Chain Reaction – Market Dispersion & Post-Crisis Consequences w/ Mark Yusko
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In this episode, Kevin Kelly sits down with Mark Yusko, the CEO & CIO of Morgan Creek Capital Management and Managing Partner of Morgan Creek Digital Assets, to discuss the current state of markets, implications of extreme policy decisions in the wake of COVID-19, and the potential role Bitcoin and crypto will play in its aftermath. Mark shares invaluable insights from his +25yrs in investment management, drawing parallels to prior downturns and tech cycles while sharing his views on where we’re headed in the New Normal.
View Video Interview Here: https://www.youtube.com/watch?v=0S_6UntZ1eI
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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. Tom Shaughnessy owns tokens in ETH, BTC, STX, SNX, RUNE, sUSD and HNT. Let’s 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. Guest host Kevin Kelly holds tokens in BTC, ETH, RUNE, and LEO.
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China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative.Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director at the China Securities Regulatory Commission’s (CSRC) first technology supervision department, Beijing-based media outlet Caijing reports Dec. 11.Yao was the first director of the PBoC’s Digital Currency Research InstituteAs reported, Yao is now working as general manager at China Securities Depository and Clearing (CSDC), a branch of the CSRC.According to an extended report provided by Sina Finance, Yao became the first director of the PBoC’s Digital Currency Research Institute when it launched back in 2017. Yao has reportedly been highly concerned about the market, partly due to his contribution to the development of the central bank’s digital currency as well as research on fintech, especially blockchain technology.Yao has spoken in favor of blockchain technology Yao has taken a positive stance on blockchain, as previously reported by Cointelegraph. Still, the official has warned about the risks…Dec 11, 2019
XRP has been facing some bearish price action in recent times despite the ongoing recovery seen across the aggregated crypto markets and the increasing investments that Ripple is making to further enhancing the token’s utility.Analysts are noting that this lackluster price action is likely to result in further downside for XRP in the near-term, with one analyst noting that it is showing extreme weakness against both USD and BTC.XRP Struggles to Climb Above $0.20 Despite Strength in Aggregated Markets At the time of writing, XRP is trading up marginally at its current price of $0.195, which marks a slight decline from its daily highs of roughly $0.20 that were set overnight.It is important to note that the crypto has been caught within a bout of sideways trading over the past several days, which has come about in the time following its recent rally from its weekly lows of $0.17.Bitcoin has been incurring some decent upwards momentum over the past couple of days, although XRP has not been able to mirror these gains.This lackluster price action has also come about concurrently with news…Dec 24, 2019
Ethereum is currently trading inside a crucial breakout pattern against the US Dollar. ETH price is likely to start a strong increase once it clears the $205 resistance zone.Ethereum is still struggling to clear the key $205 and $206 resistance levels.The price is trading in a range above the $197 support and the 100 hourly simple moving average.There is a major breakout pattern forming with resistance near $205 on the hourly chart of ETH/USD (data feed via Kraken).There are chances of a strong rally if there is a clear break above $205.Ethereum Price is Eyeing Upside BreakEthereum price made another attempt to clear the key $205 resistance zone against the US Dollar, but it failed. A high is formed near $206 and the price is currently consolidating in a range.There was a downside correction below the $202 level. The price traded below the 23.6% Fib retracement level of the upward move from the $188 swing low to $206 high.However, the price is holding an important support near the $197 level and the 100 hourly simple moving average. There is also…May 15, 2020
Crypto Tidbits: Bitcoin Plunges Under $9,000, Bitfinex and OKEx DDOS Attacks, Warren Buffett Bashes Cryptocurrency Again
Another week, another round of Crypto Tidbits. Wow, what a past seven days for Bitcoin, cryptocurrencies, and global markets overall.Bitcoin saw a blood-red week, to say the least, falling from $10,000 on Sunday to a low of ~$8,480 within a few days’ time as buyers failed to keep the asset above the key $9,500 support. Altcoins saw an even worst performance, with Ethereum, XRP, Litecoin, amongst countless other top cryptocurrencies plunging 15% as they followed BTC lower. The crypto market carnage seen over the past week came as global markets, from stocks and commodities, started to crash across the board. The Dow Jones posted its worst point performance in history on Thursday, falling by over 1,000 points as American stocks came under a coronavirus crunch. Gold also fell under $1,600, plunging after reaching $1,700 as investors tried to leverage the asset as a safe haven. The fact that effectively all assets fell this week was a sign to some investors that Bitcoin and crypto’s weakness may be only temporary. Indeed, due to the potentially flagging U.S. economy caused by a decrease…Mar 1, 2020
A U.S. District Judge allowed the Blockchain Association to file a brief in an ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Kik despite the regulator’s concerns the group was not a neutral observer.,Apr 29, 2020
The oil market is in disarray at the moment, recording lower lows by the minute as the world watches on in shock. Over the past few months, reports of price wars among top oil-producing countries Saudi Arabia and Russia have culminated in the worst oil market crash in history. The price of a gallon of WTI crude oil stood at -$30 at one point in the early trading hours in the U.S market.The dip in oil prices has been attributed to the raging Corona Virus effects that impact the demand alongside political and economic pressures across the oil market. The cryptocurrency community has come out gun blazing to praise Bitcoin (BTC) as the investment asset of choice following the capitulation of the oil commodity market.Oil dips to lowest prices ever, 120% drop in a dayGo back a few years back when oil traded at $100 a barrel and the markets screamed bullish – some analysts predicting a possible boost to $500. Now, buyers are getting paid to take off the barrels of oil from the suppliers as demand hits rock…Apr 21, 2020
The Department of Homeland Security (DHS) found a number of security vulnerabilities in Voatz’s tech infrastructure during a cybersecurity audit of the mobile voting app vendor’s Boston headquarters, according to a newly declassified report obtained by CoinDesk. However, the DHS report, conducted by a Hunt and Incident Response Team with the department’s Cybersecurity and Infrastructure Security Agency (CISA) also determined Voatz had no active threats on its network during the week-long operation, conducted last September. It developed a series of recommendations to further boost Voatz’s security. Voatz has since addressed those recommendations. The CISA report was shared with CoinDesk hours after a technical paper by MIT researchers claimed to detail a number of major vulnerabilities in the Medici-backed Voatz’s app, including allegations that the app leaves voters’ identities open to adversaries and that ballots can be altered.The MIT report, published Thursday by graduate students Michael Specter and James Koppel and principal research scientist Daniel Weitzner, further alleges that the app has limited transparency, a claim also raised by a number of security researchers. “Our findings serve as a concrete illustration of…Feb 14, 2020
Brad Stevens egged on the Celtics crowd before inserting Tacko Fall.The towering rookie lived up to the hype in his home debut.Long term, he has the chance to be more than a fan favorite, too.Celtics coach Brad Stevens just couldn’t help himself.He heard the crowd’s increasingly loud cries for Tacko Fall, and knew his team had already clinched a blowout victory over the Detroit Pistons. But Stevens asked Boston Celtics fans for more anyway, feeding into the frenzy surrounding basketball’s newest cult favorite.Finally, the T.D. Garden crowd got what they wanted. And Fall did his best to live up to the hype.The 7-foot-6 rookie scored five points, grabbed two rebounds, and blocked one shot in his home debut on Friday night. It was an encouraging performance, but not one that dominated the ensuing narrative nearly as much as his abject popularity.In time, though, Fall has the goods to prove he’s more than just a basketball novelty.Tacko Fall Is a Tough Fit, But Has Clear TalentBoston signed Fall after he went undrafted last June. His fame reached a new zenith at…Dec 23, 2019
A report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans. According to research from trust-gauging organization published on March 2nd, scams averaged about $3,000 in losses for businesses and charities within Canada and the United States.The usual tactic, the study claims, is that of false promises of a “significant” return on investment in cryptocurrencies. With such figures on the table, it represents a notable uptick since their 2018 report’s numbers, which put average losses at $900.Trading in crypto exchanges with security breaches listed in the studyFollowing the same line, the BBB also lists as crypto scams losses from trading on exchanges vulnerable to hacker attacks. The organization considers cryptocurrencies risky assets due to transactions that cannot be reversed in the event of theft or hacking. The same report cites only one testimony from an Arizona resident about someone allegedly scammed by investing in cryptos. The BBB also specifies that most frauds in the field begin with email contact.According to the BBB, a third of…Mar 11, 2020
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