CoinDesk Podcast Network

"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith and DeFi Education Fund CEO Miller Whitehouse-Levine.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s featured story is an opinion piece from Kristin Smith and Miller Whitehouse-Levine, titled: “Congress Gets the Runaround From Regulators, Again,” written as part of Consensus Magazine's Tax Week.

-

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

CoinDesk Indices presents six notable market movement highlights from last week.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Today’s takeaways are provided by Tracy Stephens, senior index manager of CoinDesk Indices with additional analysis from Todd Groth, head of index research at CoinDesk Indices. For more on the CMI you can visit: http://coindeskmarkets.com/.

-

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Coin Center’s Peter Van Valkenburgh believes that the U.S. Treasury could use the Bank Secrecy Act in a dark way against crypto developers. 

In this episode of Unchained, Peter Van Valkenburgh, director of research at Coin Center, explains why the IRS's proposed broker rule for tax reporting in crypto could harm the crypto industry as well as the security and privacy of users. He explains how Coin Center thinks the IRS should accomplish its aims, and why that would even work for collecting taxes on DeFi gains. 

Additionally, Peter explains why he believes the Bank Secrecy Act might be unconstitutional and how that could potentially affect developers building in crypto. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights | 

Thank you to our sponsors!  Arbitrum Foundation Popcorn Network

Guest |

Peter Van Valkenburgh, director of research at Coin Center

Previous appearances on Unchained: 

Why the SEC Is Probing Yuga Labs and Coin Center Is Suing Treasury

How Coin Center Is Helping Define The 'Big Fuzzy Gray Area' Of Blockchain And Cryptocurrency Law

Why the SEC's Proposed Rules Affecting DeFi Could Violate the First Amendment

Links | 

IRS Crypto Regulation

Coin Center: Report Electronic Cash, Decentralized Exchange, and the Constitution

The Blockchain Association’s letter opposing tax regulations proposed by the IRS

CoinDesk: How the Crypto Industry Responded to the IRS Proposed Broker Rule

Patriot Act 

California Bankers Assn. v. Shultz

Bank Secrecy Act

Coin Center:

Report Broad, Ambiguous, or Delegated: Constitutional Infirmities of the Bank Secrecy Act

Tornado Cash

Coin Center:

U.S. Treasury sanction of privacy tools places sweeping restrictions on all Americans

Coin Center is suing OFAC over its Tornado Cash sanction

Denial of Coin Center’s motion in its case against the US Treasury over OFAC sanctions

-

Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores consumer signals, energy prices, market moves, ETF comparisons and more.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s Stories:

A Physical Dogecoin Could Reach the Moon in December 

(WMT) Walmart Lifts Profit Outlook, Stays Cautious on US Consumers - Bloomberg 

Target (TGT) Profit Blows Past Expectations Amid Leaner Inventories - Bloomberg 

Home Depot (HD) Narrows Guidance for Full Year Profit, Revenue - Bloomberg 

-

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

An exploration into emerging decentralized networks, the subtle revolution in blockchain utilization, and a comprehensive overview of the latest advancements in Layer 2 developments.

This episode is sponsored by Consensus 2024 

Follow the show here for more.

In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk,  explore the following stories:

• Infura's baby step toward decentralization.

Infura, from the Ethereum developer Consensys, is so dominant it's been cast as a single point of failure. Now it's creating a "decentralized infrastructure network" to help protect against outages – with a "federated" group of partners.

• What are ‘Intents’?

Intent-centric programs are quietly transforming how we use blockchains, but they bring risks as well as benefits.

PROTOCOL VILLAGE SEGMENT  

EPISODE LINKS |  

Ethereum Platform Infura's Step Toward Decentralization Includes Microsoft, Tencent 

'Intents' Are Blockchain's Big New Buzzword. What are They, And What Are the Risks?

Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology

Blockchain Startup Kinto Plans 'First KYC'd' Ethereum Layer-2 Network After Raising $5M 

Blockchain Developer Lattice Unveils 'Alternative Data Availability' Network for Optimism 

Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role 

Plasma: Scalable Autonomous Smart Contracts 

Sign Up for THE PROTOCOL NEWSLETTER 

From Our Sponsor: 

CONSENSUS 2024 by Coindesk 

Secure your $109 Developer Pass today and join us in Austin May 29-31 to explore the epicenter of blockchain innovation at Consensus. This is where the top blockchains show off their latest advancements, share their detailed roadmaps, dive deep with technical workshops and forecast the next wave of innovation. Don’t wait! These passes are limited. Learn more and register: https://consensus.coindesk.com/register/developer/

-

The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores market moves, stablecoins, rate expectations and more.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s Stories:

JPMorgan, Apollo Tokenize Funds in 'Proof of Concept' With Axelar, Oasis, Provenance 

Crypto Market Sees Net Capital Inflow for First Time in 17 Months 

Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations 

-

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jonathan Martin traveled across El Salvador, observing bitcoin adoption in the first country to make BTC legal currency.

On "Carpe Consensus," hosts Ben Schiller and Danny Nelson take a look at bitcoin adoption alongside Jonathin Martin, bitcoiner and graduate student at The Wharton School. Martin discusses the nature of adoption – by who, in what parts of the country and for what purposes – and explores the complexities of attempting to imbed a new digital currency in a nation.

Check out Jonathan's latest report from El Salvador, "Westerners See El Salvador as a Template for a New Monetary System."

If you liked this episode, listen to Jonathan Martin's previous appearance on "Carpe Consensus" on Spotify or Apple.

“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

From NEARCON 2023 a conversation with emphasis on scalable infrastructure, user-friendly experience, and ethical AI integration.

This episode is sponsored by CME Group and PayPal.

In today's episode of "Money Reimagined," host Michael Casey while in Lisbon, Portugal at NEARCON 2023, engages in a thought-provoking conversation on the intersection of blockchain innovation and governance, NEAR Foundation's newly appointed CEO, Illia Polosukhin. He sheds light on the organization's visionary approach, emphasizing the pivotal role of multi-chain interoperability, scalable infrastructure, and user-friendly experiences in shaping the future of the open web. Shifting focus, Casey drives the conversation into the profound impact of AI on society, underscoring the importance of ethical considerations and decentralized models to mitigate potential risks. Simultaneously Illia highlights the promising synergy between AI and blockchain for transformative applications and governance solutions.

Links | 

Illia Polosukhin: Building Near's Blockchain, Embedding AI 

Near Foundation Joins Celestia in Race to Provide 'Data Availability' for Ethereum Rollups 

Near Foundation and Polygon Labs Collaborate to Build ZK Solution

NEAR Foundation 

NEARCON 2023

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for

bitcoin and ether trading. Participate in The Crypto Classic: Cryptocurrency Futures and Options

Trading Challenge from Dec. 10-15 for the chance to win cash prizes. Compete against your

peers while test-driving strategies for Bitcoin and Ether futures and options trading in a risk-free

simulated environment. 

Visit https://www.cmegroup.com/cryptoclassic to find out more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S Treasuries and similar cash equivalents. Buy, sell, hold, and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get Started now at paypal.com/pyusd

-

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores exchange developments, bitcoin miners, economic data and more.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s Stories:

Coinbase Officially Launches Base Blockchain in Milestone for a Public Company 

Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network 

Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology 

Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps 

Bitcoin Miner Marathon Digital Beats Q3 Earnings Estimates, but Misses on Revenue 

-

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Here’s why it’s difficult to calculate exactly how much money terrorists are raising in crypto. 

The recent Wall Street Journal article that claimed Hamas raised $130 million via cryptocurrency has sparked considerable debate, especially after Sen. Elizabeth Warren used it as her sole source to ask for tighter regulations around crypto. However, the veracity of this claim has come under scrutiny. 

Yaya Fanusie, Jessi Brooks, and Andrew Fierman delve into the veracity of reported figures, the methodology behind them, and the subsequent industry responses that sought to correct the public record. They examine the political implications of cryptocurrency, its use in funding organizations, and the nuanced role of stablecoins in this digital economy. Additionally, they address the broader challenges in regulating crypto to prevent illicit funding, emphasizing the need for factual accuracy and a comprehensive approach to understanding and tackling such complex issues. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights |  

The challenges to creating regulations to prevent the use of illicit activity in crypto

Thank you to our sponsors!  Crypto.com |  LayerZero  | Popcorn Network

Guests | 

Yaya Fanusie, Director of anti-money laundering and cyber risk at the Crypto Council for Innovation.

Previous appearance on Unchained: 

How Widespread Is Money Laundering in Crypto?

Hamas has been experimenting with crypto for years: Yaya Fanusie, appearance on FOX Business

Jessi Brooks, CCO and Legal Officer at Ribbit Capital.

Previous appearance on Unchained: How This DOJ Strike Force Hunts Down Cryptocurrency Criminals

Andrew Fierman, Head of Sanctions Strategy at Chainalysis 

Links | 

Fundraising report and corrections 

WSJ: 

Hamas Militants Behind Israel Attack Raised Millions in Crypto

Cryptocurrency Feeds Hamas’s Terrorism

Questioning Two Senators on Crypto Terrorism

Washington Post: 

U.S. to warn crypto firms against financing Hamas, terror groups 

U.S. Cyber Command helps prosecutors seize stolen cryptocurrency traced to illicit N. Korea nuclear weapons program

FT: Israel orders freeze on crypto accounts in bid to block funding for Hamas

Fortune: Stricter verification laws in the U.S. won’t stop international terrorists from using crypto

DOJ: Global Disruption of Three Terror Finance Cyber-Enabled Campaigns

Elliptic: 

Setting the record straight on crypto crowdfunding by Hamas

How Hamas has utilized crypto, and what may be coming

Chainalysis: 

Cryptocurrency and Terrorism Financing: Correcting the Record

DOJ Takedowns Terrorism Financing with Blockchain Analysis

Nic Carter Twitter thread: Can crypto-twitter OSINT outperform the WSJ’s chain analysis?

Nic Carter Tweet: Liz Warren wyd?

Tornado Cash sanctions: 

Bitcoin News: Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions

Previous coverage of Unchained on Tornado Cash:

Is This the End of DeFi? Why the US Government Is Going After Tornado Cash

The Chopping Block: ‘Code Is Law’ Is ‘Obviously Not How Anything Works Ever’

The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions

Preston Van Loon on Ethereum’s Merge and His Lawsuit Against Treasury

Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?

The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?

Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?

Unchained: Tornado Cash Cofounder Arrested, Another Sanctioned by U.S. Government

Crypto anti-money laundering bill:

Warren’s letter: Warren, Marshall, Casten, 100+ Lawmakers Ask Biden Administration to Address Crypto-Financed Terrorism after Reports of Hamas Raising Millions in Crypto to Fund Operations

The Digital Asset Anti-Money Laundering Act of 2023 Senators Elizabeth Warren and Roger Marshall

CoinDesk: Senator Elizabeth Warren’s Crypto Money Laundering Bill Gains Momentum as More Sign On

-

Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.