Crypto Update 9/8/21 | Why Bitcoin Won’t Save the Afghan People

With crypto traders reeling after yesterday's tumultuous drop and a look at the role of crypto in the collapsing country of Afghanistan, CoinDesk’s Markets Daily is back with the latest news roundup. This episode is sponsored by Kava, Nexo.io and Bitstamp. Today's Stories: Bitcoin Trades Weak After Tuesday’s Leverage Washout, Analysts See More Price Volatility Ahead Market Wrap: Bitcoin Plummets as El Salvador Buys the Dip Stock Futures Tick Down, Pointing to S&P 500 Extending Slide Stocks, Futures Fall Amid Growth, Valuation Risks: Markets Wrap White House More Than Doubles Its Inflation Forecast in New Update U.S. Ports See Shipping Logjams Likely Extending Far Into 2022 The Chip Shortage Has Made a Star of This Little-Known Component Applied Materials aims to improve chip production for electric vehicles Money, mimicry and mind control: Big Tech slams ethics brakes on AI As El Salvador Enacts Bitcoin Law, Locals Remain Confused About Implementation SEC Threatened to Sue Coinbase Over Lending Product, CEO Says Brian Armstrong on Twitter Bitcoin Miner Profits Remain High Despite Surges in Mining Difficulty Doja Cat Releases NFT Collection With OneOf Marketplace Featured Story: Bitcoin Won’t Save the Afghan People This episode was edited & produced by Adrian Blust. - Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io. - Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io. - Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net.