Cryptocurrency

Listen to the latest financial news, audio updates, rates and market movements for Bitcoin, Ethereum, Ripple, Litecoin, Dogecoin, Binance and other crypto and digital coin virtual currencies and exchanges, aired on leading talk radio shows and premium podcasts.

Why the Crypto Contagion of 2022 Eventually Hit Genesis

Unchained

01:53 min | 8 hrs ago

Why the Crypto Contagion of 2022 Eventually Hit Genesis

"Let's just start with where we're at at the time of this recording, which is that the collapse of FTX and Alameda may be knocking over another domino or two. Namely, probably at this point, the crypto lender genesis. At the time of recording, it has not filed bankruptcy, and I'll just add the word yet. And in fact, The Wall Street Journal quotes a genesis spokesperson is saying our goal is to resolve the current situation consensually without the need for any bankruptcy filing. Genesis continues to have constructive conversations with creditors. So additionally, The Wall Street Journal reported that genesis had reached out to binance which declined and to private equity giant Apollo for either investment or to bid on their loan book. Okay, so knowing that this episode will come out next week. What do you think is most likely to happen with genesis and also to its parent company DCG? If you don't want to make a projection, maybe just talk about how you're thinking about contagion and crypto lending in general. Who wants to start? I'm going to just volunteer Michael. Okay. Michael. Good luck. Predicting one plus week into the future in this current market environment. Oh gosh. Well, I think it's interesting that we've seen complete silence on the DCG side. I think that the thing that we saw that was different with Alameda was Sam was actively tweeting. It was kind of crazy how actively used tweeting. And so I think when I think of what you should look for, it's who's not saying anything. And I've asked my friend to possibly be working on the financing what's going on. And the people who are working on it are dead silent. You can see their telegram. They haven't responded with it. They've been telegram in two days. That means they're all night working. So there's something going on in the background that there are. There is some type of financing trying to be done. It would take a traditional finance lender to step in here.

Genesis The Wall Street Journal Alameda Apollo Michael SAM
We May See a Slow Grind Into Christmas

The Trader Cobb Crypto Podcast

02:07 min | 13 hrs ago

We May See a Slow Grind Into Christmas

"There has been a number of these relatively slow days over the last couple of weeks. And today is yet another with the entire days trading range being that of, let me tell you. 1.2%. That's how much it has moved since the market opened very, very, very slow day, indeed. And look, in all honesty, we may see a real slow grind into Christmas. So look, in saying that, I mean, I only talking about what I'm seeing on the charts right now. What I'm seeing on the charts right now is a market in a consolidation. We've got some support down around roughly speaking, 15,467. I know that's not very roughly, but that's the region that I'm looking at. We've got two tests of support at the year's lows. That is the years lows of 2022. The current lows in this bear market. And what I'm seeing is not a great deal of enthusiasm to the long side or the short side at the moment, yesterday Bitcoin closed down 1.27%. And that represented a pretty decent move considering the day before closed down .17. .36 is over before that, the day before, that .46 and the day before that was .03%. So to give you some perspective since the 24th of November highs, we have come off to our current position 3%. It's not doing a great deal. Second to that today's candles. On the lower time frames and the best chart to look at really, if you want to see what confusion looks like, is the one hour on Bitcoin. It's really terrible. We had a candle this morning at 3 o'clock this morning that was pretty much the entire what was yesterday's range, but the entire of yesterday's range was 2.43% from high to low or so from low to high. And since then we've just been down. We've been up. There's no simplicity. There's no trend there. So what do we do when the markets get like this? Well, the bottom line is we look for opportunity.

Bitcoin Confusion
Bahamas AG Defends Its Crypto Savvy in Wake of FTX Crash

The Breakdown

01:53 min | 14 hrs ago

Bahamas AG Defends Its Crypto Savvy in Wake of FTX Crash

"To sum up where we left off, the last non interview show was Saturday November 19th. At that point, we had discussed how the $420 million meme raise went directly into Sam's pockets, how Sam's white collar crime lawyers had fired him as a client, how the SEC, the CFTC, and the DoJ all said their investigating, and how new CEO chief overseeing the restructuring John ray claimed that the bahamian bankruptcy was at odds with the U.S. process and further that given that The Bahamas asked for FTX to transfer some assets to them after the chapter 11 bankruptcy was declared that they might actively be compromised as well. And this gets us to one of the stranger dimensions of this whole conflict, which is the international dimension. On Sunday Night, Ryan pinder, who's The Bahamas attorney general, as well as the senator and the minister for legal affairs, made a national address detailing the nation's view of the FTX collapse. One might hope that he would use this as a chance to denounce the fraudulent practices that the company perpetuated. But, alas. That is not what we saw. Instead, pinder characterized the collapse as a quote insolvency crisis, which has been, quote, experienced around the world in practically every sector. He claimed the case should be properly understood as a quote very large business failure as a result of questionable internal management practices and corporate governance. He viewed the catalyst of the FTX collapse as the exchange suffering a liquidity crunch or a run on the bank. And of course, we've seen this framing in media sources as well. Basically blaming binance CEO CZ for instigating a bank run on a competitor and treating the collapse as a normal corporate failure rather than asking why FTX failed to be able to service customer withdrawals, especially given that their terms of service laid out the customer funds were held on trust rather than used for other purposes. Now, sidebar, this is one of the most important things to be paying attention to right now. As relating this entire situation. It is extremely clear that Sam is trying to turn this story his FTX story into one of managerial and competence rather than fraud and deception. This is to be clear another lie.

The Bahamas SAM Ryan Pinder John Ray Cftc DOJ SEC Pinder Binance U.S. FTX
The Progressive Case for Bitcoin With Jason Maier

The Breakdown

01:45 min | 1 d ago

The Progressive Case for Bitcoin With Jason Maier

"All right, Jason, welcome to the breakdown. How are you doing, sir? Great. Thank you for having me. I'm looking forward to it. Yeah, me too. I mean, so this is a topic that I think more and more people are talking about it. I think it's super important. I think one of the strengths of Bitcoin is its nonpartisan nature, or it's maybe a better way to put it as a distraction to lots of different types of people for lots of different types of reasons. And I'm glad that people are starting to have that discussion. So I'm really looking forward to the conversation, but before we dive into the substantive things, tell us a little bit about yourself and what you do and how you got interested in Bitcoin in the first place. Yeah, it's a great question. So I am a math teacher. I teach at a private boarding school I teach high school math and I do a little bit of computer science also. And that was sort of the passion of what I wanted to do since I was a little kid. And in a lot of ways, I was living the dream, just teaching math and interacting with students and having a lot of fun. A buddy of mine got me into Bitcoin. He was just like, hey, what are you doing with your stimulus check? And you should go buy some Bitcoin with it. Of course I'd heard about Bitcoin. I had sort of my own false start years before. But as soon as that happened, I said, okay, I'll think about it, and I bought $20 worth of Bitcoin and I proceeded to just dive in. I said, well, now I'm in, I need to learn more about it. And of course, like many other people, the more you learn, the more you want to learn. So that's sort of the introduction, just a good friend of mine, who's the smartest person that I know, and also the weirdest person that I know is like, you should be buying Bitcoin. And I just started with that like $20 purchase. And it's just gone from there. So I went into the rabbit hole. I really approached it originally from a math and computer science angle. I want to know what kind of problems this is solving. And how it works. You know, I got hooked. I got a conviction for it from there.

Bitcoin Jason
Craig Welcomes Danny Talwar, Head of Tax for Koinly

The Trader Cobb Crypto Podcast

01:46 min | 2 d ago

Craig Welcomes Danny Talwar, Head of Tax for Koinly

"Ladies and gentlemen, I've got the pleasure of having Danny here who's the head of tax Australia full coin. Of course, we've done a lot with kindly in the past and it is the platform that I use to essentially bring everything together so that we can actually get our records and make it work. And what we want to be doing today is just discussing a few of the tax environments here in Australia. Of course, for different jurisdictions, there will be different laws and whatnot. But thanks so much, Danny, for taking some time out of your busy day to have a chat with us mate. Yeah, thanks, Greg. And it's great to chat. Yeah, look, if anyone's got any questions throughout, this is, well, we're going to be going for about 20 minutes half an hour. We'll keep it short to sync to the point because I believe you'll find a London after this, aren't you? I will be next week. No worries. So look, just to kick things off, I think one of the important things that people have been asking me, of course, this year we have seen Celsius go files for chapter 11. We've seen FTX Australia file as well for something similar and in different jurisdictions, BlockFi. We've seen the losses of Luna. There's been an awful lot of events that have had people make some fairly sizable losses. So I think maybe to kick this off, it's to maybe differentiate administration and loss and how we can work that in to tax filings HDL. Yeah, definitely. And I think it's a really important time to be discussing this as well, because it's only really after the fact that a lot of people realize, well, is there anything I could have done that could have helped me in this situation for tax purposes and often there are steps you can take along the way to make sure you keep good records and so on. So yeah, definitely a good time to talk about it.

Danny Australia Greg Luna London
Bitcoin Gas Flare Mining With Matt Lohstroh

The Breakdown

01:59 min | 2 d ago

Bitcoin Gas Flare Mining With Matt Lohstroh

"All right, Matt, welcome to the breakdown. How are you doing, sir? Doing well. Thanks for having me. Yeah, no, I'm super excited. I was just mentioning to you. I was asking a few trusted friends who they thought would be good to come talk and about Bitcoin and mining and your name came up a bunch, so I'm really excited to have you here. For those who might not be familiar with you and your work, I would love to just get a little bit of your background and how you got into Bitcoin and how you started this particular company that you're working with now. Yeah, so I got into Bitcoin back in 2016, just looking around in the space, stumble across upon it, fell in love with the instantaneously just because it went very well with my personality. I got into the whole altcoins and throughout 2017 and then by 2018 I was a full maxi and by 2019 started the business gig energy. Amazing. And so tell us a little bit about Giga and I think I'm going to try to extract a little bit of one O one about the space that you're in, but just for people who don't know what is Giga do. Yeah, so we extinguish natural gas flares on oil and gas locations through Bitcoin mining with our modular solutions as well as our natural gas generators. For people who aren't familiar with this space, what is the one O one on gas flare mining? How did it come about? How early were you guys relative to others in the space? How mature is it now? Because this is something I feel like indexes higher in conversation in some ways, like a lot of people talk about it, but you guys are actually doing it. So for people who haven't spent much time with it, I'd love to just kind of get the background. Yeah, so we were the second guys to do this in Texas back in 2019. Why I'm referring to when I talk about a natural gas flare. The oil and gas industry is called oil and gas for a reason. When you drill a well, you don't get to decide what comes out of the ground. Both liquids come out of ground. So the gas is in a gaseous form and the oils and liquid form. The oil is extremely powered and it's going to be trucked off location. The natural gas, however, is not super portable, so it needs to go via a pipeline.

Bitcoin Matt Texas
More Than 50% of Bitcoin Addresses Are Now in Loss

CoinDesk Podcast Network

01:36 min | 3 d ago

More Than 50% of Bitcoin Addresses Are Now in Loss

"I am leading off today with some bad news. We keep starting the week off on bad news, but that's kind of where we're at with crypto right now. It's a bear market. Grayscale Bitcoin trust is down to a discount of 43% of its record high. And that's because look at this on the right there. Bitcoin is not doing so great either. 50% of wallets are actually in the red in terms of purchases. So if you look at the longevity of coins and purchase since Bitcoin's inception, 50% of those coins have been purchased and now we're at a loss that's a huge negative note for investors out there who probably purchased during either one of the bull markets and are now sitting on a stack that's underwater. And that leads to different accounts in Bitcoin or different products in Bitcoin that aren't doing so hot either. So we have the grayscale Bitcoin trust, which I mentioned in the second go is down at 43% discount. Of course, coin desk is now owned by DCG, so we'll make a little disclosure there. Why does this matter that this product is at a discount? Well, a lot of people have it in their 401k. That's the reason this trust product actually gained ground and why it's actually a bedrock of crypto is because people had access to Bitcoin in their traditional brokerage account for the first time ever. So it's sort of like a very it's a good metric to follow in terms of Bitcoin. So when it's trading at this high of a discount, you have to start asking questions and wonder what is next. And it is everything okay. The one thing that really should be noted in this is the reason this is trading at discount is because a lot of people thought this would be converted into a Bitcoin ETF. That does not happen because SEC has not moved forward with allowing any Bitcoin ETFs. So we're still just waiting.

Bitcoin SEC
The Market Continues to Go Through Big Swings

The Trader Cobb Crypto Podcast

00:58 sec | 4 d ago

The Market Continues to Go Through Big Swings

"This market does continue to go through these big swings. Hopefully we see another big swing and hopefully there is generational wealth that we can build in that period of time. But you've got about 18 months to get your head around things. And you've got two choices. If you're the person that wants to quit and walk away, fine. Absolutely fine. But how are you going to feel? big, big run, and you are not involved in it at all. Well, what you're going to be doing is you're probably going to get back involved, but you're going to be buying when Bitcoin's at 50, 60,000. Not when it's down here around these levels that it is today. And I did a video on trading view and you can look at my socials. And if you're in the Discord group, I post the video yesterday and the TC post chat. At the bi levels that I'm looking at for Bitcoin. So you've got the option now to fight through the pain, remove the emotions from this whole process. And start to consider yourself in four or 5 years ahead. That is where you make your money. You don't make it today. You plan it today. You take action today. You educate today, you make it tomorrow.

Discord Group Bitcoin
Vitalik Buterin on Strengthening Merkle Tree's Proof of Reserves

Ethereum Daily

01:01 min | 4 d ago

Vitalik Buterin on Strengthening Merkle Tree's Proof of Reserves

"Ethereum creator Vitalik Buterin published a post describing cryptographic techniques for centralized exchanges to show that they hold enough on chain fonts to cover liabilities to users, but in first suggest the merkle tree technique in which a table of customers balances is placed into a Merkel some tree with salted username hashes. Centralized exchanges would provide each user with a Merkel some proof of their balance. Users would then have a guaranteed that their balance is included as part of total liabilities. The mechanism, however, is prone to

Vitalik Buterin Merkel
Graham Krizek Talks Voltage, Lightning and His Crypto Journey

The Breakdown

01:39 min | 4 d ago

Graham Krizek Talks Voltage, Lightning and His Crypto Journey

"All right, Graham, welcome to the breakdown, sir. How are you doing? Great, how are you doing? Good. I'm very excited to have you here. We were talking just a little bit about how lightning is this fascinating thing because even for a lot of bitcoiners who sort of have a vague broad kind of ideas about what lightning is or why it's exciting. They're not necessarily kind of clued into what's going on in the moment. And so I thought it'd be really fun to have you on to talk with about what you're doing and also kind of lightning more broadly, but let's start by just introducing you so how did you get into the Bitcoin space? How did you get into lightning and then what is voltage and what are you working on? Yeah, for sure. It sounds sounds great. I'd love to chat about that stuff. So my name's Graham cruise, I'm founder and CEO of voltage. What voltage is is where a Bitcoin infrastructure provider. So we help companies. They want to adopt Bitcoin in their technology or what they're doing. And then we also are very focused on the lightning network side of things. So when people are trying to incorporate the lighting network into whatever they're building application services exchanges, whatever it is, we really help them understand the technology, teach them how to use it, and then also provide tools and services to make that integration and that adoption, much easier, faster than having to start from scratch over and over again. You know, my Bitcoin journey started about 2012 and I've just worked kind of in the traditional infrastructure space for since then, or since about the same time, and then one day I just really realized there's this big gap in infrastructure robust infrastructure services for Bitcoin and lightning. You know, I just took it upon myself to kind of create voltage as a project and then it just kind of evolved from there and a company and just that snowball that never stopped. Amazing. One was voltage founded. We launched in October of 2020, so almost two years ago,

Graham
Why Web Pioneer Legend Brendan Eich Founded Brave?

The Bad Crypto Podcast

01:48 min | 5 d ago

Why Web Pioneer Legend Brendan Eich Founded Brave?

"Today, we have the CEO and cofounder of brave Brendan Ike is joining us right now. We're going to talk about all kinds of things. Brendan, welcome to the bad crypto podcast. Don't forget that. But most important micro unity. Yeah, he's got quite a background. You were the CTO, then CEO of Mozilla. And you helped launch the Firefox browser and you're also the inventor of JavaScript, which is the world's most popular programming language. So that little thing happened and then, of course, you founded the brave browser. So why found brave? Go ahead and tell us your reasons, especially after having launched a successful browser and Firefox that you thought we need brave. Right. So when we did Firefox, we were not as conscious about privacy as we are now. And we did this search deal with Google, which at the time was a great search engine and hadn't become a big Alphabet company full of all sorts of different businesses that all seemed to be lost leaders for the ad exchange business, which is the main revenue Lake of Google. We also in Firefox, we let the privacy conscious users build extensions for themselves and then grow those extensions. We call them add ons back in the day. So I sat for a long time thinking about two big problems. One is that browsers, if it gets successful, tend to be captured by a big tech company like a search company, which is really an ad exchange, like Google, or in the 90s, by an operating system company, which is really a word in excel office suite company. That was Microsoft.

Brendan Ike Brendan CTO Mozilla Google Microsoft
Roy Sheinfeld on the Maturation of Lightning

Bitcoin Audible

01:58 min | 5 d ago

Roy Sheinfeld on the Maturation of Lightning

"The maturation of lightning, growing up by going vertical. By Roy scheinfeld. It's almost tautologically true that specialization within a social system increases with sophistication. In fact, increasing specialization could be one way to define social sophistication. Example one our global society is pretty sophisticated. I know how to create products, ace a trivia contest about the wire and find the best shawarma joints in Tel Aviv. But I have no idea how to knit, design and efficient photovoltaic cell, or where to go rock climbing around Maputo. We're all experts at something, learning more and more about less and less. Compare that with hunter gatherer societies, where everyone can basically duke everything. Everyone can weave a basket, catch a fish, light a fire, sing a song, recite the rules of the tribe, make a shelter, et cetera. Though their worlds are complex, their societies are simple. With very little internal differentiation or specialization. Example two. In the early days of the web, companies like CompuServe and AOL were basically one stop online shops. They were ISPs providing basic connectivity, email, social media, IE chat rooms, content in the form of news, weather, and so on, and search, often in the form of an actual curated directory. As the web became more complex, we now engage with multiple companies for each of those functions, including all the writing, editing, commenting, revising, and so on. Even a simple post like this one will involve the services of a few ISPs, a few email providers, a few cloud storage platforms, a few cloud text editors, a few image repositories, and who knows how many background services. And now, it's happening to lightning.

Roy Scheinfeld Hunter Gatherer Maputo Tel Aviv Compuserve AOL
El Salvador Proposes Digital Securities Bill

CoinDesk Podcast Network

01:51 min | 5 d ago

El Salvador Proposes Digital Securities Bill

"We're going to talk about El Salvador. Now, amidst everything that's been going on in the last two weeks. I found myself thinking probably about every other day, what's going on in El Salvador. And so I'm happy that today we get to talk about it. So El Salvador's national assembly is considering a draft bill to regulate digital securities, which is an indication that the country will move forward with its plans to issue Bitcoin backed bonds. You'll remember in March, the country put a pause on these Bitcoin back bonds to Bill was presented by the minister of economy, Maria Louisa hayam, breve, and seeks to establish a national digital assets commission to oversee the regulation of digital asset issuers and service providers Wendy, I'm going to kick this one off to you first. What do you think about El Salvador moving ahead with these bonds? I think that it is absolutely amazing. And I don't want to get into the way that he governs his country. But I really do want to focus on how El Salvador is using Bitcoin as a tool to essentially gain their power back. This is why Bitcoin was created. It was created for the people by the people. And yes, even though president buki is this, I guess that he calls himself the CEO of El Salvador or whatever it is is a joke. I think it is important to note that we're seeing a country that got a lot of slack globally, essentially take their power back and tell people until a lot of these organizations, these big global organizations, we don't need you. We don't need your help. We don't want your help. We are fine on our own. And essentially, they're taking their power back and they're creating their own monetary policy and they're creating their own laws and regulations for all of this stuff. So I think it's absolutely amazing. And it just goes to show that we're starting to see a shift in the way a lot of different countries portray themselves and how they're using Bitcoin to essentially help their people in a positive aspect. So again, 100% here for it. I root for the underdogs as always.

El Salvador Bitcoin Maria Louisa Hayam National Digital Assets Commis National Assembly President Buki Wendy Bill
Finding Bitcoin Signal With Jeff Booth

What Bitcoin Did

01:33 min | 6 d ago

Finding Bitcoin Signal With Jeff Booth

"You worked on an article discussing looking for signal outside of noise. Tell me about a bit about the article because there's so much going on at the moment. I've got so many different areas I want to go into with you, but I just want to hear your background to why you worked on this article. I worked on that article because the highest abstraction level, so many people didn't understand what Bitcoin was. And what the existing money system was. And very few people typically would want to go down to the sand on a monetary system. They achieve value of built on top of that level. And so you achieve your value through the products and services that are on top of monetary system. And you very rarely question the plumbing underneath it. And nobody goes about their life thinking about the plumbing. And so the plumbing could be rotten, and you might not know it. And certainly if they're doing that in the existing system, then Bitcoin with different plumbing, they don't want to look at the plumbing in Bitcoin either. It's just too hard. People want to go about their days day in life, and when they get when they get frustrated or about their particular need, they don't typically go deeper on what they think it's a surface problem on top of that. So I wanted to explain in a way that people could understand that and drive a piece that they could keep on referencing that piece. To be able to see what was actually happening at the plumbing level

Unpacking the FTX Meltdown!

Crypto Current

01:25 min | 6 d ago

Unpacking the FTX Meltdown!

"I'm Stephen Miller and you were watching the aftershock the shore we bring you the latest and greatest from the world of web three. And while I know it may not seem like it's the greatest lately, we're still here to keep you updated on everything going on in the markets so that you can be an informed investor participant or builder. Of course, I am joined every single Wednesday here on the aftershock with my co host Richard Richard how are you today? You know, hanging in there. I had the opportunity to go to the Texas blockchain summit in Austin last week and I felt really good about the conversations around what's to come next because unfortunately with everything that just happened with FTX regulation is inevitable. I don't necessarily see it as a bad thing, but I do think the voices in the room that need to be discussing how to bring in regulation without stifling innovation is going to be important. And I left that conference feeling encouraged by what people who understand what's going on in the world of crypto is trying to bring forth as it relates to regulation. So I think that was probably the high points of the last week in all of the reign of negativity that is out there. But how about yourself? You know, man, I'm just over here trying to put together my album of FTX greatest hits because they just keep a comment, don't they? It is going to be a very, very difficult next few months. I can already tell,

Stephen Miller Richard Richard Austin Texas
PartyDAO Launches Party Protocol

Ethereum Daily

00:39 sec | 6 d ago

PartyDAO Launches Party Protocol

"Party Dow introduced a party protocol in open platform for on chain group coordination party Dow is behind a party bid adapt that allows users to pull together funds to purchase an NFT and tokenize it amongst contributors. The protocol aims to be a standard for group coordination by providing three essential on chain functionalities. The party protocol provides crowdfund contracts for pulling together eth. The protocol also enables coordination through NFC memberships and voting proposals. Lastly, party Dao supports equal token distributions for group members, party protocol has been audited by code arena and is not deployed to mainnet.

DOW NFC DAO
The State of Man: Proclaim Your Bitcoin, Part 2

Bitcoin Audible

02:05 min | 6 d ago

The State of Man: Proclaim Your Bitcoin, Part 2

"Proclaim your Bitcoin. Part two by simply Bitcoin. Proclaim your Bitcoin is a three part series that will summarize the nature of man, the current state of man, and the future of man. Part one is the nature of man, part two the current state of man and part three the future of man. The tyranny of evil men. As explained in part one, man must undertake work to satisfy his wants and needs, and a man must defend the products of his work from both theft and entropy alike. This constant holds true even if the work conducted is theft. Even if man satisfies his wants and needs by violently taking from others, the thief must also work to defend the products of his theft and the systems that enable his theft. If he is to enjoy his stolen property. The primary work undertaken by thieves to maintain their systems of thievery is manipulation. Deceit and lies are the tools of the trade for the thief, and there is no grander system of theft than the debt based monetary system of the U.S. dollar. Enforced under deadly monopoly powers and perverse amounts of public manipulation. For those organized criminals that work behind the scenes within our governments, our banks, and within all manner of corporate and think tank institutions around the world, they apply a tried and true three step hegelian dialectic approach to maintain the supremacy of their theft based U.S. dollar system. Step one privately identify the problem. A loss of monetary control. Step two publicly identify any other problem. War, terrorist attack, cyberattack, et cetera step three, publicly implement the solution. Print more money and more regulations.

U.S.
Assessing Crypto's Challenges Past and Present With Jesse Powell

CoinDesk Podcast Network

01:35 min | 6 d ago

Assessing Crypto's Challenges Past and Present With Jesse Powell

"How have what we've seen transpire in 2020 two compared to some of the challenges or moments that people thought were kind of existential crises in Bitcoin or crypto has passed. Yeah, well this is the biggest blow up in crypto history for sure in terms of the dollar amount and I think the number of people affected mount gox when it blew up in 2014. It was about $400 million and I think they're only about 20,000 something creditors that actually filed claims there. But that case is still ongoing. People still yet to get their money back. So that wound is still open and definitely another major blow for the industry. Not so much because FTX was critical infrastructure or anything. I think mount gox was much more critical back in 2014 than FTX was today by a long shot, but politicians have been looking for an excuse to hassle us in the crypto industry. And unfortunately, here we are the victims and this blow up is somehow going to be pinned on us and be used as a lever to kind of squeeze more juice out of the crypto orange. Unfortunately, and we're going to have to fight with everything we can to make sure that the narrative stays on point, which is that FTX was a scam a Ponzi, not unlike Bernie Madoff, not unlike theranos, you know, just like Bernie Madoff was not an indictment of the stock market or equities and theranos was not an indictment of the medical profession. FTX is not an indictment of crypto whatsoever. We just happen to be the victims in this case. He could have used anything and I hope that we all stay on message with that and make sure that this doesn't get used as an excuse to shut us down.

Mount Gox Bernie Madoff Theranos