Author: CoinDesk

The open internet advocate took his life a decade ago this week. 

On this edition of “Long Reads Sunday,” NLW reads:

Why I Am Optimistic for Crypto - Stefan George 

13 Narratives to Watch in 2013 - the DeFi Edge

Aaron Swartz - Patrick Campbell 

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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.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell 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 “Swoon” by Falls. Image credit: Javier Zayas Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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, Jan. 14, 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:

• Metropolitan Bank Heads for Crypto Exit
• Gemini's Winklevoss Calls for Barry Silbert's Removal From DCG
• Gala Games' Native Token Tumbles
• Crypto Lender Nexo Under Investigation in Bulgarian

Links to the headlines:  

Metropolitan Bank Heads for Crypto Exit

DCG's Barry Silbert Talks About Genesis in Letter to Shareholders

Gala Games Deletes Tweet Announcing Partnership With Hollywood Star The Rock; Native Token Drops

Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations

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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.

The SEC claims the Gemini Earn program was an unregistered securities offering.

On this edition of the “Weekly Recap,” NLW looks at the Securities and Exchange Commission lawsuit against Gemini and Genesis involving the Gemini Earn program. He also sums up the recent developments around FTX, including $5 billion of recovered funds and Sam Bankman-Fried’s new Substack. 

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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.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell 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 “Swoon” by Falls. Image credit: Mark Wilson/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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, January 13, 2023. 

"The Hash" group discusses today's top stories, including allegations that Cameron and Tyler Winklevoss' cryptocurrency exchange Gemini and cryptocurrency lender Genesis Global Capital sold unregistered securities. Plus, to repay creditors, FTX has been cleared by a bankruptcy judge to sell four key units, including derivatives arm LedgerX. And finally, the crypto winter deepens as Crypto.com becomes the latest company to announce its job cuts in 2023.

Disclosure: Genesis and CoinDesk are both owned by DCG.

See also:

FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge

Former SEC Lawyer Says Agency Pushing to Be Crypto Regulator With Gemini/Genesis Suit

SEC Alleges Gemini, Genesis Sold Unregistered Securities

Crypto.com Cuts 20% Workforce as Firm Braces for Crypto Winter

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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.

The company admitted to some process challenges in the past, but says things are fixed now.

Today on “The Breakdown,” NLW catches up on some crypto cleanup stories from earlier in the week. He looks at community reactions to research uncovering that at times in 2020 and 2021 Binance peg BUSD was undercollateralized by as much as $1 billion, as well as to the latest fire and fury around Silvergate Bank. 

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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.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell 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 “Swoon” by Falls. Image credit: Antonio Masiello/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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  Thursday, January 12, 2023. 

"The Hash" group discusses the latest headlines moving the crypto markets, including crypto lender Nexo being investigated by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license, and computer fraud. Plus, former FTX CEO Sam Bankman-Fried denies stealing funds and claims FTX and sister company Alameda Research collapsed because of the crypto market meltdown and inadequate hedging on Alameda’s part, in a new post on Substack.

See also:

Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations

Sam Bankman-Fried Denies Stealing FTX Funds in New Online Post

FTX Loan Wiped Out $800M in BlockFi Executives’ Equity, Court Filing Reveals

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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.

Month-over-month inflation was -0.1%, its first decrease in more than two years.

On today’s episode, NLW digs into December’s just-released CPI numbers. For the sixth month in a row, year-over-year inflation declined. For the first time in more than two years, month-over-month inflation declined. For many, this confirms a Federal Reserve shift back to raising rates by 25 basis points at the FOMC’s next meeting at the end of this month. 

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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.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell 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 “Swoon” by Falls. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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

Amanda Cassatt joins to highlight what strategies are helping Web3 brands stay aloft in the bear market. Plus: Cam goes to CES, yells into a box.

On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson take a look at the state of non-fungible tokens, Web3 and the metaverse with Amanda Cassatt.

• [1:50] Inside the Desk: NFT marketplace SuperRare cuts staff by 30% and Cam gifts her dad an NFT, with mixed success.
• [9:19] Amanda Cassat: Where can Web3 companies go from here? Cassatt emphasizes the need for utility that lasts beyond the hype.
• [22:00] Cam’s Corner: Cam recaps the Consumer Electronics Show (CES), where Web2- and Web3-native companies showcased competing views on the future of the metaverse. 
• [28:41] Cam’s Corner IRL: Cam features audio from CES interviews with Justin Hochberg and Sandy Carter.

What’s “Carpe Consensus?” CoinDesk’s newest podcast is for crypto fans and fiends, DeFi degens and non-fungible enthusiasts, while welcoming the crypto curious. Each week, hosts Ben Schiller, Danny Nelson and Cam Thompson thread together the biggest themes in crypto. Consensus speakers and guest experts join the hosts to pull back the curtain on all things crypto and Web3, providing listeners with a balanced look at the state of the industry. Tune in weekly on Thursdays on the CoinDesk Podcast Network.

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 CARPE to get 15% off your pass. Visit https://consensus.coindesk.com.

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“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

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 Wednesday, January 11, 2023. 

"The Hash" group discusses today's top stories, including Delaware Judge John Dorsey characterizing a bipartisan letter from four U.S. senators as an “inappropriate” intervention in FTX bankruptcy proceedings that won’t sway his judicial decisions. Plus, a closer look at why Gala Games' native token, GALA, is sinking after the blockchain-based gaming platform deleted a tweet announcing a partnership with A-list Hollywood stars.

See also:

FTX Has Recovered 'Over $5B' in Assets, Bankruptcy Attorney Says

Letter From US Senators 'Inappropriate,' Won’t Sway Me, FTX Bankruptcy Judge Says

FTX Creditor Claims Going for 13 Cents on the Dollar on Bankruptcy Marketplace Xclaim

Gala Games Deletes Tweet Announcing Partnership With Hollywood Star The Rock; Native Token Drops

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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.

In his second open letter in as many weeks, Gemini Co-CEO Cameron Winklevoss ratchets up the rhetoric. 

Crypto 2023 – like Crypto 2022, but angrier. This week, Gemini co-CEO Cameron Winklevoss accused Genesis, DCG and DCG CEO Barry Silbert of fraud in a major escalation of their fight over frozen funds. Silbert and DCG, CoinDesk’s parent, responded with their own letter and Q&A arguing that Genesis and DCG are fundamentally different entities. NLW covers the war of words and the community’s response to it. 

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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.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell 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 “Swoon” by Falls. Image credit: rudall30/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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