A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
Whatever you thought of the uncorrelated or safe haven narratives a few weeks ago, it’s hard to deny that bitcoin and crypto are moving in lock step with equities - even mirroring a small bounce in the morning that retreated in the early...
14 min
1677
What the Market Crash Means for Bitcoin, Feat. ...
Bitcoin’s price has cratered, but it’s nothing compared to the broader market havoc. From the Coronavirus scare to an oil price war, a confluence of factors is aligning to make it a very rough Monday. On this episode of The Breakdown, @nlw...
33 min
1678
The Breakdown Weekly Recap | March 7 2020
The full week's episodes in one convenient package The View From China: Crypto, Crisis and Digital Currencies Feat. Matthew Graham What Us Election Outcome Is Best for Bitcoin? Libra Plus? A New Global Digital Currency Strategy For Facebook Why...
117 min
1679
Riccardo 'Fluffypony' Spagni on How Coronavirus...
As the Coronavirus took hold in China, officials in the Hubei province tracked potential patients by examining purchase records for cough and flu medicine for the previous month. Welcome to the new frontiers of privacy. In this wide-ranging...
31 min
1680
Why Bitcoin Mining Might Be the New Business Mo...
It was another good day for global crypto, as South Korea votes to formally integrate the industry into the existing financial system, opening the market to new players and potentially improving services for crypto companies. In New York state,...
15 min
1681
Libra Plus? A New Global Digital Currency Strat...
Yesterday, The Information reported that Facebook’s Calibra wallet would be abandoning the backed-by-a-basket-of-currencies Libra for a set of fiat-backed digital currencies for different regions. The company quickly amended that while they would be...
15 min
1682
What Us Election Outcome Is Best for Bitcoin?
Today is Super Tuesday - the biggest day of the US primary election season. Increasingly, prediction markets and pollsters suggest it’s a two person race between Joe Biden and Bernie Sanders (although Mike Bloomberg has insisted he’s staying...
24 min
1683
The View From China: Crypto, Crisis and Digital...
When everyone wrote their 2020 crypto prediction pieces, China featured prominently in everything from the exchange business to enterprise blockchain to the potential impact of a forthcoming digital yuan. Coronavirus erased those issues from...
25 min
1684
The Breakdown Weekly Recap | Feb 29 2020
The full week's episode run in one long-run, long-chill, long-sleep episode: Monday | Caitlin Long on Coronavirus, Crypto Custody and Building a Bank Tuesday | 6 Explanations for Crypto’s Coronavirus Focus Wednesday | Is Bitcoin A Safe Haven or...
114 min
1685
Understanding This Week’s Market Whiplash, Feat...
After weeks of not reacting to Coronavirus, the markets took a profound turn for the worse this week, leading ultimately to the fastest correction - i.e. loss of 10% - in recorded history. In this episode of The Breakdown, @NLW is joined by...
24 min
1686
A 101 Guide To Ethereum’s ProgPoW Controversy
Last Friday on Ethereum’s core developer call, the devs agreed to push forward a controversial anti-ASICs consensus algorithm switch known as ProgPoW. The broader Ethereum community was not pleased, and has spent the last week debating both...
25 min
1687
Is Bitcoin A Safe Haven or ‘Schmuck Insurance’?
Bitcoin is having a terrible, horrible, no good very bad day. Many are using the dump - which from a timing perspective aligns with a broader market selloff among Coronavirus fears - as a way to diminish the “bitcoin as a safe haven”...
19 min
1688
6 Explanations for Crypto’s Coronavirus Focus
The spread of Coronavirus has dominated the news cycle across industries, but the discussion has been particularly fierce in both the finance and tech worlds, with crypto right in the lead. For a month or more, prominent crypto voices have been...
22 min
1689
Caitlin Long on Coronavirus, Crypto Custody and...
An incredible amount of work has gone into convincing institutional investors that bitcoin and crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure. A new crypto bank...
19 min
1690
The Breakdown Weekly Recap | Feb 22 2020
The full week's episode run in one long-run, long-chill, long-sleep episode: Monday | Off Tuesday | Wednesday | Thursday | Friday |
83 min
1691
Diagnosing the Dip: Why Today's Leading Exchang...
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...
12 min
1692
Why We Should Stop Thinking of ‘Crypto’ as a Si...
The ‘crypto’ industry is having a hard time fitting everything that’s happening inside that one monolithic term. On this episode, @nlw looks at current news stories from across at least 5 different categories - DeFi, enterprise blockchain,...
15 min
1693
Chainlink's Sergey Nazarov on What DeFi Can Lea...
The DeFi world continues to dissect the recent attacks on bZx. To most, the amount lost in the attacks is far less relevant than what the attacks suggest about how DeFi applications need to be designed. Within that, one key topic of conversation...
34 min
1694
Is It Exploitation Season for DeFi?
Part of what makes DeFi interesting to people is how it takes advantage of open source protocols to enable types of transactions never before available. The problem, however, is that financial structures mean new financial vulnerabilities. In...
17 min
1695
The Breakdown Weekly Recap | Feb 15 2020
The full week's shows as one long episode, featuring guests including Travis Kling (Ikigai), Muneeb Ali (Blockstack), Coinlist (Andy Bromberg) Monday | On the Frontlines of the SEC Safe Harbor Proposal With CoinList President Andy Bromberg...
116 min
1696
The Top Narratives Driving Crypto Market Growth...
There’s no denying that 2020 is off to a roaring start. From prices to volume to social media, sentiment is up up up. But what’s driving it? On this special Valentine’s Day episode, @nlw reacts to listeners votes about which narratives are...
18 min
1697
The US Government Sends Mixed Signals on Digita...
To look at the US Government, it is the best of times and the worst of times for personal financial privacy. On the one hand, in before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin says that FINCEN is planning more...
21 min
1698
Why Crypto Sentiment and Prices Are Soaring: Pu...
After Monday’s quick retrace, bitcoin and the rest of the market went green again. In this episode, @nlw breaks down the shifting sentiment, looking at: How a between Hedara Hashgraph and Google Cloud pumped HBAR more than 50% - featuring...
18 min
1699
Muneeb Ali Explains Blockstack’s Big Bet on Bit...
Last week, Blockstack announced a new proposal through which node operators would be rewarded in bitcoin. The concept behind Proof of Transfer is that, for the cryptoasset ecosystem to run, electricity should only have to be converted into digital...
32 min
1700
On the Frontlines of the SEC Safe Harbor Propos...
Last week, SEC Commissioner Hester Peirce proposed Rule 195 to give token projects a 3 year safe harbor. This proposed period would allow them to distribute tokens without fear of violating securities law so long as they achieve certain standards of...