CoinDesk Podcast Network - BREAKDOWN: No, Bank of England, Crypto Is Not the Same as Subprime Mortgage Debt

Why financial stability discussions should focus on institutions and transparency, not underlying assets. 

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW takes a deep dive into a recent speech by Sir Jon Cunliffe, the Bank of England’s Deputy Governor, Financial Stability. The speech was called “Is ‘crypto’ a financial stability risk?” NLW explores the four reasons Cunliffe is concerned about the potential for crypto to grow into a systemic financial risk. He argues that ultimately the focus on digital assets is a distraction from the real problem: opaque institutions in the traditional financial system.  

-

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.

-

“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 “Tidal Wave” by BRASKO. Image credit: RyanKing999/iStock/Getty Images Plus, modified by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Commentary Magazine Podcast - Trump Threatens the GOP

Today’s podcast takes up Donald Trump’s statement that Republican voters will not turn out to vote unless the 2020 vote is somehow resolved in his favor. What does this portend? Will the results in the Virginia and New Jersey gubernatorial elections suggest a different future? And what about all this “national divorce” stuff? Give a listen. Source

Learn more about your ad choices. Visit megaphone.fm/adchoices

Headlines From The Times - Boardrooms so white and male? That’s changing

California requires each publicly traded company based in the Golden State to have at least one woman on its board of directors and, soon, at least one nonwhite or LGBTQ person. That’s because of a pair of laws mandating diversity at those high levels — laws that are having effects nationwide.

Today, we examine the topic with L.A. Times national reporter Evan Halper. We also talk with Dr. Maria Rivas, who has served on several boards and frequently found herself the only woman or person of color there.

More reading:

California outlawed the all-white-male boardroom. That move is reshaping corporate America

Column: California’s controversial law requiring women on corporate boards is back in the crosshairs

Newsom signs law mandating more diversity in California corporate boardrooms

The Intelligence from The Economist - For watt it’s worth: energy markets’ squeeze

A fossil-fuel scramble reveals energy markets in desperate need of a redesign. We examine what must be done to secure a renewable future. Throngs of Hong Kong residents fleeing China’s tightening hand are settling in Britain; our correspondent finds an immigrant group unlike any that came before. And the boom in “femtech” entrepreneurs at last focusing on women’s health.

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

Code Story: Insights from Startup Tech Leaders - S5 Bonus: Mahmoud Abdelkader, Very Good Security (VGS)

Mahmoud Abdelkader immigrated to the United States from Egypt, from a city 100 km east of Cairo, on the Suez Canal. He was 8 years old when he moved to New York City, and later in life, he moved to Maryland, which is where he really started to get into gaming... er... computers. He used to play World of Warcraft and Age of Empires a lot, and through his gameplay, he was led down a path of reverse engineering hacks to aid him in winning.

Eventually, he started learning high level languages, all in the pursuit of building game hacking systems. He got into real programming when he was 16, slinging some C++ and deciding that he wanted to be a computer engineer. Post college, he worked on Wall Street, which in his eyes, was where he really became an engineer. After working for a startup, he joined Y Combinator and built Balanced, a payments marketplace system, which eventually transitioned to Stripe.

Outside of tech, he plays basketball, and used to weight lift and do long distance running. He likes to set goals, crush them - and then move on to the next thing, keeping a well rounded life. He used to ride motorcycles, but his wife put a stop to that... especially given they are expecting their 2nd child soon.

Post his exit from Balanced, Mahmoud began listening to customer needs. What he heard people say was that they really wanted everything that he built in his former startup, minus the payments. Companies wanted the heavy lifting of data security taken off their plate, so they could focus on building their differentiated products.

This is the creation story of Very Good Security, or VGS.

Sponsors

  • Courier
  • Img.ly
  • Routable
  • CTO.ai
  • Cloudways offers peace of mind and flexibility so you can focus on growing your business instead of dealing with server management. With Cloudways, you get an optimized stack, managed servers, backups, staging environment, integrated Git, pre-configured, Composer, 24/7 support, and a choice of five cloud providers: AWS, DigitalOcean, Linode, Google Cloud, and Vultr. Get up to 2 Month Free Hosting by using code "CODE30" and get $30 free hosting credit.

Links




Our Sponsors:
* Check out Vanta: https://vanta.com/CODESTORY


Support this podcast at — https://redcircle.com/code-story/donations

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Bay Curious - Meet the Bay Bridge Troll and the Broadway Tunnel Dragon

This week on the show, we hear the tale of the Bay Bridge Trolls, who have been keeping the Bay Bridge safe since 1989. Plus, we get to know more about an oft-overlooked but very cool dragon sculpture on the Broadway Tunnel in San Francisco. It's a transit sculpture special!

Photos and Additional Reading:


Reported by Christopher Beale and Rae Alexandra. Bay Curious is made by Olivia Allen-Price, Katrina Schwartz, Sebastian Miño-Bucheli and Brendan Willard. Additional support from Erika Aguilar, Jessica Placzek, Kyana Moghadam, Paul Lancour, Carly Severn, Lina Blanco, Ethan Lindsey, Vinnee Tong and Jenny Pritchett.