Episode Details

Nic and Matt cover an insane week of deals and market turmoil. In this episode: 

• The Biden admin freezes the Treasury guidance on unhosted wallets
• Treasury Secretary Janet Yellen expresses her concern about cryptocurrency for terrorist financing
• Bitcoin as a monetary escape valve
• The real reasons behind Treasury's concern about Bitcoin
• The prospects for monetary repression in the US
• Prospects for Chris Brummer as the new head of the CFTC
• Blackrock warms to Bitcoin
• Our point by point 'debunking' of the anonymous blog post on Tether
• Why Tether critiques are so popular
• Why a Tether implosion would emphasize Bitcoin's value proposition
• We explain the Bitcoin 'double spend'
• How Bitcoin settlement is probabilistic

Content mentioned in this episode: 

• Nic in NYMag, What Explains Bitcoin's Resurgence?
• On The Brink, Interview with Ganesh Viswanath-Natraj
• The Bit Short: Inside Crypto's Doomsday Machine
• Kraken, On Tether, Journalists Defy Logic