How Are Bankruptcy Courts Shaping Crypto Law?

Given how the crypto industry feels about fast cars and men with big personalities, it’s perhaps no surprise that crypto is emerging as one of the biggest sponsors of Formula 1. Formula One racing is marketed as being all about competition that rewards instinct, speed, engineering innovation, and sheer adrenaline. Companies ranging from FTX to Crypto.com have spent millions of dollars on flashy deals.  Around 80% of F1 teams have at least one crypto partner. Crypto.com even has a $100 million deal with the Formula One Group itself.  But in this current market environment, how long can crypto firms keep splashing the cash? In this episode, Bloomberg senior editor Anna Irrera and Bloomberg crypto blogger Emily Nicolle discuss the future of crypto’s fast car sponsorships.See omnystudio.com/listener for privacy information.

7 Marras 202218min

Listen to the second audio excerpt from this week's special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voice by Bloomberg Businessweek editor Mark Leydorf. See https://omnystudio.com/policies/listener for privacy information.See omnystudio.com/listener for privacy information.

6 Marras 202233min

Our colleagues on QuickTake, Tim Stenovec and Katie Greifeld, host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode.  Enjoy! Find the full video experience of the shows here.See omnystudio.com/listener for privacy information.

5 Marras 202225min

It’s been another pretty unpredictable week in crypto. Now that Elon Musk is at the helm of Twitter, what do his plans for the social media company have in store for digital assets? Why is Dogecoin rallying? And what’s the outlook for crypto earnings this quarter? Bloomberg crypto senior editor Dave Liedtka and deputy editor Beth Williams join this episode for a look at the top stories of the week in the cryptoverse. See omnystudio.com/listener for privacy information.

4 Marras 202217min

As our colleague David Pan has been reporting, Bitcoin miners have been having a very rough time of it. To paraphrase one of his recent stories, falling Bitcoin prices and rising energy costs “led to combined second-quarter losses of more than $1 billion for the top three US publicly traded players — Core Scientific, Marathon Digital and Riot Blockchain.” Yikes.This crunch has led to miners trying to raise cash by selling off their emergency stockpiles of Bitcoin - into the teeth of a down market. At the same time, miners continue to flock to places like Texas - and not everyone is a fan of these relatively recent arrivals. Texas isn’t known for having the world’s most stable power grid, so miners and state officials have sought to pilot ways to address concerns about energy consumption.  Bloomberg reporters David Pan and Michael Smith join this episode for more on how the miners are holding up.See omnystudio.com/listener for privacy information.

3 Marras 202216min

Crypto is notorious for its volatility. All its wild swings in prices have become a trademark of the market. And it’s also something that has for years now shaped the trading behaviors of investors looking to make a quick profit. But what happens when the market’s largest digital asset, Bitcoin, starts losing its volatility? For the last four months, the coin has traded in a tight range around $20,000, unable to break out in any real way. How have crypto investors– who are used to trading on the ups and downs of the coin– responded? How have their investing strategies shifted? For more on how traders are dealing with Bitcoin’s stasis, guest host and Bloomberg reporter Vildana Hajric is joined by Bloomberg reporter Katie Greifeld.See omnystudio.com/listener for privacy information.

2 Marras 202218min

About a year ago, Nigeria introduced a digital version of its official currency, the naira. The introduction of the so-called e-naira was partly a response to concerns that the rising popularity of crypto in the country was threatening the banking system. There are a few countries experimenting with their own versions of digital money, including the Central African Republic, China, Jamaica, The Bahamas, and various islands in the Eastern Caribbean. Other countries, including the United States, are in the “studying” and “thinking deep thoughts about feasibility” phase of things. So how’s it going for Nigeria and the e-naira? Bloomberg reporter Ruth Olurounbi and Bloomberg Nigeria Bureau Chief Anthony Osae-Brown weigh in.See omnystudio.com/listener for privacy information.

1 Marras 202216min

You’ve likely heard of Bitcoin and Ether as digital tokens, but there’s actually tens of thousands of cryptocurrencies you probably haven’t heard of. In fact over 12,000 of those coins are virtually defunct. Not that they’re ‘dead’ per say-  but they’re also not considered ‘alive’ or active. They’re called ‘zombie’ coins: tokens that have stopped trading activity as of late and are simply dormant.  These zombified coins are not a new phenomenon, but the substantial increase in their volume (from the hundreds in 2019 to 12,100 at recent count) has been eye-opening as another symptom of chilly market conditions. Bloomberg reporter Olga Kharif joins Bloomberg senior markets editor Mike Regan to wade through what happens when a market has so many inactive currencies, and what it says about the crypto industry's overall health.See omnystudio.com/listener for privacy information.

31 Loka 202218min