The Bitcoin Banking Battle Heats Up

FromThe Breakdown

Start listening View podcast show

The Bitcoin Banking Battle Heats Up

FromThe Breakdown

ratings:

Length:

11 minutes

Released:

Dec 12, 2020

Format:

Podcast episode

Description

On this edition of the weekly recap, NLW looks at the brewing battle to be the bitcoin and crypto bank of the future. He looks at three stories reporting banks getting into crypto (BBVA, Standard Chartered and DBS) as well as crypto companies applying to become banks. Finally, he examines why this is happening right now, and what are the true stakes of the game.

Released:

Dec 12, 2020

Format:

Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.

Skip carousel

Crypto Daily 3@3 - 7.17 | Libra Hearings Day 2 Recap - House Financial Services Committee by The Breakdown
21 min listen
Crypto Daily 3@3 - 7.12 | Special Edition: Trump Gives Bitcoin A Mainstream Moment: A very Trump-y special edition! On this episode, we look at 1) what happened with Trump’s Bitcoin/Libra tweet; 2) the crypto community’s response; 3) the surprisingly with it mainstream media response; and 4) what it means going forward and why we... by The Breakdown
25 min listen
Stablecoin battles / Trade Wars & Safe Havens / Berlin Blockchain Recap: Libra Association on the verge of losing members? That's the report from FT as members get spooked by EU antitrust proceedings. Over in the trade war, Trump ratchets up the rhetoric against China, and we explore both how it might drive Chinese... by The Breakdown
18 min listen
Crypto Daily 3@3 - 7.16 | Libra Hearing Day 1 Recap - Senate Banking Committee: Libra's David Marcus testified before a relatively hostile Senate Banking Committee today. In today's we go over: 1) Facebook's trust problem; 2) the most important topics and themes of the questioning; 3) what it all means for Bitcoin. ... by The Breakdown
18 min listen
Crypto Daily 3@3 - 7.15 | Long Reads Sunday #55 Top 5: Every Sunday, I put together a list of the top tweets, threads and essays shaping the crypto conversation. On Monday, I countdown my five favorites with BlockTV. Monday's Crypto Daily is the audio recording version. For those who want to... by The Breakdown
21 min listen
Crypto Daily 3@3 - 7.10 | Alt Season Dreams & Nightmares | New Crypto Funding | Mr. Libra Goes To Washington: We discuss: 1) the chatter around a potential alt season and what makes things different this time around; 2) new financing that shows where crypto investors heads are at (hint: infrastructure not apps); 3) the latest salvos between Libra and... by The Breakdown
13 min listen
Crypto Daily 3@3 - 8.6 | China, Stonks and Safe Havens: First Trump threatened tariffs. Then China devalued the Yuan. Then Trump declared China to be currency manipulators. Then stonks went down while orange coin went up. Then everyone asked: "is Bitcoin the new safe haven asset?" For the last two days,... by The Breakdown
12 min listen
What's behind the BTC price crash? / Does WeWork matter for crypto? / Incognito mode for payments: Bitcoin (and the rest of the markets) absolutely cratered yesterday, with BTC dropping from nearly $10k to under $8k before resetting a bit. Is it Bakkt backlash? Bitmex margin calls? Or a fat load of who the hell knows? Speaking of crashes, Adam... by The Breakdown
21 min listen
Crypto Daily 3@3 - 8.12 | Impending currency crisis? Plus, Binance US listing criteria and prospects [LRS Top 5]: Bonds. Dollars. Bitcoin. Gold. That's what some are saying pay attention to at the beginning of a global currency crisis? On this week's LRS Top 5, we also look at: news from Binance US about its listing criteria and prospective token listings; KIK's... by The Breakdown
20 min listen
Crypto Daily 3@3 - 7.18 | Libra Aftermath - G7, China, and Dalio's dystopia: Libra was a hotbutton issue at the G7 meetings - maybe the one thing they agreed on. Meanwhile, the project made news in China as Facebook's David Marcus revealed explicitly that it saw Alipay and Wechat as competitors. Meanwhile, the crypto community... by The Breakdown
12 min listen
Ponzi scam selling, Hong Kong protest bank runs & buying creators with internet money: Why number go down? That's all anyone was asking as BTC plunged below $10k, a line that, according to Hodlonaut, we'd never cross again. Was it Ponzi scam selling in China or something less sinister? Either way, there was a bit of snark about a safe... by The Breakdown
17 min listen
Crypto Daily 3@3 - 7.11 | Comply or Die Token Sales | Turkey and CBDCs | Crypto Startup Studio: On this episode, we discuss: 1) Reg A+ compliant token sales from Blockstack and YouNow and why it's becoming comply or die; 2) Turkey planning a central bank digital currency and how the crypto market is trifurcating; 3) IDEO's new crypto startup... by The Breakdown
13 min listen
Crypto Daily 3@3 - 8.1 | UASF at 2 & power in crypto networks / Zcash dev fund / Crypto in the wild: It was the two year anniversary of UASF (and the BCH chain split from BTC), which marked a significant moment in the history of Bitcoin. In short, the culmination of the block size war demonstrated the relative power of the distributed network of... by The Breakdown
16 min listen
Crypto Daily 3@3 - 7.23 | Trontroversy! // Ethereum dev tax? // #IndiaWantsCrypto: Justin Sun canceled his lunch with Warren Buffett this week, claiming kidney stones. Reports today, however, suggested that he was compelled not to leave China by border authorities due to investigations. But then he showed up in SF? So basically,... by The Breakdown
15 min listen
Crypto Daily 3@3 - 8.9 | Travis Kling on how BTC moves from risk asset to safe haven / Binance US listing framework / Crypto reality TV?: Travis Kling joins for today's 3@3 to explore how bitcoin might move from a risk asset to a safe haven. This isn't just about narrative, it's about how bets from one group trigger another group, which confirms models, and so on, creating a self... by The Breakdown
19 min listen
Crypto Daily 3@3 - 8.2 | Q2 Crypto Data Extravaganza!: The Q2 crypto data reports are in, so on this special edition we’re breaking down the most interesting trends. We cover: asset performance; network activity in Bitcoin and Ethereum; the “non-correlated” narrative in Bitcoin and BTC’s relative... by The Breakdown
20 min listen
CLASH! The State vs. Crypto | BTC futures & DeFi Robo Advisors | Invest:Asia trend recap: The clash of global state power and crypto seems more inevitable than ever. Germany joins France in declaring that they will block Libra (all the while being interested to explore their own digital currency). We look at not only the news, but what... by The Breakdown
17 min listen
Crypto Daily 3@3 - 7.30 | Recap of Senate Banking Committee Hearing On Crypto Regulation: In their second hearing in 2 weeks, the Senate Banking Committee invited 3 panelists to discuss the current state of and recommendations for crypto and digital asset regulation. In this recap, I look at three key points: 1) the shadow of Libra and Big... by The Breakdown
13 min listen
Crypto Daily 3@3 - 7.19 | BitMEX vs. CFTC / Bitcoin legal in China? / Ycash and Friendly Forks: The CFTC's investigation of BitMEX is the latest in string of screws tightening on global exchanges touching US customers. In an interesting twist, a lawsuit leads to a Chinese court determining that Bitcoin is a protected legal property. Ycash has... by The Breakdown
12 min listen
Crypto Daily 3@3 - 7.22 | The "Libra Goes To Washington" Recap [LRS56 Top 5]: From 5 to 1, counting down the most important threads, essays and content from last week. Featuring the key setup questions for the Libra hearings; a case study of Cuba on whether a project like Libra could make a difference to the "unbanked"; the... by The Breakdown
29 min listen
Crypto Daily 3@3 - 7.9.19 | Deutsche Bank layoffs; Does Libra drown the BTC narrative? + more: Deutsche Bank announces 18k layoffs & a photo instafamous memes a tailor with a Bitcoin bag as a fired banker Strong counter argument against the idea that Libra is somehow good for Bitcoin A new platform for fractionalized art and culture... by The Breakdown
11 min listen
$Crypto Daily 3@3 - 7.9.19 | Deutsche Bank layoffs; Does Libra drown the BTC narrative? + more: Deutsche Bank announces 18k layoffs & a photo instafamous memes a tailor with a Bitcoin bag as a fired banker Strong counter argument against the idea that Libra is somehow good for Bitcoin A new platform for fractionalized art and culture...$
Mati Greenspan on the Technical and Macro Roots of Bitcoin’s Price Surge: Bitcoin is up more than 8% in the last 24 hours. BSV, meanwhile, is up nearly a whopping 100%. The question is, of course, why? Is it some larger macro context? A pump-and-dump? Or just the crypto markets being as crazy as they are. The Breakdown... by The Breakdown
18 min listen
Crypto Daily 3@3 - 8.5 | Protests & privacy / Global macro Bitcoin / Crypto's Inevitability: A key theme from last week's Senate Banking Committee hearing was the sense that, like it or not, cryptocurrency was an inevitable force. On this top 5 summary of Long Reads Sunday, we look at that plus how the global macro narrative is converging... by The Breakdown
19 min listen
Terrorism, Sanctions & Global Opioid Rings: The Return of the Crypto Crime FUD Narrative: What do Palestinian bitcoin brokers, bitcoin rewards via hangover deliveries and a Russian spy scandal have to do with one another? It's all on today's 3@3. First, we look at the return of the crypto crime FUD narrative, with the specter of terrorism... by The Breakdown
21 min listen
Crypto Daily 3@3 - 7.29 | Lightning Network vs. surveillance / US Congress response to de-Americanization / Paradigm shifts: Weekly countdown of the 5 most important essays and threads from the week before on Long Reads Sunday. This week featuring Lightning Network vs the encroaching surveillance state; a US Congressman's response to Circle leaving the US; a hot take on the... by The Breakdown
20 min listen
The 11 Archetypes Of People You Need To Follow On Bitcoin/Crypto Twitter: Bitcoin and Crypto Twitter are wild, weird places. On this special "sorry I'm traveling, can't give you the news" edition of 3@3, I provide a guide to 11 key types of people that you should be following for your well-rounded Twitter... by The Breakdown
15 min listen
The SEC's ICO cleanup / China's convenient surveillance money / Recruiting new blood: What is dead may yet still die. At least, that seems to be the case as the SEC goes one by one through its list of unregistered securities offerings and outright scams. This week it was one unregistered SAFT settlement and one emergency lawsuit... by The Breakdown
15 min listen
Crypto Daily 3@3 - 8.8 | Gaming, Mass Adoption and FUD Fighting: You've heard of the PayPal Mafia, but what about the Magic the Gathering Mafia? Both SkyWeaver and Gods Unchained have serious ex-Wizards of the Coast talent in their ranks. Does this mean blockchain gaming can succeed? Also in the realm of mass... by The Breakdown
13 min listen
Crypto Daily 3@3 - 7.31 | What Fed rate cuts mean for BTC / IEO performance / Funding/M&A Roundup: The Fed cut interest rates today for the first time in Bitcoin's life. This move is interesting directly because lower rates lead to more money in the markets. It's interesting symbolically as it represents a major narrative evolution where financial... by The Breakdown
14 min listen
Crypto Daily 3@3 - 8.7 | Katherine Wu on KIK vs. SEC / Binance KYC Hack / Year of the DAO? by The Breakdown
16 min listen

More Episodes from The Breakdown

Skip carousel

Polkadot Courts Controversy with Ad Spend by The Breakdown
14 min listen
Circle Becomes First European Licensed Stablecoin Issuer by The Breakdown
16 min listen
The SEC's Horrible, No Good, Very Bad Week by The Breakdown
15 min listen
Is there Danger in Politicizing Crypto? by The Breakdown
9 min listen
The Five Most Important Stories In Crypto This Week by The Breakdown
36 min listen
The US Gov't Sells Its BTC Stack by The Breakdown
12 min listen
Fairshake Helps Hand Anti-Crypto Army a Loss by The Breakdown
13 min listen
The Saga of Wikileaks' Julian Assange is Finally Coming to an End by The Breakdown
16 min listen
Why So Gloomy? Mt. Gox Unlocks Latest Bummer in Downward Sentiment Spiral by The Breakdown
13 min listen
Does Crypto Need Memecoins? by The Breakdown
9 min listen
The Five Most Important Stories in Crypto This Week by The Breakdown
29 min listen
The Incredibly Weird Certik-Kraken Exploit by The Breakdown
12 min listen
Is the Trump Solana Memecoin Real? by The Breakdown
13 min listen
How Stablecoins Could Extend Dollar Dominance by The Breakdown
16 min listen
The Future of Web3 is Functionality by The Breakdown
10 min listen
The Top 5 Stories in Crypto This Week by The Breakdown
28 min listen
After Inflation Improvement, a Quiet FOMC by The Breakdown
15 min listen
PleaserDAO Sues Martin Shkreli Over Wu-Tang Album by The Breakdown
15 min listen
Massive Expansion of Crypto Sanctions Power Snuck into Senate Budget Proposal by The Breakdown
14 min listen
Questions about Bitcoin and Macro to Start the Week by The Breakdown
14 min listen
Getting Crypto Regulation Right by The Breakdown
11 min listen
The Five Most Important Stories in Crypto This Week by The Breakdown
24 min listen
The Bank of Canada Cuts Rates; Will the Fed Follow? by The Breakdown
13 min listen
The Surprise Second Biggest Bitcoin ETF Inflow Day Ever by The Breakdown
10 min listen
The Modular Integration Spectrum | Keone & Zon by The Breakdown
64 min listen
Roaring Kitty Roars Back, But Can the New Gamestop Madness Recapture the Magic? by The Breakdown
12 min listen
The Biden SAB121 Veto Undermines Claims of a Democrat Crypto Pivot by The Breakdown
11 min listen
How Serious is the Democrat Crypto Pivot? by The Breakdown
11 min listen
Biden Joins the Pro-Crypto Pivot by The Breakdown
10 min listen
Mt. Gox Unlock FUD Will Soon Finally Come to An End by The Breakdown
11 min listen

Related podcast episodes

Skip carousel

BREAKDOWN: The Bitcoin Banking Battle Heats Up by CoinDesk Podcast Network
11 min listen
BREAKDOWN: Why Citi Thinks Bitcoin Is at a Tipping Point by CoinDesk Podcast Network
15 min listen
Bitcoin Banking in 2050 with Eric Yakes by What Bitcoin Did with Peter McCormack
111 min listen
Bitcoin News Roundup for March. 1, 2021 by Markets Daily Crypto Roundup
7 min listen
ARK Invest's crypto analyst says bitcoin market cap could hit $3 trillion by 2025 by The Scoop
46 min listen
What Is One Of The World's Largest Derivatives Exchanges Doing With Bitcoin?: CME Group handles three billion contracts worth about $1 quadrillion annually. So why is it making a foray into bitcoin, whose market capitalization is a mere $16 billion? Sandra Ro, CME's head of digitization, explains its first cryptocurrency... by Unchained
46 min listen
Fed Watch - Another Government Letdown - FED 37: Do not forget to subscribe to the new Fed Watch: Bitcoin and Macro new feed. by Bitcoin Magazine Podcast
29 min listen
The Outlook for Central Bank Digital Currency with Author Michael Casey by Blockchain Bylines
51 min listen
Has the Bitcoin Price Bottomed Out? With The Rational Root by What Bitcoin Did with Peter McCormack
76 min listen
Bitcoin News Roundup for April 13, 2021 by Markets Daily Crypto Roundup
11 min listen
7investing and CryptoEQ in September 2022: Ethereum's Merge, Reddit Has NFTs, and Blackrock & Coinbase Strike a Deal by The 7investing Podcast
35 min listen
BREAKDOWN: Davos, CBDCs, and the Rise of Bitcoin Art by CoinDesk Podcast Network
21 min listen
MicroStrategy Is Raising Another $400M to Buy BTC: Today on the Brief: BBVA set to offer crypto trading and custody Wells Fargo discusses bitcoin in recent investor memo Square launches Bitcoin Clean Energy Initiative with $10 million Our main discussion: Michael Saylor is back at it. ... by The Breakdown
18 min listen
BREAKDOWN: A De Facto Bitcoin ETF? MicroStrategy Is Raising Another $400M to Buy BTC by CoinDesk Podcast Network
18 min listen
Bitcoin and the media with Lina Seiche: Lina Seiche, the Managing Director of the BTC Times, discusses being a Bitcoiner, The BTC Times and their mission, the uniqueness of Bitcoin's origin story, the importance of Satohi's anonymity, and much more. by The Charlie Shrem Show
50 min listen
Chris Burniske & Jack Tatar: Cryptoassets – The Rise of a New Asset Class: Chris Burniske and Jack Tatar joined us to discuss their book 'Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond' by Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
84 min listen
Bank Runs (plus Jonathan Clements on "My Money Journey") (EP.247): There’s been a lot of interest in the topic of bank runs lately, and in today’s episode, we take a look at the most relevant research to help us better understand why they happen and how they can be avoided. Our conversation unpacks the 2022 Nobel... by The Rational Reminder Podcast
65 min listen
BREAKDOWN: Why Today's Crypto Exchange Leaders Are Powerful, but Not Inevitable by CoinDesk Podcast Network
13 min listen
Bitcoin News Roundup for March 11, 2021 by Markets Daily Crypto Roundup
6 min listen
Diagnosing the Dip: Why Today's Leading Exchanges Are Powerful, but Not Inevitable: After settling in to the $10,000 price level, BTC suddenly and rapidly dipped more than 5% in an hour on Wednesday. As the market discusses possible explanations, some floated the unexpected simultaneous downtime of Binance and Coinbase as a causal... by The Breakdown
13 min listen
Bitcoin Falls To Lowest Level Since Dec 2020 by Schwab Network
6 min listen
Just the Headers #37: This is a weekly headline show where Dee and Jessie Broke do their best to highlight bits of nonce-sense from Crypto News. We only choose three articles, essentially at random, from the litany of blockchain news that is syndicated throughout a week. If you are interested in all the news articles that we horde in a week, please visit the link below to look at our collection. These Week's topics: -NASDAQ says Bitcoin can become the global reserve currency! -BIS says Bitcoin is terrible and lacks value. -Mastercard fined $650M dollars. -Jessie records from his car. Enjoy! Crypto Headline Database: https://docs.google.com/spreadsheets/d/1XDslU2J4ipR9BawjfEAihqTusr4NZqjq4S5ALY8sMJw/edit?usp=sharing by Logos Podcast with Jarrad Hope
57 min listen
Bitcoin for Banking Failures with Parker Lewis by What Bitcoin Did with Peter McCormack
96 min listen
Ep 38 - Real Conversations: Josh Crumb - Bitcoin Boom or Bust? by Hedgeye Podcasts
51 min listen
Bank Runs, Bailouts & Bitcoin with Caitlin Long by What Bitcoin Did with Peter McCormack
64 min listen
Bitcoin News Roundup for Feb. 2, 2021 by Markets Daily Crypto Roundup
9 min listen
Bitcoin Will Resume It's Move Higher Again by Schwab Network
7 min listen
Dan Held on Bitcoin's Quantum Narratives (Ep. 4): Dan Held explains the many different Narratives for Bitcoin's Value by Bitcoin Magazine Podcast
26 min listen
Davos Takeaways, CBDCs & the Rise of Bitcoin Art featuring Brekkie von Bitcoin: That’s a wrap! The World Economic Forum is over, and the key ideas coming out of Davos for our industry are: 1) a continued ‘blockchain, not crypto’ narrative; 2) a believe in the inevitability of cashless futures (without much concern about the... by The Breakdown
21 min listen
The Debt Tsunami with Caitlin Long by What Bitcoin Did with Peter McCormack
84 min listen

Discover this podcast and so much more

The Bitcoin Banking Battle Heats Up

The Bitcoin Banking Battle Heats Up

Description

Titles in the series (100)

More Episodes from The Breakdown

Related podcast episodes