Prominent among the casualties of FTX’s collapse is Genesis Global Capital, a lending arm of crypto empire Digital Currency Group. And, when Genesis halted redemptions in November, one of its victims was Gemini's Earn program. Recent reports by the Financial Times and CoinDesk reveal how much money Gemini other customers are trying to recover from Genesis. At the top of today’s Real Vision Crypto Daily Briefing, Nico Brugge and Ash Bennington discuss what we know about the scale of the problem s...
Dec 05, 2022•45 min
Tether is discovering that, once asked, questions about its financial position will persist. Yesterday, the Wall Street Journal reported that the largest stablecoin by market capitalization is “lending its own coins to customers rather than selling them for hard currency upfront.” Tether denies this characterization of its lending practices. At the top of today’s Real Vision Crypto Daily Briefing, Jeremy Varlow and Ash Bennington discuss the validity of the WSJ’s report. Later, Jeremy and Ash we...
Dec 02, 2022•49 min
It was a long-booked interview barely anyone believed would actually happen. But Sam Bankman-Fried, the disgraced founder and former CEO of bankrupt crypto exchange FTX, did show up via remote video for The New York Times’ DealBook Summit. And he did sit for questioning by Andrew Ross Sorkin. Elaine Ly and Santiago Velez, a co-founder and the R&D Division Lead at Block Digital, talk about what did and what did not come out of the conversation at the top of today’s Real Vision Crypto Daily Br...
Dec 01, 2022•47 min
After an abundance of bankruptcies, multiple market crashes, proliferating scams, and a lot of plain old bad news, you’d be forgiven for feeling a little despondent about crypto right now. So we're happy to share some good stuff at the top of today’s Real Vision Crypto Daily Briefing: Paul Guerra and Elaine Ly talk about Brazil legalizing crypto payments, Binance entering Japan, and Animoca Brands earmarking huge investment in the metaverse. Later, Ethereum Name Service co-founder and lead devel...
Nov 30, 2022•51 min
Just hours after filing for Chapter 11 bankruptcy protection, crypto lender BlockFi fired off another court motion, this time aimed at Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX. BlockFi alleges SBF pledged shares of trading company Robinhood as collateral on BlockFi and now wants to seize the stock. On this edition of Real Vision Crypto Daily Briefing, Nico Brugge and Elaine Ly discuss this latest development as the tangled web of FTX links becomes a little clearer with ...
Nov 29, 2022•39 min
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection in the U.S., becoming the latest company to collapse due to an FTX shockwave that shows little sign of abating. Digital financial services company BitGo has been chosen by FTX as the custodian of the bankrupt crypto exchange's remaining assets. And BitGo CEO Mike Belshe joins Jeremy Varlow and Moritz Seibert for today’s Crypto Daily Briefing to talk about his company’s role in the process of identifying, gathering, and securing...
Nov 28, 2022•1 hr 1 min
Revealing that a “substantial amount” of the collapsed crypto exchange’s assets are either missing or stolen, attorney for new management James Bromley also described FTX as the “personal fiefdom” of co-founder and former CEO Sam Bankman-Fried during the first U.S. bankruptcy court hearing on the matter on Tuesday. Marco Olivera and Ash Bennington welcome Mike Alfred, a value investor and the managing partner at Alpine Fox, and Sam Kessler, a reporter for CoinDesk, to talk about the latest devel...
Nov 23, 2022•1 hr 3 min
Bitcoin fell to $15,600 on Monday evening as mainstream media outlets honed in on Genesis, the digital-assets brokerage arm of the Digital Currency Group conglomerate. Bloomberg is reporting that Genesis has been seeking $1 billion in emergency funding following the collapse of crypto exchange FTX. Wall Street Journal sources say the brokerage approached Binance and private equity giant Apollo Global Management for the cash and was rejected by the former. Santiago Velez, co-founder and R&D D...
Nov 22, 2022•42 min
That $600 million or so stolen shortly after collapsed crypto exchange FTX filed for bankruptcy just over a week ago has since been converted into enough Ether to make the exploiter one of the largest holders of that coin. Now, those funds are on the move again, their conversion into other coins raising fresh questions about the perpetrator(s). We address them at the top of today’s Real Vision Crypto Daily Briefing. Elaine Ly and Ash Bennington welcome Genevieve Roch-Decter, the CEO of Grit Capi...
Nov 21, 2022•50 min
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," writes John Ray, the new CEO of bankrupt crypto exchange FTX, in a court filing. With 40 years of experience cleaning up bankrupt companies, including Enron, Ray knows what he’s talking about. Jeremy Varlow and Ash Bennington take up the increasingly fetid picture of Sam Bankman-Fried’s monstrosity with the CEO of crypto exchange Bitsta...
Nov 18, 2022•46 min
Alpha Centauri Kid (ACK) is one of the most respected artists in the NFT world. In this special episode, ACK reveals to guest host Sergio Silva the muse for his upcoming show at Christie’s auction house. He also explains his move from digital to physical art for this collection, noting its parallels to Andy Warhol’s work. ACK and Sergio also explore the past and future of NFTs, identify the artists shaping the space, and share advice for those who want to make a living through self-expression. N...
Nov 18, 2022•47 min
The Block is reporting that U.S. federal lawmakers want to question Sam Bankman-Fried, the founder and former CEO of FTX, about the bankrupt crypto exchange’s collapse. They’d also like to hear from Binance founder and CEO Changpeng Zhao about his company’s role in FTX’s demise. Also, Binance is said to be preparing to acquire the assets of bankrupt crypto lender Voyager Digital that FTX had won at auction, and centralized exchange Gemini is experiencing elevated withdrawals. Nico Brugge and Ash...
Nov 17, 2022•48 min
At the top of today’s Web3 Wednesday, we’re joined by Zeneca, the founder and CEO of Zen Academy and a seed investor in Blur Marketplace. We talk about NFT education for beginners and best practices for navigating Web3. Later, former San Antonio Spurs star Tony Parker and the Club dVIN team drop in to discuss the tokenization of wine. Follow @realvision on Twitter and come learn with us every Wednesday at 12:30 p.m. ET. Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Nov 16, 2022•2 hr 25 min
The Wall Street Journal is reporting that BlockFi is preparing for a potential bankruptcy filing after the crypto lender halted withdrawals from its platform last week because of significant exposure to FTX. Jeremy Varlow and Ash Bennington welcome Laura Shin, host of the Unchained podcast, and Chris Sullivan, the CEO of Hyperion Decimus, to talk about the still-spreading contagion from the collapsed crypto exchange and another WSJ report that Sam Bankman-Fried is trying to raise fresh capital… ...
Nov 16, 2022•44 min
It’s been a wild week or so for crypto and macro investors alike. The FTX fiasco has clouded the future of DeFi and NFTs, the broader economic landscape continues to shift, and the Federal Reserve’s monetary path colors everything. It’s all on the table for another Ask Me Anything session with Real Vision co-founder and CEO Raoul Pal. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Nov 16, 2022•1 hr 7 min
CoinDesk is reporting that blockchain data show that at least some of the estimated $600 million in funds stolen during Friday’s hack of bankrupt crypto exchange FTX had been transferred to a single address earlier today. This is just one of many developments related to a collapse that continues to shake the crypto industry. Paul Guerra and Ash Bennington welcome Jeff Dorman, the chief investment officer at Arca, and Alex Kruger, the founder of Krugermacro, to today’s Real Vision Crypto Daily Br...
Nov 15, 2022•50 min
"FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on FTX site as it might download Trojans." That message from an FTX administrator was pinned on its official Telegram channel by FTX General Counsel Ryne Miller on Friday, mere hours after the crypto exchange filed for Chapter 11 bankruptcy protection. CoinDesk initially reported “mysterious outflows exceeding $600 million.” CNN says it was just $473 million, the New York Times $515 million. Early on Monday, Binance ...
Nov 14, 2022•46 min
Twenty-four hours is an eternity in the crypto world. Since yesterday's Real Vision Crypto Daily Briefing, Binance announced it would not go ahead with an acquisition of its beleaguered competitor FTX. Despair kicked in, and crypto prices plummeted on the news. But it’s a new day, and TRON founder Justin Sun has risen to say he’s working on an unspecified "solution" to restore "normalcy for all FTX users." Decrypt editor-in-chief Dan Roberts and Ishan Bhaidani of the DeFi Roast newsletter join J...
Nov 10, 2022•58 min
On this week's episode of Web3 Wednesday, we welcome @KookCapitalLLC for a conversation about the state of the market and the longer-term implications of Binance’s fire-sale acquisition of FTX for the entire crypto ecosystem. We also assess Solana’s NFTs and Web3’s general trajectory amid a turbulent time for creators, investors, and early adopters. Follow @realvision on Twitter and come learn with us every Wednesday at 12:30 p.m. ET. Learn more about your ad choices. Visit podcastchoices.com/ad...
Nov 09, 2022•1 hr 24 min
It's only been 24 hours since the Binance-is-buying-FTX bombshell dropped, but there’s already a lot to unpack and analyze – notably, that “is” is doing a lot of work, as CZ’s agreement to rescue SBF is, in legal terms, a “non-binding” letter of intent. Jim Bianco, the founder and president of Bianco Research, and Alex Valaitils, the founder of W3T and Web3 Pills newsletter, join Marco Olivera and Elaine Ly to talk about the ripple effects of this seismic event, including the many variables that...
Nov 09, 2022•47 min
It’s been an incredibly eventful day in the crypto market: Binance, the world’s largest crypto exchange by volume, has agreed to buy its top competitor, FTX. How in the world did this happen? Ash Bennington breaks it all down with WendyO.eth and Jim Bianco on a jam-packed edition of RV Twitter Spaces. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Nov 08, 2022•1 hr 15 min
“We have come to an agreement on a strategic transaction with Binance for FTX.com ,” tweeted FTX CEO Sam Bankman-Fried at 11:03 a.m. ET, thus containing what threatened to be the crypto industry’s greatest meltdown. That agreement, however, means Binance will acquire FTX and “help cover the liquidity crunch,” as CZ put it in his tweet announcing the ceasefire. As the dust settles, Ash Bennington and Marco Olivera welcome Jack Niewold, the founder of the Crypto Pragmatist newsletter, to talk abou...
Nov 08, 2022•1 hr 10 min
When it comes to crypto, this battle is as heavy as it gets. Last week's CoinDesk report that questioned the financial health of Alameda Research, the trading arm of FTX CEO Sam Bankman-Fried's crypto empire, prompted Binance CEO Changpeng Zhao to announce the exchange will sell its entire holdings of FTX's native token, FTT. And now we’ve seen a cycle of thinly veiled, passive-aggressive tweets between SBF and CZ, as the FTX boss attempts to ease concerns about the health of his companies. At t...
Nov 07, 2022•34 min
In this special episode, Raoul Pal joins Sean Kim of the Growth Minds podcast to share some of the best career advice he’s ever received and to explain how to make more money by being contrarian. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Nov 05, 2022•1 hr 3 min
Coinbase's third-quarter earnings missed the mark, as crypto winter continues to take its toll. At the top of today's Real Vision Crypto Daily Briefing, Ash Bennington and Moritz Seibert examine the numbers in the company's shareholder letter and assess management's forecast for macro and crypto headwinds into next year. Also up for discussion are Datanomy, a new digital asset classification system developed by Goldman Sachs, MSCI, and Coin Metrics, and the chaos surrounding Gala Games after its...
Nov 04, 2022•43 min
Blockchain.com co-founder and CEO Peter Smith has been around the crypto space longer than just about anyone. He’s both a survivor and a true pioneer, having built a platform with tens of millions of verified wallets spread across the world. In this panoramic episode, Peter shares his broad and deep story: how he got here, why he’s so passionate about crypto, and what drives his vision of global financial inclusion. Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Nov 04, 2022•1 hr
On this week's episode of Web3 Wednesday, we wade into the Art Gobbler craze, including the question of influencer ethics and the importance of disclosure. We also explore regulation in the crypto space, and we discuss big news about CryptoPunks and Web3's role in the upcoming FIFA World Cup. Follow @realvision on Twitter and come learn with us every Wednesday at 12:30 p.m. ET. Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Nov 03, 2022•1 hr
Onyx by J.P. Morgan announced it carried out its first trade on the public blockchain, a “live cross-currency transaction” executed in cooperation with the Monetary Authority of Singapore. At the top of today’s Real Vision Crypto Daily Briefing, Paul Guerra and Marco Olivera assess the significance of the move – perhaps the first time a major bank has tokenized deposits on a public blockchain. Paul and Marco also discuss what impact Meta enabling U.S. users to mint and trade NFTs will have on th...
Nov 03, 2022•43 min
Mike Novogratz's Galaxy Digital, one of the key players in the crypto space, is reportedly contemplating cutting as much as 20% of its staff as crypto winter’s chill continues to bite. At the top of today's Real Vision Crypto Daily Briefing, Marco Olivera and Moritz Seibert discuss a new wave of layoffs that includes crypto exchange BitMEX and venture capital firm Digital Currency Group. Marco and Moritz also talk about Elon Musk's plan to charge a fee for Twitter verification and another hack t...
Nov 02, 2022•43 min
In a surprise move last night, Coinbase announced it would be filing an amicus brief to join Ripple Labs, the company behind XRP, in its lawsuit against the U.S. Securities and Exchange Commission. It’s a big swing from one of the world’s largest exchanges, and it could have serious ripple effects (pun intended) across the industry. Elaine Ly and Ash Bennington dig into the XRP-and-Coinbase news at the top of today’s show. Then, Elaine and Ash turn their attention to another surprising story abo...
Nov 01, 2022•36 min
