Bloomberg Crypto

The latest alleged hacks by some North Koreans entail plagiarized resumes placed on job sites and theft of proprietary intelligence. How did North Korea get so good at tricking crypto employers? And what does all of this mean for the security of crypto companies? Bloomberg reporter Jeff Stone joins this episode to explain. See omnystudio.com/listener for privacy information.

In late spring of 2021, China banned all bitcoin mining as part of an ongoing crackdown on crypto in the country.  In response, many Chinese miners packed their bags, and headed to the Lone Star state of Texas. Texas offered a relaxed approach to regulation, a unique power grid, and attractive energy prices - all things that seemed ideal for miners looking for a new home. Until 2022.  The situation in Texas is complicated, to say the least. That unique energy grid is prone to power outages. Extreme temperatures mean keeping expensive mining equipment cool is a challenge. And crypto miners are facing financial difficulties brought on by declining Bitcoin prices.  Bloomberg reporter David Pan and Ethan Vera, COO & Co-Founder of Luxor Technology, both attended a recent Bitcoin mining conference in Miami. They join this episode to share some takeaways from the conference and how miners hope to survive this complicated crypto winter.See omnystudio.com/listener for privacy information.

The crypto universe can be complex, and it can be unpredictable. But the job of crypto editors and reporters is to track every development, and translate the most interesting and important of them into stories. Bloomberg Crypto Senior editors Dave Liedtka and Anna Irrera join for another edition of “Friday in the Editor’s Room”. They look at the highs and lows of this week in crypto, discuss the biggest stories they’re covering and what’s driving markets right now. See omnystudio.com/listener for privacy information.

Nonfungible tokens, or NFTs, leapt into pop culture prominence in 2021, but they’ve been around since at least 2014. Despite current market conditions, new tokens and collections are still being launched daily, including by luxury brands like Gucci and Prada. Tiffany’s, the iconic retailer, even announced a jewelry partnership with CryptoPunks, selling pendants based on those NFTs for around $50,000 each. During July’s Bloomberg Live Crypto Summit in New York, Stacy-Marie spoke with industry leaders about why they’re confident that NFTs will continue to be perceived as valuable and useful.  In this episode, her conversation with Avery Akkineni, President of Vayner3, Helen Hai, Executive VP & Head of Charity at Binance and digital artist pplpleasr, aka Emily Yang.See omnystudio.com/listener for privacy information.

At the height of NFT mania, everyone from athletes like Tom Brady to celebrities like Justin Beiber seemed to be buying (or talking about) collections like Bored Ape Yacht Club. Non-fungible tokens aren’t just pictures of monkeys though - they exist on the blockchain, and buying or selling them typically requires paying in some kind of cryptocurrency, often Ether. While the link between NFT prices and the prices of tokens like Ether or Solana is not always straightforward, it’s true that nonfungible tokens haven’t been entirely spared from the chill of the crypto winter. For more on NFTs, and how and whether they’re holding up these days, Bloomberg reporter Prarthana Prakash joins this episode.See omnystudio.com/listener for privacy information.

Venture capitalists and certain people in the music industry are enthusiastic about the potential for artists to benefit from technology like the blockchain and NFTs. But there isn’t universal agreement, especially among musicians themselves, that any of this is necessarily a good idea. What are the big trends, and the big areas of disagreement? Bloomberg reporter Lucas Shaw joins this episode from Los Angeles to continue our coverage of crypto and the music industry. See omnystudio.com/listener for privacy information.

The gaming industry is bigger in revenue terms worldwide than the film and television industries combined. But it also continues to deal with hard and necessary conversations over who benefits from those profits, over work and labor conditions, and (as always) about intellectual property. Adding blockchain and NFT's might just complicate things a bit more. Bloomberg reporter Cecilia D'Anastasio joins this episode to discuss why and how crypto is showing up in video games. See omnystudio.com/listener for privacy information.

With every additional bankruptcy filing or accusation of insider trading in crypto, regulators seem to turn up the heat ever so slightly when it comes to their focus on the digital asset industry. But who is planning on doing the regulating? What would that even look like? And what does it mean that regulators themselves don’t seem to entirely agree? Joining this episode to bring us up to speed on what’s happening with US crypto regulation are Bloomberg reporters Allyson Versprille  and Alex Nguyễn. See omnystudio.com/listener for privacy information.

If you’re an avid online shopper, you’ve probably realized that digital "buy now, pay later" options from companies like Klarna and Afterpay have skyrocketed over the last several years. Now, BNPL has come for crypto through a decentralized finance lender called Teller. Is this even…a good idea? Bloomberg reporter Misyrlena Egkolfopoulou joins this episode on how “buy now, pay later” fits into the crypto economy.See omnystudio.com/listener for privacy information.

It’s safe to say that Coinbase has had a rough couple of months. The threat of federal regulation of some of its tokens has been looming for more than a year, but really started heating up over the last few months. And in late July things got even worse. A former Coinbase product manager, his brother, and a friend were arrested by federal prosecutors on an insider trading allegation, and the Securities and Exchange Commission alleged Coinbase has been running an illegal securities exchange. To help us understand what’s at stake for Coinbase, and for all digital currency users, Bloomberg Businessweek Columnist & tech reporter Max Chafkin joins this episode.See omnystudio.com/listener for privacy information.