The Breakdown
The Breakdown
4 days ago
Is Crypto Converging With Public Markets?
Play episode · 17 min

Today on the Brief:

  • Initial jobless claims rise to highest level since August
  • BTC as a DeFi reserve asset
  • Twitter reactions as Filecoin goes live

Our main discussion focuses on the convergence of the crypto and public markets. NLW looks at:

  • Narratives of bitcoin’s correlations to stocks
  • Growing overlap of retail and institutional traders
  • SPACs and public crypto companies 
  • Bitcoin treasuries 
  • Geopolitical intrigue around ANT Financial
Unchained
Unchained
Laura Shin
SEC Commissioner Hester Peirce on BitMEX, DeFi and a Token Safe Harbor - Ep.194
Hester Peirce, AKA “Crypto Mom,” was just confirmed to a second term as SEC Commissioner of the Securities Exchange Commission in August. In this episode, she talks about: * the reasons for her dissent in the Unikrn Settlement and what she believes would have been a proper penalty * the current status of her token safe harbor proposal * her thoughts on fair launch projects as opposed to traditional VC-backed tokens * her view on how the SEC should view airdrops * her thoughts on whether existing securities laws could be tweaked as opposed to implementing a safe harbor * whether she thinks DeFi governance tokens should be considered securities * her thoughts on DeFi playing its own regulatory role * her thoughts on the Securities Clarity Act introduced in Congress * the chances of a Bitcoin ETF being approved by the SEC in the future * the charges against BitMEX and the effect it may have on the industry in general * stablecoins, and how they might raise securities issues * and whether she thinks that all securities could one day be tokenized Thank you to our sponsor! Crypto.com: https://www.crypto.com Episode links: Hester Peirce: https://twitter.com/HesterPeirce SEC: https://www.sec.gov Her dissent on the Unikrn settelement: https://www.sec.gov/news/public-statement/peirce-statement-settlement-charging-token-issuer Unconfirmed interview on her safe harbor proposal: https://unchainedpodcast.com/sec-commissioner-hester-peirce-on-her-safe-harbor-proposal/ Her token safe harbor proposal: https://www.sec.gov/news/speech/peirce-remarks-blockress-2020-02-06 Unchained interview with Cmr. Peirce: https://unchainedpodcast.com/sec-commissioner-hester-peirce-come-talk-to-the-sec/ Proposal in The Block on ways to amend existing securities law instead of issuing a token safe harbor: https://www.theblockcrypto.com/post/57207/case-for-reg-a-response-commissioner-peirce-sec-token Is UNI a security: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate FCA banning crypto derivatives and ETNs: https://www.coindesk.com/fca-bans-sale-of-cryptoderivatives-to-retail-consumers-in-uk https://www.theblockcrypto.com/post/79911/uk-regulator-fca-bans-crypto-derivatives-retail-users Securities Clarity Act: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate Statement on ATS’s: https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-ats-role-in-settlement-of-digital-asset-security-trades-09252020.pdf SEC chairman Jay Clayton says all stocks could be tokenized: https://www.theblockcrypto.com/post/79783/all-stocks-tokenized-sec-chairman-clayton
29 min
What Bitcoin Did
What Bitcoin Did
Peter McCormack
Bitfinex - The Hacks, Tether and Bitcoin with Paolo Ardoino
“It’s important to us to support Bitcoin and to show respect to the coin that made all of this possible.” — Paolo Ardoino Location: Squadcast Date: Monday 7th September Company: Bitfinex Role: CTO Bitfinex is one of the oldest and largest Bitcoin exchanges. Since 2014, the exchange has had to endure multiple hacks, including at $60 million theft in 2016. iFinex, the parent company of Bitfinex, also oversees Tether. Tether is the largest stablecoin, regularly facilitating over $50 billion in daily trading volume and is supported by close to 150 exchanges. It too isn't without its controversies, there have been calls to audit Tether to prove that it is fully reserved and there are claims ether printing has been used to manipulate the markets. Despite the controversies, the Bitfinex and Tether teams have been instrumental in supporting the growth of Bitcoin. In this interview, I talk to Paolo Ardoino the CTO of Bitfinex. We discuss how Bitfinex dealt with the exchange hacks, protecting against future attacks, Tether, the Lightning Network and funding Bitcoin projects. This episode’s sponsors: Kraken - The best place to buy, sell & trade Bitcoin BlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts Bitcoin Casa - The leading provider of Bitcoin multisig key security. Least Authority - Helping projects improve their security and build secure technology. ----- WBD270 - Show Notes ----- If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following: Become a Patron and get access to shows early or help contribute Make a tip: Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S QR Codes: Bitcoin If you do send a tip then please email me so that I can say thank you Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed Leave a review on iTunes Share the show and episodes with your friends and family Subscribe to the newsletter on my website Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Epicenter Media Ltd.
Kyle Samani: Multicoin Capital – The Thesis-Driven Cryptoasset Investment Firm
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. They manage a hedge fund and a venture fund, investing across both public and private markets. They are extremely bullish on smart contract platforms and DeFi is one of their main areas of focus. They've invested in several projects and companies such as Algorand, Arweave, Nervos, Skale, Solana, to name a few. We originally had Multicoin on the show in February of 2018 when they were still reasonably new and we were in the height of the ICO bubble. Kyle Samani, Co-founder and Managing Partner, joins us back on the show to share not only how Multicoin has changed since then, but also the cryptoasset industry as a whole. Topics covered in this episode: * What are the Multicoin theses and have they changed since Kyle was last on the show * Why the most used smart contract platform will produce the winning store of value * The role of gold in today's economy * Bitcoin gaining traction in today's asset management circle * Other assets that will eventually displace Bitcoin * Which projects Multicoin are backing at the moment * DeFi vs CeFi and latency * Discussing what DeFi actually is * Cryptocurrency's future role in the traditional financial system and the impact of potential new regulations * How the cryptoasset industry has changed since Multicoin started and where it is headed * The underrated areas Multicoin are looking at today Episode links: * Multicoin Capital * Multicoin's first appearance on Epicenter * Multicoin blog * The Multicoin Thesis * Multicoin on Twitter * Kyle on Twitter Sponsors: * Algorand: To learn more about Algorand and how it’s unique design makes it easy for developers to build sophisticated applications. - https://algorand.com/epicenter This episode is hosted by Sebastien Couture & Brian Fabian Crain. Show notes and listening options: epicenter.tv/361
1 hr 10 min
Bankless
Bankless
Bankless
35 - Designing Ethereum | Vitalik Buterin
🚀 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/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 🌐 UNSTOPPABLE DOMAINS - HUMAN READABLE ETHEREUM & CRYPTO ADDRESSES https://bankless.cc/unstoppable 🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI http://bankless.cc/zapper 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn ------ 35 - Designing Ethereum | Vitalik Buterin With Ethereum 2.0 on the horizon, we bring Vitalik Buterin back onto the podcast to discuss the 'why' behind many of the design choices of Ethereum 2.0 Why Proof of Stake? Why Sharding? We also go over what has been discovered and added between the 2015 launch of Ethereum 1.x, and where we are now, such as - EIP1559 - Rollups as well as Vitaliks view of a 'rollup centric Ethereum' We also discuss the process going getting Ethereum 1 onboarded into Ethereum 2.0, as well as a rollup-round where we ask some quick questions! 'Rollup Centric Ethereum' blog post: https://ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698 Get ready for Staking: https://bankless.substack.com/p/guide-becoming-a-validator-on-the History: https://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/ https://vitalik.ca/general/2019/11/22/progress.html https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/ https://vitalik.ca/general/2020/08/17/philosophy.html ------ Don't stop at the video! Subscribe to the Bankless newsletter program http://bankless.substack.com/ Visit the official Bankless website for resources 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 Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad ----- 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 59 min
The Contrarian Investor Podcast
The Contrarian Investor Podcast
Nathaniel E. Baker
James Altucher and Where (Not) to Invest Ahead of the Election -- And Beyond
Support this podcast by signing up to become a premium subscriber here. Get access to podcast episodes days before they are released to the general public and without any ads or announcements. James Altucher needs to introduction. For several decades he has been an outspoken contrarian on matters ranging from investing to politics, society, entrepreneurialism, and all points in between. We planned to limit this conversation to investing. That didn't happen. Instead Altucher spoke on a wide range of issues -- including investing -- and introduced some items that he hadn't discussed before publicly. If you do want to skip to the investing content, it starts at (20:26). Content Segments (Spotify users can click on the timestamp to link to the segment directly) * We start with a discussion of Altucher's recent controversial articles, about the death of New York and why he's not voting in next month's election (4:21); * "Why should I have to choose between two different crime families?" (8:57); * Still, there should be a good turnout this year. Altucher does not expect anybody to follow his lead in not voting -- and is not suggesting they do, anyway (12:57); * Who he thinks is going to win the election, and why (19:41); * Views on markets at present (20:26); * The worst-case scenario for the election and beyond (24:23); * Muni bonds and closed-end funds: sound boring, but there are opportunities (27:32); * Additional background on the guest. What were the major turning points in his life and his career? (33:18); * Warren Buffett, the OG of investing (39:45); * What are the growth areas he is excited about today? (42:14); * What to look for, and what to avoid, when it comes to "fallen angels" (46:24); * His upcoming projects, including a new company that facilitates video and audio streaming, and podcasting (50:35); * Altucher remains in NYC, despite what media might have reported (53:15) For More Information on the Guest: * Website: JamesAltucher.com * Twitter: @JAltucher * LinkedIn
57 min
Unconfirmed
Unconfirmed
Laura Shin
What You Need to Know About the DOJ's Cryptocurrency Enforcement Framework - Ep.147
Jessie Liu, partner at Skadden and the former US attorney for the District of Columbia, headed up the team that has prosecuted what some believe is the greatest number of cryptocurrency crimes worldwide — Welcome to Video, Dark Scandals, Helix, North Korea, Hamas/Al Qaeda and ISIS. In this episode, she discusses: * how she came to create a Threat Finance Unit that focuses on the intersection of cybercrime that threatened national security * what the DOJ's new cryptocurrency enforcement framework means and what the significance is of the framework * what parts of the framework crypto startups should pay attention to * whether the DOJ will continue to act in concert with other agencies, as it did recently with its indictment of four executives at cryptocurrency derivatives exchange BitMEX in conjunction with an enforcement action by the CFTC against the same exchange * how DOJ can claim jurisdiction over exchanges located outside the US, on a practical level, go after entities located outside * how the FATF global standards will affect enforcement in the US * the DOJ's stance toward "anonymity-enhanced" cryptocurrencies, or privacy-preserving coins * the DOJ's disagreement that EU's privacy law, GDPR, can be used by some crypto exchanges to keep the DOJ from obtaining data from those exchanges * how willing foreign countries are to coordinate with US law enforcement and whether cryptocurrency criminals could engage in jurisdictional arbitrage Thank you to our sponsor! Crypto.com: http://crypto.com Episode links: Jessie Liu: https://www.linkedin.com/in/jessie-k-liu/ Skadden bio: https://www.skadden.com/professionals/l/liu-jessie Press release about cryptocurrency enforcement framework: https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework Cryptocurrency enforcement framework: https://www.justice.gov/ag/page/file/1326061/download Unchained podcast about FATF rules: https://unchainedpodcast.com/why-the-travel-rule-is-one-of-the-most-significant-regulations-in-crypto/ CoinDesk on how the enforcement framework is a warning shot to offshore exchanges: https://www.coindesk.com/doj-crypto-framework-warning Links from news recap: https://unchainedpodcast.com/bitcoin-whale-rocket-chart
32 min
The Pomp Podcast
The Pomp Podcast
Anthony Pompliano
#410: Jeff Richards on Investing In Innovation
Jeff Richards is a Managing Partner at GGV Capital. He has been at the firm since 2008 and previously spent 13 years as an entrepreneur and operating executive in the US and Asia. Jeff founded two technology startups, including R4 which was acquired by VeriSign.  In this conversation, we discuss Jeff's investment strategy, Wish, Coinbase, Lambda School, Slice, his biggest winners & losers, the advantages to being a public company, the resiliency in Silicon Valley, and various geographic investment markets around the world.  ============================== BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. To start earning today visit: http://www.blockfi.com/Pomp ============================== Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com
59 min
The Wolf Of All Streets
The Wolf Of All Streets
Scott Melker | BlockWorks Group
Beating the Banks with Alex Mashinsky, CEO of Celsius Network
Alex Mashinsky came to the U.S. as an immigrant in the 1980’s after living in both communist and socialist countries. His diverse background made him passionate about helping people and developing a "better bank" that rewards its customers rather than stealing from them. Fascinated with blockchain and fintech, Alex founded Celsius Network, a platform with unbeatable yields that would finally stand up to the banks, giving people the hard-earned money they deserve. Scott Melker and Alex Mashinsky further discuss moving to the U.S. in the ’80s, phone company monopolies, the urge to disrupt, creating Celsius Network, giving 80% of the profits to the community, bank bailouts, daytime robbery, beating the banks, crypto community fees, hedge funds in crypto, the name “Sushi” as a leading indicator, the corrosion of standards and voting with your wallet. --- VOYAGER This episode is brought to you by Voyager, your new favorite crypto broker. Trade crypto fast and commission-free the easy way. Earn up to 6% interest on top coins with no lockups and no limits. Download the Voyager app and use code “SCOTT25” to get $25 in free Bitcoin when you create your account. --- ELECTRONEUM Electroneum, has gained widespread adoption providing a mobile-first payment solution to the world's unbanked, attracting more than 4M users worldwide in less than three years. They have since launched a new freelance marketplace, AnyTask.com, which is providing thousands of freelancers the opportunity to sell their services to buyers globally, without the need of a bank account. Learn more at Electroneum.com. --- If you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe.This podcast is presented by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworksgroup.io
1 hr 5 min
Untold Stories
Untold Stories
Charlie Shrem | BlockWorks Group
Reinventing Governance & Crypto Social Experiments: Ethan Buchman, Co Founder of Cosmos
Ethan Buchman, Co Founder of Cosmos, joins Charlie Shrem on today’s episode of Untold Stories. Ethan and Charlie discuss social cohesion, social experiments, political economics, institutions, governance, Defi, speculation, sushi swap, experimental finance, legacy systems, decentralization, digital life forms, biophysics, sustainability, and building the infrastructure of the future. ––– Coingaming was formed when one Australian professional poker player, who knew first-hand the importance of fun, fast and fair gaming, met two Estonian tech whizzes who just so happened to be vanguards of Bitcoin. From there, Coingaming’s ecosystem of brands and products evolved, breathing new life into the gaming industry. Now with 400+ people, Coingaming is behind some of the world’s most innovative crypto gaming brands and is on a mission to further awareness of cryptocurrencies across the globe. ––– Permission Permission.io enables people to earn rewards for doing the same things online they do every day by empowering them to take back ownership of their personal data from Silicon Valley startups. People can now decide which brands and online retailers can target them with ads, and use the rewards earned for viewing them to pay for goods and services available online. Go to www.permission.io/charlie for a sign up bonus. ––– This podcast is powered by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at https://blockworksgroup.io
36 min
Michael Covel's Trend Following
Michael Covel's Trend Following
Michael Covel
Ep. 912: Shannon Polson Interview with Michael Covel on Trend Following Radio
What does it take for women to succeed in a male-dominated world? At age nineteen, Shannon Huffman Polson became the youngest woman ever to climb Denali, the highest mountain in North America. She went on to reach the summits of Mt. Rainier and Mt. Kilimanjaro and spent more than a decade traveling the world. Yet it was during her experience serving as one of the Army’s first female attack helicopter pilots, and eventually leading an Apache flight platoon on deployment to Bosnia-Herzegovina, that she learned the lessons of leadership that forever changed her life. Where did these insights come from? From her own crucibles of experience—and from other women. In the The Grit Factor, Polson made it her mission to connect with an elite pack of tough, impressive female iconoclasts who shared with her their candid stories of combat and career. This slate of decorated leaders includes Heather Penney, one of the first female F-16 pilots, who was put on a suicide mission for 9/11; General Ann Dunwoody, the first female four-star general in the Army; Amy McGrath, the first female Marine to fly the F/A-18 in combat and many more. These women led at the highest levels in the most complicated, challenging, and male-dominated organization in the world. Now when positive role models of women leading are needed as never before, Polson brings these voices together, sharing her own life lessons and theirs with storytelling flair, keen insight, and incisive analysis of current research. Bio: Shannon Huffman Polson served as one of the first women to fly the Apache helicopter in the US Army. In addition to her military service, she is the founder of the Grit Institute and speaks frequently on topics related to leadership, courage, resilience, and grit.
51 min
The Derivative
The Derivative
RCM Alternatives
Vol Curves and Vanna Charm with Cem Karsan
Today’s pod is all about word play playing into alternative investment. How does Jam Croissant relate to Cem Karsan? What about Vanna Charm and options definitions? Or the forever popular “there’s no such thing as a free lunch” evolving to “nothing is ever risk free”? To get together the definitions, explanations, and educated facts on all these nuances, we have FinTwit VIP & Founder and Senior Managing Partner of Aegea Capital Management, Cem Karsan. On top of alternative investment word witticism we’re also talking with Cem about how to actually pronounce Cem Karsan starting out as a market maker, Hagia Sophia, vanna informing trend following, buying options, twitter debates, Cem’s favorite jam & croissant, active to passive moves, the election pushing October, November, and December higher, how nothing is ever risk free, winner takes all mentality for market makers, market down/vol down market up/vol up, volatility retail call buying growth versus value, and all of the Greek/options definitions. Follow along with Cem on Twitter (@jam_croissant) and LinkedIn and check out Aegea Capital Management’swebsite. Chapters: 00:00-01:50 = Intro 01:51-14:04 =  A Globetrotting Background and the road to Aegea 14:05-30:06 = Market Makers Business Models 30:07-41:22 = Delta, Gamma, Vega, Vanna, Charm 41:23-52:55 = Playing the Players, Loving the Game 52:56-1:00:22 = Talking Aegea Capital & Getting an Edge 1:00:23-1:16:25 = Momentum vs Value, ProfPlum vs Jam 1:16:26-1:27:04 = Vol Surface & the Election 1:27:05-1:32:24 = Favorites And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, or LinkedIn, and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
1 hr 32 min
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