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    CoinDesk Podcast Network

    The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.

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    Copyright: © CoinDesk

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    Latest Episodes:
    BREAKDOWN: Is Crypto Converging With Public Markets? Oct 15, 2020
    Show notes

    Between bitcoin treasury holdings growing and crypto-focused SPACs, private crypto markets and public equities markets are closer than ever.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    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

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


    BREAKDOWN: A $10B Firm Makes Bitcoin Its Primary Treasury Asset Oct 14, 2020
    Show notes

    Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    Today on the Brief:

    • Bitcoin hashrate at all-time highs
    • Record number of large companies lose money during the pandemic
    • JPMorgan releases research note on bitcoin


    Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin treasury assets.

    NLW digs into what Stone Ridge is, why it spun off New York Digital Investments Group (NYDIG) and how the company has quietly built itself into a serious player in the institutional crypto asset space.

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


    BREAKDOWN: The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era Oct 13, 2020
    Show notes

    New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    Today on the Brief:

    • Is the “blue wave” Democrat victory narrative in the presidential election starting to shake up Wall Street?
    • Johnson & Johnson pause COVID-19 vaccine trial
    • 1000 Satoshi-era bitcoins are on the move


    Our main discussion: The world’s central banks are moving quickly on digital currencies. NLW looks at a slew of recent news showing how much of a priority CBDCs are becoming:

    • A report from the Bank for International Settlements and seven other central banks setting design principles for CBDCs
    • A G20 regulatory standards framework
    • A forthcoming OECD tax reporting framework


    One need only look at the increasingly speedy rollout of China’s DCEP to understand why this has become a major priority for central banks everywhere.



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


    BREAKDOWN: How Investors Are Trading the Election Oct 12, 2020
    Show notes

    As the U.S. presidential election gets closer, market “predictions” are showing up in stocks from energy to private prisons.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    Today on the Brief:

    • Market rally to highest point in six weeks
    • BTC and ETH up in part on Grayscale ETH trust becoming an SEC reporting company (Grayscale, like CoinDesk, is a unit of DCG.)
    • CBDCs (and CBDC skepticism) on the rise


    Our main discussion: How markets are trading the U.S. presidential election in November.

    A look at what different stock and other market preferences suggests about who Wall Street expects to win, including:

    • Energy
    • Private prisons
    • Student loans
    • Health care
    • Infrastructure
    • Dollar
    • Bitcoin

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


    SOB: Signal, Noise and the Coming Era of AI Curation Oct 11, 2020
    Show notes

    On this “Speaking of Bitcoin” episode, join hosts Adam B. Levine, Stephanie Murphy, Jonathan Mohan and special guest Martin Rerak, creator of AllYourFeeds.com, for a look at how “AI curation” is being used to figure out what’s useful information and what’s just fluff.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic

    Hundreds of tabs

    In the early days of Bitcoin, there were just a few places you might go to read news and stay informed, but over the years things have changed dramatically. Today there are thousands of projects and hundreds of articles written each day. And that’s assuming you ignore the wilds of YouTube or the depths of crypto Twitter.

    There were days I was waking up to a hundred tabs that I was basically just reloading from the prior day... You know, looking at Slack, Telegram, Twitter accounts, Discord, Reddit and dozens of publications online [...] It was very easy to point somebody in the [right] direction if they're saying, "Where can I buy cryptocurrency?" But if they were saying, "Is there a use case here for traceability?" or "What do you think I should invest in?" or "How is this project developing?" that becomes a lot more loaded and challenging... - Martin Rerak

    See also: What Is GPT-3 and Should We Be Terrified?

    In this episode, we discuss the crypto-media landscape, AI training, the challenges around bias and un-biasing practices, potential impacts of the natural-language-generating algorithm known as GPT-3 and more.

    Biased AI

    While unsettling on the surface, the idea of bias within an AI is not as controversial as you might imagine – it’s almost required. As humans, we each have our own experiences and preferences which shape our viewpoint and our biases. Modern artificial intelligence consumes “training material” curated by humans to learn what’s right or wrong for its particular task. Once trained, AI can help us with those tasks and is at its most useful when it’s “instincts” match whomever it is working on behalf of.

    Of course whether bias is good or bad depends a lot of your priorities. When Google trained an AI to help with hiring, the data around past and current employees led it to believe that an ideal “Google engineer” wouldn’t have a woman’s college on their academic transcript. For Google, their past records did not match their future ambitions and so bias was a problem.

    But personally, I’ve developed patent-pending AI technology that assists with audio editing, and here the idea of bias is critical. There is no objective standard of what sounds best, only personal preferences. For an AI to assist an audio editor, it must be in tune with those preferences and be able to make decisions that are objectively correct for the person it is assisting.

    This is much the same with AI assisted news curation. We all have our own preferences, interests and biases which help us decide what we do or don’t care about. On today’s show we dig into this fascinating topic where one size rarely fits all and the future is wide open.

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


    BREAKDOWN: Is Bitcoin More Correlated to Stocks or Gold? Oct 11, 2020
    Show notes

    According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    Today on Long Reads Sunday, a reading of Lyn Alden’s piece for CoinDesk: “Bitcoin Correlations Depend on What Phase It Is In”

    In it, Lyn argues that bitcoin’s correlation patterns are, in part, reliant on where bitcoin finds itself in its own cycles of expansion or consolidation.

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


    RESEARCH: The Potential Ripple Effects of Ethereum 2.0, Explained Oct 10, 2020
    Show notes

    The virtual event invest: ethereum economy takes place on Wednesday, Oct. 14. CoinDesk’s Christine Kim spoke to colleagues Michael J. Casey and Aaron Stanley about the most compelling and under-discussed topics about Ethereum 2.0 headlining next week’s conference.

    From the dynamics of staking to the architecture of sharding, there haven’t been many topics Ethereum 2.0 core developers have shied away from discussing over the past five weeks on “Developer Perspectives: Ethereum 2.0.”

    See also: 3 Things You Should Know Before Staking on Ethereum 2.0

    Each discussion, however, has sparked new questions about the ramifications of Ethereum’s transition to proof-of-stake on the crypto markets and the broader blockchain industry.

    “There’s a lot of unanswered questions about how the markets are going to behave,” said Casey, CoinDesk’s chief content officer. “Do we end up with a split, [with] two versions of ethereum or at least two tokens that trade differently in the marketplace?”

    Casey added that financial engineers in the decentralized finance (DeFi) space will likely seek to unlock the liquidity of staked ETH on Ethereum 2.0 before token transfers are officially enabled on the network. What new DeFi products are created, their attributes and, most important, their impact on the value of ETH remain to be determined.

    Along with lingering questions over how the markets will react to the launch of Ethereum 2.0, there’s also uncertainty over how the launch will affect the competitive landscape for dapp users and dapp developers in the crypto industry.

    “What does the multi-chain future look like?” asked Stanley, CoinDesk’s managing director of events content. “If Eth 2.0 succeeds, … what does that mean for all these other [smart contract] chains out there? Are they going to go away or just cease to exist? I don’t think that’s the case.”

    With the recent popularity around yield farming and liquidity mining on Ethereum, Stanley also questioned what the real incentives are for users holding large amounts of ETH, upwards of $11,000 worth, to stake on Ethereum 2.0 when they could earn “100x returns farming ‘hotdog coin’ or whatever the meme coin of the day is.”

    See also: Yearn, YAM and the Rise of Crypto’s ‘Weird DeFi’ Moment

    These questions are pertinent to the discussions happening next Wednesday at invest: ethereum economy. Keynote speakers headlining the virtual conference are founder of Ethereum Vitalik Buterin and U.S. Commodity Futures Trading Commission Chairman Heath P. Tarbert. To register for the event, click here.

    CoinDesk Research has recently published an updated report about the launch of Ethereum 2.0, as well as recent developments on the existing Ethereum blockchain. Download it for free on the CoinDesk Research Hub.

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


    BREAKDOWN: A Regulatory Reckoning for the Crypto Industry? Oct 10, 2020
    Show notes

    Between BitMEX action, the U.K.’s derivative ban and the new U.S. Department of Justice enforcement framework, regulations are coming for crypto.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    On this week’s Breakdown weekly recap, NLW looks at a cross-section of regulatory news, including:

    • CFTC and DOJ action against BitMEX and its leadership
    • The U.K. Financial Conduct Authority’s ban of crypto derivative products for retail investors
    • The DOJ’s new cryptocurrency enforcement framework


    NLW discusses why these might reflect a new moment in crypto history, what it means for current builders in bitcoin and DeFi, and why recruiting corporate allies like Square will become more important than ever.


    This week on The Breakdown:

    Monday | Are Central Bank Coins the End of Financial Privacy?

    Tuesday |The UK Bans Crypto Derivatives

    Wednesday | How Bitcoin Could Become the Reserve Asset for DeFi, Feat. Qiao Wang

    Thursday | The Market Reacts to Square’s $50M Bitcoin Buy

    Friday | Cathie Wood: Secrets of the World’s Best Innovation Investor

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


    BREAKDOWN: Cathie Wood – Secrets of the World’s Best Innovation Investor Oct 09, 2020
    Show notes

    Cathie Wood bet early on Bitcoin and Tesla, and her ARK Innovation Fund is up 75% in 2020.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    Forbes called her “the newest superstar investor,” and it’s not hard to see why.

    Cathie Wood is radically disrupting the way money is allocated. Fighting the rise of passive – what she calls the “greatest misallocation of resources in history” – Wood’s funds are actively managed exchange-traded funds that give investors exposure to public companies in key areas of innovation.

    In this conversation, NLW and Wood discuss:

    • Why she had conviction in Tesla before the market caught up
    • Why her fund offered the first bitcoin investment opportunities to Wall Street
    • Why it doesn’t hire traditional Wall Street analysts
    • Why it gives away all research for free
    • Why it shares the trades made in a completely open-source way
    • ARK’s recent Bitcoin Investment Thesis white paper
    • What the prospects are for innovation in 2021


    Find our guest online:

    Twitter: @CathieDWood

    Web: ark-invest.com

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


    BREAKDOWN: The Market Reacts to Square’s $50M Bitcoin Buy Oct 08, 2020
    Show notes

    Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin.

    This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    A special breaking edition of The Breakdown follows the market’s reaction to Square’s surprise $50 million bitcoin investment.

    NLW breaks down the foundations for the investment, including:

    • 2020’s alignment between the bitcoin narrative and structural economic realities
    • An increase in bitcoin’s perceived resilience
    • The precedent set by MicroStrategy


    He also discusses the market’s reaction, from the (potential) connection to Coinbase’s “apolitical” stance from last week to the notion of Square intentionally setting a framework others can follow.



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


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