Bloomberg Crypto

Multiple pieces of proposed crypto legislation are making their way through the U.S. political machine right now. And earlier this year, President Joe Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets. It directs relevant federal agencies to figure out or define their position on crypto, and identify ways to both protect consumer rights and the rights of investors.

Nathan Dean, a senior analyst at Bloomberg Intelligence, joins the podcast for a discussion of these complicated pieces of potential crypto legislation in the US.

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The fear of missing out, or FOMO, can be a driving force for some casual crypto investors. That feeling is often augmented by watching friends and family members make money from digital assets. There’s some evidence that personal relationships are key in driving new money into crypto. That’s great for everyone when the investment is doing well, but what happens when the markets shift and they start losing money? In this episode, Bloomberg crypto senior editor Anna Irrera speaks with Brian Hourigan and Adam Ghahramani, two friends with first hand experience of what it’s like to be in this position. 

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Solana is one of the newer blockchains in crypto, and for a while was positioned by its fans as a challenger to the dominance of rival Ethereum. Solana’s developers say their blockchain is a faster and cheaper alternative to existing tech. But some users criticize the blockchain for what they call excessive outages, downtime and outright hacks. Still, interest in Solana is high. Now there’s a real-life retail location at a mall in New York City dedicated to the blockchain. It’s called Solana Spaces. We sent a reporter to check it out.

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For years, many crypto investors have been consumed by a single, persistent question as they’ve watched the prices of coins rise and fall, especially as of late: Wen Lambo? 

Bloomberg reporter Hannah Miller & Crypto VC Peter Saddington join this episode to discuss all your burning questions about one of the most visible status-symbols of crypto. 

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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. 

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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.

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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. 

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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.

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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.

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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. 

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