strategist for the engineering team behind Teku, explained the technical differences between them all were minor. However, their main distinction between clients in the eyes of Michalik comes down to long-term development vision.

“For Status [the Ethereum messaging company], the Nimbus client is focused on trying to build a client for a low-footprint system. So they’re building for embedded systems such as mobile devices and potential IoT [Internet of Things] in the future,” said Michalik. “At the ConsenSys protocol engineering, we’re trying to lean into our specialization which is building the enterprise grade [Ethereum 2.0 client].”

See also: Ethereum 2.0: Closer Than Ever Still Plenty of Work to Do

For more information about Ethereum 2.0, you can download the free research report featuring additional developer commentary about the upgrade on the CoinDesk Research Hub.

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The Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Tavi Costa is a portfolio manager at Crescat Capital. In this conversation with NLW, he discusses:

  • The credit exhaustion moment in the engines of global growth
  • The race to the bottom for fiat currencies
  • The explosive moment for precious metals
  • Where bitcoin might fit in this larger framework

Find our guest online:

Twitter: @TaviCosta

Instagram: @TaviCostaMacro

Website: https://www.crescat.net

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A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Jobless claims slightly exceed expectations at 884,000
  • ECB keeps policy unchained; euro rises versus dollar
  • Survey: What’s the right way to understand the business and market cycle in the U.S. today?

Our main discussion: interest rates and the undermining of American resilience.

In this discussion, NLW looks at a number of artifacts of the low interest rate world, including:

  • Increasing cost of child care
  • Declining share of total net worth held by bottom 50%
  • New startups using lottery tactics to incentivize savers

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The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials
  • Bitcoin and gold correlation increases sharply around dollar instability
  • Mastercard launches simulation tools to help develop central bank digital currencies

Our main discussion: Stan Druckenmiller speaks!

NLW breaks down the famed investor’s interview with CNBC today, including:

  • The merging of the Fed and the Treasury
  • Mania in financial assets
  • A growing fear of future inflation
  • Why the next three to five years are going to be extremely difficult

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Critiques of correlation between bitcoin and equities miss the fact that bitcoin adoption within traditional markets has been driven by a fiat collapse concern.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Stock market continues its descent
  • Insider stock selling reached five-year high in August
  • President Trump promises more aggressive decoupling from China

Our main discussion: Investors and the BTC price dip.

Over the last several weeks, bitcoin has pulled back from $12,400 to around $10,000. This dip has happened alongside a broader retracement in equities, led by falling tech stocks.

While some have levied correlation to equities as a failure of bitcoin, NLW argues this critique misunderstands the narrative that has driven accumulation from new holders over the last six months.

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Whether the U.S. government likes it or not, the world is demanding crypto-dollars and the private market is ready to supply them.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this special Labor Day edition of The Breakdown, NLW is doing a reading of Nic Carter’s most recent essay “The Crypto-Dollar Surge and the American Opportunity.”

In it, Carter argues that rather than fight the tide, the U.S. government should accept and take advantage of its unique position in the emerging world of global crypto monies.

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A reading on revolutions from the late great David Graeber.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Earlier this week, news broke that David Graeber, author of influential works such as “Debt: The First 5000 Years,” had passed away.

In his memory, today’s Long Reads Sunday is a reading of his 2013 piece “A Practical Utopian’s Guide to the Coming Collapse.”

In it, he argues the impact of the revolutionary period of the 1960s was much more profound than popular opinion has it, and that the age of revolution is far from complete.

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The markets kicked off the week with a 5-1 Tesla stock split rally and ended with major questions about tech company valuations.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this episode of The Breakdown Weekly Recap, NLW looks at the full story the stock markets are telling us about the economy, including:

  • SoftBank unmasked as the “Nasdaq whale” playing the same options game with stocks as r/WallStreetBets
  • The Tesla stock split game: Does this just mean it’s for n00bs and rubes?
  • The VIX shows November nervousness
  • Can you hear it? As stocks slide, the money printer is revving again

This week on The Breakdown:

Monday | US Stock Market Cap to GDP Ratio Reaches 190%, Eclipsing Dot-Com Bubble High

Tuesday | Financial Postmodernism and the Great Inflation Debate

Wednesday |Let Them Eat Equities! The Economic Chickens Come Home to Roost, Feat. Luke Gromen

Thursday | DeFi Degens Are Crypto’s Suicide Squad

Friday | 8 Historical Analogies That Help Explain the Madness of 2020

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It wasn’t long ago the Ethereum 2.0 upgrade went live on an official test network. Developers have been catching mission-critical bugs in the code ever since.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

“This is the biggest testnet launch that Ethereum 2.0 has seen. … So we learned about things that were frustrating for people. We found some bugs. We’ve been troubleshooting a very interesting and elusive bug at the moment that can cause nodes to crash,” said Paul Hauner, the lead developer of the Ethereum 2.0 Lighthouse client.

Also testing the new Eth 2.0 mock network – called “Medalla” – and finding some surprises along the way is staking-as-a-service startup Staked. In the mind of Tim Ogilvie, co-founder and CEO of Staked, all of the bugs and unexpected issues on the Medalla network thus far are relatively minor and give no cause for concern.

“We run 25 other proof-of-stake networks and so we’re used to running in testnets,” Ogilvie said. “We see a lot of the same issues in testnets, which is that sometimes the software doesn’t communicate perfectly or has issues where the network needs to be restarted. I think [Eth 2.0] is in pretty good shape relative to a lot of the other testnets we’ve seen.”

That said, both Hauner and Ogilvie agree there are important features about the Eth 2.0 network that users need to understand before staking their ETH.

A “really important one,” according to Ogilvie, is the fact that once ETH is transferred to the Eth 2.0 network, it cannot be transferred back to the original Ethereum blockchain.

“It is a one-way trip until the next phase [of Ethereum 2.0 development] has been enabled. Your funds are not liquid. Really, the only thing you can do is participate in staking. People have to understand that fundamentally before they get started,” Ogilvie said.

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From the U.S. presidential elections of 1896 to the dot-com bubble to housing markets in 2006, these historical moments help us make sense of a truly WTF year.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Inspired by Michael Batnik’s “All Wrapped In One,” this episode examines eight moments from history that can help us make sense of one of the most chaotic years of our lives.

  • Income inequality of the Gilded Age
  • The election of 1896
  • The pandemic of 1918
  • The economy of 1929
  • The social movements of the 1960s
  • The stock market of 1987
  • The speculation of 1999
  • The housing market of 2006

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A look at the subculture and ethos driving the white-hot DeFi space, which has grown from $2 billion to $9 billion in total value locked in just two months.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Traditional markets falter, led by tech stocks
  • Bitcoin falls under $11,000 for the first time since July
  • Stablecoins mint $100 million daily since mid-July

Our main discussion is about DeFi’s “degens.” NLW talks about:

  • The numbers behind DeFi’s recent run-up
  • What “degen” means in this context
  • Why degen is, in part, a reaction to previous bitcoiner critiques of Ethereum
  • Why degen is (in even bigger part) a reaction to a no-yield, artificially low interest world

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One of the best-known macro analysts breaks down last week’s Jerome Powell speech and whether it truly represents a new policy era for the Federal Reserve.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Debt will exceed U.S. GDP for the first time since 1946
  • SPACs in action!
  • Decentralized exchange volume flippens centralized exchanges

Our main conversation is with Luke Gromen, founder of the Forest for the Trees consulting firm.

In this conversation, we discuss:

  • Chairman Powell’s speech and whether this is a true policy departure
  • The evolving relationship between the Federal Reserve and Treasury Department
  • What it would mean to get China to start “footing the bill”
  • The gold narrative
  • Why stock price gains are unlikely to keep U.S. citizens satisfied with the economy for long

Find our guest online:

Website: fftt-llc.com

Twitter: @LukeGromen

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This Best of The Breakdown August 2020 edition features commentary from Hugh Hendry, Preston Pysh and Adam Tooze.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

August has come to a close. In this recap and “best of” episode, NLW looks at the big themes that defined the month. Most notable was the discussion of inflation culminating in the Federal Reserve’s newly announced policy of average inflation targeting.

This episode features commentary from:

  • Tony Greer - Author, Morning Navigator
  • Keith McCullough - CEO, Hedgeye
  • Chris McCann - General Partner, Race Capital
  • Adam Tooze - Chair of History, Columbia University
  • George Selgin - Director at the Cato Institute Center for Monetary and Financial Alternatives
  • Hugh Hendry - Legend

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The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it?

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:

  • New all-time high in total market capitalization to GDP ratio (higher than dot-com bubble)
  • “No precedent for how high” valuations can go
  • Fed denies asset bubble; intimates it wouldn’t care about asset bubbles if full unemployment comes with them
  • Bezos at $200,000,000,000
  • Percentage of stocks traded by individuals reaches all time high of 20%
  • Robinhood leads in FTX complaints
  • Buffett’s Japan trading firm bet

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The Winklevoss brothers make an argument that, in the long run, bitcoin is the only good safe haven.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

This week’s episode of Long Reads Sunday is a reading of the latest essay from Tyler and Cameron Winklevoss.

The essay looks systematically at the problems of the slate of current store-of-value assets, including the U.S. dollar, oil and gold.

The brothers argue why those assets have, or are starting to have, value in their safe haven function, while bitcoin is on the rise.

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Fed Chair Jerome Powell tried to make it seem like the end of an era, but didn’t inspire confidence in the central bank’s ability to lead in the era that comes next.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On The Breakdown’s Weekly Recap, NLW looks at the shifting sands of the global economy. He says Federal Reserve Chair Jerome Powell’s speech at Jackson Hole this week was an argument that an era that began in the 1970s is now closing.

At the same time, he argues Powell did very little to provide a vision for what comes next. Instead, it is the alternative economic philosophies – Modern Monetary Theory on the one side, Bitcoin on the other – that are attracting people for a different vision of the future.

This week on The Breakdown:

Monday | How Much Should We Fear Post-Crisis Debt or Inflation? Feat. Adam Tooze

Tuesday | An Unintended Consequence of Low Interest Rates? The Big Get Bigger

Wednesday |The Battle to Get Dictator’s Seized Millions to 62,000 Venezuelan Health Heroes

Thursday | Everything You Need to Know About Jerome Powell’s Jackson Hole Speech

Friday | The Anxiety Index: 4 Fear Factors Shaping the Economy

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From COVID-19 relapses to election insecurity, these factors drive defensiveness up and demand down.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Skepticism around Powell’s inflation prognostications
  • The Tesla Stock Split Game
  • China’s COVID-19 vaccine maker presses countries for early adoption

Our main discussion: The Anxiety Index

We live in an economy organized around consumption and perpetual growth. In that context, factors that cause consumers to be fearful, reduce spending, increase savings, move less and generally slow down can wreak havoc.

In this episode, NLW discusses four factors shaping and driving consumer anxiety, including:

  • COVID-19 related concerns, both health and economic
  • Monetary policy questions
  • U.S.-China tensions
  • Election insecurity

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The Federal Reserve Chair announced a slate of new policy approaches, but are they inspired or impotent?

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Federal Reserve Chair Jerome Powell spoke Thursday at the annual Jackson Hole conference convened by the Kansas City Fed, which was virtual this year due to COVID-19.

In the highly anticipated speech, Powell laid out a number of key changes to how the Fed approaches unemployment and inflation.

In this recap, NLW looks at how people reacted to the speech. On the one hand, there is disagreement between those who anticipate out of control inflation and those who think the Fed’s track record on achieving even modest inflation is abysmal. On the other, almost everyone seems to think the Fed appears run down, out of tools and increasingly looking to support from Congress.

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How crypto-powered Airtm is teaming with Venezuela’s opposition government to distribute $18 million in funds the U.S. seized from the Maduro dictatorship, featuring Airtm CEO Ruben Galindo.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief

  • The SEC changes accredited investor rules
  • Fintech and crypto investor Ribbit Capital starts $350 million SPAC
  • Previewing Federal Reserve Chair Jerome Powell’s Jackson Hole speech

Our main conversation is with Ruben Galindo, CEO and co-founder of Airtm.

Airtm is a global dollar account that lets users anywhere access U.S. dollars, powered by cryptocurrency infrastructure and a P2P network.

The company is currently working with Juan Guaido’s opposition government in Venezeula to attempt to distribute $18 million in funds the U.S. seized from the Maduro dictatorship.

In this conversation, he and NLW discuss:

  • How Airtm works outside of the traditional banking system
  • Why people around the world are hungry for access to dollars
  • What the Health Heroes campaign is trying to achieve
  • How Guaido and Airtm are trying to work around the Maduro government’s attempt to suppress them

Find our guest online:

Website: airtm.com

Twitter: @theairtm

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As companies have to shift their business model to contend with low interest rates, the largest find themselves in a comparatively better situation.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today’s episode of The Breakdown is an extended edition of the Brief.

NLW discusses:

  • The “COVID-19 vaccine trade” on Wall Street kicks markets higher
  • The latest on TikTok vs. the U.S. and what it means for the U.S.-China relationship
  • More companies move reserves from cash to bitcoin

The final topic today looks at news that some large money market funds are shifting fees from users and taking the financial hit themselves. This creates a dynamic where only the largest companies can survive long term, and reflects a key unintended consequence of low interest rates.

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An economic historian and one of Foreign Policy’s “Top Global Thinkers of the Decade” discusses post-COVID-19 global economics and politics.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Our guest today is Adam Tooze. Adam holds the Shelby Cullom Davis Chair of History at Columbia University and serves as director of its European Institute. He is known for his books “The Deluge: The Great War, America and the Remaking of the Global Order” and “Crashed: How a Decade of Financial Crises Changed the World.”

In this conversation, he and NLW discuss:

  • Historical analogies for our present moment
  • Federal Reserve policy and independence
  • How much we should fear debt and inflation post-coronavirus
  • How the economic and political crisis of 2020 has changed or reinforced the trajectory of the U.S., China and Europe
  • Why there is no such thing as the post-American era

Find our guest online:

Website: Adamtooze.com

Twitter: @adam_tooze

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When FOMC minutes suggested the Federal Reserve might not employ yield curve control, the markets reacted angrily.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On today’s edition of The Breakdown’s Long Reads Sunday, our selections have to do with one of the hottest topics in central banking: yield curve control.

What Is Yield Curve Control?

The first piece is from the St. Louis Federal Reserve and is a primer on YCC, including past U.S. implementations as well as versions from Japan and Australia.

Market Jitters Show How Much Fed Medicine Matters

Our second piece is an op-ed about how dramatically markets reacted to this small detail from the Federal Open Market Committee minutes, and what it suggests for their desires involving YCC.

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Despite the stock market returning to all-time highs, many can’t shake the feeling that all is not well in the economy.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on The Breakdown’s Weekly Recap:

  • People aren’t buying “the Great American Recovery”
  • Let’s stop considering the economy as one thing
  • Dave Portnoy doesn’t care about your principles
  • DeFi is the Wild West and saved only by the fact that no normie understands what the hell is going on
  • Bitcoin is being compared to the dollar not stocks and that’s serious progress

This week on The Breakdown:

Monday | What’s Actually Happening With Inflation Right Now

Tuesday | How Excess Capital and Low Interest Rates Reshaped Silicon Valley, Feat. Chris McCann

Wednesday |S&P5 vs. S&P 500: The Real Story of the Stock Market Recovery

Thursday | The Most Pro-Bitcoin Politicians in the US

Friday | Winter Is Coming: Examining the Economy’s Eight-Body Problem

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From the devastation of the service industry to never-ending central bank intervention, these factors make predicting the future of the economy nearly impossible.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

The “three-body problem” is a physics issue that deals with unpredictable futures.

In a recent essay, John Mauldin argues the economy is actually experiencing an “eight-body problem.”

On today’s episode, NLW explores each of those dimensions shaping the challenge we face, including:

  • Central bank intervention
  • The destruction of the service industry
  • The implosion of global trade

In the end, he argues that in a world ruled by chaos, fighting to control the narrative might be the only rational move.

Read Ben Hunt’s essay “The Three-Body Problem.”

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Whether fighting for reduced taxes for staking or regulatory sandboxes for tokens, these politicians break the mold when it comes to digital assets.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Markets react to FOMC notes
  • Taiwan blocks China streaming services
  • Initial jobless claims back on the rise

Our main discussion is a look at the politicians on both sides of the aisle who are pro-digital currencies and, especially, pro-bitcoin. Featuring:

  • Rep. Thomas Massie
  • Governor Jared Polis
  • Andrew Yang
  • Rep. Ted Budd
  • Rep. Trey Hollingsworth
  • Rep. Darren Soto
  • Rep. Stacey Plaskett
  • Rep. Tom Emmer
  • Senate Candidate Cynthia Lummis
  • Rep. Warren Davidson
  • Rep. Patrick McHenry

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The S&P 500 has recovered to hit new all-time highs but how real is it, and how are leading finance minds interpreting the recovery?

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today, NLW debuts a new format: “10 Takes in 10(ish) Minutes.”

In this analysis, he looks at 10 takes surrounding the S&P 500’s return to positive territory on the year, including:

  • Great American comeback
  • Market disconnect and widening inequality
  • Don’t fight the Fed
  • To the Stoolies go the spoils
  • Stock splits and SPACs
  • It’s Tech vs. everything else
  • Cantillon insiders FTW
  • A new era of global liquidity?
  • You’d have done better with gold
  • You’d have done a lot a lot better with bitcoin

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A conversation with a VC about changes in fintech, crypto and how public market trends shape the startup scene.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Everyone turns bullish as S&P 500 nears all-time highs
  • Emerging market currencies are floundering
  • Bitcoin holding sentiment highest in two years

Our main conversation features Race Capital’s Chris McCann.

Chris was previously the founder of Startup Digest, building it to 1 million subscriptions long before email newsletters were a thing. He spent four years building the community program at Greylock before launching his own venture firm.

In this conversation, Chris and NLW discuss:

  • The relationship between monetary policy and startup finance
  • What changes in startup financing have followed COVID-19
  • What the emerging fintech stack looks like, outside of crypto

Find our guest online:

Website: Race Capital

Twitter: @mccannatron

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The numbers are all over the place and the narratives are even more complicated, so what’s the real story with inflation?

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

There is perhaps nothing more important or contentious in macroeconomics right now than the question of inflation.

On the one hand, there is a growing concern that rapidly growing money supply and increasing central bank balance sheets will inevitably lead to inflationary pressures.

On the other, critics of that point of view point to significant countervailing forces such as the 10% unemployment rate and growing savings rate among consumers.

So who is right?

What are the specific narratives trying to say?

What is the evidence and data actually telling us?

And how are real people experiencing inflation today?

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In this audio interview, CoinDesk’s Leigh Cuen and Fodé Diop, founder of the Dakar Bitcoin Developers meetup in Senegal, talk about bitcoin in Africa.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

From how mobile devices offer the primary point of access and social media groups offer local liquidity, Cuen and Diop explore what cryptocurrency adoption actually looks like in emerging markets like Senegal.

Like many bitcoiners, Diop got his start in the crypto industry working for token projects in 2017. From there, he got involved with the Oakland Blockchain Developers Meetup, and eventually took that experience back to Senegal when he moved back to his hometown to be with family during the COVID-19 crisis.

“I started with Ethereum because it was easier to have access to...Philosophically, I no longer align with the Ethereum ethos,” Diop said. “The first thing I did when I started here [Dakar] with the meetups was I gave away about $1,000 in bitcoin.”

As a dual citizen of the U.S. and Senegal, with an American bank account, Diop can use mainstream bitcoin wallets like Cash App to use bitcoin as a currency anywhere in the world. This came in handy when Diop unexpectedly needed to stay in Senegal throughout 2020. For people with only Senegalese accounts, he recommends the Lightning-friendly Wallet of Satoshi.

Now, with the support of organizations like Chaincode Labs, he freelances from Senegal teaches aspiring bitcoiners like Bineta Ngom, who have a high level of technical understanding yet aren’t fluent in English. As such, she struggled to find the right materials to learn about bitcoin.

“I’m super happy to find out there was a bitcoin community here in Senegal. I never heard of it spoken of before here. I didn’t have anyone to talk to, exchange (ideas) on the subject. This was a chance for me to meet enthusiasts,” Ngom said.

Ngom, who studied computer science and now works at a local university, said she hopes to use bitcoin to buy something someday. In the meantime, Diop is focused on translating information from English into local languages like French and Wolof. Plus, he said most people in Senegal only access the internet through their Android mobile devices. So they need information about how to use mobile apps and understand whether something is a scam.

“We also have peer-to-peer trading through WhatsApp and Telegram,” Diop said.

Until Diop started the local bitcoin meetup, Ngom said the only other sources she knew for cryptocurrency projects were a few “scams” her friends invested in during the 2017 token boom.

“Places that are English-speaking are moving way faster than their French counterparts,” Diop said, comparing English-speaking Ghana and Nigeria to French-speaking countries in West Africa. “I don’t understand how the bitcoin community doesn’t target more (African) universities and do more hackathons.”

He added the small yet highly curious community in Senegal now uses bitcoin for speculative trading and remittances.

“I have people who are highly, highly technical when it comes to cryptography, per say, but they don’t understand how bitcoin works,” Diop said. “I believe this technology is groundbreaking. It could help a lot of people.”

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After a Winklevoss encounter highlights Elon Musk’s space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Earlier this week, the Winklevoss brothers introduced Barstool Sports founder Dave Portnoy to bitcoin.

One of the notable parts of the recap video was a discussion of how Elon Musk was set to destroy the value of gold on Earth by mining gold from asteroids.

While much meme fun was had, on this week’s Long Reads Sunday NLW has chosen a selection that looks at how fiat beat out gold and how gold beat out silver to provide some – ahem – more immediately relevant lessons on how to explain the benefits of bitcoin.

Read:

Projection and Throwness

Part III — Bitcoin’s 10x Advantage Over Gold Might Not Lie Where You Think

By David Lawant

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In this audio interview, CoinDesk’s Leigh Cuen and Venezuelan journalist Javier Bastardo talk about cryptocurrency and the media industry.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Caracas-based bitcoiner and journalist Javier Bastardo covers the crypto scene in Latin America since 2017 and has been living partially off bitcoin, thanks to BTCPay server and a variety of employers that pay in crypto, like CoinTelegraph Espanol.

“Even when I’m trying to report in an unbiased way, I’m really bullish on crypto,” Bastardo said. “Bitcoin could be useful to other Venezuelans.”

Beyond holding it as savings, many Venezuelans use cryptocurrency as the fastest way to obtain dollars. Bastardo said there is more in common between crypto readers across the Americas, both Latin America and North America, than similarities within local geographies.

“We’re talking to a very specific audience, even if I’m writing in Spanish and you’re writing in English,” Bastardo said, referring to CoinDesk writers in New York and California. “We are more connected than I would be with a person who writes about politics in Venezuela...The way they [crypto audiences] look for information is very particular to the types of viewers that we have.”

When it comes to the media, in Venezuela it is more clear to readers that journalists can be activists and that corporate media is often government propaganda. According to the Committee to Protect Journalists, at least five journalists were murdered for doing their jobs in Venezuela over the past few decades. In this context, censorship isn’t merely about ad policies or social pressure. It comes from the government and is applied directly to the communications infrastructure.

Despite the struggle to identify reliable narratives, many readers make financial decisions based on media reports and social media trends. Media production and financial markets have always been intertwined, for better or worse. This is especially true of cryptocurrency markets.

“They [crypto readers] are already against journalism, against the information industry. They have more anger about the information,” Bastardo said, describing the challenge of making media for this niche audience. “They need the narrative to keep going about adoption, about mainstream, yea, bitcoin will save us. It’s weird, because we have an active scene but it’s little.”

While the outrage associated with crypto coverage may be unique, the dynamic of media-driven markets is hardly new. After all, the financial outlet Bloomberg reportedly gave bonuses to reporters for “market-moving” stories and many American outlets offer bonuses for web traffic, which may incentivize sensationalism. These policy decisions come from the top, as with most business models, and rarely originates from the newsroom itself.

From his perspective, Bastardo said it’s unclear whether North American media, including but not limited to crypto journalism, is deliberately biased.

“I really don’t know if the things we see on CNN or CNBC are identified with some party,” he said. “We have those narratives that show Trump is a really good narratives and others that show him as a really bad President. This is a problem in the whole media industry.”

In particular, he said some crypto content creators might be “aligned” and “trying to push some agendas,” but that it’s unclear what is really going on with the overlap between journalism and cryptocurrency marketing. For example, he said people overhype and sensationalize stories of bitcoin usage in Venezuela, which can be both dehumanizing and misleading. It becomes even harder for readers to decipher because some of the most trusted sources in the crypto industry are individuals without journalistic training or oversight. This creates even more opportunities for freelancers with bold personalities, but a more challenging environment for readers seeking relatively objective information.

“We have a similar way to get information in Venezuela, but it’s worse, because we don’t really have open media,” he said. “But the crypto-related media, I don’t know if the writers are biased...I don’t know if this is true. This is only an opinion.”

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Social unrest on the one hand, “Degen Finance” on the other. Strap in for a very weird bull run.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this edition of The Breakdown’s Weekly Recap, NLW looks at the strange melange of realities interacting in the new emerging bull market.

On the one hand, bitcoin has found narrative relevance and technical importance in a world of social unrest and increased state involvement in economies and citizens’ lives.

On the other, insane financial engineering experiments are seeing three-quarters of a billion dollars in value locked up within hours before a bug sees it all go away.

In the middle, agents of chaos like new bitcoiner (and LINK-holder) Dave Portnoy.

This is going to get weirder before it gets more normal.

This week on The Breakdown:

Monday | The Latest on the Global Economy’s Most Contentious Relationship

Tuesday | Joe Rogan for Fed Chair! Feat. Hugh Hendry

Wednesday |#SupplyGate and the Battle to Frame Crypto’s Next Bull Run

Thursday | Preston Pysh on Why We’ve Entered a Fundamentally New Era of Bitcoin Accumulation

Friday | Fortnite vs. Apple and Google Is the Internet’s First ‘World War’

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What’s truly at stake is the power to shape and profit from the future of digital experiences.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Jobless claims down and retail sales up
  • The U.S. Federal Reserve is running distributed ledger technology experiments
  • The end of an era, as BitMEX begins KYC

Our main discussion: the big battle brewing between Epic Games and Apple/Google.

NLW looks at:

  • Why Fortnite got kicked off the Apple and Google app stores
  • Why Epic Games is suing in response
  • Why this was all very clearly planned by Epic Games
  • Why Apple and Google should be nervous about anti-trust
  • Why this is about a much bigger future than just a single game

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The prominent podcaster and bitcoin advocate joins The Breakdown to explain why we’re seeing a phase shift in the corporate and institutional relationship with BTC.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

The Investor’s Podcast Network cofounder Preston Pysh last recorded with The Breakdown on Black Thursday in March. As NLW and Pysh discussed the potential of future currency crises, bitcoin smashed all the way below $4,000.

In the five months since, bitcoin has risen 200%. It has attracted the devotion of leading hedge funders such as Paul Tudor Jones II and more recently has become the reserve asset of choice of at least one publicly listed company.

Preston and NLW discuss:

  • The significance of halving coinciding with central bank printing
  • The inevitability of negative interest rates
  • Why it’s the dollar, not the stock market, that is inversely correlated with the price of bitcoin
  • Why Preston believes in the stock-to-flow model
  • Who pays the price for inevitable currency debasement
  • Why we’re dramatically underestimating the precedent set by MicroStrategy’s $250,000,000 cash-for-bitcoin reserve switch
  • Why MicroStrategy will be worth 10 times what it is today a year from now

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Why the ether supply dust-up was about much more than the supply of ether.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • WSJ study finds TikTok was tracking data in a way that broke Android rules
  • The latest Core Inflation statistics
  • MicroStrategy stocks pops 10% after cash to bitcoin announcement

Our main discussion: What’s the Ethereum #SupplyGate really about

NLW breaks down:

  • The historical narratives bitcoiners and ether advocates hold relative to one another
  • The history of dominant narratives in crypto over the last three years
  • Why the next bull market is poised for a twin narrative combining bitcoin as a hedge against fiat debasement and DeFi as a money-making sandbox
  • What happened with #SupplyGate
  • Why #SupplyGate is as much about narrative competition as it is about the supply of ether

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A former hedge fund manager and financial dissident gives his take on what ails the U.S. economy and why the Federal Reserve should be more, not less, irresponsible.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • A public company has switched $250 million in cash reserves to bitcoin
  • The latest in the vaccine rumor trade with Vladimir Putin’s propaganda play
  • Hong Kongers use the stock market to protest

Our main conversation is with former hedge fund manager Hugh Hendry.

After a few years of focusing on a “volatility at the end of the world trade” in property development in St. Barth’s, the constant contrarian Hugh Hendry has returned to the macro world in a big way.

In this conversation, we discuss:

  • Why Hugh left macro, and why he came back
  • How he lost three years being angry at the Fed
  • How he came to be bullish on equities in 2012
  • How money managers become trapped by narratives
  • Why the Fed should actually be less, not more, conservative
  • Why we need someone like Joe Rogan as Fed chair

Find out guest online:

Website: hughhendryofficial.com

Twitter: @hendry_hugh

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China and the U.S. trade high-profile sanctions, but the real impact is showing up in banks and on the Hong Kong stock market.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Grayscale launches national digital asset TV ad campaign
  • Rough times for oil as Saudi Aramco sees 73% decline in revenue
  • Kodak crashes as government grant paused amid allegations of impropriety

Our main conversation is a look at the latest skirmishes between the United States and China, including:

  • U.S. sanctions on Hong Kong leaders including Carrie Lam
  • Retaliatory Chinese sanctions on U.S. politicians
  • The arrest of a pro-democracy Hong Kong media tycoon
  • Arrest warrants issued for six foreign Hong Kong democracy advocates
  • President Trump signs executive orders targeting TikTok and WeChat
  • Twitter enters the race to buy TikTok before the Executive Order ban takes effect
  • Impact on banks, the Hong Kong stock market and Huawei

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Long Reads Sunday features excerpts about public and private markets, the new bitcoin bull market, and DJ Marshmello.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this week’s Long Reads Sunday, NLW reads three pieces:

Public Markets Don’t Matter Like They Used To - Matt Levine in Bloomberg

A look at how public markets are less and less about accessing new capital and more about narrative and liquidity for early investors.

Two Reasons Crypto’s Bull Market Is Coming - Anil Lulla on CoinDesk

The next bull market isn’t just about the bitcoin-dollar devaluation narrative but about decentralized finance providing a solid place to redeploy existing crypto capital.

The Business Behind Marshmello - Kevin Lee on Twitter

The unlikely story of the world’s second-highest paid DJ, including a bet on anonymity, a viral billboard making fun of Instagram influencers, and a cultural cooking channel on YouTube.

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From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

This week’s Breakdown Weekly Recap is all about that vibe you’ve been feeling - that inescapable notion a new crypto bull market is afoot.

NLW looks at the evidence:

  • Rising gold price
  • Recirculation of crypto money out of zombie protocols
  • New growth in small holder addresses
  • Demand from emerging market p2p markets

It’s just possible this new bull market isn’t just starting to be seen in narratives, but is also showing up in numbers.

This week on The Breakdown:

Monday | Rage Against the Economic Machine: The Best of the Breakdown July 2020

Tuesday | Can Social Media Be Redeemed? Feat. Bobby Goodlatte

Wednesday |Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar

Thursday | The History, Present and Future of Central Banks, Feat. George Selgin

Friday | 11 Numbers That Tell the Story of the Economy Right Now

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From the price of coffee to the national debt as a percentage of GDP, these 11 numbers provide a picture of a fast changing global economy.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Mainstream financial media loves reporting the stock market like it's the only economic indicator that matters. On this episode, NLW breaks down 11 numbers that together tell a much more complete story, including:

  • Record price of gold
  • Square’s bitcoin revenue
  • National debt as a percentage of GDP
  • Fall of the Turkish lira
  • Price of coffee, sugar and cocoa
  • Housing in auto demand
  • Anti-Chinese sentiment in the U.S.

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The Director of the Cato Institute's Center for Monetary and Financial Alternatives gives an eye-opening, 200-year history of today’s most powerful economic institution.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Better news in the jobless claims this week
  • A new bitcoin adoption cycle?
  • Checking on Lebanon

Our main conversation is with Dr. George Selgin.

Dr. Selgin is a Senior Fellow and director of the Cato Institute's Center for Monetary and Financial Alternatives as well as Professor Emeritus of Economics at the University of Georgia.

In this eye-opening conversation, he and NLW go deep on the history, present and future of central banks, including:

  • Why the Scottish and Canadian banking systems in the 19th century show that central banks aren’t a prerequisite for stability
  • Why the U.S. “free banking” system wasn’t free at all
  • Why the instability in the late 19th century U.S. banking system was caused by regulation, not the lack of a Federal Reserve
  • Why the Fed’s first decades were a disaster
  • Why the Fed gets more power when it underperforms
  • The problems with the Fed’s response to 2008
  • What lessons the Fed could have learned (but didn’t) between the Great Financial Crisis and COVID-19

Find our guest online:

Website: Alt-M.org

Twitter: @GeorgeSelgin

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One of the realest people in financial media joins for a conversation about where the economy really is and where it’s headed.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Robinhood doubles quarterly trading revenue
  • Square did $875 billion in bitcoin revenue in Q2 - up 600% YoY
  • ADP report: 167,000 jobs added in July (instead of expected 1.2 million)

Our main conversation is with Hedgeye CEO Keith McCullough.

Before building Hedgeye into a “no-excuses provider of real-time investment research and a premier online financial media company,” Keith worked at hedge funds including Carlyle Blue Wave Partners hedge fund, Magnetar Capital, Falconhenge Partners and Dawson Herman Capital Management.

In this conversation, he and NLW discuss:

  • Hedgeye’s “Full Cycle Investing” approach and GIP (Growth, Inflation, Policy) methodology
  • How the economy was in a period of slowing growth and slowing inflation before COVID-19
  • How we’ve moved into a stagflation period in response to the money printing prompted by the crisis
  • Why bitcoin, gold, emerging market stocks and commodities are likely to thrive in this environment
  • Why most narratives are BS
  • Why the “Old Wall” media distracts rather than educates

Check out our guest online:

Website: Hedgeye.com

Twitter: @KeithMcCullough

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An early Facebook product designer-turned angel investor discusses how social media has changed and whether it can be changed again for the better.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • President Trump wants a cut of the TikTok deal
  • Previewing this week’s COVID-19 vaccine trade
  • Dave Portnoy breaks into bitcoin

Our main conversation is with Bobby Goodlatte.

Bobby is the founder of Form Capital, a new seed investment firm that focuses on supporting portfolio companies with value-add design.

Bobby was an early employee at Facebook and has been an active angel investor since 2012, with investments that include Coinbase.

In this conversation, he and NLW discuss:

  • The early days of Facebook
  • Why angel investors don’t like new angel investors to get involved
  • How Silicon Valley reflects larger questions of equity valuations
  • How social media has changed over the last decade
  • Why politics is now “downstream from algorithms”
  • Why there are still possibilities to build new social networks
  • Why today’s social networks could make different decisions that would be better for the world.

Find our guest online:

Website: Form Capital

Twitter: @rsg

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Working with open source software changes the development process, according to this researcher who interviewed hundreds of technologists across projects.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

There are people who understand bitcoin yet aren’t obsessively bullish on it. (I know, it’s weird. Like, how?)

Eghbal, a Protocol Labs alum who is familiar with bitcoin, is among them. She described bitcoin as a rare example of a project growing throughout a decade and continuing. Many people measure growth in terms of unique contributors, users or profits. For Eghbal, she said looking at different types of “activity” might offer a better spectrum.

“Measuring activity is maybe a better way to think about project health...some projects also don’t need to be as actively developed as others,” Eghbal said. “I was also looking at things like maintainers’ responsiveness.”

In short, are problems promptly fixed before they affect users? The quality of contributions should be evaluated in addition to the sheer number of contributors. Do the people who use the software get unique value from it when they need it?

Another useful metric, she said, can be “work done,” including “how many pull requests are being merged or how many issues are being closed.”

And, luckily, Eghbal isn’t the only researcher who understands bitcoin without being “active” in the “Bitcoin community.” (To be fair, I use these silly words more than anyone.) Privacy tech legend Claudia Diaz, Nym’s chief technologist, said she believes there could be value in cryptocurrency projects, although that’s not her focus nor passion.

“Cryptocurrency offers an option for the people who use the systems to fund them,” Diaz said. “I’m interested in making systems that make sense and self-sustain because everyone has the right incentives.”

Incentives

There are many different types of value people derive from open source software projects.

Sometimes they use the software, sometimes they use public work to develop their own personal brand. Eghbal said some of the most widely sought after engineers are “building an active fanbase for whatever they are creating.”

She added there are “different types of open source projects” with passionate fandoms, like Rust, plus open source developers have “a lot in common” with other types of online content creators. These public displays can lead to dramatic Twitter feuds and heated rivalries, just like other personality-driven roles like TikTok stars and podcasters.

“I’ve been told so many things are definitely, absolutely true, yet are all conflicting with each other,” Eghbal said of her research. “If I’ve learned anything it’s that developers have opinions.”

This is why Diaz’s token-funded startup, Nym, is developing a privacy layer comparable to Tor, the latter of which she said is heavily reliant on government funding. In contrast, her startup Nym raised $2.5 million in a private token sale in 2019.

“Tor offers different trade-offs,” Diaz said. “We built Nym and the applications on top can be messaging applications or cryptocurrency applications...using the infrastructure to protect their metadata in the sense the network can’t figure out what services you are accessing or what they might be doing with those services.”

Motivations

Diaz considers herself somewhat of an outsider to the open source developer community, like Eghbal. Their motivations are primarily research-oriented, because research is their job.

Nym co-founders like Harry Halpin have more experience in (ideological) open source software development. Even coming from different perspectives, Halpin, Diaz and Eghbal all agreed that collaboration and interdependence are the crux of the open source development process.

“Now instead of relying on a couple of other developers’ code you may now be relying on hundreds of thousands of people’s projects and you don’t even know who these people are,” Eghbal said.

As such, Halpin said Nym works closely with teams contributing to other open source projects, like Rust, Cosmos and Zcash. In addition, his team often works with independent (quasi-celebrity) developers like Amir Taaki. Sometimes people contribute as a hobbyist or a user with specific needs, other times they are paid. There are many reasons why people work on cryptocurrency projects.

“I think it would be great to have an infrastructure that could support privacy in a variety of applications,” Diaz said. “Cryptocurrency offers an option for the people who use the systems to fund them...Privacy technologies have been very difficult to market.”

On the other hand, Eghbal described bitcoin as moving more slowly than some other cryptocurrency projects.

“Trying to prioritize stability is a very different development style rather than allowing people to have lots and lots of features,” Eghbal said, describing Bitcoin as relatively “stable.”

And even if the price of the asset never goes “to the moon,” perhaps continuing to provide reliable software tools can be a metric of success in itself.

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A recap show on wealth inequality, stock markets and taking it back featuring Jill Carlson, Michael Krieger, Daniel Lacalle, George Gammon and more.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • The TikTok-Microsoft Deal
  • The Twitter hacker was 17
  • A changing of the guard for crypto hedge funds

Our main discussion: recapping the best interviews of July 2020

Despite a huge variety of perspectives and experiences, one theme shown through in Breakdown conversations in July: the disparity between the stock market and the real economy and a growing unwillingness of people to accept their place in the order.

This show features clips from:

  • George Gammon - @GeorgeGammon
  • Daniel Lacalle - @dlacalle_IA
  • George Goncalves - @bondstrategist
  • Sahil Bloom - @SahilBloom
  • Tyrone Ross - @TR401
  • Tony Greer - @TgMacro
  • Jill Carlson - @jillruthcarlson
  • Michael Krieger - @LibertyBlitz
  • Sergey Nazarov - @SergeyNazarov

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A reading of Meltem Demirors new essay “Unintended Architecture” asks some key questions about intention setting for the future of Bitcoin.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Bitcoin started as a rebellious, anti-establishment technology. In many parts of the world, and for many people, it remains exactly that.

At the same time, however, there is a wave of traditionalists and institutional players moving into the space.

Are they buying into the revolution, or are they trying to capture value while fitting the disruption into a box that maintains the current power structure they lead?

Those are the key questions explored by Meltem Demirors in her new essay “Unintended Architecture.” The piece is our selection for this week’s “Long Reads Sunday.”

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From the size of a second round of stimulus to COVID-19 litigation to reshoring, last week previewed some key issues for the months to come.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this week’s edition of The Breakdown Weekly Recap, NLW argues the big story of the week was actually a set of smaller stories that preview the faultlines and economic debates likely to absorb us in the coming months.

These include:

  • The Federal Reserve signaling that fiscal stimulus needs to do more
  • The beginning of the battles on fiscal stimulus
  • The introduction of the “not safe to vote” narrative
  • The Big Tech vs. The World fight
  • The beginning of coronavirus lawsuits
  • Back to school
  • Jobless claims getting worse
  • Kodak and reshoring

This week on The Breakdown:

Monday | SPACs 101: A Bubble, the Future or Both?

Tuesday | How Real Is Bitcoin’s Rally? 8 Interpretations of Bitcoin’s Massive Surge

Wednesday | How DeFi Could Disrupt Traditional Finance, Feat. Sergey Nazarov

Thursday | The Bond Market Is the Truth Teller No One Heeds, Feat. George Goncalves

Friday | What a Professional Trader Thinks of the Fed, Robinhood and Real Estate, Feat. Tony Greer

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Chaturbate executive Shirely Lara is a sex industry veteran who sees bitcoin as a crucial part of her business. The bitcoin-friendly porn executive talks with CoinDesk reporter Leigh Cuen about bitcoin, sex and feminism.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Chaturbate COO Shirley Lara, one of the most experienced platform executives in the adult content industry, has been keen on bitcoin’s potential since 2018.

“We accept 20 different cryptocurrencies for token purchases. The most popular ones are bitcoin, ethereum and litecoin,” Lara said.

Experts, including Lara, estimate there “thousands and thousands” of cam girls working across platforms like OnlyFan and Chaturbate at any given time. That dwarfs the incumbent porn industry. Today, OnlyFans alone is estimated to have 60,000 content creator accounts and millions of registered viewers, despite some criticism from sex workers on Twitter.

Many of the leading sex industry corporations, like OnlyFans, Chaturbate and MindGeek, appear to be owned by (relatively secretive) men, who are far removed from the public performers. Lara, who joined Chaturbate in 2011, is one of the rare examples of a woman who worked her way up to the executive level without first creating a personal porn star brand. Her work is primarily technical and operational.

“I don’t think crypto is a trend. I think it’s definitely here to stay,” Lara said, noting the steady incline of bitcoin usage among performers in Colombia and Romania. “They’ll use cryptocurrency as a way to jump on [Chaturbate] and get started while they figure out the banking stuff.”

Meanwhile, her global operations allow performers like Honey Li, in Europe, to stack sats through Chaturbate. Li said a little bit of her earnings, in addition to whatever she needs to pay bills, is set aside as bitcoin savings. For Lara, having this choice was crucial to the platform’s crypto integrations.

“You asked if we hold on to bitcoin? We don’t. We cash out. But our broadcasters do (hodl), and I think that is so smart,” Lara said.

With porn production stalled or canceled in hubs like Miami, Las Vegas and Los Angeles, the entire sex industry is shifting geographies.

More performers are relying on social media to broadcast from home. Bitcoin may now offer a different use case for platform performers versus high-end escorts, for example. The sex industry is hardly a monolith.

Tech tools

While social porn platforms inspire more mainstream content creators to dabble in adult themes, this further divides in-person service providers and filmmakers.

One such provider, Nina Mona, has been using bitcoin in the sex industry for two years. For her, she emphasizes bitcoin privacy tech, which would be irrelevant for users who already submit know-your-customer information to a central platform. She uses bitcoin to accept payments and also to pay advertisers without sharing her credit card information.

“I noticed a wave of OnlyFans signups when in-person work became less viable. I considered it, but don’t think the return is worth the workload or risk of exposure for me,” Mona said. “It seems safer to limit myself to a small set of screened clients than to share compromising material with a broader and less invested audience. Every set of eyeballs is an additional threat.”

In the United States, Mona said most clients that book sessions with bitcoin resided in the Bay Area, Los Angeles or New York. Now that COVID-19 sparked some domestic migration, it’s unclear how this will impact sex workers who focused on urban hubs. For some, this means more travel and extremely selective bookings.

Performers and escorts may both operate their own wallets, even if they use platforms like OnlyFans or Chaturbate, especially to receive gifts and tributes from afar. Plus, Lara said the teledildonics trend, where internet-connected sex toys can be set to vibrate when their accounts receive payments, create new opportunities for clients to incorporate money into their fantasies.

“There’s this whole teledildonics spectrum that is growing in popularity,” she said. Li agreed with Lara, especially because there are toys for both genders that can be used in synchronized ways.

“I use teledildonic toys for work, basically every shift!” Li said. “They're tip-activated when I work...You can also sync the vibrations up to a spotify account or a voice note sent by your partner.”

Slow growth

Mainstream platforms like Chaturbate and the competitor FanCentro already accept cryptocurrency and have been working with it for years. Usage is niche, yet steady.

Many sex workers say a direct transaction and relationship is more profitable than payment facilitated by a platform. Chaturbate, for example, charges nearly half of the performer’s earnings. It provides a valuable service, but clients will need to be willing to pay in bitcoin if the performer aims to graduate to her own independent site.

“If we’re headed that way, it’s going to be a long time before we hit that milestone, because of the different governance in each country,” Lara said.

One FanCentro user and crypto owner, who goes by the alias WesMan83, said he would be happy to pay a sex worker directly in crypto if she preferred. He finds erotic service-providers that suit him using mainstream platforms like Twitter and OnlyFans, as well as personal recommendations from other clients and providers.

“I think it's important for people to understand that sex workers deserve to be paid for what they do and there is nothing wrong with what they do,” WesMan83 said. “They provide an entertainment service and work very hard for what they create. I think it's important that those of us who are proud to pay, help remove the stigma surrounding it.”

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The editor of the Morning Navigator newsletter discusses a variety of macro topics and how to trade against a very strange market.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • The DXY hits a 52-week low
  • Consumers seeking alternatives to cash
  • Bank of England rebuilds settlement system to work with CBDCs

Our main conversation is with trader and analyst Tony Greer. In this conversation, he and NLW discuss:

  • The Federal Reserve’s role in increasing inequality
  • How the Robinhood crowd differs from the 1999 bubble
  • Why high-frequency traders might be the real villains when it comes to the retail bubble
  • Why gold is surging even though the dollar remains fundamentally sound
  • How to navigate the disparity between markets and the real economy
  • Why real estate is doing well even as the economy is floundering

Find our guest online:

Website: tgmacro.com

Twitter: @TgMacro

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A veteran bond strategist gives his take on why the bond market has a better read than equities on short-term and long-term macro trends.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • More bad news from jobless claims and the GDP
  • The big tech hearing was a whole bunch of nothing; watch TikTok instead
  • Robinhood dives into Kodak (but so do illegal insider traders)

Our main conversation is with independent bond strategist George Goncalves.

We discuss:

  • How the bond market watches Federal Reserve meetings
  • What, if anything, was new about this week’s FOMC meeting
  • What it means that the bond market and equities market tell different stories
  • Why the bond market has been telling a long-term story of slowing growth
  • Whether institutional investors are actually moving away from government debt and into gold
  • Why Judy Shelton should have a place on the Federal Reserve

Find our guest online:

Twitter: @bondstrategist

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Today on the Brief:

  • Big tech goes to Washington
  • The debate on the next COVID-19 relief act heats up
  • More on institutional investors’ move into gold

This episode is sponsored by Bitstamp and Crypto.com.

“Imagine a world without counterparty risk.”

That was Chainlink co-founder Sergey Nazarov’s answer when asked to describe the true disruption of decentralized finance to a traditional finance audience.

On this episode of The Breakdown, Sergey and NLW discuss:

  • Brand-based contracts vs. math-based contracts
  • The history of smart contracts
  • What it means to build an “abstraction layer” for “universally connected smart contracts”
  • Key moments in the history of smart contract infrastructure
  • Where smart contracts and DeFi are in terms of analogies to the early internet
  • Why Sergey believes traditional finance will inevitably shift to a math-based contract model

Find our guest online:

Website: Chainlink

Twitter: @SergeyNazarov

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As bitcoin retraces slightly after reaching a new 2020 high about $11,000, NLW explores what’s driving the rally and how likely it is to continue.

This episode is sponsored by Bitstamp and Crypto.com.

It was a beautiful Monday.

Bitcoin crashed through $10,000 and got all the way up to a new yearly high of about $11,000 before retracing slightly.

As with any dramatic price action, people were quick to start giving their interpretations of why it happened.

In this episode, NLW explains eight of those interpretations, including:

  • Banks stacking due to changes in custody rules
  • Money printer go brrr
  • Stock to flow model
  • Robinhood traders piling in
  • DeFi gain recycling
  • Buyers exceeding sellers
  • “Perfect storm”
  • Dollar crash, negative real interest rates and the search for a new reserve currency

Ultimately, NLW argues that it is this last factor driving up not only bitcoin but gold and silver.

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A primer on, and critical look at, one of Wall Street’s hottest trends: special purpose acquisition companies.

This episode is sponsored by Bitstamp and Crypto.com.

Special purpose acquisition companies have been around since the 1990s, but have seen a significant uptick in popularity in recent years. Companies like Virgin Galactic, Draft Kings and Nikola have changed SPAC’s reputation from a tool for second- and third-tier private equity shops to win fees to a legitimate alternative to initial public offerings. In 2020, SPACs have made up roughly 40% of the IPO market.

Recently, chatter around SPACs reached a fever pitch with the listing of Bill Ackman’s Pershing Square Tontine Holdings - the largest-ever SPAC.

In this episode, NLW breaks down:

  • What a SPAC is
  • Standard SPAC terms
  • Why the traditional IPO process has generated growing discontent, especially from Silicon Valley
  • The benefits of SPACs for companies and investors
  • The downsides of SPACs for companies and investors
  • A number of reasons explaining why SPAC popularity is surging now
  • How Robinhood retail traders are creating an important bridge buyer for SPACs
  • Why Ackman’s Tontine Holdings SPAC could change how we think about SPACs in the future
  • Are SPACs a bubble?

Cited resources:

SPAC Man Begins - Alex Danco

SPACs as a Call Option on Hype - Bryne Hobart

SPACs: the most ludicrous bubble we’ll ever see… why not $IAC? - Yet Another Value Blog

Return of the SPAC - John Street Capital

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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To KYC or not to KYC? In this episode, CoinDesk’s Anna Baydakova talks to Hodl Hodl and Bisq, two non-custodial, no-KYC bitcoin exchanges.

This episode is sponsored by Bitstamp and Crypto.com.

One year ago, the Financial Action Task Force, the global anti-money laundering watchdog, ruled that crypto transactions data should be controllable, and ever since the question has been not if you KYC your users but how you do it.

However, not all bitcoiners have surrendered to this norm. Hodl Hodl and Bisq don’t provide centralized custody and don’t check user’s identity. They also don’t employ the blockchain tracing tools to block the “tainted” coins (blacklisted as coming from illicit activities), which became a must for major exchanges these days.

What comes with this? A chance to buy and sell bitcoin without revealing your identity, as well as much more responsibility over how you buy and store your crypto. Max Keidun, the CEO of Hodl Hodl, and Steve Jain, contributor to Bisq, dig into why in the times of crypto-compliance people still might need (or maybe just lawfully want) to keep their bitcoin deals to themselves.

See also: P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet Users

There are more questions to arise from such an old-school-cypherpunk situation: how can you make sure you don’t get scammed at these p2p platforms? What do you do if you buy “tainted” coins blacklisted by the FATF-abiding exchanges and vendors?

Max and Steve share their takes on this, and the main explanation is probably: “everything has a price.” Including freedom from surveillance and data leaks.

We also touch the matter of decentralization that is important to both Hodl Hodl and Bisq. Hodl Hodl is planning to open-source itself, so that everyone can clone and run their own p2p bitcoin exchange in case the regulators go after Keidun and his team. And Bisq has gone full decentralized last year when it turned all its decision making over to a DAO.

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This Long Reads Sunday is a reading of Adam Tooze’ recent review of four books on the growing conflict between the U.S. and China.

This episode is sponsored by Bitstamp and Crypto.com.

This week on Long Reads Sunday, our selection is “Whose Century?” by Adam Tooze in the London Review of Books.

Nominally a review of four recent scholarly works on the conflict between the U.S. and China, Tooze main argument is that the central problem with viewing this as a new Cold War is the idea that it is new.

Instead, we need to understand that, contra Fukuyama’s famous essay, history didn’t end with the fall of the Berlin Wall – at least not for the Chinese. What’s more, the narrative of having “won” the Cold War fails to take into account the West’s spectacular failures in Asia.

Only by reframing our understanding can we make sense of the most important geopolitical conflict of the coming century.

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Beyond Crypto, OnlyFans Star Savannah Solo Talks About Money

Sex workers are starting their own businesses and working online, thanks to social media, according to this adult content creator.

In this audio interview, CoinDesk’s Leigh Cuen and OnlyFans performer Savannah Solo talk about fintech and the sex industry. From distribution platforms to Twitter and bitcoin, she helps break down what sex workers really need from digital tools.

This episode is sponsored by Bitstamp and Crypto.com.

Savannah Solo started her OnlyFans account in January 2020 and within a few months became one of the top earners on the platform in her category.

She’s never used bitcoin before because she relies on platforms like OnlyFans and Cash App for regular banking services. She said some performers have been temporarily deplatformed or lost access to their funds, but she’s been lucky so far. She often works a 16-hour day during these first few months of building her business.

“The market got super, super saturated during quarantine...they [OnlyFans performers] were having trouble getting any subscribers at all,” Solo said. “In my first month, in January, I only made $80.”

There’s a common misconception that sex workers are now making much more money than before the coronavirus crisis. Both Solo and fellow sex worker Honey Li agreed the brief flurry of new customers settled down in the spring and that summer has been a particularly slow season.

Nobody is saying they are making more because of the pandemic,” Li said. “There’s a lot more new models….as for the blue collar guys that tip you, a lot of them have lost their jobs.”

Li prefers the camming site Chaturbate, instead of OnlyFans. Chaturbate charges performers nearly half of their earnings to use the site, much higher than the 20% charge from OnlyFans. But Chaturbate offers a feature that Li prefers; customers can pay in cryptocurrency and performers can cash out in bitcoin. The site still acts as a middleman, but at least Li can choose her currency.

“My customer base is mostly American, so there are instances where bitcoin is more useful for me, especially when I’m traveling,” said Li, who is based in Europe.

Bitcoin tippers

Li said some Chaturbate performers, like her, take a fraction of their earnings in bitcoin if they make extra that month. This is regardless of whether the customer paid in bitcoin, since the payment is to the platform anyway.

In addition to cashing out from the performance platform in bitcoin, Li also uses personal wallets to accept money directly from fans. Over the past year four clients tipped her in bitcoin. Yet that minority can have a large impact.

“Customers that give money directly tend to be regulars, really big fans...5% of my customers make up 90% of my income,” Li said. “There’s not a lot of people that accept bitcoin from clients directly, but I do know some findommes [financial dominatrix] who do. For a birthday gift, for example, I’ll be like cool here’s my wallet.”

Solo said she also earns the majority of her income from a few big tippers, although she hasn’t been offered bitcoin yet. She’s still trying to manage some of the technical basics of running her own business.

“The platforms do extremely little work to help you out,” Solo said. “There is no [tech] support.”

Tech support

There are a variety of tech-savvy sex workers creating their own bitcoin-friendly platforms and teaching each other how to use various technologies.

For example, an escort booking consultant named Jo, who has been helping sex workers garner and screen clients for two years, said a few women paid her in 2019 to help them use bitcoin. The bitcoin advertising campaign lasted for a few months, on a website that only accepts bitcoin. This is generally uncommon. Jo said it was a hassle.

“I think a lot of girls in this industry want to protect their identity. However, it [bitcoin] is not the most user-friendly thing,” Jo said about the returns for time spent using bitcoin. “It was pretty dead for a while [bookings]. Business has come back, but it’s slower than usual.”

Solo also noticed the imbalance of supply and demand this summer across the sex industry. She said she usually turns to other performers for tech support and doesn’t know of other consulting options for sex workers. Performers like her generally rely on platforms like Twitter, Instagram, OnlyFans and Chaturbate to advertise their brands. Converting casual tippers into direct customers is the hardest part of the business. Until they do, performers like Solo struggle to deal with refund issues like chargebacks.

“That’s a huge issue,” Solo said about chargebacks. “People send sex workers money...then the person can call their bank, have it back-charged, and all of the money comes out of the sex worker’s account.”

“That’s such a nightmare and it happens all the time,” she added. “People get free service out of that and it’s super gross.”

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The Breakdown Weekly Recap covers growing US-China tensions, worsening job numbers and the next casual $1T-$3T in stimulus.

This episode is sponsored by Bitstamp and Crypto.com.

This week on the Breakdown Weekly Recap, NLW covers:

  • A terrible week for U.S.-China tensions, with dueling consulate closures and a strikingly hawkish speech from U.S. Secretary of State Mike Pompeo
  • Worsening economic indicators, particularly around jobless claims which saw their first weekly rise in four months
  • The likely size of the next U.S. stimulus bill – $1T to $3T.

This week on The Breakdown:

Monday | What Is GPT-3 and Should We Be Terrified?

Tuesday | What’s Behind the Fed’s New Push to Promote Inflation?

Wednesday | A Simple Explanation of DeFi and Yield Farming Using Actual Human Words

Thursday | Will Big Tech Enable or Destroy Small Business? Feat. Sahil Bloom

Friday | Could the European Recovery Plan Actually Break Europe Apart?

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The EU’s Recovery Plan agreement has been widely hailed, but some argue that it is taking Europe down a dangerous path.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • Which industries are recovering the best
  • China retaliates against U.S. after consulate shutdown
  • Dollar heads toward its worst month since 2018

Our main discussion features returning guest Tuomas Malinen, CEO of GnS Economics.

In this discussion, Tuomas and NLW discuss:

  • An outline of the European Union’s new recovery plan
  • The new debt issuance structure that marks a first for Europe
  • The challenges of currency unions
  • How Europe’s debt crisis changed how Europeans think about economic integration
  • Why the current plan amounts to “stealth federalization”
  • Why some member states are in a state of mutiny over the fund

Find our guest online:

Website: GnS Economics

Twitter: @mtmalinen

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More than 50% of COVID-19 related business closures in the US are now permanent. Can tech platforms provide a new avenue for small biz entrepreneurship?

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • Disappointing jobless claim numbers with first increase in 4 months
  • US banks now allows to custody crypto
  • Senate hears arguments for a digital dollar in the context of US-China economic competition

Our main conversation with Sahil Bloom

Sahil Bloom is an investor with Altamont Capital Partners and a prolific author of financial literacy Twitter threads.

In this conversation, he and NLW discuss:

  • Today’s jobless claims
  • Long term economic impacts from COVID in the travel industry
  • “Forced efficiency realization”
  • How remote work opens white collar professionals to global competition
  • Whether tech platforms are a destructive or enabling force for small business
  • Why financial education is essential and sorely lacking
  • Why the Robinhood rally crowd represents a positive opportunity for bringing new voices into the markets

Find our guest on Twitter: @sahilbloom

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A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • US Gov’t forces China’s Houston consulate to close
  • US previously-owned housing market grows 20.7% May to June
  • Insider stock selling reaches record levels

Our main discussion: DeFi 101

Today’s episode of The Breakdown is a primer for anyone who has lost track of the terminology surrounding decentralized finance. In it, NLW goes over:

  • DeFi’s background and origins
  • Market making in a traditional context
  • Automated market making
  • How liquidity mining incentives economic participation
  • How decentralized exchanges differ from centralized exchanges
  • What “yield farming” actually means
  • Why we shouldn’t be concerned about the Yield Farming bubble

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Why the Fed’s strategy on inflation is changing and why the definition used by America’s central bank may be hurting regular people.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • EU leaders agree on $2 billion stimulus package
  • LinkedIn job cuts show weakness in the professional sector
  • Has DeFi jumped the shark?

Our main discussion: The Fed’s changing inflation strategy

University of Oregon professor and Bloomberg columnist Tim Duy recently penned a piece called “The Fed Is Setting the Stage for a Major Policy Change” arguing that we’re likely to see more inflation, promoted by the Fed.

In this episode, NLW breaks down:

  • Why the Fed is turning away from its traditional inflation forecasting method
  • Why the Fed is likely to let real inflation hit 2% before doing anything
  • Why some are calling the move “simply asinine”
  • Why some think the Fed is full of hot air and has no power to actually create inflation
  • Why the Fed is trapped by its definition of inflation

Audio clip featuring Alhambra Investments head of research Jeffrey Snider in an interview with Emil Kalinowski.

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The internet is alive with demos of what the latest artificial intelligence language model can do. Should we be nervous?

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • Mastercard, Standard Chartered and PayPal all deepen their engagement with crypto
  • Japan inches closer to a central bank digital currency
  • The real estate “doom trade” opens up

Our main discussion: GPT-3

Generative pertained transformer-3 – or GPT-3 as it’s better known – absolutely took over the internet this weekend.

It’s a new AI language model that can do some truly incredible things, from writing poetry to composing business memos to generating functioning code from natural language descriptions.

In this episode of the Breakdown, NLW provides a 101-level overview of GPT-3, including:

  • What an AI language model is
  • Why AI for language is more difficult than image-based AI
  • The background of OpenAI, the Elon Musk-backed project behind GPT-3
  • Some examples of what GPT-3 can do
  • Why reasoning and narrative still elude the technology

Reference posts:

GPT-3 Examples, a Twitter Thread

Jonathan Johnson on AI Language Models

Rob Teows: GPT-3 Is Amazing – And Overhyped

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Long Reads Sunday features two essays previously published on CoinDesk that show the trajectory of stablecoins in the global economy in 2020.

This episode is sponsored by Bitstamp and Crypto.com.

On this week’s Long Reads Sunday, we look at two essays about stablecoins previously published on CoinDesk.

The first is called “USD Stablecoins Are Surging, but Zero Interest Rates Complicate Business Model” by Hasu and was one of the first pieces to recognize that demand was coming not just from the crypto space but from emerging markets facing crisis time currency pressures.

The second is “Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars” from Pascal Hügli. The piece argues that stablecoins are likely to play an increasingly important role in the global economy. In effect, they are a better version of the critical eurodollar system.

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Bitcoin days destroyed (BDD) was first introduced as a concept back in 2011. At the time, it had only been two years since the creation of the world’s first cryptocurrency, bitcoin. Individuals were already beginning to innovate ways to measure on-chain transaction activity and value.

This episode is sponsored by Bitstamp and Crypto.com.

As the first cryptocurrency metric to be created, BDD was quickly followed by a plethora of other unique metrics including unspent transaction output (UTXO), market value to realized value (MVRV) and spent output profit ratio (SOPR). Despite the sophistication of cryptocurrency data and analysis since 2011, BDD remains a fundamental metric to understanding and valuing bitcoin.

See also: Coin Days Destroyed: Giving Meaning to Transaction Volumes

“[BDD] is a metric that reflects the collective action of long-term [BTC] holders,” said CoinDesk senior research analyst Galen Moore on a special podcast episode about the metric. “What’s the psychology of the long-term holder? You can see that in a collective way [through BDD] in a way I don’t think is possible in other asset categories.”

Moore interviewed Coin Metrics’ Lucas Nuzzi on Tuesday, July 7, to learn more about the use cases for and limitations against BDD. In a follow-up discussion about the interview recorded Thursday, July 9, Moore noted no other financial asset enables traders and investors to see the activity of long-term asset holders as transparently as bitcoin.

To this, CoinDesk research intern Duy Nguyen noted the motivations behind why long-term holders are moving funds at any given time is still largely a guessing game that requires further off-chain analysis beyond the scope of BDD.

For more information about BDD, you can watch the 30-minute webinar featuring an exclusive presentation on the metric by Nuzzi on the CoinDesk Research Hub.

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From PayPal crypto confirmed to action in central bank digital currencies, these were six themes shaping the week.

This episode is sponsored by Bitstamp and Crypto.com.

On this edition of the Weekly Recap, NLW explores:

  • No-volatility bitcoin and DeFi’s big quarter
  • An uptick in central bank currency action
  • PayPal crypto confirmation
  • A China-U.S. rhetoric flare up
  • Social media as democracy’s fault line
  • In Fed World, is the narrative trade the only trade?

This week on The Breakdown:

Monday | The Real Story Behind Tesla’s Crazy Rally

Tuesday | Why Are Execs of Bankrupt Companies Being Rewarded With Millions?

Wednesday | A Primer on the US and China’s ‘New Cold War’

Thursday | No, the Twitter Hack Wasn’t About Bitcoin

Friday | What If the Too-Strong Dollar Is a Solved Problem? Feat. Jon Turek

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Finance writer Jon Turek argues that between Federal Reserve swap lines, Europe stabilization and a few other factors, the strong dollar problem may be (temporarily) solved.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • The latest information in the Twitter hack
  • Thailand starts using its central bank digital currency
  • Treasury Secretary Mnuchin calls on Congress for more funds

Our main conversation is with Jon Turek, author of “Cheap Convexity.”

In this conversation, he and NLW discuss:

  • Why the dollar has gotten stronger thanks to a savings glut from Asia
  • How a too-strong dollar hurts other markets more than the U.S.
  • Why globalization died in 2011 and we just didn’t realize it
  • How the Fed fixed the global dollar plumbing
  • Why there are still questions of actual dollar shortages
  • The detente in U.S.-China financial relations

Find our guest online:

Website: Cheap Convexity

Twitter: @jturek18

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The motivations and implications of a hack that had everyone from Coinbase to Kanye shilling a scam for bitcoin.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • Adjustment to bank profits in anticipation of growing debt delinquency
  • The lowest decrease in jobless claims since March
  • A boost in retail spending

Today’s main discussion: The Great Twitter Hack, feat. Dr. Tom Robinson, chief scientist and co-founder of Elliptic

Wednesday, at around 2:15 p.m. EDT, prominent Crypto Twitter accounts started sharing a similar message about a bitcoin giveaway. A couple of hours later, Elon Musk and Bill Gates were saying they were feeling generous and wanting to give bitcoin away. A couple more hours and every verified blue check mark account on Twitter was taken down.

It was an attack with massive implications, if not much monetary gain.

On this episode NLW breaks down:

  • What happened
  • Which accounts were impacted
  • How much BTC was transferred
  • The narrative battle of “bitcoin scam” vs. “Twitter hack”
  • Why it might have been a state-sponsored attack
  • Why the real intention might have been to discredit Twitter
  • Why the (supposed) revelations about Twitter’s administrative tools could end up in a congressional inquiry

Expert commentary provided by Dr. Tom Robinson. Find our guest online:

Elliptic website: Elliptic.co

Twitter: @tomrobin

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No geopolitical relationship will shape the world over the coming decade as much as that of the U.S. and China.

This episode is sponsored by Bitstamp and Crypto.com.

A day after President Trump signed the Hong Kong Autonomy Act enabling sanctions on those that threaten the autonomy of China (and the companies that do business with them) and the UK worked to ban Huawei 5G infrastructure, this episode of the Breakdown looks at the key faultlines and issues that have that relationship in a dangerous downward spiral:

  • Virus blame recriminations
  • Trade war tensions
  • The Hong Kong Security Law
  • Huawei 5G and critical digital infrastructure
  • TikTok
  • India border skirmish
  • South China Sea Military Exercises
  • The politics of labeling this a “new cold war”

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Today on the Brief:

  • A followup on Tesla, corporate earnings and PayPal’s crypto ambitions
  • New COVID-19 shutdowns in California
  • Small businesses on the brink

This episode is sponsored by Bitstamp and Crypto.com.

Our main conversation:

Bloomberg has reported recently bankrupt companies including J.C. Penney and Hertz had provided executives with more than $131,000,000 in bonuses.

On this episode of The Breakdown, NLW examines:

  • The logic behind these bonuses
  • Why that logic is stupid
  • How this sort of reward for personal failure in the wake of 2008 led to the rise of populism on the right and left
  • Why we should allow companies to fail
  • Why people’s sense that the system is a crony system isn’t wrong

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Today on the Brief:

  • Wall Street quarterly earnings season opens
  • Investor flock to higher-yielding Chinese government bonds
  • Bitcoin whales go down but other types of HODLers go up

This episode is sponsored by Bitstamp and Crypto.com.

Our main conversation: What the hell is going on with $TSLA?

Elon Musk is now richer than Warren Buffett. A year ago, Tesla wasn’t as valuable as Ford or GM. Now it’s more than 25% of the value of the auto market as a whole.

In this episode, NLW looks at a set of possible explanations:

  • Elon as a Golden God/the cult of personality
  • Tesla as an innovative tech company
  • Better-than-expected vehicle delivery
  • The mother of all short squeezes
  • Robinhood effect
  • Mr. FEDerico
  • Narrative Market Machine

In the end, NLW argues that in a world where 1) the new retail base is willing to engage in narrative and meme warfare and 2) where the Federal Reserve distorts prices, the narrative market machine becomes more of a driver of prices than ever before.

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On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The Covid Shock To The Dollar.”

This episode is sponsored by Bitstamp and Crypto.com.

In it, he argues:

  • Americans have been squandering their savings potential
  • Because of this, we are forced to borrow surplus savings from abroad
  • We have usually been able to do this on favorable terms
  • That window may be coming to a close
  • There could be a 35% drop in the dollar over the next 2-3 years

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In this audio interview, CoinDesk’s Leigh Cuen and Chaincode Labs researcher Clara Shikhelman talk about bitcoin and what attracted them to it.

This episode is sponsored by Bitstamp and Crypto.com.

As a cofounder of the Israeli Women in Mathematics Association, Shikhelman has been researching complex math problems for nearly a decade. But she said bitcoin offers especially interesting puzzles to solve because this technology may have the potential to change the world. She’s one of many young researchers who identify with the cypherpunk movement.

“There are a lot of people like me, their main thing is academic,” Shikhelman said. “They are not the classic cypherpunk people, but …[t]hey believe in privacy, in political change.”

Until recently, most people associated with the cypherpunk movement were technologists in the 1980s and 1990s who circulated mailing lists about encryption and other privacy tech topics. The term was created by feminist hackitvist Judith Milhon, although it is widely associated with software engineers such as bitcoin veteran Adam Back. Many of the original cypherpunks are still active in the cryptocurrency space today. However, they’ve also inspired a new generation of self-identified cypherpunks with different skills now also exploring the subculture’s proverb that “cypherpunks build things.”

In Shikhelman’s case, she’s focused on mathematical research to make bitcoin’s Lightning Network reliable. Like her predecessors, she shares a love of cypherpunk literature, such as novels by science fiction writer Neal Stephenson. These fantasy worlds help her think outside the box and apply math to ideas with cypherpunk potential, meaning the potential to use privacy tech to promote social change. Such solutions-oriented research is a fundamental part of building technology, just as valuable as adding open source code to a Github repo.

Lightning-fast cypherpunks

“Let’s talk big. Let’s think huge. Let’s talk about thousands of years in the future, changing humanity,” Shikhelman said.

In order to build privacy into the bitcoin ecosystem, technologists first must understand the mathematical aspects of the system. Just as safety equipment works best when it fits the person (an oversized helmet can be more dangerous than none at all), software works best when designed with both the details and holistic value flow in mind.

“Lightning will need more than just onion routing for good privacy guarantees going forward,” said cypherpunk journalist Janine Roemer, who writes a newsletter about bitcoin privacy tech. “Lightning is one of many adaptations that will expand Bitcoin's ability to carry larger and larger portions of the global economy.”

Similar to Shikhelman, Roemer is a researcher who views herself as part of the broader cypherpunk movement.

“A lowercase ‘c’ cypherpunk,” she joked, acknowledging she was never involved with the movement’s founding fathers.

This social movement is not preoccupied with overthrowing or altering governments, in stark contrast with Bitcoin Twitter’s anarchist undertones. Instead, Roemer said, rather than seizing power the movement is focused on “working to make things un-take-over-able." In short, unseizable assets, self-sovereign data and other types of independence in a digital world.

“I prefer the term ‘informational self-determination,’ which is used in the German constitution,” Roemer said.

As for bitcoin, Shikhelman described Bitcoin Core as “pretty much stable and running,” meaning her focus has now turned to privacy-centric usability for the Lightning Network. With regards to bitcoin’s reliability so far, Roemer agreed.

“I hope bitcoin will become/keep being something that survives under adversity, and gives the people who use it at least enough privacy that they can escape from whatever preys on them. Whether that's the state, banks, corporations, abusive family or partners,” Roemer concluded.

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On The Breakdown’s Weekly Recap, NLW explores:

This episode is sponsored by Bitstamp and Crypto.com.

  • The final tally on the TikTok Doge viral campaign
  • The growing geopolitical tension between China and the US and where it’s manifesting
  • Positive economic indicators in reduced jobless claims
  • Negative economic indicators in growing COVID-19 cases and deaths
  • Why bitcoin is sideways
  • Why Treasury yields are down
  • Why gold is up

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Today on the Brief:

  • Hong Kong re-closes schools based on COVID-19 growth
  • Coinbase explores direct U.S. exchange listing
  • China starts selling stock, easing massive rally

This episode is sponsored by Bitstamp and Crypto.com.

Our main conversation is with Liberty Blitzkrieg creator and editor Michael Krieger. Michael announced just before recording that he is done publishing on the LB site. He and NLW discuss:

  • How Michael became disaffected while working on Wall Street during the Great Financial Crisis
  • How Zero Hedge amplified Liberty Blitzkrieg and sent Michael on a decade-long writing path
  • How Michael discovered bitcoin and the bitcoin community in 2012
  • Why social media platforms need to be regulated with the principles of the First Amendment
  • How all political parties use division to stay in power
  • How outrage culture has become endemic, commodified and co-opted by existing power
  • Why the only option to fight outrage culture is to opt out

Find our guest online:

Website: libertyblitzkrieg.com

Twitter: @LibertyBlitz

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Today on the Brief:

  • Slight good news in new and continuing jobless claims
  • Record corporate equity and debt sales during the crisis
  • USDC freezes $100k

This episode is sponsored by Bitstamp and Crypto.com.

Our main conversation: Introducing the Macro Media Index.

The Macro Media Index is a monthly summary of the best macroeconomic tweets, essays, podcast and videos from around the internet.

In this inaugural edition, NLW looks at a few key themes:

  • The disconnect between the market and the real economy
  • The role of the Fed and monetary policy in growing wealth inequality and social unrest
  • The Robinhood Rally and bankruptcy bet that took institutional investors by complete surprise
  • The great inflation vs. deflation debate

Featuring insight from previous Breakdown guests including Luke Gromen, Lyn Alden, Jesse Felder, Preston Pysh and more.

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This episode is sponsored by Bitstamp and Crypto.com.

What’s old is new again!

What happens when you combine a mostly hibernating memecoin with the world’s most powerful (and controversial) meme platform, and throw in a new generation of daytraders that have become convinced that they can drive the price of anything up?

The great TikTok Doge pump of 2020, of course.

In this episode, NLW breaks down:

  • The history of Dogecoin
  • How TikTok became one of the most popular, influential, and controversial apps in the world
  • Why the r/WallStreetBets, Davey Day Trader Global Global, and Robinhood Rally day trader movement perfectly set up this pump
  • How #TikTokDogecoinChallenge began to trend
  • What has happened to Dogecoin since the trend started
  • Why this all makes a weird sort of cynical sense

Excerpts/Clips in this episode

  • Rockefeller Street
  • Savage Love
  • Roses
  • Old Town Road
  • Dave Portnoy talks trading
  • Let's Get Rich - Doge on TikTok
  • kindashortidiot - More Doge on TikTok
  • VirtualBacon - Doge realism on TikTok

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Today on the Brief:

  • Social media apps get caught in geopolitical tensions
  • Pitchforks around the Paycheck Protection Program
  • Brazil blocks Binance

This episode is sponsored by Bitstamp and Crypto.com.

Our main discussion is with Daniel Lacalle. Daniel is chief economist at Tressis and is the author of numerous books including “Life in the Financial Markets,” “Escape from the Central Bank Trap” and his most recent, “Freedom or Equality.” He has been named one of the 100 most influential economists in the world by Richtopia.

In this conversation, he and NLW discuss:

  • Why the recovery will likely be “L” shaped and uneven, not “V” shaped
  • Why the “bailout of everything” undermines capitalism and promotes zombie companies that can’t service their debts
  • Why zombie companies crowd out space for startups and small businesses
  • How government programs can incentivize relationships with government over strong business practices
  • How the current economic crisis could become a banking crisis

Find our guest online:

Website: dlacalle.com

Twitter: @dlacalle_IA

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The story of the economy as told by five macroeconomic indicators including Chinese stocks, New York City real estate, coronavirus cases and more.

This episode is sponsored by Bitstamp and Crypto.com.

In this extended Brief, NLW tells the story of the economy through five themes:

  • China stocks surge – but how much is it driven by Chinese state-sponsored media hype?
  • A tale of two cities – real estate in New York City and Hong Kong are telling very different stories
  • A global currency crisis in Lebanon – foodstuffs are up 100% in the last two weeks as the pound continues to falter
  • The COVID-19 ticker – daily cases continue to grow in the U.S. but deaths are declining
  • The cost of the U.S. losing its place in the world - from travelers turned away in Italy to decreasing capital inflows
  • Plus a bonus: what the Nasdaq all-time highs really mean

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In this audio interview, CoinDesk’s Leigh Cuen and Blockade Games co-founder Marguerite deCourcelle talk about bitcoin’s impact on artistic careers. From collecting unique, interactive pieces to designing video games, Cuen and deCourcelle explore how crypto could redefine modern art.

Bitcoin is money but blockchain technology can also be used in a wide variety of art projects.

Perhaps the best known variety of blockchain-based visual art is non-fungible tokens (NFTs).

For example, Blockade Games co-founder Marguerite deCourcelle said her startup sold $160,000 worth of crypto assets, like NFTs, with most of the profits from two editions of their first game Neon District.

“Blockade has minted over 850,000 assets to blockchain game players,” eCourcelle said.

She initially broke onto the scene with paintings that included clues to hidden bitcoin prizes, then started creating interactive, digital art coupled with written roleplaying folklore as well.

“Instead of the idea of running through the digital treasure hunt and possibly getting bitcoin at the end, the design is now that you start at the beginning, there’s no barriers to you can just start playing,” she said, describing her video games. “Earning tokens in the background and you’re notified once you’ve created something that’s unique.”

In short, the artist can now co-create with the audience in a way that scales individual experiences. Although DeCourcelle still paints, she’s become fascinated with the creative and artistic potential of blockchain technology.

Since the first wave of so-called decentralized applications (dapps) in 2017, non-fungible tokens (NFTS) have earned gamers more than $20 million through trading and startups roughly $13.6 million for selling the digital assets, according to blockchain analytics firm Flipside Crypto. Most of that traction was in 2017, when the collectibles game CryptoKitties was the season’s hottest trend and briefly surged to more than 14,000 users.

Yet Flipside Crypto CEO David Balter said observers should not dismiss blockchains like Celo and the CryptoKitties creators’ upcoming Flow. Other gaming dapps like Gods Unchained and My Crypto Heroes garnered $4.2 million and $1.5 million, respectively, selling digital assets.

“There are a number of chains that are working to establish dapps that are participants on the chain. Celo, for example, is doing a good job,” Balter said, listing the above-mentioned gaming projects as well. “We’re talking about customer acquisition costs and lifetime value...these are real businesses.”

Flipside Crypto data scientist Angela Minster added most of these games so far see a surge during the first year then struggle to retain users. In 2020, she expects to see improvement in that department.

In addition to niche gaming fans, investors’ interest in NFTs hasn’t wavered yet. The “Bitcoin Billionaire '' twins, Tyler and Cameron Winklevoss of the Gemini crypto, are also bullish on NFTs. They acquired the NFT marketplace Nifty Gateway in 2019, which opened for business in March 2020 with digital pieces from artists like doodle-master Jon Burgerman and painter Kenny Scharf. A Nifty Gateway spokesperson said the platform has partnered with 16 brands and artists so far, with one Nifty selling for $1,500.

“Kenny Scharf sold out his collection around two and a half minutes,” the spokeswoman added.

Very early

Barely anybody uses crypto games these days and even Ethereum fans love to diss them, but some aficionados say a few startups show potential.

It’s a long shot, to be sure. Critics may argue these efforts are merely a small group of people trading software trinkets between friends. If so, that is also still true of the broader industry.

Balter estimated that by May 2020 roughly 2.13% of bitcoin wallets held 95% of bitcoin in circulation. This is still an industry with thousands of people holding most of the assets, betting broader demand from millions will drive value.

“This is actually the lowest concentration of [bitcoin] wealth since March 2016,” Balter said, as a crypto optimist himself. “Developer behavior rating is superb, over the past year the [diversity and contributions] rating has been trending up.”

According to a survey of 15,000 crypto fans by the startup Crypto.com, 73% of users believe cryptocurrency needs to be used as a currency to qualify for “mass adoption,” which 92% of respondents said could happen in the next 5 years. To some, this may seem as optimistic as betting on artistic crypto collectibles. Companies like Nifty Gateway are exploring how users might display them IRL, while video game creators like deCourcelle focus on interactive features.

“We try to keep a heavy focus on art and [the] story,” she said, speaking to how her characters can involve many interchangeable, tokenized parts. “When you compose them all into this one character, it’s a pretty unique item you’ve created, both in its story and legacy and also in terms of what it can do in the game application itself.”

She said she’s excited to explore what it means for a bitcoiner to develop her career as an artist, using software as a medium. If bitcoin is significant, and we accept its slow growing usage after a decade, then perhaps the fact the CryptoKitties trend of 2017 now has less than 100 daily users isn’t enough to dismiss all NFT experiments. Flipside Crypto’s analytics showed the top CryptoKitties user earned $698,887 and the median user earnings hovered around $53. Earning pocket money through relatively short gameplay, compared to Minecraft or Animal Crossing, may be an attractive factor for some avid gamers.

Balter said it’s “still very early.” If a niche app needs around 500,000 daily users to be successful, then there’s still a long way to go before anyone can claim crypto games are a significant niche within the gaming sector.

“You will see glimmers of better models and outcomes in 2020,” Balter said. “The more that the user is able to monetize, the more the company will succeed.”

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To decrease wealth inequality, one passionate financial adviser argues why financial education needs different content, from different voices, delivered through different channels.

This episode is sponsored by Bitstamp and Crypto.com.

Financial education and financial literacy are at crisis levels in this country. Financial advisers spend billions on advertising but a fraction of that on education. The resources that are available tend to be inaccessible and not designed for the people who need them most. Financial media remains a boring, exclusionary acronym game.

The net result of all of this is a population of Americans who don’t have the mental tools to understand, make sense of and make good decisions around their finances.

In this passionate conversation with NLW, financial adviser Tyrone Ross argues that all hope is not lost. According to Tyrone:

  • Financial literacy is a cross-cutting crisis not limited to any one demographic
  • Even the resources that do exist aren’t designed for the way their intended targets consume media
  • Despite all the bad things happening, this moment is also providing an inflection point where change is possible

Find our guest online:

Website: tyroneross.io

Twitter: @TR401

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A Bitcoin Core dev and her exchange partner discuss Bitcoin and privacy and how to incentivize more developers to contribute to the protocol.

This episode is sponsored by Bitstamp and Crypto.com.

OKCoin and BitMEX recently came together to provide a $150,000 grant to Bitcoin Core developer Amiti Uttarwar.

In this conversation, Amiti and OKCoin CEO Hong Fang discuss:

  • Why OKCoin believes it is essential for companies in the space to support Bitcoin Core development
  • How OKCoin and BitMEX came together around this grant
  • Why Amiti is focused on the P2P layer
  • Why Amiti believes bitcoin should be private by default
  • Why Bitcoin Core will better serve more populations if more populations are represented in who is building it

Find our guests online:

Hong Fang

Website: https://www.okcoin.com

Twitter: @hfangca

Amiti Uttarwar

Twitter: @amizi

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Far from a fly-by-night, uneducated mania, the new day trader class represents a much more significant force for how public markets are changing.

This episode is sponsored by Bitstamp and Crypto.com.

Even before the COVID-19 crisis, Reddit’s WallStreetBets channel was featured on the cover of Bloomberg BusinessWeek as an emerging market force.

Since then, between the surge in signups for Robinhood and the wave of followers of Davey Day Trader Global Global, these day traders have taken an even bigger place in the conversation about the stock market.

While many finance professionals (and, most certainly, traditional financial media) have treated the movement with skepticism, paternalism or outright derision, Slow Ventures’ Jill Carlson has a very different view.

To Jill, this group represents a new wave of investors who are unwilling to wait for permission to play a game that has been largely closed off to most.

In this conversation, Jill talks about why the Robinhood revolution is very, very real, and what opportunities for entrepreneurship and investing she sees in terms of financial education, new exchange tools and more.

Find our guest online:

Website: jill-carlson.com

Twitter: @jillruthcarlson

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There is a constant free market competition to define the Bitcoin narrative, and Kraken’s Dan Held argues this is part of what makes the protocol so strong.

This episode is sponsored by Bitstamp and Crypto.com.

Satoshi Nakamoto is often recognized for his technical genius in solving the double-spending problem. He is also widely revered for his willingness to walk away from the protocol to make it stronger, something no other entrepreneur who has created anything on the scale of Bitcoin has ever done.

What people discuss less often is Satoshi’s marketing instincts. In this illuminating conversation, serial bitcoin entrepreneur Dan Held argues:

  • Satoshi had strong instincts about how price would drive bitcoin adoption
  • The bitcoin white paper document was a marketing pitch aimed specifically at the cypherpunks
  • The competition between bitcoin narratives is something that gives the protocol strength
  • The competition to shape bitcoin's narrative is truly free and open to all

Find our guest online:

Website: danheld.com

Twitter: @danheld

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The host of the rapidly growing Rebel Capitalist podcast joins to talk macro, inflation and the almighty battle for ideas.

This episode is sponsored by Bitstamp and Ciphertrace.

What would you do if you were approaching your 40s, burned out and realizing the type of financial success you had been pursuing wasn’t actually serving your true goal of freedom?

If you were George Gammon, the answer would be to change everything and start globetrotting in search of new opportunities.

George Gammon is the host of the rapidly growing George Gammon YouTube channel and Rebel Capitalist podcast. He is rapidly building one of the most rapid macro and investing fanbases around.

In this Free Ideas Festival conversation, he and NLW discuss:

  • The pursuit of personal freedom
  • Producing a home-flipping TV show in Colombia
  • Why inflation is at the heart of people’s economic discontent
  • How crony capitalism is driving young people to Communism
  • Building a rapidly growing podcast and YouTube empire

Find our guest online:

Website: youtube.com/georgegammon

Twitter: @GeorgeGammon

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Guests from the crypto investor Ari Paul to Harvard prof Dr. Vikram Mansharamani discuss bitcoin, the economy and social unrest.

This episode is sponsored by Bitstamp and Ciphertrace.

June 2020 will go down in the history books as an extremely chaotic and confusing period.

In this “Best of the Month” retrospective, we look at some of the best guest conversations from The Breakdown, including:

  • Human Rights Foundation CSO Alex Gladstein on the importance of cash for privacy
  • DigiChina Editor-in-Chief Graham Webster on China’s decade-long turn away from liberalism
  • Alhambra Investments lead researcher Jeff Snider on why the Federal Reserve’s power is a myth
  • Popular Front founder Jake Hanrahan on the media’s veneer of objectivity
  • Castle Island Ventures’ Nic Carter on why people should have rights to their social media profiles
  • The Crypto Dog on mining bitcoin in 2011
  • Independent macro analyst Jesse Felder on the Fed’s role in increasing inequality
  • BlockTower Capital’s Ari Paul on how people lose faith in central banks
  • “Think For Yourself” author Dr. Vikram Mansharamani on the recipe for inflation
  • Independent oil and trading expert Tracy Shuchart on how easy money enabled the shale revolution
  • Adamant Capital’s Tuur Demeester on historical analogies for seething discontent

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As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.

This episode is sponsored by Bitstamp and Ciphertrace.

This is a movie we’ve seen before:

  • Rise in what could have been preventable COVID-19 cases
  • A call for shutdowns (plus voluntary closures)
  • Rampant politicization of health and economic issues rather than common sense approaches
  • Persistent jobless claims plus new layoffs
  • Wall Street nerves turning into new Federal Reserve and Treasury action

Rinse, repeat, economy!

This week on The Breakdown:

Monday | Macro Investors Sound Off! Featuring Ari Paul, Spencer Bogart and David Nage

  • Some of the smartest investors in the crypto space share how they think the larger macro context is shaping interest in bitcoin and digital assets.

Tuesday | Oil 101: How Easy Money Enabled the Shale Revolution, Feat. Tracy Shuchart

  • An oil and commodities expert breaks down how the shale revolution reshaped global energy power and why oil went below $0 earlier this year.

Wednesday | Bull vs. Bear: Who Has the Economy Right?

  • From markets to real estate to the dollar to retail, the data on whether the market is recovering or not is hella confused.

Thursday | Is Scam Selling Suppressing the Price of Bitcoin?

  • Scam selling, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.

Friday | How Monopolies Sow the Seeds of Their Own Destruction, Feat. Tuur Demeester

  • The managing partner of Adamant Capital joins for a conversation about what the Protestant Reformation and the French Revolution can teach us about bitcoin.

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Today on the Brief:

  • A consumer spending rebound
  • A new crypto regulatory regime in Europe
  • A bitcoin warning from a famed investor

This episode is sponsored by Bitstamp and Ciphertrace.

Our main discussion:

Tuur Demeester is the managing partner of Adamant Capital, a bitcoin investment firm that earlier this year published “The Bitcoin Reformation.”

In this conversation, he and NLW discuss:

  • The four preconditions for a reformation, and how they apply today
  • How hyperinflation contributed to the French Revolution
  • Why inflation is becoming a more significant threat today
  • How bitcoin memes function like unifying doctrines from past revolutions
  • Why millennials could be the Greatest Generation 2.0

Find our guest online:

Twitter: @TuurDemeester

On the web: Adamant Capital

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Today we also look at a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.

This episode is sponsored by Bitstamp and Ciphertrace.

Today’s edition of The Breakdown is an extended version of the Brief, this time covering five topics.

  • New Jobless claims - sticking stubbornly at ~1.5 million new claims per week, despite economist expectations
  • The “whack-a-mole” economy - Former Treasury Secretary Lawrence Summers predicts as much as 30% of the economy may need to close to get COVID-19 under control
  • PlusToken scam pressure on BTC price: Has scam selling suppressed the price of bitcoin since early last year?
  • Biggest ever bitcoin option expiry; more than $1 billion in notational value BTC options are set to expire tomorrow, Friday, June 26
  • Apple’s UX privacy triumph: Users will have to opt-in to allow apps to track them across other apps as well

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The economy is nothing if not confounding right now.

This episode is sponsored by Bitstamp and Ciphertrace.

Across every domain, from real estate to oil to retail, there are bull signals and bear signals.

In this episode, NLW looks at those signals in the following areas:

  • Markets - strong stock recovery vs. growth in cash deposits
  • Employment - growth in jobs vs. persistent continuing jobless claims
  • Retail - growth in foot traffic vs. demand destruction
  • Oil - growth in demand (but not in economically productive diesel)
  • Real estate - surge in mortgage applications vs. worst home sales since 2010
  • Dollar - declining confidence vs. there is no alternative
  • COVID-19 - reduced death rates in the U.S. vs. growing caseload

What’s the answer? Is this just a narrative mirage recovery? Listen and find out.

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An oil and commodities expert breaks down how the shale revolution reshaped global energy power and why oil went below $0 earlier this year.

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • PayPal and Venmo reportedly adding crypto buying and selling
  • Trump executive order temporarily suspends H1-B visa program
  • Continued growth in bitcoin derivatives

Our main conversation:

Tracy Shuchart is an oil- and commodities-focused trader in the private equity space known for her wide-ranging insights on financial Twitter (FinTwit).

In this conversation, she and NLW discuss:

  • Why the shale revolution of the last 10 years shifted the power balance in global energy among the United States, Russia and Saudi Arabia
  • How easy money in the wake of the Great Financial Crisis enabled the shale revolution as much as new technology
  • Why after the 2014-2016 oil crash it was inexperienced private equity firms that picked up where banks left off with shale
  • How a growing focus on dividends and cutting costs was creating structural problems for shale even before the COVID-19 crisis
  • How COVID-19 coincided with a contentious negotiation between Saudi Arabia and Russia that ultimately sent prices to less than $0

Find our guest online:

Twitter: @chigrl

On the web: chigrl.com

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Some of the smartest investors in the crypto space share how they think the larger macro context is shaping interest in bitcoin and digital assets.

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • New Federal Reserve research suggests reaction to Facebook’s Libra basket approach was overblown
  • Italian Banking Association pushing to test a digital euro
  • U.S. housing has worst month since 2010

Our main conversation:

Earlier this month, Messari hosted the Mainnet virtual summit. At that event, NLW moderated a session called “Macro Investors Sound Off!” featuring BlockTower Capital’s Ari Paul, Blockchain Capital’s Spencer Bogart and Arca’s David Nage.

The discussion included:

  • The evolution of the Fed put and how it shapes the markets
  • How the collision of Bitcoin’s halving and the Fed’s reaction to COVID-19 created a powerful narrative moment
  • Why the Money Printer Go BRR meme was so effective
  • Why the Paul Tudor Jones letter was hugely influential within Family Offices
  • Why these investors expect to see some significant announcements around bitcoin exposure from traditional investors in the months to come

Find our guests online:

Ari Paul: @AriDavidPaul

Spencer Bogart: @CremeDeLaCrypto

David Nage: @DavidJNage

Watch the rest of Messari’s Mainnet 2020 sessions.

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The best Sundays are for long reads and deep conversations. Recently the hosts of the Let's Talk Bitcoin! Show gathered to discuss the big picture problems facing our world which make things like Bitcoin distinctly appealing despite many inefficiencies when compared to traditional, centralized systems.

The episode is sponsored by eToro.com and The Internet of Money Vol. 3

On today's show we're going back to basics. While bitcoin and digital bearer assets in general are an incredibly important technology, the reason they're likely to be important to the future has little to do with the token and everything to do with the context surrounding them: The world we live in every day, where government controlled money is abused for the benefit of the few and to the detriment of the many.


"Bitcoin is a way of achieving consensus. And consensus is a way for a bunch of people who may disagree on things to agree to a singular fact that they then execute, so imagine if Congress actually had bipartisan support to unilaterally pass a bill every ten minutes... That's basically what's occurring in Bitcoin.

There's nothing more political than money because money affects everything else, and yet Bitcoin works. I think there's a lot of people looking at trying to reform the governance structures of the places that they're in, what they really should be doing is looking at things like Bitcoin and frameworks using blockchains to say "OK, how can we come to consensus over this or that governance issue of which money would be one... But I think the most transformative and phenomenal thing it'll do is, Nakamoto Consensus and then just blockchain governance writ large is a phenomenal way to have self governance.

We see these breakdowns and these desires to federate cities and the way decisions are made, [but] maybe rather than turning to a government based political solution, a community based solution using something like a blockchain would be something with a lot greater staying power and impact." - Jonathan Mohan

Topics:

  • Who is the economy still working for, and who is it not serving?
  • What’s wrong with money that makes alternatives attractive?
  • Why and how is Bitcoin disconnected from the current system?
  • What’s the value in the US and western Europe compared to the value in less developed parts of the world?
  • What role does speculation play in the story of bitcoin?
  • Bitcoin’s been around now for more than ten years. Are we on track to make a difference? What’s the normal adoption curve for disruptive or revolutionary technologies?
  • What IS a disruptive or revolutionary technology? Who is bitcoin potentially disrupting?
  • Does being part of the bitcoin community make you politically affiliated, or represent a distinct political viewpoint?

Selected excerpts from this week's discussion:

"Money, because it's central to markets, which are central to the ways we organize societies is on of the most powerful technological tools that exists. If you then put the control of that technological tool in the hands of a monopolistic entity of any kind, whether that's facebook libra or the US dollar under the federal reserve or whatever else it is, what happens is that that tool can be used to exert power on the way society is governed and on the way resources are allocated in a non-transparent way that is not subject to political correction or adjustment by democratic means.

And when you take a tool that's that powerful and take it out of the oversight and control of democratic institutions, then it attracts the kinds of sociopaths who want to control that lever of power and they use it to distort the market in their favor. And that's the really dangerous aspect of money, because it's not simply neutral fuel for an economy or some forms of it are not neutral fuel for the economy. I've talked about this in the past as 'Money is a system of control in addition to its function of medium of exchange, unit of account, and store of value.

And when it can be used more effectively as a system of control, then it starts losing it's utility as a medium of exchange, a unit of account, and a store of value because it's power as a system of control is so intoxicating and so overpowering that it erases all other uses of it.

And that's exactly what we see. Centralized money is no longer offering useful signaling of value, no longe offering using unit of account measurement, it's not serving as a good store of value and increasingly not as an open, free, highly liquid medium of exchange because it's use as a system of control has overridden all those considerations." - Andreas M. Antonopoulos


It seems like the past hundred years and the statements made publicly now and in perpetuity is that dollars will always go down and stocks will always go up. So there are fundamentally two types of Americans, those who have their life savings in dollars and those who have it in stocks. And the crazy thing with stocks, unless you're part of the racket every now and then they completely collapse. So even that's a rigged game.

What I like about Bitcoin is it's a way to be a part of neither game. I don't get to insider trade like a congressman, and I also don't have all of my life savings stolen from me because that 3% raise I get every year is completely wiped out by money manipulation. - Jonathan Mohan


"This entire experiment and civilization [was] founded on the idea that we have a ladder with rungs on it and a reset button. So you fall down the ladder, you hit the reset button and you can start climbing back up it. And every time the government massively overcorrects or disproportionately gives money out into the ecosystem, they're pulling out a rung from the ladder..." - Jonathan Mohan


"Capitalism without the risk of failure, isn't..." - Andreas M. Antonopoulos


"One of the most phenomenal things that America did was the idea of bankruptcy. This idea that you could fail and that your family wouldn't be debt slaves to try to repay it. This idea of a serial entrepreneur was kind of invented here because the economic concept of a reset button existed here, and what we're seeing is the death of the reset button and the way they're accomplishing that is by pulling up the rungs of the ladder. So it's a failure on two sides at the same time..." - Jonathan Mohan

Credits

This episode of Let's Talk Bitcoin features Stephanie Murphy, Andreas M. Antonopoulos, Adam B. Levine and Jonathan Mohan. Music provided by Jared Rubens and Gurty Beats, with editing by Jonas.

Photo by Macau Photo Agency on Unsplash

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An economic comparison of where boomers were at the same age as millennials leads to only one conclusion: Millennials are screwed.

This episode is sponsored by Bitstamp and Ciphertrace.

The big narrative in financial media for the last few weeks has been the insurgent Robinhood rally, led by the AC/DC-blaring Pied Piper Dave Portnoy, owner of Davey Day Trader Global Global (DDTG Global).

As people try to make sense of the strange retail trading phenomenon, one perspective is the participants (average age of 31 on Robinhood) are reacting to a market that has left them behind. In this view, they are assaulting the market with otherwise outrageous and ludicrous strategies because, otherwise, how will they get their piece?

This week’s Breakdown Weekly Recap looks at this in the context of some surprising (and frankly depressing) stats about the millennial generation’s current wealth, as compared to where boomers were at the same time in their careers.

This week on The Breakdown:

Monday | Sorry, Bloomberg: Here Are 6 Reasons Why 2020 Is a Great Year for Bitcoin

  • A Bloomberg senior editor today argued there were six reasons why 2020 was bad for bitcoin. Here’s the opposite case.

Tuesday | From Moral Hazard to Business as Usual, Feat. Jesse Felder

  • A leading independent financial analysis shares thoughts on the “Robinhood rally,” Fed policy and why Modern Monetary Theory (MMT) is already here.

Wednesday | What Satoshi Understood: Nobody Knows You’re a Dog on Social Media, Feat. The Crypto Dog

  • A conversation about pseudo-anonymity, global digital nomadism and the trader’s mindset.

Thursday | 6 Things Jobless Claims Tell Us About the State of the Real Economy

  • Persistent unemployment and fears of further layoffs are the real economic counterpoint to the financial market’s unbridled enthusiasm.

Friday | Why Monetary Debasement Is Here to Stay, Feat. Dr. Vikram Mansharamani

  • From technology to aging demographics, some of the most important trends shaping the economy have been deflationary. What happens when that rapidly changes?

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From technology to aging demographics, some of the most important trends shaping the economy have been deflationary. What happens when that rapidly changes?

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • FTX lists two Compound tokens
  • Reddit partners with Ethereum Foundation on Layer 2 scaling
  • Black-In Freedom Festival reimagines Juneteenth

Our main topic:

Dr. Vikram Mansharamani is a lecturer at Harvard and author of “Boombustology: Spotting Financial Bubbles Before They Burst” as well as the just released “Think for Yourself: Restoring Common Sense in an Age of Experts and Artificial Intelligence.”

In this wide-ranging conversation, he and NLW discuss:

  • Why our relationship with experts and expertise is leading us astray
  • How COVID-19 shows the downside of both over-reliance on, and complete rejection of, experts
  • How the economic crisis surrounding COVID-19 is bursting bubbles and moving us from a period defined by deflation to one defined by inflation
  • Why “monetary debasement is here to stay”
  • Why the U.S.-China relationship is the key backdrop for understanding the next 10 years of global economic reality
  • Why inequality threatens the fabric of our economy and our society, and what might be done about it

Find our guest online:

Twitter: @mansharamani

Website: Vikram Mansharamani | “THINK FOR YOURSELF”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Persistent unemployment and fears of further layoffs are the real economic counterpoint to the financial market’s unbridled enthusiasm.

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • Powell says private companies shouldn’t be involved in Central Bank Digital Currencies
  • According to former NSA head John Bolton, Trump told Mnuchin to go after Bitcoin
  • Interest around Compound driving speculation around a DeFi-driven bull run

Our main topic:

This week’s U.S. jobless report brought bad news. Whereas economists had expected new claims to fall to 1.29 million from 1.57 million the week before, claims fell just 58,000 to 1.51 million.

Continuing claims fared even worse. Economists predicted these claims would fall 600,000+ to 19.9 million. Instead, they fell a tenth of that - 62,000 - to leave total continuing claims at 20.5 million.

In this episode, NLW breaks down what we can learn from these numbers when they’re combined with the previously released May jobs report.

  • Mixed signals confusing analysis
  • Economic pain not (only) a short-term shock
  • Demand destruction an open question
  • White-collar jobs may be next
  • Short-term pain has long-term effects (see: 106 million loans in relief)
  • There is a relationship between unemployment and the markets

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A conversation about pseudo-anonymity, global digital nomadism and the trader’s mindset.

This episode is sponsored by Bitstamp and Ciphertrace.

On the Brief:

  • Big tech vs. the American political right and left
  • Why TikTok users are pretending to love China for clout
  • Decentralizing venture capital

Our main conversation:

The Crypto Dog is one of crypto Twitter’s best known characters. In this conversation, he and NLW discuss:

  • Mining bitcoin in 2011
  • The difficulty of hodling across a decade
  • The emergence of the crypto trader in the Ethereum era
  • Trader agnosticism
  • Pseudo-anonymity and social media
  • Developing the character behind the avatar
  • Global nomadism and the acceleration of “work from anywhere”
  • The vibe and feel of Hong Kong today

Find our guest online:

Twitter: @TheCryptoDog

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A leading independent financial analysis shares thoughts on the “Robinhood rally,” Fed policy and why Modern Monetary Theory (MMT) is already here.

This episode is sponsored by Bitstamp and Ciphertrace.

Today on The Brief:

  • An unexpectedly good retail sales report drives market confidence
  • Are we in for a second wave of white-collar layoffs?
  • The latest rumblings in central bank digital currencies

Our main conversation:

Jesse Felder is an independent financial analyst and one of the best financial curators on Twitter.

In this wide ranging conversation, he and NLW discuss:

  • The Robinhood rally and what makes it both alike and different from previous manias
  • The illusion of American recovery and the disconnect between markets and fundamentals
  • The Federal Reserve’s role in increasing economic inequality
  • Why the dollar is significantly overvalued relative to other currencies
  • Why financial assets could be poised for a rough decade

Find our guest online:

Twitter: @jessefelder

Website: The Felder Report

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A Bloomberg senior editor today argued there were six reasons why 2020 was bad for bitcoin. Here’s the opposite case.

Today on the Brief:

  • Stocks down on coronavirus fears
  • Demand destruction
  • The looming retirement crisis

This episode is sponsored by Bitstamp and Ciphertrace.

Our main theme:

Bitcoin is up more than 30% on the year. After a crash alongside equities, it has proved incredibly resilient. There are famous new entrants to the space like Paul Tudor Jones II.

So how can a Bloomberg editor argue the year has been bad for bitcoin?

In this response podcast, NLW argues that most of the arguments are about narrative, not the underlying fundamentals. He presents six reasons why not only has it not been a bad year, but the exact opposite is true:

  • Demonstrated institutional uptake
  • Demonstrated resilience
  • New champions
  • Narrative fundamentals
  • Need in emerging markets
  • End of economic orthodoxy

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Richard Myers says the future of ad-hoc mesh networks for SMS messages and bitcoin transactions on your smart phone is here, but it needs the lightning network to succeed.

The episode is sponsored by eToro.com and The Internet of Money Vol. 3

On today's episode of Let's Talk Bitcoin! you're invited to join Andreas M. Antonopoulos, Adam B. Levine, Stephanie Murpy and special guest Richard Myers for an in-depth look at the past, present and future of 'Mobile Mesh Networking' technology.

Just as cryptocurrencies like Bitcoin don't rely on static infrastructure and professional providers, mobile mesh networking allows the creation of inexpensive, high range, low bandwidth and power consumption ad-hoc networks that'll let your phone send text messages or even bitcoin lightning network micro-transactions, even in areas with no coverage.

According to Richard, Bitcoin's lightning network is a what's needed to make mobile mesh networks catch on by bootstrapping on top of the payment routing infrastructure.

"...the Lightning Network currently sends payments from A to B to C and then all those intermediate nodes can connect a small fee if the payment is delivered at the end. All we're doing is saying 'Not [can you send] a payment, but [you can send] a small message. In our case it'd be a SMS message. So you sending an SMS message along with a lightning payment from A to B to C to D, and when D receives that message they return proof that it was delivered and that's what flows back through the network. In the lightning sense, that's your pre-image. It's computed from the message, that's how the nodes are able to collect payment even if they lose touch with the original person who sent it."

But the way the lightning network uses data isn't ideal for mobile mesh. The open source Lot49 protocol is another layer on top of lightning that Richard says is necessary to make it work at scale while using mesh devices as an extremely low-bandwidth TOR-like privacy layer.

"In many ways we're not making a new protocol, we're literally using lightning. Lot49 is custom communication protocol that's optimized for mesh. For example, right now there's a 1300 byte onion that's used to route messages over the internet and that's very important because you lose a lot of privacy... you lose all your privacy... if you were to just send messages over the internet without onion routing.

We're sending over more or less a physical TOR network since it's going from node to node, not through a central ISP who can associate who you're trying to pay. We're also doing it over a low bandwidth network, so if you were sending 1300 bytes it may not sound like much in the age of the internet but we're talking about devices that [have a maximum data transmission capacity of] about a kilobyte a minute so that's a significant amount of the bandwidth that you have [tied up just in the web's onion routing]

So for example with LOT49, we take out the onion and we use the native routing at the mesh device [level] which is optimized for mesh communications. And there's a few other little changes we make like that in order to reduce the bandwidth by chunking up messages... the ultimate goal is to minimize the lightning protocol overhead so that there is more bandwidth available for data... For things like sending an SMS and as bandwidth increases there may be things like internet protocol..."

You can learn more about GoTenna Mesh Network Radios at https://gotennamesh.com/products/mesh

Credits

This episode of Let's Talk Bitcoin features Stephanie Murphy, Andreas M. Antonopoulos, Adam B. Levine and Richard Myers. Music provided by Jared Rubens and Gurty Beats, with editing by Jonas.

Photo by Josep Castells on Unsplash

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This week, the wildest, most nonsensical, volatile part of the market wasn’t bitcoin, but the “Robinhood Rally” in equities.

This episode is sponsored by Bitstamp and Ciphertrace.

The stock market has long been disconnected from the underlying economy, but much of what happened this week - particularly the pumping of bankrupt company stocks - suggests that something new is afoot.

In this episode, NLW breaks down three long-term trends suggested by the so-called Robinhood Rally, including:

  • The “insurgency” aspect of a generation of young professionals who are willing to play the financial game rather than have it be played for them
  • A totally new force in financial media, which could hit like a wrecking ball in one of the stodgiest, traditional media industries
  • An embrace of a certain type of cynicism or nihilism when it comes to the values of financial markets

This week on The Breakdown:

Monday | Why War Reporting Is the Right Mental Model for Today’s Media, Feat. Jake Hanrahan

  • The founder of Popular Front joins NLW for a discussion about protests, media and how the people being covered tend to not reflect divisive politics.

Tuesday | What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin

  • The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?

Wednesday | A Vision for Digital Property Rights, Feat. Nic Carter

  • Most people today look at social platforms like any other private company, but what if we saw them as alternative jurisdictions with a new set of property rights?

Thursday | Why the Fed Keeps Denying Its Role in Increasing Inequality

  • The Federal Reserve expects low inflation, says rates will stay close to zero through 2022 and keeps lying about the role of central banks in increasing inequality.

Friday | Bitcoin Is More Than an Inflation Hedge

  • While fears of a “great monetary inflation” have driven the recent bitcoin narrative, other aspects like censorship resistance and peaceful protest matter just as much.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In this audio interview, CoinDesk’s Leigh Cuen and adult content creator Allie Awesome talk about payments and money in the sex industry, especially the trends impacted by the coronavirus crisis. From how porn performers and entrepreneurs deal with Bitcoin Twitter to the ways the pandemic changed our digital sex lives, Cuen and Allie explore what actually drives demand for censorship-resistant systems.

This episode is sponsored by Bitstamp and Ciphertrace.

The biggest problem? Allie and other performers and sex workers basically have their digital advertising and distribution platforms controlled by third parties that aren’t responsible to the workers. For example, OnlyFans briefly froze Allie’s account earlier this year. Although she regained access, her distribution conduits remain at the mercy of tech platforms. This is where peer-to-peer transactions come in. Allie said she knows how to use a cryptocurrency wallet and would gladly do so if more customers wanted to pay her directly. The fact is those customers are few and far between.

“To those people who want to come up with a solution, my first question is ‘well, are you paying for porn’?” she said. “I think a lot of people want to make money off of ‘adult’, but they aren’t really willing to invest in ‘adult’”.

See also: Why Lightning Payments Aren’t Clicking for Porn Companies (Just Yet)

Another major issue according to Allie, is an increase in traffic or visibility doesn’t always translate to profits. Plus, many crypto fans see her industry as something they want to profit from, by building their own tech solutions, rather than contribute to experienced performers. Compared to other bitcoin or ether holders, sex workers are even more likely to rely on social networks like Twitter than exchanges like Coinbase, which deplatforms them just like Paypal. Performers require either a high degree of technical skill, to use decentralized exchange (DEX) platforms like Bisq, or a de facto social liquidity network in order to use cryptocurrency without trusting third parties. Allie shares why she is excited about cryptocurrency, even if it’s a challenge to use it for censorship resistance.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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While fears of a “great monetary inflation” have driven the recent bitcoin narrative, other aspects like censorship resistance and peaceful protest matter just as much.

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • Why bitcoin sold off
  • A bank-the-unbanked narrative for the digital dollar
  • It’s Dave Portnoy’s world and we’re all just living in it

Today’s main topic: Why inflation isn’t the only bitcoin narrative that matters.

When bitcoin’s halving coincided with the most aggressive central bank policy of all time, it set a clear narrative framework for bitcoin as an inflationary hedge. This was captured by people like legendary hedge fund investor Paul Tudor Jones, who warned of a “great monetary inflation.”

In this episode, NLW argues 1) that inflation could be a dangerous narrative to focus on too closely due to a number of countervailing deflationary forces, and 2) there are a variety of other narratives that are just as important to bitcoin, including:

  • Censorship resistance
  • Seizure-resistant asset
  • Currency controls and reshoring
  • Nations looking to escape USD system
  • Independent banking
  • Peaceful protest

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Federal Reserve expects low inflation, says rates will stay close to zero through 2022 and keeps lying about the role of central banks in increasing inequality.

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • Three Arrows holds more than 6% of Grayscale Bitcoin Trust
  • New platform for censorship-resistant blogging
  • Coinbase announces new token potentials as anti-surveillance hodlers flood out

Today's main topic: The Fed's inequality problem

Some key takeaways from yesterday’s Federal Open Markets Committee meeting:

  • Interest rates are likely to stay near zero through 2022
  • Unemployment anticipated to average between 9% and 10% during last three months of 2020
  • Economy expected to contract 4% to 10% this year
  • No specific discussion of yield curve control
  • Inflation expected to be 1.0% this year and 1.5% in 2021, lower than Fed target of 2%
  • According to Chairman Powell, inequality has nothing to do with Fed policy

On this episode, NLW recaps the above and dives deeper on two of the points:

  • Net inflation stats gloss over specifics, including food prices that have been rising at an annual rate of 17.5%
  • The Fed’s pronounced role in exacerbating inequality by propping up artificially high asset prices, effectively locking low and middle income households out of the mechanism for economic advancement

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Most people today look at social platforms like any other private company, but what if we saw them as alternative jurisdictions with a new set of property rights?

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • A record week for peer-to-peer exchanges in the developing world
  • A digital dollar gets discussed in Congress
  • Previewing the Federal Reserve’s FOMC guidance

Our main topic: A brainstorm on digital property rights

Here’s a radical idea. What if by virtue of the fact that you had put so much time and effort into building a following on social media and filling that following with content you had legal claim to and distinct property rights around your corner of social media platforms?

It’s wild in the context of today’s terms of service, but has significant legal precedent in the world of physical land.

In this new type of deep-dive 20-minute episode we’re calling a “Breakdown Brainstorm,” Castle Island Ventures investor Nic Carter looks at:

  • The two schools of thought around digital property rights
  • The historical precedent for squatter’s rights
  • What the specific example of the USA’s Westward Expansion can teach us
  • Why this type of approach can be highly economically generative, according to economists like De Soto
  • How John Locke’s theories provide a moral basis for the argument
  • Why today’s platforms are akin to anti-democratic feudal lords
  • How bitcoin provides a model and a mechanism for digital rights enforced on the protocol level rather than by a state or other external actor

Find our guest online:

Twitter: @nic__carter

Website: niccarter.info

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The largest 50-day rally in stock market history and even stocks of bankrupt companies are up more than 100%. What is going on?

This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

  • Saudi Arabia injects $13 billion in bank liquidity via blockchain.
  • China’s state TV CCTV says Binance is still allowing crypto trading in China.
  • MakerDAO community greenlights real world collateral.

Our main topic: The “Robinhood Revolution.”

The next time someone tells you crypto markets are too irrational or volatile, point them to stock markets right now.

  • The largest 50-day rally in history
  • Every S&P 500 stock up from 10 weeks ago
  • Multiple bankrupt companies up more than 100% since they declared bankruptcy

This is the “Robinhood Revolution,” as a horde of day traders are outperforming billionaire investors and commanding the stock market narrative.

This episode looks at:

  • Who is this new generation of investors
  • Why they’re so active right now
  • What they’re betting will go up
  • Why they don’t care about earnings, balance sheets or any other fundamentals
  • Four scenarios for how this rally could have an impact on the bitcoin and crypto industry

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The founder of Popular Front joins NLW for a discussion about protests, media and how the people being covered tend to not reflect divisive politics.

This episode is sponsored by Bitstamp and Ciphertrace.

On today’s episode of The Breakdown, we introduce the Breakdown Brief - a look at three key topics in bitcoin and crypto. Today, the Brief covers:

  • Brave browsers auto adding ref links to Binance.us
  • The disconnect between Wall Street and crypto when it comes to inflation expectations
  • A 2018 Pentagon war game including bitcoin

Our featured interview is with Jake Hanrahan, founder of Popular Front - a podcast and independent media company covering underreported and irregular conflict with “no frills, no elitism.” Jake was previously an embedded reporter with Vice and has covered conflict in Turkey, Syria, Iraq, Palestine, Ukraine and elsewhere.

In this conversation, Jake and NLW discuss:

  • Why Jake left Vice and decided to build an independent journalism project
  • Why the mainstream media isn’t bad because of some political conspiracy, but because its business model doesn’t allow it to understand how real people are experiencing issues
  • How the protests are being (mis)covered around the world
  • Why American protests are going global
  • What he learned covering protests in Hong Kong last year
  • What situations people should be paying attention to around the world that they’re not right now

Find our guest online:

Twitter: Jake_Hanrahan

Website: popularfront.co

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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'The best Sundays are for long reads and deep conversations. Recently the hosts of the Let's Talk Bitcoin! Show gathered to discuss the systemically important "Be Your Own Bank" Bitcoin narrative and what it means around the world today.

The episode is sponsored by eToro.com and The Internet of Money Vol. 3

On today's episode of Let's Talk Bitcoin! you're invited to join Andreas M. Antonopoulos, Adam B. Levine, Jonathan Mohan and Stephanie Murpy for an in-depth discussion about the ups and downs, the good and the bad about being your own bank in the modern world of Bitcoin.

The powerful idea and meme at the core of Bitcoin self-sovereignty is incredibly empowering but has an unspoken element that requires persistent competence and at least for some makes it more trouble than it's worth.

As the world reels from the response to COVID-19 and disorder seems the trend on the rise, we discuss how although Bitcoin makes it possible for anyone to be their own bank, who actually wants the constant vigilance and anxiety that goes along with it? And what happens when things go wrong and there's no-one to blame but ourselves?

"...There is tremendous luxury in having institutions that at least appear to be stable over some period of time where you don't need to worry about the details of how they work and what happens under failure conditions. That luxury is pretty concentrated in just a few places in the world and at some point you can't afford that luxury of apathy. - Andreas M. Antonopoulos, LTB! #437

Credits

This episode of Let's Talk Bitcoin features Stephanie Murphy, Jonathan Mohan, Andreas M. Antonopoulos and Adam B. Levine. Music provided by Jared Rubens, FromEther and Adam B. Levine, with editing by Jonas.

Photo by Pathdoc on Shutterstock

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A recap of one of the most significant weeks in recent American political history.

This episode is sponsored by Bitstamp and Ciphertrace.

The Breakdown Weekly Recap looks at the key themes that shaped the week. On this week’s episode, NLW discusses:

  • The modern significance of Tiananmen Square, and why this week’s U.S. protests show why the tools of surveillance need to be applied to states, not citizens.
  • The importance of “narrative violations,” or fighting to see things without falling into popular but often wrong conventional wisdoms.
  • The need to resist attempts from both the left and the right to fit today’s unrest into convenient culture-war frameworks that perpetuate each group’s power.

This week on The Breakdown:

Monday | The Power and Peril of the 'Bitcoin Fixes This' Meme

  • A look at what role, if any, bitcoin has to play in remaking the world that is being protested around the U.S. (and world) this week.

Tuesday | Bitcoin, Cellphones and the Citizen Tools of Anti-Authoritarianism, Feat. Alex Gladstein

  • A look at the anti-authoritarian technology stack, including where non-state money like bitcoin fits in.

Wednesday | 5 Numbers That Tell the Story of Markets Right Now

  • From the number of U.S. flights from Chinese carriers to S&P 500 growth in the tumultuous year of 1968, these (unexpected) numbers tell the story of today’s markets.

Thursday | The Mirage of the Money Printer: Why the Fed Is More PR Than Policy, Feat. Jeffrey P. Snider

  • An argument that the Fed is actually highly ineffectual due to the presence of the eurodollar shadow-banking system.

Friday | The Biggest Realignment in the US-China Relationship Since Nixon, Feat. Graham Webster

  • A 101-level primer on the history of the U.S.-China relationship, and why today’s bluster represents a fundamental shift.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How one of the world’s most important geopolitical relationships came to be what it is in 2020.

This episode is sponsored by Bitstamp and Ciphertrace.

The U.S.-China relationship has an outsized impact on global economics and politics. As that relationship comes even more into focus in the wake of COVID-19, this episode provides a historical primer.

Graham Webster is editor-in-chief of the Stanford–New America DigiChina Project at the Stanford University Cyber Policy Center. He’s also a China digital economy fellow at the New America think tank.

In this episode, Webster explains:

  • Why the relationship with the U.S. has been at the forefront of Chinese policy since the People’s Republic of China was formed, but has flitted in and out of America’s focus.
  • Why the first most significant period in the U.S.-China relationship came between the late 1960s and 1970s, as the U.S.-China relationship normalized.
  • How Tiananmen Square undermined but didn’t destroy the relationship.
  • Why George W. Bush came into office with an intention to focus on China but got distracted in the wake of 9/11.
  • Why China has spent the last decade becoming increasingly illiberal.
  • How the rise of social media contributed to the shift.
  • Why China and U.S. policy is as much a reflection of domestic self-identity in both countries as it is a bilateral political question.
  • Why China’s human rights abuses present such a challenge.
  • How COVID-19 changes the relationship.

Find our guest online:

Twitter: gwbstr

DigiChina

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The meme is “money printer go brrr,” but according to this macro expert, central banks have almost no power to actually influence money itself.

This episode is sponsored by Bitstamp and Ciphertrace.

The conventional wisdom is that central banks are the most important economic actors in the world. Markets hang on their every word.

Yet, what if that power has less to do with actual monetary policy and more to do with how the performance of that policy creates a self-fulfilling prophecy as market actors respond to media coverage?

Jeff Snider is the head of global research at Alhambra Investments. In this conversation, he and NLW explore:

  • How the Fed lost the ability to even determine what the money supply is.
  • How the financialization in the 1980s exacerbated monetary confusion.
  • Why the most important force in the global economy isn’t central banks but the eurodollar and shadow banking system.
  • How the eurodollar and shadow banking sector creates a drag on real economic growth.
  • Why the conventional wisdom and “central bank savior” narrative around 2008 was dead wrong.
  • The problem with “survivor’s euphoria.”
  • Why “money printer go brr” is actually a flood myth.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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U.S. President Donald Trump signed an executive order last Thursday, seeking to amend Section 230 of the Communications Decency Act. Section 230 prevents social media companies from civil liability for the content posted on them. The order targets Twitter and Facebook after Twitter fact-checked two of the President’s tweets.

Today, CoinDesk tackles the topic with Chief Content Officer Michael Casey, Privacy Reporter Benjamin Powers, New York Law School professor and past President of the American Civil Liberties Union Nadine Strossen, and author of the Open Index Protocol Amy James

This episode is sponsored by Bitstamp and Ciphertrace.

On this podcast, the CoinDesk team brings listeners up to speed on the leadup to and aftermath of the executive order, discuss the fairness implications of editorializing on social media, the business models that enable and are empowered by all of this, and how decentralized protocols can chart an alternative path forward.

First we talk about the first amendment and Section 230 itself, what it does and doesn’t do as it pertains to social media platforms and moderation.

Then we talk about fairness and the if you don’t-like-it-leave argument, as well as related topics

We’ll talk about the business models and assumptions implicit in the current state of dominant social media platforms before turning to alternatives or possible solutions in decentralized protocols and multi-layered approaches to moderation or censorship.

Links from the episode:

  • System Override: How Bitcoin, Blockchain, Free Speech and Free Tech Change Everything
  • Open Index Protocol
  • Amy James on Twitter

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Every day that protests continue and the stock market goes up, more people ask what the disconnect between markets and the real economy is. In this episode of The Breakdown, NLW peels back the story of today’s economy by looking at five numbers:

This episode is sponsored by Bitstamp and Ciphertrace.

  • The growth of the S&P500 since the March 23 low
  • Current unemployment stats and a Bloomberg Economics estimate of the number of jobs at risk
  • The performance of the S&P500 in 1968, one of the most tumultuous years in American history
  • The total percentage of the world’s debt denominated in dollar terms
  • The number of flights between the US and China by Chinese airlines going forward

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A conversation with the outspoken pro-bitcoin, anti-surveillance human rights advocate and global power expert.

This episode is sponsored by Bitstamp and Ciphertrace.

Alex Gladstein is the chief strategy officer of the Human Rights Foundation. He is a powerful voice for the role of bitcoin in combating authoritarianism around the globe.

In today's episode, he and NLW discuss:

  • What the protests tell us about the state of democracy in the U.S.
  • The potential impact of protests and COVID-19 on surveillance norms
  • The potential for a "biological Patriot Act"
  • The implications of China's push to absorb Hong Kong
  • The relevance or irrelevance of China's digital currency
  • The role of bitcoin in promoting freedom

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As the U.S. experiences the most sustained civil disobedience in more than a generation, an exploration of what role bitcoin has to play in building a better system.

This episode is sponsored by Bitstamp and Ciphertrace.

Cities around the country have been engulfed in protest in the wake of the murder of 46-year-old black man George Floyd. There is an intense battle for the narrative around the protests. Are they legitimate outcries against institutional racism and police brutality? Is the looting covertly being driven by white supremacists on the one hand or ANTIFA on the other?

In the Bitcoin community, some have plumbed the “Bitcoin Fixes This” meme to argue that the core underlying issue has to do with a monetary system that structurally creates inequality. Others have clapped back against pushing that meme in this moment.

In this episode of The Breakdown, NLW looks at:

  • What bitcoiners are trying to say when they apply the “Bitcoin Fixes This” meme to this moment.
  • Why the current system structurally exacerbates inequality.
  • Why the meme fails to capture additional economic, political and power dimensions of what’s going on.
  • Why the meme in this moment might feel so out of place as to inspire the opposite of its intended effect: turning people away from bitcoin rather than making them want to learn more.
  • Why Satoshi’s “If you don’t get it, I don’t have time to explain it to you” quote is the most misused and abused of his sayings.
  • Why complexity and nuance, not memes, are needed now.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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'The best Sundays are for long reads and deep conversations. Recently the hosts of the Let's Talk Bitcoin! Show gathered to discuss state sponsored propaganda, corporate censorship and how cryptocurrency or decentralization changes the game.

The rallying cry of the totalitarian is "He farted first", but if both systems have produced similar outcomes, is there much of a difference? Inspired by a recent article in the Atlantic, in today's wide-ranging discussion the hosts of Let's Talk Bitcoin! dig deeply into the questions of censorship, propaganda and how things are both better and worse than in years past.

The episode is sponsored by eToro.com and The Internet of Money Vol. 3

Shownotes:

  • Who are they censoring from and how do we unpack this manipulation?
  • The rallying cry of the totalitarian is always “He farted first”
  • Who gets to decide what is censored?
  • The squeaky wheel of child pornography gets the attention, the much more insidious problem of silencing certain voices, or giving preference to other voices.
  • Propaganda goes hand-in-hand with censorship
  • Propaganda is harder to detect ‘reverse censorship’
  • Private platform curation have the right to moderate which can be interpreted as censorship.
  • You have to choose if you’re a publisher or a platform
  • What if AT&T listened to your phone calls, sold ads against them and disconnected you whenever you say something that would trouble sponsors?
  • Common carriers vs. publishers
  • FOSTA, SESTA and turning platforms into publishers
  • Crony capitalism will always co-opt government
  • The only way to win is not to play
  • The only way to not be coopted as a protocol is to have it not be owned by anyone.
  • It may be impossible to be a platform if you’re not a protocol
  • Information overload and compartmentalization
  • Are the solutions that are being proposed the solution that we need to solve this problem?
  • What kind of side effects does the solution have?
  • It’s one thing to say “there are idiots out there who have not developed critical thinking and are easily swayed and we need to fix this” and a whole other thing to say “And that’s why only the landed gentry should vote”
  • Do tech companies think they’re helping?
  • Benevolent fascism is still fascism
  • The public school system was never meant for the average person to be able to form their own opinion, “it is for factory men not philosophers”
  • Manufacturing consent with the power to control, censor, frame, set up the base assumptions of belief and then seek to nail them down.
  • A dictatorship of the mind is far more effective than a dictatorship of violence.
  • If Let’s Talk Bitcoin! Were on Youtube, we wouldn’t be able to say the word Covid-19. Avoiding totalitarian controls means missing opportunities presented by big would-be platforms.
  • Government surveillance vs. private surveillance provided to the government
  • What we learned from Edward Snowden
  • Does China commercialize surveillance?
  • If both systems have produced the same outcome, is there much of a difference between them?
  • A virtual prison camp
  • Suppression of information does not translate to changing reality
  • Biblical verses in the blockchain and
  • “A platform puts data out but search is editorialism”
  • Phone numbers, the yellow pages, cocaine and liability
  • Privacy, anonymity and another form of censorship
  • We need 30 different words for different kinds of censorship
  • Is it censorship when private companies do it?
  • Where did the word censorship come from and what words should we be using?
  • “The problem with censorship is not the content, it’s the person in which the control is vested”
  • Is this worse because of growing polarization and partisanship?
  • Was the internet free-er when nobody used it?
  • Letters to the editor and platforms that amplify
  • Even more insidious than censorship are the algorithms choosing what is seen and by who.
  • Geographic boundaries vs. idealogical boundaries and the demise of newspaper monopolies on local discourse
  • 5G and Coronavirus: Niche ideas wouldn’t propagate if censorship worked
  • The Streisand effect, reach and survivor bias
  • The influence that Google’s page-rank has on congressional primaries
  • A generational divide in social media management skills and critical thinking
  • Masks, conspiracy theories and narrative control
  • Manipulating the wisdom of the crowds as manipulating the wisdom of society
  • Censorship by private forces for profit and by government for state control, and the coalition of the two.
  • Censorship as controlling access to the publishing of information vs. controlling what is amplified vs. how much reach it has.
  • A big difference is visible in implementation of severe consequences for speech
  • The chilling effect of harsh penalties and being “disappeared” for speech
  • Ostracism, state punishment or private corporate consequences
  • What are your favorite words or terms for specific kinds of censorship? Send us an email at adam@ltbshow.com
  • If you light your brainfarts on fire, is that flaring?

Credits

This episode of Let's Talk Bitcoin features Stephanie Murphy, Jonathan Mohan, Andreas M. Antonopoulos and Adam B. Levine. Music provided by Jared Rubens and Gurty Beats, with editing by Jonas.

Photo by Sebastiaan Stam on Unsplash

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As the economic dimension of the COVID-19 crisis comes into clearer view, what have we learned about the battle for the future of money? Does the dollar reign supreme? Are within-the-system competitors like the euro or China’s digital yuan gaining ground? Does an outside the system alternative like bitcoin stand a chance?

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Over the last month, the “Money Reimagined” series has looked at the battle for the future of money.

Episode 1 focused on the dollar and why it is simultaneously stronger and more set up to fail than ever before.

Catch up: Why the Dollar Has Never Been Stronger or More Set Up to Fail

Episode 2 was all about the obvious contenders to replace the dollar such as the euro or China’s currency, especially as they race towards a digital yuan. It also looked at where Facebook’s Libra might fit in the mix.

Catch up: The Rise of the Dollar Killers

Episode 3 looked at one of the most unique features of this modern currency battle - the fact that there are fundamentally new systems like bitcoin in the running. Can a non-sovereign currency actually be more relevant than global fiats?

Catch up: Where Bitcoin Fits in the New Monetary Order

This final episode of the “Money Reimagined” series checks in on each of the previous episodes but brings a new set of voices to the mix. Between May 11 and May 14, CoinDesk hosted Consensus:Distributed, a virtual summit featuring some of the leading lights in crypto, finance, economics and pop culture. In this episode, we hear from those voices, including:

  • Lawrence Summers - former U.S. Treasury Secretary
  • Christopher Giancarlo - former Chairman of the CFTC
  • Michelle Phan - YouTube innovator and founder of Ipsy
  • Chaoping Zhao - founder and CEO of Binance
  • The Winklevoss brothers - founders of Gemini
  • The Chainsmokers - Grammy-winning artists
  • Carlota Perez - influential economist

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A macro expert joins to discuss why the U.S. dollar and economy are more broadly poised to suck the liquidity from the entire global economy.

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

You know the meme: Money printer go brrr. It means inflation right?

Not necessarily, says Brent Johnson. Since 2016-2017, Johnson has been arguing the big economic issue of our time isn’t inflation of the U.S. dollar due to excess money printing, but the havoc caused by a global system where the dollar keeps getting stronger and sucks up liquidity from the rest of the world.

As the dollar has strengthened over the COVID-19 crisis, his ideas look more prescient than ever. In this conversation with NLW, Johnson discusses:

  • What the “Dollar Milkshake Theory” is
  • Why the implications of the theory stress him out, even though he created it
  • Why everything is relative and no asset can be analyzed in a vacuum
  • Why we could see the dollar, bitcoin and gold rise at the same time
  • Why we can’t discuss macroeconomics without discussing geopolitics and even the military

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Twenty-one different people can reasonably claim to have invented the light bulb, but Thomas Edison is the one we know about. Was it just good PR? According to Matt Ridley, it was because Edison was the progenitor of an “innovation factory” that didn’t just create things but brought them to market in a way no one else did.

Innovation is one of the most important forces in the economy, and arguably the most important driver of human prosperity over the last century. Yet, for most of its life, it has been viewed as some strange exogenous force, rather than as a discipline that could be understood.

In this conversation with NLW and Ridley discuss:

  • Why it took so long for economists to take the study of innovation seriously
  • Why invention is different from innovation
  • Why innovation has tended to concentrate in geographically proximate areas
  • Why free societies produce more innovation than closed societies (including empires)
  • Why China’s innovation production over the last decade may be an exception that proves the rule of innovation thriving in freedom
  • Why government winner picking is a terrible way to inspire innovation
  • Why innovation policy led Matt to support Brexit
  • The rational, optimistic take on the future

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The battle to control narratives is the battle to shape how people understand the world around them. But the traditional gatekeepers of narratives - the media - have never had more competition to shape what is perceived as truth.

In this episode, NLW speaks with Bedrock Capital founder Geoff Lewis about what it means to seek out opportunities in “narrative violations.” They also discuss:

  • Why de-globalization and “onshoring” are likely to be among the most important economic drivers in the U.S. in the coming decade
  • Why the shift to working from home may be an overblown “narrative mirage”
  • How important questions of institutional decay have been co-opted by the culture war
  • Why independent, individuals in the media have more influence than ever
  • Why we’re in a “narrative mirage recovery”

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

On Wednesday, a batch of coins mined just a month after bitcoin’s birth were moved. It was the first time since August 2017 that any bitcoin from early 2009 had been transferred, and the action set Bitcoin Twitter on fire. While a number of bitcoin archaeologists quickly and persuasively argued the tokens were almost assuredly not mined by bitcoin creator Satoshi Nakamoto, it was a moment that reinforced the living history in the bitcoin ecosystem.

In this episode, NLW looks at what makes the Satoshi mythology powerful:

  • Genuine technical innovation and problem solving that had stymied some brilliant minds for decades
  • Incredible instincts around narrative and human psychology, as reflected in the “Chancellor on the Brink” message embedded in the Genesis Block and the ceremony around the halving
  • The incredible contrariness of a creator withdrawing in a world where entrepreneurs are lionized like no one else in society

And while the battles within the bitcoin community around interpretation may look more like the early history of religions than like a business ecosystem, NLW argues that fervor is a key part of what de-risks bitcoin, even for investors who don’t at all care about the mythology.

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The European Union and the euro are part of the most ambitious political and economic experiment of the 21st century. The COVID-19 crisis, however, has exacerbated growing questions of political will and political legitimacy and led some to wonder if the eurozone can survive.

Tuomas Malinen is the CEO of GnS Economics, a macroeconomic advisory firm, and Adj. Professor of Economics at the University of Helsinki. In this interview, he and NLW discuss:

  • Why the European debt crisis was actually a “morally corrupt bank recapitalization project”
  • Why negative interest rates and quantitative easing made the European banking sector particularly weak even before the pandemic
  • Why the German Constitutional Court’s battle with the European Central Bank has major implications for the entire euro system
  • Why European leaders are pushing for deeper integration when citizens want more lightweight integration
  • Why European nations would be more likely to support one another in bilateral arrangements rather than through forced solidarity
  • Why the only way to save the European Union might be to let the euro fade away

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The dollar has a unique role in the world due to its reserve currency status. For many years that status has created incredible opportunities for the U.S. Increasingly, however, some are wondering if the global standard has outlived its usefulness - not only for the world but for the U.S., too.

In this illuminating conversation, one of FinTwit’s brightest minds, Lyn Alden, shares her perspective on:

  • Why we’re at the end of a strong dollar cycle
  • Why the Federal Reserve is terrified of the global dollar shortage
  • The difference in creditor vs. debtor nations
  • The concept of the Triffin dilemma
  • Why Japan has been able to print money without seeing rampant inflation
  • Why we have inflationary and deflationary forces competing to influence the U.S. economy
  • Why debt is going to matter more than ever
  • What alternatives to the USD system might look like

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Jamie Catherwood works at O’Shaughnessy Asset Management, a quantitative long-equity investment firm. More importantly, however, he is the finance history guy on Twitter. His “Financial History: Sunday Reads” curation pieces and longer form articles on his site Investor Amnesia have become required reading for anyone who wants the historical context for current financial issues.

On this episode of The Breakdown, Jamie and NLW discuss:

  • Financial lessons from previous pandemics, including the 14th century bubonic plague; an 1892 Cholera outbreak in Hamburg, Germany; and, of course, 1918
  • Strange parallels between 1918’s Spanish flu and the current Coronavirus crisis, including an increase in the price of oranges
  • The concept of “Minsky Moments,” a key inflection point in bubbles where over-exuberant markets become unwound extremely quickly

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Albert Wenger is a partner at Union Square Ventures as well as a prolific thinker and writer. His “World After Capital” is an evolving digital book project that looks at a set of megatrend shifts as the world moves between economic paradigms from the Industrial Age to the Knowledge Age.

In this wide-ranging conversation, he and NLW discuss:

  • Why attention is at the center of the new Knowledge Age
  • Why markets can’t price crucial needs such as pandemic preparedness
  • Why the new era will be defined by three categories of freedoms: economic freedom, information freedom and psychological freedom
  • Why universal basic income has an important role to play in economic freedom
  • How UBI could avoid political capture
  • Why technology is inherently deflationary
  • Why real estate, education and health care should be much cheaper than they are
  • Why community currencies could be a key innovation from the current crisis

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Niall Ferguson has called this moment an “age of experimentation” when it comes to currencies.

One of the unique features of this moment is the experiments are not limited to the traditional actors. It is not just nation-states trying to elevate their currencies in the face of the global dominance of the dollar, but non-sovereign monies born of decentralized networks that are plausible contenders in this game of currency thrones.

Bitcoin was a byproduct of the last financial crisis. This connection was immortalized in the message embedded in the genesis block: “Jan 03/2009 Chancellor on the brink of a second bailout for banks.”

More than a decade on, in our new financial crisis, the size, scale and implications of that bank bailout seem positively quaint in comparison.

This episode looks at where bitcoin and other permissionless, non-state cryptocurrencies fit in the battle for the future of money.

It starts with a look at the bitcoin narrative in the wake of the market crash. With the most significant stock market correlation of its life, did bitcoin’s digital gold narrative evaporate alongside the S&P 500?

From there, we move to an asset that has been massively in demand since the beginning of the crisis: USD stablecoins. We explore whether this is simply an affirmation of the supremacy of the dollar or represents a more disruptive force in the global monetary order.

We conclude with a look at the relevance of bitcoin on the other side of the crisis. As the market moves from deflationary to inflationary, there are many who will be looking to hard assets and sound money as a cure. In that context, bitcoin could thrive.

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

This is the second in a series of episodes on how the economic crisis is challenging and transforming different industries. NLW looks at:

Movies

  • Direct releases are already making more than box office counterparts
  • AMC is on the verge of bankruptcy (or buyout by Amazon)
  • Production is on hold and even when it resumes, likely to have strict rules on how it is carried out

Sports

  • Depending on your study, between 61% and 72% of people surveyed say they’re unlikely to go to live sporting events even after lockdowns are lifted
  • Colleges losing $18B+ in sports related revenue
  • eSports alternatives surging - with conversations on Twitter up 71%

Advertising

  • Industry took 8 years to recover from Great Financial Crisis
  • Ad spending already down massively in March/April - down 38% in digital, 41% on TV, 45% on Radio, 51% on outdoor.

Education

  • Of public schools, only 22% are offering any live instruction
  • Before crisis, college debt had increased 107% between 2009-2019
  • Since the 80s, cost to attend college had grown 8x the growth in wages
  • Estimates of 15% fewer enrollments and $23B in lost revenue

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Two powerful and diametrically opposed forces are shaping the economy.

On the one hand is inflationary economic policy, which keeps the price of assets like real estate and stocks rising ever higher, but at the expense of savings as the value of currency depreciates.

On the other is technology-wrought deflation. As technology increases its capacity exponentially, it causes everything it touches to be less expensive.

Jeff Booth is the author of “The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future.” In this conversation, he and NLW discuss:

  • How today’s system came to be designed
  • Why policy makers are terrified of deflation
  • Why inflationary policy punishes savers and forces them into riskier markets
  • How policy that prioritizes asset holders over savers has significantly exacerbated inequality
  • Why each dollar of debt is producing less real economic growth than ever before
  • Why proposed “solutions” like MMT and UBI paper over the root causes of the problem

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

There is a shared sense that the world has shifted. Now begins the messy work of figuring out what it means for the future we’re headed into.

This live episode of The Breakdown podcast, recorded during Consensus: Distributed with NLW, features four conversations about how the future is shifting before our very eyes.

  • How We Game and Entertain Now - featuring Kathleen Breitman, co-founder of Tezos and founder of blockchain game studio Coase
  • How We Identity Now - featuring Muneeb Ali, CEO of Blockstack
  • How We Bank Now - featuring Caitlin Long, founder and CEO of Avanti Financial Group
  • How We Event Now - featuring CoinDesk’s Joon Ian Wong

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Last week, investing legend Paul Tudor Jones rocked the world of crypto and traditional markets with his full throated entrance into the bitcoin market via his latest letter to Tudor BVI investors.

While the headlines (and the quick price bump on the back of FOMO buying) were great, the story is even more interesting than the soundbite.

In this episode, NLW breaks down Paul Tudor Jones complete case for bitcoin, looking at:

  • The context and previous attitudes towards bitcoin of both authors of the letter
  • The “Great Monetary Inflation” thesis driving a focus on stores of value
  • How money supply growth compared to real economic output growth hasn’t been this out of sync since inflationary periods in the 1970s and 1980s
  • The “Inflation Race” - a list of 8 potential inflation hedges
  • The four categories by which a store of value can be judged: purchasing power, trustworthiness, liquidity, portability
  • A ranked look at bitcoin, gold, fiat, and financial assets in the context of those four categories.

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Although some believe bitcoin mining is a wasteful activity, on today's show we dig into the relative world of constant fuel production, lumpy demand and bitcoin based load balancing.

After years of bitcoin mining domination by china-based miners, some US power producers, both professional and incidental, are beginning to get into the game as a way to be more green. It's a narrative reversal if ever we've seen one and if proven successful by the early players could change the bitcoin mining landscape as we know it.

But even without a "Green Bitcoin" narrative in the US, one of China's two major mining advantages has evaporated as Moores Law stretches out the useful lifespan of modern bitcoin miners hardware.

Correction: Before installing miners, Greenidge Generation previously shut down during off-peak season, during the episode Adam incorrectly stated that it previously shut down during off-peak hours.

Today's episode features Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine

This episode features music by Jared Rubens and Gurty Beats. Today's show is edited by Jonas, and sponsored by eToro.com

Photo by Thomas Kelley on Unsplash

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CoinDesk reporter Leigh Cuen is joined by attorney Preston Byrne, a partner at the Washington, D.C. office of Anderson Kill, to talk about fraud and constitutional rights.

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

“There is really very little difference, at least in the point of origin...whether something is a scam,” Byrne said, regarding inaccurate blogs and representations of software projects. “Take Ethereum, for example. Ethereum had all manner of promises that were made...the statements coming from the Ethereum Foundation were somewhat more measured.”

Regardless of whether any particular project is an attempt at fraud, it’s likely that online money schemes of every variety will become more common during this coronavirus crisis. According to Thomas Papageorge, head of the Consumer Protection Unit at the San Diego District Attorney’s office, there’s a “clear pattern” of more white-collar crimes since the recession began.

“The rate of incidents, the amount of fraud, does increase dramatically during an emergency situation like this,” Papageorge said. “I’ve heard about new types of scams that involve cryptocurrency … investment scams and bogus advice about protecting your savings or bitcoin.”

Bitcoin evangelist Andreas Antonopoulos tweeted that fraudsters were impersonating him to offer unemployed people fake jobs, identity thieves looking for personal information. Likewise, CoinDesk impersonators are also targeting people across the sector.

According to Carnegie Mellon University economics professor Sevin Yeltekin, the financial stressors people are experiencing today make them “more vulnerable to those scams.” However, there is a silver lining, she said, because businesses that survive the current recession will do so because they reimagined how they operate, including “risk management.”

Even tech-savvy people like Lisa Gus, startup investment lead at the Government Blockchain Association and co-founder of the startup WishKnish, can be vulnerable to fraudsters in such stressful times. Gus said she spent several weeks being led on by a scammer impersonating a Binance employee, before her startup’s security solution MetaCert identified a phishing domain behind the fraudster’s email account, support@communitybinance.org.

“About LinkedIn, I’m not the only one being inundated with fake [investment] offers...the amount of propositions I’ve been getting (is up),” Gus said. “Especially for larger companies, it’s impossible to track profiles that are associated with them.”

With regards to this instance, a LinkedIn spokesperson recommended members “take precautions” in these trying times and “report any messages or postings they believe are scams to us so we can investigate."

Larger companies often charge early stage blockchain projects for working together, whether it’s cited as marketing costs or listing fees. In Gus’s case, the fraudster had due diligence paperwork and non-disclosure contracts, which made the scammer’s request for a bitcoin deposit less suspicious.

As for retail users, ShapeShift CEO Erik Voorhees has “definitely seen more phishing attempts” since early March. Likewise, a Binance spokesperson said so far in 2020 the company saw an average of 180 scam reports per month, which dwarf the unreported instances. So the exchange offers a public verification tool to check whether websites, phone numbers, emails, Telegram and WeChat handles are actually affiliated with Binance.

That’s why the blockchain explorer Etherscan launched the “EthProtect” program in April, to tag wallet addresses reportedly used for fraud. Etherscan CEO Matthew Tan said the company uses internal “circuit breakers” to minimize false positives and aims to provide users with “actionable data” to make “informed choices” about who they transact with.

As for the attorney Byrne, he said in some cases cryptocurrency projects may run afoul of consumer protection issues, even if they are not considered unregistered securities or frauds.

“There’s a range of representations of things, what you can say about things, that aren’t necessarily true but aren’t fraudulent,” he said.

The fact is, cryptocurrency now exists. People will use it unethically, the same way they do with all other forms of money. But there are lawful and constructive ways to use the technology as well.

“You can operate a bitcoin business in a regulatory compliant fashion,” Byrne said. “However, it requires a lot of work and advice and design to do that correctly.”

Want more? Read my article about how the University of New Hampshire Law School is capitalizing on demand for blockchain expertise in the legal industry.

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“Some of the greatest theorists about money…thought it better to be multiple competing currencies rather than a single global standards, and there were plenty of periods in history where that was the case. Standardization of money came relatively late to the world. One of the lessons of history is that with globalization comes a tendency for a particular currency to become the number one dominant currency for transactions, for trade, for international reserves. A great question to ask is: globalization enters this phase of crisis: will there be some other transition from the dollar to another currency? Or could we see a reversion to a multipolar, multi currency world?” - Niall Ferguson

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

On the first episode of Money Reimagined, we looked at the strange paradox of the US dollar. On the one hand, massive stimulus fueled by money printer go brrr should suggest for inflation. At the same time, however, there is no denying that the dollar is stronger than ever, rising in value compared to other currencies in spite of that inflation potential.

There is a sense among many, however, that this strength is relative, temporary, and above all, unsustainable. In a world where a global dollar based monetary system does not serve the interest of the world, what replaces it?

This episode is about the sovereign contenders - in other words, the currencies that would work through existing power structures and paradigms, but replace the dollar with something else.

We look first at the Euro. Created in the wake of the Cold War to bind a newly reborn Europe in shared identity and economic destiny, it entered the COVID-19 crisis in a beleaguered state. Brexit had taken the most valuable economy out of the union and flagging economies within it created significant fragility. What’s more, Europe simply doesn’t have the monetary tools available to a country like the United States. Peter Zeihan, the geopolitical strategist and author of Disunited Nations, explained it like this:

“There’s nothing that the Europeans can do in terms of stimulus spending without raising debt. Even if they decided to do something like QE - which last time took years - they would now have to have the debate over who gets how much. The Europeans are having a hard time raising the capital necessary for dealing with this crisis, whereas the US can just flip a switch.”

CoinDesk’s Chief Content Officer Michael Casey pointed out that the EU is also dealing with questions of political validity, with COVID-19 exacerbating a fundamental issue.

“The capacity of the EU to act in unison and the common interest the EU is supposed to represent kind of fell apart. All of a sudden, borders got shutdown and it was each nation to him or herself. So the EU’s validity to manage this has been challenged. COVID is a force for decentralizing power. From a currency perspective, the value of these currencies are political questions. Therefore the EU’s political validity is being questions right now. I’m not sure that’s going to be a very positive environment for the Euro.”

**

The next contender profiled is the Libra project. While much of the initial conversation about the Libra focused on the past transgressions and potential political illegitimacy of its founding organization of Facebook, for economists and system thinkers, the most powerful idea contained in the project was the idea of a global currency standard backed by a basket of the world’s fiat rather than pegged to any single currency. In many ways, this harkened back to John Maynard Keynes’ Bretton Woods proposal for a bancor - separate from the individual currencies of nations around the world. Indeed, in many ways, the most interesting impact of Libra initially was getting global central bankers like Mark Carney to propose their own ‘synthetic hegemonic currencies.’

Finally, we look at China’s digital currency or DCEP. Is it an unbelievable surveillance honeypot? An attempt to front run the West on a key technological innovation? A method of extending economic spheres of influence? Or is it all of the above?

Music by DJ J-Scrilla "Faith In My Money (Money Printer Go Brrr)" from the new “Sound Money” album.

Produced by NLW and Adam B. Levine. Edited, Scored and Announced by Adam B. Levine with production assistance from the rest of the team at CoinDesk.

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The bitcoin halving is just a few days away and the growing excitement is palpable. On this episode of The Breakdown, NLW argues that the excitement is also legitimate, and looks at nine reasons why bitcoin has never been stronger going into one of its every-four-year issuance reductions:

  • Price
  • Hash rate
  • Mining competition
  • Accessibility and Services
  • Infrastructure
  • Institutional awareness and participation
  • Narrative relevance
  • Perceived and real resilience
  • Lindy effects

Oh, and let’s not forget. Paul Tudor Jones just disclosed that he is invested in bitcoin and sees it as a hedge against ‘great monetary inflation’

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries:

Travel and tourism

  • 100m lost jobs expected globally
  • $2.7 in lost GDP
  • Airbnb lays of 25% of employees

Music & Concerts

  • From a record $12.2B concert year to a loss of $9B
  • Expectations of concert prohibition lasting up to two years
  • Industry organizing to be included in relief

Real Estate

  • Commercial real estate expecting 2.5% default rate for 5+ years
  • Negotiations around sales-based payment instead of traditional rent
  • Residential sees cratering demand but home prices remain up year over year

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

In a world of centralized mobile money solutions, do decentralized, permissionless currencies matter?

Around the world, an estimated 1.7 billion people remain unbanked and lacking access to high quality financial services.

Some projects see cryptocurrency as an answer. In this episode of The Breakdown, NLW speaks with Celo co-founder Marek Olszewski about:

  • How Celo was designed differently to address financial inclusion as a primary use case
  • The problems with centralized approaches to mobile money like m-pesa
  • Why true financial inclusions solutions must be permissionless
  • Why technology design isn’t enough and projects that seek to gain adoption require ground up go to market strategies
  • The impact of Libra’s launch on the “bank the unbanked” narrative
  • How the COVID-19 crisis has changed the narrative around and demand for stablecoins globally

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

One month after the bankruptcy of Lehman Brothers in 2008, Warren Buffett wrote an Op-Ed saying that he was buying stocks. Yet during the Coronavirus crisis, he is sitting firmly on the sidelines.

On Saturday night, the “Oracle of Omaha” spoke for 4.5 hours in the first ever virtual version of the Berkshire Hathaway annual shareholders meeting - an event which some have called the “Woodstock of Capitalism.”

On this episode, NLW examines some of the key topics of the presentation, including:

  • Why Berkshire sold their entire $6.5B stake in the airline industry
  • Why they were sitting on $137B in cash
  • Why they haven’t made any investments
  • How the Fed gave companies better terms than they were willing to

It was hard not to watch the presentation and conclude that Buffett feels that there are simply too many unknowns in the world going forward to feel comfortable doing much in the market right now.

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F2Pool is the largest bitcoin mining pool in the world controlling 20 percent of the collective computational energy, also called hashrate, on the bitcoin network. On the fifth and final episode of Bitcoin Halving 2020: Miner Perspectives, Heller discussed the economic incentives driving cryptocurrency mining and mining pool operations.

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund

Though miner revenue has decreased sharply over the last two years from around $0.60 per terahash to $0.10, Heller explained bitcoin mining continues to be profitable due to the release of more efficient hardware and the discovery of cheaper sources of electricity. Positive movements in bitcoin price is also a major factor, albeit a frustratingly unpredictable one.

Heller, who operates a slew of his own mining machines, said that without “significant price action” over the next two weeks leading up to bitcoin’s reward reduction, also called the halving, both he and other miners would have no choice but to turn off “older machines.”

For more information about the halving event, download the free CoinDesk Research explainer report which features over 30 different charts and additional commentary from bitcoin mining industry experts.

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Two of CoinDesk’s most popular series, NLW’s The Breakdown podcast and the Money Reimagined newsletter by chief content officer Michael Casey, come together for a special podcast microseries in the run up to Consensus: Distributed, our first virtual big-tent event May 11-15. The Breakdown: Money Reimagined builds on themes Casey explores in his newsletter to tell the story of key arenas in the battle for the future of money -- from the incumbent dollar to the aspirational DCEP to the insurgent bitcoin -- in the context of a post-COVID19 world. The four-part podcast features over a dozen voices including Consensus: Distributed speakers Caitlin Long, Matthew Graham and more. New episodes air Fridays starting May 1 on the CoinDesk Podcast Network. Subscribe here.

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund

Even before COVID-19, 2020 was poised to be a big year in the battle for the future of money. 2019 had seen: Fed intervention in overnight lending markets; the launch of Facebook’s Libra; an acceleration of China’s central bank digital currency; growing acceptance of bitcoin as digital gold and more.

When Coronavirus hit, however, it fundamentally altered the context in which this battle for the future of money would take place.

In late January, China issued a lockdown for the city of Wuhan in Hubei Province. Over the next few weeks, that lockdown as extended to more than 200 million people. China-based blockchain investor Matthew Graham called living through it “the craziest thing I’d ever seen.”

Yet despite such a chaotic blow to the economy of the supply chain capital of the world, US stock markets continued to mint new highs, with the Dow Jones Industrial Average reaching an all time high on February 12th and the S&P500 following suit exactly one week later.

On Monday, February 24th the damn started to break. Caitlin Long, founder of the crypto bank Avanti and 22 year Wall Street veteran said that COVID-19 was “starting to overwhelm the ability of central banks to solve this…You can’t solve a pandemic with liquidity. It’s just not going to work.”

That week would get messier still. By the end of the week, which completed a 10% drop from just 10 days earlier, crypto trader Scott Melker said “This is a historic drop. This is something we haven’t seen since World War II.”

By the first week in March, the Fed sprang into action, calling an emergency weekend meeting to announce a 50 bps rate cut. Unfortunately, the market did the opposite of what the Fed might have hoped. Delphi Digital macro analyst Kevin Kelly put it this way: “What last week’s rate cut did was confirm to equity investors what they didn’t want to admit to themselves: that this was a real risk and something the Federal Reserve was watching as a real threat to economic activity.”

As true fear crept in to markets, stage was now set for a torrent of action and intervention.

In this first episode of Money Reimagined, we look at:

  • Why US markets took so long to react
  • How the stock market became a political utility
  • Why, even before the crisis, “increasingly exotic forms of quantitative easing” were inevitable
  • Why the bailouts have some investors accusing our entire market of being cronyism rather than capitalism
  • What unlimited money printing means for the US dollar.

The key question explored in this episode is what happens to the US dollar next? On the one hand, monetary stimulus like the world has never seen suggests that at some point, we should anticipate an inflationary environment. On the other, the dollar has done nothing but grow stronger compared to other currencies. How can both of these things be true simultaneously.

For that, we turn to insights from Matthew Graham, Caitlin Long, Scott Melker, Kevin Kelly, Ben Hunt, Luke Gromen, Travis Kling, Mark Yusko, Anthony Pompliano, Jared Dillian, Dave Portnoy, Michael Casey, Preston Pysh, Peter Zeihan

Music by DJ J-Scrilla "Faith In My Money (Money Printer Go Brrr)" from the new “Sound Money” album.

Produced by NLW and Adam B. Levine. Edited, Scored and Announced by Adam B. Levine with production assistance from the rest of the team at CoinDesk.

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Danielle DiMartino Booth is the CEO and Chief Strategist of Quill Intelligence. Before that, however, after correctly predicting the mortgage meltdown, she was called upon to serve and spent 9 years as an advisor to the President of the Federal Reserve Bank of Dallas. That experience led her to write “Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America.”

In this episode, Danielle and NLW discuss:

  • How the Fed went from simply corrupt to corrupt and broken
  • Why we’ve been living through the largest experiment in monetary policy history
  • Why interest rates are the lowest they’ve been in 5000 years
  • Why COVID-19 was the pin, not the balloon
  • Why current Fed action compromises the Fed’s independence
  • Why the market structure incentivizes consumption and risk investment over savings
  • Why risk investments have ceased to be risky because of Fed backstopping
  • Why a key concern going forward is a second wave of COVID-19 layoffs in industries beyond the obviously impacted

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The Lebanese pound has lost at least 50% of its value against the dollar since last year. 220,000 people have lost their jobs. Food prices are up 58%. An estimated 75% of the population needs assistance of some kind. And over the last two nights, at least a dozen banks have been torched by protesters.

The catalyst? Not coronavirus, but a massive dollar shortage that is destroying an economy that relies on inflows of US dollars to function.

In this episode, NLW breaks down how Lebanon models what it looks like for a currency to fail, and why this likely isn’t the last emerging market currency to experience a similar crisis in the months to come.

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As the COVID-19 crisis rages, it takes on new economic and political dimensions. The frames for many of the most important questions for the next decade are being set now, in this moment.

On this episode of The Breakdown, NLW is joined by Maya Zehavi, a long-time blockchain consultant known for her insightful domain-spanning takes.

They discuss:

  • How the COVID-19 health crisis overlapped with a political crisis in Zehavi’s home country of Israel
  • Why governments use times of crisis to take extraordinary powers
  • How contact tracing apps have become a battleground for mass surveillance
  • Why the shift to localism from globalism creates new challenges
  • How the problems distributing stimulus are shaping the conversation around central bank digital currencies

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The bitcoin halving is just two weeks away. While the COVID-19 crisis pushed attention off the momentous event for a while, the discussion is coming back fast and strong. Google searches for the bitcoin halving already exceeding the 2016 peak, despite almost no mainstream media coverage.

In this episode, NLW breaks down 4 archetypes of people within the larger debates around the bitcoin halving:

  • Speculators - those who flock to Twitter to engage in endless rounds of debate around the efficient market hypothesis and whether the halving is priced in or not
  • Fundamentals - those who believe that what matters about the halving isn’t the short-term price movement but the fundamental decrease in supply
  • Miners - those who have to actually figure out how to make their business model work in the context of reduced issuance
  • Symbologists - those who are focusing on the significance of bitcoin’s issuance reduction coinciding with QE infinity

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On today's show we've got a pair of interviews for you. First we speak with John Cantrell, the author of Juggernaut, a new messaging layer 3 application being built on top of layer 2 lightning network, which is itself built on top of layer one bitcoin. It's a lot of layers, but as a technological concept currently in beta it's a fascinating project, and we talk about it. (Juggernaut on Github)

After the break we're joined again by Alex Gladstein of HRF.org for a discussion on political expediency in the age of pandemic and what crisis has revealed about various governments, and different types of governments around the world. Alex is one of my favorite returning guests, with his global human rights focused work taking him to some of the most interesting and most oppressed places around the world

"What's interesting is that citizen journalists I know in Taiwan have pressed the government on this and they've gone to parliament and it's all on record, and they've said 'Have these (...) digital contact tracing or cell phone surveillance things been useful?' And the governments said "Only in one case.... Only in one case was this sort of mass surveillance approach been useful', so they've actually been honest with the people... But at the end of the day it does teach us that even the most progressive governments are going to be lured by the sirens call of using surveillance to tackle problems." - Alex Gladstein, Chief Strategy Officer HRF.org

This episode of Let's Talk Bitcoin is sponsored by eToro.com and features content from John Cantrell, Alex Gladstein and Adam B. Levine. Todays show features music by Jared Rubens and Gurty Beats with editing by Jonas. Album Art original photo by Goh Rhy Yan on Unsplash

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In this episode of the Bitcoin Halving 2020: Miner Perspective podcast series, we take a trip down memory lane back to the early days of bitcoin when miners first began competing for network rewards.

“I think the introduction of [Application Specific Integrated Circuits] was a watershed moment in terms of changing the way bitcoin was mined and secured,” said Galen Moore, senior research analyst for CoinDesk. “If you know that a more powerful machine will get you more reward, make your business more profitable, you’ll be looking for the next more powerful machine all the time knowing that your competitors are doing the same.”

Dave Carlson who participated as a bitcoin miner in the arms race for more advanced cryptocurrency mining machinery back in 2012 and 2013 admitted that at the time “the Chinese engineering firms and Chinese producers of this technology far surpassed our ability and speed to get something to market.”

However, there was a turning point in 2015 and 2016 when mining operations in China started to subside and coalesce in other regions parts of the world such as North America. More efficient power production, Carlson said, was the primary motivation for this shift.

In lead-up to the next bitcoin halving event in May, some bitcoin miners are looking at leveraging what Moore and Carlson describe as “surplus energy” to make operations even more cost-effective. Surplus energy is the run-off or waste fuel released by natural gas and hydro power plants that can be repurposed to mine bitcoin for zero cost. This could be a major technological breakthrough for mining if proven to work at a large scale, Carlson said.

To download or stream this episode, you can go to Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. For early access to future episodes, be sure to click subscribe on these channels.

For more information about the bitcoin halving, download the free CoinDesk Research explainer report which features over 30 different charts and additional commentary from mining industry experts.

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Yan Pritzker is the CTO and cofounder of Swan Bitcoin, an automated bitcoin only investing app aiming to be the best onramp to bitcoin. He is also the author of Inventing Bitcoin.

On this episode, he and NLW discuss:

  • How immigrating from the Soviet Union taught Yan about capital controls
  • Buying bitcoin at $30 in 2011
  • Why the type of capital available shapes what type of startups entrepreneurs found
  • Why venture capitals focused investments away from bitcoin
  • The emergence of a bitcoin only startup scene
  • Starting a startup during the COVID-19 crisis
  • Why bitcoin’s scarcity is its most important property

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One of the key aspects of most plans to reopen the economy is digital contact tracing. This would be an apparatus whereby mobile phones kept track of the other mobile phones they had been physically proximate to, so that if someone were diagnosed with COVID-19, the at-risk people they had been in contact with could be notified. Apple and Google have proposed one plan while a European consortium is working on another.

At the center of the issue is whether contact tracing can be done in a way that doesn’t violate privacy and doesn’t open a Pandora’s box of new issues around the data governments have on their citizens.

Today’s episode of The Breakdown explores the crypto community’s response to contact tracing and why we don’t need big brother to beat the virus.

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In this episode Anita speaks with Alakanani Itireleng, who founded the Satoshicentre in Botswana in 2014 and single-handedly built a growing Bitcoin community. She is the heart and center of Bitcoin education there, even the government is relying on her consultancy. This interview was recorded as Anita traveled through southern Africa in February of 2020, just days before the Covid-19 lockdowns went into effect. Her greatest ambition, the organization of a Bitcoin conference in Southern Africa will not come true soon. If you’d like to support her work and the Satoshicentre – please do so, her Twitter handle is @bitcoinlady.

“Bitcoin is for everyone, Bitcoin is the currency of love.” – Alakanani Itireleng

“Bitcoin is allowing me to use and receive money from anyone and to send it to anyone around the world without discriminating. That’s the most excellent thing about Bitcoin. It’s money for everyone, regardless of where you are coming from, your race or creed or whatever. So it’s the best.” – Alakanani Itireleng

They talk about:

  • How her sons illness and death lead to the first meetup
  • The internet as “white people’s problem”
  • The high unemployment rate in Botswana
  • The cost of internet connections
  • Ponzi schemes and how they are disturbing bitcoin adoption
  • Bitcoin usecases and regulation in Botswana
  • Exchanging the local currency Pula to Bitcoin
  • African countries on the forefront of adoption
  • Her opinion about Libra and Lightning
  • Mobile Money in Botswana
  • The Future of Bitcoin in Botswana

A message from Anita:

If you have a question, feel free to visit the episode page https://bitcoinundco.com/en/africa6 press the appropriate button and record your question.

This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.

I want to thank my sponsors first: Thank you:LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and thewhatbitcoindid podcast,Coinfinity and theCard Wallet,SHIFT Cryptosecurity, manufacturer of the hardware walletBitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.

This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on theCoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work.

Thanks goes also out tostakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world.

Thank you also toGoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and toTeam Satoshi, the decentralized sports team for supporting my work.

This special is also brought to you by theLet’s Talk Bitcoin Network.

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QE infinity. Corporate bailouts. Nudgin UBI. The incredible economic phenomena going on now didn’t happen out of the blue. They are the byproducts of a key events spread across the 70 year history of the US dollar led global monetary system.

Luke Gromen is the founder of Forest From The Trees, a macro/thematic research firm. In this episode, Luke provides a TL;DR on those key events that got us to where we are today, including:

  • Bretton Woods and why the world went on a USD-based system rather than Keynes idea for a non-sovereign ‘bancor’ world reserve currency
  • The move to the Petrodollar in the 1970s
  • The financialization of commodities that started in the 1980s
  • The monetary policy vacuum after the Cold War ended
  • How a shift in executive compensation rules led to many of today’s problems with Wall Street
  • The export of Treasury Bills as a business model
  • The fallout of 2008 globally and domestically
  • The end of Treasury Bill buying in 2014
  • Why the Fed is the only sugar daddy left

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Joe McCann currently works in cloud and AI at Microsoft and has spent decades in tech, crypto, and open source communities. He recently wrote a piece called “A New, New World Order” all about the second and third order effects of Covid-19.

In this conversation, Joe and NLW discuss:

  • Localism and the beginning of the end of globalization
  • The return of domestic manufacturing
  • The ‘Roaring 20s’ of Inflation
  • The inevitability of Universal Basic Income in response to inflation
  • QE infinity and the US’s nationalization by proxy
  • National healthcare as national security and why microbes are this decade’s terrorists
  • Proof of health, and why it’s likely to be implemented on a blockchain

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It’s hard to look at recent news from both crypto and traditional markets and not feel like we’re getting pretty mixed signals. Stocks have been recovering, but oil is hitting historic lows. DeFi suffers a major hack over the weekend, but Coinbase sees a major spike in $1200 transactions right as $1200 stimulus checks hit. Cash hoarding is giving pretense for eliminating privacy-preserving money, but one of the world’s most successful hedge funds has authorized investment in bitcoin futures.

On today’s episode of The Breakdown, NLW separates bullish from bearish signals for the strange in between times.

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On today’s episode CoinDesk reporter Leigh Cuen sits down with Bram Cohen, author of the BitTorrent protocol and CEO of Chia. In this wide ranging interview they talk Bram’s early interest in “hard problems”, his unexpected ascent from sketchy to celebrity and much more.

Leigh and Bram discuss:

  • The real promise and strengths of cryptocurrency
  • Really interesting problems in cryptocurrency
  • Getting started in crypto 20 years ago with MojoNation and glorious failure.
  • The origin of BitTorrent
  • Speculative investment, the dot com boom and where real wealth comes from
  • The Bitcoin Wizards IRC channel and Bram’s arrival in crypto
  • How the Bitcoin Wizards stance on ASIC resistance led to Bram’s creation of ‘Proofs of Time’ and ‘Proofs of Space’
  • Getting rich as a side effect of making the world a better place
  • Scaling, sharding and unsophisticated engineering
  • Why ‘Proof of Stake’ is a step backwards from ‘Proof of Work’
  • A system that doesn’t suck: how engineers try and fail to improve the finance industry
  • Unregulated banking crisis, shadow banking and hiring the smartest minds to obfuscate leverage
  • Why trusted third parties are the problem
  • Satoshi’s wonderful, horrible idea and the obviousness of proof of work.
  • What Satoshi did surprisingly well
  • Why improving proof of work wouldn’t really improve bitcoin.
  • Coherent goals: more decentralized and less wasteful
  • Both Proof of Work and Proof of Stake have a scary degree of centralization
  • Ethereum’s terrifying improvements to the on-chain programming environment
  • New functionality within Chia that helps cryptocurrency feel less like “carrying around hundred dollar bills”
  • Limiting opportunities for theft with user controlled rate and recipient limiting
  • Thinking about ecosystems and adoption
  • What is your favorite use case for cars? Is it Tires?
  • Open source software, politics and adoption
  • What is the role of advocacy in making something useful?
  • Why bitcoin gets a bad reputation for things it doesn’t have strong associations with.
  • Why “governance” is such a touchy topic
  • Why Chia is funded by Venture Capital rather than token offerings
  • How Bitcoin is different from what’s come after it
  • “Our technological capacity exceeds our political will to negotiate the terms of that capacity”
  • Why Bram hates the “Fake it til’ you make it” ethos
  • Engineering sticker shock
  • The “everyone uses cryptocurrency for everything” narrative vs. the “How do we get anyone using Cryptocurrency for anything good?” reality
  • Better metrics for success than “Getting rich”
  • Great leaders and bullshit artists
  • Bitcoin’s trajectory and the meritocratic history of technology
  • Colored coins, distributed identity, timestamps and censorship resistant value
  • Minimal functionality, subtle cleanups and simplified transaction formats in the Chia programming environment
  • And more...

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For more information about the bitcoin halving, download the free CoinDesk Research explainer report which features over 30 different charts and additional commentary from mining industry experts.

“If price performance following the November 2012 and July 2016 halvings are any indicator, bitcoin’s price should increase significantly over the 10 to 12 month period following the [third] halving.”

That’s Ciara Sun, head of global business and markets at cryptocurrency exchange Huobi. Speaking on the third podcast episode of “Bitcoin Halving 2020: Miner Perspectives,” Ciara was joined by Chief Financial Officer at Bitfarm, John Rim. The two shared their insights on the expected market impacts of bitcoin’s third halving event.

Sun noted that many crypto investors are expecting a substantial bitcoin price increase in the months following the 50 percent reduction in bitcoin block subsidy rewards. However, Sun also caveated her statement saying the market dynamics leading up to May’s halving event are “more complicated” this time around due to global events such as the COVID-19 outbreak.

No matter the impact on bitcoin’s market price, Rim affirmed that miner revenue per terahash would likely readjust and normalize to pre-halving levels as a result of mining difficulty adjustments. “The whole network relies on mining for the validation of transactions and for a self-incentivized system like bitcoin, you need miners to be profitable,” Rim said.

To download or stream this episode, you can go to Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. For early access to future episodes, be sure to click subscribe on these channels.

Photo by Zbynek Burival on Unsplash

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Bitcoiners are particularly sensitive to Fed intervention in markets, but the degree to which the Fed is willing to print to backstop basically all risk is drawing the attention of even normal market participants.

On this episode of The Breakdown, NLW is joined by Jared Dillian, market analyst, contrarian, and editor of The Daily Dirt Nap. They discuss:

  • What ‘safe haven’ means in today’s climate
  • How Jared became a bitcoin believer after being a skeptic
  • Why in an MMT world, taxation policy will be driven by ideology not practicality
  • Why money is losing its meaning

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This week saw the latest salvos in the battle for the future of money.

Libra announced that it would be moving away from a single currency that was backed by a basket of national currency to a model of numerous individual fiat-pegged currencies. While the original model was akin to a disruptive implementation of John Maynard Keynes original concept for a global basket currency (which he called a “bancor”), this model seems more to position Libra to help existing central banks digitize their currencies.

China meanwhile steamed forward with its digital currency and blockchain plans. Screenshots of an app from the Agricultural Bank of China show how the DCEP (Digital Currency Electronic Payment) is currently being tested, giving us insight into functionality, geographies and players involved.

China also announced the 71 members of its National Blockchain Council, as well as went live with their Blockchain Service Network. The BSN in particular has potential significance on a world scale as China tries to build and control a key piece of global digital infrastructure.

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In this episode, we'll join Anita Posch in Zimbabwe as she speaks with Tongayi Choto, a software developer, entrepreneur and a bitcoin maximalist. He founded Afriblocks, a Global Pan-African Freelance platform that connects professionals across the world. They talk about the problems young Zimbabweans are facing and Tongayi's approach to make lives better. Later, Anita answers listener questions about the current use of bitcoin, other methods of payment in Zimbabwe and more.

Topics:

  • Africa: high potential, but not enough opportunities
  • Pan-African Freelance network
  • Payments in cryptocurrencies
  • The use of smart contracts for releasing funds
  • Scams like MMM, Onecoin, bitclub
  • The Volatility of bitcoin being a huge problem for poor people
  • The impact of the Lightning Network in Africa
  • Internet bundles

Listener Questions:

  • What is preventing widespread usage of bitcoin? Tech? Awareness? Laws? Working, cheap alternatives (Ecocash)? Fees?
  • Are there bitcoin OGs in the community and if so are they still actively supporting the newcomers?
  • Not sure if M-Pesa is available in Zimbabwe/Botswana. But if so, why would anybody use Bitcoin instead of already available digital payment solutions such as M-Pesa?
  • Did you hear anything about http://beforward.jp and Bitcoin?
  • I am interested how well people understand, if their own governments money is good money for them (in terms of purchasing power, inflation etc). What share of people in your impression are asking themselves this question in these countries?
  • Are Zimbabweans living overseas using bitcoin for remittances? If so, how does this channel work? How do bitcoin remittances compare to alternatives like Western Union?

A note from Anita:

This podcast special and my trip to Africa would not have been possible without my sponsors and supporters. I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.

This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com - stakwork is a great project that brings bitcoin into the world through earning.

One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let's Talk Bitcoin Network.

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As week (one million, it seems) of the COVID-19 lockdown plods on, many are wondering what the economy will look like on the other side.

Ryan Selkis is the CEO and founder of Messari. He was one of the earliest voices in crypto to sound the alarm on the potential impact of COVID-19 not only on the health system but on the economy.

In this episode of The Breakdown, Ryan joins @NLW to discuss:

  • Why the markets right now represent an economic and psychological relief rally
  • What it takes to reopen the economy
  • Why voluntary, privacy preserving contact tracing is part of the solution

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Even as the market tries to make sense of everything happen (or ignores it, depending on your perspective), crypto keeps on plugging along.

Today on The Breakdown @NLW looks at 5 recent crypto stories that are representative of larger trends, including:

  • Coinbase Custody enabling staking for Polkadot DOTs
  • A Telegram-focused exchange shutting down due to regulatory compliance costs
  • A $20k Human IPO on Ethereum
  • Shapeshift acquires Portis & other crypto M&A
  • A G20 report on the threat of Stablecoins

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Telegram, the popular messaging app, has big plans for its blockchain Telegram Open Network, or TON. It also had one of the biggest token sales in history, followed by a huge legal fight over it.

The U.S. Securities and Exchange Commission (the SEC) sued the company to stop its $1.7 billion private token sale, saying the future tokens for TON, called grams, are unregistered securities. Telegram argued grams were a commodity. A federal court judge in New York issued a preliminary injunction agreeing with the SEC, blocking Telegram from issuing tokens.

The court battle has been an interesting one, as is the ruling of the judge. Together with two experienced attorneys, Gabriel Shapiro of BSV Law and Phillip Moustakis of Seward & Kissel, we’re unpacking this process, which is likely to set a precedent for other token sales structured as SAFT, or simple agreement for future tokens – starting with Kik and potentially followed by many more.

  • SAFTs used to be a popular form of fundraising in crypto – What went wrong for Telegram?
  • Is there still a chance an ambitious proof-of-stake blockchain will still get launched?
  • Is there still a safe way to raise money via a token sale or not?
  • What are the remaining options for Telegram – and for its investors?

See also:

Judge Halts Telegram Token Issuance in Injunction Requested by SEC

Telegram Hopes It Can Still Sell Tokens to Non-US Investors After Court Ruling

Blockchain Association Says Court ‘Erred’ With Decision to Block Telegram’s Token Issuance

Digital Chamber Asks Court to Draw Line Between Investment Contracts and Assets in Telegram Case

Andreessen Horowitz: “Reading Between the Lines: SEC, Telegram, and Rule 144”

SEC Settles Securities Registration Charges Against 2 ICO Startups

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How are bitcoin (BTC) miners strategizing for the upcoming halving event in which block reward subsidies will be cut by 50 percent? On this week’s episode of “Bitcoin Halving 2020: Miner Perspectives,” Kristy-Leigh Minehan and Pavel Moravec give an in-depth explanation of what miners are doing to maximize profits and increase operational efficiency.

Since October, Minehan explains, bitcoin mining farms have been getting on “the upgrade train” and purchasing state-of-the-art ASIC machines such as the Antminer S17 and S19. Moravec says bitcoin miners have also been looking at creative ways to cut electricity costs by leveraging surplus energy from certain cities’ power grids.

What started primarily as a hobby in 2009 has flourished over the years, gained broader adoption and ultimately evolved into a new, professional industry.

“We’ve gotten to a point in bitcoin’s history where the government is paying attention and has started to realize bitcoin isn’t going away. Mining is not going away. And it’s in their best interest to start working with ... miners,” Minehan said.

Teaming up with local governments and utility providers is another miner strategy both Minehan and Moravec have seen on the increase in recent years. This is why Minehan believes even the geographic distribution of miners, which was discussed in depth in an earlier podcast episode, may further diversify in future to regions such as North America and Europe.

To download or stream this episode, you can go to Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. For early access to future episodes, be sure to click subscribe on these channels.

For more information about the bitcoin halving, CoinDesk Research recently published a 30-page explainer report on these events, which features additional commentary from Minehan, Moravec and other mining industry experts. The report is free to download on the CoinDesk website.

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As we wrap up another crazy week - 6.6m more jobless claims, $2.3T more in stimulus - this episode offers a few key themes and questions for bitcoiners and the crypto-minded to think about over the long Easter weekend:

  • Crypto-dollarization: why money is pouring into USD stablecoins and how it could create a future onramp to bitcoin
  • ‘Quantitative Tightening’: why a new brand for the bitcoin halving could help us better capture a unique narrative moment
  • What it takes to get the economy back to work: beyong the political hemming and hawking, how can we force the real, nuanced conversation of turning the economy back on?
  • What it takes to rebuild as a Resilience Economy - and how can bottoms-up networks get started now?
  • Moments of transition are moments of leverage: what opportunities can each of us take advantage of?

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As host of the Pomp Podcast, author of the daily Off The Chain newsletter, and founder partner at Morgan Creek Digital Assets, Anthony Pompliano is one of the best known media personalities and investors in the crypto industry.

In this episode, he and @NLW discuss:

  • The Fed’s just announced $2.3 trillion stimulus package - including the authorization to buy junk bonds
  • Why media and trust have desiccated to their lowest levels ever
  • The lack of a plan to restart the economy
  • Why Bitcoin was sold in last months larger market sell off
  • Why smart institutional investors are looking to bitcoin as a hedge when the deflationary environment turns inflationary
  • Why companies have to be allowed to fail to increase resilience
  • Why the best way to build a resilience economy is to put money in the hands of entrepreneurs and small businesses

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In part 4 of this six-part documentary podcast series about Bitcoin in Africa we'll join Anita as she speaks with a young woman from Harare, Zimbabwe. She calls herself a 'Digipreneur' and also works as a teacher. Working with her organization, they focus on the digitalization of Africa and aim to improve outcomes in Zimbabwe. With the use of Bitcoin outlawed and the state of human rights and free speech being rather poor in Zimbabwe, Anita and the guest agreed to not mention her name. In this episode they discuss:

  • The opportunities for Bitcoin adoption
  • The shutdown of Golix, the only Zimbabwean crypto exchange
  • The philosophy of Ubuntu and how it relates to Bitcoin
  • Hyper-inflation
  • The future of Bitcoin in Africa
  • How cryptocurrency feels like luxury in Zimbabwe
  • How to design Bitcoin for use in Africa
  • How Libra is a game changer
  • The most used social media tools
  • The need for even more accessibility and ease of use

"If I have a Bitcoin, I can send money to my relatives, who are in Malawi or in Namibia or in Ghana. Currently I can't with our own currency. I can't send money out freely and quickly, but if we can sit down as a community and say okay, we need to buy a new borehole and we can do that just by using our phone. That's an amazing thing. You know, if we look at it from a place of development, if you look at it from a place of helping the community and taking care of each other, if it allows us to take care of each other without having to create so many barriers and so much red tape to get stuff done with money, I feel like when you change that narrative, you speak to something very deep within an African." - Teacher and Digipreneur, Zimbabwe

"Cryptocurrency feels almost like luxury. It's sad because I don't think that's what it's supposed to be, but it was also bearing in mind cryptocurrency was designed in a functioning environment. It was designed by people who maybe haven't spent 12 hours in a fuel queue?" - Teacher and Digipreneur, Zimbabwe

"We need to start having more conversations about the future with the people who are actually affected by the future. Hold workshops under a tree in Binga and have someone who is there who can translate into the local language and have a conversation." - Teacher and Digipreneur, Zimbabwe

You can find the full transcript on the episode page

A note from Anita:

This podcast special and my trip to Africa would not have been possible without my sponsors and supporters. I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.

This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work.

Thanks goes also out to stakwork.com - stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world.

Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let's Talk Bitcoin Network.

Credits:

Edited by CoinDesk’s Podcasts Editor: Adam B. Levine

Image by: Martina Gruber Photography

Idea, content and production: Anita Posch Music: "Start with yes" by Delicate beats

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Demetri Kofinas is the host of Hidden Forces, a popular podcast that examines markets through the lens of large patterns of change.

On this episode, Demetri and @NLW discuss:

  • How the politicization of the Coronavirus crisis has undermined smart action
  • How media incentivizes extreme opinions regardless of underlying expertise
  • What conversations are we not having around Coronavirus - in particular in terms of second order effects
  • Why we’ve barely begun to discuss the plan for turning the economy back on

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Epsilon Theory’s Ben Hunt joins for a follow up to our pre-lockdown Covid-19 conversation in early March. In the month since, the markets finally started to take Covid-19 seriously, elected officials stopped calling it just the flu, and big chunks of the world economy shut down.

Now, as markets rally on early evidence the curve may be flattening, the question is: is this premature?

In this episode, Ben & NLW discuss:

  • How the markets have moved from “denial” to “bargaining”
  • Why this rally has all the hallmarks of a type of bear market rally we’ve seen over the last month
  • Why the predictability of corporate bailouts doesn’t make them any less detestable
  • Why we should be buoyed by an explosion of ground-up, grassroots citizen action
  • How Frontline Heroes is creating a p2p PPE purchasing network that gets essential gear into the hands of health professionals without causing additional price pressure for state-led negotiations

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Second order effects are things that happen as unexpected outcomes of something else happening. These effects can create surprising causal chains.

Take this for example: A pandemic makes everyone need to work from home leads to an increase in video calling leads to Walmart reporting that people are buying more shirts, but not pants.

Emerson Spartz is one of the world’s foremost thinkers on virality and the internet. He founded Mugglenet - the world’s biggest Harry Potter fan site - as a middle school drop out, and would later found and raise tens of millions for Dose.

In the past weeks, Emerson started an open crowdsourced document on the Coronavirus’ second order effects that has, itself, gone viral, especially among venture capitals and other investor circles trying to understand what the world looks like on the other side of this.

Emerson brings a surprisingly optimistic perspective on where this could lead a generation of people who are now more fully plugged in to the internet than ever before.

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In Today's discussion we'll briefly talk about some of the knock-on, or second order affects which the coronavirus disruption is having on our world today, and which may continue into the future. Then for the meat of the show we'll dig into specific areas where bitcoin could, or perhaps is being improved with the creator of one of the most impactful peer to peer technologies live in the world today.

Shownotes for LTB! #433

  • Topic 1 - Second Order Impacts of Coronavirus Lockdowns
  • Social distancing and the revenge of the Hikikomori
  • Coronavirus second order effects
  • It’s an extroverts world but we’re all introverts this month
  • The AOL moment for Zoom meetings and arguing the potato
  • Interpersonal compression, zoomers and enforced quality time
  • Will overall deaths go down because of pandemic lockdowns?
  • The end of “Bus Mode” for Lyft and Uber
  • Autonomous vehicles, grocery deliveries and the last mile problem
  • Tampons, cocktail sausages and a very weird month
  • This episode is sponsored by eToro
  • A friendly government delivery service?
  • Opportunities in sterilization and social changes that’ll last
  • Automated cleansing cycles and Far-UVC
  • Internet infrastructure, Netflix social signaling and the recycling dilemma
  • Masks, headphones and the changing standard of social isolation
  • TOPIC 2 - How the creator of BitTorrent thinks he’s created a less wasteful, more distributed, more secure approach to Nakamoto Consensus
  • Decentralized systems and the critical success of BitTorrent
  • Naming projects, vegetables and a list of grains
  • Proof of Space and Time
  • Warehouses of computers, competitive money burning and Keynesian stimulus
  • Proof of Work works and that’s a huge accomplishment, but could be better
  • Centralization, Nakamoto consensus and Proof of Stake
  • Moats and losing the battle with ASIC-hard consensus algorithms
  • “Grinding attacks” as the competitive strategy
  • Fundamental economics, storage capacity and the loophole
  • Airdrops for something over-resourced and under-provisioned
  • Losing money on buying “farming” hardware
  • The early days of bitcoin mining with CPUs
  • Power and CPUs, GPUs, FPGAs, and ASICs
  • Hard Drives ,hard drives, hard drives and hard drives
  • Storing data as proof, but not peoples data is like Proof of Work; the work isn’t useful, it’s just a measuring stick that doesn’t need your name or a long term commitment
  • Printing lottery tickets with ASICs vs. a hard drive full of bingo cards
  • Proofs of Space need Proofs of Time
  • Less wasteful by using an underutilized resource
  • More distributed because excess hard drive capacity is already distributed and there is no “ASIC” equivalent possible for hard drives. Just better or faster hard drives
  • More secure because less wasteful and more distributed equal better security in distributed consensus
  • Breaking, tweaking and proving proofs of time and space
  • Miners don’t run data centers
  • UTXOs, message passing on-chain programming environments and walking a fine line between Bitcoin and Ethereum
  • Rate limiting wallets and reversible paper wallets
  • Improving colored coins
  • Decentralized exchange doesn’t need decentralized exchanges
  • Farming, pre-farming, farming rewards and trailing emissions
  • Why pre-farm?
  • Is it viable to farm with AWS?
  • Carrying hundred dollar bills and Chia’s business model involves loaning Tokens To Large International Companies
  • Covenants replicate many banking system benefits without requiring banks or centralization
  • Complexity, Bitcoin Script and Protocol Level Improvements

This episode was sponsored by eToro.com, with music by Jared Rubens, Gurty Beats and Adam B. Levine. Today's show featured Bram Cohen, Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine with editing by Jonas.

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In about 40 days, the world’s first and largest cryptocurrency by market capitalization, bitcoin, will undergo a pre-programmed block reward reduction known as the halving.

Roughly every 4 years, bitcoin’s block subsidy rewards are cut by 50 percent in order to prevent currency inflation. Recurring halving events also ensure that total supply over time is capped at 21 million coins. It will take an estimated 64 halving events before the last bitcoin is mined. So far, there have only been two.

To commemorate bitcoin’s third halving, CoinDesk Research is launching today a new weekly podcast series about the bitcoin mining industry. Each episode features discussions with leading experts in bitcoin mining hardware, operations and pool management on a variety of topics related to block subsidy reward reductions and their impact on the crypto markets.

Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China.

Discussing and debating this topic is Ethan Vera, head of finance at one of North America’s largest cryptocurrency mining pools Luxor Technologies. Also joining Kim and Vera on the show is Wolfie Zhao, a veteran member of the CoinDesk editorial team who specializes in news coverage on the Chinese bitcoin mining industry.

For more information about the bitcoin halving, CoinDesk Research has recently published a 30-page explainer report on these events which features additional commentary from Vera and other mining industry experts. The report is free to download on the CoinDesk website.

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Matt Luongo got his start in bitcoin in 2013. In 2016, he watched a pivotal moment where the sound money, digital gold narrative subsumed the payments use case for bitcoin. While he agreed, ultimately, with the important of bitcoin as a new reserve asset, he still wanted to build and found his way to Ethereum.

Now his company is launching tBTC, a trust-minimized bridge between bitcoin and ethereum. Among other uses, it is a new solution to enabling bitcoin to be used as collateral in DeFi applications.

In this conversation, Matt and @NLW discuss these narrative shifts, as well as what the role and narrative for DeFi might be in a post-Covid crisis world.

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The economic outlook is grim. The jobless claims keep piling up and even the most intransigent states are shutting down business. There isn’t - yet - a realistic plan - for returning to any sort of economic normalcy.

Yet in this bleak view, there are a handful of crypto indicators that suggest for cautious optimism. In this episode, @NLW discusses:

  • The crypto community’s volatility resilience
  • A significant uptick in Stablecoin issuance
  • Proof that bitcoiners have been buying the dip
  • Evidence that new audiences are finding their way to bitcoin (and perhaps with a sound money narrative in mind)
  • Binance’s acquisition of CMC and the power of M&A signals

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After three weeks of listening, recording and talking bitcoin (BTC) in Africa, podcaster Anita Posch is back in part 3 of her six-part documentary podcast series.

In the first and second part of this six-part series you heard about the difficult living situation, the hyperinflation and about the multi-currency world that Zimbabweans have to live with since many years. In this - the third part - you will hear from two early bitcoin (BTC) adopters based in Harare. We speak about the different use cases for bitcoin, how it can be exchanged to U.S. dollar and RTGS [the Zimbabwe dollar], what the obstacles and pros are, about regulation and what the two online entrepreneurs want to tell people outside of Africa.

In the third part of the six-part series about Bitcoin in Africa you will hear from two early bitcoin adopters based in Harare. Anita speaks with them about the different use-cases for bitcoin, how it can be exchanged to US Dollar and RTGS, what the obstacles and pros are, about regulation and what the two online entrepreneurs want to tell people outside of Africa.

After the interviews Anita answers a listener's question about the possibilities for rural communities to use bitcoin.

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“Some countries just aren’t going to emerge from the Coronavirus.”

Peter Zeihan is one of the world’s foremost geopolitical experts. In his new book “Disunited Nations: The Scramble for Power in an Ungoverned World,” Zeihan argues that we’re at the end of the largest expansionary period in human history. As America withdraws from global leadership, a totally new (and for most parts of the world, more painful) ‘normal’ will emerge.

On this episode of The Breakdown, Zeihan joins @NLW to discuss why the Coronavirus crisis is rapidly accelerating the end of the era of globalization.

  • How the American-led global order used the dollar as the tool to keep the world together
  • Why geopolitics and demography are coinciding to end the era of globalization
  • Why Covid-19 will spark a massive return of American manufacturing
  • Why, when it comes to the dollar’s status as the world’s reserve currency “Never before has the “exorbitant privilege” of being the world’s reserve currency felt more exorbitant or more like a privilege.
  • Why the crisis could spell the end for the Euro
  • Why China isn’t nearly as well positioned in the post globalization era as many assume
  • Why the best positioned countries in the coming era are the US, Japan, Argentina, France and Turkey

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In this wide-ranging discussion, Castle Island Ventures founding partner and Coin Metrics co-founder Nic Carter joins @NLW to discuss:

  • Why corporations weren’t adequately prepared for any serious economic trouble, much less a global pandemic
  • Why government backstopping the corporations leads to inappropriate risk-taking
  • How stock buybacks became a boogeyman of the current crisis
  • Why the crisis is actually four crises in one: health, economic, financial, and geopolitical
  • How Covid-19 could accelerate the US’ withdrawal from the world and China stepping into the void
  • Why the response to the handling of Covid-19 could lead some to authoritarianism
  • How stablecoins are allowing global market exposure to the world’s most in-demand currency: the USD
  • Why stablecoins and central bank digital currencies look the same but are functionally opposite
  • Why a ‘naive safe haven’ narrative was never correct for bitcoin
  • Why bitcoin was designed for exactly this type of moment.

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On January 28th, Bloomberg’s Joe Weisenthal tweeted “Notable overlap on here between the most alarmist people tweeting about the virus and those who are obsessed with the size of the Fed balance sheet.”

There is no doubt that the bitcoin and crypto community broadly were far earlier in recognizing the potential significance of the Covid-19 crisis than most professional communities. Today , America preps for at least another month of lockdown and social distancing. The markets continue their chaotic swing as investors are simply unable to price in such a once in a lifetime event.

A question for the crypto community becomes: how is this impacting narratives about our own industry?

In this episode, @NLW looks at the impact of the Covid-19 crisis on narratives around:

  • Bitcoin
  • Stablecoins
  • Digital Dollars and Central Bank Digital Currencies
  • DeFi
  • Privacy

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In the aftermath of the so-called "Black Thursday" crash from several weeks ago, MakerDAO's "DAI" ethereum backed dollar pegged stablecoin came untethered and was, for a time at least, functionally insolvent. In the aftermath, holders of the MKR token which allows holders to participate in governance decisions opted to do a couple of things, including adding the centralized stablecoin USDC to the list of acceptable collateral, which drew both condemnations mostly around centralized risk being added to the system and praise for making the system more robust against sudden ETH collateral price crashes.

And now most recently, the Maker Foundation which had held some centralized control over the protocol completed their long-planned exit with all authorities now transferred to the holders of MKR tokens, removing both a point of control which had been used as a safety check and a point of risk in that centralized control can be co-opted and used to disrupt a system as we've seen in other examples.

On today's show we're digging into:

  • What is Decentralized Finance (DeFi)?
  • How does decentralized finance differ from traditional banking?
  • Fractional reserve vs over-collateralized loans
  • Liberty Dollars’s missing collateral and USDC’s risky name
  • MakerDAO, DAI dollar-pegged stablecoins and how this DeFi stablecoin actually works
  • SDAI (Single Collateral DAI) vs. DAI (Multi Collateral DAI)
  • Smart contract ‘vaults’
  • Lending money to yourself: 150%, 300%, insurance and auctions
  • What happened on ‘Black Thursday’ as the price of Ether dropped more than 50%
  • What happened when transaction fees went through the roof
  • A bug in the collateral auction smart contract
  • A surprising crash: as the system became functionally insolvent the price of the dollar pegged stablecoin actually went up.
  • Oasis.app vaults are transparent, take a look!
  • Loaning yourself money using your ether (at interest)
  • How MakerDAO’s approach differs from SALT Lending
  • The other half of the DAI system: saving vault smart contracts
  • DAI Saving Rate (DSR) and the new certificate of deposit
  • The reward for using MKR tokens to administer a good system
  • Can savings vaults be liquidated?
  • Smart contract risks, consensus risks, systemic risks and response time risks
  • Sponsors: eToro.com and Purse.io
  • What specifically went wrong with the auction smart contracts?
  • Recapitalizing the system by diluting MKR governance stakeholders
  • Even with bugs, market mechanisms to fill the solvency hole seemed to work better than government bailout equivalents.
  • Completing the transition from foundation-overseen to full tokenized governance.
  • Decentralization transition - A necessary step or a natural one?
  • Single collateral vs. Multi-collateral
  • Why would a decentralized stablecoin want to allow a centralized stablecoin for collateral?
  • External political risks vs. internal technological risks
  • “Life finds a way” and DeFi’s natural circuit breakers (also Mt.GOX)
  • Whats the point of putting USDC in to get DAI out?
  • How does DeFi insurance work?
  • A modular ecosystem
  • How DeFi and traditional finance are similar
  • DeFi vs. 2nd layer protocols

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"...I think the right lesson to draw from all of this is that a global order needs to be based on a distributed operating system, not on a centralized architecture. And I think that applies not just in the realm of money but also across the board so that there is a greater capacity for local response than we currently have..."

CoinDesk's Michael Casey speaks with author, historian and Hoover Institution senior fellow Niall Ferguson about our disrupted world, inevitable crisis and what it could mean for money.

Album Art Photo by Christine Roy on Unsplash

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In this episode of The Breakdown, @NLW reflects on the themes that defined an absolutely wild week in global markets and society.

Those themes include:

  • Unlimited QE - broad new powers (corporate bond buying anyone?) and an unlimited checkbook for the Fed
  • Digital Dollars - a surprise inclusion of a digital dollar in an early Stimulus draft shifts the Overton window
  • Narrative Shift to “Grandma Dies For The Dow” - narrative analysis that suggests that the “just the flu” of two weeks has become “business closures will kill more than COVID”
  • Stimulus as Corporate Socialism - a huge bailout for businesses explained away by something that Taleb says is decidedly NOT a Black Swan
  • The Last Break of Institutional Trust - jobless claims were 4x higher than the previous record on the same day the stock market went bull again - trust in leadership is dead
  • Surveillance - a growing concern with surveillance - such as the new CDC program earmarked in the Stimulus package
  • Bitcoin difficulty adjustment - as Preston Pysh put it “this thing is so resilient it’s almost laughable”

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The Senate passed $2T in Stimulus. That includes a one time $1,200 check to impacted individuals and….you guessed it, billions and billions for corporate relief. Included in that are hundreds of billions of dollars in corporate bond buying programs. The Federal Reserve has recruited asset management giant BlackRock to administer three of those programs.

Here’s the kicker. As Bloomberg describes it: “under the arrangement [BlackRock] could buy some of its own funds on behalf of the central bank.”

Outrage is running rampant, and to help listeners sort through it, @NLW is joined by Meltem Demirors, Chief Strategy Officer at CoinShares. In this conversation, they discuss:

  • The government mechanics behind the “money printer go brrr” meme
  • The unfathomable failure of US intelligence in seeing the pandemic coming
  • The deficit of leadership across the political spectrum
  • What Blackrock means and why “they’re not even pretending anymore”
  • Why Twitter memes on their own can’t change the world
  • Why bitcoin can and should be a gateway and tool for evangelizing more systemic change

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In this second part of the “Bitcoin in Africa” podcast documentary series, join Anita as she learns about Zimbabwe and the country's multiple currencies. Combining on-the-ground recordings, interviews and thoughtful narration, she paints a picture of why things are how they are, as well as the state of human rights and free speech.

In the first episode we learned about the current living situation of Zimbabweans and the country's political history. Anita helped us understand why things are how they are as well as the state of human rights and free speech. In this episode you'll get to know the multi-currency world, the different forms and usages of money as well as the price fluctuations that Zimbabweans are dealing with day by day. We'll also take a look at the current regulations of cryptocurrencies, the usage of mobile payments and internet connections and the prospects of Bitcoin in Africa.

This podcast special and Anita's trip to Africa would not have been possible without her sponsors and supporters.

ANITA:

I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.

This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work.

Thanks goes also out to stakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world.

Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work.

This special is also brought to you by the Let’s Talk Bitcoin Network.

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CoinDesk’s Chief Content Officer Michael Casey and Head of Research Noelle Acheson join for a lively debate about the new $2 trillion stimulus package and era of “unlimited” QE, including:

  • Whether (and on what time scale) fiscal and monetary stimulus might lead to inflation
  • Whether the Fed buying corporate bonds amounts to a nationalization of the bond markets
  • Why the appearance of a ‘digital dollar’ in an earlier stimulus proposal was a huge surprise
  • How a digital dollar in the form proposed would upset the balance of power between the Fed, commercial banks, and citizens
  • Why trust in governments and financial institutions is likely to achieve new lows in the wake of COVID-19
  • Why people are reevaluating the meaning and purpose of money

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Mark Yusko is the founder of Morgan Creek Capital Management. In this wide-ranging conversation, he and @NLW discuss:

  • Why bitcoin has fallen with stocks over the last few weeks
  • Why price and value are not the same thing
  • Why stocks have been manipulated
  • An argument for buy backs being illegal
  • Why cronyism is not capitalism
  • Why bailouts and other types of intervention help zombie companies that should perish
  • A debate about whether the “cure is worse than the disease”
  • The costs of a 0-risk tolerance
  • The polarization of health vs. economics
  • Why there should be a market holiday
  • Why bitcoin is the last and only free market
  • Why the big market announcements are always on Sunday
  • Why we’re headed to debt jubilee
  • There is a non-zero probability that Trump tries to cancel the election
  • Why a lack of leadership is the biggest cause for pessimism today

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Last October, Ikigai Asset Management’s Travis Kling predicted that Central Banks would have to “juice QE to infinity” in order to save markets from recession. Yesterday on 60 Minutes, Fed President Neel Kashkari said “there is an infinite amount of cash at the Federal Reserve. We will do whatever we need to do to make sure there is enough cash in the financial system.”

This was followed this morning by an announcement that the Fed was giving itself effectively unlimited capacity to intervene in markets. Markets were...still not impressed. In less than two hours, an initial gain had entirely retraced.

On this episode of The Breakdown, @NLW looks at:

  • Specifics details of the Fed Announcement
  • Why FinTwit and Bitcoin Twitter are focusing on inflation
  • Why some think that this action amounts to a nationalization of markets
  • How the ‘money printer go brrr’ meme is taking hold

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On today's episode of Let's Talk Bitcoin we're discussing the coming bailout-everything regime in a topic that's both extremely timely but is also what originally forced many long-term bitcoin enthusiasts to learn about money and become interested in cryptocurrency originally.

As much of the world on an almost uniform and bipartisan basis shuts down to slow the spread of COVID19 and prepares to bail out first financial markets and now basically everything that can't work on a fully remote basis, we're talking about crisis, bailouts, the limits of monetary policy and the real possibility that it's not a straw that breaks the back of our money but rather the whole world suddenly jumping on.

This episode of Let's Talk Bitcoin is sponsored by eToro.com

On today's show we'll discuss:

  • The growing bipartisan and global shutdown then bailout everything movement
  • The alternative to the bailout path we're on
  • The inability of even extraordinary monetary policy to resolve these issues and the markets growing cognitive dissonance
  • The revival of the "system is breaking and when it does we'll need something new that doesn't share the same problems of being vulnerable to politically expedient over-reactions" narrative that, frankly, drove my initial interest in bitcoin in the first place.
  • And more...

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CoinDesk reporter Leigh Cuen is joined by cognitive economist Leigh Caldwell, author of “The Psychology of Price,” to talk about mental health and cryptocurrency in a time of coronavirus crisis.

People who struggle with anxiety, gambling addiction, and a wide array of other other mental health issues may want to develop healthy habits for engaging with financial tools like cryptocurrency.

Most American researchers agree these days that roughly 2 percent of the population is estimated to be at high risk for gambling addiction. Case and point, when Texas Tech University assistant professor Devin Mills surveyed 876 people who had gambled within the previous month, more than half of the respondents traded cryptocurrency.

“Our data suggests that around 40 percent of regular gamblers who traded cryptocurrencies in the past year reported elevated levels of either depression or anxiety, or both,” Mills said.

However, the frequency with which the respondent traded cryptocurrencies was positively associated with most other types of gambling. The data doesn’t suggest bitcoin uniquely causes a gambling addiction, online harassment, or other mental health risks. It may simply be that people who already face these challenges are more likely to trade.

“There is a good Russian saying: The pig will find the dirt,” said New York therapist Yevgenia Mastyayeva, who specializes in gambling addiction. “The technology and society shape your addiction, give it a particular form, but it is you who are predisposed or not to develop addiction in the first place.”

There are also other mental health risks associated with cryptocurrency communities, namely habits that exacerbate anxiety disorders or expose users to anxiety-inducing harassment.

Psychiatrist turned crypto entrepreneur Prash Puspanathan said financial distress can fuel some people’s pre-existing anxiety disorders, which could contribute to suicides. And, regardless of whether someone has an anxiety disorder, routine online harassment is stressful.

Puspanathan also described online harassment related to “women sexually shamed... with occasionally devastating consequences.” According to a Pew Research Center survey in 2017, nearly 20 percent of Americans reported that online harassment damaged their relationships at home, work, or school, sometimes making it more difficult to find housing or employment.

In short, a healthy bitcoiner should strive to find a balance of habits, minimized exposure to online harassers, and watch out for signs of erratic or addictive behavior. Some people might prefer to keep a separate budget for crypto investments versus household spending, plus use multisig wallets for long-term holdings, Mills said.

Mastyayeva agreed bitcoin custody setups and trading platforms that simplify “realization of the impulse” might not be the best choice for those who display signs of addictive behavior. Limiting screen time can be helpful.

What else do doctors suggest? Sleep. According to cognitive economist Leigh Caldwell, author of “The Psychology of Price,” it also might be prudent for people to avoid financial choices based mainly on Crypto Twitter.

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Peter McCormack is the host of What Bitcoin Did and the Defiance podcast. He recently returned from travel to a number of countries in South America including Venezuela and Colombia as well as the Turkey-Greece border.

In this off-the-cuff and wide ranging conversation, Peter and @NLW discuss

  • Bitcoiner politics and the bitcoin community’s reaction to the potential for increased state power in the wake of Coronavirus
  • Which types of state power growth we should be most concerned with
  • How to push governments to retract power growth on the other side of crisis
  • How travel around the world has informed Peter’s perspective on bitcoin and politics
  • Why nuance is both disincentivized and sorely needed in times of crisis

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In this 1st part of the “Bitcoin in Africa” podcast documentary series, join Anita as she learns about the current living situation of Zimbabweans and the country's political history. Combining on-the-ground recordings, interviews and thoughtful narration, she paints a picture of why things are how they are, as well as the state of human rights and free speech.

Recorded February 2020 in the run-up to the growing quarantine movement and coronavirus travel restrictions Anita travelled to Zimbabwe and Botswana to listen, learned and record about the usage of Bitcoin in these countries. In the world of bitcoin countries like Zimbabwe and Venezuela are frequently mentioned as places where Bitcoin could or perhaps should be making a difference. Where they can really help the people's economic situations.

"I wanted to see by myself, if this is true and in how far Bitcoin is known and used there." said Anita Posch

You can find travel pictures, videos, credits and a full transcript here

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In his daily Coronavirus press briefing today, New York Governor Andrew Cuomo said “our main scramble now is ventilators.” The state anticipates that within 45 days, it could need 37,000 ventilators. It currently has 3000.

Bruce Fenton was one of the early crypto community canaries in the coal mine warning of the impending threat of Coronavirus. As the world has caught up to the warning, he has shifted his attention to helping coordinate an open source network that is trying to address that exact problem.

On this episode of The Breakdown, Bruce joins to discuss:

  • Where the US is in its awareness cycle
  • Why bitcoiners are worried about the long-term economic ramifications of massive stimulus
  • What a voluntarist alternative to government intervention might look like
  • How an open source network is trying to solve the ventilator shortage
  • What regular people can do to contribute to the fight against Coronavirus

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President Trump and Treasury Secretary Steve Mnuchin announced a significant slate of upcoming stimulus measures, including deferred taxes and direct payments to Americans (although those details remain to be seen).

On this episode of The Breakdown, 10T holdings CEO Dan Tapiero joins to discuss:

  • How this forthcoming stimulus might impact the bitcoin narrative
  • Why some traditional safe havens like bonds might not fair well in the coming markets while others like gold are poised to thrive
  • Why markets could be positioning for a major bounce back
  • Why the Fed has more tools in its toolkit than popular media and opinion are suggesting
  • Why the dollar’s global strength is a major concern
  • Why bitcoin is the only truly free market in the world

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Over the weekend, the Fed decided it couldn’t wait for Wednesday’s planned meeting to act, cutting interest rates to nearly 0%. It also announced $700 billion of direct capital injection through the purchase of Treasury securities and mortgage-backed debt.

The question is whether this action can actually calm markets? So far, it’s not looking great. Within minutes, emergency circuit breakers were triggered again. Markets are down more than 9% on the day.

In this episode, @NLW chats with CoinDesk’s Chief Content Officer Michael Casey and director of research Noelle Acheson about:

  • Why the market isn’t impressed with Fed action
  • Why no Fed response will be enough on its own to solve the health crisis and the resulting economic dislocation
  • Why we’re going to see more conversations in the coming weeks about UBI, MMT and other direct citizen stimulus

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The best Sundays are for long reads and deep conversations. Last week the Let's Talk Bitcoin! Show gathered to discuss a new consensus driven approach to DeFi oracles and to revisit Johnston's Law (anything that can be decentralized will be decentralized) with the man who coined the phrase so many years ago.

Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

On today's podcast we're joined by early investor and entrepeneur David Johnston to discuss:

  • A new "consensus based" alternative to "reserve based", "game theory based", or trusted oracle based Stablecoins
  • The growing relevance of DeFi even for those who aren't using it
  • Johnston's Law six years later, how far we've come and real reasons for optimism on the decentralized evolution of everything.

Credits for LTB#429 - Coronavirus Impacts on Bitcoin (And the IRS's Dumb Singularity)

This episode of Let's Talk Bitcoin! is sponsored by Purse.io and eToro.com.

This episode featured Stephanie Murphy, Jonathan Mohan, David Johnston and Adam B. Levine

Today's episode was produced by Adam B. Levine, edited by Jonas with music provided by Jared Rubens and Adam B. Levine

Would you like to Sponsor a future episode of the Let's Talk Bitcoin! show? Do you have any questions or comments? Email adam@ltbshow.com

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The cypherpunk movement has expanded far beyond the 2,000 people who subscribed to mailing lists in the 1990s. In 2018, Entrepreneur reported there are more than 8,000 posts on Bitcointalk every day, while Coinbase garnered millions of user accounts. Such experimental technology is no longer the realm of just a few thousand geeks.

However, across the board, even in 2020 cypherpunk projects rarely exceed a few dozen regular contributors. For example, Exiledsurfer, an event organizer and hacker space co-founder from the Parallele Polis collective, said his space in Vienna was inspired by a collective in Prague that collects roughly $5,000 a month in cryptocurrency from members to share a venue. Likewise, the Vienna chapter accepts dues in DAI, monero and bitcoin, just to name a few.

“We’re a crypto pure organization,” Exiledsurfer said. “This will be an alternative asset class or, in a hundred years, there will by three guys in a garage in Topeka, Kansas, tweaking on a 2020 computer to keep the chain alive, just like people tweak on old cars.”

The cypherpunk movement appears to be growing, albeit slowly.

“I still get people every week, young people and programmers who say they want to give their lives to this thing,” cypherpunk icon Amir Taaki said, underscoring why he believes the movement will only succeed through groups with “structured” training methods.

“There’s a yearning need for this...we can build our own financial networks outside of the control of the state,” Taaki said of the academy he plans to launch in Barcelona.

“How do all of these pieces that we’re working on fit together to serve a higher goal? What’s our narrative?” Taaki said.

Yet, even as a cypherpunk technology aficionado, Wertheimer disagrees with such collectivist views of “our” narrative or “pure” projects.

“I don’t think we need bitcoin evangelists,” Wertheimer said. We’ll talk about why he views the ideological movement as divorced from user groups that may now utilize cypherpunk technology.

Want more? Read my article about how bitcoin compares to the early days of the internet.

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Massive and novel government intervention in markets is now a foregone conclusion, but what happens to bitcoin as the dust settles?

Description

Yesterday, the Federal Reserve announced more than a trillion dollars in liquidity injections into the market. In the coming weeks, many observers expect trillions of more in stimulus in a variety of exotic new intervention tactics.

While this will (hopefully) stem the still emerging economic fallout from the pandemic, it creates its own new set of problems. In this episode of The Breakdown, @NLW is joined by “We Study Billionaires” host Preston Pysh to discuss:

  • How bond markets will react to the wave of stimulus
  • The challenge of global coordination for a new Bretton Woods
  • Why in the wake of stimulus some governments might turn to bitcoin
  • The three factors that lead to currency failure

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The Coronavirus got really extra real today for markets. A two and a half week selloff was tipped to the next level by a major ratcheting up of action from the US government (which still seemed clearly to be not enough to calm markets).

In bitcoin, this meant a drop from around $8000 yesterday to under $6000 today - a head-spinning dump, especially for those who are more recent to crypto.

Still, in this episode, @NLW argues that there are 7 good reasons to keep calm and HODL on:

  • It’s not just bitcoin
  • Correlation means infiltration
  • Peak fear
  • Asia on the upswing
  • Buy order behavior
  • Bitcoin’s been dead before
  • And a bonus: this environment is exactly what bitcoin was built for

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The week of February 12, the Dow Jones Industrial Average was reaching new all time highs. Meanwhile, China’s quarantine of the 11 million people in Wuhan was three weeks old and expanding to other parts of the country.

While the global equities markets have finally started to catch up to the fear of a global pandemic, the Coronavirus has been one a profound case study in the power of narratives to shape behavior. Even now, those seeking to contain the spread in the US are fighting against narratives from leadership that range from “it’s just the flu” to “it’s a hoax from the media.”

On today’s episode of The Breakdown, NLW speaks with Epsilon Theory co-founder and market theorist Ben Hunt, who makes it his business to understand how narratives are shape and shaped by the world around us.

Since the beginning of the Coronavirus outbreak, Ben has been a clarion voice in the chaos. This episode is no exception.

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Whatever you thought of the uncorrelated or safe haven narratives a few weeks ago, it’s hard to deny that bitcoin and crypto are moving in lock step with equities - even mirroring a small bounce in the morning that retreated in the early afternoon.

On this episode of The Breakdown, NLW looks at hot takes on the narrative from Bloomberg’s Joe Weisenthal and crypto investor Ari David Paul.

Not all the news is bleak, however. Also on this episode, we break down recent financings for

  • Argent’s de-fi friendly wallet
  • Horizon Games’ blockchain-based Hearthstone/MtG style game SkyWeaver
  • Futureswap’s decentralized futures exchange and more

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Bitcoin’s price has cratered, but it’s nothing compared to the broader market havoc. From the Coronavirus scare to an oil price war, a confluence of factors is aligning to make it a very rough Monday.

On this episode of The Breakdown, @nlw is joined by Delphi Digital’s Kevin Kelly to discuss:

  • Why the stock market is just catching up to what the bond markets have been saying
  • Why the bond markets have been a better reflection of potential economic pain
  • Why we need to pay attention to what happens in the credit markets
  • The role of the oil price war in today’s market drop
  • What the declining bitcoin price means for the safe haven and uncorrelated asset narratives
  • Which assets are actually acting like safe havens

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CoinDesk reporter Leigh Cuen is joined by Elena Giralt, the Electric Coin Company’s product marketing associate known for her research on cryptocurrency usage in Latin America, to talk about how digital assets can subvert power dynamics.

According to the Brookings Institute, roughly 4.6 million Venezuelans have fled the country so far, which the United Nations High Commissioner for Refugees called the largest exodus in the region’s recent history. Many such refugees and diaspora Venezuelans use cryptocurrency for remittances or to earn freelance income. But, as Giralt pointed out, the industry at-large has a long way to go to improve ethical marketing in the region.

“Adoption has been overstated by companies that have a vested interest,” she said. “If you’re going to promote a certain solution or initiative in a vulnerable population, there’s really a higher bar for disclosures and informed consent.”

Consent is, from Giralt’s perspective, the underlying principle of cypherpunk technology. Later, we'll discuss how financial privacy is crucial to women’s rights and free, easy ways for people to empower women in their local communities.

Want more? Leigh also has an article about Venezuelans using cryptocurrency.

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As the Coronavirus took hold in China, officials in the Hubei province tracked potential patients by examining purchase records for cough and flu medicine for the previous month.

Welcome to the new frontiers of privacy. In this wide-ranging episode, @NLW chats with former lead maintainer of Monero and Tari co-founder Riccardo Spagni - aka @FluffyPony on Twitter - about privacy in the context of:

  • The recent arrest of DropBit CEO Larry Harmon surrounding bitcoin mixer technology being used for illicit purposes
  • The US govt’s battle against end-to-end encryption
  • Central bank digital currencies
  • At home devices like Alexa and Google home
  • Clearview AI and facial recognition
  • China’s response to Coronavirus
  • Why individual apathy is the greatest threat to privacy in the world

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CoinDesk reporter Leigh Cuen is joined by Binance US CEO Catherine Coley and Stellar Development Foundation

CEO Denelle Dixon to debunk myths about gender for International Women’s Day.

There’s a common myth that women are less likely to be interested in bitcoin than men. The reality is people with higher income levels have a greater propensity for cryptocurrency and women still earn significantly less than men. Sexism isn’t only a problem in the so-called third world. A 2010 report by the National Center for Disease Control and Prevention showed roughly 11 percent of reports from women in abusive relationships came from upper-middle-class or wealthy households.

Globally, women still have fewer inheritance rights than men as well. And, according to the World Development Report in 2012, it was common for 5-45 percent of women respondents in any given jurisdiction to say they don’t have control over their own income. Since financial abuse happens across income levels, two of the leading women executives in Silicon Valley share career advice and management tips.

Later, we'll discuss how crypto startups can recruit diverse women and recognize untapped talent.

Want more? Leigh also has an article about women in the blockchain industry.

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It was another good day for global crypto, as South Korea votes to formally integrate the industry into the existing financial system, opening the market to new players and potentially improving services for crypto companies.

In New York state, meanwhile, a recently renovated power plant is taking advantage of low cost energy with 7000 bitcoin miners. This is part of a larger trend of US-based mining in 2020.

In a very different part of the industry, a new partnership between ConsenSys, EY and Microsoft suggests the intranet era of enterprise blockchain might be coming to a close.

Finally, the new governor of the Bank of England says be prepared to lose money if you buy bitcoin.

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Yesterday, The Information reported that Facebook’s Calibra wallet would be abandoning the backed-by-a-basket-of-currencies Libra for a set of fiat-backed digital currencies for different regions. The company quickly amended that while they would be launching those fiat-based digital currencies, they weren’t abandoning Libra. In this episode, @NLW argues that these fiat digital currencies could be more readily adopted initially than Libra among Facebook’s existing user base.

Also on this episode, huge news out of India, as the Supreme Court reverses a decision by the Reserve Bank of India from 2018 to ban crypto banking. The move could breath life into an industry which has largely shuttered in India since the initial ban.

Finally, a news roundup including a lawsuit against Twitter around de-platforming and a new router from HTC that can also run a bitcoin full node.

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Today is Super Tuesday - the biggest day of the US primary election season. Increasingly, prediction markets and pollsters suggest it’s a two person race between Joe Biden and Bernie Sanders (although Mike Bloomberg has insisted he’s staying in).

In this episode, NLW breaks down each candidate in the context of their positions vis a vis cryptocurrency, as well as looking at the possible role of three other fallen contenders in the rest of the campaign.

As Bernie leads the Twitter poll, the question arises: do people think Bernie will be good for bitcoin because he shares the same values of prioritizing the little guy over big banks, or because they think his programs will demand so much QE it will send bitcoin to the moon?

Listen and find out.

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When everyone wrote their 2020 crypto prediction pieces, China featured prominently in everything from the exchange business to enterprise blockchain to the potential impact of a forthcoming digital yuan.

Coronavirus erased those issues from focus. On this episode of The Breakdown, @NLW is joined by Matthew Graham, CEO of Sino Global Capital. For the past 7 years, Matthew has lived in China and for the past several years, his exclusive focus has been on crypto and blockchain.

In this episode, they discuss:

  • What Chinese crypto and blockchain investors were focused on before Coronavirus
  • The shift in the crypto and blockchain narrative in China post-Libra
  • What living through the Coronavirus has actually been live (and how it differs from the media narrative in the US)
  • Why enterprise blockchain is poised to be one of the most dominant focuses for China-centric investors this year

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The best Sundays are for long reads and deep conversations. Earlier this week the Let's Talk Bitcoin! Show gathered to discuss Coronavirus and its potential impacts or disruptions to the decentralized world of bitcoin.

Later, we hear from correspondent George Ettinger about the indications of a "Dumb Currency Singularity" taking place at the IRS right now (also presented in full text below).

Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

On today's podcast we discuss Coronavirus and:

  • The bitcoin mining industry and the slowing rate of hash-rate increases in the run-up to the 2020 halving
  • Safe haven, uncorrelated and risk asset narratives as the price of bitcoin bounces defies expectations
  • The potential for shifts in how society thinks about money in the wake of a highly transmissible global disease
  • Plus a brief primer on virus families (skip to 13 minutes for blockchain only content if you're already up to speed)

Credits for LTB#429 - Coronavirus Impacts on Bitcoin (And the IRS's Dumb Singularity)

This episode of Let's Talk Bitcoin! is sponsored by Purse.io and eToro.com.

This episode featured Stephanie Murphy, Andreas M. Antonopoulos, George Ettinger and Adam B. Levine

Today's episode was produced by Adam B. Levine, edited by Adam B. Levine with music provided by Jared Rubens and Adam B. Levine

Would you like to Sponsor a future episode of the Let's Talk Bitcoin! show? Do you have any questions or comments? Email adam@ltbshow.com

The Dumb Singularity: Crypto Currencies and Game Currencies are Overdue for a Collision

So. It has come to this.

One of the biggest barriers to entry for a disruptive technology is the incompetence of the average consumer. On the other hand, simply preying on the illiteracy of consumers can be a boon for some truly terrible inventions. It is in the clash of these two ideologies that we have reached the Dumb Currency Singularity.

Digital currency has been on course for the Dumb Singularity for well over a decade, and we finally passed the event horizon late last year. At the end of 2019, the IRS quietly published a set of virtual currency guidelines that broadly lumped together mainstream cryptocurrency such as Bitcoin and Ethereum with honest-to-god Fortnite V-Bucks and Roblox Money.

I have just been informed that the legal term for Roblox currency is "Robux." That seems... fair.

My point, however roundabout it may be, is that somebody in a position of some influence at the United States Internal Revenue Service saw their grandkid beg for a Roblox card in the Walgreens checkout line and thought, "MY GOD, THE BIT-COINS HAVE COME FOR THE CHILDREN." And then, when he put his horror to print, enough a phalanx of fellow IRS employees looked it over and thought "yes, that sounds right" that it was greenlit for public consumption.

That advisement (to which the IRS claimed players of Fortnite and Roblox must report any purchases of "Bucks", whether "V"- or "Ro"-) stood monolithically for nearly three months before it was escorted off the stage just as quietly as it had arrived. In a fit of Streisanding, this change caught more attention than the addition had garnered to begin with, and the IRS gave a formal explanation. "The IRS recognizes that the language on our page potentially caused concern for some taxpayers," they said. "We have changed the language in order to lessen any confusion. Transacting in virtual currencies as part of a game that do not leave the game environment (virtual currencies that are not convertible) would not require a taxpayer to indicate this on their tax return."

This is, surprisingly, rather huge. Huge in that they got this follow-up explanation relatively right, and huge in that they still persist in getting so-called "virtual currency" wrong.

You see, the IRS has been caught flat-footed over and over with every passing year that crypto currency has spread. They were slow enough recognizing the growing importance of Bitcoin that it wasn't until 2013 that they designated a team to begin planning for how to handle the currency… and they still haven't figured out how to handle it. Yet, dating back even earlier than this, the IRS has ALSO been blindsided at every turn by non-crypto "gaming" digital currencies. Their official language conflating the two isn't just a red flag- it’s a canary in the coal mine.

Game Currencies- for simplicity, hereafter referred to as, uh, "Game Currencies"- run a wide gamut but the majority is exactly what the IRS failed to recognize in Fortnite and Roblox: a non-convertible, non-transferrable currency that cannot reasonably leave the confines of its game. Your Fortnite V-Bucks and Apex Legends Coins and… [SIGH].. Ro-Bux… are just an interstitial medium between your real money and the gameplay. You do not trade these with other players, nor do you have the options to take these chips up to the casino counter and cash them back out: once your USD enters the game, it cannot leave it in any reasonable form. After the original point-of-sale a Game Currency is no different from Sonic's rings.

So, for as correct as the IRS eventually got it, they've still been handling Game Currencies wrong, and it has informed the ways they still get Crypto wrong. Many game currencies ARE transferrable and ARE dangerously viable mediums for exchange and laundering, and they have been around longer than Bitcoin. It's absolutely no secret that World of Warcraft gold is player-transferrable: it's the entire reason "gold farming" remains a legitimate source of income for so many. Though less ubiquitous than Warcraft, the seminal Supply Chain Actuary Simulator EVE Online notoriously monetized its monthly subscription cards into a consumable ingame item. For those unfamiliar, this means that when you buy a month of game time, it isn't simply added to your account: it becomes an item in your game inventory that can either be USED to extend your subscription, or TRADED with other players as a dollar-pegged commodity. Now, the truly fantastical economic tales of money laundering, actual virtual space piracy, and actual-million-actual-dollar banking deals in Eve Online can and HAS filled several books, so I will not go into detail here.

The point is, simply, that player-exchangeable cash-value items have been a massive grey market for years and continued to slip under the IRS's nose. They didn't bat an eye at the horrifying headlines of Diablo 3's aborted real-cash auction house fiasco, yet now in 2020 they're fumbling to grasp onto its legacy.

That fumbling is part-and-parcel with their fumbling of Bitcoin, and the timeline tells a story. A recent Government Accountability Office review of IRS virtual currency policies painted a somewhat scathing picture of a bureaucracy that was slow to notice and even slower to adapt. The IRS initiative in 2013 was a kneejerk response to the first truly landmark year of Bitcoin cash trading, where dollar parity was suddenly blown aside by hundred dollar parity. The impetus is obvious: disruptive changes to currency don't matter to the IRS until they see it on the "Wacky Stories" segment of their local station news.

The financial establishments that stood to gain from digital currencies were quick on the uptake, but the groups tasked with oversight were responding to changing conditions and new developments with the grace of a grandparent still giftwrapping cabbage patch dolls for the kids' 35th birthdays. The GAO points out that, across three years, the IRS was trying to garner clues from the 900 people that had self-reported Bitcoin capital gains. That's right- from 2013 to 2015, nearly a thousand god-fearing Americans had the saintly humility to self-report their Bitcoin earnings to the feds, and it took three years of analysis for those feds to deduce that there might be more out there going unreported.

Kudos, by the way, to those 900 honorable people who attempted to watch out for the watchmen while the watchmen weren't even watching.

In these years since, the spectrum of cryptocurrencies has exploded and the applications of game currencies has become strangely homogenized. Convertible game currencies like Warcraft gold persist, but they are the exception rather than the rule. Publishers have found that stifling a cross-player economy gives them a better control over the experience and far less accountability for what is done with that money. Fortnite follows this modern standard; real currency is an aggressively-optimized one-way flow from player to publisher, with no convertible gains to tax. The IRS has long since missed the boat on game currencies.

Why, then, did they so recently and so awkwardly collide with cryptocurrencies in the revenue service's jumbled mind? This, my friend, is the beginning of the Dumb Singularity: desperation and technological-illiteracy have finally boiled over, and the bureau is trying to play catch-up on the years that have passed it by. They may have smoothed over the initial blunder, but this is indicative of their intent to move forward with a more active hand, and the broad use the phrase "virtual currency" means that more blunders lie ahead.

The GAO excoriated them for their slowness, vagueness, and all-around wishy-washiness in these regards, but to some extent it was not the IRS's fault. The organization has struggled under budget cuts and a dangerous lack of new blood, and yes, you may read that as younger-and-more-savvy blood. It was that same old blood that struggled to make any headway with their internal Virtual Currency Issues Team in 2013 and still wasn't seriously analyzing self-reported data from major crypto exchanges even into 2016. Some gentle flame finally reached their backsides sometime after, because by 2018 they were beginning to proactively reach out to users with obvious crypto gains and attempting to secure accurate reporting.

Now, with the end of tax year 2019 upon us, they are finally facing the ontological conundrum at the center of the Dumb Singularity: What is the Enforceable Definition of "Virtual Currency?" What will distinguish between play money and dangerous money? While they dragged their feet comprehending the question, the answers have gotten only more muddled as technology blazed trails forward with no policy guidance. This year, game currencies are completely surpassing retail purchases as the primary source of publisher revenue and most of them aren't convertible or taxable; most, but not all. The IRS's complacency left it with a massive ecosystem to sift through and a lack of reliable, literate talent to do it. If their random grab at the most obvious game currencies they could think of was any indication, there will be more broad and clumsy strokes before there are any real answers.

The IRS has the unenviable task of writing a perfect definition in a language it can't seem to speak, all because they never got around the asking the question that I accidentally stumbled on twenty years ago.

When my 13-year-old self spent 10 bucks on eBay for a wealth of obviously-hacked Phantasy Star Online loot, I wondered: what laws can actually apply to the man who Game-Genies' his paychecks?

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After weeks of not reacting to Coronavirus, the markets took a profound turn for the worse this week, leading ultimately to the fastest correction - i.e. loss of 10% - in recorded history.

In this episode of The Breakdown, @NLW is joined by crypto trader, DJ, and broad market thinker Scott Melker to discuss:

  • What the crypto markets demonstrated this week
  • What recent price action suggests about the bitcoin as a safe haven narrative
  • Why it’s insane that just two weeks ago, despite tens (or hundreds) of millions of people being quarantined in the supply chain capital of the world, stock markets were printing all time highs
  • How we went from those ATHs to the fastest correction (10% drop) in recorded history
  • What the correction suggests for the fundamentals of our economy
  • Why central bankers have fewer options than ever to fight economic turmoil

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Last Friday on Ethereum’s core developer call, the devs agreed to push forward a controversial anti-ASICs consensus algorithm switch known as ProgPoW.

The broader Ethereum community was not pleased, and has spent the last week debating both ProgPoW itself as well as the way decisions in the community get made.

In this 101-guide to the controversy, @nlw breaks down:

  • What is ProgPoW
  • The history of the debate
  • Arguments for and against
  • Who falls on what side and why
  • The implications of ProgPoW for DeFi

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Bitcoin is having a terrible, horrible, no good very bad day. Many are using the dump - which from a timing perspective aligns with a broader market selloff among Coronavirus fears - as a way to diminish the “bitcoin as a safe haven” narrative.

In this episode, @nlw revisits that narrative and argues that it is uncomfortably bunched up with the uncorrelated asset narrative, or, as Chamath Palihapitiya calls it “schmuck insurance.”

This episode also covers:

  • Central bank digital currency (CBDC) news: Canada says it doesn’t see the need right now but that could change if private cryptos get more traction, while China’s work on a digital yuan is paused due to Coronavirus shutdowns.
  • The six year anniversary of Mt. Gox’s lost 750,000 BTC coming to light.

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In the pantheon of crypto hacks, “SIM jacking” is one of the worst. The hack, which is less a hack and more social engineering, is basically a form of identity theft, with the attacker swapping a victim's sim card remotely, usually with the help of your cell phone carrier, and then breaking into their email, crypto, bank accounts, basically all the stuff you definitely don’t want someone to break into. It's audacious but it’s also preventable with a little awareness. And the consequences can be dire, it’s also netted attackers tens of millions in loot over the past few years.

In this episode of CoinDesk Explains, CoinDesk Editors Adam B. Levine and John Biggs explain the attack, what it could mean for you, how it works, and what you can do to prevent it in a way that even your grandpa could understand.

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The spread of Coronavirus has dominated the news cycle across industries, but the discussion has been particularly fierce in both the finance and tech worlds, with crypto right in the lead.

For a month or more, prominent crypto voices have been discussing the event in terms of skepticism of reported government cases, questions of market impact, and plans for personal preparation.

NLW surveyed more than 1500 people on Crypto Twitter to ask why crypto was so interested in the Coronavirus.

These were their top answers.

This episode of The Breakdown also features an excerpt from Hidden Forces Ep 123: Market Nihilism: Price Discovery in a World Where Nothing Matters | Ben Hunt & Grant Williams

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An incredible amount of work has gone into convincing institutional investors that bitcoin and crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure.

A new crypto bank out of Wyoming is designed to address those problems. Founded by Caitlin Long, Avanti is apply for a special purpose depository institution (SPDI) charter and already has 8 products in its pipeline not currently available to US investors.

In this interview, Caitlin and @nlw discuss:

  • Why Avanti is needed
  • Why Avanti will have 100% of assets in reserve at all times
  • Why the right model for crypto custody is more akin to valeting a car than current financial market models
  • Why building a crypto bank is important in the context of macro market turmoil
  • How Coronavirus is exposing pre-existing problems in the global economy

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The best Sundays are for long reads and deep conversations. Earlier this week the Let's Talk Bitcoin! Show gathered to discuss catalysts and CEOS in the world of blockchain projects, the organizational and organic structures of decentralization and to wonder whether crypto even needs Satoshi-like catalysts now that the fire of blockchain burns bright.

On today's podcast we continue the discussion, applying concepts and stories from "The Spider and the Starfish: The Unstoppable Power of Leaderless Organizations", a formational book on pre-blockchain decentralization written in the early 2000's, as the centralized US military struggled to effectively dispatch a much smaller decentralized force in Afghanistan. While the battlefield is different, the insight is perhaps even more relevant to the world of blockchain projects, their decentralized origins and ambitions.

Want more? Catch up on 7 years of Let's Talk Bitcoin!

This episode of Let's Talk Bitcoin! is sponsored by Brave.com and eToro.com.

Original Photo by Krzysztof Niewolny on Unsplash

This episode featured Stephanie Murphy, Andreas M. Antonopoulos and Jonathan Mohan

Music for today's episode was provided by Jared Rubens, From Ether Music and general fuzz, with editing by Jonas.

Would you like to Sponsor a future episode of the Let's Talk Bitcoin! show? Do you have any questions or comments? Email adam@ltbshow.com

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Coindesk reporter Leigh Cuen is joined by Isaiah Jackson, author of “Bitcoin and Black America '' and co-founder of KRBE Digital Assets group, to talk about financial discrimination in the United States and the unique value bitcoin can offer minority communities.

According to a survey of 5,126 Americans conducted by Coinbase and Qriously, “twice as many Black Americans have been negatively impacted by the current financial system” compared to their white peers. As such, the survey suggested, they are much more likely to be curious about bitcoin.

This finding is supported by broader evidence. For example, The National Bureau of Economic Research also found in 2019 that black mortgage borrowers were charged higher interest rates than white borrowers and were denied mortgages that would have been approved for white applicants.

Later, we'll discuss the cultural aspects of bitcoin and how someone’s background impacts his unique experience in the bitcoin community.

Want more? Leigh also has an article about how black entrepreneurs use cryptocurrency to fundraise.

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After settling in to the $10,000 price level, BTC suddenly and rapidly dipped more than 5% in an hour on Wednesday. As the market discusses possible explanations, some floated the unexpected simultaneous downtime of Binance and Coinbase as a causal factor.

In this episode of The Breakdown, we discuss the power exchanges wield - both in terms of market liquidity as well as the ability to shape news cycles. The good news is that new funding for insurgent exchanges suggest that power today is not inevitable.

Lastly, we discuss the latest in central bank digital currencies, with Sweden launching an e-krona pilot; a former head of China’s national bank saying Coronavirus could accelerate efforts; and a new member of the Libra Association.

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The ‘crypto’ industry is having a hard time fitting everything that’s happening inside that one monolithic term. On this episode, @nlw looks at current news stories from across at least 5 different categories - DeFi, enterprise blockchain, central bank digital currencies, digital collectibles and bitcoin - to ask whether they really all belong lumped in in the same category.

The episode also looks at:

  • Four reasons these increasingly different categories remain bunched together
  • Why turning other parts of the industry into an enemy is rewarded in the public sphere
  • Why letting individual parts of the industry evolve individually is likely to bring more, not fewer resources into the space.

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The DeFi world continues to dissect the recent attacks on bZx. To most, the amount lost in the attacks is far less relevant than what the attacks suggest about how DeFi applications need to be designed.

Within that, one key topic of conversation is the role of price oracles - the systems by which DeFi applications check the prices of assets that dictate what happens in a given smart contract. Since asset price manipulation was at the core of the recent attacks, this is a particularly pertinent area of inquiry.

Yesterday, Chainlink announced that it would be helping bZx upgrade their systems taking advantage of Chainlink’s recently-launched “meta oracle.” On this episode of The Breakdown, Chainlink founder Sergey Nazarov discusses:

  • The role of price oracles in DeFi
  • How price oracles were targeted in the recent attacks
  • What the DeFi industry can learn from early crypto exchange hacks

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Part of what makes DeFi interesting to people is how it takes advantage of open source protocols to enable types of transactions never before available. The problem, however, is that financial structures mean new financial vulnerabilities.

In the last few days, two attacks on bZx have used a similar strategy of manipulating the price of synthetic assets in the context of a new instrument called 'flashloans'. On this episode of @nlw breaks down exactly

  • How the attacks were carried out
  • How the community is responding
  • What the larger ramifications for DeFi might be

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CoinDesk reporter Leigh Cuen is joined by the Human Rights Foundation’s Alex Gladstein and Syrian entrepreneur Moe Ghashim to discuss how cultural context shapes the way people view bitcoin, including stories from the Middle East.

Many bitcoiners see cryptocurrency as a cypherpunk tool that enhances personal freedoms, with cypherpunk meaning “using privacy tech to promote social change.” There are diverse users around the world gaining this type of value from bitcoin, but they rarely give interviews or are seen on stage at conferences.

Later we’ll explore the risks of governments impacting the bitcoin ecosystem, through regulatory enforcement, censorship and market manipulation. Then we’ll dive into what everyone can do to enhance bitcoin’s usability through education.

Want more? Leigh has several articles exploring such use cases, everything from why protesters in Lebanon are turning to bitcoin to the possibility that dictators may also participate in the crypto ecosystem

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The best Sundays are for long reads and deep conversations. With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream. We've seen this cycle before, but could this time be different?

This episode of Let's Talk Bitcoin! is sponsored by Brave.com and eToro.com

Today's discussion features Andreas M. Antonopoulos, Stephanie Murphy and Adam B. Levine

Editing by Jonas, featuring music by Jared Rubens and Gurty Beats

Today's episode features audio clips from CNBC, C-SPAN and Figure.com

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CoinDesk's Head of Research Noelle Acheson joins Ophelia (Amun's co-founder and president) and Lanre (Amun's researcher) to discuss the advantages, disadvantages and eccentricities of crypto markets, exchanges, settlement and more.

The group discusses the differences in the market microstructure between the crypto asset industry and traditional capital markets. The guests drew from their experience within capital markets understand the intricacies of the crypto market.

AlbumPhoto by Sharon McCutcheon on Unsplash

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There’s no denying that 2020 is off to a roaring start. From prices to volume to social media, sentiment is up up up.

But what’s driving it? On this special Valentine’s Day episode, @nlw reacts to listeners votes about which narratives are most driving the shift in energy, discussing:

  • The BTC halving
  • Coronavirus and volatility
  • Fed action
  • Central bank digital currency intrigue
  • Ethereum and DeFi
  • Price reflexivity and Lindy effects

The episode finishes up with some hot takes on what is driving the markets and what we should be most concerned about and most excited for with Ikigai Asset Management’s Travis Kling.

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We're joined by CoinDesk senior reporter Leigh Cuen to discuss developments and implications in the case alleged against Larry Dean Harmon.

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To look at the US Government, it is the best of times and the worst of times for personal financial privacy.

On the one hand, in comments before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin says that FINCEN is planning more strict regulations around anti-money laundering and crypto.

At the same time, the CEO of DropBit was arrested on money laundering charges around a bitcoin mixing service he allegedly ran between 2014 and 2017. In this new enforcement regime, one of the government’s major partners is Chainalysis, who have seen more than $10m in Federal agency contracts since 2015.

Yet privacy advocates are also surprisingly enthused by comments from Fed chair Jerome Powell, who suggested in testimony to Congress that any potential US digital dollar would need to be privacy preserving.

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With blockchain puppets (we really mean it) on TV, CNBC pushing the bitcoin-as-gold narrative and The Guardian seeing connections between coronavirus and bitcoin's recent rally, we've got a lot to talk about on today's episode of The Breakdown.

After Monday’s quick retrace, bitcoin and the rest of the market went green again. In this episode, @nlw breaks down the shifting sentiment, looking at:

  • How a partnership between Hedara Hashgraph and Google Cloud pumped HBAR more than 50% - featuring commentary from Hedara CEO Mance Harmon
  • Why Figure is launching a TV campaign to educate people about blockchain
  • CNBC Fast Money actively (and convincingly) promoting the narrative of bitcoin as a safe haven asset.

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Last week, Blockstack announced a new proposal through which node operators would be rewarded in bitcoin. The concept behind Proof of Transfer is that, for the cryptoasset ecosystem to run, electricity should only have to be converted into digital scarcity once.

In this interview with @nlw, Blockstack CEO Muneeb Ali explains how, by tying the security of Blockstack’s Stacks blockchain to bitcoin, and allowing miners to be rewarded with BTC, Blockstack might be setting a new precedent for how the crypto ecosystem looks to bitcoin as a base layer.

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Last week, SEC Commissioner Hester Peirce proposed Rule 195 to give token projects a 3 year safe harbor. This proposed period would allow them to distribute tokens without fear of violating securities law so long as they achieve certain standards of decentralization in that time.

Coinlist is a platform for compliant token sales. On this episode of The Breakdown, Coinlist CEO Andy Bromberg and @nlw discuss:

  • The cost of regulatory clarity in the US, including projects leaving US shores
  • Historic approaches to “compliant” token sales and what problems they still leave
  • What Commissioner Hester Peirce’s proposed Rule 195 includes
  • The potential implications for the US crypto markets
  • The chances that Rule 195 comes to pass

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The best Sundays are for long reads and deep conversations. Earlier this week, the Let's Talk Bitcoin! Show gathered to discuss the US tax treatment of "Virtual Currencies" and how scams find a home wherever opportunity exists, at least for a while.

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This episode of Let's Talk Bitcoin! is sponsored by Brave.com, eToro.com and Purse.io.

During our first segment, we'll discuss:

Virtual Currency Tax Fairness Act of 2020: The proposed legislation would exempt capital gains taxes if any individual transaction results in a capital gain of $200 or less. Previous versions of the bill proposed a $600 cap. If passed, it would take effect in the 2020 tax year. Link - H.R. 5635

The IRS has a question for you: Tax filers in the U.S. are being asked if At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Link -IRS Form 1040

Yang proposes "Digital Asset Regulation": U.S. Presidential Candidate Andrew Yang wants to Clarify the tax implications of owning, selling, and trading digital assets. Yang says clear policy will allow businesses to invest and innovate in the area without fear of a regulatory shift. Link - Yang 2020

Later on, we'll dig into the "why" of scams as we begin a longer conversation on the topic.

Three main points on scams:

  • Ponzi schemes thrive in disrupted spaces with uncertainty, poor credentialing, and poorly understood complexity
  • The crypto currency space has these attributes
  • The underlying appeal of ponzi scams (and bitcoin) comes from the mythology of redemption, getting something from nothing, the genie in the bottle, etc

Links:

  • How MLMs Use the Psychology of Influence
  • The Cult Psychology Behind MLMs

This episode of Let's Talk Bitcoin! is sponsored by Brave.com, eToro.com and Purse.io.

Photo by Fernando Venzano on Unsplash

This episode was produced by AP's Don and Ned. It featured discussion by Adam B. Levine, Stephanie Murphy, and Jonathan Mohan.

Music for today's episode was provided by Jared Rubens, From Ether and Gurty Beats, with editing by Jonas.

Would you like to Sponsor a future episode of the Let's Talk Bitcoin! show? Do you have any questions or comments? Email adam@ltbshow.com

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Bitcoin is on a 7 week upward trend. Having already smashed through its $9,000 Vegeta memes, it is now inching closer towards $10k.

On this episode, @nlw is joined by Kraken’s Dan Held to discuss how bitcoin has changed in a number of ways since the last time we were at the $10,000 price level last year. They look at:

  • Narrative - Speculation around bitcoin as a safe haven and the role of the halvening continue to shape the conversation
  • Infrastructure - The tools for how people can interact with bitcoin - from lending to derivatives - have never been broader
  • Audience - Institutions are no longer just around the corner but actively participating in the market

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That’s the way Meltem Demirors described Federal Reserve Governor Lael Brainard’s remarks at Stanford yesterday. For the first time, the Fed has said that it is actively researching and experimenting around digital currencies and distributed ledger technologies. This is a change in tone from a Fed that, when asked previously, has more or less dismissed digital currencies.

On this episode, @nlw looks at Brainard’s speech, along with: the latest from Japanese lawmakers proposing a digital currency to counteract the influence of a forthcoming Chinese digital yuan; a Bank for International Settlements digital currency working group with 6 major central banks; and the potential implications of CBDCs on bitcoin.

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If venture investments and acquisitions provide a window into the sentiment in markets, boy did we get a big dose of information today.

Today we look at investments in the world’s best known developer of the Lightning Network; a new prominent corporate investor for a tokenized securities platform; and Square’s investment in a real-time payments company.

We also look at a set of acquisitions, including a ConsenSys acquisition poised to get them in the $3.8T municipal bond space; a Bakkt acquisition poised to get them ready for a consumer app that includes more than just cryptocurrencies; and an attempt by Bakkt-parent ICE to buy eBay for north of $30b.

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As claims of election tampering, fraud, and other dubious activities fly around the botched Democratic Caucus in Iowa, trust in our public institutions continues to crater.

The question of trust and censorship are at the heart of our episode today. Handshake is a new protocol for uncensorable web domains. The goal is to create a new blockchain-based Top Level Domain system that governments can’t censor or block.

To explain why Handshake (HNS) matters, @nlw is joined by Tieshun Roquerre, the CEO of Namebase, a next-generation domain registrar for HNS.

In this interview, they discuss:

  • What Handshake is
  • How a HNS domain is different from a standard web domain
  • Why uncensorable web domains are the next great blockchain killer app
  • How Roquerre became interested in the space
  • How Namebase works

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Bitcoin and porn go hand-in-hand in this interview with Spankchain community manager Allie Eve Knox.

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Much of the Crypto Twitter conversation this weekend was dominated by talk of Twitter’s suspension of ZeroHedge. @nlw explores why the specifics of the infraction or the quality of the publication aren’t the important part of the conversation, and why he thinks we’ll see arguments for social media platforms to be turned into public utilities in the years ahead.

Also on this episode:

  • Debates around Ethereum marketing. Does the community need to spend more resources telling the story and recruiting new users or should the tech speak for itself?
  • What Brexit means for the crypto community - practically and metaphorically.

The last section features comments from Ledger CEO Pascal Gauthier.

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In “Libre Not Libra: Facebook’s Blockchain Project,” Andreas answers the burning question… Has he tried haggis? Just kidding… He shares his thoughts on the recently released Libra whitepaper, as part of a permissioned blockchain project spearheaded by Facebook.

Subscribe to the new CoinDesk Podcast Network for fresh, insightful episodes nearly every day of the week

This episode of Let's Talk Bitcoin! is sponsored by Brave.com and eToro.com

Years of jokes about “FaceCoin” and “ZuckBucks” have finally come to life – sort of. In a previous episode, he talked about how some venture capitalists are monkeying around by downplaying the killer applications of open blockchains in favor of… bananas. Now he makes us wonder whether Libra will even survive to become a production network. Is Silicon Valley coming for banking? Will Libra’s challenges have any impact on open public blockchains?

This talk took place on June 19th 2019 at the Scottish Blockchain Meetup in Edinburgh, Scotland.

Follow Andreas on Twitter: @aantonop

Andreas's website: https://aantonop.com/

Andreas's live talks released in podcast form

Episode Credits:

Today’s show featured Andreas M. Antonopoulos, with a little narration by Stephanie Murphy and Adam B. Levine, as well as the live crowd and that guy with the great laugh about three quarters through.

Original Photo by Anna Tukhfatullina Food Photographer/Stylist on Unsplash

This episode of Let's Talk Bitcoin! is sponsored by Brave.com and eToro.com

This episode featured music by Jared Rubens, Orfan and general fuzz. Production support was provided by Erica and Jessica, with sound editing by Dimitris of Sampi Media.

Want to hear more of Andreas’s Live talks? Check out new episodes every week on Unscrypted, or just head over to aantonop.com .

Have any questions or comments? Email me at adam@ltbshow.com.

Subscribe to the new CoinDesk Podcast Network for fresh, insightful episodes nearly every day of the week

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On this special interview episode, @nlw talks with Sergey Nazarov and Kain Warwick, the founders of Chainlink and Synthetix respectively about:

  • The evolution and goals of Synthetix, a novel type of derivatives exchange where users can interact with any asset with a price feed.
  • The challenge Synthetix faced around spinning up their own oracles around price feeds
  • The history of their collaboration and how Synthetix came to work with Chainlink
  • Chainlink approach to building decentralized oracles for data such as price feeds
  • Chainlink’s announcement yesterday about the new published price reference data for 25 oracle networks
  • The state of the idea of decentralization, and how what was previously a concept is becoming operationalized
  • One thing that gives them pause or scares them about DeFi and crypto and one thing that makes them excited for the future

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The best way to fund open source projects remains a question, and one that - in the context of crypto protocols - has never had higher stakes. Over the last few weeks, we’ve seen live action experiments in a number of different approaches.

Gitcoin grants used a quadratic funding program to match grants to technology builders and media creators in Ethereum

After months and months of concerted community debate and conversation, Zcash will implement a new Dev Fund of 20% of the block rewards after the Founders Reward runs out in November, splitting it between the Electric Coin Co (7%), Zcash Foundation (5%) and 3rd party developers (8%)

A consortium (cartel?) of the 4 largest BCH mining pools tried to insist upon a 12.5% block reward diversion to a new dev fund, with a threat to orphan blocks that didn’t comply. The plan ran into a barrier when Roger Ver’s bitcoin.com backed away.

Also in this episode, @nlw looks at the latest in CBDCs - including Japan’s continued hedging that they’re preparing for the possibility of needing to move quickly and Cambodia’s announcement that they will be implementing a CBDC this quarter.

Finally, Andrew Yang took a few minutes yesterday to talk about cryptocurrencies and why regulation with the intent to stop them would be doomed to fail.

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The competition around staking is heating up, and the latest entrant is Binance.US, who will begin to offer staking on two assets with plans to roll out more in the future.

On this episode of The Breakdown, Catherine talks with NLW about:

  • How the company prioritizes both new features and which audiences to build for
  • Why staking is important both for allowing people to do more with their crypto assets as well as help build and secure the networks those assets run on
  • How staking is part of a much larger mission around education, financial literacy and lowering the barriers to entry for participation in crypto.

Listen now or read more about the news.

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We’re over $9,000! That means a lot of good things, of course. But any price increase brings with it increased scrutiny and, yes, increased FUD. The question for this time around is whether the FUD is the same old same old or something new.

In this episode, @nlw looks at three emergent (and continued) areas of FUD, including: 1) accusations that the bitcoin community is rooting for calamity as the safe haven narrative takes hold; 2) an updated “crypto is for criminals” narrative with more emphasis on state-level enemies; 3) a new, more economically vindictive green/energy waste narrative.

Importantly, the question isn’t so much whether these new categories of FUD will come to fruition, but what can be done about them.

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The best Sundays are for long reads and deep conversations. Earlier this week, the Let's Talk Bitcoin! Show (Adam B. Levine, Andreas M. Antonopoulos, Jonathan Mohan and Stephanie Murphy) gathered to discuss Lightning Network technology and two innovative approaches at the wallet level which simplify the new-user experience at a tangible, but seemingly minimal cost.

On today's podcast we zero in on the challenge of "Channel Management", an until-recently-mandatory part of connecting to and utilizing the still-nascent Lightning Network.

Until recently, the way Andreas sends a payment to Stephanie through Lightning is either through a direct channel to her or through a route of hops that can eventually reach Stephanie.

But if a user is brand new to the Lightning network, how do they go about receiving their first payment? - This question has been answered by both ZAP wallet and Phoenix wallet, using different techniques.

Phoenix wallet is made by ACINQ, the makers of Eclair wallet. Eclair offers more advanced/technical users a deeper look behind the hood of the inner workings with channel management being a manual operation.

With Phoenix, ACINQ has taken this away, with the aim of it being a more user friendly wallet for the end user - A more Mom and Pop style wallet.

When Stephanie, a new user of Phoenix wants to be paid by Andreas, she will create an invoice on her phone, just like any other wallet. Andreas will then scan that QR code, send the payment, and it will look just like any other Lightning transaction to Andreas.

If Stephanie currently has channels open with enough inbound capacity - Then it will complete successfully. But what happens when there is not enough inbound capacity, or no channels at all?

This is where Phoenix differs. Phoenix wallet offers no channel management to the end user, it is all done under the hood. The wallet ONLY connects to the ACINQ node, initially through a ‘fake channel’ and when an incoming payment is detected by ACINQ, the ‘routing hint’ that was contained in the QR code points to Stephanie’s wallet through this fake channel.

[Andreas → Node X → Node Y → ACINQ Node ---> Stephanie]

Stephanie will then get notified that she has an incoming payment and be asked if she would like ACINQ to open a channel with her and push her the balance due (Turbo Channel). This comes at a cost though, 0.5% of the amount received. [Phoenix state that this is to cover the cost of opening the channel and allocating additional liquidity on their side]

POINTS OF INTEREST

  • Is the ease of use factor worth the cost involved?
  • If only connecting to the ACINQ node, will this create centralisation?
  • What if ACINQ node goes down?
  • Cheaper than using a Bitrefill Thor Turbo Channels?

NOTES

  • Phoenix is non-custodial
  • Phoenix claims to be “trust-minimized, but not trustless”
  • Lightning node runs directly on the phone
  • Phoenix offers no on-chain balance. All monies on the wallet are contained in channels.
  • There is also the ability to send and receive on-chain bitcoin using swaps (this also comes with a fee)

ZAP takes a different approach to onboarding new users. Their aim is for users to be able to use their debit card to have bitcoin sent to them on the Lightning Network, even when they have a fresh wallet with no channels. Then the user has the ability to make payments on the Lightning Network.

The creator of ZAP, Jack Mallers has started a new services which he calls OLYMPUS. This service is standalone and can be implemented by other Lightning wallets, with there being no requirement for the Lightning wallet used to be ZAP.

Quoting from the Zap blog on what Olympus is:

“Olympus is an external service that clients make requests to. The service is responsible for the hard parts: onboarding users, processing payments, managing market risk, streaming quotes, and delivering bitcoins.”

Once payment has been received by Olympus, it will then open a Turbo channel to the user, with the pushed amount that they have just purchased with their debit card. With the use of a Turbo channel, the user is able to spend straight away. Jack Mallers has also stated that in the future Olympus will not only push the amount to the user but will also have some funds on their end of the channel. The amount to be staked by Olympus will vary depending on the users usage.

Currently Olympus is in Beta and available to only a few select users in the United States with a plan to roll out publicly and eventually to other countries

POINTS OF INTEREST

  • Olympus requires KYC/AML
  • If you are a business using the Olympus service will this mean that when the channel is opened to you, Olympus will open a channel with much higher funds on their end as opposed to if you are only an individual?

NOTES

  • ZAP is non-custodial
  • ZAP is available for Windows, Mac, Linux and mobile (iOS and Android)
  • ZAP can connect through a remote node on Mobile - On Desktop offers remote node and own neutrino node.
  • Using ZAP wallet does not require KYC/AML - But using Olympus does
  • ZAP has the ability to offer a version of their wallet that doesn’t contain the Olympus feature\

Want more? Catch up on 7 years of Let's Talk Bitcoin!

This episode of Let's Talk Bitcoin! is sponsored by Brave.com, eToro.com and Purse.io.

Mountain Stairs Photo by Joshua Earle on Unsplash

Lightning Photo by Dominik QN on Unsplash

This episode was produced by James and featured Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy, and Jonathan Mohan

Music for today's episode was provided by Jared Rubens, and Gurty Beats, with editing by Jonas.

Would you like to Sponsor a future episode of the Let's Talk Bitcoin! show? Do you have any questions or comments? Email adam@ltbshow.com

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That’s a wrap! The World Economic Forum is over, and the key ideas coming out of Davos for our industry are: 1) a continued ‘blockchain, not crypto’ narrative; 2) a believe in the inevitability of cashless futures (without much concern about the negative implications); and 3) the rise of CBDCs.

On the CBDC front, the WEF put out a toolkit for governments that are considering their own currency; Japan announced a project to explore a digital currency as a counterweight to the influence a digital yuan might bring China; and a BIS study says 1 in 10 governments anticipate having a digital currency within 3 years.

Finally, we close asking prolific bitcoiner and artist Brekkie von Bitcoin about the state of bitcoin art and why even the hardcore financially-minded folks in the space should care.

Topics Discussed

The WEF wraps up and it’s all ‘blockchain not crypto’ and cashless futures

https://www.coindesk.com/notes-from-the-wef-cash-is-dead-long-live-digital-cash

1 in 10 central banks planning CBDCs in the next 3 years

https://www.wsj.com/articles/central-banks-warm-to-issuing-digital-currencies-11579796156

Japan floats idea of digital currency to counteract influence of China

https://www.reuters.com/article/us-japan-economy-digital/japan-ruling-party-lawmakers-to-float-idea-of-issuing-digital-currency-idUSKBN1ZN0OU

Brekkie’s Bitcoin Art Newsletter

https://www.vonbitcoinart.com/newsletter

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There is an ongoing debate in the crypto community about where mainstream adoption. One point of view is that it will be the slow steady acceptance of digital assets. On that front, Bakkt president Adam White said in Davos yesterday that the company is on track to launch their app this year.

Another perspective is that the main use case of crypto is to enable otherwise censored transactions. Lending credence to this perspective is the case of Pornhub, which saw payouts to its more than 100,000 performers blocked unexpectedly by PayPal in November, and which announced cash outs via Tether (USDT) today.

In this episode, @nlw breaks down these two arguments and asks whether they’re mutually exclusive.

Also discussed is the new BCH mining group (cartel?) insisting on a 12.5% block reward dev fund, as well as interesting insights and data from research from CoinDesk and The Block today.

Topics discussed

Bakkt's consumer app is coming in 2020, and it'll look more like PayPal than Coinbase

Pornhub Now Lets Models Get Paid With the Tether Stablecoin

Bitcoin Cash Miners Propose Controversial Soft Fork for Zcash-Style Development Fund

CoinDesk Q4 2019 Review: A Year in Suspended Animation

Research report - employment trends in the digital asset industry commissioned by the Blockchain Association

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News broke yesterday that the Libra Association had seen it’s eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues that Association members are far less of a factor in Libra’s success than key regulatory questions around domiciling, the value peg and the US’s fear of a Chinese digital currency.

Also in this episode, Square Crypto announces its plans for a 'Lightning Development Kit' while Square also announced a new patent that could make crypto easier to use. In regulatory battles, meanwhile, both the Blockchain Association and the Chamber of Digital Commerce have filed amicus briefs around the SEC-Telegram lawsuit.

Topics Discussed

Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association

Square Crypto Is Creating a 'Lightning Development Kit' for Bitcoin Wallets

Jack Dorsey's Square Wins Patent for Fiat-to-Crypto Payments Network

Blockchain Association Sides With Telegram Against SEC, Says Grams Are Not Securities

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Ever since announcing their fourth round of grants, Gitcoin has been a major subject of conversation across the Twittersphere. In addition to all the excited buzz from both technical projects and media creators vying for grants matched based on E. Glen Weyl and Vitalik Buterin’s quadratic funding model, there has been controversy. Some of that controversy has been from outside the Ethereum community, pointing to Consensys and Ethereum Foundation support as an example of centralization. Some of the controversy has come from within, as debates rage about what is or isn’t an acceptable use of “public” resources.

No matter what one’s position, it’s hard to deny that Gitcoin is one of the most interesting experiments in open source funding to date. Listen as @nlw askes the projects founder Kevin Owocki about the history of the project, the controversy, and what makes this round of grants such a big jump forward.

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The best Sundays are for long reads and deep conversations. Earlier this week, the Let's Talk Bitcoin! Show gathered to discuss decentralization in blockchain projects, the historical context of decentralized organizations, the robustness it conveys but also the difficulties it engenders.

On today's podcast we apply concepts and stories from "The Spider and the Starfish: The Unstoppable Power of Leaderless Organizations", a formational book on pre-blockchain decentralization written in the early 2000's, as the centralized US military struggled to effectively dispatch a much smaller decentralized force in Afghanistan. While the battlefield is different, the insight is perhaps even more relevant to the world of blockchain projects, their decentralized origins and ambitions.

Later, we discuss the similarities between decentralized organizations and the Buddha's concept of self.

Want more? Catch up on 7 years of Let's Talk Bitcoin!

This episode of Let's Talk Bitcoin! is sponsored by Brave.com and eToro.com.

Original Photo by Ubaidhulla Adam on Unsplash

This episode featured Adam B. Levine, Stephanie Murphy, and Jonathan Mohan

Music for today's episode was provided by Jared Rubens, and general fuzz, with editing by Jonas.

Would you like to Sponsor a future episode of the Let's Talk Bitcoin! show? Do you have any questions or comments? Email adam@ltbshow.com

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One man. Three piping hot takes. In this special interview episode of The Breakdown, financial advisor and crypto advocate Tyrone Ross shares his thoughts on:

  • Why Financial Advisors are the key to bringing in the next wave of crypto investors
  • Why DeFi is an even bigger deal than you think - and not just to the hackers and entrepreneurs building on it
  • Why Square’s CashApp - not Binance, not Coinbase, not any one else - is the most important company in Crypto

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As Libra continues to spur discussions among regulators around the world, and China’s digital yuan comes ever closer to fruition, the U.S. Federal Reserve seems disinclined to look seriously at a digital dollar. Ex-CFTC Chair Chris Giancarlo - aka “Crypto Dad” - isn’t waiting around. He has teamed with Accenture to launch the nonprofit Digital Dollar Foundation.

As crypto continues to evolve, it does so in sometimes divergent directions. Gemini announced a new insurance company designed to make big institutions more comfortable with the space. Zcash, meanwhile, released an updated SDK to make it easier to shield transactions via mobile. Can the privacy-preserving side of crypto co-exist, ultimately, with the sanguine institutional side?

Finally, we revisit our discussion of personal tokens and ISAs, as well as look at the latest research from Coinmetrics on whether bitcoin is behaving like a safe haven asset.

Topics discussed:

Former CFTC head Giancarlo launches Digital Dollar Foundation

Gemini creates an insurance company with $200m limit to protect clients

Coinmetrics examines bitcoin safe haven narrative

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Crypto tokens weren’t the only thing that saw a major pump yesterday. The total value locked in DeFi ascended to new heights. While part of this can be explained simply by the rise in ETH price, it also reflected traders turning to DeFi platforms as a way to get more exposure to the market action without selling their core assets.

For all the exciting price action, not everything is pointing in a positive direction. These market moves don’t seem to reflect new market participants, for example, and anecdotally, times remain tough for projects trying to fundraise.

In our final segment, we look at a blockchain conference in North Korea that the UN suggests simply attending may violate international sanctions, an Iran-focused hedge fund that uses cryptocurrency to work around international restrictions, and ask whether this sort of activity presents a narrative risk to the industry as a whole?

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Bitcoin is up more than 8% in the last 24 hours. BSV, meanwhile, is up nearly a whopping 100%. The question is, of course, why? Is it some larger macro context? A pump-and-dump? Or just the crypto markets being as crazy as they are. The Breakdown invited guest Mati Greenspan, former e-Toro analyst and now founder of Quantum Economics to give his take.

We also look at two stories around the growing crypto derivative markets: the launch of the CME’s options on bitcoin futures and CFTC Chair Heath Tarbert’s comments yesterday that regulated derivatives will bring legitimacy to the space. Finally, we look at a just-released Investor Alert from the SEC on IEOs.

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Starting today, accredited investors will be able to part of $13.5m in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal moment for both crypto and the larger idea of Income Share Agreements.

In this podcast, we discuss how big a deal Dinwiddie’s offering is and whether Income Share Agreements could be a breakout use case for crypto. We also discuss other contenders for “crypto killer app,” including undercollateralized DeFi loans and NFT-based games. Finally, we discuss whether crypto’s actual killer app has already arrived - in the form of using bitcoin to escape local political and economic controls.

Topics Discussed:

Spencer Dinwiddie tokenizes $13.5m NBA contract

What Income Share Agreements have to do with crypto

Bitcoin’s mainstream use case isn’t mainstream

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The best Sundays are for long reads and deep conversations. Earlier this week, the Let's Talk Bitcoin! show enlisted CoinDesk reporter Leigh Cuen and early cypherpunk Zooko Wilcox for a conversation on the history, challenges and long term development path of early, formative technologies. which we often hear modern blockchain movements compared against.

From the pre-internet days, through the free/open source movement, linux's successes and challenges on the desktop, the peer-to-peer movement, cypherpunks, linux maximalism, fundamentalism as a concept as well as some brief excursions through some history and politics of the time... Later, we'll discuss how AI and lawyers have more in common than you'd think, and what kind of protections we may need as autonomous agents become ubiquitous.

This episode of Let's Talk Bitcoin! is sponsored by Brave.com, eToro.com, and Purse.io Original Photo by Museums Victoria on Unsplash. This episode featured CoinDesk Reporter Leigh Cuen and Zooko Wilcox. Music for todays episode was provided by Jared Rubens, and general fuzz, with editing by Jonas. Have any questions or comments? Email adam@ltbshow.com - And with luck we’ll be back next week with full host discussions.

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China’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency actually is, it’s clear that China wants the world to see it as ahead of the curve in the digital currency race.

In other parts of the world, crypto companies face a never-ending game of regulatory arbitrage. Derebit has moved from the Netherlands to Panama, citing a new burden from AMLD5 compliance. In the U.S., New York wants to give its crypto regulators (even) more teeth while Illinois recognizes the legality of blockchain-based contracts.

Topics Discussed:

PBoC paper claims “top-level” design of crypto currency complete. https://www.theblockcrypto.com/linked/52616/chinas-central-bank-says-it-has-completed-top-level-design-of-digital-currency

Zuck leaves out Libra in Faceboook 2030 vision

https://www.coindesk.com/facebooks-zuckerberg-highlights-digital-commerce-but-not-libra-in-2030-vision

Derebit leaves the Netherlands for Panama due to AMLD5 compliance concerns

https://www.coindesk.com/dutch-derivatives-exchange-deribit-to-move-to-crypto-friendly-panama

Gov Cuomo wants to give NYFDS more teeth

https://www.coindesk.com/new-york-governor-proposes-giving-financial-watchdog-more-teeth

Illinois recognizes legality of blockchain-based contracts

https://www.coindesk.com/illinois-legalizes-blockchain-contracts

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The aftershock of the 2016 The DAO hack meant that DAOs weren’t nearly as hyped as ICOs and later some other aspects of the web3 movement. In 2019, however, DAOs came roaring back and start 2020 with the wind at their sails.

In this episode, we look at the 2019 DAO tale of the tape - what people thought would happen and what actually did happen, including the launch of Moloch, MetaCartel, Ethereum’s MarketingDAO and more than 1000 DAOs on Aragon. We also hear from Aragon founder Luis Cuende who discusses 1) why the newly launched Aragon courts expand what DAOs can do; 2) examples of the need for subjective human intervention in DAOs; and 3) why 2020 is poised to be DAOs best year yet.

RELATED STORY: Aragon courts begin recruiting jurors

DAO Platform Aragon Begins Recruiting Jurors for Tokenized 'Court'

RELATED STORY: Ryan Zurrer’s new for profit DAO

Former Polychain Partner Ryan Zurrer Is Leaving Web3 to Start a DAO

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The conversation about whether bitcoin is a safe haven asset continues in the wake of Iranian missile strikes, which saw the price of BTC both surge and retrace in parallel with crude and gold. To help explain what’s going on, we feature comments from Ikigai Asset Management’s Travis Kling.

Also in today’s episode, we look at newly published priorities from the SEC around crypto including investor suitability, trading practices, and compliance program effectiveness. We also discuss former Bakkt CEO and now Georgia Senator Kelly Loeffler’s appointment to the committee that oversees the CFTC. Is it a conflict of interest, something good for the crypto industry, or both?

Topics discussed:

Bitcoin as a safe haven asset as it follows crude and gold after Iran missile strikes

Related Story: Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack

SEC publishes 2020 crypto priorities

Related Story: Former Bakkt CEO to Help Oversee CFTC in Congress

Kelly Loefller appointed to committee overseeing CFTC

Related Story: SEC Examination Office Gets Specific About Crypto Priorities in 2020

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In their annual transparency report, Kraken reported seeing a 50% increase in regulatory inquiries as compared to 2018, which CEO Jesse Powell later revealed cost the exchange more than $1m. Between this and stories like the $2m it cost Blockstack to raise $23m in an SEC compliant token sale (8.7% of the raise), it begs the question: will compliance costs fundamentally limit innovation by demanding big war chests to play? Will the most successful companies be those who (like Block One) simply raise enough to pay off the regulators on the back end?

We also look at new mining interests in Texas and what it means for American mining and bitcoin mining in the lead up to the halving more broadly, as well as dissect an op-ed from the IMF’s chief economist on the strength of the dollar over digital alternatives.

Topics discussed

Kraken annual transparency report shows off growing regulatory inquiries and increasing cost of compliance

Related Article: Law Enforcement Data Requests Rose by Almost 50 Percent in 2019, Says Kraken

New global interests in giant Texas-based bitcoin mining operation

Related Article: SBI, GMO to Rent Capacity at Massive Bitcoin Mine in Texas: Report

The IMF’s chief economist on why digital currencies don’t threaten the dollar’s global reserve currency status

Related Article: Digital Currencies Won't Replace US Dollar Any Time Soon: IMF Chief Economist

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Last week, the US government took out a key Iranian military leader. As the world - and the markets - reacts to the news, some are asking what happens with bitcoin. With global instability on the rise, will more people turn to bitcoin as a safe haven asset? Will speculators drive the price up on that narrative even if it doesn’t bear out in reality? If Iranians use crypto, will that draw the attention and ire of regulators?

In a different area of the industry, Telegram has released updated information about their forthcoming crypto token TON. Most notable was the bombshell that the token would not be integrated into Telegram Messenger - which was, of course, the predominant logic behind the more than $1.7B that was invested in the TON presale.

Finally, we discuss the dust up around Nakamoto.com, a new crypto journal that was almost immediately accused of affinity scamming and censorship. Is it a case of overzealous bitcoin defenders or does the critique hold merit?

Topics discussed:

The implications of Iran and geopolitical instability for bitcoin

https://www.coindesk.com/bitcoin-eyes-price-breakout-amid-us-iran-tensions

Telegram updates expectations around TON ahead of SEC deposition

https://www.coindesk.com/telegram-tries-to-clarify-gram-crypto-project-amid-ongoing-sec-fight

New crypto journal Nakamoto.com stirs controversy

https://messari.io/article/naka-naka-naka-work-anymore

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The past few weeks have seen multiple instances of large, centralized tech giants censoring crypto related content and activity. Noticed in the context of the Coinbase Wallet, Apple is pushing back against apps that have anything to do with Dapps. YouTube caused even more of a stir when it took down hundreds of crypto-related videos from prominent influencers without any warning. It later reversed the action, claiming an error, but it was enough to get many to ask: are decentralized alternatives possible?

As if on cue, Justin Sun popped up to announce that TRON had struck a deal through which decentralized Twitch competitor and streaming service DLive would be moving to the TRON Blockchain and integrating with BitTorrent’s BLive streaming service. For many, however, TRON’s involvement makes DLive more likely to end up a centralized tool than a disruptive decentralized social network alternative.

Episode Topics and Links

  • YouTube (temporarily) takes down crypto content
  • Apple pushes back on Dapps in the app store
  • Crypto community calls for decentralized alternatives to big tech
  • DLive moves to TRON Blockchain

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Taylor Monahan is the founder and CEO of MyCrypto. In this interview as part of The Breakdown’s end of year coverage, she argues that the level of discourse in crypto matured in 2019, with more focus on things that actually matter. That’s important, because in 2020, she predicts a major fork-in-the-road moment, where the industry as a whole could either stay on the path set out in its cypherpunk roots, or be significantly co-opted and corrupted by the entrance of corporate and government actors into the space.

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Tom Shaughnessy is a co-founder at Delphi Digital as well as the host of the Chain Reaction podcast. Jordan Clifford is managing director of Scalar Capital. In this end of year interview for The Breakdown, Tom argues that the big story of 2019 was actually the fact that it was all about quiet building. When it comes to 2020, however, watch out for fireworks. Tom predicts we’ll see a major increase in the layer 1 smart contract platform wars, as well as an increased in the perceived importance of token economic design. Jordan meanwhile argues that we’re likely to see a shift back to development at the application layer.

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Katherine Wu was a founding team member at Messari before moving into a VC role at Notation Capital, but is perhaps best known in crypto for her epic annotations of key regulatory enforcement actions. In this end of year interview with The Breakdown, Katherine argues that decentralized finance is the narrative of 2019, but also that when it comes to 2020, the emergence of a Chinese digital yuan is likely to have a huge impact on the crypto space.

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Sometimes things are clear, and to both Camila Russo (write of The Defiant newsletter) and David Hoffman (co-host of the Crypto POV podcast), it couldn’t be clearer that the essential narrative of 2019 was the rise of DeFi as a true market force. In individual interviews as part of The Breakdown’s end of year coverage, each also makes a 2020 DeFi prediction. For David, it’s all about increased attention on the space and the power of composability, while for Camila, it’s a bet that we’ll start to see the first under-collateralized DeFi loans.

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Marty Bent is the author of one of the most popular daily Bitcoin newsletters and co-host of Tales From The Crypt. In this end of year interview with The Breakdown, he talks about the macro context - from trade wars to pressure on the fed to continue and expand the QE experiment to global instability - and how it is painting in stark colors the need for tools like bitcoin.

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Rob Paone, aka Crypto Bobby, got his start as a popular crypto YouTuber and has gone on to help build a number of crypto companies before launching his own technical recruitment firm. Preethi Kasireddy is the founder of the TruStory debate platform. In two individual interviews as part of The Breakdown’s end of year extra, both argue that a big part of the 2019 story was the slow, steady slog of building, and that, in some ways, 2020 may be poised for more of the same.

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One of CoinDesk’s ten most influential people of 2019, Melem Demirors is a crypto renaissance woman, known best for investing, operating as CSO of CoinShares, and for explaining ‘shitcoins’ to Congress.

In this end of year Breakdown, Meltem argues explains why the entrance of governments to the digital asset game is the most significant story of 2019, as well as suggesting that the presence of an entirely new financial infrastructure around bitcoin means the halvening is likely to be unlike what anyone thinks.

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Peter McCormack is one of the most prominent podcasters in the space. In 2019, he added a new podcast called “Defiance” and focused on the intersection of bitcoin, human rights, and political activism to complement his “What Bitcoin Did” podcast. In this special end of year episode of The Breakdown, Peter discusses why the past year represents an inflection point for citizen action and sovereign protest around the world, and why 2020 is likely to see a continued bloodletting among non-bitcoin cryptoassets.

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One of the most important (yet somehow quiet) narratives of 2019 has been the financialization of bitcoin and the emergence of a robust market for derivative products. That was reinforced today as Binance announced a significant investment in derivatives exchange FTX. How will key events coming up in 2020 like the bitcoin halving be impacted by the presence of derivatives?

At the same time, not all crypto projects are trying to change money. Some, like the Saint Fame DAO, a fashion house-slash-human coordination experiment, are simply trying to do interesting things that people think are cool.

Topics discussed:

Binance invests in crypto derivatives exchange FTX

https://www.coindesk.com/binance-invests-undisclosed-sum-in-crypto-derivatives-platform-ftx

New derivative products help miners hedge against volatility

https://www.coindesk.com/gsr-partners-with-canaan-backed-startup-to-offer-crypto-miners-derivatives

Saint Fame brings the DAO model and bonding curves to fashion.

https://www.coindesk.com/meet-the-decentralized-fashion-house-bringing-overpriced-t-shirts-to-ethereum

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Accredited investor laws block most of the US out of technology and other types of early stage risk investing, but as the ICO boom showed, not being allowed to do something doesn’t mean that people don’t want to do it.

The SEC announced prospective changes to those laws that could expand accredited status. In the world of DeFi, a number of different projects including Synthetix (with an assist from Chainlink) and Kyber are looking to more fully decentralized heading into 2020.

And finally a quick review of the CoinDesk 2019 most influential list, including why Hodlonaut is the best selection.

Topics Discussed

The SEC has announced a set of potential modifications to contentious accredited investor rules. https://www.coindesk.com/sec-proposal-would-broaden-accredited-investor-definition

Kyber and Synthetix look to move certain governance functions to DAOs and Synthetix teams up with Chainlink for decentralized price oracles. https://thedefiant.substack.com/p/defi-heavy-weights-synthetix-and

CoinDesk has published its annual most influential list. https://www.coindesk.com/presenting-coindesks-most-influential-2019

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From “digital gold” to “stacking sats” to “ETH is money,” 2019 was a year of narrative battlegrounds and meme warfare. And when every narrative is competing for scarce resources and attention, things are sure to get contentious.

This special episode breaks down Ryan Selkis’ recent list of top ten crypto narratives and adds a few more worthy of note. Does “The Revolution Need Rules?” Is “Dissident Tech” the newest important area of focus.

Topics Covered

The most important memes and narratives of 2019

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Welcome to The Breakdown: A daily analysis show distributed by CoinDesk, featuring @NLW

On this episode...

More crypto businesses are transitioning to or choosing to focus exclusively on bitcoin only from the beginning, in some ways representing a productization of bitcoin maximalism.

In China, however, the government is cracking down fiercly on resurgent crypto businesses that have taking President Xi’s positive comments about blockchain as an excuse to operate more openly.

Interestingly, the attitude of many US financial firms seems to be shifting from a version of “blockchain not crypto” to “digital assets not blockchain” as they begin to adapt to demand from customers.

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Subscribe to Road to Consensus here:

https://art19.com/shows/road-to-consensus-by-coindesk

We've launched a new podcast featuring interviews with leaders of the blockchain industry. If you like this first episode, please subscribe at the link above! And if you want more info about Consensus in New York on May 13, visit Consensus2019.com

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  • F2pool, believes that anywhere from 600k to 800k bitcoin miners have shut down since mid-November as the bitcoin network’s hashrate - and the cryptocurrency’s price - have declined.
  • Ripple has released the latest version of its most popular product, xCurrent.
  • Porn startup SpankChain raised $6 million in an initial coin offering in 2017.
  • Ohio has officially become the first US state to accept bitcoin for taxes.

Late Confirmation is a CoinDesk production.

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  • The U.S-based crypto mining firm Giga Watt filed for chapter 11 bankruptcy this past Monday, but it still owes creditors some $7 million.
  • Insurance coverage in the crypto space totals about $6 billion, a mere drop in the bucket for a market cap of $140 billion.
  • Six days after the bitcoin cash hard fork, it appears that the chains will be permanently split.
  • Silvergate Bank has 483 crypto startups as its clients, according to a filing it made as part of an initial public offering.

Late Confirmation is a CoinDesk production.

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  • The ICE’s bitcoin futures trading platform Bakkt is delaying its product launch.
  • The U.K.’s FCA is considering a ban on some cryptocurrency-based derivatives, a senior executive has said.
  • The Alabama Securities Commission is taking a hard stance on would-be ICO frauds.
  • The U.S. Department of Justice is increasingly focusing a months-long investigation into crypto market manipulation on the tether stablecoin.

Late Confirmation is a CoinDesk production.

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  • Bitcoin’s price fell below $5,000 for the first time since October 12, 2017, dropping more than $500 to hit $4,981 earlier today.
  • Despite the falling crypto prices, developers and entrepreneurs are still moving into the crypto space.
  • Deputy U.S. Attorney General Rod Rosenstein is calling on Interpol’s member nations to cooperate in preventing cryptocurrencies from being used for illicit purposes.
  • The U.S. Federal Election Commission may allow people to mine cryptocurrencies to support political candidates - but some restrictions will apply.

Late Confirmation is a CoinDesk production.

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  • A European Central Bank executive board member said this week that blockchain is promising – but that bitcoin is “the evil spawn of the financial crisis.”
  • Two cryptocurrency startups have agreed to register their initial coin offering tokens as securities after settling charges with the U.S. Securities and Exchange Commission.
  • Interest from both employers and job seekers in blockchain and cryptocurrency-related jobs has declined in the past year, new data indicates.
  • After yesterday’s split of the Bitcoin Cash blockchain, several top exchanges have already accommodated the resulting two tokens.

Late Confirmation is a CoinDesk production.

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  • Bitcoin cash's contentious hard fork happened today around 1 pm eastern time.
  • Notable consumer bitcoin mining pioneer Baliji Srinivasan is backing a startup seeking to take another stab at popularizing in-home crypto mining.
  • Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that collected 7.8 billion yen (almost $69 million) from thousands of victims across the country.

Late Confirmation is a CoinDesk production.

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  • Bitcoin fell to its lowest price in over 12 months on Wednesday amid a broader cryptocurrency market sell-off.
  • A new BitLicense has been issued by the New York State Department of Financial Services
  • Messenger app maker Kik is quitting Ethereum for good as it continues to develop its own cryptocurrency.
  • One of the bitcoin community’s most beloved veterans just got a promotion.

SPECIAL on today's episode: CoinDesk's Nolan Baurle and MarketWatch's Andrew Neary discuss the results of a study comparing the two publications' audiences. How do crypto fans stack up against traditional investors? The results are fascinating.

Our study was made possible with the help of Zion Trades.

Late Confirmation is a CoinDesk production.

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  • It's increasingly looking like Bitcoin Cash mining pools will run a version of the software called Bitcoin SV.
  • An ongoing legal battle between XRP investors and payments startup Ripple is entering its next phase.
  • Japanese IT giant GMO has reported a loss of about $5.6 million for its cryptocurrency mining business in the third quarter of 2018.
  • Oil industry giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry by the end of 2018.

Late Confirmation is a CoinDesk production.

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  • Ironic? A fractious divide in the Bitcoin Cash community has raised fears that the cryptocurrency – the fourth largest by market cap – could split into two.
  • The Monetary Authority of Singapore (MAS) and the country's stock exchange, Singapore Exchange (SGX), have developed a settlement system for tokenized assets that can work across different blockchains.
  • Global professional services giant Accenture has rolled out a new software license management application built with tech from distributed ledger startup Digital Asset.
  • The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin trader and fined him over $1 million for running a fraudulent bitcoin and litecoin scheme.

Late Confirmation is a CoinDesk production.

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  • Bitmain is launching two new Antminer models targeting the bitcoin mining industry.
  • U.S. elections drama may be dragging Augur out of the doldrums.
  • Crypto wallet provider Blockchain says it's about to stage what it's calling the "largest crypto giveaway in history."
  • Cryptocurrency mining technology firm Bitfury Group has just closed an $80 million funding round led by venture capital firm Korelya Capital.

Late Confirmation is a CoinDesk production.

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  • The U.S. Securities and Exchange Commission (SEC) plans to clarify when and how cryptocurrencies may be classified as securities, and will do so in "plain English."
  • The chairman of Deltec Bank & Trust says a widely scrutinized letter about stablecoin issuer Tether's account at the Bahamas-based institution is "authentic."
  • Switzerland's Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets.
  • A little-known ethereum project called Lition is quietly helping real German citizens find cheaper energy.

Late Confirmation is a CoinDesk production.

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  • Tether, the company behind the controversial stablecoin of the same name, published a letter purporting to be from Deltec Bank and Trust Limited today, confirming that it has about $1.8 billion in its account as of October 31. However, the letter - dated November 1 - does not have a name attached to it, and the signature is essentially a curve.
  • Coinbase’s head of trading, Hunter Merghart, has resigned after just six months on the job, according to individuals familiar with the situation.
  • Dapper Labs, the company behind the development of the ethereum-based Crypto Kitties, just raised another $15 million from Google Ventures, SamsungNEXT and Andreessen Horowitz, as well as some groups not usually associated with venture investing such as William Morris Endeavour and aXiomatic.
  • The New York Department of Financial Services has just issued its 12th BitLicense, this time to a bitcoin ATM operator called CoinSource.

Late Confirmation is a CoinDesk production.

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  • The world's largest cryptocurrency exchange Binance has frozen accounts that received more than 93,000 ether from two wallets indirectly linked to the troubled Russian exchange WEX.
  • Former Federal Reserve chair Janet Yellen has been gifted a small amount of bitcoin.
  • The Indian government is considering imposing a ban on what it calls "private cryptocurrencies" in the country.
  • The Hong Kong Stock Exchange (HKEX) has teamed up with distributed ledger startup Digital Asset to develop a blockchain platform for post-trade processing.
  • A cryptocurrency ticker application called CoinTicker appears to be installing two backdoors on computers made by Apple, cybersecurity firm Malwarebytes warned Monday.

Late Confirmation is a CoinDesk production.

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  • U.S.-based cryptocurrency exchange Coinbase has just announced $300 million in new funding
  • The developer that formalized the code underlying most initial coin offerings (ICOs) – ethereum's ERC-20 token standard – has proposed a new approach in a bid to make the funding schemes more safe for would-be investors
  • A 21-year-old bitcoin trader from California has pleaded guilty to operating an unlicensed money transmission business and now faces a maximum of five years in prison.
  • Bitcoin's (BTC) downside break of the recent narrow trading range may have opened the doors for a drop to key support at $6,100, technical charts indicate.
  • Revealed exclusively to CoinDesk, Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at the ethereum design studio ConsenSy

Late Confirmation is a CoinDesk production.

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  • Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC
  • The Korean government made waves last year when it moved to ban initial coin offerings from taking place in the country.
  • Blockchain payments startup Ripple Labs has hired former Google executive Amir Sarhangi as its vice president of products.
  • After nearly two weeks stagnating at around $6,400, bitcoin has finally made a move – to the downside.
  • Cryptography startup StarkWare just closed a $30 million equity funding round led by Paradigm and featuring a number of other major investors, according to an announcement made Monday.

Late Confirmation is a CoinDesk production.

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  • In January, a new token is being launched on the ethereum blockchain that will be backed one-for-one by bitcoin.
  • An advisory committee to the U.S. Internal Revenue Service (IRS) believes the agency should provide clearer guidelines on how cryptocurrency transactions may be taxed.
  • An arbitration body in China has ruled that despite the country's central bank ban on cryptocurrency trading, bitcoin should still be legally protected as a property with economic values.
  • Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains.
  • The four biggest agricultural corporations in the world plan to utilize tech such as blockchain and AI to bring the global grain trade into the digital age.

Late Confirmation is a CoinDesk production.

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  • Parties solicited to invest in the pre-initial public offering (IPO) funding round for Bitmain Technologies, Ltd., the leading maker of cryptocurrency mining software and hardware, received pitch decks falsely suggesting the company had secured financial backing from Digital Sky Technologies Global and GIC Private Limited.
  • One of the oldest software wallet providers in the cryptocurrency industry is launching its first hardware product. Announced Thursday, Blockchain has partnered with hardware wallet maker Ledger and started taking orders for a new handheld device called Lockbox. The first batch of shipments will go out in November.
  • Distributed ledger tech startup Ripple saw revenue from the sale of the digital asset XRP more than double this past quarter compared to the second quarter of 2018.
  • The U.K. Royal Mint has suspended a long-running plan to create a crypto asset representing physical gold holdings.
  • Deutsche Bundesbank, Germany's central bank, and Deutsche Börse, owner of the Frankfurt Stock Exchange, have completed a blockchain trial investigating the technology's potential in securities settlement.

Late Confirmation is a CoinDesk production.

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  • Police in the Indian city of Bangalore have seized an ATM just weeks after it was set up by local cryptocurrency exchange Unocoin.
  • A college freshman is coming after your cryptocurrency – but not to steal your coins, just to prove that someone could do so pretty easily.
  • The Financial Services Agency, also known as the FSA, Japan's finance regulator, has formally approved a cryptocurrency exchange association as a self-regulating industry body.
  • Over a million dollars' worth of bitcoin has been hidden in a digital picture – and there's still some left to be found, despite attention from cyber-sleuths.
  • The U.K.-based settlement infrastructure provider Setl has been granted a license from France's securities regulator to operate a central securities depository system using blockchain tech.

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  • Crypto exchange Coinbase announced support for the Circle-issued stablecoin Tuesday.
  • The newest commissioner with the U.S. Securities and Exchange Commission met with representatives from money manager VanEck and blockchain startup SolidX earlier this month to discuss a bitcoin-based exchange-traded fund (ETF).
  • A decade after launching its first Android device, global consumer tech giant HTC is officially releasing its first blockchain-enabled phone.
  • Months after its debut, the cryptocurrency being launched by the estate of the late Wu-Tang Clan member Ol' Dirty Bastard (ODB) is moving ahead – starting with a public pre-sale that begins this week.
  • Elon Musk, the founder of SpaceX and Tesla, published a mysterious tweet on Monday about bitcoin that's whipping up speculation across social media and the cryptocurrency community that it may be more than just a joke.

Late Confirmation is a CoinDesk production.

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  • Transaction fees on monero have fallen sharply after last Thursday's system-wide software update.
  • An Australian securities regulator shuts down an ICO project planning to raise as much as $50 million.
  • Not to be outdone, the U.S. SEC has suspended the trading of shares for a company which claimed to be offering an ICO that was registered with the regulator.
  • Accenture says it has created an "interoperability node" that houses the rules of four major enterprise platforms.
  • San Francisco-based smart contract security startup Synthetic Minds has raised $5.5 million for its bid to roll out a technology that analyses blockchain networks for coding bugs.

Late Confirmation is a CoinDesk production.

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  • A new report indicates that an infamous North Korean hacking group has managed to steal over half a billion dollars in cryptocurrencies.
  • Ethereum's next hard fork will be postponed until early 2019, developers said Friday.
  • Binance looks to add more stablecoins.
  • The U.S. Securities and Exchange Commission (SEC) might make it easier for fintech startups to navigate legal waters.
  • A global money-laundering watchdog will begin publishing rules for international cryptocurrency regulation by next summer.

Late Confirmation is a CoinDesk production.

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A clampdown on cryptocurrency by Indian regulators is forcing one exchange in that country to go to great lengths to do business.

The U.S. Marshals have announced a plan to auction off nearly $4.3 million worth of bitcoin next month.

Clients of the defunct crypto exchange Mt. Gox must submit claims for trapped funds by October 22.

The Bill and Melinda Gates Foundation has partnered with blockchain startup Coil as part of its mission to provide payment services for the unbanked.

A U.S. cryptocurrency exchange is reporting a significant increase in trades between tether (USDT) and a newer alternative called TrueUSD.

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  • Trading bots appear to have gamed a big token announcement from Coinbase.
  • Binance teams up with Chainalysis to monitor cryptocurrency transactions in real-time.
  • A senior U.S. official made a big statement on blockchain-based smart contracts this week.
  • Amazon Web Services' China division is partnering with public blockchain project Qtum.
  • The ICO for Civil’s blockchain-for-journalism has officially failed.

Late Confirmation is a CoinDesk production.

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  • The Gemini dollar (GUSD) soared above $1 to a high of $1.19 Tuesday, just a day after competing stablecoin Tether (USDT) dropped to an 18-month low.
  • Crypto exchange Bitfinex announced a new process for depositing fiat currency, a move that came after the platform halted the service in recent days.
  • Singapore-based crypto exchange Huobi will list 4 US dollar-pegged coins some time this week.
  • A new startup called the Paradigm Foundation has secured $1 million in equity seed as it hopes to unite all the decentralized exchanges in a single order book.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform.
  • The price of the tether stablecoin (USDT) fell to an 18-month low Monday, and rumors are swirling.
  • But it's not all bad news for stablecoins: Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four U.S. dollar-pegged cryptocurrencies to its platform for trading.
  • Blockchain startup Adhara has secured $15 million in new funding from Consensys, the ethereum design studio. Good news for its all-star team of former banking innovators.
  • Sony has developed a new blockchain-based digital rights management system that may see commercial rollout.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • Bithumb, the largest cryptocurrency exchange in South Korea by trading volume, has been sold.
  • Ethereum's next system-wide upgrade is on track for November release, according to coders.
  • Gary Cohn, once the chief economic advisor to U.S. President Donald Trump, has just joined a blockchain startup called Spring Labs.
  • U.S. Commodity Futures Trading Commission chair J. Christopher Giancarlo says that an influx of institutional investors to the cryptocurrency markets may help the space "mature.”
  • Crypto exchange Coinbase is shutting down its institutional-investor focused index fund product, a spokesperson told CoinDesk.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • Coinbase will add the 0x protocol token to its professional trading platform, Coinbase Pro. It's the first ERC-20 token to get a place on the platform.
  • A region in Northern Syria is looking to cryptocurrency as a way to overcome economic sanctions.
  • Crypto giveaway scams featuring Elon Musk impostors are common on Twitter, but on Thursday they went to new heights, with a promoted tweet from a verified account.
  • The Securities and Exchange Commission moves against an initial coin offering and its organizer who allegedly claimed to have received approval from the agency.
  • Know any Mandarin-speaking blockchain experts? The People's Bank of China is hiring as it continues development of its central bank digital currency.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • Three years in the making, bitcoin's first sidechain, called "Liquid", is now live.
  • The Financial Stability Board says that cryptocurrencies and digital assets are not currently a threat to global financial stability.
  • The Securities and Exchange Commission goes after an alleged pump-and-dump scheme involving a $100 million ICO.
  • Cryptocurrency exchange Gemini hires another Wall street executive
  • Blockchain finance firm Clearmatics Technologies raises over $12 million in a Series A funding round.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • The Persian Gulf may get its first cryptocurrency exchange licensed by a central bank.
  • A cryptocurrency investment fund in Switzerland receives a license from the nation's financial markets regulator.
  • Blockchain startup Bitwala is aiming to launch Germany's first "blockchain bank account."
  • SpankChain, a cryptocurrency project focused on the adult industry, has suffered a breach that saw almost $40,000 in ethereum (ETH) stolen.
  • Japanese IT giant GMO Internet is jumping into the race to launch a successful stablecoin, planning the launch of a yen-pegged cryptocurrency in 2019.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • French supermarket giant Carrefour joins an IBM Blockchain program.
  • An ICO on bitcoin? If start-up RSK has its way, it could happen.
  • Controversial exchange Bitfinex attempts to disprove rumors of insolvency.
  • Stealth startup Good Money plans to launch of crypto wallet with the help of "mega-bloggers." Hope Floyd's available!
  • Venezuelan citizens must now purchase passports using the Petro, the nation's oil-backed cryptocurrency.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • Yale University reportedly invested $400 million in crypto fund.
  • SEC is looking for more comments on rejected bitcoin ETFs.
  • Miner making multi-million bet on Ethereum staying Proof-of-Work.
  • Celsius has over 10,000 users earning interest on crypto.
  • Fortnite Cheat has bitcoin-targeting malware.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • The EOS community is having its first voting fraud scandal.
  • The U.S. Department of Justice charged seven alleged Russian intelligence agents with using cryptocurrencies to fund undercover operations across the world.
  • An ICE official says that his agency tracks cryptocurrency conversions in its investigations.
  • The co-organizer of the first-ever Crypto Springs conference says, “nothing is decentralized”.
  • A French start-up receives $1.7 million to develop the Lightning Network.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • A critical exploit originally found in bitcoin’s code was patched last month before criminals could act on it. But it now appears there were some victims.
  • IBM claims to have found a way to reduce the energy consumption needed on proof-of-work blockchains.
  • This week RIpple was out in full force at its Swell conference.
  • Crypto exchange Gemini announced that from now on the digital assets it holds in custody will be covered by the insurance company Aon.
  • A new Congressional bill dubbed Blockchain Promotion Act of 2018 was recently introduced to the U.S. House of Representatives.

Host Pete Rizzo has the latest.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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  • CoinDesk has released a list of the top universities that offer courses on blockchain and cryptocurrencies.
  • Former president Bill Clinton spoke at Ripple’s Swell conference in San Francisco on Monday. Clinton expressed concern about "disparity of access" to new technologies like blockchain.
  • A new marketplace for crypto collectibles offers to sell them in bundles.
  • Venture capitalist invested almost four times more in blockchain projects this year.
  • CoinDesk researcher Peter Ryan discusses a new report on the top universities in blockchain education.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Hyperledger and Enterprise Ethereum Alliance join forces.

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Three companies are now using Ripple’s xRapid in real life.

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Researchers say that Ether’s price plunge didn’t hit ICOs.

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Blockchain is praised at the U.N. General Assembly.

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Montana nearly banned crypto mining in a single county.

Host Marc Hochstein has the latest.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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BitGo CEO Mike Belshe looks ahead to the the problem of securing a trillion dollar cryptocurrency wallet.

Decentralized exchange Everbloom is looking to become a certified broker-dealer in the U.S.

U.S. regulators brought charges against securities swap platform 1broker and its CEO Patrick Brunner for violating federal law.

Shares in the publicly listed blockchain tech and consultancy firm DigitalX have slumped after it revealed it is facing a legal claim in an Australian court.

Messaging giant LINE has announced the first five decentralized apps, or dapps, on its custom blockchain platform.

Host Bailey Reutzel has the latest from CoinDesk.

Recorded September 28, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Bitmain’s IPO filing reveals that it’s doing well despite the bear market.

-AND-

If you bet that the SEC would delay its bitcoin ETF decision again, you’re a winner.

-ALSO-

In a biting op-ed on CoinDesk.com, former EY employee Angus Champion de Crespigny writes that permissioned blockchains may have no real business benefit.

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CoinDesk editor Marc Hochstein investor Jalak Jobanputra on blockchain's progress in the developing world and advancing women's participation in the industry.

Host Pete Rizzo has the rest.

Recorded September 27, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Coinbase is gearing up to rapidly expand the range of crypto assets it lists.

-AND-

A new Ethereum scaling solution is out, and will be ready sooner than any other technologies aimed at scaling the second largest blockchain so far.

-ALSO-

Mining hardware manufacturer Bitmain has officially filed for an IPO, providing new business details in the process.

-ADDITIONALLY-

Cryptocurrency representatives mingled with at least one Congressman at a D.C. event on Tuesday. But regulatory clarity is still a long ways off.

-DON’T MISS-

CoinDesk editor Marc Hochstein interviews attorney Preston Byrne on the legal issues around ICOs, ether and XRP and whether stablecoins can really work.

Host Bailey Reutzel has the rest.

Recorded September 26, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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We traveled to the Concordia Annual Summit in New York City and spoke to four leading voices in the blockchain world, asking each one: how useful is a blockchain, anyway?

Hear answers from investor Jalak Jobanputra, Microsoft's Yorke Rhodes, attorney Preston Byrne, and Hyperledger's Brian Behlendorf in conversation with host Marc Hochstein.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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On a special episode of Late Confirmation, we visit the Concordia Annual Summit in New York City, where a broad range of thinkers and creators from different fields gather alongside the UN General Assembly. In this episode, we sit down with four notable attendees from the blockchain sphere and ask them each one question: Where is blockchain tech on the hype cycle?

The Gartner hype cycle, for those who don’t know, tracks the expectations of a new technology over time. Developing technology can hit the Peak of Inflated Expectations before falling into the Trough of Disillusionment, from which –– if successful –– it will emerge onto the Slope of Enlightenment. As a subjective measuring tool, the hype cycle can be useful thought experiment for thinking about discussions of blockchain technology.

Our interviewees in this episode include Hyperledger’s Brian Behlendorf, attorney Preston Byrne, Microsoft’s Blockchain Engineering team Project Manager Yorke Rhodes, and Jalak Jobanputra, founding partner of Future/Perfect Ventures.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A new research paper claims that tether has had no meaningful impact on the price of bitcoin.

-AND-

Bitmain unveils another ASIC, but it’s light on detailed specifications.

-ALSO-

3D-printed gun creator and bitcoin advocate Cody Wilson has been arrested in Taiwan following charges from U.S. police that he paid for sex with a minor.

-ADDITIONALLY-

Independent software developer Alexey Ak-who-nov has built a new tech solution for ethereum that may use significantly less disk space.

-DON’T MISS-

CoinDesk reporter Nikhilesh De joins host Bailey Reutzel to discuss new deadlines for SEC decisions on bitcoin ETFs.

Recorded September 21, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Cryptocurrency exchanges react furiously to a new report from the New York Attorney General’s office.

-AND-

Another Japanese exchange loses millions of dollars to hackers.

-ALSO-

Cypherpunk veteran David Chaum has a new coin: Elixxir.

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CoinDesk research analyst Peter Ryan joins host Marc Hochstein to discuss the latest statistics on blockchain venture capital and ICOs.

Recorded September 20, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Banking giant PNC has adopted Ripple’s technology for cross border payments

-AND-

Leaders at R3 believe that enterprise blockchain industry will soon see consolidation.

-ALSO-

Binance says it will launch a cryptocurrency exchange on (almost) every continent.

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CoinDesk editor Stan Higgins joins host Bailey Reutzel to discuss a newly released report from the New York Attorney General’s office following an inquiry into the world's biggest cryptocurrency exchanges.

Recorded September 19, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Another stablecoin?! Yes, believe it or not. This time, it’s a token anchored to the Japanese yen.

-AND-

Kyber Network is adapting the technology beneath its decentralized exchange to allow merchants to accept payments in any ethereum token.

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CoinDesk reporter Leigh Cuen joins host Bailey Reutzel to discuss the use of bitcoin by Palestinians, and the remaining hurdles to cryptocurrency adoption in the Palestinian Territories.

Recorded September 18, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Cloudflare says it's made it easier to access the InterPlanetary File System or IPFS.

-AND-

Bancor partners with EOS for a new cross-chain product.

-ALSO-

A U.S. district court ruled to seize the assets and property of Alexandre Cazes, the deceased Canadian who allegedly was behind the darknet marketplace AlphaBay. Among that property? A 2013 Lamborhini Aventador.

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MIT Media Lab’s Michael Casey joins host Marc Hochstein to discuss the inverse relationship between the price of ether and the value of the Ethereum network.

Recorded September 17, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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IBM and Hacera launch a crypto “yellow pages.”

-AND-

R3’s CordaCon event draws big crowds as rumors swirl about the company’s cash crunch.

-ALSO-

GAW Miners founder Josh Garza has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge.

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CoinDesk’s Rachel Rose O’Leary joins host Marc Hochstein to discuss recent developments on ethereum’s road to becoming scalable.

Recorded September 14, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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FOAM’s decentralized world map is now live.

-AND-

BitGo just launched its own regulated custodian for crypto assets.

-ALSO-

10 years after Lehman: Bitcoin and wall street are closer than ever.

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CoinDesk’s Christine Kim joins host Bailey Reutzel to discuss ethereum's next major upgrade, Constantinople.

Recorded September 13, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A bitcoin mining company called Bitewei is being hailed as a new rival to Bitmain.

-AND-

Yet another stablecoin has been unveiled, this time from blockchain startup Carbon.

-ALSO-

The CEO of OKCoin has been released from police custody after speaking with investigators regarding alleged bitcoin futures manipulation.

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CoinDesk’s Leigh Cuen joins host Stan Higgins to discuss the launch of new crypto wallet Jaxx.

Recorded September 12, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The SEC hits crypto asset fund and “ICO superstore” with penalties in a double whammy.

-AND-

Ethereum developers are hard at work on new ways to fend off ASICs.

-ALSO-

Le crypto is coming for French sports fans in the form of a new cryptocurrency for a major Parisian soccer team.

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CoinDesk’s editor-in-chief Pete Rizzo joins host Marc Hochstein to discuss the week’s biggest news: the combination of Stellar and Chain to form Interstellar.

Recorded September 11, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Interstellar is born. The long-awaited union of Chain and Lightyear.io has delivered a new company.

-AND-

The WeChat crackdown on cryptocurrency-related accounts continues! This week’s victim: mining giant Bitmain.

-ALSO-

More stablecoins! No fewer than two companies announced new crypto tokens pegged to the US dollar.

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CoinDesk’s Brady Dale joins host Bailey Reutzel to discuss new information about BitTorrent’s acquisition by Tron founder Justin Sun.

Recorded September 10, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The era of big ticket ICOs may be over, at least according to some cryptocurrency industry observers.

-AND-

The pioneer of the proof-of-stake consensus system wants to get into… hardware?

-ALSO-

Crypto payments firm Wyre has acquired a smart contract startup originally backed by investor Tim Draper.

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CoinDesk’s Nikhilesh De joins host Marc Hochstein to discuss new developments in the EOS network that may be welcome news for developers.

Recorded September 7, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Officials in China want to use blockchain to track the movements of paroled convicts. Maybe Chinese ICO backers will get to use blockchain after all?

-AND-

IBM is working with a blockchain organization that believes personal data ownership is a human right.

-ALSO-

Twitter CEO Jack Dorsey told Congress this week that the social media platform is looking at blockchain technology for potential fraud prevention.

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CoinDesk researcher Peter Ryan joins host Stan Higgins to discuss the steep market downturn and its potential causes. One mysterious Silk Road-linked wallet has everyone guessing...

Recorded September 6, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Good news out of China? The People’s Bank of China’s digital currency researchers are expanding.

-AND-

Ripio is expanding its crypto-powered loan offering across South America.

-ALSO-

R3’s attempt to take over a “settlement coin” project didn’t quite work out.

-TODAY'S GUEST-

CoinDesk’s Brady Dale joins host Marc Hochstein to discuss a $43 million plan by Civic to boost its user base.

Recorded September 5, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A new paper co-authored by Vitalik Buterin proposes to solve the network’s “free rider” problem.

-AND-

The Australian Securities Exchange (ASX) has pushed back the launch of a blockchain replacement for the decades-old CHESS clearing and settlement system.

-ALSO-

EOS developers are shelling out big bucks to pay for network resources.

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CoinDesk’s Annaliese Milano joins host Bailey Reutzel to discuss new details about BitTorrent’s acquisition by Tron founder Justin Sun, and a competing bid from blockchain project NEO.

Recorded September 4, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Developers move to change the economics of the Ethereum blockchain.

-AND-

Messaging giant LINE launches a live blockchain and plans to issue 1 billion of its own tokens.

-ALSO-

Japanese e-commerce giant Rakuten will buy cryptocurrency exchange Everybody’s Bitcoin, and its plans don’t end there.

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CoinDesk’s Brady Dale joins host Bailey Reutzel to discuss a decision by Coinbase to remove the crypto collectible game War Riders from its iOS app. Do Apple’s rules ban non-fungible tokens?

Recorded August 31, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Ethereum’s biggest test is fast approaching, and an important decision regarding issuance is up in the air.

-AND-

Secret contracts provider Enigma has signed eight partners to test its service at launch.

-ALSO-

Bitcoin mining juggernaut Bitmain is coming to Ethereum, and possibly other blockchains.

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CoinDesk researcher Peter Ryan joins host Nikhilesh De to discuss forks, airdrops, and the five possible forks heading for Bitcoin Cash.

Recorded August 30, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Binance backs $32 million funding for a new stablecoin from the creator of a billion-dollar Korean online commerce site.

-AND-

After the acquisition of BitTorrent, Tron’s founder Justin Sun also acquired a share in the Chia Network, a new protocol developed by a BitTorrent co-founder.

-ALSO-

Hong Kong is tweaking its immigration policies to attract blockchain professionals from all over the world.

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CoinDesk’s Anna Baydakoba joins host Stan Higgins to discuss how the Russian capital of Moscow is using blockchain to improve public services.

Recorded August 29, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Lloyd's of London, the centuries-old insurance marketplace, is quietly providing cover against the theft of cryptocurrencies.

-AND-

China is encouraging its citizens to report illegal token sales.

-ALSO-

Crypto exchange Huobi wants to buy a public company.

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CoinDesk researcher Peter Ryan joins host Nikhilesh De to discuss Bitcoin’s changing fees and what it means for the future of the cryptocurrency.

Recorded August 28, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A blockchain project spearheaded by NEX Group is facing questions over its future.

-AND-

One of the biggest airlines in Russia has piloted a blockchain system for collecting data on plane refueling.

-ALSO-

Chinese search giant Baidu moves to censor some of the crypto discussions taking place on its Reddit-like platform.

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CoinDesk’s David Floyd joins host Stan Higgins to discuss EOS’s long-promised voting system, which could determine the fate of an account worth $35 million.

Recorded August 27, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A feud between Bitcoin Cash’s developers could split the year-old cryptocurrency in two.

-AND-

Mt Gox’s former creditors can now submit proof of their claims in a newly-approved rehabilitation process. No word on whether they’ll get their Thicket Basilisk back, though.

-ALSO-

Ethereum must tackle challenging questions before an October upgrade, but an important phone call earlier today failed to produce any immediate results.

-DON’T MISS-

CoinDesk’s Brady Dale joins host Nikhilesh De to discuss the practice of crypto startups burning their coins.

Recorded August 24, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The Securities and Exchange Commission has issued rejections to nine bitcoin exchange-traded fund (ETFs) proposals.

-AND-

Crypto startups are destroying millions of their own token supply to generate value for investors.

-ALSO-

A Chinese regulatory agency may block access to more than 100 overseas crypto trading platforms.

-DON’T MISS-

CoinDesk research analyst Peter Ryan joins host Stan Higgins to discuss new discoveries on the state of litecoin.

Recorded August 23, 2018 in New York, NY.

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The central bank in Thailand said it will launch its own digital currency by next year.

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New rules imposed by the Chinese government have led to a crackdown on blockchain and cryptocurrency media accounts on WeChat.

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CoinDesk reporter David Floyd joins host Stan Higgins to discuss a collectible playing card that sold for more than $60,000. The twist? It’s a crypto card, from a game that hasn’t even launched yet.

Recorded August 22, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Two investing giants say they’re not involved in pre-IPO funding for Bitmain, despite reports to the contrary.

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Proposed changes to the $200 million Siacoin blockchain would ice out Bitmain’s mining rigs, but concerns around the changes are growing.

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After being acquired by Tron founder Justin Sun, several employees at BitTorrent have left.

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CoinDesk researcher Peter Ryan joins host Nikhilesh De to discuss the difference between transactions and payments.

Recorded August 21, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A U.S. bitcoin trader has been indicted for alleged money laundering

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The SEC is going to decide the fate of yet another bitcoin ETF this week.

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Lightning Network is getting its own hacker camp.

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CoinDesk reporter Brady Dale joins host Stan Higgins to discuss the strangest collectible tokens you could imagine.

Recorded August 20, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Accusations of a cloned app mean that Ethereum’s gambling problem is only getting worse.

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Coinbase wins a patent for a secure bitcoin payments system.

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Chinese e-commerce giant JD.com rolls out blockchain platform with its first app.

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CoinDesk market analyst Sam Ouimet joins host Stan Higgins to discuss the uncanny correlation between the price of Overstock’s stock and the price of bitcoin.

Recorded August 17, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Ripple gives its blessing to a set of crypto exchanges for its xRapid service.

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Airbnb Co-Founder Backs $22 Million in Funding for Crypto Dealer SFOX.

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A newly-disclosed vulnerability in Intel chips could have far-reaching effects on cryptocurrency security.

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CoinDesk researcher Adam Hart joins host Stan Higgins to discuss investments in blockchain and cryptocurrency education being made by American universities and institutions.

Recorded August 16, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The code for an anonymous Lightning Network is now live.

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Bitcoin’s Taproot privacy tech is ready – but there’s a big catch.

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Prime Trust enters the cryptocurrency custody race and says it will hold ‘any’ Ether.

CoinDesk’s Nikhilesh De joins host Stan Higgins to discuss a $10 million token venture fund from messaging giant LINE.

Recorded August 15 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The AirSwap decentralized exchange is upgrading its tech to handle any-size Ethereum trades.

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You can now get paid for using bitcoin’s Lightning Network, but don’t quit your day job.

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Coders are making new efforts to fork mining giant Bitmain off the Siacoin blockchain.

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CoinDesk researcher Peter Ryan joins host Bailey Reutzel to discuss how bitcoin has maintained dominance in the recent down market.

Recorded August 14 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A Russian team with big aspirations plans to build a cargo drone fleet connected via blockchain.

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Long-term thinking? In a rare move, ICO founders will delay crypto paydays for a decade.

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CoinDesk’s Leigh Cuen joins host Nikhilesh De to discuss the Turkish fiat crisis and a recent spike in trading volume on Turkish cryptocurrency exchanges.

Recorded August 13, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Micropayment applications are taking off on bitcoin's Lightning Network.

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Facebook’s David Marcus is stepping down from the Coinbase board of directors.

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CoinDesk’s David Floyd joins host Bailey Reutzel to discuss the upcoming forks of what was one of the most highly anticipated ICO projects of all time – EOS.

Recorded August 10, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The SEC will decide on 9 proposals in the coming months, not counting the one they just delayed.

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IBM and Maersk have 94 companies signed up to their supply chain platform.

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CoinDesk’s Brady Dale joins host Marc Hochstein to discuss the latest developments in Tezos. Just one year ago, the blockchain was held up as the prime example of ICO gluttony. But today, things appear to be going a bit smoother.

Recorded August 9, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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State Street is looking to adopt blockchain technology for securities lending – that's if internally they can all get on the same page.

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The SEC’s Bitcoin ETF decision has been postponed until September.

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CoinDesk’s David Floyd joins host Bailey Reutzel to discuss the precipitous drop in users on Augur. The much-anticipated decentralized predictions market is seeing as little as 24 users per day following an impressive launch. Where is everybody?

Recorded August 8, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A 17th century principle is finding use in 21st century tech. We’ll talk about blockchain insurance.

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Another U.S. state will start to recognize blockchain data. Rock and roll!

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CoinDesk’s Christine Kim joins host Stan Higgins to discuss a proposed bitcoin ETF from investment management firm VanEck that’s put all eyes on the SEC. Again.

Recorded August 7, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Digital Asset is ready to spread wings and fly — the startup’s CEO Blythe Masters tells CoinDesk about the project’s new ambitions.

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Economist and investor Tuur Demeester doesn’t expect bitcoin to soar in 2018.

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CoinDesk’s Annaliese Milano joins host Pete Rizzo to discuss smartdrops, a potentially better method to distribute tokens that’s gaining steam.

Recorded August 6, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The New York Stock Exchange’s parent company plans to launch a digital assets platform and a bitcoin futures product.

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Setting sun? It turns out that US dollars are dominating the bitcoin trading, not Japanese yen.

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A group of Mt Gox’s creditors are ready to claim for bitcoin and bitcoin cash repayments.

Recorded August 3, 2018 in New Paltz, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A company previously only known for a crazy party with palm readings and something called “moon oil mining” has finally been formally revealed… and they’re trying to rebuild the internet. We'll look at Handshake.

-AND-

Should have stayed with the iced tea! The company formerly known as Long Island Iced Tea – now Long Blockchain – has been subpoenaed by the U.S. Securities and Exchange Commission.

-ALSO-

A new bitcoin mining calculator aims to tell the ‘truth' about profitability. We’ll look at the new product from RandomCrypto.

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CoinDesk’s Peter Ryan joins host Bailey Reutzel to discuss key performance indicators of BCH vs. BTC.

Recorded August 2, 2018 in New Paltz, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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A newly released transcript shines a light on a heated debate over crypto happening inside the SEC.

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Bitcoin cash celebrated its first birthday yesterday. Long the subject of criticism, BCH is said to have seen an influx of new projects, including social media and tipping methods, taking advantage of its blockchain.

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CoinDesk’s Stan Higgins joins host Marc Hochstein to discuss SEC Commissioner Hester Peirce – aka Crypto Mom – and her dissent from a recent decision rejecting a bitcoin-tied exchange-traded fund backed by Cameron and Tyler Winklevoss.

Recorded August 1, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Spanish bank giant BBVA can't hold crypto – and that's a problem.

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The NFL is the latest sports league to enter the world of crypto as the players union announced a deal with a blockchain startup.

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Martti 'Sirius' Malmi, also known as the first coder to work alongside bitcoin's pseudonymous creator, Satoshi Nakamoto, is launching a new cryptocurrency with ambitious goals.


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CoinDesk’s Sam Ouimet joins host Stan Higgins to discuss BTC's price drop.

Recorded July 31, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The first major app on Blockstack, launched today, is promising to disrupt future models of employment, bringing it more in line with a decentralized ethos.

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A blockchain “app store,” backed by IBM, aims to help connect banks and fintech and software vendors.

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A public blockchain project has raised over $20 million from institutional investors in a combined token and equity sale.

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Speaking of institutional investors, CoinDesk’s Adam Hart joins host Pete Rizzo to discuss the quarterly State of Blockchain report. Hart’s finding suggest that large institutions may be betting against retail investors on the Bitcoin futures market.

Recorded July 30 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The U.S. Securities and Exchange Commission rejects a request from the Winklevoss twins for a Bitcoin ETF… again.

-AND-

Are Know-Your-Customer regulations a scam? At least one CEO thinks so.

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Hope your burner phone has a camera! This crypto wallet is replacing private keys with encrypted QR codes.

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CoinDesk’s Peter Ryan joins host Bailey Reutzel to discuss the surprising results of a new survey looking at the political leanings of the crypto community.

Recorded July 27 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Bitcoin engineer Jameson Lopp reflects on an incident last year that saw armed police descend on his home.

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Bitcoin’s cutting-edge ‘Coin Selection’ tech gets its first major integration.

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Decentralized exchange Waves scored a $6 million debut. But trouble wasn’t far behind.

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CoinDesk’s Nolan Bauerle joins host Marc Hochstein to discuss new insights into quarterly cryptocurrency project funding.

Recorded July 26 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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The first Augur assassination markets have arrived.

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What scams? Ethereum’s vision for decentralized apps is only growing bolder.

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Bitcoin's price is nearing $10K on a single, troubled exchange. CoinDesk’s Anna Baydakova joins Editor-in-Chief Pete Rizzo to discuss the mysteries around WEX.

Recorded July 25, 2018 in New York, NY.

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Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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Coming July 25! CoinDesk is thrilled to announce the launch of Late Confirmation, a daily podcast looking at the top stories in the blockchain world. We’ll be breaking down crypto's biggest stories about markets, technology, currencies, or anything else with CoinDesk reporters and figuring out what it all means. Don't miss out. Subscribe today!

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