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Instead, the weekend’s rapid price action had its roots in over-leveraged traders.
This episode is sponsored by Nexo.io.
In 20 minutes on Saturday night, bitcoin’s price fell by more than 12%. Crypto Twitter raced to explain it as the byproduct of hashrate crashes after Chinese miners went offline, a suspicious report about the U.S. Treasury Department going after crypto money launders, and/or an upcoming ban in Turkey on using cryptos as currency.
NLW argues that all of those explanations are hogwash and that the crash had much more to do with leverage in the system than any fancy narrative.
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By Jasmine Gibson
What's it like to try and police millions of pieces of abusive content every day? Sudhir takes us inside Facebook, as he and his former colleagues recall how hard it was to encourage civility at a company obsessed with growth — especially when that growth was often driven by some of the most toxic behaviors.
Clearview AI is back in the news with more reports of its facial recognition software being used for dodgy ends. An attack on an Iranian nuclear facility prompts international observers to ask about the timing of the operation as the US signals interest in returning to the nuclear deal. A small island community in the Pacific struggles to understand what they should do next in the wake of Prince Philips' death -- after all, they literally worshipped the man as a God. All this and more in this week's Strange News.
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Closing arguments today in the Derek Chauvin trial. Warnings missed about the FEDEX shooter. A NASA helicopter flies on Mars. CBS News Correspondent Steve Kathan has today's World News Roundup.
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Some of the territory’s most outspoken activists—from media mogul Jimmy Lai to “father of democracy” Martin Lee—have been sentenced. We look at what’s left of Hong Kong’s protest spirit. Scientists have been making hybrid animal “chimeras” for decades, but newly developed human-monkey embryos raise serious ethical questions. And how the Arab world is changing channels as propaganda consumes Egyptian television.
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Mike tells Sarah how liberal magazines turned a "kids these days" moral panic into a national crisis. Digressions include Law & Order, Dave Foley and swimming pool etiquette. This episode contains detailed descriptions of sexual assault, mass shootings and suicide.
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