Diagnosing the Dip: Why Today's Leading Exchanges Are Powerful, but Not Inevitable
The Breakdown21 Feb 2020

Diagnosing the Dip: Why Today's Leading Exchanges Are Powerful, but Not Inevitable

After settling in to the $10,000 price level, BTC suddenly and rapidly dipped more than 5% in an hour on Wednesday. As the market discusses possible explanations, some floated the unexpected simultaneous downtime of Binance and Coinbase as a causal factor. In this episode of The Breakdown, we discuss the power exchanges wield - both in terms of market liquidity as well as the ability to shape news cycles. The good news is that new funding for insurgent exchanges suggest that power today is not inevitable. Lastly, we discuss the latest in central bank digital currencies, with Sweden launching an e-krona pilot; a former head of China’s national bank saying Coronavirus could accelerate efforts; and a new member of the Libra Association.

Episoder(2058)

Crypto Daily 3@3 - 7.22 | The "Libra Goes To Washington" Recap [LRS56 Top 5]

Crypto Daily 3@3 - 7.22 | The "Libra Goes To Washington" Recap [LRS56 Top 5]

From 5 to 1, counting down the most important threads, essays and content from last week. Featuring the key setup questions for the Libra hearings; a case study of Cuba on whether a project like Libra...

23 Jul 201928min

Crypto Daily 3@3 - 7.19 | BitMEX vs. CFTC / Bitcoin legal in China? / Ycash and Friendly Forks

Crypto Daily 3@3 - 7.19 | BitMEX vs. CFTC / Bitcoin legal in China? / Ycash and Friendly Forks

The CFTC's investigation of BitMEX is the latest in string of screws tightening on global exchanges touching US customers. In an interesting twist, a lawsuit leads to a Chinese court determining that ...

19 Jul 201912min

Crypto Daily 3@3 - 7.18 | Libra Aftermath - G7, China, and Dalio's dystopia

Crypto Daily 3@3 - 7.18 | Libra Aftermath - G7, China, and Dalio's dystopia

Libra was a hotbutton issue at the G7 meetings - maybe the one thing they agreed on. Meanwhile, the project made news in China as Facebook's David Marcus revealed explicitly that it saw Alipay and Wec...

18 Jul 201912min

Crypto Daily 3@3 - 7.17 | Libra Hearings Day 2 Recap - House Financial Services Committee

Crypto Daily 3@3 - 7.17 | Libra Hearings Day 2 Recap - House Financial Services Committee

On Day 2 of Libra hearings, Facebook's David Marcus testified in front of the House Financial Services Committee. And boy oh boy, it could not have been more different than yesterday. Today was massiv...

18 Jul 201921min

Crypto Daily 3@3 - 7.16 | Libra Hearing Day 1 Recap - Senate Banking Committee

Crypto Daily 3@3 - 7.16 | Libra Hearing Day 1 Recap - Senate Banking Committee

Libra's David Marcus testified before a relatively hostile Senate Banking Committee today. In today's 3@3, we go over: 1) Facebook's trust problem; 2) the most important topics and themes of the quest...

16 Jul 201917min

Crypto Daily 3@3 - 7.15 | Long Reads Sunday #55 Top 5

Crypto Daily 3@3 - 7.15 | Long Reads Sunday #55 Top 5

Every Sunday, I put together a list of the top tweets, threads and essays shaping the crypto conversation. On Monday, I countdown my five favorites with BlockTV. Monday's Crypto Daily 3@3 is the audio...

15 Jul 201921min

Crypto Daily 3@3 - 7.12 | Special Edition: Trump Gives Bitcoin A Mainstream Moment

Crypto Daily 3@3 - 7.12 | Special Edition: Trump Gives Bitcoin A Mainstream Moment

A very Trump-y special edition! On this episode, we look at 1) what happened with Trump’s Bitcoin/Libra tweet; 2) the crypto community’s response; 3) the surprisingly with it mainstream media response...

12 Jul 201925min

Crypto Daily 3@3 - 7.11 | Comply or Die Token Sales | Turkey and CBDCs | Crypto Startup Studio

Crypto Daily 3@3 - 7.11 | Comply or Die Token Sales | Turkey and CBDCs | Crypto Startup Studio

On this episode, we discuss: 1) Reg A+ compliant token sales from Blockstack and YouNow and why it's becoming comply or die; 2) Turkey planning a central bank digital currency and how the crypto marke...

11 Jul 201913min

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