Month: August 2021

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CoinDesk Podcast Network - BREAKDOWN: White House Unveiled as Puppet Master as New Amendment Threatens Crypto Industry

The administration’s public support of a restrictive amendment calls into question the original motives of the crypto provision.

This episode is sponsored by NYDIG.

The infrastructure bill-related surprise in the U.S. Congress came in the form of a competing amendment with a short list of exemptions from the original language. On this episode of “The Breakdown,” NLW addresses the latest updates on the bill, including:


The White House claimed support of the Portman, Warner and Sinema competing amendment, citing its ability to strengthen tax compliance in the crypto industry. Crypto advocates have been quick to call out the intentional gaps in the amendment’s language as well as the clear lack of technological understanding.

The proposed amendment specifically excludes proof-of-work mining from the reporting requirements, a surprising stance compounded by the fact that the language itself seems to misunderstand the difference between validation and mining. Some Bitcoin maximalists rejoice at their preferential treatment over proof-of-stake networks like Ethereum, but it remains unclear whether this amendment would protect even Bitcoin in the long term.

If the amendment were passed, the bill itself would not go into effect until 2023. Organizations like Fight for the Future are creating resources for crypto allies to contact their senators. If the amendment passes, how will crypto adapt? 

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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: Alex Wong/Getty Images News, modified by CoinDesk.

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Motley Fool Money - Hot Jobs, Square Deals, and Hot IPOs

The stock market hits a record high on a stronger-than-expected jobs report. Square buys Australian fintech company AfterPay for $29 billion in stock. Etsy tumbles on earnings. And Weber Grill makes its public markets debut. Motley Fool analysts Ron Gross and Jason Moser discuss those stories and weigh in on the latest from Cloudflare, CVS Health, Mercadolibre, Wayfair, and Draftkings. Our analysts share two stocks on their radar: Synaptics and 10x Genomics. Plus, we revisit our July interview with Fiverr CEO Micha Kaufman and talk about the future of work.

 

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Headlines From The Times - The Beirut explosion, one year later

When a warehouse filled with ammonium nitrate and fireworks exploded at the Port of Beirut on Aug. 4, 2020, it pushed out a fireball into the air, followed by a shock wave that raced inland at supersonic speed. A trail of devastation followed: 200 people dead, thousands wounded and 300,000 homeless.

The Lebanese capital’s more than 2 million residents have spent the last year trying to rebuild not just their lives and buildings but also the pride and confidence of a city and country left in tatters. Their government hasn’t helped.

Today we talk with L.A. Times Middle East bureau chief Nabih Bulos, who was injured in the explosion. And we hear from relatives of those affected.

More reading:

Once, they were symbols of promise. The Beirut blast turned them to monuments of despair

Lebanon’s people line up in ‘queues of humiliation’ as their country unravels

A roar, an explosion, then a blank: An L.A. Times reporter’s ordeal in the Beirut blast

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The Intelligence from The Economist - Coming in harder: Iran’s new president

Ebrahim Raisi takes office as the country is blamed for multiple attacks in the region; a more mistrustful, hardline and aggressive regime awaits. Our correspondent meets a woman first trafficked into a sprawling Bangladeshi brothel at age 12 and who is now in charge of it. And the high-tech shoes that may be contributing to tumbling world records in Tokyo.

For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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The Best One Yet - 💋 “Rihanna Rich” — Fenty’s celebrepreneur. Clear’s ID-killer. LUber’s opposites.

The newest billionaire is Rihanna, but the real story is the new business model of “Beauty Celebrepreneurs”. Clear Secure’s stock is up 75% since their IPO because they want to kill off wallets forever. And Lyft and Uber (“LUber”) both reported earnings this week… but they’re no longer the same company. $YOU $LYFT $UBER $LVMUY Got a SnackFact? Tweet it @RobinhoodSnacks @JackKramer @NickOfNewYork Want a shoutout on the pod? Fill out this form: https://forms.gle/KhUAo31xmkSdeynD9 Got a SnackFact for the pod? We got a form for that too: https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewform Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.