CoinDesk Podcast Network - THE HASH: Former Alameda CEO Reportedly Taps Ex-SEC Crypto Regulator as Lawyer; Cathie Wood’s Ark Buys More COIN
This episode is sponsored by Bitstamp and the Galaxy Brains Podcast.
The most valuable crypto stories for Monday, Dec. 12, 2022.
"The Hash" hosts discuss a report from Bloomberg that former Alameda CEO Caroline Ellison recently hired Stephanie Avakian and law firm WilmerHale. Avakian is a former enforcement division chief at the Securities and Exchange Commission (SEC) who worked on several high-profile cases against figures like Elizabeth Holmes and Elon Musk. Plus, Cathie Wood's Ark Investment Management said in an email it bought 78,982 shares in cryptocurrency exchange Coinbase (COIN), its first investment in the crypto exchange in a month.
See also:
10 Questions for FTX CEO John J. Ray III From a Securities Lawyer
SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion
Ark Invest Adds Coinbase Stock as Crypto Exchange's Price Slides
First Mover Americas: Cathie Wood’s Ark Buys More COIN; Do Kwon is in Serbia
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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Bitstamp is the longest-running crypto exchange and was recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net.
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Galaxy Brains: Whether it’s breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDesk
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The Gist - Making Alex Jones Pay
Wednesday is the tenth anniversary of the Sandy Hook shootings. Alex Jones has filed for bankruptcy in an attempt to shield himself from the approximately $1.5 billion he owes families. Elizabeth Williamson is author of Sandy Hook: An American Tragedy And The Battle For Truth, and she joins us to discuss her coverage of Jones’ trials and insights into his strategy and tactics in avoiding accountability. Plus, President Biden is accused of “weakness” over swapping Brittney Griner for Viktor Bout, and Germany’s Prince Heinrich XIII gets pinched.
Produced by Joel Patterson and Corey Wara
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Cato Daily Podcast - Occupational Licensing and the Private Market Actors Who Make the Rules
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Consider This from NPR - Tech Layoffs Throw Immigrants’ Lives Into Limbo
Since there is only a 90-day grace period for employees who are laid off, Tu is now racing to find a new job. That will be especially difficult because nearly 150,000 tech workers have lost their jobs this year, according to Layoffs.fyi, which tracks the number.
NPR's Stacey Vanek Smith reports on the struggle many immigrants are now facing.
Betsey Stevenson, a labor economist at the University of Michigan who also served in the Obama administration, explains what the tech layoffs might mean for the broader economy.
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CoinDesk Podcast Network - BREAKDOWN: SBF ‘Loaned’ the CEO of The Block $43M
About $27 million was used to fund The Block’s operations, while $16 million was used for Bahamas real estate.
This episode is sponsored by Nexo.io, Circle, Kraken and the Galaxy Brains Podcast.
Another day, another betrayal. On Friday, news broke that former FTX CEO Sam Bankman-Fried made three loans totaling $43 million to Michael McCaffrey, CEO of CoinDesk competitor The Block. Those loans went to buying out The Block’s investors, to expanding operations and (of course) to an apartment for McCaffrey in the Bahamas. On today’s episode, NLW looks at the latest betrayal.
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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.
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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.
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Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.
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Galaxy Brains: Whether it’s breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=BD&utm_medium=podcast&utm_id=CoinDesk
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Juan Moyano/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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