BREAKDOWN: Why Crypto's 'Rogue State' Narrative is a Risk to the Industry

BREAKDOWN: Why Crypto's 'Rogue State' Narrative is a Risk to the Industry

Crypto tokens weren’t the only thing that saw a major pump yesterday. The total value locked in DeFi ascended to new heights. While part of this can be explained simply by the rise in ETH price, it also reflected traders turning to DeFi platforms as a way to get more exposure to the market action without selling their core assets. For all the exciting price action, not everything is pointing in a positive direction. These market moves don’t seem to reflect new market participants, for example, and anecdotally, times remain tough for projects trying to fundraise. In our final segment, we look at a blockchain conference in North Korea that the UN suggests simply attending may violate international sanctions, an Iran-focused hedge fund that uses cryptocurrency to work around international restrictions, and ask whether this sort of activity presents a narrative risk to the industry as a whole? 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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Changin’ On The Telephone

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The Securities and Exchange Commission has issued rejections to nine bitcoin exchange-traded fund (ETFs) proposals. -AND- Crypto startups are destroying millions of their own token supply to generate ...

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Crypto Black Lotus

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The central bank in Thailand said it will launch its own digital currency by next year. -AND- New rules imposed by the Chinese government have led to a crackdown on blockchain and cryptocurrency media...

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Two investing giants say they’re not involved in pre-IPO funding for Bitmain, despite reports to the contrary. -AND- Proposed changes to the $200 million Siacoin blockchain would ice out Bitmain’s mi...

21 Aug 20189min

CryptoTitties

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A U.S. bitcoin trader has been indicted for alleged money laundering -AND- The SEC is going to decide the fate of yet another bitcoin ETF this week. -ALSO- Lightning Network is getting its own hacker...

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Is Overstock a Bitcoin Price Index?

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Accusations of a cloned app mean that Ethereum’s gambling problem is only getting worse. -AND- Coinbase wins a patent for a secure bitcoin payments system. -ALSO- Chinese e-commerce giant JD.com rolls...

17 Aug 201810min

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