Author: CoinDesk

Bank of America released a new research report that says digital assets are still in the first inning.

This episode is sponsored by NYDIG.

On today’s episode, NLW covers some of the topics he’s missed throughout the week, including:

• A new report from Bank of America that calls digital assets “too big to ignore”
• US Bank custodying crypto via NYDIG 
• An underperforming jobs report
• Bitcoin futures ETF speculation hits fever pitch
• Chainalysis report on global adoption
• BitGo sees growing corporate interest
• The Federal Reserve says it's going to start researching a CBDC

 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Andriy Onufriyenko/Moment/Getty Images, modified by CoinDesk.

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

From bitcoin futures ETF speculation to macro insecurity, the arguments for autumn being bitcoin season get stronger and stronger. 

This episode is sponsored by NYDIG.

On today’s episode, NLW looks at the growing excitement around bitcoin, including:

• Its decoupling from the stock market 
• What it means that U.S. institutional-focused CME futures are outpacing Deribit retail-focused international futures 
• How bitcoin futures exchange-traded fund (ETF) speculation is driving excitement
• How growing macro insecurity is driving the BTC narrative 

 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Leafedge/DigitalVision Vectors/Getty Images, modified by CoinDesk.

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

The comments during testimony before Congress follow a similar sentiment from Fed Chair Jerome Powell last week.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” another major regulatory figure has confirmed he has no intention of banning crypto. During testimony before Congress this week, Rep. Ted Budd (R-N.C.) asked Gensler if he planned to follow China in banning crypto (the same question Budd asked Powell last week). Gensler’s answer, if not any sort of endorsement of crypto, did make clear that banning crypto wasn’t the SEC’s intention (or remit). On this episode, NLW looks at a number of other questions Gensler faced, along with a set of bills that have been introduced to change the way the U.S. deals with tokens. 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Andrew Harrer/Bloomberg/Getty Images, modified by CoinDesk.

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

A new report suggests the Biden administration is weighing regulating stablecoin issuers like banks. 

This episode is sponsored by NYDIG.

On today’s episode, NLW homes in on recent reports surrounding the Biden administration's plans for stablecoins. A new report from the Wall Street Journal says there is a debate between using the Financial Stability Oversight Committee to add new rules for stablecoins and to regulate stablecoin issuers like banks. The crypto industry’s big question seems to be: Will crypto institutions be allowed to play, or will big banks shove them out? 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: kentoh/iStock/Getty Images Plus, modified by CoinDesk.

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

A new 2.94 terabyte data leak doxes tens of thousands of offshore accounts of prominent individuals including government officials, billionaires and more.

This episode is sponsored by NYDIG.

On today’s episode, NLW breaks down the latest in a string of embarrassing leaks about how the world’s elite and wealthy use offshore accounts to obfuscate ownership and hide their wealth. He looks at: 

• How the Pandora Papers compare to the 2016 Panama Papers and the 2017 Paradise Papers
• Examples of surprising revelations 
• How South Dakota has become a wealth haven 
• What the leaks mean for future crypto crackdowns 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Hiroshi Watanabe/DigitalVision/Getty Images, modified by CoinDesk.

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

“Long Reads Sunday” tackles the hard questions through Twitter threads.

This episode is sponsored by NYDIG.

On this week’s edition of “Long Reads Sunday,” NLW reads four Twitter threads:

Alex Gladstein on whether the crypto experiment has failed

• https://twitter.com/gladstein/status/1442518707926831105

Russian political opposition figure Alexey Navalny on big tech complicity

• https://twitter.com/navalny/status/1441065558267633666

Adam Cochran on the debt ceiling chicken game

• https://twitter.com/adamscochran/status/1443392843456864265

Jason Yanowitz on why CryptoPunks will be worth $10m

• https://twitter.com/JasonYanowitz/status/1442896400119832577

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Malte Mueller/Getty Images, modified by CoinDesk.

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

Blockchain technology presents opportunities for dissonant opinions, fractionalization and internal reform unmatched in the fiat world.

Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com

Join hosts Jonathan Mohan, Stephanie Murphy and Andreas M. Antonopoulos as they dissect “Voice and Exit,” or the power and necessity of being able to impact a system, whether financial, social or governmental, and if necessary, leave altogether. “Voice and Exit” was popularized by Balaji Srinivasan in 2013, where Srinivasan outlined how voice is attempting to change a system from within, while exit is leaving to create a new one.

Crypto has provided new methods to exercise voice and exit. Forks, software or protocol changes that users can choose to upgrade to, are an example of exit inherent to blockchain technology. Forks give the community a chance to decide whether to continue with the upgrade or remain in the old rules; forks have created spin-off currencies like Bitcoin Cash and Bitcoin SV.

As opportunities for voice and exit seem to be gradually disappearing, can crypto help those who need them most?

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Crystal Blockchain is building a better, safer cryptocurrency space with end-to-end solutions for all your analysis, investigative, and compliance needs. The team of world-class experts creating a more transparent crypto economy via blockchain analysis. Learn how to get started at crystalblockchain.com.

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Episode art is a photo from Wesley Tingey/Unsplash, modified by Speaking of Bitcoin

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

It’s not the broker provision, but lurks in the same infrastructure bill and could conceivably be worse.

This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

• Hidden crypto tax provision 6050I 
• Chilling language from British lawmakers around using CBDCs to control citizens’ spending 
• The Compound political gaffe 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk.

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

In comments before the House Financial Services Committee the Fed chair says it’s not his intention to ban crypto.

This episode is sponsored by NYDIG.

On today’s episode, NLW discusses the market mood shift as September becomes October, and looks at:

• Powell’s comments on crypto bans before Congress
• El Salvador’s volcano bitcoin mining 
• Mayor Suarez’s MiamiCoin
• A Helium initiative to fix the digital divide 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

-

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

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

From a more favorable regulatory standing to mining fundamentals and adoption, autumn looks like a good time to bitcoin.

This episode is sponsored by NYDIG.

On today’s episode, NLW looks at why bitcoin could be poised to grab more mindshare this fall, including:

• Coming regulatory pressure on DeFi and stablecoins
• Regulatory clearance for bitcoin (and a bitcoin futures exchange-traded fund)
• Fundamentals and the great hashrate migration out of China
• Adoption and proof points on Twitter and in El Salvador
• Historical cyclical patterns

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: TRAVELARIUM/iStock/Getty Images Plus, modified by CoinDesk.

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