In a crisis, there are always winners and losers. So, who are some of the players who might emerge stronger from the latest calamity to hit the cryptoverse? And will the fallout rekindle the tense debate over centralized entities versus decentralized protocols? Bloomberg reporter Sidhartha Shukla joins Bloomberg managing editor of crypto Stacy-Marie Ishmael to discuss this and more in our latest episode. See omnystudio.com/listener for privacy information....
Nov 21, 2022•18 min
Listen to the fourth audio excerpt from a special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voiced by Bloomberg Businessweek editor Mark Leydorf. See https://omnystudio.com/policies/listener for privacy information. See omnystudio.com/listener for privacy information....
Nov 20, 2022•1 hr
Our colleagues on QuickTake, Tim Stenovec and Katie Greifeld , host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode. Enjoy! Find the full video experience of the shows here. See omnystudio.com/listener for privacy information....
Nov 19, 2022•26 min
It’s been another unprecedented week in the crypto ecosystem. Fast moving information and news about digital assets has kept coming as the market struggles with the repercussions of FTX declaring bankruptcy and the resignation of former CEO Sam Bankman-Fried. Events continue to unfold at lightning speed with great consequences for so many investors. Bloomberg crypto senior editor Philip Lagerkranser and Bloomberg senior crypto editor for Asia, Sunil Jagtiani join the show to discuss the latest. ...
Nov 18, 2022•19 min
This week on the podcast, we’ve attempted to unpack the spectacular downfall of one of the biggest crypto exchanges and how it has possibly changed the sector forever. A month ago, if someone would have told us that crypto exchange FTX was potentially mismanaging customer funds, funneling money into its sister trading firm Alameda Research, and would soon weigh on the crypto industry, we wouldn't have believed them. As more details about its general finances emerge, we're starting to better unde...
Nov 17, 2022•32 min
Around this time last year, the very first Bitcoin-linked exchange-traded fund debuted - the ProShares Bitcoin ETF, which trades under the ticker BITO. The launch marked a milestone for the digital-asset industry: It opened up the opportunity for more mainstream investors to dip their toes into cryptocurrencies. The ETF had a stellar start: it was the second-most heavily traded fund on record, and it gathered more than $1 billion in assets in record time. Back then, Bitcoin was trading at around...
Nov 16, 2022•14 min
The crypto industry descended into chaos last week after a series of fast moving events. The trouble purportedly started after Binance CEO Changpeng Zhao tweeted that the crypto exchange would sell off some of rival exchange FTX’s native token, FTT, due to ‘risk management’ issues. That drove the price of FTT down and fueled a selloff. Soon after, FTX was forced to halt withdrawals from the exchange. CEO Sam Bankman-Fried -- or SBF as he’s known -- started shopping around for a bailout. Then Ban...
Nov 15, 2022•20 min
It’s a day ending in Y, which means we’re going to talk about crypto hacks. Yes, these are all too common - in October alone, hacks, attacks and clever exploits (more about those in a second) cost the crypto industry an estimated $700 million. Now when we talk about hacks, you might (correctly) picture sophisticated state-sponsored groups like North Korea’s Lazarus, or more run-of-the-mill attacks on Twitter or Instagram. But there's another kind of exploit that’s really raising eyebrows in cryp...
Nov 14, 2022•19 min
Listen to the third audio excerpt from this week's special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voice by Bloomberg Businessweek editor Mark Leydorf. See https://omnystudio.com/policies/listener for privacy information. See omnystudio.com/listener for privacy information....
Nov 13, 2022•39 min
Our colleagues on QuickTake, Tim Stenovec and Katie Greifeld , host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode. Enjoy! Find the full video experience of the shows here. See omnystudio.com/listener for privacy information....
Nov 12, 2022•26 min
The equivalent of an earthquake jolted the crypto world this week: Binance, the world’s largest cryptocurrency exchange, announced and then quickly reversed a proposal to buy out rival exchange FTX, which was reportedly facing a liquidity crisis and on the brink of collapse. The companies are each owned by two of the most well known CEOs in crypto: Sam Bankman-Fried at FTX, who has been touted as crypto’s version of legendary banker J.P. Morgan, and Binance CEO Changpeng Zhao, known as “CZ.” Mea...
Nov 11, 2022•14 min
One of the core fundamentals that personifies the Bloomberg newsroom is its commitment to data. As part of that commitment, the Markets Live team does a weekly investor survey, asking questions about different elements of financial markets. It’s called the MLIV Pulse Survey - because it’s the Markets Live team taking the pulse of financial markets. In October, the team asked investors for their opinions about crypto. On this episode, Bloomberg senior editor Kasia Klimasinska with the Markets Liv...
Nov 10, 2022•17 min
Evangelists of web3 - a term popularized by venture capitalist Chris Dixon - will often say that a big goal of the whole thing is giving more power to creators, and especially monetary power. Web3, these proponents say, allows artists, musicians, and creators of all stripes to cut out middlemen and intermediaries and to retain more of the financial benefits of their work. In other words, why pay a platform or an agent when you can keep all your royalties yourself? That’s where things get complic...
Nov 09, 2022•20 min
One of the bigger fights in crypto right now is over the definition of a security - what counts as a security, and who gets to decide - and therefore regulate - that. This isn’t just about semantics: the answer to that question affects trillions of dollars of assets in the United States, including crypto assets. In December 2020, the SEC accused Ripple Labs, issuers of the Ripple token, of having conducted “an unregistered, ongoing digital asset securities offering that raised $1.3bn. Nearly two...
Nov 08, 2022•20 min
Given how the crypto industry feels about fast cars and men with big personalities, it’s perhaps no surprise that crypto is emerging as one of the biggest sponsors of Formula 1. Formula One racing is marketed as being all about competition that rewards instinct, speed, engineering innovation, and sheer adrenaline. Companies ranging from FTX to Crypto.com have spent millions of dollars on flashy deals. Around 80% of F1 teams have at least one crypto partner. Crypto.com even has a $100 million dea...
Nov 07, 2022•19 min
Listen to the second audio excerpt from this week's special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voice by Bloomberg Businessweek editor Mark Leydorf. See https://omnystudio.com/policies/listener for privacy information. See omnystudio.com/listener for privacy information....
Nov 06, 2022•33 min
Our colleagues on QuickTake, Tim Stenovec and Katie Greifeld , host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode. Enjoy! Find the full video experience of the shows here. See omnystudio.com/listener for privacy information....
Nov 05, 2022•26 min
It’s been another pretty unpredictable week in crypto. Now that Elon Musk is at the helm of Twitter, what do his plans for the social media company have in store for digital assets? Why is Dogecoin rallying? And what’s the outlook for crypto earnings this quarter? Bloomberg crypto senior editor Dave Liedtka and deputy editor Beth Williams join this episode for a look at the top stories of the week in the cryptoverse. See omnystudio.com/listener for privacy information....
Nov 04, 2022•18 min
As our colleague David Pan has been reporting, Bitcoin miners have been having a very rough time of it. To paraphrase one of his recent stories, falling Bitcoin prices and rising energy costs “led to combined second-quarter losses of more than $1 billion for the top three US publicly traded players — Core Scientific, Marathon Digital and Riot Blockchain.” Yikes. This crunch has led to miners trying to raise cash by selling off their emergency stockpiles of Bitcoin - into the teeth of a down mark...
Nov 03, 2022•17 min
Crypto is notorious for its volatility. All its wild swings in prices have become a trademark of the market. And it’s also something that has for years now shaped the trading behaviors of investors looking to make a quick profit. But what happens when the market’s largest digital asset , Bitcoin, starts losing its volatility? For the last four months, the coin has traded in a tight range around $20,000 , unable to break out in any real way. How have crypto investors– who are used to trading on t...
Nov 02, 2022•18 min
About a year ago, Nigeria introduced a digital version of its official currency, the naira. The introduction of the so-called e-naira was partly a response to concerns that the rising popularity of crypto in the country was threatening the banking system. There are a few countries experimenting with their own versions of digital money, including the Central African Republic, China, Jamaica, The Bahamas, and various islands in the Eastern Caribbean. Other countries, including the United States, a...
Nov 01, 2022•17 min
You’ve likely heard of Bitcoin and Ether as digital tokens, but there’s actually tens of thousands of cryptocurrencies you probably haven’t heard of. In fact over 12,000 of those coins are virtually defunct. Not that they’re ‘dead’ per say- but they’re also not considered ‘alive’ or active. They’re called ‘zombie’ coins: tokens that have stopped trading activity as of late and are simply dormant. These zombified coins are not a new phenomenon, but the substantial increase in their volume (from t...
Oct 31, 2022•19 min
Listen to the first audio excerpt from this week's special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it all means, and why it matters. This episode is voiced by Bloomberg Businessweek Editor Mark Leydorf. See omnystudio.com/listener for privacy information....
Oct 30, 2022•26 min
Our colleagues on QuickTake, Tim Stenocec and Katie Greifeld, host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode. Enjoy! Find the full video experience of the shows here. See omnystudio.com/listener for privacy information.
Oct 29, 2022•27 min
This week in crypto, we are settling in to crypto's new norms: like bitcoin now being range-bound: trading steadily between $19k-$20k. And we are still waiting to see if the so-called ‘Uptober’ will shake out. But, hey, trading is still happening…and the SEC’s uptick in regulation efforts are being viewed as a boon to investors. According to the latest MLIV Pulse survey , would-be Crypto investors are cautiously optimistic about having more crypto guardrails on the way. Also, Apple updated its l...
Oct 28, 2022•19 min
Let’s say you’re a crypto startup trying to raise money from venture capitalists. All things being equal, you’d have done decently well in 2020, ridiculously well in 2021, and not bad at all in the first half of 2022. But right now? Maybe not so much. Bloomberg reporter Hannah Miller joins this episode to discuss what’s happening with crypto VCs and the startups who need them. See omnystudio.com/listener for privacy information....
Oct 27, 2022•16 min
Ethereum’s Merge has created a new class of blockchain participants, called ‘builders.' It's a significant shift in the current decentralized ecosystem. There are a relatively small number of these builders, but they have a significant amount of power on the blockchain. What exactly do these builders do? Why are critics so concerned? Joining this episode to discuss are Bloomberg Crypto reporters Olga Kharif and David Pan. See omnystudio.com/listener for privacy information....
Oct 26, 2022•16 min
Some of you may already know the work and writing of Bloomberg Opinion columnist Matt Levine . For everyone else — well you’re in for a treat. Matt’s just published many thousands of words on the subject of crypto for a special issue of Bloomberg Businessweek. It lives HERE. He joins this episode to talk about what motivated him to do such an intensive dive into the blockchain, why he thinks of crypto as a “living laboratory” for innovation, and what prompted him to start at the very beginning, ...
Oct 25, 2022•20 min
September is traditionally a bad month for crypto - a down month for the past five years. But for Bitcoin proponents, October might hold something a bit more hopeful. The month of pumpkins and Halloween has typically been one of the best months for Bitcoin price gains. Advocates are crossing their fingers that the same thing will happen this year, especially as Bitcoin’s total market share has risen to 48% , its highest since 2017. To better understand what lies ahead for BTC, Bloomberg reporter...
Oct 24, 2022•17 min
Our colleagues on QuickTake, Tim Stenovec and Katie Greifeld, host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode. For the full experience, find them on the web here. See omnystudio.com/listener for privacy information.
Oct 22, 2022•26 min
