CoinDesk Podcast Network - THE HASH: Senators Reportedly Claim Binance Is a ‘Hotbed of Illegal Financial Activity’; Silvergate’s Stock Plunges

The most valuable crypto stories for Thursday, March 2, 2023. 

Three U.S. senators have written to Binance, the world's largest crypto exchange by trading volume, asking for details about its money-laundering controls and accusing Binance of being a "hotbed of illegal financial activity," according to a Wall Street Journal report. Plus, a closer look at why shares of crypto-friendly lender Silvergate Capital are plunging.

See also:

Before Silvergate and After Silvergate

Binance a 'Hotbed of Illegal Financial Activity,' U.S. Senators Claim

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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information.

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Consider This from NPR - While The Fate Of The CFPB Is In Limbo, The Agency Is Cracking Down On Junk Fees

The Supreme Court is weighing whether or not the Consumer Financial Protection Bureau is constitutional based on how it receives its funding.

Last fall a panel of three Trump appointees on the Fifth Circuit Court of Appeals outlined that if funding for a federal agency like the CFPB is not appropriated annually by Congress, then everything that agency does is deemed unconstitutional.

While the agency's fate is in limbo, its latest initiative is aimed at cracking down on junk fees that can cost Americans a lot of money.

We speak with CFPB's director, Rohit Chopra, on how unnecessary fees impact everyday people.

In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.

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Reset with Sasha-Ann Simons - Aldermen-elect Get Ready To Shake Up City Council

By the time Wednesday morning came around, people across the city already knew who their aldermen-elect were. Some wards are seeing familiar faces while a handful are welcoming fresh faces. Reset sits down with Alderwoman-elect Julia Ramirez of the 12th Ward and Alderperson-elect Jessie Fuentes of the 26th Ward to talk about their plans.

Reset with Sasha-Ann Simons - Chicago Police Officer Killed, Top Cop Resigns

Chicago Police Superintendent David Brown resigned his post Wednesday, less than a day after incumbent Mayor Lori Lightfoot lost her bid for reelection. The news also comes on the same day the city learned that a Chicago police officer was shot and killed in the line of duty. Reset turns to WBEZ criminal justice reporter Patrick Smith for the latest details.

Pod Save America - “Fox Knews.”

Joe Biden tests out his message for a reelection campaign that seems all but certain to happen. Rupert Murdoch admits he knew that Fox News hosts were lying about the 2020 election. Strict Scrutiny host Melissa Murray joins to break down the Supreme Court challenge to the President’s student debt relief plan. And later, Jon and Dan bring you the lowest low-lights from a big week of congressional hearings.

 

For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.

CoinDesk Podcast Network - BREAKDOWN: What the Silvergate Death Spiral Means for the Crypto Industry

The failing bank has been abandoned by Coinbase, Paxos and Circle.

In today's episode, NLW discusses Silvergate Bank's painful collapse. In order to understand the industry's banking resources, he examines where the bank came from, why it became important to the industry and how it faltered.

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Henrik5000 / Getty Images, modified by CoinDesk. 

Join the discussion at discord.gg/VrKRrfKCz8.


Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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Lost Debate - Ep 118 | DOE Leans Lab Leak, Florida vs. AP African American Studies

Ravi, Rikki, and Joe kick things off with the latest chapter in a long-simmering debate around the origins of COVID-19, now that the Department of Energy is endorsing the once-derided “lab leak theory.” Then we head down to Florida, where a politically charged curriculum fight is playing out over a proposed AP African American Studies course.

[04:43] DOE Leans Lab Leak

[36:01] Florida vs. AP African American Studies

[53:26] Voicemails

Leave us a voicemail with your thoughts on the show! 321-200-0570


Show notes: https://lostdebate.com/2023/03/03/ep-118/


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The Daily Signal - TOP NEWS | Biden Implies Men Can Get Pregnant, Crime in Chicago, Blinken Delivers Message to Russian Leader | March 2

On today’s Daily Signal Top News, we break down:


  • The Conservative Political Action Conference is underway in Washington, D.C.
  • President Joe Biden appeared to believe women are not the only gender who can become pregnant. 
  • Crime is front and center in the Chicago mayor race.
  • Secretary of State Antony Blinken meets with his Russian counterpart for the first time since Russia invaded Ukraine.  


Relevant Links


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Science In Action - Drought worsens in East Africa

The long rains of East Africa are forecast to fail again, for the third year running, precipitating a food crisis affecting millions. Science In Action explores the science of the drought, hears about new methods improving forecasts, and what is unusual about the region that makes it so vulnerable.

When we think of helium, for many of us balloons and squeaky voices come to mind. But the noble gas is critical for many aspects of modern life – and we’re facing a global shortage. Dr Annie Cheng and her colleagues at the University of Oxford are attempting to solve this by creating a model that has the potential to locate previously untapped reservoirs.

Image by Gerald Anderson/Anadolu Agency via Getty Images

Producer: Roland Pease Assistant Producer: Sophie Ormiston

Federalist Radio Hour - Lessons From An Arlington Memorial

On this episode of "The Federalist Radio Hour," Christopher Bedford, executive editor at the Common Sense Society, joins Federalist Culture Editor Emily Jashinsky to discuss the true story of the Confederate Monument at Arlington National Cemetery and what lessons Americans can learn about unity and patriotism from the statue's complicated past.

Read more about the memorial here: https://newcriterion.com/issues/2023/3/a-true-part-of-the-story