Author: CoinDesk

Custodia Bank is fighting back against the Federal Reserve's rejection.

In a recent tweet, Kraken co-founder Jesse Powell suggested U.S. regulators like it when bad actors beat good actors because it takes down the crypto industry and the bad actors can be jailed later. In this episode, NLW explores the issue in the context of Custodia Bank's battle to join the Federal Reserve system, and its argument that it is being unlawfully used as a “sacrificial lamb” in the wake of the FTX failure. 

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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: Godong/Getty Images, modified by CoinDesk. 

Join the discussion at discord.gg/VrKRrfKCz8.

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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.

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

Kamz is joined by Lex and Diana to discuss the greatest barriers for Latino communities to adopt web3 technology and what we can do at the individual and community level, respectively to support its adoption.

Lex

Over the last two years, Lex, better known as NFTGirl, has worked with @NFTfeen to establish the NFTGirl Collection, which encompasses a meticulously curated selection of more than 500 digital artworks.

The NFTGirl Art Collection was selected by Sotheby's to feature pieces from amazing digital artists like Killer Acid, Stefano Cott and Jon Noorlander.

Their overarching goal is to uplift artists and creators while fostering connections within the web3 community, all while spreading awareness and knowledge about web3 and NFTs to a wider audience.

Diana, better known as Belle NFTs

Belle NFTs, co-founder of XYZ News, hosts multiple shows, including “IYKYK”–a show recognized as one of the best NFT learning resources for both beginners and experts. Belle left behind a successful career to dive headfirst into Web3. As a widow and single mom, Belle is passionate about empowering others to participate in blockchain technologies and to uplift the voices of creators in the industry. She views Web3 as a place where underrepresented creators can thrive and achieve financial freedom.

Lex and Belle discuss:

🛟 How web3 changed their lives

📈 How we can increase the participation of Latinas in web3 technology

📰 The alpha on XYZ News a bilingual media company highlighting art, tech and business in web3

🧘🏽‍♀️We end with a 2-min meditation focused on self-talk and transforming your inner critic to an inner friend.

See also: 

XYZ News

Follow me on Twitter @KamalaAlcantara to stay up to date on the show and join our weekly Twitter Space!

Check out my blog on Mirror for content on women, wellness and web3.

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This episode was produced and edited by Michele Musso with executive producer Jared Schwartz. Our theme song is ‘Twennysomething’ by Daniele Musto. Other music used is ‘Mind and Soul’ by Stefano Vita and ‘Electrolove’ by Lunareh. 

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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.

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

The most valuable crypto stories for Tuesday, Feb. 21, 2023. 

"The Hash" team covers the biggest crypto headlines of the day, including a new Bank for International Settlements report that reveals that while most crypto app users worldwide lost money on their bitcoin holdings after last year's collapses of the Terra ecosystem and the FTX exchange, investors outside of major economies took the biggest hit. Plus, developers are forking Bitcoin ordinals to give older proof-of-work networks such as Litecoin their first set of non-fungible tokens (NFTs). 

See also:

Retail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS

Litecoin Network Gets Its First NFTs After Developer Forks Bitcoin Ordinals

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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.

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

The Securities and Futures Commission of Hong Kong released proposed rules.

Hong Kong's securities regulator published proposed rules on Monday for virtual asset trading platforms, fueling the narrative that the next bull market will start in Asia. NLW explores whether the moves are connected to broader changes in the Chinese economy. 

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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: Serjio74/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.

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

Adam Brotman and Andy Sack of Forum3 discuss how they help brands build Web3-powered loyalty programs, most notably for Starbucks Odyssey.

Adam Brotman and Andy Sack talk about their journey into Web3, one that includes the actor and entrepreneur, Brock Pierce. Together they’ve created Forum3, a strategic advisory company for Web3 initiatives, and have worked with some of the largest brands entering the space. From Starbucks to The New York Times, Forum3 educates brands on the ethos of the ownership economy and the value Web3 brings in developing deeper relationships with consumers.

Links mentioned from the podcast: 

• Gabe Leydon’s Limit Break has $200M to make a new kind of blockchain game
• Rihanna’s B*tch Better Have My Money token
• Mason Rothschild tweet about the Pharrell and Louis Vuitton announcement
• Blending the World’s Most Successful Loyalty Program With Web3

Follow us on Twitter: 

• Sam Ewen
• Avery Akkineni
• CoinDesk
• Vayner3

From our sponsor:

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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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Adrian Blust, Uyen Truong and Eleanor Pahl. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

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

In light of stealth regulation becoming the norm, commentators discuss how crypto can counteract it.

Featured on this week’s “Long Reads Sunday”: 

“Regulating Crypto by Enforcement and Stealth Will Set the US Back” – Michael Casey https://www.coindesk.com/consensus-magazine/2023/02/10/regulating-crypto-by-enforcement-and-stealth-will-set-the-us-back/ 

“The Right Analogy for Crypto Markets” – Nic Carter https://twitter.com/nic__carter/status/1625221587673702400 

“How to Fight the Rogue SEC”  – Balaji Srinivasan https://twitter.com/balajis/status/1625720725645692928 

“The State of Crypto Policy” – Jake Chervinsky https://twitter.com/jchervinsky/status/1625568626462887945 

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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: Alexey Surgay /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.

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

A roundup of the week’s most valuable crypto stories for Saturday, Feb. 18, 2023. 

Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.

“Hash Headlines” rounds up this week’s headline stories, including:

• Mt. Gox Payout Update
• Binance's CZ Distances Himself from BUSD Stablecoin
• After Super Bowl Ad, DigiDaigaku NFTs’ Price Rises

Links to the headlines:  

Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources

Binance Hires Former Gemini-Exec as Chief Compliance Officer: Bloomberg

DigiDaigaku NFTs' Price Rises After $6.5M Super Bowl Ad

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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

There is now a 60-day public comment period on the SEC's newly proposed rule.

On this edition of the “Weekly Recap,” NLW looks at the newly proposed custody rule from the Securities and Exchange Commission. While the rule has broader implications other than crypto, many in the crypto industry are concerned that Chairman Gary Gensler may use the rule as a roundabout way to expand the SEC’s jurisdiction and therefore cut investment advisers off from the crypto industry. 

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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: A Mokhtari /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.

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

The most valuable crypto stories for Friday, Feb. 17, 2023. 

Binance Holdings, the world’s largest crypto exchange by volume, is considering severing its ties with U.S. business partners amid heightened scrutiny from regulators, according to Bloomberg. Separately, the U.S. Securities and Exchange Commission (SEC) released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs, alleging Kwon and others “engaged in a scheme to deceive and mislead investors … in the U.S. and abroad.” The Hash hosts share their insights on these top stories of the day.

See also:

Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg

Trader Front-Runs Gains Network's Listing on Crypto Exchange Binance to Profit $100K

4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs

SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin

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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.

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

Several tokens are listed as securities in the lawsuit, and Do Kwon is accused of fraud.

In today’s episode, NLW breaks down a slew of late-breaking news, including:

• Terraform Labs and Do Kwon are being sued by the SEC
• Binance US made strange transfers of $400 million between 2020 and 2021, according to Reuters
• Judge Kaplan threatens to revoke SBF's bail 

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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: Aitor Diago /Getty Images, modified by CoinDesk. 

Join the discussion at discord.gg/VrKRrfKCz8.

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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.

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