Bloomberg Crypto

There is a real drive on Capitol Hill to figure out how to define and regulate cryptocurrency and protect consumers. One such effort comes from Democratic Senator Kirsten Gillibrand (NY) and Republican Senator Cynthia Lummis (WY). They are proposing legislation to clarify the roles of how two different government agencies would divvy up the crypto landscape. Their bill also contains a proposal for regulating crypto mining. But can it pass? And how would it work? Bloomberg reporter Allyson Versprille joins to talk it through.See omnystudio.com/listener for privacy information.

It’s been a wild week for crypto markets. Bloomberg reporters Muyao Shen and Matt Turner join the podcast to discuss what’s happening in the world of digital tokens and crypto-related stocks - and why sentiment is so negative.See omnystudio.com/listener for privacy information.

What happens to your crypto after you die? Beyond the existential question of the permanence of the blockchain, the answers here aren’t straightforward. For estate planners, what to do with digital assets like Bitcoin and NFTs present a new challenge to inheritance law.  There’s more and more money pouring into these assets, and people are starting to think about their digital legacies. But how do you pass on something that’s built on principles of anonymity and individuality, and that requires both passwords and tech savvy to access? In this episode, Bloomberg reporter Jill Shah explores these questions.See omnystudio.com/listener for privacy information.

Have you ever heard the saying, “Everything’s Bigger in Texas”? That same ethos applies to mining Bitcoin in the Lonestar state. The state of Texas is flush with bitcoin prospectors. The City of Fort Worth even started a small mining operation out of City Hall. In this episode, Bloomberg reporter Mike Smith shares his reporting about what makes this state so attractive to crypto enthusiasts. And Lee Bratcher, head of the Texas Blockchain Council explains why he sees Texas as the perfect environment for Bitcoin believers.See omnystudio.com/listener for privacy information.

Have you heard the one about the crypto investor who got hacked and lost all their Bitcoin? It’s true - cryptocurrency spam, hacks, and fraud are all on the rise. That means there’s an urgent need to think about the security risks to often-valuable digital investments. Bloomberg reporter Hannah Miller talks about the nature and scope of these hacks, and Ronghui Gu, chief executive officer of the blockchain security firm CertiK shares how to avoid them.See omnystudio.com/listener for privacy information.

In January 2020, the United Kingdom officially withdrew from the European Union. The fallout from Brexit, as we all came to know it, is still being measured across all industries. Some analysts predict it will take years to understand it’s full impact on the UK economy.  Brexit even affected the crypto market, especially as far as regulations are concerned. Bloomberg reporter Emily Nicolle sees cautious optimism among investors about the UK’s approach to crypto regulation, and Blair Halliday, the UK head of cryptocurrency exchange Gemini agrees.See omnystudio.com/listener for privacy information.

In March of 2022, hackers stole about $600 million from a crypto network. It was one of the biggest exploits of this asset class to date, and left many investors shaken. Can a decentralized financial system work if investors get spooked when significant assets are lost? In this episode: a roundtable discussion with Bloomberg reporter Olga Kharif and Bloomberg Opinion columnist Parmy Olson about the scope and the effect these attacks are having on the decentralized financial marketplace.See omnystudio.com/listener for privacy information.

Did you know that both Madonna and Justin Bieber own expensive digital images of apes? It’s true: Bored Apes and other nonfungible tokens are a must-have celebrity accessory these days. But should you put your trust in movie stars, pop singers and athletes when it comes to crypto? What are some of the legal questions at play with these celebrity endorsements? Bloomberg reporter Misy Egkolfopoulou stops in for a look at what's behind the buzz with celebrities’ interest in crypto investments.See omnystudio.com/listener for privacy information.

Fidelity, one of the largest investment managers in the world, made headlines when it announced its intention to offer clients the ability to invest in crypto through their 401(k) retirement accounts. In such a volatile environment, is it a risky bet to add digital assets to a retirement plan? Bloomberg reporter Suzanne Woolley joins this episode to talk about the recent history of 401(k) investments in crypto, and why the US Labor Department is less than enthusiastic about the move.  See omnystudio.com/listener for privacy information.

You might already consider crypto to be synonymous with the word volatility. But what about all the other words that get thrown around by enthusiasts? What’s staking all about? How are bridges created and used? And why are so many folks on Twitter sending messages that just say, “GM”? Never fear: Bloomberg reporters Hannah Miller and Vildana Hajric are here to help with a crypto glossary.  Because it’s good to define our terms.See omnystudio.com/listener for privacy information.