Bloomberg Crypto

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.

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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.

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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.  

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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.

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Cryptocurrencies are increasingly popular as investments - everyone from retail traders on Reddit to big institutional shops like Fidelity seems to have a crypto strategy. But what happens when the people investing in this asset class are also the ones in charge of regulating it? Senators like Pat Toomey and Cynthia Lummis own crypto investments while also weighing in on who and how to potentially regulate the industry. Bloomberg reporter Akayla Gardner joins stacy-marie to wade through the thorny question of regulating the regulators. 

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Welcome to Bloomberg Crypto: a new daily podcast from Bloomberg and iHeart Radio. In today’s inaugural episode, host stacy-marie ishmael introduces herself, shares what you can expect from this new daily offering, and outlines what the show aims to bring you each day. Stacy-marie, the managing editor for crypto at Bloomberg News, checks in with Bloomberg reporter Olga Kharif for an update on the full blown meltdown of the Terra stablecoin. Olga will answer the question: can stablecoins actually remain stable?  What made TerraUSD become so unsteady that it imploded? Olga breaks down what happened, why, and what it means for stablecoins and De Fi moving forward. Follow us on Twitter @crypto, and subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

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The crypto universe is expanding fast, and with that expansion comes both excitement and uncertainty. Stacy-Marie Ishmael is the managing editor for Crypto at Bloomberg News and your host for Bloomberg Crypto: A new daily podcast from Bloomberg and iHeart Radio. Each weekday, she dives into everything from Bitcoin to Bored Apes, NFT’s to DeFi, Staking to Web3. Bloomberg Crypto goes deeper than just the daily market buzz to explore how this asset class is shifting the way we live, our politics, and our culture. Listen to Bloomberg Crypto starting June 2nd.

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