A lawsuit is filed against Celsius, Silvergate drops 46%, and Huobi and Genesis layoff employees.
NLW profiles another brutal week in the crypto computation and cleanup following the disasters of 2022.
He examines:
Celsius ex-CEO Alex Mashinsky sued by NYAG
3AC subpoenaed via Twitter
Silvergate laying off 40%
Genesis laying off 30%
And more
Disclaimer: DCG is the parent company of CoinDesk.
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“The Breakdown” is written, produced by, and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Image credit: CSA Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
On a shortened week of trading for investors, three CEOs dominated the headlines. (0:21) Matt Argersinger and Jason Moser discuss: - Layoff announcements and a sober prediction from Microsoft CEO Satya Nadella - The market's positive reaction to the December jobs report - Key things they're watching in the tech industry - Newest unveilings at CES in Las Vegas - The latest from Stitch Fix and Constellation Brands (19:11) Malcolm Ethridge, CFP and host of "The Tech Money Podcast", weighs in with predictions of two more interest rate hikes, why "Mega Cap Tech" is the key to a stock market rally, and what he's watching for this earnings season. (34:00) Matt and Jason discuss Bed Bath & Beyond's real estate footprint as the company nears bankruptcy, and share two stocks on their radar: Amazon and Bentley Systems. Looking to get a jump start on your 2023 financial goals? Our flagship service, Stock Advisor, is open to new members for just $99 a year! Access this special offer by visiting www.fool.com/intro. Stocks discussed: CRM, AMZN, MSFT, AAPL, SFIX, STZ, ROKU, SONY, HMC, GOOG, GOOGL, SPOT, BBBY, BSY Host: Chris Hill Guests: Jason Moser, Matt Argersinger, Malcolm Ethridge Engineer: Rick Engdahl
The most valuable crypto stories for Friday, January 6, 2023.
Crypto exchange Huobi saw turbulent trading in its HT token during Asian daytime hours after it confirmed a 20% staff reduction. The exchange has experienced outflows of $64 million in the past 24 hours, according to Nansen. "The Hash" group shares their hot takes on Huobi's latest development and other top stories of the day.
ow do we stay up when we ride a bicycle? Lots of us can do it without even thinking about it, but probably very few of us can say exactly HOW we do it. Well, CrowdScience listener Arif and his children Maryam and Mohammed from India want to understand what’s going on in our heads when go for a cycle, and how we learn to do it in the first place.
Presenter Marnie Chesterton is on the case, tracking down a neuroscientist studying how our brains and bodies work together to keep us balanced whether we’re walking or trying to ride a bicycle. She learns about the quirks of bicycle engineering from researchers in the Netherlands who are part of a lab entirely devoted to answering this question. In the process falling off of some unusual bicycles and uncovering the surprising truth that physics might not yet have a proper answer. And we peer deeper into our brains to find out why some memories last longer than others, whether some people can learn quicker than others and the best way to learn a new skill.
Presented by Marnie Chesterton and Produced by Emily Bird for the BBC World Service.
Featuring:
Kathleen Cullen, Johns Hopkins University, USA
Jason Moore, University of Technology Delft, The Netherlands
Lara Boyd, University of British Columbia, Canada
Rado Dukalski, University of Technology Delft, The Netherlands
Josie and Freesia, Pedal Power
[Image: Family riding bikes. Credit: Getty Images]
On the second anniversary of the January 6th insurrection, the House of Representatives is again in disarray, minus the extreme violence and QAnon Shaman, thank god. Guest Host Ray Suarez revisits that day two years ago (he was there), and Ray talks with veteran DC reporter Steve Clemons about Kevin McCarthy’s ongoing battle for the House Speakership.
Putin instructed his defense minister to order a temporary cease-fire in Ukraine over Orthodox Christmas. Ukraine accuses Russia of trying to buy time to replenish its stocks along the front lines.