Celsius says that they have these profitable ways of using the crypto. The main one being that they can take the coins that you sent to celsius and lend them to big traders like hedge funds, who will use them to make really profitable bets. These trader, they have trouble borrowing money elsewhere, so they're willing to pay a lot eselsia encelsius can keep like, a little sliver for itself and pay out the rest to the depositors. So it sounds, so, it sounds like a wind wind or whet de. We miss vey much.
Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, discusses the omicron variant mutation BA.2. Bloomberg News Finance Reporter Hannah Levitt reports on Wall Street being briefed by the White House on possible Russia sanctions. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Financial Investigations Reporter Zeke Faux talk about Zeke's Businessweek Magazine story Celsius’s 18% Yields on Crypto Are Tempting and Drawing Scrutiny. Dorothy Giobbe, Of Counsel at Jones Day, shares her insight on the Fed considering a possible central bank digital currency. And we Drive to the Close with Dave Donabedian, CIO of CIBC Private Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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