Short Wave - Three Guidelines To Understanding The Delta Variant
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While the European Central Bank accelerates its digital euro project, one Fed official throws cold water on U.S. CBDC plans.
This episode is sponsored by NYDIG.
On this episode of “The Breakdown,” NLW analyzes a stablecoin-focused speech from Randal Quarles, vice chair of the Federal Reserve, starting with a primer on developing trends related to the topic, including:
The conversation around central bank digital currencies (CBDCs) is growing louder. In China, the digital yuan continues to roll out through lottery tests and, more recently, for use in the Beijing subway. Today, the European Central Bank announced a new two-year “investigation” period during which the ECB will prepare for a larger digital euro design phase with user consultation, regulatory discussions and market analysis.
Still, NLW argues that we can’t view the rise of public CBDC discussions in the absence of the growing adoption of private stablecoins. While these private, fiat-pegged stablecoins seem increasingly in the regulatory crosshairs, Federal Reserve Vice Chair Randal Quarles recently argued the U.S. central bank and policy makers shouldn’t fear them – and that, indeed, when regulated properly, stablecoins might make the need for a CBDC redundant.
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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Razor Red” by Sam Barsh. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.
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The story of how the song "Deep End" came into existence and became a hit is kind of wild. One person who really didn’t see it coming is the person who created it, Fousheé. She’s a singer and songwriter from New Jersey. You might have seen her competing on The Voice in 2018. Soon after that, she got asked to make a pack of vocal samples for the music platform Splice, where users can download samples and include them in their own songs, royalty-free. Coming up, Foushée tells the story of what happened with one of those samples, and how that led to her making "Deep End." That song has now been streamed over 385 million times. Fousheé became the first Black female artist to hit the Top 10 Alternative Chart in over 30 years.
For more visit, songexploder.net/foushee.
By Ishion Hutchinson
Chris Best is the CEO of Substack, an email newsletter platform that lets writers send newsletters and charge subscribers a monthly fee. The platform — which I use for my Big Technology newsletter — is squarely in the middle of the battle over online speech, looked at by some as an alternative that will displace professional media.
Best joins Big Technology Podcast to discuss his company's position in these speech battles, how he personally feels about the professional media, his investor Andressen Horowitz, and whether paid subscriptions are a better model than advertising.
You can subscribe to my Big Technology Newsletter here: https://bigtechnology.substack.com/
The OneZero story https://onezero.medium.com/the-moderation-war-is-coming-to-spotify-substack-and-clubhouse-9fe00672091b
Born in 1933, Donald Henry "Pee Wee" Gaskins Jr was a prolific serial killer and rapist in South Carolina. Authorities still aren't sure how many people he may have murdered. In this episode, the guys join Jeff Keating, the host of Pee Wee Gaskins Was Not My Friend, to learn more about the this murderer's early life, his crimes, and how he eventually got caught.
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