Mathias Imbach (Sygnum Bank) on the importance of crypto banking (EP.153)
Play • 49 min

Mathias Imbach, cofounder and CEO of Sygnum Singapore, joins the show. In this episode: 

  • How Mathias came to cofound Sygnum
  • The state of affairs in Crypto Valley in Switzerland today
  • Why crypto banks are necessary and useful
  • Why the company is split – cofounders, offices, and investors – between Zurich and Singapore
  • Why Switzerland and Singapore are suitable venues for a crypto bank
  • The case for convergence between traditional financial infrastructure and the crypto industry
  • Sygnum's product lineup
  • Current regulatory attitudes towards the crypto industry in Switzerland in Singapore
  • How Sygnum compares with the entities receiving crypto-focused bank charters in the U.S.
  • Switzerland's treatment of the Travel Rule for crypto exchanges
  • The current state of EU regulations for crypto service providers
  • How Sygnum created a tokenized Swiss Franc backed directly by central bank liabilities
  • Differences between tokenized base money and a state-issued CBDC
  • Mathias' explanations for the renewed enthusiasm for Bitcoin in the market
  • Why Bitcoin and gold decoupled earlier this year – and how Bitcoin stopped being a rates bet
  • How Sygnum's clients are an indication of the changing nature of Bitcoin investors
The Blockchain Debate Podcast
The Blockchain Debate Podcast
Richard Yan
Motion: Tether has always been acting in bad faith (Bennett Tomlin vs. Larry Cermak, co-host: Patrick McKenzie)
Guests: *Bennett Tomlin (@bennetttomlin)* *Larry Cermak (@lawmaster)* Host: *Richard Yan (@gentso09) Patrick McKenzie (@patio11, special co-host) * Today’s motion is “Tether has always been acting in bad faith.” This topic is very relevant for today’s markets because Tether is simultaneously an incredibly important, if not the most important, source of on-ramp liquidity for crypto, and a controversial, legally-challenged, blackbox operation that make market participants worry about their undesirable dealings and, worse, imminent collapse. We previously had a similar debate on this with Matthew Graham from Sino Global Capital vs Cas Piancey, the independent crypto commentator and Tether skeptic. So definitely check that out. Today’s debaters are Larry from the Crypto publication and Bennett Tomlin, another crypto commentator and Tether skeptic. The episode was also co-hosted by Patrick McKenzie, who also did extensive independent research on Tether. If you’re into crypto and like to hear two sides of the story, be sure to also check out our previous episodes. We’ve featured some of the best known thinkers in the crypto space. If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter. Please note that nothing in our podcast should be construed as financial advice. Source of select items discussed in the debate (and supplemental material): * Paper claiming unbacked Tether drove BTC price: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066 * Papers dispelling the above notion: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3175876 * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3508006 * Patrick McKenzie comprehensive history of Tether: https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ * Bennett Tomlin blog: https://bennettftomlin.com/ * The Block publication: https://www.theblockcrypto.com/ * Amy Caster Tether timeline: https://amycastor.com/2019/01/17/the-curious-case-of-tether-a-complete-timeline-of-events/ Guest bios: Bennett Tomlin regularly publishes articles about fraud in the crypto space via his blog. His dayjob is data scientist and fraud investigator in the pharmacy benefits area. Larry Cermak is Director of Research and Analysis at The Block, a crypto research, analysis and news outlet geared toward institutional investors. Patrick McKenzie is a Tokyo-based entrepreneur and commentator. He wrote a thorough recount of the Tether controversy on his personal website. Patrick works for the Internet at Stripe. All comments are his own.
1 hr 16 min
The Scoop
The Scoop
The Block
Meet the CEO trying to convince every multi-billion dollar insurance fund to buy bitcoin
Bitcoin investment firm NYDIG raised $50 million in October, quadrupled its clients and life insurance company MassMutual purchased a minority stake in the firm. This came about because bitcoin is transitioning to a predominantly institution-owned asset, according to NYDIG CEO Robert Gutmann.  MassMutual made a $5 million equity investment in NYDIG last December, as well as a $100 million bitcoin investment for its general investment account through NYDIG. On today's episode of The Scoop, Gutmann said this event could open the floodgates for insurance giants to get in on bitcoin. “You are going to see a lot of dominoes fall after this," he said. Based on the set of macro circumstances 2020 presented, insurance companies are starting to question whether they can go forward only buying corporate credit to make good on policies, according to Gutmann.  "Over some number of years, it's hard for me to imagine it is not all of them [investing in bitcoin]," he said. "If MassMutual can get there from a diligence perspective so can the next one...It's definitely coming." He also sees publicly-traded companies following in the footsteps of Square and MicroStrategy. Both firms allocated a portion of their balance sheets to bitcoin.  In Gutmann's view, these companies have a "fiduciary duty to consider whether holding 100% of your assets in dollars is in the best interest of your shareholders." "Reasonable people can have different opinions about that, but I personally don’t think only Jack and only Michael and no one else is going to do a cold analysis of that and not come to that conclusion," he said. On today's episode of the Scoop, Gutmann also touched on: Why he expects more insurance companies will enter the crypto space over time How the MassMutual deal came to be Why public companies are interested in bitcoin and how the adoption narrative for public companies is similar to that of insurance firms Why his institutional clients are only interested in bitcoin  NYDIG's M&A strategy. Listen to today's episode on Apple, Spotify, Google Play, Stitcher or wherever you listen to podcasts.
46 min
The Delphi Podcast
The Delphi Podcast
Tom Shaughnessy
Taking Crypto Mainstream: Do Kwon Covering Terra, Mirror and Anchor
Delphi Digital analyst Jonathan Erlich hosts Do Kwon, Co-Founder and CEO of Terraform Labs, to discuss all things Terra. The conversation dives into Terra’s vision and impressive 2020, as well as into Chai and some exciting recent developments such as Mirror and Anchor. The full interview transcript is available here! Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first. - Show Notes: (1:30) – (First Question) - Do Kwon’s Background and what brought him to Crypto. (3:18) – How Do Kwon defines Terra? (6:41) – Terra´s Stablecoins Walkthrough. (9:01) – Peg Stability. (11:06) – Thoughts about Chai / Chai´s Success. (16:01) – UX from the Merchant Perspective. (18:53) – How Terra benefits from Chai? (23:01) – 3 Announcements around Chai. (31:13) – Smart Contracts for Terra. (37:50) – Mirror’s Competitive Advantages. (40:34) – Thoughts about Value accrual in Mirror. (43:47) – Mirror Regulation. (46:33) – Mirror’s Sustainability / The liquidity mining campaign ends, What’s Next? (50:45) – Anchor: A new Savings and Lending Protocol. (56:48) – Thoughts about Anchor’s development. (57:28) – What can we expect from Terra for 2021? Music Attribution: * Cosmos by From The Dust | https://soundcloud.com/ftdmusic * Music promoted by https://www.free-stock-music.com * Creative Commons Attribution 3.0 Unported License * https://creativecommons.org/licenses/by/3.0/deed.en_US Resources: * Do’s Twitter: https://twitter.com/d0h0k1 * Terra Site: https://terra.money/ * Mirror Site: https://mirror.finance/ * Anchor Site: https://anchorprotocol.com/ * Jonathan’s Twitter: https://twitter.com/JonathanErlichL * Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More * Our Video interviews Can Be Viewed Here: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q * Access Delphi’s Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.
1 hr 1 min
Bankless
Bankless
Bankless
48 - Death of Dollar Dominance | Lyn Alden
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ ----- DEBRIEF OF THIS EPISODE (Member-only): https://shows.banklesshq.com/p/exclusive-lyn-alden-debrief ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️ AAVE - BORROW OR LEND YOUR ASSETS https://bankless.cc/aave 🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP https://bankless.cc/go-gemini 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith 📱 DHARMA | MOBILE ONRAMP DIRECTLY INTO DEFI https://bankless.cc/dharma ------ 48 - Death of Dollar Dominance | Lyn Alden Lyn Alden of Lyn Alden Investment Strategy has quickly risen to fame in the Bitcoin universe for her sharp analysis on long-term macro trends and brings plenty of data to back up her analysis. She’s one of our favorite macro and economics minds. Global macro events have such a strong interplay with crypto. In order to understand crypto, we need to understand the big picture We ask Lyn about the changes forces around the US Dollar, as demand and supply of the Dollar is less understood and less stable than ever before. We also ask Lyn about the relationship between the position of the U.S. Dollar as the world reserve currency, and the social unrest found inside the U.S. borders. It turns out, that the U.S. Dollar as the world reserve currency is not the best situation for those that reside inside the country! We bring up Ray Dalio's Long Term Debt Cycles mental model, and ask Lyn to connect it to the Fourth Turning Theory, in an attempt to discover some of the hidden forces behind the social unrest found in America. Fourth Turning Theory: https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory Highly recommended Lyn Alden piece on the Future of the Dollar https://www.lynalden.com/fraying-petrodollar-system/ Sign up for Lyn’s monthly macro newsletter https://www.lynalden.com/january-2021-newsletter/ ------ Don't stop at the video! Subscribe to the Bankless newsletter program http://bankless.substack.com/ Visit the official Bankless website http://banklesshq.com/ Follow Bankless on Twitter https://twitter.com/BanklessHQ Follow Ryan on Twitter https://twitter.com/ryansadams Follow David on Twitter https://twitter.com/TrustlessState ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case
1 hr 40 min
Swan Signal - A Bitcoin Podcast
Swan Signal - A Bitcoin Podcast
Swan Bitcoin
End Game - Lyn Alden and Jeff Booth - Swan Signal Live E45
Lyn Alden of Lyn Alden Investment Strategy and Jeff Booth, entrepreneur and author of The Price of Tomorrow held a lively discussion about technology as a deflationary force, long-term debt cycles, and Bitcoin as a solution to unpayable sovereign debt. Why Bitcoin is Not a Ponzi Scheme https://www.swanbitcoin.com/why-bitco... The Fraying of the US Global Currency Reserve System https://www.lynalden.com/fraying-petr... 7 Misconceptions about Bitcoin, and Where to Buy https://www.lynalden.com/misconceptio... The Greatest Game https://medium.com/the-bitcoin-times/... Lyn Alden's Website https://www.lynalden.com/ Follow Lyn on Twitter: https://twitter.com/LynAldenContact Jeff Booth's Website https://www.jeffreybooth.com/ Follow Jeff on Twitter: https://twitter.com/JeffBooth Summary: 00:00 Introduction 5:30 Break Down of the Dollar 8:30 History of the Dollar as the World Reserve Currency 16:30 Consequences of our Unstable World Monetary Policy 18:25 Triffin’s Dilemma 21:30 How Fiat Causes the Concentration of Wealth 26:30 The Effects of Time-Theft 32:00 Monopoly Money vs. Bitcoin 40:00 World Reaction to Bitcoin, Deflation, & Network Effects 47:00 Short Term Effects of a Potential “Unwinding” 56:00 Debunking FUD 56:30 “Bitcoin Is A Bubble” 1:02:00 “Bitcoin’s Intrinsic Value Is Zero” 1:03:00 “Bitcoin Isn’t Scalable” 1:05:00 “Bitcoin Wastes Energy” 1:07:30 “Bitcoin Is Too Volatile” 1:09:15 “Bitcoin Is A Ponzi Scheme” 1:13:00 “The Government Will Ban Bitcoin” 1:15:00 Closing Thoughts 1:20:00 SSL Sign-Off Swan Signal Live pairs great guests for compelling discussions about Bitcoin and economics. Subscribe and turn on notifications for more content from one of the best Bitcoin channels on YouTube. Find the audio podcast at https://swansignalpodcast.com Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Telegram: https://t.me/swansignal LinkedIn: https://www.linkedin.com/company/swan... Swan Signal Live is a production of Swan Bitcoin, the best way to accumulate Bitcoin through automatic recurring buys at https://swanbitcoin.com. Get paid to recruit new Bitcoiners: https://swanbitcoin.com/enlist
1 hr 22 min
Blockcrunch: For Global Crypto Investors | Investment Theses | Project Breakdowns  | Industry Trends
Blockcrunch: For Global Crypto Investors | Investment Theses | Project Breakdowns | Industry Trends
Jason Choi
Ponzis or Game-changer? Algorithmic Stablecoins Part I - Ben Simon, Mechanism Capital, Ep. 128
Algorithmic stablecoins like Ampleforth, Basis Cash, Empty Set Dollar and Frax are all the rage...but do these ostensible "ponzi" games have have any lasting value? In Part 1 of our 2 part series, Mechanism Capital analyst Ben Simon(@benjaminsimon97) joins us in discussing: * The economic origins of algorithmic stablecoins * The main trade offs of algo stable models * How algo stables compare to other trustless stablecoins * Ampleforth vs. Basis Cash Jason Choi (@MrJasonChoi). This show is not financial advice; show host and guest may hold some of the assets discussed. ------------- Sponsors ------------- BITTREX GLOBAL: You can now trade tokenized stocks like Google, Netflix, Amazon and Alibaba on Bittrex Global. Users can trade 24/7 globally, even purchase fractions of a share. Sign up now: https://global.bittrex.com/discover/tokenized-stocks. RADIX: Radix is the first layer-one protocol specifically built to serve DeFi. Decentralized finance applications are currently built on protocols that are not fit for purpose, leading to congestion, hacks and developer frustration. Radix changes this by introducing a scalable, secure-by-design, composable platform with a DeFi specific build environment to make it easy to build and launch scalable DeFi. Find out more at www.radixdlt.com NEXO: Borrow and lend crypto at market-beating rates: Nexo.io ------------- Disclosures ------------- Musical credits: Underground Stars by Loxbeats https://spoti.fi/34tPBBO Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/underground-stars Music promoted by Audio Library https://youtu.be/vpJDMD2EzkA Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions.
32 min
Once BITten!
Once BITten!
Daniel Prince
@AlvaroSanmartin - A Class Of 2020 #Bitcoin Noob Already Giving Back To The Community!
BTC $ 38,602 Today's guest on the show is @AlvaroSanmartin who joins us to discuss the art of learning and how we can apply the tactics he has learnt over the years to help educate more people about #Bitcoin! Listen to @AlvaroSanmartin describe his rapid descent into the #Bitcoin rapid hole and how @saifedean book The #Bitcoin Standard has unlocked yet another bitcoiner! How does a noobie go from non-coiner to bitcoiner to building a project to give back to the community in just a matter of weeks? What the hell does @realmadrid have to with #bitcoin and our conversation? Does the proposed project of https://mindsstudio.com/bitcoin/ have legs, will people be interested in joining to meet with and learn alongside others? If you do have interest in this project I will be working closely alongside  @AlvaroSanmartin and joining the sessions. I will also ask #Bitcoin guests to join us to discuss what topics that we decide to dive deeper into! Thank you @AlvaroSanmartin for coming on the show to share your journey and your project and welcome to the #bitcoin rabbit hole! I stand on the shoulders of giants, these guys are amazing. Thank you: @coinfloor @swanbitcoin for your trust and support. @adamwoodhams1 for producing the show. @jimreapermusic for creating www.once-bitten.com @hodlerthanthou and the Britcoiners @twentyoneism. Shills and Mench’s: www.coinfloor.co.uk/bitten www.swanbitcoin/bitten @Vladstan @galileoxp @Saifedean @RaulGonzalez @realmadrid FLORENTINO PÉREZ RODRÍGUEZ - CEO - Real Madrid https://www.realmadrid.com/en/about-real-madrid/the-club/structure/board-members @Luckynumber17_ @TampaBayRowdies
1 hr 17 min
The Crypto Conversation
The Crypto Conversation
Brave New Coin
Axie Infinity & the blockchain gaming play to earn revolution
Axie Infinity is a Pokémon-inspired blockchain-based digital pet universe where players can earn tokens through gaming. Players can battle, collect, breed, and build a kingdom for their pets. Like CryptoKitties, Axies are non-fungible tokens (NFTs) represented as cryptographically unique characters that can’t be replicated. And like Pokémon, they are born to battle. While Axie can be just a game, it has built a strong social network, passionate community, and emerging jobs platform due to the play to earn opportunities it is generating. Guest: Jeff Zirlin Why you should listen: Jeff grew up playing games like Neopets, Pokémon, and World of Warcraft. “I played so much WOW that my parents sent me to boarding school,” he says. “I’ve always been a collector. As I kid my dad and I would collect fossils and insects. And as a lifelong gamer, I’m a digital collector as well, so I was predisposed to be interested in blockchain gaming.” The blockchain gaming play to earn revolution started to gain traction after it emerged that a large community of players in the Philippines was earning money playing Axie Infinity. Jeff says "Most game companies sell in-game resources, items, and upgrades. With Axie there's an in-game resource that you need to create more Axies and it's called the love potion. So most game developers would sell this love potion, and people would pay for it. In Axie we don't sell it ourselves, the only way that love potions can be created is by people playing the game. Players who have big Axie collections need the love potion to breed Axies and have to buy the token from a liquidity pool on UniSwap or from Binance. So players can earn a basic income and we've seen that with the rise in value of ETH, this can appreciate significantly.” Key takeaway: The power of blockchain games is that they're becoming more than games. They're becoming places that we can live, work, and play. The eventual vision is to create a Metaverse similar to Ready Player One where people spend the majority of their time. “We believe in a future where work and play become one,” says Jeff. “And we believe in empowering our players and giving them economic opportunities.” To do this the Axie team is committed to aligning the incentives of the Axie community. Players can earn the AXS governance token. The token economics were designed by Delphi Digital. Delphi Digital has invested a significant amount of capital in buying several extremely rare Mystic Axies. If Axie Infinity continues to gain traction Mystic Axies will grow in value in the future. Jeff says “We’re seeing the rise of Mystic Axies and other NFTs as a true asset class. This trend accelerated when Delphi Digital picked up some of the rarest Axies in the game, like quadruple Mystics, triple Mystics. You can think of Mystics as rare and valuable skins. It makes sense that there's a lot of interest around NFTs and it makes sense because we live in a digital world.” Supporting links: Axie Infinity Delphi Digital on Axie Leverj Jeff on Twitter Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
51 min
Unchained
Unchained
Laura Shin
Willy Woo: How Bitcoin Reaches up to $300,000 by End of Year - Ep.207
Willy Woo, a prominent on-chain Bitcoin analyst and author of the “The Bitcoin Forecast,” a market intelligence newsletter, explains the parabolic activity of Bitcoin in the past month. We cover: * why he thinks Bitcoin has more than doubled in the last month * what the "double pump" market is and why Bitcoin may see two rallies this cycle * what stage of the Bitcoin bull market we are currently in * who is buying, and how they've differed from previous investors * who still is yet to buy this cycle * why Bitcoin hitting new all-time highs mean that we're in "uncharted price discovery" * how his "top cap model" shows Bitcoin could be around $95k by end of year * and how if certain trends accelerate, it could reach $200,000-$300,000 by year's end * how the pandemic impacted Bitcoin’s price * what on-chain movements he's seeing that make him call the current cycle of Bitcoin "whale spawning season” * how to gauge the increasingly rapid investor activity * what to expect from Bitcoin and Ethereum in 2021 Thank you to our sponsors! Crypto.com: http://crypto.com 1inch: http://1inch.exchange Episode links: Willy Woo: https://twitter.com/woonomic Woobull.com: http://charts.woobull.com Willy on Unconfirmed: https://unchainedpodcast.com/willy-woo-on-why-its-an-extremely-great-time-to-buy-bitcoin/ Fibonacci traces tweet: https://twitter.com/woonomic/status/1347433551906500614?s=20 Bitcoin reflexivity: https://twitter.com/woonomic/status/1344189627997949952/photo/1 Who has been buying recently: https://twitter.com/woonomic/status/1347127159538688002?s=20 Double pump bull market: https://twitter.com/woonomic/status/1346889817792004096?s=20 Buying by long-term holders: https://twitter.com/woonomic/status/1346827893322616833/photo/1 What percentage of the Bitcoin supply is liquid: https://insights.glassnode.com/bitcoin-liquid-supply/ Premium above NVT Price: https://twitter.com/woonomic/status/1346797291668029440/photo/1 Accumulation of BTC before the OCC announcement: https://twitter.com/woonomic/status/1346296294797582336/photo/1 Will never see a $20k BTC again: https://twitter.com/woonomic/status/1345660018541019138?s=20 Bitcoin as investment vs. tech: https://twitter.com/woonomic/status/1345221723751206912?s=20 NVT Ratio: http://charts.woobull.com/bitcoin-nvt-ratio/
1 hr 12 min
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