Month: March 2024

Denelle Dixon, CEO of Stellar Foundation, emphasizes the significance of strategic focus on outcome-driven development in the blockchain community.

This episode is sponsored by Consensus 2024 

Now Available for pre-order | 

Michael Casey’s New Book with Frank H. McCourt, their forthcoming book:  Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age

In this week's installment of "Money Reimagined," host  Sheila Warren is joined by Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. This non-profit organization harnesses blockchain technology to enhance global economic opportunities, fostering fluidity in money, openness in markets, and empowerment for individuals.

They discuss the purpose of blockchain technology and the importance of building for outcomes. Dixon shares about the challenges of building technology and the evolution of smart contracts on Stellar. They discuss insights gained from the internet's early stages and the hurdles posed by regulatory ambiguity. Emphasizing collaboration, they stress the importance of comprehending local issues and crafting appropriate solutions.

Takeaways |

• Blockchain technology should be focused on building outcomes and solving real-world problems.
• The evolution of smart contracts on Stellar is an exciting development that will enable more use cases and applications.
• The blockchain industry needs to come together and have a united face when approaching regulators and policymakers.
• Understanding local problems and solutions is crucial for building effective blockchain solutions.
• Collaboration and messaging are key to achieving regulatory clarity and widespread adoption of blockchain technology.

Links | 

Stellar

RWA.xyz | Treasuries 

Crypto Council for Innovation 

CoinDesk.com

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences.  Take 15% off registration with the code MRP15. 

Register now at consensus.coindesk.com

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The brash co-founder of the now defunct crypto hedge fund argues that most, if not all, companies eventually go bankrupt and that 3AC had a “pretty spectacular” run.

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Few crypto figures have been as vilified as Kyle Davies, the co-founder, along with Su Zhu, of crypto hedge fund Three Arrows Capital, which imploded in mid-2022, losing $3 billion and bringing many pillars of the crypto industry down with it. Davies and Zhu have been accused of, among other things, lying about 3AC’s assets as the firm was imploding, trying to borrow money when the firm was insolvent, and seeking funding from the Mafia, all of which Davies denies. 

But he remains unapologetic about 3AC’s demise, saying most, if not all, companies eventually go bankrupt, and that 3AC had a “pretty spectacular” ten-year run. He joined Unchained to explain why he and Su Zhu were ordered to prison in Singapore for non-compliance with the liquidation proceedings, Zhu’s “six weeks meditating” (in prison), where he’s living now, why he and Zhu went to Bali after the bankruptcy, his $25,000-a-month fee for consulting for crypto bankruptcy exchange OPNX, his and Zhu’s current work advising crypto derivatives platform OX.FUN, and what he wishes he would have done differently in terms of 3AC’s wind down. 

Show highlights:

• Whether Kyle is cooperating with 3AC liquidator Teneo and his opinions of that firm
• His and his 3AC co-founder Su Zhu’s prison sentences in Singapore
• Why Kyle says he didn’t know about the scheduled court date
• Why Dubai levied fines against him, according to Kyle
• Where he is living now
• Whether or not he made misrepresentations about 3AC’s assets to lenders before its implosion, traded when the firm was insolvent, and borrowed money from the mafia
• Why Kyle went to Bali after the bankruptcy 
• The defense of his $25,000 a-month fee for consulting for OPNX
• Why Kyle thinks his reputation post-3AC was still “huge” because all companies eventually go bankrupt
• Gamified derivatives platform OX.FUN, where he is an advisor
• His dreams of opening a cloud kitchen chicken restaurant
• Why he filed a lawsuit against Sixth Man Ventures’ Mike Dudas
• What he could have done differently at the time of 3AC’s collapse
• Why Kyle is not sorry 3AC went bankrupt 

Thank you to our sponsors!   Polkadot

Guest | 

Kyle Davies, OX.FUN advisor and co-founder of Three Arrows Capital 

Links | 

Su Zhu’s Arrest

Unchained: Three Arrows Capital Cofounder Su Zhu Arrested in Singapore

3AC Founders’ Assets Frozen

CoinDesk: Court Freezes $1 Billion of Assets of Three Arrows Capital Founders

3AC Ventures

CoinDesk: Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community

Davies and Su’s Post Bankruptcy Lives

New York Times: Their Crypto Company Collapsed. They Went to Bali

New York Magazine: ‘They Are Very Comfortable Lying’: How fallen crypto kingpins Su Zhu and Kyle Davies are dodging prison — and rebranding 

OPNX

Wall Street Journal: Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt 

Cointelegraph: CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

Unchained: 3AC Founders’ New Crypto Exchange OPNX to Shut Down

Cointelegraph: OPNX to shut down with mysterious new exchange as replacement

Decrypt: CoinFLEX Creditors React to OPNX Closure: 'They Have Left a Trail of Destruction'

OX.FUN

March 11 Twitter spaces on OX.FUN with Davies and Zhu 

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Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

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

It took more than 20 years for Hong Kong’s legislature to pass Article 23, a sweeping and troublingly ambiguous national-security law. Huge protests stymied such legislation in the past; not so anymore. National Guard troops are out in force on New York City’s subways—because they are cheaper than cops (10:11). And a personal story exploring the torment of tinnitus (15:31).

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Alabama

• District Judge quashes legal subpoenas against 2 conservative groups in AL
• Congressman Moore talks about plans for the general election in November
• State Rep Chip Brown believes a joint committee will take on gambling bill
• Mobile city council fails to pass ordinance to ban pre-dawn search warrants
• Controversy over library books came to a head at the Trussville board meeting
• Enterprise student wins state spelling competition, heads to DC in May

National

• SCOTUS rejects emergency request, TX can proceed with arresting illegals
• Former WH advisor report to prison for refusing a subpoena from J6 committee
• Federal judge offers 2 jury options to SC Jack Smith that are not going to help him
• Law professor hopes some NY judge will stop the targeting of Trump in that state
• MI attorney reveals more details of a case involving Dominion Voting Systems
• The term Bloodbath still circulating, Trump makes campaign ad with the word