Author: CoinDesk

This episode is sponsored by ZenGo.

The most valuable crypto stories for Friday, Oct. 14, 2022.

 The “Hash” hosts discuss the bitcoin services company NYDIG laying off around 100 people, according to CoinDesk sources. The firm has cut approximately 30% of its staff in the past several weeks as the crypto market has soured. Crypto winter is also taking a toll on companies that man the virtual mines, which has led to cryptocurrency exchange Binance starting a lending facility for bitcoin (BTC) miners. Plus, Tether, a stablecoin issuer, announced it no longer holds commercial paper or unsecured debt to specific company holdings. And also, another hot topic, Binance starts a $500M support fund for Bitcoin mining. And Also, an interview with Sandy Carter from Unstoppable Domains. 

See also: 

Crypto Trading Firm NYDIG Lays Off About 33% of Staff

US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report

Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

Binance Pool Starts $500 Million Fund to Support Bitcoin Mining

-

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get 

$20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

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

That’s the argument of acting Comptroller of the Currency Michael Hsu.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW looks at the latest chatter around the crypto industry, including:

• Jamie Dimon’s newest negative comments on crypto
• Acting OCC Hsu’s comments that crypto is taking up too much mental bandwidth among regulators 
• SEC Chair Gary Gensler’s comments about the role of the CFTC in regulating crypto

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“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 sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: OsakaWayne Studios/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.

This episode is sponsored by Circle and Near.

Over the past year, Michael and Sheila have talked quite a bit on this show about the quickly evolving crypto policy environment. A big theme in all of that has been the intersection – and quite often the clash – between the industry’s breakneck pace of innovation and regulation. As the industry grows, governments around the world are looking to get up to speed, and increasingly their actions have ramifications in the sector. 

One regulatory body that’s increasingly engaging with the crypto community is the Commodity Futures Trading Commission. The CFTC is an independent U.S. agency that regulates the $200+ Trillion derivatives market including futures contracts, options, and swaps.

Since 1974 its mission has been to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. Now, based on the proposals of some legislative initiatives, it could be poised to take a leading role in the regulation of cryptocurrencies and digital assets in the U.S. – something many in the community are supporting, perhaps in the hope that it will reduce the sway of the seemingly less-friendly Securities and Exchange Commission.

To help us understand what all this means, hosts Michael Casey and Sheila Warren speak with former CFTC commissioner Dawn Stump on this 100th episode of “Money Reimagined.”

Dawn Stump became a commissioner in 2017 following a presidential appointment and Senate confirmation. 

As one of five CFTC commissioners, she helped to shape the priorities of the agency while overseeing policy direction and internal planning. In particular, she was instrumental in negotiating the reform of derivatives regulations contained in the Dodd-Frank Act and in efforts to conduct oversight of commodity and financial derivatives under the jurisdiction of the CFTC. 

This is a must-listen to better understand the crypto policy environment. As Dawn put it, “The impetus for regulation should not be a crisis; the impetus for regulation should be an opportunity.”

-

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer Jared Schwartz. Our theme song is “Shepard.”

-

NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org. 

-

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

A whipsaw morning in trading follows the release of September’s official U.S. inflation numbers.

This episode is sponsored by Nexo.io, Circle and FTX US.

Today’s release of the September inflation numbers surprised economists with a larger-than-expected growth in inflation – particularly in the core inflation data on which the U.S. Federal Reserve focuses its decision-making. On today’s episode, NLW explores what markets had expected, how they reacted and what it means for what comes next. 

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“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 sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Cemile Bingol/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.

This episode is sponsored by ZenGo.

The most valuable crypto stories for Thursday, Oct. 13, 2022.

 The “Hash” hosts discuss DeFi protocols that have lost over $718 million to 11 different hacks this month so far, according to research firm Chainalysis. Plus, decentralized exchange Uniswap Labs raises $165 million in a Series B funding round led by crypto-focused investment firm Polychain Capital.

See also: October Becomes Worst Month for Crypto Hacks With Two Weeks to Go

Crypto Exchange Uniswap Labs Raises $165M in Polychain Capital-Led Round

-

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

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

BNY Mellon is approved for crypto custody while the SEC examines Yuga Labs.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW covers stories that reflect the two big themes of the 2022 crypto bear market: post-narrative institutional adoption on the one hand, and regulatory enforcement on the other. He covers the news that BNY Mellon has been approved to custody crypto (along with accusations from some in the industry that the approval shows regulatory favoritism for TradFi), Google’s partnership with Coinbase, Grayscale’s first brief in its lawsuit against the SEC and reports that the SEC is looking into Bored Ape Yacht Club creator Yuga Labs. (Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.) 

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“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 sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Noam Galai/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.

This episode is sponsored by ZenGo.

The most valuable crypto stories for Wednesday, Oct. 12, 2022.

A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. The Hash Hosts discuss this plus, the largest independent robo-advisor, Betterment, is letting its clients invest in a handful of crypto portfolios for the first time, but with a caveat: best not to go above 5% exposure.

See also: 

How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango

Robo-Adviser Betterment Launches Cryptocurrency Offering

-

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

-

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

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

Join Kamz and Rachel Price Sitman, founder and Community Builder of XCollective, a professional growth community providing career coaching, networking & negotiation tips in the Web3 space, as they discuss how to secure the Web3 job and pay of your dreams. Join them on an adventure as they pave the road from job search to acquisition. They cruise through understanding the benefits of working in Web3, especially for women, and most importantly, how to ensure you’re being compensated fairly.

Rachel shares the scoop on:

🗃️The new Web3 recruiting landscape

💻Advice for job seekers transitioning from web2 to web3

🖱️The soft skills you need to jump into the web3 job space

💵Negotiating pay where no previous job pay data exists

🪪On-chain resumes, certifications, and online identity

🧘🏽‍♀️We end with a meditation focused on: Relieving Job Stress and Anxiety

See also: www.xcollective.io

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

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 "Morning Star" by DeHartmann and "Undeniable" by Johanna Cranitch. 

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

This episode is sponsored by ZenGo.

The most valuable crypto stories for Tuesday, Oct. 11, 2022.

Google will start accepting crypto payments for cloud services early next year. The tech giant said it will receive crypto payment via an integration with crypto exchange Coinbase. Plus, the state of the NFT market as CNN is "saying goodbye" to its Web3 project Vault.

See also: 

Google Partners With Coinbase to Accept Crypto Payments for Cloud Services

Block Subsidiary Spiral, Mining Tech Firm Braiins Spearhead Push for Bitcoin Mining Upgrades

-

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

ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details.

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

Wall Street seems convinced that forward guidance is going to be rough.

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW checks in on the macro scene, including:

• What the earnings report season that begins this week might tell us about where corporate America is headed
• Why the Federal Reserve still doesn’t care about stock prices 
• Why the former whales in the market aren’t buying Treasurys like they used to 

-

Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

-

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

-

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

-

“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 sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: lemono/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.