CoinDesk Podcast Network - CRYPTO CROOKS: Lunacy Episode 1 – Death Spiral

This week, we dig into the rise of Do Kwon, the enormous appeal of his almost magical algorithmic stablecoin – and the far less charmed reality underlying his machinations from the very start.

"Crypto Crooks" is sponsored by Chainalysis.

Do Kwon said he could print money out of thin air. Who could resist a sell like that? 

Welcome back to “Crypto Crooks.” This season, over the course of four episodes plus a bonus fifth on recent developments, we tackle Do Kwon and his so-called algorithmic stablecoin. We’re starting with the seductive appeal of the concept. Everyone, from crypto’s bigwig financiers to hundreds of thousands of retail depositors, was buying into the dream. 

But the fatal flaws of this collective fantasy were evident from the very start. It was only a matter of time before the death spiral began. 


Clip:


Episode transcripts are available at coindesk.com/podcasts/crypto-crooks

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.

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

The Daily Detail - The Daily Detail for 2.28.23

Alabama

  • Reaction from Carl, Tuberville & Rogers on Covid 19 lab leak support
  • Federal tax deadline is extended to October for AL tornado victims
  • State lawmaker will offer extensive school choice bill this session
  • Jury selection underway in Mobile for doctor accused of reckless murder
  • Sentencing yet to come for Dothan pastor who changes plea back to guilty
  • Part 3 of conversation with Birmingham pastor on Asbury revival

National

  • US Treasury secretary visits Ukraine with more US taxpayer money in tow
  • Dept. of Defense has $220 B worth of untracked equipment for contractors
  • House oversight committee to get some docs from Biden family confidante
  • CA Law firm offers evidence of AZ governor taking bribes from cartels
  • Reaction coming in re: Covid lab leak news from Dept. of Energy

Everything Everywhere Daily - Perpetual Motion

Imagine a device that could supply an unlimited amount of energy. It would solve many of the world’s problems in one fell swoop. 

Unfortunately, such a device is impossible to build, but that hasn’t stopped people throughout history from trying. 

In fact, to this very day, people still claim that they have created perpetual motion machines, and they keep getting proven wrong.

Learn more about perpetual motion machines, or the lack thereof, on this episode of Everything Everywhere Daily.


Subscribe to the podcast! 

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NBN Book of the Day - Melvyn P. Leffler, “Confronting Saddam Hussein: George W. Bush and the Invasion of Iraq” (Oxford UP, 2023)

America's decision to go to war in Iraq in 2003 is arguably the most important foreign policy choice of the entire post-Cold War era. Nearly two decades after the event, it remains central to understanding current international politics and US foreign relations.

In Confronting Saddam Hussein: George W. Bush and the Invasion of Iraq (Oxford UP, 2023), the eminent historian of US foreign policy Melvyn P. Leffler analyzes why the US chose war and who was most responsible for the decision. Employing a unique set of personal interviews with dozens of top officials and declassified American and British documents, Leffler vividly portrays the emotions and anxieties that shaped the thinking of the president after the shocking events of 9/11. He shows how fear, hubris, and power influenced Bush's approach to Saddam Hussein's Iraq. At the core of Leffler's account is his compelling portrait of Saddam Hussein. Rather than stressing Bush's preoccupation with promoting freedom or democracy, Leffler emphasizes Hussein's brutality, opportunism, and unpredictability and illuminates how the Iraqi dictator's record of aggression and intransigence haunted the president and influenced his calculations. Bush was not eager for war, and the decision to invade Iraq was not a fait accompli. Yet the president was convinced that only by practicing coercive diplomacy and threatening force could he alter Hussein's defiance, a view shared by British Prime Minister Tony Blair and other leaders around the world, including Hans Blix, the chief UN inspector. Throughout, Leffler highlights the harrowing anxieties surrounding the decision-making process after the devastating attack on 9/11 and explains the roles of contingency, agency, rationality, and emotion. As the book unfolds, Bush's centrality becomes more and more evident, as does the bureaucratic dysfunctionality that contributed to the disastrous occupation of Iraq.

A compelling reassessment of George W. Bush's intervention in Iraq, Confronting Saddam Hussein provides a provocative reinterpretation of the most important international event of the 21st century.

Grant Golub is an Ernest May Fellow in History and Policy at the Harvard Kennedy School and a PhD candidate in the Department of International History at the London School of Economics and Political Science. His research focuses on the politics of American grand strategy during World War II.

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The NewsWorthy - Another Surprise Trip, DeSantis Ends Disney District & ‘My AI’ on Snapchat- Tuesday, February 28, 2023

The news to know for Tuesday, February 28, 2023!

What to know about another top official's visit to Ukraine and how the U.S. is cracking down on the growing issue of child labor.

Also, it could be the final test for the student loan debt relief program. We'll tell you what legal arguments the Supreme Court is going to consider today.

Plus, another day of wild weather from coast to coast, what's next for Disney World now that Florida's government has more control, and how users will be able to use a new AI chatbot on Snapchat.

Those stories and more news to know in around 10 minutes!

Head to www.theNewsWorthy.com/shownotes for sources and to read more about any of the stories mentioned today.

Sign-up for our weekly email newsletter with extra news stories, random recommendations, listener features and more: www.theNewsWorthy.com/email 

Thanks to The NewsWorthy INSIDERS for your support! Get ad-free episodes here: www.theNewsWorthy.com/insider

This episode is brought to you by Rothys.com/newsworthy and TommyJohn.com/newsworthy

To advertise on our podcast, please reach out to sales@advertisecast.com

What A Day - All Tea All Shade On Tennessee

The Biden administration has promised new measures to crack down on child labor. It follows a recent investigation by the New York Times, which found that many migrant children are being forced to work in dangerous, labor-intensive jobs.

Tennessee’s Republican Governor Bill Lee said he will sign House Bill 9, a measure that would ban public drag performances in the state. The law would be the first in the country specifically targeting drag, and comes amid an onslaught of anti-LGBTQ+ legislation across the U.S..

And in headlines: tornadoes and severe winter weather swept across the Southern Plains, the White House ordered federal agencies to delete TikTok from government-issued devices within 30 days, and Michael B. Jordan is the new face of Calvin Klein underwear.

Show Notes:

Crooked Coffee is officially here. Our first blend, What A Morning, is available in medium and dark roasts. Wake up with your own bag at crooked.com/coffee

Follow us on Instagram – https://www.instagram.com/crookedmedia/

For a transcript of this episode, please visit crooked.com/whataday

The Goods from the Woods - Episode #368 – “The Patient Zeros” with Jordan Morris

In this episode, Rivers and Carter are hangin' out at Disgraceland Studios with comedian, writer, and podcaster Jordan Morris! We start off by trying a chemical cleaning agent-flavored energy drink called "UP-TIME" which launches us into many worlds of weirdness. We talk about the new phenomenon of "crypto rehab" that's been popping up all over Europe. We also talk about Jordan's hometown of Mission Viejo, CA and our Top 3 lists of songs to play during a bar fight and places to kill an hour. "Nightmare" by Avenged Sevenfold is our JAM OF THE WEEK! Tune in now, y'all!  Follow Jordan on Twitter @Jordan_Morris and on Instagram @JordanDavidMorris. Also, be sure to listen to the podcast 'Jordan Jesse Go' and, speaking of going, go to your local comic book store and order Jordan's new Archie Horror Comics one-shot 'Pop's Chock'lit Shoppe of Horrors'!  Follow the show on Twitter @TheGoodsPod.  Rivers is @RiversLangley  Sam is @SlamHarter  Carter is @Carter_Glascock Subscribe on Patreon for HOURS of bonus content! http://patreon.com/TheGoodsPod Pick up a Goods from the Woods t-shirt at: http://prowrestlingtees.com/TheGoodsPod

The Daily Signal - INTERVIEW | Communities Frustrated and Frighted Over Biden’s Border Crisis, Texas Land Commissioner Explains

Drug cartel activity and human smuggling have become tragically commonplace for many Texas communities. Texas Land Commissioner Dawn Buckingham says Texans are deeply frustrated with the situation at their southern border, a situation she describes as "frightening." 


There is a “tremendous loss of life with the increase in crime” at the southern border, Buckingham says, adding, “We’re going to do everything we possibly can, but unfortunately it is sort of trying to trap water in a sieve. When the federal government [is] ... tying the hands of our Border Patrol agents … it's an uphill battle, but we're going to continue to fight every day.”


Buckingham joins "The Daily Signal Podcast" to discuss how locals in Texas view the illegal-immigration crisis and what the Texas General Land Office is doing to secure the southern border.


Enjoy the show!


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What Next | Daily News and Analysis - When Politicians Need Mental Healthcare

When John Fetterman checked himself into a hospital for clinical depression in mid-February, he was praised by both parties and public health officials for his bravery. But not long ago, being diagnosed with depression or taking time for your mental health were seen as disqualifying for those seeking public office. 


Guest: Jason Kander, President of National Expansion at Veterans Community Project, author of Invisible Storm: A Soldier's Memoir of Politics and PTSD, and co-host of Crooked Media’s podcast Majority 54.


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