35 Burst results for "Nick Nick"
The Crypto Conversation
A highlight from XEROF - Cryptoassets with Swiss Precision
"Hi everyone, Andy Pickering here, I'm your host and welcome to the Crypto Conversation, a Brave New Coin podcast where we talk to the people building the future in the Bitcoin, blockchain and cryptocurrency space. Hey team, we have a new sponsor here at the Crypto Conversation, BitGet, one of the world's leading copy trading cryptocurrency exchanges. Yes indeed. What happens if you've got the funds to invest but you don't have the time to keep track of the market? You still want to make smart money moves? What do you do? Well, copy trading is a popular choice for beginner traders. You can shorten your learning curve by uncovering tips and strategies from more experienced traders. BitGet's copy trading platform has over 80 ,000 elite traders to choose from and 380 ,000 followers just like yourself who are already using the BitGet copy trading platform as a potential passive income stream. All it takes is one click, you can subscribe to an elite profitable strategist, set your limits, automate your orders and monitor their trades. I've got some links in the show notes below, one link will take you through to the BitGet sign up page, give you a VIP discount. So learn all about it for yourself thanks to BitGet. And now it is on with the show. My guest today is Mark Taverner. Mark is the CEO and co -founder of Xerof, a financial services provider bringing Swiss precision to crypto assets. I like it. Hey, welcome to the show, Mark. Thanks, Andy. Pleasure to be here. Let's do what we do at the beginning of the show. I'd love to hear just a little bit of your personal and professional backstory. What has led you to where we are today, Mark? Wow. Okay, Andy, I'll be super brief. So fresh out of university, I founded a fax modem distribution business. This is back in 92. And the reason I founded that business was because I saw the potential for what we now know as the Internet. Back then, we didn't call it the Internet. It was a bunch of bulletin boards and various other gatherings of individuals using technology to communicate. And many of my friends chastised me, questioned me and asked me the question, why do you want to try and build a business that send faxes to people? They just didn't get the vision that I'd seen about the power of the Internet. So I launched myself into that business using my credit card to buy stock, smiling and darling every day and selling those fax modems I was buying into small companies that were popping them into PCs so that individuals could join these bulletin boards and start exchanging ideas, content and discussions between each other. And the reason I did that was because, as I said, I saw the power of the applications that could be built on top of the Internet for basic things that we really take for granted now, like estate agents being able to show pictures of property to geographically dispersed audiences and all the rest of it. And from that foundation, I became hooked on the application of technology. Shortly after that, I joined what went on to become the world's largest conference call company. I spent nearly 15 years with that management team building that business where we were realizing the vision of an application on top of the Internet, which is the ability for people to collaborate with each other across distance, not just in audio, but in video and using documents as well to work real time in a collaborative way. And it was during that journey that Bitcoin came on my radar. So I retired from corporate life and a knock came on my door one day where the question was, have you heard of Bitcoin, which I had. And in 2014, I jumped with both feet into the world of blockchain and Bitcoin and began working with what became one of the world's largest Bitcoin miners. And then from there, you could say I got the Bitcoin crypto and blockchain bug. So there's just a little potted history, Andy, to speak to your question. Yes, thank you very much. Yeah, and that was Bitfury mining that you were with for a while, wasn't it? Yeah, that's right. And so we'll bring us up to date then, Mark. So Xerof then, give us, I guess, a little bit of background, love to just hear the brief origin story and the vision for Xerof. Yeah, super well, the origin of Xerof really. I guess it has its foundation in the role that I took after I left Bitfury when I went to become the founding CEO of a trade association supported by the European Commission, whose role was to act as a bridge between the blockchain industry and governments who were developing regulation. And at the time, the European Commission, the European Parliament were just talking about a piece of regulation that's now quite well known, called the marketing crypto assets regulatory package, or MICA, as it's known. And I did two and a half years working, translating the requirements of about 170 blockchain companies that we had as members into language that the governments and regulators could understand and vice versa. And around about that point, I was having a conversation with Nick Tigrentakis, my co -founder at Xerof, and we suddenly realized that there was a real need for corporations, individuals and high net worths who had exposure to crypto assets, but wanted that bridge back to traditional finance and vice versa. And that friction point was immense to the point where both myself and Nick, my co -founder at Xerof, were having to wait sometimes up to six months to be able to open accounts with institutions and organizations who were providing that bridging service in a compliant way. So we saw a real space in the market for a company, and this is how we founded Xerof, to lead with a compliance and regulation first approach to deliver professional services that remove the friction between traditional finance and crypto assets in a compliant, professional and precise way. And you could say that the nucleus of the idea that started Xerof really hit us front and center between the eyes. During that period, I spent working at INATBA, the International Association of Trusted Blockchain Applications, and helping to do that translation between the blockchain industry, government and regulators. We just saw that the friction points were not going away, but we saw the importance of regulation was gathering pace, and therefore we understood that to try and address some of those frustrations that existed between the innovators and those institutions who wanted to gain access and exposure to this marketplace, the timing was kind of right to launch Xerof. Yeah, very good. And so headquartered in Switzerland, hence the Swiss Precision tagline. Explain a little bit about, I suppose, your separate or related target audiences really. Who is Xerof aimed at, and are these different users primarily in Europe, I presume? They can be in Europe, or they can be worldwide, Andy. The thing about the crypto asset business is it's truly global. You're back to the example I gave you of the fax modem business. I saw the opportunity for services to roll out on a global basis. So our customer base operating, as you quite rightly say from our base, our proud base in Switzerland, where we're licensed and where we have a real business with real people in real offices, is to service high net worth individuals, businesses, and corporates who need a solution that simply works. So we provide that bridge between a world of traditional financing crypto assets and some examples of the types of services that we deliver to those audiences could be cross border payments. So we work with quite a large number of businesses who have a need, perhaps because they're commodity traders or they work in supply chain, and their need is to be able to make payments to their suppliers and customers very quickly for low fees and sidestepping some of those traditional frictions that exist in the regular world of banking. So we operate a process whereby to satisfy those cross border payment requirements for commodity traders or supply chain businesses, we might receive a relatively large amount of incoming fiat, that is a government backed currency such as US dollars, and exchange that into a stablecoin like Tether, USDT, so that the customer can then use that USDT, Tether, to pay their suppliers and customers super, super quickly, without any friction and massively reduced fees and thereby increase the velocity of the cash of the capital that they're using, which is majorly important for commodity traders and supply chain businesses, the quicker they can move their capital around, the quicker they can deploy it, and the greater returns they can create. So there's one example, I'll give you just two or three more if that's okay, Andy. Of course.
Mark Levin
Rep. Malliotakis: Introducing Resolution to Expel Jamaal Bowman
"To congress members each and every day that want to make sure that he is held accountable and that means either censorship or expulsion i've introduced a resolution today with some co -sponsors to expel him and look the timeline just doesn't make sense and of course the police are still investigating but we know what we know right it was caught on video it was caught and confirmed by capitol police on video and there's photographs and in his timeline that he presents simply just does not make sense when you read the time so look at this 1159 was when the motion to adjourn by katherine clark was the leader there took place after that it was 1205 just six minutes later when we saw the jamal bowman pull the the fire alarm he says that he was in a rush to vote however he actually didn't go and vote until an hour nearly an hour later so that just shows you he wasn't rushing to go anywhere so i believe he was specifically there to disrupt the proceedings he created nick and this is a person who is uh was a school principal he knows the old fire alarm trick more than anybody and the fact that he thought it was appropriate to pull this fire alarm to disrupt the seating uh has to be punished and so we've introduced this resolution to expel him today um and and we will we will see when we will be able to get a vote i want you to ignore the tv e some lawyers of whom uh are more political than legal and who who who say this is the wrong move or this is preposterous i don't even understand that if to a get kid in a high school does that i mean they can be charged criminally in some states in some counties and
The Bitboy Crypto Podcast
A highlight from Who Is Deezy?
"What's up everybody, and welcome to another Saturday edition of the Alpha series here on Discover Crypto. I'm excited to sit down with Deezy, Mr. Nick Valdez, and talk about who he is, where he comes from, what he's all about, because I have no idea, and I'm sure a lot of you are wondering, why the hell is he hosting Discover Crypto? What's he all about? Does he even know anything about crypto? Well, let's dig into it. Deezy, how are you feeling? Thank you for being here. And what's your story, man? How are you in this position? Well, how are you talking on my shoulder? Who the hell are you talking to over there? What is going on? Is there hidden cameras in the wall? I don't know what's up. Talking to all of you out there. My name is Deezy, also known Nick Valdez. I'm a former professional Magic the Gathering streamer, whatever that means, not much in my opinion. And I've been in crypto. I've been making crypto content since 2020 briefly, and then I started working for the channel here back early 2021. And so I've been working in crypto full -time a little over two years at this point. I've been in content creation full -time a little over four years at this point. So you got into content creation for crypto in 2020, you said? Well, I started out with Magic the Gathering, but then I made my first piece of crypto content, which is Gods Unchained back in 2020. So does that mean you just got into crypto the day before that, or did you have a little bit of a pathway that got you there? I had a little bit of a pathway. I first discovered crypto from 4chan, actually, from the B board. So this was Bitcoin maybe a year or two old at this point. So fairly soon, I remember seeing some pretty low prices for Bitcoin. I remember my buddy trying to convince me. We worked together at ADT, the home security thing. So you ride around in a van, you leave headquarters, you might have to go to town an hour away. This is early days of smartphone. The web traffic was pretty low back then. The web pages were pretty low. There wasn't really social media networks like there is today. So I remember the text board on B, that's where I started discovering Bitcoin. And my buddy was like, man, we got to start buying some of this. But 4chan was nothing but scammers. And I thought, for sure, if I try to make Bitcoin, I'm going to get scammed. They're going to hack me. They're going to see my driver's license number somehow, my social security number. And it freaked me out being that it was related to that, and so I stayed away. Fast forward about two years, a buddy from high school was telling me about Silk Road and how he bought some ecstasy on it, full disclosure. And he was like, yeah, man, you got to get Bitcoin. I love this website. You can buy anything. And I was like, man, you're crazy. I don't know. This seems nuts. And then shortly thereafter, he lost, or maybe even during that time, he's like, yeah, I had to buy more Bitcoin because I lost Bitcoin on that computer. I remember him just pointing at his computer, and I was like, what do you mean you lost Bitcoin? I kind of had an idea of what it was. He's like, yeah, like I lost the password to my wallet or something. I just remember thinking like, wow, so you can have money in it, and you just lose it super easy, and it's associated with hackers? And so it kept me away from Bitcoin, even though I knew about it early, knew the proposition value of it early, it freaked me out. So that's a great spot to pivot there. That whole time, I'm investing in traditional stocks. And so I'm like, well, my Amazon's doing pretty good, guy. Right. No, but you bring up a great point because it's not just you as an individual. We see right now with all these Bitcoin spot ETFs, we see institutions on the horizon. And that's only because there's some proof of concept that's actually endured over a good period of time now, over a decade, in fact, for Bitcoin. But the question here, it kind of lies in, or the hesitation, I should say, lies in the lack of awareness broadly in both retail and institution. Because let's be honest, the people that are running institutions are people, too. And they are a part of retail. So the awareness factor of Bitcoin over the last 10 years has grown so exponentially. The question is, really, how do we get people from A to B, the genesis of first having the seed planted of hearing about Bitcoin, maybe seeing it on The Simpsons or in all the different media we watch, and then taking the leap to investigate it a little bit, and then taking that third step to actually get involved. So to get there, we need awareness. So I'm curious with you, where you came from, how old were you? What was your process like? At what point in life did you understand that there was a different value to money or currency than you were brought up, that change? When did that change happen? I learned that I was poor in second grade. I remember learning that. I grew up real poor. I grew up with a single mother. I could get into how, I don't want to say bad, it truly was, but things weren't easy. There's a period my mother was locked up. My father was put in jail, put under the concrete months after I was born. I never saw him. I saw him two, three times when I was 13. I haven't seen him since, and I never saw him before that. I haven't talked to him since, really. And so I grew up just very, very poor. But when you're five, you don't know you're poor. When you're six, you don't know you're poor. It takes a certain level. And I remember my mother dating Robbie Cumberland. He was a big jerk, man, really, really big jerk, abusive, not a fun time. But his daughter, I remember saying, oh, well, there's other people, they're more poor than us. And I learned the term middle -class. I didn't know what middle -class was. That's when I started seeing, as a seven -year -old, oh, there's hierarchies. There's social strata. There's social strata, and I'm down here. And then I don't know when it was, but at a certain point, you realize, I don't want to be down here. I want to be up here. So I remember pretty early, single digits age, you know, you're blowing the birthday cake. You're not supposed to say your wish is not going to come true. I remember just wishing, I want to be a millionaire. I want to be a millionaire. I was tired of being poor. And so I pretty quickly learned the value of money scrounging for lunch money in middle school. You know, like, maybe I would have an issue trying to get lunch money from my mother. I'm scrounging the quarters and the dimes and the couch cushions. While in high school, you know, I was pushed to work pretty early to help, to help. You know, a lot of people, they don't have that experience. You know, it's the opposite. Their parents encourage them to work at the same time, giving them money, paying for their car, paying for their cell phone, and then having them, oh, yeah, you need to learn the value of a dollar and make extra money on top of that. I was working and paying for my own school clothes. I was working, paying for my own school lunch. And so I learned the value of hard work and I learned the value of a dollar while being a high school student. And so that definitely gave me an advantage. Being poor, you know, statistically speaking, probably not an advantage. Your education is probably not going to be as good. Your influences are probably not going to be as good. Your home life is probably not going to be as good. But you do get an advantage with some aspects of mentality. And, you know, I just try to focus, you know, let's hone the positives from that and let's sharpen it and let's use it as a weapon to create financial independence. Yeah, I mean, what an interesting story there. And that's one of those things that all of us need to remember when we're talking to anybody, whether you're sitting in line at the bank or maybe not the bank because maybe you're walking down the street talking to a homeless person or a friend that you've never went deep with. Everybody has a story. Everybody comes from somewhere and there's depth there that we can truly connect on if we understand, even if somebody is being difficult to deal with or there's compassion and love there that we can engage with, right? And we can understand people better if we know that we all have a story. So you mentioned all this about your understanding of the lack of value proposition of the dollar and what it means to have money and the true value of money, I should say. But where did that value proposition that you mentioned of Bitcoin, when did that flip the switch in you that rather than you were just aware of it, that you actively said you pulled the trigger to do the first action transaction or purchase or something engaging with it? So it was almost going to be 2017. You know, that's when Bitcoin really started to go on its first major mainstream tear where, you know, started really getting people's attention. And I remember pretty early in the year. So, you know, well before December, well before October. So I don't know what level we're at, well below 10K. I remember it hitting headlines. And then that's when I decided to, you know what, it's time to do some education here. I, you know, probably like a lot of people in crypto, once you become fascinated about something, you want a deep dive on it. You want to go full blown, artisanal on it. And so that's a little bit of an aspect of what I did for Bitcoin there. And I remember looking into it and it was Reddit. It was Reddit of all places that I learned about the four -year cycle. So I saw about the four -year cycle pretty early because at that point, we did have a little bit of a spike in 2011 and then a spike in 2013. And then we're starting to spike in 2017. And then once we hit a new all -time high, then that four -year cycle really starts to look pretty clear. And you're like, oh, wow, we're setting up for a repeat of history here. And a lot of smart people were saying, oh, the having Bitcoin will go down. And I remember they're saying, guys, you idiots, 2K is the top. Guys, I know we hit 3K, but surely 4K is the top. And so pretty early in 2017, I just remember thinking, oh, this thing is going to reverse anytime now. It's going to reverse anytime now. It's going to reverse, it's going to reverse, reverse, reverse, because, you know, you see you're like, oh, I could buy this at 3K, should I? No, man, it's going to reverse. And then you go forward a few weeks and it's 5K and you feel like an idiot. You're like, well, I'm definitely not going to buy it now. So during this period, I'm watching it climb and I start doing some research. And pretty early, I got the mentality where I have to wait for it to retrace. It will have what they call a crypto winter. I start learning more about the four -year cycle, and that's exactly what I did. I didn't buy any Bitcoin or any crypto in 2017, I waited till 2018, and then I started buying. I looked, I think the first Bitcoin I bought was from the retracement down to 10, and I think I bought as soon as it got near 10. I remember thinking, oh, it's near 10. Now is when I start buying, and then it went to five, then it went to three, you know, so it kept going lower and lower and lower. But at the time, I didn't really care. I was like, OK, I finally have exposure. Of course, the first coin I bought when I downloaded Coinbase, oh, I'm going to buy that 10K Bitcoin. Whoa, XRP is how much? I could buy so much for $100 versus Bitcoin and I bought XRP. So that was the journey. That was the journey right there. I mean, I can honestly say that that journey is probably echoed by so many different people. You know, a lot of people and I say this, you know, on BitLab Academy, we're talking about these cycles. Everybody, everybody that's ever traded or invested ever has bought a top of an asset and gotten scared and sold at some point. Also, we've all bought a top and sold a bottom. And at the end of the day, it's all about how do you dive in, be ambitiously curious, dive into, OK, how can I fix my broken strategy? Because clearly that's not how people that made money made money. They figured out, OK, there's other data points I can look at rather than just looking at price. And then similarly, the XRP story, whether it's XRP, Shiba Inu, Dogecoin, Cardano, it doesn't matter. So many people come in and it's going to happen even more this next cycle. We're going to have the most onboarding of new adopters coming into the markets than we've ever had in this next cycle because institutions are coming in, because that aware the price breaking past 70, whatever that happens, that's when the hype cycle, the free press for crypto goes out and people are going to say, I can't afford a $70 ,000 Bitcoin. I'm going to go buy a dollar Cardano. And I'm not saying at all Cardano is a bad project, but people need to be curious about the assets they're investing. And so what would you say, knowing the journey you've had and the different sticking points or hurdles or failures, we've all had failures in this space, what we've learned from it. What would you say to somebody that's just coming in there on the fence about coming in or somebody that's watching as a family member that's asking about it? What's the advice for somebody that's stepping in this space? Very basic. Well, first, let me say coin price does matter per coin, separate from market cap. And this sounds dumb. No, the only thing that counts is market cap. No, there is a thing called like retail adoption rate. And if you download an app and all things being equal, same social, same token, same everything, except one has a million supply, one has a billion supply. People are more likely to buy the coin for a dollar than buy one or a hundred of that coin at a dollar rather than buy 10 % of the thousand dollar coin. Even all things being equal, it's just visually, I don't know if it's a visual thing, I don't know if it's just an ego thing like, yeah, I have a thousand of that thing versus I have 10 % of that thing. It just sounds better. So one, coin price does actually matter when it comes to whether or not retail is going to buy it. Might not matter so much for institutional investors, but yeah, that definitely does matter. As far as advice, new people coming in, I don't really like to give people advice of coins outside of top 20, maybe top 30. I'm not not not advice for coins, but more like you're stepping in. Oh, you're stepping in. The first thing you can do is go ahead and sub to Discover Crypto. The second thing you can do is maybe ask yourself, well, why, why am I just trying to get rich? All right, we'll have that be your investment thesis. Do I hate the government printing money? Oh, well, buckle up. You're stuck. You're going to be with us for the rest of your life. I'm sorry. You're a weirdo now. You know, there's going to be different angles. Are you just super into tech? All right, we'll start learning about smart contracts and solidity. So maybe, you know, find out why you would be interested and then that will describe the how or the what.
CoinDesk Podcast Network
A highlight from UNCHAINED: Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out
"Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah. So I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the, you know, defense's arguments were, well, the first time we asked it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking an appeals court to overrule the judge's decision to remand him and they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're really going to get a sense of, okay, you know, these are the 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars and so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency. Most of them probably will not have and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman -Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in. Maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that Lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no. So Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it, naturally, as you know, a reporter covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And then the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions. And I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own Taylor Layer 3 or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Toku makes managing global token compensation and incentive awards simple. Are you designing your token compensation plan and grant templates with multiple law firms? Are you managing cliffs, vesting and taxable events in a spreadsheet? Are you distributing tokens to your team manually? With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Easy to use token grant award templates, vesting tracking via online dashboard, tax withholding integration with payroll, automated distributions, great employee experience. Make it simple with Toku. Learn more at toku .com slash Unchained.
Unchained
A highlight from Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out - Ep 549
"Even though each of these charges, if you look at the DOJ press release says, oh, it contains a maximum sentence of 20 years or five years, whatever, it's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is it'll probably be somewhere in the, you know, 10 to 20 year range. Hi everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full time. This is the September 29th, 2023 episode of Unchained. Thinking of launching your own stable coin? Start with the open source stable coin studio toolkit on Hedera. Start your journey at Hedera .com slash Unchained. Shape tomorrow today. With the crypto .com app, you can buy, trade and spend crypto in one place. Download and get $25 with the code Laura. Link in the description. Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah, so I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the defense's arguments were, well, the first time we asked, it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking the appeals court to overrule the judge's decision to remand him. And they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center, where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you, you know, more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, you know, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars. And so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency, most of them probably will not have, and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple of days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in, maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as, you know, next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no, so Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman -Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman -Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it naturally as, you know, order covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to, or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And in the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions and I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own tailor -made Layer 3 or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Toku makes managing global token compensation and incentive awards simple. Are you designing your token compensation plan and grant templates with multiple law firms? Are you managing cliffs, vesting and taxable events in a spreadsheet? Are you distributing tokens to your team manually? With Toku, you get unmatched legal and tax tech support to grant and administer your global team's easy -to -use token grant award templates, vesting tracking via online dashboard, tax withholding integration with payroll, automated distributions, great employee experience. Make it simple with Toku. Learn more at toku .com. Looking to venture into the world of stablecoins? Explore the open -source stablecoin studio toolkit on Hedera. Whether you're building the next big thing in Web3 or an enterprise banking and payment provider, Stablecoin Studio simplifies stablecoin issuance and management, keeping you at the forefront of on -chain finance. With seamless integration into commercial custody providers and KYC services and built -in proof of reserve functionality, Stablecoin Studio streamlines development and time to market. Harness the power of stablecoins by visiting hedera .com slash unchained. Back to my conversation with Nick. Recently, the defense did propose a number of witnesses, but the judge denied most of them. Who were these proposed witnesses and why were they denied? Yeah, so the DOJ and defense both had a number of proposed expert witnesses. The defense in particular had a number of individuals that they said could speak to everything from the terms of service that FTX operated under to the FTX software to just rebutting certain DOJ witnesses. The judge basically said he agreed with the DOJ in rejecting all of these proposed witnesses. There were seven. He did allow the defense to call for four of them later on, but they have to meet certain requirements and fill out certain disclosure forms first. A big part of the judge's reasoning was the witnesses had just not adequately explained what they wanted to testify about or what they would say, and so they didn't have or he didn't have enough information to allow them to testify, which was functionally the DOJ's argument as well. That being said, some of these proposed witnesses are intended to act as rebuttal witnesses to DOJ's witnesses. I know we're saying the word witnesses a lot, but that's what it comes down to is four of these witnesses could come back and respond to, you know, either FTX intercircle members who are testifying on behalf of the DOJ. One of the potential witnesses that the defense can call forward is someone who can speak to the actual technical software underlying the, you know, FTX program, again, in response to DOJ witnesses. The judge did completely ban, for example, a British barrister who was supposed to explain the FTX terms of service as well as someone who was supposed to speak to kind of the crypto industry at large, saying that, you know, those witnesses and that proposed testimony seemed a bit too far afield from what the case would be about and could probably do more to confuse the jury than to clarify anything. And SPF's team also wanted to block a proposed government witness that was also denied. Who was that and why did the judge deny that motion? The DOJ proposed a University of Notre Dame professor to testify about some forensic analysis he did on FTX financials. The defense objected. They said that this witness would basically just reiterate the DOJ's claims, the allegations, but the DOJ argued that he was doing his own analysis of the data he had access to. And so it wouldn't just be stating the DOJ's claim. He would be providing his own expert insight based on his own work, you know, examining the databases that he had access to. And the judge agreed with that and said that based on what he'd saw and based on what the witness disclosure had provided, the witness was likely just speaking to his own expertise and looking at actual data as a third -party expert witness might do. And so those witnesses are allowed right now. We're still waiting on the full and final witness list, but we now know that there are probably at least a dozen witnesses that we're going to hear from over the next six weeks. And who are the ones that stick out to you on that list? I think the cooperating witnesses, so the FTX inner circle, that's former Alameda Research CEO Carolyn Ellison, former FTX director for engineering Nishat Singh and Gary Wang. I forget which one of them was the director of engineering. The other one was a fellow executive, but you know, these are the three individuals I think we're going to hear from probably first, maybe. Might hear from them as soon as next week, not certainly the week after. They're the ones who were in it, right? They were involved in this. They were part of FTX. They were part of the highs. I think we're going to probably hear from them, you know, how FTX might've fallen apart. I know from court filings, we know that DOJ wants to ask Carolyn Ellison about the FTT token and allegations that Sandbank and Freed was directly involved in trying to argue for Alameda to take a large sum of it and to potentially allegedly manipulate the price. So I think that testimony is going to be really interesting just because, again, it's the firsthand account of what happened. We're also probably going to see the defense try and discredit these witnesses to the extent possible, right? Straight out of the gate saying, well, you know, you weren't threatened with jail if you didn't testify in turn against your former boss. So I imagine we're just going to hear arguments like that from the defense during cross -examination, but either way, I think this is going to, you know, those are the three witnesses I think we're looking forward to most right now. And then once we're past that kind of initial surge of FTX insiders, that's when we'll get to kind of more, I don't because I don't think that is the right word for it, but, you know, people who are looking at it from kind of the, you know, again, forensic analysis perspective, people who are going to be able to kind of dig through and say, all right, well, you know, we've looked through the smoking remains and here's what we found. And I think that will also be interesting because it'll be really a third -party perspective on, you know, here's how this thing was set up and here's where things may have gone wrong or here's where things may have fallen apart. And getting a third -party perspective on that I think is going to be really fascinating because there'll be, I assume, a bit more objective about it than, you know, people who built it and worked on it maybe could be. One other kind of motion that happened this week that was pretty interesting or development, I should say, is that the judge did allow SPF's team to ask some of the witnesses about their drug use. What do you think will be the significance of that line of questioning? I think that goes back to, you know, a witness, cooperating FTX inner circle member saying, while we were at FTX, Sam directed us to manipulate FTT, whatever, you know, just speculating what someone could say. And the defense comes back and says, well, you know, are you sure that's what he said? Were you high at the time of these conversations or were you engaged in recreational drug use during the time you were running this company? You know, if I'm a member of the jury and I hear, okay, well, everyone was partying and on drugs and doing weird stuff or, you know, potentially, you know, in an altered state of mind, that might shape how I view the, you know, the defendant, the verdict, the whole case. So the judge did say that prior to making those, you know, kind of questions, the defense has to notify the prosecution and the judge about it. So it's not going to be a case of like they'll blindside the witnesses about this, but I imagine that's going to kind of go back to this effort to try and say like, okay, you know, Bankman Fried wasn't doing something wrong on his own or intentionally, it's just that things fell apart, but they were well -intentioned. The defense is going to attempt to, I think, pin some of the blame on legal advice that Bankman Fried received. How effective do you think that argument will be at trial? That's a really hard question to answer. I think the problem that the defense has is there's really no denying that FTX fell apart and it fell apart in like a very dramatic fashion, right? The day it filed for bankruptcy that evening, what, a couple hundred million dollars or tens of millions of dollars worth of crypto was stolen, I think. I forgot the exact amount, but you know, it was a pretty dramatic way to cap off what was already a chaotic week. So the problem the defense has is they can't say, well, FTX is fine. And so they're leaning on this advice of counsel defense. Their argument is going to be, you know, Bankman Fried was well -intentioned. He told his lawyers everything he wanted to do, and he did everything they told him to do. And so because it all fell apart, you can't really pin that on Bankman Fried. You have to look at the advice he was given and the information he was acting on. And so I guess part of the problem that the defense might have here is did they share or did Bankman Fried share everything he wanted to do with his attorneys? Did the attorneys have all the information and did he do exactly everything the way his attorneys told him to? And I don't know, you know, I'm sure we'll see answers to those questions over the next, you know, six weeks or so, but that seems to be kind of how that might play out. And it's going to be an interesting argument for sure. But again, I think it goes down to the central problem of FTX for sure collapsed and how you respond to that. One other issue is that the judge did rule that the prosecution could mention SPF's political donations. And there are charges specifically related to that that will be tried in a separate trial next year. So why were those allowed in this case? So this is where we get into what has become one of the new fun parts of being a court reporter in this case is Bahamas extradition treaties. So the original indictment that Bankman Fried was charged with back in December of 2022 did include campaign finance violations as one of the charges. But because it did not appear in the charging document that the Bahamas Police Department had, there's a Bahamas National Police, something like that, Bankman Fried's defense team successfully argued that they could not bring that charge right now because he had agreed to be extradited on the first seven charges, which were wire fraud and conspiracy to commit wire fraud and conspiracy to commit securities and bodies fraud, et cetera. So what it seems like is going to happen is the prosecution is going to try and fold all of that into all the political donation stuff into the other charges, into the wire fraud charges, and say, well, you know, we have the evidence, we have the allegations, and here's what you have to look at what that means for the next trial. And, you know, you're absolutely correct. There is another trial currently tentatively scheduled for either March or April 2024, next spring, either way, where we will be going through all of this again. But a lot of that is dependent on the Bahamas. And yeah, we could probably talk about that for another hour if you wanted to. All right. Well, we'll leave that for another episode. But one thing I did want to ask about is earlier in this interview, you said that his sentence was likely to be in the range of 10 to 20 years. And obviously, you know, there's many charges and we don't know which ones he'll be found guilty of and which ones he won't. But how are you coming up with that estimate? So yeah, I should definitely be more precise there. So I personally am not a lawyer or an expert in this. I have spoken to a number of lawyers about this. And what they said is, if you have a defendant who is found guilty, so these assumption here is that he is convicted on at least one of these charges. But if he's found guilty on even several of the charges, because all of the conduct is similar, because it's all kind of identical conduct at the core, a judge, when making a sentencing determination, will basically fold all the charges into each other, right? All the conduct. And so even though each of these charges, if you look at the DOJ, press release says, oh, it contains a maximum sentence of 20 years or five years, whatever. It's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is probably be somewhere in the, you know, 10 to 20 year range. Some estimates came down as low as five years, some as many as 36 years. But they all seem to base that on just kind of the allegations, the charges themselves combined with the amount of money allegedly lost, which is more than 50 million, combined with the severity and all of that. Yeah. And so 50 million is sort of like some thresholds because I think it goes in levels of severity. Yeah. And the higher the number goes, the longer the sentence. However, that's the largest threshold, obviously. Yeah. I literally looked up the federal sentencing guidelines, which by the way, is a very confusing document. I did not understand it. So I asked someone else to explain it to me, but yeah, it's the different thresholds that you mentioned. And it starts with the, I think the thousands range and then just kind of escalates up and 50 million seems to have been the uppermost that they had. So it's 50 million plus. I think the allegation is something like 10 billion loss from FTX. So 10 billions, a hair more than 50 million. Just as many multiples. So that will probably be kind of the way they calculate it, probably. And again, this is dependent on if he's convicted on one or more charges and all sorts of stuff. Yeah. Okay. Well, we will have to see how all that plays out. Thank you so much for explaining all of this on Unchained. Thanks for having me again. Always great to talk to you. Yes. Same here. Don't forget next up is the weekly news recap today presented by veteran crypto reporter and Columbia University night budget fellow, Michael Del Castillo. Stick around for this week in crypto after this short break. Join over 80 million people using crypto .com. One of the easiest places to buy, trade and spend over 250 cryptocurrencies.
The Crypto Overnighter
A highlight from 683:Binance Exits Russia & SECs High-Stakes Terraform Probe
"Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Thursday, September 28th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we're diving deep into the intersections of law and crypto. Whether it's Binance cutting ties with Russia, the SEC's ongoing tussle with Terraform Labs, or the courtroom drama unfolding around Sam Bankman -Fried, legal battles are shaping the landscape. But that's not all. Central banks are toying with DeFi, while PayPal is making strategic crypto alliances. It's a jam -packed night tonight, folks. Let's get started. Binance sold its entire Russian business to ComEx. This move comes as Binance faces mounting legal risks in Russia. ComEx is a newly -launched crypto exchange. It offers a wide range of products, including Spot, Futures, and P2P services. Binance's chief compliance officer, Noah Perlman, stated that operating in Russia is not compatible with Binance's compliance strategy. He said they're focusing their energy on the 100 -plus other countries where they operate. Binance assured that all assets of existing Russian users are safe. The offboarding process may take up to a year. Binance will work with ComEx to migrate its assets. Unlike other international deals in Russia, Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business. Last month, Binance removed five sanctioned Russian lenders from its site. The Wall Street Journal reported that Binance was helping Russians move money abroad. This came after U .S. Justice Department investigations into whether Binance had been used by Russians to evade U .S. sanctions. Binance CEO, Chengpeng Zhao, took to Twitter to clarify some points. He said that ComEx does not service U .S. or EU users. They have IP address checks and KYC blocks in place, which was something that Binance asked for in the deal. CZ also clarified that he holds no shares in ComEx and didn't financially benefit from the deal. CZ also mentioned that some former Binance team members from the Commonwealth of the Independent States may transition to ComEx. He thinks that's a good thing. The sale of Binance's Russian unit to ComEx is a significant move. It speaks volumes about the regulatory landscape crypto businesses are navigating in. Binance's decision to exit Russia is a clear sign that the exchange is taking compliance seriously, especially in the face of U .S. sanctions and ongoing investigations. This could be seen as a strategic retreat to focus on markets where the regulatory environment is more favorable. CZ's denial of ownership in ComEx is noteworthy. It dispels rumors and adds a layer of transparency to the deal. The fact that ComEx will not service EU or U .S. users is also significant. It shows that the new exchange is taking a cautious approach to compliance, likely to avoid the pitfalls that Binance itself encountered. The offboarding process for existing Russian users will take up to a year, which raises questions about the logistics and security of such a transition. That's a long window that could be exploited if not managed carefully. The absence of an ongoing revenue split or a buyback option in the deal indicates that Binance is cutting ties with Russia in a very final manner. This isn't a temporary measure, but a calculated exit. It's clear that Binance is tightening its compliance strategy. They're exiting a market fraught with legal risks to focus on more compliant operations. Even giants like Binance have to play by some rules or at least know when to exit the game. All right, you've just heard about Binance's tactical exit from Russia, a development that cannot be ignored. Compliance is the new battlefield and it's reshaping the crypto world. But while Binance is navigating Russian law, let's pivot to U .S. shores where another legal battle is simmering. Make sure to hit that like button and subscribe to stay updated.
SI Media Podcast
A highlight from Andrew Marchand on MNF, McAfee, Swift/Kelce Coverage & More
"Sick of paying $100 for groceries and getting nothing but eggs, orange juice, and a paper bag? Then download the Drop app. Drop lets you earn points with your everyday shopping and redeem them for gift cards. Want a free dinner with those groceries? Drop it. How about daily lattes? Drop it. So download Drop today and get $5 just for signing up. Use invite code getdrop777. How rude, Tanneritos. A Full House rewatch podcast is here. Join us as hosts Jodie Sweetin and Andrea Barber look back on their journey together as the iconic characters we all love, Stephanie Tanner and Kimmy Gibbler. Here's a quick preview brought to you by the Hyundai Tucson. We spent our entire childhoods on a little show called Full House, playing frenemies, but becoming besties whenever the cameras weren't rolling. And now 35 years later, it's our biggest adventure yet. You can listen to How Rude Tanneritos on the iHeartRadio app or wherever you get your podcasts. Brought to you by the Hyundai Tucson. It's your journey. Welcome, everyone, to SI Media with Jimmy Traina. Thank you so much for listening. The usual periodic check in with Andrew Marchand from the New York Post this week. He joined the pod to talk about a variety of topics in sports media. We get into the ABC ESPN Monday Night Football staggered star double headers. We get into how ESPN and the ESPN and Pat McAfee marriage is going. Deion Sanders stuff. How the media has handled Taylor Swift and Travis Kelsey. What's going on with WWE and Monday Night Raw most likely looks like it's going to be on the move. Andrew had some stuff on that. A couple of things about local New York radio. So a bunch of sports media topics with Andrew Marchand on this episode. And then Salicata joins me as he does every week for our train of thought segment. Where we get into some NFL things about the Eagles. Should the NFL ban the Eagles one yard play. Joe Namath and Lou Holtz making headlines. Get into these ridiculous prop bets on Taylor Swift and Travis Kelsey. And Sal has a rough Sunday coming up. So if you're a fan of the train of thought segment, you'll want to hear that. Before we get to the full episode. I want you to make sure you listen to past episodes. If you've missed any and make sure you subscribe to us. I media Jimmy trainer. We've had a great run of guests. Kevin Clark from ESPN was on the show last week. Scott Hansen hosted the NFL Red Zone channel two weeks ago. Julian Edelman three weeks ago. Charles Barkley, Peter Schrager, Chris Russo, all recent guests. So if you missed any of those, give them a listen, download, subscribe to the pod and leave a review on Apple. We'll read it on an upcoming episode. All right. Andrew Marchand from the New York Post, followed by Salicata and train of thought. It's all coming up right now, right here. On S .I. media with Jimmy trainer. All right, training me now. S .I. media podcast regular. This periodic visit from the New York Post. And the March and Iran podcast is Andrew Marchand. Andrew, how are you? I'm good. How you doing, Jimmy? I'm good. I just realized I didn't put my phone on do not disturb. So I'm going to do that as we speak. And I'm going to let you know that I had a reader last week for my mailbag column on S .I. com, send it an email and said, when is Marchand's next appearance? So here we go. You made someone happy. Thank you that person. You made someone happy by coming on today. Let's start with this. A lot of media news to get to. Have you heard anything from ESPN or do you have any intel about how they feel about the last two weeks? How the staggered Monday Night Football doubleheader has gone? Because I've gotten a lot of emails and tweets about it. I'm sure you have as well. Yeah, I haven't talked to anybody specifically about how they feel about it. I mean, it is an NFL decision. ESPN is not in control of how those games are scheduled. Maybe they have some say, but it's the NFL decision. Yeah, I don't like it. Actually, in our podcast with John, it was my who's down this week. And the reason I just feel like I kind of said this on our part, it's too it's like having two quarterbacks and you have none. Right. And now if you have Joe Montana and Steve Young, there are two awesome games. Maybe that'd be better. But I just find my attention split and I don't know. And even at like halftime, I wouldn't recommend you go to the other game. Like I get what they're trying to do there, but it's not the NCAA tournament. And usually it's in like the second quarter, third quarter. So I personally don't think it really works that well. Now, I think they want to avoid I'm not positive, but I think they want to avoid that 10 30 late window. We used to get the Monday night and you get the, you know, crazy crew, either Chris Berman or Golick and Greenberg, you know, some of those crews back in the day. They probably don't want that late night game where, you know, you're losing that East Coast audience if it gets too late. But I don't know. I don't think this necessarily works. See, I like it. And what are the tweet? What are the tweeters say? Most people seem to not like it. Yeah. And why do you like it? The more the merrier. Give me as much football as possible. If I can watch eight games at one o 'clock on Sunday and four or five games at four o 'clock on Sunday, I can handle two games on Monday night. So, you know, I have two TVs. I put one game on each TV and two is better than one for me. That's just how I feel. Yeah, I've been a little running around these last couple of Mondays when this happened. So I may be a little bit, you know, my opinion skewed a little bit by that. It hasn't just been like I'm just chilling and watching, been running around a little bit. So perhaps that's, you know, maybe I could be swayed. I will say, you know, I don't know. This is a whole separate discussion. I would love to know your take on this, but I always feel like it's a little tough sometimes to criticize people in this podcast when I also have to book this podcast. So I try to be careful. Yeah, I notice you're very soft. That's what you're trying to say. Sometimes. So I'm sure this guy will never come on again, but they gotta do better than Chris Fowler on the secondary game. Just not, it's just not working. Chris is not a great play -by -player. Right. He was a great host, studio host. Can I say one thing? Yeah. He's on tremendous tennis. Like I watch the U .S. Open every single day. I think he's great on tennis. It's football where it's just something feels off. Well, tennis is also slower. And like you look at people who do really well at the slower sports. Like, you know, Jim Nantz is better than Chris Fowler, but Nantz is really his best thing is golf. And I think he's an OK NFL play -by -player. And at the end of his college basketball run, he was definitely, I don't know, OK is probably, you know, he was OK there as well. And I think if you look at Fowler and his history, now he's been doing play -by -play for a while now. And he has gotten better. Like when he first started on the number one crew, I mean, if I were covering it then, that would not, I probably would not have been that kind. Because he has gotten better, but it's not really good enough. And he's the rare case, I think with Herb Street, that Herb Street makes him better. Usually it's the play -by -player who makes the analyst better. And yeah, I think you're right. And I also think, you know, in fairness to Fowler, you know, ESPN put that crew together. They replaced Levy there and they had a year or two under their belt together as a team. And, you know, not the full team, but him and Riddick, Levy and Riddick, and then Jadolowski. And I think they kind of don't, they underestimate chemistry. It takes time to build it up. And so I think that hurts. And he just, he's a college guy too. It's hard just to come into the NFL. I know he, you know, he's talked how hard his schedule is with the U .S. Open. And then, you know, doing a game a couple days later. And then doing a college. And so, you know, that's hard. And so, yeah, he's not a tremendous play -by -player. To me, this is just me, it felt like when ESPN gave him that gig, it was more about ESPN trying to impress the NFL. Like, look, we have our number one college game. Like you had said earlier, the secondary Monday night game for years was, you know, Golic and Greenberg and Chris Berman with a cast of character. Rich Ryan did it one year. I think this is ESPN trying to say to the NFL, because now they have a Super Bowl and they have this big contract. And, you know, they brought in Buck and Aikman. Like, we're serious, we're going to take our, regardless of what you think about Fowler, he's their lead college guy. So, I feel like they're like, oh, look at us, we're putting the lead when, you know, that. Yeah, I think they screwed up and I think they know they screwed up. I think that they ended up shifting who was in charge of the NFL. It was Stephanie Drewley. And they moved her off the NFL after, you know, I think that didn't help her cause in terms of staying on the NFL. I think they were satisfied with Levy. He was a good guy, which they value. After they brought in Joe Buck, he was very gracious. You know, Levy's a very good hockey guy, especially studio host. I thought he could have, you know, could have been the pregame show on Monday Night Football. He's in, again, not their, in my opinion, they had other people who are better play -by -players for football, but it was good. Like, so, yeah, I don't think it was to impress the NFL. They got Joe Buck and Troy Aikman. They got the Mannings. I mean, they spend, they're spending 50, 60 million dollars a year on their booths. Like, I don't think the second team booth is gonna, you know. If anything, I think it was, there was a thought before Buck and Aikman that Fallon and Herb Street might get the NFL. Might get Monday Night Football. Might get the potential Super Bowl. And then this is kind of a carrot since they didn't get it. But I'd argue, and I even talked to Chris Fowler about this. So, I don't know if this is the case. I just don't know if, I mean, Chris Fowler does the national championship. He does the biggest college game every week for Disney. I can't, like, I get it. Maybe he wanted to do NFL. But is this really gonna satisfy him because you're doing a second game, which generally aren't that great? I don't, I don't see that long -term, personally. And I think also, strategically, if I'm ESPN, I'm putting a young play -by -player. Now, Joe Buck, we both think it's great. Like, he and Ian Eagle are the best two play -by -players going right now. And, um, but, Joe Buck's contract's up in a couple of years. If I'm ESPN, and I, you know, I think they'll probably re -sign Joe Buck, and they should. That said, he makes a lot of money. And, you know, I would be saying, who can I develop? What young guy can I develop? So when I go into that negotiation, I really have somebody who's on the rise. And I can say, hey, look, you don't want this, you know, the 15 million a year? Then we'll go here, you know? But if you start demanding, I'm not saying this is going to happen, but, demanding even more and more money, I'd want an option. I don't think they've created an option. They've actually put somebody in that spot who they've already said they'd rather spend 15 million dollars on Joe Buck than have Chris Fowler as the lead play -by -player. So, I just think negotiation -wise, and strategically, in terms of saving money, it wasn't a great decision. Yeah. I don't understand the insistence on the three -person booth, either. They had Fowler, Greasy, and Riddick. Excuse me, excuse me. Levy, Riddick, Greasy. Now it's Fowler or Lofsky, Riddick. To me, that, and, Fowler's used to a two -person booth with Herb Street. They have Buck and Aikman, which is a two -person booth. I don't understand the insistence on the three -person booth. It's just, for football, it just, I don't get it, but, that's just my - It complicates, it over -complicates it. Yeah. And like you said, chemistry. I think it's much harder to develop a chemistry with three. I mean, you know, the local Mets situation is different with Gary Cohn, Ron Darl - Is it in baseball, is it football? What three men, can you name - I mean, I guess back in the old Monday Night Football days, there were three men booths that had - Yeah, Collinsworth and Aikman with Buck that one year. Yeah, one year it lasted, you know. So, I don't know. But, there's no more staggered double -headers. The next one is week 14, and both games will start at 8 -15. I think that's the one that's going to piss a lot of people off. But, that's a long way down the road. You got the two TVs. Yeah. I asked you if ESPN, how they feel about Monday Night Football. Anything you've heard about how they feel about their new partnership with Pat McAfee. I mean, it's early, but they're bullish on it. I mean, they've kind of handed the keys to the network to McAfee. I mean, you can't - it's kind of like Stephen A. now. You can't really turn on ESPN almost every day except basically Sunday without seeing Pat. And so, you know, I think initially the ratings weren't that good. I think they got a little better in terms of the TV ratings. I think that kind of makes some sense because if you think about it, he was a YouTube show. Yeah, he's got to play for TV. Yeah, and he's still a YouTube show. Well, it is a play for TV because they think that they had Max in there before. They think that the ratings will be high enough that they'll be able to charge more for the ad rates. I guarantee you the money they'll make off of McAfee on social media and YouTube will be 8 billion times more than the money they made off Max Kellerman on social media. Oh, 100%. No, you're right. No, you're right. There's no doubt about that. And look, they want to get, I will say this, like, does it work? I think a lot of times when companies make big moves, you know, big time moves, a lot of times they make those moves when the person's kind of towards the end, you know, they got McAfee on the rise. Like, you know, we, you know, you and I have been aware of McAfee for years now, but he's really like, you know, here, I don't think he's at the plateau, you know, where most people go up and then they plateau and then they go down. He's at, he's still, I think, going up and then maybe the plateau is on the horizon and you can plateau for 20, 25 years if you have the right attitude and personality and just have the right act. So that's where I think that makes a lot of sense as a bet because it's not, I'll hit one close to home, Rick Riley leaving ESPN. I mean, leaving SI for ESPN where, you know, Rick Riley is one of the great columnist ever, but at that point, you know, whatever, maybe it was the internet, I don't know exactly. It just didn't really work as well at ESPN as it did at SI. And so I just think they've done that and that's kind of, you know, teams do that in sports and I think sometimes networks do that. And so I feel like signing McAfee in his mid -30s is kind of like signing a baseball free agent who's in his mid -20s and I think that's what you want to do as opposed to getting a, signing a 35 -year -old and, you know, thinking they can still play, you know, like, I don't know, like a Josh Donaldson, maybe trading for someone like that, Jimmy. You see what I did there? I don't need reminders of the horrific Yankee season. I just did that on purpose. I don't need that. My head was going, who am I going to say? All right, yeah, Josh Donaldson, but it was a treat. Just a, yeah, you want me to say Brian Cashman should be fired. It's amazing too, they replay that. I didn't know this was going to be the situation going into it, but they replay the show as soon as it's over, I think, on ESPN 2 and then they replay it at night on maybe ESPN News or one of their, what you said about if you're going to put on one of the ESPNs at any point in the day, you're going to see Pat McAfee. Yeah. So that's good for him. Like I, you know, people feel like - But I also think, ESPN has to be, they have Aaron Rodgers on their air every week. It's a news making thing that's on their air every week. They've got Nick, he's got Nick Saban on his show every week. Yeah. That's a news making thing every week. I would think ESPN has to be, forget the numbers because the numbers, I think, will be there. It's still a new thing. You have, the ESPN audience is older, the McAfee audience is younger, it might take some, but I would think ESPN just on the brand and the cachet of that show has to be thrilled. I think so. I mean, but if you talk, like I have, again, I'll probably make some calls here in the near future, but so I haven't talked specifically with anybody about that. But generally speaking, when these things first start, everyone loves it. So then we'll see. Again, I'm not saying, I could see it either way. Like, you know, McAfee has not really stayed at any of these, throughout any of these contracts he's had. So that's something to watch. Maybe this one he does, but that hasn't been the case previously. So that is something. I think the fact that he's on game day has to help the relationship there a little bit with ESPN. Here's the thing about McAfee. If you're managing him, in my opinion, and it's like Casey Jones, the former coach of the Celtics, was known for just throwing out the ball and telling McHale, Parrish, and Bird to go play, Dennis Johnson. At least that's how I remember as a kid. That was his reputation. And I think McAfee is sort of like that. Just give him the ball, let him do his thing. He's not looking to, you know, for some strategy. Let's, you know, triangle offense. He's not looking for that. He's looking for, let me do my thing. I know what I'm doing. And the thing about McAfee is he's very smart. Like, I know he plays this, like, he's not smart thing. It works very hard. He works hard and he's very smart. He's very savvy. He acts as if, like, you know, maybe he's, you know, just a dumb jock. But he understands the media business very well. We need, we need to discuss the Kelsey Taylor Swift thing because I actually think it's a legitimate media story. If Fox is going to get these increase in their demographics of the female audience, the young people, the NFL has gone all in on this thing. I mean, they changed their Twitter header to, like, a Taylor Swift thing. They're putting out Travis Kelsey Swiftiest plays on their social media. He's gained, I guess, a ton of followers, the jersey sale. Let me start with this. How did you think Fox handled it on Sunday when she was in the stadium? Do you think they overdid it? Do you think the fact that they had an unwatchable game takes them off the hook? What was your take on the Chiefs -Bears on Sunday when she was there? I think the second part, and I wouldn't take them off the hook, but I think the second part, you have an unwatchable game that you had to switch most of the country out of because it was so non -competitive, that you have Taylor Swift there, it's a big deal. And, you know, there's a lot of Taylor Swift fans who are football fans, a lot of non -Taylor Swift fans who weren't watching that game, but it was a talking point, right? Like, I saw Taylor Swift in the concert this summer, but that was kind of - Look at you! Yeah, how do you like that? Look at you! You couldn't even get tickets. Big shot. Where'd you get tickets? My daughter's friend just won the lottery. No shenanigans. Oh, really? Tickets were $235 each, which is still a lot of money, but not, like, $1 ,000. And it was just kind of happenstance, how I ended up going. I was going to say, if your daughter's friend got tickets, how did you end up at the era's tour? I mean - Were you, like - It's just a long drive to get to the metal lands, didn't want them driving back. They're older, they can drive, but at, you know, one o 'clock in the morning from Taylor Swift, so - But you were in MetLife and watched the show. Yes. Friendship bracelets? Well, you want to know something funny? This is a good one. So, my daughter's friend said to me, do you want a - do you want a jewel? And I'm like, no, no, no, I'm okay. Thinking she's saying a jewel, like a jewel, smoke. But she was saying, like, to, like, get bedazzled, a little jewel, which I would have taken. So later, I was like, I told my daughter, I said, but your friend, she said she asked me if I wanted a jewel. She's like, no, no, she didn't say you wanted a jewel. She said, do you want a - a jewel to put some ju - you know. Right. I didn't have any bracelets, but I was into - I liked Taylor Swift. I wouldn't go again. I kind of felt bad being there, because there's people who give their left arm to be there. But it was - look, she is an unbelievable performer. I mean, it was - you could - first of all, I liked some of her songs. Secondly, the level of performance. It was just, you know, it was an A+. I mean, that - that - and that is something, even if you didn't like her music, you can appreciate it. And also, I appreciate it if I had to go to the bathroom. Easy pass right in there. No one. Right. No one's leaving their seat except for people like you who aren't in it. Yeah, and especially, yeah, and more skewed women.
The Crypto Overnighter
A highlight from 682:SECs Power Struggle: Congress, ETF Delays, and a Pivotal Hearing
"Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Wednesday, September 27th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we're diving into the SEC's ongoing tango with the crypto industry. From Gary Gensler's controversial stance ahead of a congressional hearing to the SEC's foot dragging on Bitcoin ETF approvals, the regulatory landscape is becoming a battleground. And don't think Congress is sitting idle. They're stepping into the ring, demanding answers and action from the SEC. Buckle up, it's going to be a rollercoaster of a night. US Securities Exchange Commission Chair Gary Gensler has been vocal, and his recent statements ahead of a congressional hearing are stirring the pot. Gensler testified in front of the House Financial Services Committee, and we're going to get to his testimony in a bit. He's holding fast to his stance that most cryptocurrencies and crypto firms fall under federal securities laws, laws that, mind you, have been on the books for decades, according to his testimony. Gensler's view is a direct challenge to the crypto industry's ethos of decentralization and financial freedom. He likens the current state of the crypto market to the 1920s, before federal securities laws were in place. A comparison that's not just a stretch, but a leap back in time, ignoring the innovative nature of blockchain technology. Again, during his testimony today, he reiterated his belief that Bitcoin is not a security. He stopped short of saying that Bitcoin is a commodity. When he was asked if he believes that Bitcoin is a security, Gensler responded that he, the SEC staff, and prior chairs have said that it does not meet the Howey Test. However, he was reluctant to say that Bitcoin was a commodity during a follow -up question. When talking about Bitcoin's categorization, he said, quote, the test is otherwise for other laws. Again, refusing to answer the question. Gensler is not without his critics. Patrick McHenry is the chair of the House Financial Services Committee. He was the one asking questions about Bitcoin and receiving non -answers in return. McHenry accused Gensler of lacking clarity, and McHenry's point is valid. How can you punish digital asset firms for not adhering to laws when it's unclear if those laws even apply? It's like being ticketed for speeding when there are no speed limit signs. On the other side of the aisle, some Democrats like Maxine Waters are siding with Gensler. They believe that existing securities laws can work for crypto firms, but let's be real. This isn't just about regulation. It's about control. The government wants a piece of the crypto pie and they're using outdated laws to stake their claim. The House Financial Services Committee has advanced two bills. One aims to transition a digital asset from being a security to a commodity. The other looks to regulate stable coins. Both are clear indicators that lawmakers are scrambling to catch up with an industry that's already miles ahead. While Gensler was testifying, crypto entrepreneurs were in Washington for Coinbase's Stand With Crypto Day. They met with lawmakers and discussed how crypto is creating jobs. It's a counter narrative that needs to be heard, especially when the SEC is painting the industry as the Wild West. The SEC, under Gensler's leadership, is pushing for crypto compliance based on antiquated laws. That not only stifles innovation, but also contradicts the very principles that make crypto a beacon of financial freedom. And as the government tries to rein in the crypto world, the industry is fighting back, making it clear that they will not be easily tamed. Gensler's testimony is a pivotal moment for the crypto industry. His unwavering stance that most cryptocurrencies should be regulated as securities is a red flag. It's a philosophical clash with the ethos of decentralization that many in the crypto community hold dear. Gensler's comparison of today's crypto landscape to the 1920s is a thinly veiled warning. He's essentially saying that the crypto industry is a Wild West that needs taming. Now let's not forget, the crypto industry isn't Wall Street. It's a new frontier with its own set of rules and innovations. But Henry's criticism of Gensler is noteworthy. It reflects the frustration that many feel about the SEC's unclear guidelines. How can crypto firms comply with laws that aren't explicitly defined for them? It's like being asked to read a book, but the pages are blank. The advanced bills are a mixed bag. While they offer some regulatory clarity, they also paved the way for more governmental oversight, which could stifle innovation. As we unpack the SEC's heavy handed approach, it's clear that the regulatory web around cryptocurrencies is tightening. Gensler's testimony is sure to fan the flames of the ongoing debate on governmental control versus financial freedom. But folks, this isn't the only arena where the SEC is flexing its muscles. The SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX is emblematic of the same regulatory hesitance. It's a systemic issue. The SEC's rationale, market manipulation and weak investor protections. But as many of you know, the real crux of the matter is control. The same control that the government is keen on exerting over the broader crypto space. And let's not overlook the timing here. While Gensler prepares to defend his stance in Congress, the SEC is simultaneously delaying decisions on Bitcoin ETFs. And why? All under the shadow of a looming government shutdown, adding another layer of complexity to this regulatory maze. And it's not just individual critics or lawmakers putting the SEC under the microscope, it's the entire crypto industry who is watching and waiting. Which brings us to the SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX. Another chapter in the ongoing saga of regulatory hesitance and it's happening as the US government teeters on the brink of a shutdown. ARK21 shares and GlobalX had their hopes dashed when the SEC pushed back its decision deadlines. ARK's new deadline is January 10th, while GlobalX has until November 21st. This isn't the SEC's first radio. They've got 240 days to make a call after starting a review. But this time they've acted well before their interim deadlines. Why the rush? That looming government shutdown might be the culprit. ARK Investment Management and 21 shares have been in the game since 2021. They faced SEC rejections before. GlobalX is a newer player. They aim to offer investors a safer way to get Bitcoin exposure, but the SEC isn't biting. True to form, they cite market manipulation and weak investor protections as the reasons for their reluctance. Now, a federal court recently called the SEC arbitrary and capricious in its ETF decisions. Despite this, the SEC is continuing to drag its feet. ARK's CEO, Cathie Wood, expected this delay. She believes the SEC will approve multiple Bitcoin ETFs at once, if at all. Meanwhile, the SEC is also reviewing applications from big names like BlackRock, Fidelity, VanEck, and Invesco. ARK21 shares was leading the pack, but now it's anyone's game. The SEC's hesitance is a sign of the regulatory uncertainty that's stifling innovation in the crypto space. And as the government faces a potential shutdown, this regulatory limbo could extend even further. So really, this shutdown could not have come at a worse time. But shutdown or no shutdown, the SEC has been dragging its feet on crypto for years. So let's be real. This is less about protecting the investor and more about maintaining control over a financial system that's rapidly evolving without them. The recent court ruling that called the SEC's past decisions arbitrary and capricious is a signal that their time of unchallenged authority is coming to an end. Cathie Wood expects more than one Bitcoin ETF to get approved eventually, and she's probably right. The SEC can't hold back this tide forever. And they need to be careful because first mover status brings a huge advantage in this kind of market. The delay might be frustrating, but it's also a sign that the SEC is feeling the heat. They're running out of excuses and with each delay, they're losing more credibility. So while we wait for the SEC to make up its mind, the crypto community gets stronger and the traditional financial system gets a little more nervous. The clock is ticking and it's not in the SEC's favor. While the SEC continues to drag its feet on Bitcoin ETF approvals, citing concerns that many in the industry see as smokescreens for control, it's not just the investors and financial firms that are losing patience. The political arena is starting to bubble with dissatisfaction and it's coming from both sides of the aisle. In fact, recent court rulings and bipartisan demands indicate that the SEC's longstanding resistance to crypto innovation is reaching a tipping point. Lawmakers have decided they've had enough of the SEC's hesitation and are now stepping into the ring guns blazing. And trust me, they're not missing words. A bipartisan group of lawmakers urged Gensler to approve the listing of spot Bitcoin ETFs immediately. This comes after that court ruling we were talking about involving Grayscale Investments. Grayscale secured a win when three judges in the US Court of Appeal ruled that the SEC had to re -review its bid for a spot Bitcoin ETF. This was after Grayscale sued the SEC for rejecting its proposal. This exposed the SEC's double standard. The court specifically addressed the SEC's differential treatment of spot Bitcoin ETFs in similar funds based on futures contracts. The lawmakers argued that a spot Bitcoin ETF is indistinguishable from a futures Bitcoin ETF. The lawmakers in question are representatives Mike Flood, Tom Emmer, Richie Torres, and Wiley Nickel. They argued that a regulated spot Bitcoin ETF would increase investor protection by making access to Bitcoin more transparent and safer. They sent a letter to Gensler, stating that Congress has a duty to ensure that the SEC approves investment products that meet requirements set out by Congress. During Gensler's testimony today, McHenry did not mince words. He called out Gensler's lack of responsiveness as unacceptable, which is funny because the SEC, the very agency tasked with enforcing transparency, is itself under fire for being opaque. The irony is palpable. McHenry's frustration isn't isolated. It's part of a broader sentiment that's been building up for months. The SEC has been aggressive in its enforcement actions against various crypto entities. Yet it's the same agency that oversaw one of the largest financial crimes in U .S. history, and within the crypto industry, no less. Congress wants answers, and they want them now. They specifically targeted Gensler's communications with FTX. McHenry said, quote, "'You refuse to be transparent with Congress regarding your interaction with FTX and San Bankman Free.'" Now, this is crucial. FTX was a major player in the crypto space, and any interactions between it and the SEC could have far -reaching implications. I remember back then that people were accusing SBF of setting things up with the SEC to be more favorable to FTX than the competition. McHenry revealed that the committee made multiple requests for documents from the SEC. Seven months pass, they've received zilch. Not one single non -public document. McHenry's patience is wearing thin, and he's made it clear that the SEC is not above the law. McHenry is calling for a path forward, one where the SEC is responsive to congressional requests. If not, they're looking at the first congressional subpoena issued to the SEC. This showdown is a reflection of the growing distrust between regulatory bodies and those who hold them accountable. And let's not forget, this is happening in the backdrop of a crypto industry that's already skeptical of centralized authority. McHenry's ultimatum to Gensler is a significant moment. It's a challenge to the SEC's authority and a call for greater transparency in an industry that values it above all else. The ball is in Gensler's court. Will he play or will he forfeit? Either way, the crypto community will be watching closely. The SEC has been all too eager to slap lawsuits on crypto companies. Yet when it comes to their own dealings with FTX, one of the industry's major players, they're as tight -lipped as a sealed vault. What are they hiding and why is it taking a congressional threat of a subpoena to get some answers? McHenry's frustration is palpable and frankly justified. The SEC is supposed to be accountable to Congress and by extension, the American people. Their lack of responsiveness is not just unacceptable, as McHenry puts it, it's a breach of public trust. And let's not forget the irony here. The SEC, which has been so keen on enforcing transparency in the crypto world, is itself becoming opaque. This isn't just hypocrisy, it's a red flag. If the SEC can't be transparent about its interactions with FTX, how can we trust them to regulate an industry that's all about decentralization and transparency? The bipartisan push for immediate approval of Spot Bitcoin ETFs is a significant development. It's not just a win for the crypto community, but it's also a slap in the face for the SEC. The agency's inconsistent stance on Bitcoin ETFs has long been a point of contention. The court ruling in favor of Grayscale adds legal weight to the argument that the SEC's current position is, in fact, untenable. What's even more intriguing is the bipartisan nature of this push. In an era where political divisions run deep, the united front from both sides of the aisle speaks volumes. It suggests that the benefits of a regulated Bitcoin ETF, increased transparency and investor protection, are universally acknowledged. As I have long said, if crypto becomes a left versus right issue, both sides will lose. So it's good to see the left and the right working together on something for once. The SEC's reluctance to greenlight Spot Bitcoin ETFs is a blockade on financial innovation. This is especially glaring when you consider that futures -based Bitcoin ETFs have already received a nod. This differential treatment is not only consistent, but also discriminatory. Gensler's oversight hearing was a pivotal moment. The lawmakers are not just asking for explanations, they're demanding action. And given the court's ruling and the mounting pressure from Congress, the SEC might finally have to yield. This is not just about one type of financial product. It's about the broader acceptance of cryptocurrency in the financial ecosystem. A Spot Bitcoin ETF could serve as a gateway for mainstream investors, making it easier for them to enter the crypto market. And let's not forget, easier access means more capital inflow, which could significantly impact Bitcoin's value, and by extension, the entire crypto market. So what happened? In the showdown between Gary Gensler and Patrick McHenry at the House Financial Services Committee, the SEC's stand on regulating most cryptocurrencies as securities collided head on with the crypto industry's ethos of decentralization. Gensler likened the crypto landscape to the 1920s, a comparison met with skepticism and criticism. The SEC extended deadlines for Bitcoin ETF applications from ARK21 shares and GlobalEx, citing market manipulation and investor protection. But let's call it what it is, another play for control. And this comes amid a looming government shutdown, adding another layer to an already complex regulatory landscape. A bipartisan group of lawmakers is pushing back against the SEC's hesitance on approving Spot Bitcoin ETFs. This comes hot on the heels of a court ruling in favor of grayscale investments, adding legal weight to the frustrations with the SEC's inconsistent policies. Lastly, McHenry's calls for transparency in the SEC's dealings with FTX and other crypto entities culminate in a broader sentiment of distrust. He made it clear that the SEC's lack of responsiveness is unacceptable and even threatened the congressional subpoena. The overarching theme tonight is the intensing struggle for control and clarity between the SEC and the crypto world. On the one hand, the SEC is holding fast to ancient regulations that don't align with the ethos of the crypto industry. On the other, Congress and the courts are increasingly pushing back, demanding answers and more rational policies. This power struggle is affecting everything from how digital assets are classified to the approval of new financial products like Bitcoin ETFs. This regulatory tussle dictates the rules of the game, affecting your investments, your financial freedom and the future of the crypto industry itself. The struggle is far from over and each move has consequences that resonate throughout the crypto community. As we wrap tonight, it's clear that we're at a crossroads. The decisions being made by these institutions will either open new doors for the crypto industry or erect walls that stifle innovation and financial freedom. What's certain is that Congress is paying close attention to Gensler and exerting pressure on him to act soon, for better or worse. And that's going to do it for us tonight. I want to thank you, my listeners, because when you stop listening, I will stop talking. If you enjoyed tonight's show, then please like, follow, subscribe, leave a rating or maybe a review. And in the meantime, we'll see you tomorrow night. See you next time.
Dennis Prager Podcasts
A highlight from Meaner
"Hi everybody, welcome to The Dennis Prager Show. There are a couple of articles, interestingly, at the same time on a question that is worth discussing. And that is, David Brooks of the New York Times had a long piece in the Atlantic and there was another one before that and also in the Atlantic as it happens. Which is on the left but the subject is, the thesis may be on the left but the subject is not left or right. And the subject is, are Americans becoming meaner? Have you thought about that? Does that strike you as a phenomenon that's taking place? For example, the number of people kicked off airplanes for rowdy behavior, for screaming, shouting, cursing, is much more than it was in the recent past. Yeah, I think people are becoming meaner. You think people are becoming meaner? I think there are lots of reasons for that. Yeah, well that's the issue. So there are two issues. Are people becoming meaner? And if so, what would the reasons be? And sense I it too. The ease with which I see people on the road flipping off other drivers, for example, especially younger people, though I think the phenomenon is more widespread. You know, I've traveled, as many of you know, I've been to 130 countries. I've traveled abroad every year of my life since I was 18, except for 20, was it 20, 21? 20. Or 20, 20? 20, 20. 20, 20. I even went, yeah, I even went to East Europe in 2021. It was not easy to travel on. So I had developed a certain sense, and it may be completely erroneous, I don't claim that it's infallible, but I did develop a certain sense of the world's friendliest people. And I've always included Americans on that list, and very many Americans remain, of course, quite friendly. But there's a sense of tension out there, and it's hard to put one's finger on it. I'll tell you one thing that may be related and may not be, because there was yet another article that I was reading, and that is with regard to service by the airplane or airline industry, that they're shifting as much as possible to artificial intelligence chats, which I find, personally, I find useless. Some airlines have abandoned human interaction completely, which is, by the way, another subject that I will cover. I doubt many listeners know this, but the only example I remember in my life of being for government intervention as opposed to non -intervention with regard to business was the airline industry. It was done, I believe, under Ronald Reagan, and I did not believe… Oh, it was Jimmy Carter, yeah? Well, at least it shows that I wasn't partisan in my outlook. But of course, the conservatives supported it, and I totally understand why. You don't want to regulate industry. But I remember thinking, if the airlines start competing solely on price, then I don't know how the excellence of the airlines will not be diminished. Do you ever see, for example, do you see… I don't watch TV, so are there airline ads on TV? Are you aware? You know, Fly American, Fly Delta? You don't watch TV either. Zach, you live in front of the television. Right, so are there airline ads, Fly Delta, Fly American? Yes. There are? That's fascinating. I wonder why, because in so many cases you have no choice. I mean, those of you listening in St. Paul and Minneapolis, Twin Cities, if you don't fly Delta, essentially you drive to a city that you can have some options for. seats So the got crampier. They no longer serve meals. It's very, very hard to get somebody on first try if you call in to the airline, and that's because everything is devoted to the bottom line. Now, I don't lose perspective. I know how lucky I am that I fly first class, and my height I have essentially no choice. But I was on that… when was it on? Which airline? Oh, JetBlue, yes. I flew JetBlue from Fort Lauderdale to L .A. Saturday night. And room the in the first row, which has always had a lot of rooms, the bulkhead in first class, it was a little more than the somewhat roomier seats in coach. And the flight attendant was very open. She said, oh yeah, they reconfigured the plane, so there's just less room in the seats. This was first class. Because you make more money if you sell more seats. It's obvious. So, back to the issue of the meanness, and the many articles about it. The question is why, if it is happening, and if it is, that's a very, very bad sign in America. How America got mean is the article. And it begins here, in a culture devoid of moral education, generations are growing up in a morally inarticulate, self -referential world. his So, theory is they're not taught to be an ethical human being. Well, ethical is not the same as nice. You could be not nice and ethical. So, he calls it morally or inarticulate, self -referential world. Over the past eight years or so, I've been obsessed with two questions. The first is why have Americans become so sad? The rising rates of depression have been well publicized as have the rising deaths of despair from drugs, alcohol, and suicide, but other statistics are similarly troubling. The percentage of people who say they don't have close friends has increased fourfold since 1990. The share of Americans ages 25 to 54 who weren't married or living with a romantic partner went up to 38 % in 2019 from 29 % in 1990, a record high 25 % of 40 -year -old Americans have never been married. So, one out of four Americans 40 years old have never been married. I've reported on that. These are data that I have given you over the course of the past year. The percentage of high school students who report persistent feelings of sadness or hopelessness shot up from 26 % in 2009 to 44 % in 2021. Do you remember in high school having persistent feelings of sadness or hopelessness? No. I was talking to the usual teen. No, the usual teenage angst, of course, but this is persistent feelings of sadness or hopelessness. Yeah, I don't think we were atypical in that way. My second question is why have Americans become so mean? I was recently talking to a restaurant owner. That's exactly whom to talk to, restaurant owners. He's right, back in a moment. Natural disasters, airline cancellations and runway near misses, supply chain issues, inflation, rising interest rates and sky high government debt. This is Dennis Prager for AmFed Coin and Bullion. There's a lot in the news about what consumers cannot control. So, let's talk about what you can control. You can control how you choose to invest and protect your wealth. That's why I choose to do business with Nick Grovitch and his company AmFed Coin and Bullion. They pay time to own tangible assets like gold, silver and platinum with over 41 years experience and tens of thousands of satisfied clients. Nick will help you make informed decisions and show you smart choices which have been proven winners time and time again. AmFed Coin and Bullion will sell you the right types of precious metals to get the maximum value for your money. Take control of your investments like I did. Call Nick and his team at AmFed Coin and Bullion at 800 -221 -7694. Americanfederal .com. Americanfederal .com.
The Crypto Overnighter
A highlight from 681:Shutdown, SEC Woes, Bitboys Scandal & Binances Regulatory Ballet
"Good evening and welcome to The Crypto Overnight -er. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Tuesday, September 26, 2023. Welcome back to The Crypto Overnight -er where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. But before we get started, I'm going to apologize in advance. Autumn is my absolute favorite season and the weather is just turning where I live. So while I'm recording this, I have the windows open to listen to the rain outside. If the sounds of the rain leak into the podcast, sorry not sorry. It's my favorite weather. Tonight we delve into the high -stakes game of regulatory chess. From a looming U .S. government shutdown that puts crypto legislation on ice, to Binance's game of international regulatory hopscotch, it's clear that the battle lines are being redrawn. And let's not forget the personal dramas that sometimes spill over into the crypto world. Tighten your seatbelts, it's going to be a bumpy ride. One thing that's causing ripples across the crypto landscape? The looming U .S. government shutdown. The clock is ticking, and the shutdown could have far -reaching implications for the industry. First off, the shutdown is a result of a congressional budget impasse. This deadlock could freeze an array of federal services, including those that directly impact the crypto industry. We're talking about delayed crypto bills, folks. Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold. The Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act, and the Clarity for Payment Stablecoins Act are all in jeopardy. Now let's talk about the SEC. Chair Gensler warned that the agency will operate with a skeletal staff during the shutdown. This is bad news for companies waiting for decisions on bitcoin spot ETF applications. It's also a headache for companies like Binance that are in the middle of corp disputes with the regulator. More about Binance later. But it's not all doom and gloom. Anne Kelly is a former SEC official. She mentioned that the SEC has some budgetary flexibility. In past shutdowns, the SEC has stayed open for extended periods, so there is a glimmer of hope. But what about the courts? Federal courtrooms are likely to continue operating for a few weeks until they, too, run out of cash. So legal battles like the one between the SEC and Binance could remain in motion for now. Let's not forget Congress. According to Sheila Warren, CEO of Crypto Council for Innovation, a shutdown would mean, quote, forward progress on bills will be stalled. The focus of lawmakers could shift, and crypto might not be at the top of the priority list post shutdown. Which would be a shame, because crypto has been making strides with bills moving forward in the house. A shutdown could bring all that momentum to a grinding halt. This is a freeze on innovation and regulatory clarity that the crypto industry desperately needs. The SEC's role in this is particularly concerning. With a skeletal staff, the SEC's ability to make timely decisions on crucial matters like crypto ETFs is severely compromised. This could lead to delays that ripple through the crypto markets, affecting investor sentiment and possibly leading to market volatility. It's a situation that highlights the crypto industry's vulnerability to bureaucratic inefficiencies. As for the federal courts, while they may continue to operate in the short term, any extended shutdown could further slow down legal proceedings involving crypto companies. This is problematic for an industry seeking legal clarity and could result in a backlog of cases that take even longer to resolve. A government shutdown could act as a significant roadblock for the crypto industry, stalling legislative progress, affecting SEC operations, and slowing down legal proceedings. The looming shutdown is a ticking time bomb for crypto. But remember, we've weathered storms before, and we'll weather this one too. While the US plays a risky game with its shutdown clock, Binance is playing its own strategic game overseas. Ready for this? Let's dive in. And hey, if you're finding these insights valuable, don't forget to subscribe and turn on notifications.
RADCast Outdoors
A highlight from Pack Wisely, Hunt Confidently: A Two-Part Series with Mike Kentner and David Merrell
"This episode of RadCast Outdoors is brought to you by P .K. Lures, Bow Spider, and High Mountain Seasonings. Fish on! Hey, RadCast is on! Hunting, fishing, and everything in between. This is RadCast Outdoors. Here are David Merrill and Patrick Edwards. Well hello and welcome everybody. Back to the RadCast Outdoors podcast. I'm David Merrill. We'll have to excuse Patrick Edwards today. He is traveling on the road and I am home between hunts for a momentary break in time. I actually was out trying to fill an elk tag this morning and was rather unsuccessful at filling a tag but had a great morning anyways. Fall is in the air guys. It's definitely time to get your gear, get out of the woods, and go enjoy it whether you're fishing, hunting, hiking, or backpacking. I've asked a former guest and another guest to come join us today. I've got Mr. Mike Kentner with me. Hello Mike. Hello. Glad to be here. Yeah, we were out looking for a few elk this morning and hiking around and I twisted his arm and said let's talk about what's in Mike's backpack. As you guys know I like to go hunting and over the years gear has changed dramatically from when I first started in the mid 90s and certainly from when you first started, right? Absolutely. In the early days we carried a fanny pack, nobody carried a backpack. Nobody had the idea Everly stock came out with I think to coin the phrase go in light come out heavy to be able to pack out when you went in. The early days we never did that. It's all kind of a newer concept in my world anyway. And I started in the scouting industry doing 50 milers and that kind of stuff so I had a pretty good grasp on what you should and what weight should be on how to navigate through the mountains. I had some orienteering, some compass, some basic survival under my belt, some first aid and some safety. But you have to put all that together and then you've got to start putting your backpack together and there is so many options now compared to when I first bought a $10 book bag from Walmart and put a few things in it and went hiking around saying man this and when we harvested stuff for the most part I threw a quarter on my shoulder and went hiking down the trail or I went and got horses or a dirt bike or a quad or a four wheeler but for the most part western style stuff it was I remember getting one of the very first real hunting backpacks I got was a fanny pack style. Yeah that's what we all started with back then we carried just the basic essentials maybe something to light a fire with, stuff to take care of your game if you put something down and then if you shot anything you walked all the way back to camp empty changed out for a metal frame and went back in for your meat. Yes and those metal frames have pretty much gone the wayside. A few guys still have them there's some companies making some really cool ones now and what you mean by metal is an external just a frame pack no bag attached nothing. It had a load shelf on it you set the shelf on tight most time they didn't have straps you had to use paracord or some kind of cord to tie your meat onto the pack. Now backpacks have obviously evolved the idea of backpack hunting has evolved and we're discussing a little bit today you know when I'm going on an expedition style Everest climb style hunt I'm taking a completely different kit than I am day hunting elk from the truck. Right everything down to I may use the same frame the same base frame but my bag load will be different I use a very small bag for my day hunts like today I use a 2800 inch bag for my day hunts and you go over a 6000 for a long hunt if you're going in for five or six days or more. Now day hunting what is your backpack in a way versus when the difference between a four day hunt and a ten day hunt you only have food difference you've got the same spotting scope the same shelter the same clothes for this kind of discussion a little bit we're basically going to talk day hunt or multi day now if you're talking four day or ten day that the only difference there is you're adding six extra days of food realistically same if I'm only going two nights then I might do something different but if I'm going for four to five nights I'm doing the same thing I would be doing if I'm doing ten to twelve nights. Yeah as far as your overnight gear still is pretty much the same. So that leads me to this first question is and I used to the first year or two elk hunting here in Wyoming I took my 7000 cubic inch bag just compressed it all the way down ran it empty and hunted with that but it stuck up so much higher than my head every time I duck under something I'm getting hung up so I switched to a 1850 Icon Pro from QU years ago I'm now running the Stryker XL from Kefaru that's my day bag and it's inch and then I throw a Sherman pocket and a guide lid and a claymore so now I'm like 3000 cubic inch but I don't have that completely full and we discuss this how full do you run your 2800 in day hunt mode? My day in day hunt mode is less than half full of what I pack and then I have plenty of room for jackets clothing depending on the weather any of that kind of stuff I'm gonna have in it but my base bag with my everything to take care of game and everything is less than halfway full. So some of the things that are in mind that I can think of is I always have a small first aid kit right nicks cuts scrapes burns some aspirin and then I have a kill kit usually involves I actually really like to use rubber gloves I grew up not doing it but when you're doing multi day multi hunt multi tags it's really nice to have a pair of rubber gloves to keep a little bit cleaner while you're processing but you definitely need those game bags I run six game bags how many do you run? Usually five I keep five in there for elk and big stuff it's always five and the reason guys I'm why running more than four quarter bags is well you've got neck meat back straps tenderloins I like to keep those two separate and what I've found is when we're doing either llamas or horses it's really easy even if we're backpacking and we've got to hang the meat away from bears I like to have all four of those quarters in their own bag and then I need two more for the rest of the stuff and sometimes I even like to grab another bag to put capes in. Yeah it's nice to have one for your cape if you're in the backcountry and you think you're going to have an animal mounted it's nice to have a cape a bag for your cape go as well so I usually carry like when I shot my bull this year I had six bags in me with me at the time so I have my five I primarily put meat in and then I have one backup one for the cape to bag it in so you need a good quality bags and quite a few of them. I don't typically pack water filtration in day hunt mode sometimes I like to run an algae and a bladder bag and I just fill that up in the morning and typically that's four liters of water I can pretty much make it through a day on that much water yeah I'm starting out a little heavier but I don't have to stop and pump during the day so do you what do you do for water in typical day hunt mode? I run bladder bags two liter bladder bags and so I usually run either one and a half or one liter and a two liter or two two liter bags so I'm running three to four liters and but I do carry the small Sawyer water filtration pretty much everywhere weighs under four ounces does about a pint at a time you got to refill the bag but it is a good way to get some extra water if you need it.
The Crypto Overnighter
A highlight from 677:FTXs $157M Suit, MiCAs EU Impact, and Senates Crypto Gridlock
"Why do tacos get their own day of the week? Is it because Mondays are so rough we need a Tuesday filled with beefy tortillas shared with good friends? If so, why don't we have Wellington Wednesdays stroganoff Saturdays and, heck, beefball Mondays? Then Mondays would just be another reason to enjoy our favorite beef with our favorite people. Together we bring more. Beef. It's what's for dinner. Funded by beef farmers and ranchers. Good evening and welcome to the Crypto Overnighter. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 pm pacific on Friday, September 22nd, 2023. Welcome back to the Crypto Overnighter, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight we're diving into the labyrinth of legal battles, regulatory walls, and the global maneuvers that are reshaping the crypto landscape. From FTX's massive lawsuit, to Binance's European jitters, and from the Senate's stalemate on crypto legislation, to India's tightening grip, things are heating up. Buckle up, you don't want to miss this one. FTX is suing former employees of its Hong Kong affiliate, Salamata, for a staggering 157 .3 million dollars. The lawsuit makes allegations against Michael Burgess, Matthew Burgess, and their mother Leslie Burgess, Kevin Nguyen, and Darren Wong, along with two companies they controlled. The suit says the defendants fraudulently withdrew assets leading up to FTX's bankruptcy. This 90 -day period before the bankruptcy filing is known as the preference period. During this time, these individuals allegedly exploited their connections to FTX personnel to prioritize their withdrawals over other customers. But wait, there's more. The lawsuit also claims that Matthew Burgess enlisted other FTX employees to expedite certain pending withdrawal requests. These withdrawals were made just hours after FTX halted all withdrawals on November 8, 2022. More than 123 million dollars of the total 157 .3 million dollars were withdrawn on or after November 7th. Now let's talk about the man at the center of this all, Sam Beckman -Free. Now he's currently in jail awaiting trial. His appeals to get out of jail have been rejected, and so he remains in jail as his trial approaches. What happened is the U .S. Court of Appeals for the Second Court also ruled against SBF. They found no merit in his arguments for release. The court stated that his actions likely fall outside constitutional protection. The court ruled that he likely tampered with witnesses, a claim that he denies. His trial starts on October 3rd where he faces fraud and conspiracy charges. This lawsuit isn't the first time FTX has tried to reclaim payments. They've targeted Beckman -Free, his executives, they've even gone after his parents looking for company funds. But that's not all. His day got a lot worse when Judge Lewis Kaplan blocked all of SBF's proposed expert witnesses. The defense had a lineup of seven individuals from various fields. The Department of Justice objected and the judge sided with them. The defense can't try again, but they're in a tight spot. If convicted, SBF could face over 100 years in prison. Now if you think FTX's legal woes are a storm, brace yourself. We're venturing into the choppy waters of Binance and the EU's regulatory typhoon. Smash that like button and follow us for more analysis. Now let's dive in.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1409: BlackRock Bitcoin ETF Will Drive $1,500,000 BTC Price
"In today's show, Bitcoin fails to recoup post -fed losses as $20 ,000 Bitcoin price returns on the radar. In breaking news, the senator who said Bitcoin can open the doors of corruption in El Salvador was indicted for corruption by the federal prosecutors who seized $100 ,000 in gold bars and $480 ,000 in hidden cash from his home. Max Keiser responded to this story. Gold is the poor man's Bitcoin. It encourages thievery, war, violence, excess stupidity like Peter Schiff and Nassim Taleb, both who turned down my offer of free Bitcoin at $1 in 2011. Also in today's show, Bitcoin blast pass is 2021 all -time high in Argentina, but hyperinflation outpaces once again. We'll also be discussing Binance and CEO CZ asked the court to dismiss their SEC suit. I'll be breaking down this latest saga as well as Bybit will suspend services in the UK following the financial regulators final warning. We'll also be discussing Nick Carter doubling down on the theory the Bitcoin was invented by the NSA. We'll also be discussing major fund managers as the BlackRock ETF will drive the price to $1 .5 million per Bitcoin as it literally unlocks $30 trillion worth of capital. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. And a quick reminder, if you gain value out of today's episode, the greatest compliment you can give, simply smash in that like button as it helps out tremendously with a YouTube algorithm. And if you're not already subscribed to the channel, you know what to do to receive daily premium crypto news alerts every single day, just like this.
What Bitcoin Did
A highlight from The Breaking of the Global Economy with Nik Bhatia
"You can imagine a world in which people actually have more power than institutions and governments. Bitcoin has the ultimate power in making the world a better place for people. Hello there from sunny Bedford. Hope you're all doing well. Got a nice weekend planned ahead. Obviously for me, it's going to be football weekend. We've got home games for the men's hopefully getting through to the next round. And our ladies who won every game this season, they're going to be playing some Auburn. So it's a busy weekend of football for me and obviously talking about Bitcoin to people. We've actually got a meetup at the game tomorrow. So if you get in this early and if you're in and around Bedford, you want to come down, come down to Bedford. We're going to talk about Bitcoin before the game. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the absolute legends at RS Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host, and today I've got my buddy Nick Bartier back on the podcast to get into all things macro and Bitcoin. Now, when we planned our trip to Australia, Nick was a very obvious person to ask to come out and take part in the live event. And while we're there, we took the opportunity to record another show with him. And the legend he is, he absolutely delivered. Now, the first time I spoke to Nick was about four years ago. I met him in LA. I can't believe it. It's gone so quickly. But Nick has always been a solid person to have on the podcast over the years. And as ever, he absolutely killed it. He has a very good and simple way of explaining complicated macro stuff, which I know some of you listeners love. So big thanks to Nick for coming out to Australia and for all the support he's given the podcast over the years. And if you haven't checked out his book, please do go and get it. It's an amazing book, and Nick is an amazing asset to Bitcoin. Also, if you've got any questions about this or anything else, please do hit me up. My email is hello at whatbitcoindid .com. Just a few things outside. We're going to be heading out to LA in about 10 days. It's gone around so quick. Actually, even soon. I think it's nine days. Going to be heading out to Pacific Bitcoin. But we're also going to be doing some interviews there. With regards to the two films we've made, Argentina's in the final edit. That should be released in the coming week, maybe two weeks, but the coming week. And then we will move into editing the Lebanon film. Two amazing films. Just, I mean, not the films are amazing, not that we're privileged to have gone out to these places and made these films. And just another big thanks to RS Energy for sponsoring all this because without their support, I couldn't have done this. Okay, on to Nick. Hope you enjoy the show.
The Breakdown
A highlight from The Hawkish Halt: Why the Market Finally Believes "Higher for Longer"
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, September 21st, and today we are going macro talking about the FOMC conference, what it means, where in the cycle we are. But before we get to all of that, if you're enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, hallelujah, we have an episode that is not about Binance or the SEC. Yes, today we are talking macro. And I have to say, it feels like we are in the culmination of a phase. We know that we are close to the top from an interest rate perspective, but we don't know if we're actually there. We don't know how real economic conditions are going to change things. We certainly don't know when we're going to start heading the other direction and having rates come down. And we're still living in this weird limbo where things don't feel great, but we aren't in a recession. And so you take all of these factors together. And I think that people were watching this FOMC meeting just a little bit more closely than we have for the last few. The TLDR on what actually happened is that Federal Reserve officials decided to hold rates steady between 5 .25 and 5 .5%. Now, this is the second straight meeting with no change in policy settings, with the Fed funds rate remaining at 22 -year highs. And because there is always a key word or a key phrase when it comes to these FOMC meetings, this one was definitely proceed carefully. During his press conference, Fed chair Jerome Powell emphasized that despite strong economic data since the last meeting, the FOMC were in a position to, you guessed it, proceed carefully. Now, this phrase was repeated six times throughout media questioning, always to some extent around an assertion that the committee didn't need to make any decisions quite yet about what was coming next. Talking about the committee, Powell said, Really what people are saying is, let's see how the data come in. They want to be convinced. They want to be careful not to jump to a conclusion. Fed whisperer Nick Timiros, chief economics correspondent at the Wall Street Journal, said, Powell used the words proceed carefully six times during Wednesday's news conference, a sign of heightened caution about lifting rates. Forward guidance host Jack Farley said, The last time Powell used this language in his speech before taking questions was March 2023, and this was in the context of monitoring potential tightening of credit conditions post -SVB. So, adding a little more meat to this proceed carefully bone, Powell stressed that taking no action right now was the most prudent choice at this stage of the inflation fight. He said, Inflation has moderated somewhat since the middle of last year, and longer -term inflation expectations appear to remain well anchored. Further, he said, As we get closer to the stance of monetary policy that we think is appropriate to bring inflation down to 2 % over time, the risks become more two -sided and the risk of over tightening and the risk of under tightening becomes more equal. I think that the natural common sense thing to do is, as you approach that, you move a little more slowly as you get closer to it. And that's what we're doing. And you get here kind of why I'm saying that we're at the crescendo at this stage culmination kind of moment. But what's difficult for people is, of course, that what Powell is doing as we get closer to coming into the station is he's reducing the speed. Now, alongside the rate decision, the meeting also included the publication of the Quarterly Summary of Economic Projections, or SEP. The SEP contains a range of forecasts from FOMC members on the future path of rate policy, known affectionately as the dot plot, as well as a range of other economic projections. The dot plot showed that 12 of the 19 Fed officials had penciled in one additional rate hike by the end of the year, meaning effectively a split decision on whether the Fed should call an end to their tightening cycle. Now, when asked about rates and whether we're in restrictive territory, Powell said, The fact that we decided to maintain the policy rate at this meeting doesn't mean that we've decided that we have or have not at this time reached that stance of monetary policy that we're seeking. If you looked at the SEP, you will see that a majority of participants believe that it is more likely than not that it will be appropriate for us to raise rates one more time in the two remaining meetings this year. Now, beyond that specific note around one more hike, the main takeaway from this set of forecasts was also that rates would remain higher for longer. Rate expectations for 2024 were bumped up slightly, with the median forecast coming in at 5 .1%. And this represented a 50 basis point increase from the forecast published in the June SEP. Putting it a different way, that means that only two rate cuts are expected to be necessary next year, rather than the four which were previously forecast. Core PCE inflation was forecast to fall to 3 .3 % to close this year and moderate further to 2 .5 % across 2024. With inflation forecast to moderate faster than the FOMC expects to cut rates, that would signal an intention to hold the Fed funds rate in restrictive territory until at least the end of next year. Rounding out the numbers from the SEP, GDP growth is forecast to moderate, finishing the year at 2 .1 % and reducing to 1 .5 % for next year. And unemployment is forecast to only rise slightly alongside this growth slowdown, leveling out at 4 .1 % over the next two years from its current level of 3 .8%. Now from here, let's get into some of the topics that were most hot buttoned and ran throughout the presentation and the press conference after. One of the big topics was, of course, the fabled soft landing. This set of projections is a long way from the dire forecast from just a few months ago. At the August meeting, Powell disclosed that Fed staff had been predicting a recession. This time, while definitely not a booming economic projection, the small uptick in unemployment while growth and inflation moderate were essentially forecasting a soft landing. When asked if a soft landing is his baseline expectation, Powell stated, Still, Powell made sure to emphasize where the FOMC's real focus was.
VUX World
A highlight from Why messaging should be part of your content strategy, with Nick Martin
"Yeah, I would probably first just say I don't know that those are binary, and I don't know that they're black and white. It's one or the other. But forced to choose, I think we're much closer to the former than the latter in the sense of the experiences that we power and that we're continuing to invest in being able to build out are always starting from a place of how do we best take advantage of our publishers content, which is written by humans. And then we think that's a really important ingredient here and leverage what's happening around AI and make it really easy for the publisher to maybe convert their content, maybe augment their content, but in one form or another enhance it, make the experience more interactive, more user -friendly, more personalized, more relevant through chat as the interface that we're building around. And so in that sense, content is the core of it. It's about the stories you've written, the things your journalists have researched, the articles you're publishing, and the topics that your readers are already on your site for. You already have this audience, and certainly a big part of what we do is getting you a new audience by distributing these chatbots in other platforms where maybe you didn't have a presence before because these are chat endemic environments like this one. Again, things are moving so quickly here, and the opportunities are so broad. There is sort of a spectrum, I think, between example A and then this companion assistant version of my AI or Chashi BT or what like the promise I think of Siri and Alexa was back in the day. And I do think things can move that direction even for content companies. And we've assisted for their content a librarian that's personalized to every reader. We've gotten those analogies in sort of private meetings from publishers that we're working with and talking to, and there's ways to take advantage of our platform to deliver that experience. I do think it's still different than what you would see from my AI on Snap where it's more or less, and not to diminish it, I think they've done tremendously well despite some of the challenges that you alluded to. It's more or less the Chashi BT experience, right? It's a wrapper on an LOM. It's broad and horizontal. It's anything that was made available in training data from the public internet. We refine what we do to the publisher's content so it's specific and targeted and accurate. But we're also not trying to drive the I'm your best friend, tell me about your problems, let me recommend a restaurant to you. If you're chatting with a sports publisher, you're not going to ask them for where to go get pizza Friday night, right? But you can imagine over time, maybe that sports publisher does help you find the best sports bars to watch the game, and maybe there's a commercial opportunity underneath that by way of referral or advertising or otherwise. And so it'll continue to evolve. I think if you look at what's happening in the very, very early days around the agent behavior, that also becomes quite compelling and might put a task underneath it, which they're going to be able to do pretty quickly here. But that's not ready for prime time for all types of publishers, the world's biggest, most reputable brands just yet. Yeah, yeah. And so a lot of your publishers, the large publishers, they've got lots of different ways of monetizing what they do. Some of them are subscription based. You mentioned like ESPN and so they've got like TV channels and subscriptions and all kinds of stuff going on.
The Crypto Overnighter
A highlight from 673:Warrens Anti-Crypto Moves and Hong Kongs JPEX Crisis
"Every parent wants to witness the many firsts in their child's life. First steps, first word, first haircut. But what about their first bite of beef? Complete with nutrients like iron, zinc, choline, B vitamins and protein, it's vital for strengthening little minds and little bodies. Making that first bite of beef a moment for everyone to savor. Together, we bring more. Beef. It's what's for dinner. Funded by beef farmers and ranchers. Good evening and welcome to the Crypto Overnighter. I'm Nick Ademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10pm Pacific Time, Monday, September 18th, 2023. Welcome back to the Crypto Overnighter, where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. Tonight we deep dive into JPEX's meltdown in Hong Kong and what that means for crypto regulation. Next we examine the $70 million hack that rocked Coinex and the geopolitical implications behind it. Then we turn our attention stateside to discuss Senator Elizabeth Warren's anti -crypto bill and the brewing congressional storm over central bank digital currencies. We'll also break down the recent celebrity lawsuits surrounding the now -defunct FTX exchange. And finally we will close with a look at how Europe is taking the lead in crypto ETFs, while the US languishes in regulatory limbo. Buckle up, it's going to be a time. Hong Kong -based crypto exchange JPEX is under fire from the Hong Kong Securities and Futures Commission. The SFC arrested one person linked to the exchange. We've been talking about JPEX for a couple of days now, and it sounds like they're off to kind of a rough start. JPEX has been operating without a license in Hong Kong. The exchange received numerous complaints, leading to a police investigation. Amid liquidity issues, JPEX suspended all transactions on its earned trading interface. The exchange is also considering restructuring as a decentralized autonomous organization, a DAO. Joseph Lam, a crypto influencer and former lawyer, was arrested in Hong Kong for his association with JPEX. The police raided his office and seized evidence. Lam had urged affected JPEX users to report losses via a police hotline. The SFC warned last week that JPEX and crypto influencers have made false or misleading statements. The police have received at least 83 complaints involving JPEX, amounting to $4 .3 million. JPEX froze certain operations and raised withdrawal fees due to a liquidity crisis. The exchange claimed that its third -party market makers have, quote, maliciously frozen the company's funds. Some users report a $999 USDT fee for withdrawal, with a maximum set at 1 ,000 Tether. JPEX also froze its game platform. The SFC expressed concern over JPEX's misleading statements about licenses and high returns for its products. The arrest and the subsequent probe into JPEX signal a tightening regulatory grip on crypto exchanges operating without a license. This is not just a one -off incident, but a warning shot to other platforms that might be skirting the law. The SFC's involvement and the arrest of a high -profile influencer like Joseph Lam show that the authorities are not taking this lightly. The liquidity crisis at JPEX is a red flag for sure. Not all exchanges are as transparent or as stable as they claim to be. The high withdrawal fees and frozen funds are alarming signs that could lead to a loss of trust among users. The move to restructure as a DAO might seem like a strategic pivot, but it's more likely a desperate attempt to regain some semblance of stability. The 83 complaints against JPEX and the $4 .3 million involved indicate that this is not a small -scale issue. It's a significant problem that could have ripple effects across the crypto landscape in Hong Kong and potentially beyond. The authorities are clearly taking steps to clamp down on misleading practices and unlicensed operations, which could set the tone for future regulatory actions. The JPEX saga underscores the importance of due diligence and the need for regulatory oversight in the crypto space. It also raises questions about the role of influencers in promoting platforms that may not be as secure or as regulated as they claim. This is a wake -up call for all involved in the crypto world, reminding us that with high returns come high risks. Alright, from one sinking ship to another. If you think JPEX's meltdown was a shocker, wait till you hear about Coinex. Before we dive in, give us a like and hit that subscribe button if you're enjoying the show so far. You won't want to miss this.
Dennis Prager Podcasts
A highlight from New Cancel
"I explain everything that goes on. I basically stand for four hours. It's a long service, but I learned very early in my career that if you're interesting, it's never too long. And if you're boring, it's never too short. It's never short enough. Let's put it that way. That's what people want. They want to be interested. That is the key to all communication, by the way. I learned that when I was a kid. And I remember asking myself when I had a boring teacher, does he know he's boring? A very interesting question about people who are boring, do they know it? And I suspect that the answer is no. Well, welcome to the show. I will be having the Superintendent of Education of the State of Oklahoma on. He has been the recipient of a massive amount of hate because he has opened Oklahoma schools to PragerU videos. PragerU videos are just simply wholesome. That's what they are. That's why the left hates them. And they hate them. There is no left wing major medium, and there is no medium period that is mainstream, which means all left. That has not accused us, for example, of defending slavery and of me being a white nationalist. Can you imagine that? A white nationalist. I knew that the struggle to do good in life would entail difficulties, but I will admit I never realized what headwinds one sails into when one wants to do good in life. The forces of destruction are so powerful, apparently in the human being. But people who actually think you are a hater if you don't think teenage girls should have their breasts removed if they say they're boys, you are a hater. They are lovers of these girls. We are the haters. And that is believed at the New York Times and the Washington Post and CNN and NPR. Do you realize that? If you went to college and you took courses in the humanities and not just STEM, science, technology, engineering, math, the odds are you believe that, too. You believe that people who oppose girls having their breasts removed when they are a teenager, that these people are haters. Here I'll give you the latest proof. Let's see, what is this? Microsoft Office has identified a potential security concern. You have to be kidding. This is from Breitbart. BBC Radio scraps Irish singer, Sean, are you familiar with her? Roisin Murphy. After she called out puberty blocking drugs, the BBC has removed an Irish singer from a prepared feature radio broadcast following leftist backlash over her opposition to children being put on puberty blocking drugs. That's really something. Roisin Murphy, an Irish singer -songwriter formerly of the pop duo Moloko, has become the latest figure of hate for the woke transgender movement after a private post on Facebook criticizing the radical practice of presenting hormone -altering drugs to children was leaked onto social media by a friend last month. Puberty blockers are effing absolutely desolate, big pharma laughing all the way to the bank, Murphy wrote. Little mixed up kids are vulnerable and need to be protected. That is just true. Please don't call me a TERF. TERF is Trans Exclusionary Radical Feminist. You know, they destroy everything that they touch the left. Everything. Did I say everything? Let me repeat it. Everything from medicine to art to sports, they destroy everything. That's all they do. But there is one thing that they build, vocabulary. I'm telling you they're geniuses at terminology. A TERF is a Trans Exclusionary Radical Feminist. In other words, you're a feminist, but you have problems with the idea that sex is not binary or as they put it gender, a distinction that they made up incidentally. Please don't call me a TERF. Please keep using the word. Please don't keep using the word against women. She added in reference to that slur used by the woke left against women who oppose the trans movement. After her post was leaked, a wide backlash ensued with the Left Wing Guardian newspaper declaring that Murphy's latest release had been compromised, quote unquote, for many fans over her views, adding that, quote, for many fans, particularly queer fans, this album is DOA, Dead on Arrival. I don't understand. What does this have to do with being gay, which is the term I think queer is meant to mean gay here? By the way, I wish I had a recording. At least 10 years ago, I asked why there was a T added to LGB. It has nothing to do with it. Why are gay groups aligned with people who deny that sex is binary? What does that have to do with being gay? The answer is nothing. Nothing. That means that the gay groups, as opposed to every individual gay, are as interested in tearing down the norms of society as the trans activists. That's what it means. Since there are quite a number of gays in my life, including on the board of directors of PragerU, I know that this is not true for all gays, but it is true for the activists. Gay activism achieved its greatest single ends. The greatest single end was same -sex marriage. But it didn't stop them for a day of trying to undo civilizational norms like the idea that you are born into a sex and you cannot leave it. You can pretend to leave it. You can do staggering amounts of surgical work on your body. You can take a new name. You can act a certain way. But you are not it. A white cannot become a black by acting such, or a black a white. It is fixed. Ironically, it is less fixed than sex. The Guardian went on to defend the usage of the often life -altering drugs without acknowledging the growing amount of evidence of physical harm caused and that countries such as the UK have recently placed heavy restrictions on providing them to children. Then this week, BBC's Radio 6 scrapped the planned five -hour set of Murphy songs, concert recordings, and interviews, replacing her feature with rapper Little Simms. The BBC has claimed that the decision was not inspired by the controversy surrounding the Irish singer, but rather to promote upcoming spoken word and rap programming. Yeah, it is very hard to believe. Anyway, that was my living example here of what happens if you go against the grain on this subject. Cancel culture. There is no example of left being in power anywhere since the Russian revolution and not engaging in cancel culture. Gold dealers are a dime a dozen. They are everywhere. What sets these companies apart and whom can you really trust? This is Dennis Prager for AmFed Coin and Bullion, my choice for buying precious metals. When you buy precious metals, it is imperative that you buy from a trustworthy and transparent dealer that protects your best interests. So many companies use gimmicks to take advantage of inexperienced gold and silver buyers. Be cautious of brokers offering free gold and silver or brokers that want to sell you overpriced collectible coins, claiming they appreciate more than gold and silver. What about hidden commissions and huge markups? Nick Grovitch and his team at AmFed always have your back. I trust this man. It is why I mention him by name. Nick has been in this industry over 42 years and he is proud of providing transparency and fair pricing to build trusted relationships. If you are interested in buying or selling, call Nick Grovitch and his team at AmFed Coin and Bullion, 800 -221 -7694, americanfederal .com, americanfederal .com.
Now Try This
"nick nick" Discussed on Now Try This
"Trying to stop them from. Hello and welcome to Dow try this. The podcasts were two best friends, get together every week to try new things that they love. I'm Marcus. That Nick Nick. Hi. And this I'm looking at my year ago top Spotify artist and two. Years in a row, it was Lawrence who's Lawrence, a band from Brooklyn, super Indy hippie, fucking jazzy. Do you listen to them a lot? I'm going to the concert on Saturday..
The Bill Simmons Podcast
"nick nick" Discussed on The Bill Simmons Podcast
"Fantasy always says it's like, you can't be you on a pod or on a TV show. You can't be used specifically. Like what you were talking about where being yourself doesn't work. You have to stick a fight a little bit. Energized it up, but it can't be too much either. There's like it's gotta be like 15% extra. I think that's there. You know what I mean? Yeah, 15%. But a lot of times people are like, oh, what's Bill Simmons like? What Bill Simmons, I'm like, ah, you kind of know Bill Simmons. Don't you think that is like the further. The closer you can be to your actual self, the more successful you can be. It's always odd when it's like, oh, did you hear that? Yeah, so maybe it's like 8%. Yeah, you know what? I gotta take it's 5%. It's not 8%. A lot of people are saying 15% of those people are fools. It's 5.5%. Well, let's do some take stuff, because you think the south that should trade for Ben Simmons, and I think it's absolutely idiotic and I wouldn't go near the guy. Okay. So Nick said this on the show this morning because I was fired up. I said, Kevin McHale is not walking through that door with Kevin Garnett diffract for you. You've got to do something. Yeah. So Nick Nick says, the Celtics haven't have won one championship since the Reagan administration. What is that true? So you got one championship since Reagan left office. Yeah, that's a long time ago. So when you look at it in that perspective, it's been this rebuild for decades. You got one championship that feels like it weighs more than other people's championships. But we got just to make championships as the bucks. And the idea that this team is all of a sudden going to gel and turn into a championship contender is not going to happen. If it was going to happen, it would have happened. So the idea that you can get a three time all star all NBA guy almost defensive player of the year on the Celtics, who, by the way, doesn't need the ball. Like we're talking about, nobody will pass it to me. Ben Simmons raised him like, that's fine with me. Go with me, fellas, I'll pass it to you even more. I'm shocked there was such a pushback from the Celtics faithful that wants to just shred water in the sea of mediocrity waiting for someone to save them. So I'm surprised you didn't like it personally. It's a really strong thing. Literally his name Simmons. And if I told you, hey, the guy Simmons from LSU. Imagine if he was on the Celtics. I feel like you would love it. And now you're like, no, Daryl's trying to police us. Pussy has the same name as my son. So that part would be even a little crazier and more disorienting. I think he is a competitive disorder. Ben. Can you fix that? Yeah, my band doesn't. My band is bad enough. Yeah. Ben Simmons, Philly Ben Simmons, I haven't liked the competitiveness. And I do feel like the more the older I get, the more I do this for a living, the more I think about sports and what succeeds and doesn't succeed, it always seems to come down to at some point everybody is roughly the same talent. You know, you have your outliers. You have Giannis, who's a physical freak. You have LeBron, who's one of the great athletes we've had. And it's also like a basketball genius. And there's going to be outliers. But for the most part, all of these guys were really successful at some level. And then the next level. And then they hit this level where everybody's as good as them for better or worse talent was. And then it comes down to like, how are you wired? How do you shake off failure? How hard do you work? Do you try to get better every year and things like that? And I just don't see it from him. Yeah, so the thing that struck me and I thought it was a huge deal. No one else thought it was a big deal. Is that he bailed on the Olympics? I don't think he has a skill problem or a talent problem or like, he's not gonna learn to shoot great in one summer. He had a big stage problem. So it's like, all right, I just kind of played horribly on the big stage. I wish there was another opportunity, but I guess I'll have to wait till next year. Like, oh, hold on. I can play in a loving environment with patty mills and Joe angles and they had said all the right things and Matisse played and it would have been this great sort of like very nurturing environment, even though like whether you decides or not, Ben is still our friend and we still love him. I was like, this is perfect. He's like, nah, I'm gonna work on my game. And then a few months later, we got some soaking wet sweatpants and jumpers on a half court and half the court was like a putting green. So that he did this as LSU too. Remember, he bailed on the LSC team as that season went along. That was weird. I thought, meanwhile, for the Olympics, Devin Booker, just lost the finals and he rides the plane. All right, you guys are playing with the box. He's like, oh, it looks like we're going over fellas. He just played every reason in the world not to play but the dude loves basketball. And he wanted to go play. So you're making my case for me. I know you're agreeing with me. I'm just saying, I also think Jalen needs needs his own team. I don't want jaylen to jail is not, you know, I hate the Robin Batman thing. But I want him to be, he's The Batman guy. Like let him be Batman on another team. So I want you to succeed, I just don't. My question is, how can they get Ben Simmons while keeping Tatum and brown? Now I'm interested. But at some point, at some point, if you're Philly, you have embiid who knows what his physical shot is does he play three weeks in a row? Is anybody had more stop and starts during the course of a career to him? And if you're Philly and you like the people you have around him at some point, can I talk you into a.
Now Try This
"nick nick" Discussed on Now Try This
"Best friends. Get together every week to talk about their favorite things. I'm markus beautiful men over there. Is nick nick. How're you doing. I am doing great favorite things. You say we talk about our favorite things. That's not this. Show this show when we torment each other with the things that no one else to watch with us to watch. That is now try. That is us. This is what we're doing here. Every we challenge each other for one of our favorite things. Something were something new something. Exciting one of our personal favorites. But it's not just us. We have a community that's thriving that wants you to be included on patriots dot com slash. Now try this cast. Marcus tell but the page odd patriot and you can head over and.
Firewalls Don't Stop Dragons Podcast
"nick nick" Discussed on Firewalls Don't Stop Dragons Podcast
"Show if you just check the this kind of color of that the the shading level. Let's say it's on a scale of zero to ten. How dark is that. is that square. And you'd say okay. It's a five and then you go all the way through all the squares on the picture and that means that you've got five and you've got to and you've got a three then and you create this long number and that number corresponds to that. What that images hashes and then if you have another image that looks similar but the cheating is slightly different. Once it's been converted to black and white it won't match that image so with photo. Dna which is the software that microsoft originally made and then donated to nick. Nick that makes available to all sorts of different law enforcement agencies in service providers. You can miss a lot if an image is cropped if an image is altered in various ways photo. Dna is is basically not very good at what i would call fuzzy matching so it has trouble with those changes so if you can imagine trying to alter one thousand photos by cutting them all in half. It's likely that photo. Dna wouldn't recognize them. Because now they have a totally different cryptographic hash or or whatever you call it but again it's it's only going to get so the matching isn't perfect and it's certainly not going to pick up a photo that you took of your three year old. Who was being really funny in the bathtub. That's that's not going to get noticed by photo. Dna or in this case by apple's announced plan for like when you actually take a picture of your your son in its goes up to. i cloud. You're not going to get dinged for that right okay. So the key there is is that these are all the magic is done against known existing sam images And so the only way that you're random photo of your kid at home would would even have a chance of matching for some reason. It happened to look almost identical to something else. Someone else took that was child abuse which is probably not likely many companies including apple are already scanning our our communications and documents for c. Sam before apple he would not suzanne new thing. So what can you tell us about. What companies are already doing today prior to apple's thing but what what partisan but what was already going on and what were they scanning for what would it existed. Prior to apple's announcement. This is a fairly common technology at this point so again. Microsoft made this software called photo. Dna it ended up in nick's hands. Nick nick said the more people that use this the better. So companies from mail or google g. Mail to twitter facebook to read it all use photo. Dna yet some level so what that might mean on facebook which again announced a reported that they had twenty something million reports to knickknack. What's happening is if you're in a facebook group and someone shares a photo that nick has in its database. Facebook automatically. Scans that photo turns it while essentially this all happens in the background in the cloud but facebook looks at that photo. Turns it into a hash compares it to the hash that is already a nick. Nick sabin base. That's what photo. Dna does and then they can report either to knickknack or they can eliminate the user's account or whatever result and a half..
The Smoking Tire
"nick nick" Discussed on The Smoking Tire
"Metal. Whatever gets so cold so fast that even if you hit it with hot water it'll turn to this thin little layer of ice and you literally are washing the topic. Yeah yeah so. It's really for your hands you don't you're handling like thank god and you go like this and then a freezes again. Tokyo hands whatever. Yeah i a really like washing your car nut job doing it. Sometimes i can't do it outside. Don't like washing my car so much that i opened the detail shop feel bad not anymore not anymore. No no so you know it's Northeast problems i guess indeed. Yes speaking northeast problems. It's raining and going crazy right now in new york. I'm in new york times flooding flooding alert. I'm like looking around here going. What no the fucking need. The videos on the subways. Holy fuck they look crazy. Offline mom said My mom said their Their garage had like an inch of water in it. Did you see newark airport now. The baggage claim area had a foot yet. The fuck out gives messed up here. Get no ongoing to seattle for within the one from seattle blah blah blah is saying. Did you see plane from seattle. I mean there's so much water on like No i know you're gonna take it to new york fucked rear flight already. It's basically lease away. Call please check in bubba. Check your thing tomorrow because we're having you know what you eat. All of it and i was like after the podcast. Yeah so it's pretty serious. Are you going to newark. i'm going. Oh i bet i bet. Jfk airport has awful fucking water management and everything matt yet cars parked there like nervous that you know who knows what's happening airport I've always tried to the airport. Yeah getting somebody from where i live. It's three hundred talk. Forgotten seven hundred dollars round trip. It's thing yeah fifty bucks to park for. No but it's gonna. It's fit probably sixty a day. Something like that. Yeah that's cheaper seven. Is she your is it is. That's crazy for me that some well play like a plane. You don't have to fly that much. I really try not to. I set myself up here. you know. It's like twenty five dollars uber to the airport pretty straightforward. Yeah you're not a very closely airport. I know my mother's like you can hear planes. I'm like yes. But i fly on them all the time making noise very convenient whenever i go to new york and then fucking hour and a half fucking uber to connecticut. I'm like oh sucks. All from from took me an hour and thirty six minutes and that was at three thirty in the morning. So there's nobody on the road you do have at seven o'clock is two hours boston. Hartford or jfk party for hartford next one but ironically. There's dan bear airport that i go to the airport at my house. But it doesn't fly commercial jet sweet joints. They're not they're westchester. Oh yeah but you look at flight to realize. I'd baseball from westchester to. Here's thirty thousand charter jet. That of course. I'm not doing shit. Must've flies on the jet blue thing. It's like jet. It's called jet sweet. It's jet blue but you fly on smaller planes to smaller airports. So there's an airport right by his house up north concord or something and he can fly from there to burbank and it's only marginally more expensive than a standard commercial flight but it's for some. It goes smaller airport smaller. But you still got to do a commercial flight thing showing the thing. You gotta get smaller. It's it's at a small airport so like yeah you you go through security. But it's like there's a dozen people on the planes shared private jet. Yeah you buy. You're buying a seat on a private jet. Not the fucking whole thing but you still do the checking go through security that sure any little fucking airport. Yeah yeah it's like nothing got. Yeah it's good. That is good. Yeah they still check your bag larry. That's what you're one i. You could carry several kilograms knowing my buddy nick nick s so you know from back east Who he he had that Jet smarter and that was the first one. That was the uber for private jets. So you'd get you'd get I think it was. I don't know. I think it was like forty thousand dollars year And you'd get two points per month and went and each point was a flight. And when you booked it you you would use the point and then when you took the flight the point would come back and you can book another flight right so you could really and if it was a two hour flight was one point. It was a transcontinental. It was like two points so you could. He could fly from l. eight into westchester airport and use both points but he couldn't book his return until the wheels touched down in westchester. Because it was only two points. If you've got the upgraded plan it could have been four points and he could booked a round trip in the beginning. What's the purpose of a in. It was to prevent people from booking flights too far ahead of time. That was how they're sort of business model worked. I don't know. I don't i don't even know if they're still around anymore. But for the first couple months there was no security at all like you. Just show up and you'd fucking walk on the plane like as if it was your own private jet almost. Yeah that's and they realized very very quickly what people were using that as a mule. Yeah and and after months. Nick nick s came back he goes dude. Think they've figured out. He was not doing this but he he was like. I think they figured out what people are doing. Because i've never had more security on any plane after that security security was super crazy. It's like every smuggler evans. Like while we gotta do this shit to point off shuffle baby. I'm looking sincerely. I'm looking for a helicopter blade version. Whatever that is because the hamptons all the time for random clients. It's easily four and a half hours. Each ferry ferry is equally annoying really. That's okay fine. You get forty minutes. I'm sitting inside baseball. You gotta go from connecticut to the hamptons. You have to literally drive into new york city and out the entire end in theory as the crow flies as they say i could just fly drone there but i gotta i gotta drive four and a half hours all the way round. What about your own boat. Serious you're gonna fuck. You used boston. Whaler twenty-foot fucking go across. That's not a horrific or water. I go when i go visit my folks. I take the boat out. We go for lunch in long island. It's fucking twenty five minutes because if you have a lot of gear to carry helicopters also have like pretty strict lose weight weight limits all my all. My work stuff is there. I needed shop. Maybe twenty foot boston. Whaler bro cross across his twenty minutes across the sound. It's eight miles. But how do i get to where. I'm trying to go from there uber. It's fi- it's once you're on the island. It's no big deal us a day doc. Take i mean it's becoming that ridiculous if you spend eight and a half hours in the car. Series has a full of eight hour day cleaning cars again. I'm not like crying about it's great. It's wonderful but after a while ratchet one piece of traffic accident during the car for six hours. You've got to pour me out of the car when i get home. Chill the next day. I understand this. Yeah we we have those days where the job itself is no big deal but the transit can be horrible Yeah i totally. I think a boat. I think i really think boat like i don't wanna deal with the boat. I got enough. Yes you can rent a boat but you don't wanna because at that point if you're doing it more than once a week once every two weeks Why is there a ferry service. Scary service that it takes for me where i'm at. It takes me about an hour and ten minutes to get to that one. Okay hit sixty bucks or whatever. The car is which is fine right. Because i pay six dollars in tolls all the way with all she does it really sixty dollars tolls total total.
The Dork Forest
"nick nick" Discussed on The Dork Forest
"Right. So, I know at the beginning of class. And I remember Nick said one day. He's like, hey, you want to come in one day. You know, during the advance, during the contract classes what they called it. During the contract class, I can watch in videos when Nick was training, a lot of the contract guys. Okay. At the time. Contract guys are guys who have a contract? They are. They are those. They're basically triple-A. They'll basically triple-A wrestlers. So basically they're developing this system. Okay, fair enough. Right. Contract guys. And they can come from anywhere. A lot of them don't have never wrestled before and stuff like that. Just like that. Just like the sport, just want to come in. Sure. They're like, oh, you're big. Yeah. You look like you turned heads in an airport. Come on in. So Neil's to say, I was not a contract guy when I got there. So, but Nick Nick had me come in to watch to watch a tape of a match from some time. And I walk in and there's this guy that's in the same class that I'm in. And he's sitting and watching as if he's part of the class. And I look and I'm like, um, and it was one of those moments I'm sure you've had. You look at him and be like, I know I'm better than he is. Oh, yeah. I know I'm better than he is. And he's acting as if, which will get him work. Yeah. And he looks the part. He looks the Bart. So we go in, we watch the video, and, you know, Nick's awesome. And a lot of his vice go, you know, right over my head, I don't understand what he was talking about. And at the end, I look at and turn to him. I say, so when do I start? Yeah, it's like I'll see him, he's like I'll see you Monday. Oh, there we go. So I asked sometimes because I was going to I was going to dare him to tell me why this other guy was buried. Bet, I was just called, I was just going to, I was hoping to call my blood to be honest. 'cause I'm like, if he's in there, come on now. I was just gonna go after it. Right. So. Between from this, you know, I'm in the class with I'm trying to think of as anybody any names that we would know now. Probably we did do some stuff with big boss man, but he wasn't training literally, obviously he was coming down to help us. Okay. 'cause there's both sides, right? I mean, obviously, there's people coming up and then there's people who are sort of aging out of being able to do it all and just going into coaching and stuff like that. There's probably more of that now than there was then like back then when I mentioned boss man, he was coming down to rehab because, you know, he was off. He wasn't on the road anyway, because he got hurt. And coming in, you know, wanted to check out the guys that, you know, the new guys, of course, that's what that's the other reason he's there, but also to get some ring rough stop before he gets back on the road. Okay, okay. So yeah. So they open up a new a new warehouse, but it seems like 500 people. LV WW is still there to this day. And so the first night that.
Chasin' Birdies
"nick nick" Discussed on Chasin' Birdies
"No tells his story how he got involved a little bit of the background of the company and again it's a great episode and somebody our age running a company like that. It's really it's really cool. So impressive and so you guys make sure you after the show or during show or you know before the show whatever checkout vetnar dot golf dot com and it's definitely worth spend some time maybe getting yourself fit for. Potter view are an avid golfer. Because though the way they do it and utilize technology is is really impressive. So hats off. The sam whole grew up there. Bet nardi golf and we are so appreciative of the yeah. We need to give shout. Sam nick nick. Nick grant nick martini Mike biviano guys are the ones man. They're the ones making that engine. Rhyme and again they do a great job there and we can't wait for our our partnership is going on right now but i'm gonna try to push them into getting us promo code. You guys a little discount on the website where that so you guys. let's get this puppy rolling for y'all Sam vetnar even bet nardi golf and we hope you all enjoy this one. Chason birdies is proud to be partnered with holderness born owners and born make some incredible golf apparel and check them out online at hp. Golf dot com amanda. The right here has a little bit more to say about them. Yeah holding some porn has the tailored but not tight approach. The golf shirts fit great small medium little more tailored than as you get in the large extra large little bigger. But it's a polish look across all sizes that they have we loved the internal caller. Stay there so into the shirt. Ryan is favorite. Pieces are the maxwell shirt in the ward sweater. check them out an h. B. golf dot.
Newsradio 700 WLW
"nick nick" Discussed on Newsradio 700 WLW
"You will get no homework tonight. That's the beauty of us. So Facebook, um has about 274 billion would be 274 billion. Monthly users. That is a rather startling figure. I think Two million active users on a daily basis. And about 412 million Active accounts that are either fake or duplicate six and 10 adults six and 10 adults log onto Facebook on a daily method daily basis. Those are all metrics that were Cultivated and delivered in a study done by and I want to make sure I get this hoot Suite Hoot suite. Did this back in January of 2021. Twitter is a little bit different. Twitter, according to Pew. Has this to offer about 10%. Of the actual account users on Twitter about 10%. Account for 80% of Twitter content again. 10% of people that use or active on Twitter account for 80% of the content. You see very small number. Very small number about 36% of those who use Twitter identify as being Democrats about 21% identify as being Republican and the other 43%. Are in various other categories. That's where both of these Social media services are split. Along demographic lines. So this week Facebook again with 274 billion monthly users. Said it will suspend former former President Donald Trump's account for two years following its finding that he stoked violence ahead of the deadly January 6th insurrection. This is the quote from Facebook's vice president of global affairs. Quote at the end of this period. We will look to experts to assess whether the risk to public safety has receded. We will evaluate external factors, including instances of violence restriction on peaceful assembly. And other markers of civil unrest. This, according to somebody named Nick Clegg, who was Facebook's vice president of global affairs. So a president Still the leader of the second Most powerful political party in the country, second, at least at this point because the Democrats hold obviously the White House, the House of Representatives and the Senate. The leader, the de facto leader of the second most Powerful political party in our country is silence for the next two years, which ironically takes us right through the 2022 midterm elections. So is this playing politics where politics should not be played or Good business sense for Facebook. Sometimes when things get that murky and a little bit, uh, convoluted. We like to bring in a guy who's never murky or convoluted. He is the chief marketing officer of agency partner Interactive. And animals. Eerie has been on my show many times, and every time he is on, it's a good day, and he's standing by right now. Adam, How are you on this glorious day? Can doing great. Great to start the day with you. It's great to start the day with you, Adam. Now listen. We know the clout that Mark Zuckerberg has. We know Jack, What's his name at Twitter? We know the clout they have You and I have talked before These guys do something sometimes stupid. Six weeks later there up on Capitol Hill say they're never going to do something stupid again. And then they go right back, and they do something stupid. And then six weeks later, they're back on Capitol Hill. So I'm just wondering what this this Facebook decision knowing full well that Facebook operates without rains. There's There is no government policy. That one rules this thing in rains it in without without that kind of discipline. It would seem to me that Facebook has opened the door to suspending anyone. It doesn't like if that someone does something It doesn't like maybe not as egregious as being part of an insurrection. But anything else they're going to experts to assess whether to the risk to public safety is receded. Experts. They don't say the experts are this thing is totally off the rails, is it not? Well, you're exactly right. It's like they're experts. It's actually more like the phone of friend thing from that the game show. I mean, they're calling people that they know that are in their network. As you know, can you kind of kick things off making reference to the VP over their Facebook? Who's making a lot of these decisions? Nick Clegg, This is the guy that I think we should talk about a little bit. Nick Clegg is someone who is a former member of the British Parliament. He's a guy with almost 20 years of experience As a politician, he was actually the deputy prime minister of the UK for five years. This guy is a very, very left leaning politicians. And now he's an operative in an executive at Facebook being paid very well and and being enabled to make political decisions that are are truly impacting the United States. Can you imagine now that a retired British politician is now more powerful than the at one point the sitting president of the United States in terms of being able to decide who he can and cannot communicate with? It's just mind boggling to me and you know what goes around comes around right now. It's it's the censorship of conservatives. But things change right And so it's It's really not just out of left field to say that this could also impact the left at some point as well. You're talking about a platform here that Is truly a megaphone. It's truly a connector that connects messages and people. And so when, when those in charge change a little bit, whether it's You know, through retirement attrition or take over. Um, you've got to really ask yourself. Okay. Well, now who's controlling the messaging and the intent behind those messages? I mean, this is this is a crazy situations. This is so we're 17 months away from the U. S midterms. This trump ban expired in 19 months. A little weird, right? Right. Right. It is, And I don't think that that math was any accident. But here you go. This is this is Facebook and you say the other side may be affected. The Democrats may be affected by it at some point, but yet if you're if you're putting a person like Nick Nick Clegg in charge of your global affairs, and he's dictating what Ken? It cannot be seen on a business that operates in America. That is the number one social platform in America. My guess is there are other like minds on that. That, uh That advisory board. Besides Nick Clegg, they're probably all of that political bent. This is frightening. This is a monopoly. They have this They control all the servers parlor never had a chance. And so the people that that are identified as Republicans may be as strong as 74 million that voted for President Trump in the last election. They're scattered. That's the first thing you do, don't you? What do you want to break up power or you want to gain power yourself as you divide and conquer, And that's what they've done. They've scattered and conquered, Haven't they? They really have. They've scattered and conquered and colluded and conquered, right? I mean on Twitter, Trump had almost 89 million followers. You know, there are only 69 million U. S monthly active users on Twitter. Trump had 89 Million followers on Twitter Facebook alone. You know, you're talking about 35 million Trump followers on Facebook. About 20% of all US Facebook users were Trump followers and and so to see how Twitter and Facebook and of course, also Amazon and Apple and Google have worked together to Target a group of people that they don't like the shut them down to silence their communications with and also to go after their ability to offer competing products on the market, really scary stuff and we have to reel it in. These are private companies that are acting with the power of a defacto government. And so I think that it's going to take a regulatory action to actually make things changed..
WGR 550 Sports Radio
"nick nick" Discussed on WGR 550 Sports Radio
"So that's gonna be trained Lance's best chance to start if you just put it all out on the table as far as which quarterback of the chance to play and replaced the starter because of who they're coming in behind. I think it's Justin feels that the better chance replacing Andy Dalton at some point If you go head to head with no injuries involved, Couple my first round winners. I like to the Bears pick of Justin Fields. They haven't have a franchise quarterback really like since Sid Luckman. I don't know if you want to count Jim McMahon, but it's been a long time. In Alabama was one of the big winners of the draft. Overall, 10 players drafted eight in the first two rounds. I think I know why they won the national championship. Anybody else Michael you had is a winner who deserves a shout out from the weekend. Hold on for a quick a nick sables calling right now he says, Hey, we appreciate Erin, uh, saying we had eight guys drafted in the first two rounds. Can we simply just get some love and say We have seven guys selected in the first round. Okay, Let's just worry about the first one that just got you know, Nick, I'd like to apologize. I'll make that stat make you look even better than it already does. You had seven guys taken in the first round. Although one of them the offensive lineman that went to the freighter's was probably a third round pick. They got taken in the first round of whatever you know that it played a turban that Nick Nick doesn't care. He doesn't care. You know what? I like to jet? I like What? I'm sorry. Not just the Jaguars. Obviously. Trevor Travel or into me. I get it. You get it? Why do you do that to jet fan? You jet fan thought they were going to get some love and then you immediately I don't like to think I don't like this. I don't like to Zach Wilson pick the Jets are in a position to go ahead and roll the dice on that again after Sam Donald and work out, So I like the Jaguar is going to two clips and players in the first round. Of course, it's Trevor Laurence. Destiny's After need anything. I could have made that pact, but Travis 80 and pick is interesting and it's interesting to me, you know that they've to a has now hooked up right with Waddle in the NFL and Burrow which you mar chase interesting the way those quarterbacks and receivers have connected now in the NFL Up Next, we go live to Green Bay Firm or on the Rogers situation. This is Game day, ESPN radio, the ESPN app. We're.
The Side Quest Inn Podcast
"nick nick" Discussed on The Side Quest Inn Podcast
"Battle just did you read the subpoena. They didn't give me any papers. I just talked to nick nick. He's new here he's new. He'll of course. I can't speak until you'll representative. Oh we can go over all the details. I just need to know if you our lawyer off. You like to pick your own. Well i would like to subpoena i. It's not how that works. you must have legal counsel. How're you at your good arguing. A how do you feel about that. I don't really know the law. If i'm being honest i would love to represent you however you can lose if you pick me because i'm not. I'm not trained for this. I'm so sorry okay. The really old he might not you. It's me thing co counsel tim block. You're gonna need anita metaphor return in four minutes. That's very specific. Thank you sir. He he leaves rate. You know if malaya's like he's he's not human. He's died a bunch of times. They've things also he has nothing. Lawyer is the most cheating they've ever actually. He would be a guy. That's a lawyer to me. That's maybe what he does for. The i.
Newsradio 700 WLW
"nick nick" Discussed on Newsradio 700 WLW
"Chevrolet. You create your custom creating and shipping solution. Visit you Crate. Calm. All right, we'll take until nine. You take it slow. If you're out on the roads I got you covered. And Jerry Jeff Walker is in at nine. Tonight. He will take you nine to midnight. Let's uh Let's take some callers who could be perhaps on the scene or those who have experienced and can report on what the scene was like. When they were out. We head to a rock on 700 wlw rock. Where are you? What's it like? Hey, Lance to first before, if anybody hears this, don't don't even attempt for 71 South. I'm at the top of the hill, you know, get ready to head out down the hill towards to 75. I've been stopped here for 20 minutes. I left downtown. But 5 20. It's 7 26 so I don't know what's going on. I mean, there's gotta be a lot more than then. I then I know from ways or a Google app, but And one last thing I would say my friend is don't make the mistake I did. When I was going to lead downtown. I decided to take a look at Riverside Avenue. It looks like you can keep going, but it actually closes a few miles in the Riverside Avenue on and there's no way to get around it. Except turn around and go back, man. All right. Great advice. Thanks. Rocks. Stay safe. Be careful, right. That's right. Take care, right? That's good. Erin on Twitter delivering pizzas in Bellbrook, Ohio. Roads are awful. You hang in there. John Mack Lem detail in the story of his travels on the road on Twitter and Nick Nick on Twitter, says lines, but he stopped talking about peeing. I don't think I didn't think ahead and now I'm contemplating my options. Stuck on to 75 East battle to Wilder exit. Yeah, There were so many calculations running in my head of you're looking OK, Gas. I got it. Okay. I got enough gas Don't drink any of the water. You've got gas. Okay, I and then But my panic has always been not making it to the show in town on time. Years ago. I did the Friday Bengal show with Trump. Bob Trumpy on down the dialogue. 15 30. We did it in buffalo. Why? Wings rotating every Friday, and it was the blizzard that hit I don't know, 15 years ago. How long of a man back here? I've been back 24. Maybe it's 16 years ago. Whatever that, anyway, I left three hours before the show started. And I did not get to the Buffalo Wild wings on time. And the lesson learned Woz never allow Bob Trumpy on the air by himself when you're supposed to be there with him, because he as you could imagine he sliced and diced me. I ended up calling in It was like what? Where are you? What do you mean? You're not here? Don't you think it's your responsibility to be here on time like a professional and this is all It's all unfolding him sitting in the bubble while wings me in my car on my phone and the conversation playing out of the radio is he just crushes me? I'm like I left three hours early. Still wasn't enough. How about Sean on 700? Wlw? Hey, Sean. How you doing about it? I'm I have made it. Where are you Are? Where have you been? I left love one that a quarter after four. Not just come into people's Oh described conditions you faced. The roads of solid white is completely covered or not. Some places you got some decent tracking, but most of us completely covered traffic down. It took probably an hour to get from old 74 to the top of the hill. But Abia When I came through there because it was just bumper to bumper. Nobody was very fast about 2.5 3 Miles an hour for that track, man. Oh, man. It's just been that way all the way. But that's all right now, as long as I've got about three minutes and I'll be at the house, there you go. Well hanging there. Appreciate the report and be safe, All right? Okay. All right, you as well Right? That's good. This is good. I kind of like, I mean that guy, you know, I figure at least we could do a public service. Everybody else who's either in it, or has to be in it at least for a little bit longer, So we'll take some more calls. John and Alison and Chris and others at 5137491 7800. The big one and pounds 700 on a TNT. I misspoke earlier, Gary Jeff Walker is out tonight. Dan Carroll is in. He will take united to midnight. I will say it eight o'clock tonight. 80 Wait. I don't know if you've heard about what is going on the The phenomenon of the Hashtag Cross town tip off and what Chad Brendel has started Friend of the show from Bear Cat Journal. They have created a a fund. You've heard of all the tips being left at restaurants for the staff's well. Chad Brendel through Bear Cat Journal, along with Rick Brokering of Musketeer report are now tag teaming with You see fans and Xavier fans to contribute funds to three establishments in town. It has blown up. The numbers are off the charts. In terms of what they have gathered monetarily. They will tell that story and given update coming up in the eight o'clock hour, but front and center your phone calls on where you're at where you've been and what you're facing on the roads As we roll on. News is next, you create sports talk Presented by Kelsey Chevrolets 700 WLW. News, traffic and Weather News radio 700 w L JEALOUSIES Cincinnati So impacting the tri state again with the 7 30 report on Sean Gallagher breaking now part to wonder whether this week making its way to the tri state during afternoon rush hour, leaving motorists dealing with white out conditions. Rosa quickly became snow covered, forcing Travis come to a crawl and even a standstill since then, that heavy snows moved out, but another Inter to could still fall.
WIBC 93.1FM
"nick nick" Discussed on WIBC 93.1FM
"Wage increase. GOP Senator Joni Ernst argue the hike would be devastating for hardest hit small businesses at a time when they can least afford it. The passage of the budget resolution paves the way for a simple majority vote to pass President Biden's $1.9 Trillion coronavirus relief plan. Just like she did this morning. On the budget resolution. Vice President Kamila Harris is expected the cast the tie breaking vote on the stimulus and the evenly divided Senate. Rachel Sutherland. Boxes. Well, they weren't a fan of some of the things she posted on Social media. So the House is taking away committee assignments from Congresswoman Marjorie Taylor. Green House Democratic leader Steny Hoyer says this had to happen. This is not about party. About whether or not You will vote for decency. And truth. Not The Members worst nightmare. All of Indiana's representatives voted along party lines with Democratic representatives Andre Carson and Frank Mervan voting to remove green from the budget Committee and the Education and Labor Committee. The seven Hoosier Republicans that serve in the U. S House voted against her removal. Could there be a third Corona virus vaccine put into use Johnson and Johnson's asking the FDA to give its vaccine emergency You use authorization, which could be granted by the end of the month. It's a single shot, and it's 66% effective. Which is less than the effectiveness of the Madonna and Fizer vaccines. The NFL is expanding its Super Bowl coverage. Nick Nick Nick Nick Nick Nick named Nickelodeon.
ESPN Chicago 1000 - WMVP
"nick nick" Discussed on ESPN Chicago 1000 - WMVP
"I'm gonna snap one top shelf hearts come through the power play to cut the lead in half. It's the Hall of Famer Pat fully on the call on NBC Sports Chicago Last night. He will join us in about 15 minutes here. The hockey show on ESPN 1000 Brian Hanley. I am Pat Boyle. That was Dylan Strom's third goal of the campaign, the on Lee tally from the Blackhawks last night. Strom also was a 10 of 16 at the faceoff dot the fourth time this season. He's 1 60% orm or off his draws, So he's off to a good start it and we were talking about finding guys that can be finishers on this team. Strong's gold last night was definitely a type of play that a finisher makes and They're asking him to step up in class here. You know, I think he was penciled in to be the third line center. With Dave's out with Doc out. He's been your your second line center with courage, Chef and Kuba leak and so far coming off the contract extension, Brian he's been fantastic. Yeah. And look if you come away without a goal in that situation on the man advantage after Kubelik had those two great opportunities. I mean, that's demoralizing, and you mentioned the face off. You know what he's doing on the dot and, you know Jonathan tapes Unsung part of his game or certainly, box fans are aware of it. But when he's on his game, you got to get the puck from the draw. Right ordered tea generate anything. So with tapes out for who knows how long you don't need guys like strong? Not not only to bury parks when you get an opportunity, but get the park and keep it in the zone, you know, Start anything you're gonna generate offense or even on a power play. So Dylan is going through some changes here. Let's just say that he's only 23 years of age right before he left for the bubble and badminton. He and his girlfriend, Taylor found out that she was pregnant. She is due in March. They're gonna have a baby girl. He is going to turn 24 in March. He just got that contract extension. I mean, this. This guy's going through a lot, You know, right here. What We also know he's like best friends with Alex to break it. And so yesterday I caught up with strong. I asked him, you know. Is he talking to Alex a lot? And how is to break it? Feeling of courses on covert 19 protocol list? Talked him a lot. Um Hopefully, it's not as long as they originally thought. So hopefully I'll see him soon. And, um, no, it's zoo. Never ideal. I mean, um, no, it's kind of the world we live in today. You know, it's It's weird how you know some guys can get it in some guy's, um, another rest of team is okay. It's Z. Just weird. It Zez really make sense. I don't think it makes sense to anyone but the reality we're living in and it sucks. And we wish it was fair ends here and everything. And just try to get through a day by day and Look for the next team. I thought the one thing he said there. That was interesting. Brian was hopefully he won't be out as long as originally thought. You know, again, we're reading into this. This is a lot of this is, uh You know things that are kept private because of HIPPA laws and covert 19 protocol. But it sounds like you know, maybe to break it might be back, maybe a little bit sooner than that. Two weeks that we originally heard. Yeah, well, the insidious part of this pandemic and this virus is it runs spectrum right from asymptomatic, too mild symptoms to I C U and worse so It's it's you know, it sounds like like he said. If you're reading between the lines there, that may be mild symptoms or no symptoms. Who knows? But, um, the good news is that there doesn't appear to be an outbreak. Right. Right s o that. That's what? You're not gonna be missing games here. Off the schedule, so good thing, they caught it, and hopefully he is going through the protocols and getting whatever you know, medical help he needs if he needs it to get through this thing. Yeah, and you, You know, so you've got wall Mark. You've got to bring kit and you've got both quest right now on that covert 19 protocol list and originally the Hawks, said Bo Quist. And the brink. It would be out for two weeks. We're still holding out hope that tape's will be back at some point again. We talked about it last week. We're not going to be in the The business of story in history of speculating is stirring up the rumors, but we we are holding out hope that tape's will be back at some point that this team needs Needs guys to help them scoring certainly five on five and so you know, it was going to be tough at the start of this season. Even if Doc and saves were available. Take those two out of the equation. Take to bring it out. Now. Take wall Mark out. Take Uh, me Lander out of the equation. I mean, it's next guy up words starting tol too. Pretty deep on that death trap. Ryan. Yeah, but you are seeing some guys emerge or guys you want to see more off. So that's good news to you know the suitors and Nick Nick Voting also in is gonna be a guy that you know you want to take a look at a little bit here and Jeremy Carlton has been talking up. His training camp. Certainly, and now, if he's going to get an opportunity here, with both fists out, we'll see. But no one had the Hawks pencil dinner intent as a playoff team..
WFAN Sports Radio_FM
"nick nick" Discussed on WFAN Sports Radio_FM
"We got some teams that I added some coaches here the New York Jets, they actually hired someone who's not a recycled piece of trash from another team. Robert Sala. Is the new head coach of the New York Jets. If you go down south if you go down to Jacksonville, Urban Meyer Is the new head coach. Of the Jacksonville Jaguars. And that's what we talked about in the first hour of the show. We got a lot coming up. Dante Jackson, cornerback from the Carolina Panthers, will be joining us. Trevor May 1 of the newest New York Mets will be joining us. He's actually working on a fan created football League. Johnny Manzella is is gonna be one of the players on this. This football league will talk to Trevor May about it. How about a New York Met? Owning of a new football team, but we'll we'll figure it out. Right now. We're talking about the NFL right now. We're talking about Real life. I'm talking about the fact that urban Meyer and 56 years old despite his health issues, still someone who went out there and won three titles. He wanted to the perfect job. He's going right into the perfect situation. If you're a wannabe NFL head coach. I don't think this will be a next saving in Miami. Oh, well, I need to quit. I don't think this will be a chip Kelly and adviser and Philadelphia This will not be a Ah, Greg Shiancoe. Let me cross my arms and look angry in Tampa Bay. I don't think we'll see. Ah, Steve Spurrier. You know what his visor This is this should actually work for urban Meyer. The Jacksonville Jaguars are gonna have the opportunity to select Trevor Laurence. The Jacksonville Jaguars got more cap room than anybody. And even outside of trouble, Lawrence the Jacksonville Jaguars will have four picks. In the 1st 45 selections off the draft this year. They have young, budding offensive weapons, A change Robinson going to get better. The viscous should not Junior is going to get better. Shark is going to get better. This is a team that can't be worse than what the hell they were last season at one and 15. He has a chance to come in with young players. It's not a bunch of vets walking around saying what we used to do it this way. Well, what is urban Meyer? No. This is this is the easy bake oven. Of NFL franchises and Urban Meyer. You can say he left Ohio State, and you could say all Well, he left here in Florida and guy had health issues. You know whether you want away health issues versus being a quitter. Okay? I can see that. Yeah, he won't be able to walk around and recruit. He couldn't have a better situation. Nothing. Things will work out here in Jacksonville. Not saying he's going to stick around for 10 or 15 years. But the team will get better. Sure as hell can't get any worse. You can tweet me at J. R. Sport briefing the number here. 855 to 12 for CBS is a 55 to 1 to four. CBS. We got a bunch of callers who have opinions. On Urban Meyer. Let's start off in Florida. Let's talk to Nick Nick. You are C B s sports radio. Hello, Nick. Yeah. Nick, you're listening to me. You live, man. Go ahead. Yeah, I'm just curious. I want to know how you think everybody is going to do with Trevor Laurence, Since you know all the offenses he has success with. He had like a primarily running quarterback, and I know that's never really been Trevor. Laurence your strong suit, So I'm just curious to see how you think this is gonna play out for Well, I don't. Well, first of all, I don't think urban Meyer has necessarily run around and just been like, Hey, I'm offensive coordinator. Hey, I'm defensive coordinator. Urban Meyer has always taken a position of I'm just gonna run the whole show. He goes out there and he builds up programs he wins. It doesn't matter if you're taking a look at at Utah or going to Ohio State or or run in Florida. And the NFL and just football in general has changed. It doesn't matter. This guy's been coaching for about 20 years. Right now, the game is predicated on passing. The game is all about throwing the rock around the game is about throwing So I'm not looking at urban Meyer and saying, Oh, this This guy's antiquated. He's a dinosaur. I mean, look, Nick's saving and we talked a whole hell of a lot about Nick Saban earlier this week after the national championship victory. But Nick Saban has has changed his ideology. Let's run the ball. Let's play defense. He moved into a space of well, just give me every single wide receiver that I can get. Let's throw this ball all over the place. Let's movinto strictly defensive team, and so how many can we put up? 50 points a game? Do we have the talent to do it? Oh, yeah. Let's do that. So I want to give him a little bit more credit than look only knows how to do is throw out an offense that runs the ball. I don't think he's Fred Flintstone. John is calling up from Houston. John, You're CBS Sports radio. Do you think Urban Meyer will work out? No, 100%. I really did. I think you work out great. And then he's got all those draft choices. My God, He's got four in the first, and if you look over the whole schedule, I think he's got close to 20. If you go all the way through the seventh round My goodness. You know, he's got like 40 in the next two years. Yeah, yeah, it's gonna work. I'm not gonna say that All 20 of them are gonna be first string, but you know, it's a lot of times. People get hurt in this next man up. You know what I'm saying? So he's gonna have a second string, too. But, yeah, I definitely think it's he's gonna work. I definitely do. And Plus, I think Jacksonville Jaguars will be the most improved team next year. 2021. Than anybody in the NFL. Really do. Okay. John John. Sorry about the echo John. I wonder what most improved means. They won one game. Does this most improved me net they graduate to seven wins. Do they gotta crack 500. Do they gotta go? The eight.
Greg Bedard Patriots Podcast with Nick Cattles
"nick nick" Discussed on Greg Bedard Patriots Podcast with Nick Cattles
"The Patriots were I think going into the draft. They wanted the target more often sung up early. And what does Belichick do we spend the first three picks on defense? And I think I asked a question of somebody at the time I said, well is Nick Nick do anything is Nick going to do in that like what is it going to do tackle them like Bill and so I don't I don't know. I think Bill would like another voice. I don't know. I think he maybe he wouldn't acknowledge that off. But I think I think the Patriots definitely need somebody and maybe this this comes into play with say a PO lie or dimitrov or a bob Quinn who she could recycle former Patriots Personnel people who are out of jobs right now that could come in. I mean peole is certainly would be a strong foil to double-check does is he interested in that after running his own juice? As you want to come back and work for Belichick. I don't know but the recycling thing Greg the concern here would be again from anybody who's you know, and you've been critical of the drafts the last few years. Do you want somebody who's looking at things with with 2010 eyes, you know as the game changes and as player evaluations change and what again the issue here seems to be Belichick at the end of the day just having Supreme faith in I know what a good football player is and you've said that before that guy's a football player. I know it because I've done this my whole life. Now the question is whether or not he's wrong more often than he used to be because he's not recognizing how the game has changed or what exactly you need to be successful, you know wage and and and to draft impact players for which they lack if you bring in an old guy who did it the old way. Is there a fear that you're going back to that you're staying in that system instead of moving fog. Wouldn't it be better theoretically to bring in a younger Voice or a newer Voice or someone who can look at things a little bit different way and count counter bill. I I I just don't know that people would be super not satisfied with with with with a recycled version of a person who's been here before or and or been out of the game for a little bit of time. Yeah. I mean I get that but I think that's more of a month that's more of a sort of scheme type of thing. Like do we want to evolve in certain areas, especially on defense where you know, whatever we want to use, you know, let's get back to 3 down guys instead of just, you know role players and things like that and and really it's at the end of the day. I mean, it doesn't really matter who they bring in whether it's Scott P or Thomas dimitroff or Zeigler or Elliot wolf. It doesn't really matter because it's Bill and it's whatever Bill and and the thing is and I think I talked about it with Nick. I did last last podcast dead. Two people want to listen to it. There is enthusiasm within one Patriot Place that Belichick does realize what's going on that he needs to change early Salter wage way and and part of that thinking was changing up some of the voices in the Personnel department. And so as of right now, it seems like things are going in the right direction..
KNBR The Sports Leader
"nick nick" Discussed on KNBR The Sports Leader
"Put their foot on the throat of their opponent and gap. The field. This is a big drive. You capitalized on the first special teams miscue that Oregon handed you in a gift draft basket. This is the second opportunity for you to capitalize. This is a big moment in the progression of a program I was stable, started the duck 14 yard line. Big tight, insane. Her motions into the backfield on first down party will give it to Bree's whole off the left side. Contacted at the 13 sheds the tackle gets up to the 11 before he's finally taken down by Popo, Mama. Bye. It'll be second down under eight minutes to go here in the third. When Nick Nick we be who's the back up who's in there? In the place of Isaac Slade Mata to a who was ejected on the targeting penalty? He was able to engage with the block of Dylan saner. One of those really talented, tiny tight ends able to disengage from that hit. The running back didn't get him all the way to the ground but slowed him down enough. To allow his teammates to rally around him really impressive individual effort by the backup Reese all bent up to 99 yards on the ground second down and seven from 11. It's a flip to the man in motion. Tariq Milton, but organ sniffs it out and cave on tiptoe takes him down for a loss of five yards. First time we've called that talented young man's name on the day, but his athleticism was on complete display. He was the read option that Brock Party was reading right there. Property gives it to the back coming behind the line of scrimmage, and Thibodeau's able to catch him right in the back field for an easy tackle. All right, that was textbook Thibodeau in position. I'm the quarterback. And the man coming across the motion Milton and took him down for a loss of five. Third in 12 from the 16 yard line. Gyro Brock now in the backfield, snap too purty. They rushed three. They pressure purty dumps it off incomplete. Looking for Brock, maybe a check down out of the 20 not able to get it Now it's Fourth down. Organ defense. Second time on the day they respond in the first half. It was on the goal line stand. And then this drive. It was on the sudden change The special teams miscue. They're able to force the three and out and forced I was state to punt. Was state with the missed opportunity to really grasp this. This game completely be a 33 out of 10. For Connor Asali. It was 11 for 17 on field goal attempts so far this season. There's the snap. It was low placement is there kick is right down the middle, and it is good 33 yard field goal for Connor, A Solly and Iowa state's lead is up to 14.
KNBR The Sports Leader
"nick nick" Discussed on KNBR The Sports Leader
"Team that scores 30 points a game allows only 17 points a game runs it beautifully. Liv Tyler Nevins and 8.9 Yards a carry Kyrie Robinson. And has a steady quarterback, and Nick Nick Starr Cole, who leads the Mountain West Conference in passing efficiency, the defense has led by pass rusher Kate Hall, who was just named Mountain West Conference play defensive player of the Year about that, and who, along with Polly tight and Derek Cheese Jr is one of two players on this team whose dad's won Super Bowls with the 40 Niners. Wealthy indeed, here, I know. Well, I don't know They're up against it. Here Now Cove, it forced their training camp up to hold the Humboldt County covert force them on a mid week trip to Hawaii instead of all Home game where they won. Yeah, and covert force them to Vegas last week for a stirring comeback win over Nevada to qualify them for this weekend's first ever Mountain West Conference championship game. It is a pleasure to nominate The San Jose State Football. Spartans for Bay Area team of the Year. Fourth and four. Carson Baker scrambling fires to the sideline and it's incomplete and it is over. San Jose State gets the football bread. Brennan gets a signature win and this program is three and go for the first time in a long time. 1982 1982 82 Garretts father returns. Bs or Gary through. Look out. Freshman speedster May house this one Garrett all the way. Touchdown. San Jose State New Ballgame From Biggest that his physical look at him. Go, Tyler never touched down. Jose stay sounds a state He's going to play the Mountain West Championship game for the first time in school history. What a story What a season for print print in Dallas Spartans, their best started 81 years continues. The dream is alive for San Jose State. Awesome night. First Farms everywhere, you know, selfishly, it's an awesome night for our team. Just this team is amazing. And you know the game first half didn't look good scoreboard was ugly and We got in there and half time and kind of regrouped and just talked about playing for each other. And the rest. I guess his history. It's nice it we're going to ship man. Fantastic. Feels great. I love their sideline noise, right? No, they just you know, with no crowd, you can hear the players just whooping and hollering. So there you go with this. We're starting big Paulie, the 40 Niners who went to a Super Bowl. The Giants, who surprised us all the way to the final day, the D. A's with their perennial excellence and the San Jose State Football. Spartans, the surprise nominee of the year. Tough category, man without further into okay coasts. And the winner is Polly. It is our pleasure to O r. Bury a team of the year for the first time ever to the San Jose state. Nice Great graduation. Sports. Yeah. Come on down. San Jose State coach prints Brennan to accept the award. Congratulations, Coach Brennan. On behalf of the sounds of a university football team would like to say thank you and accept the award for Bay Area team of the year in 2020. It's been incredible journey for this football team. We've been through so much. The world's been through a lot, and we've been navigating the course of coded.