Bloomberg Crypto

Financial markets can be subject to a fair amount of groupthink. The herd effect. Mob mentality, even. There’s actually some really interesting research into this: check out for example the paper, “Bubbles, Human Judgment, and Expert Opinion ” by Robert J. Shiller.  Here's additional research into herd effect: Herding behaviour in digital currency markets: An integrated survey and empirical estima...

Listen to Bloomberg Crypto on the iHeartRadio App , Apple Podcasts or  Spotify . Sam Bankman-Fried used to say he was a man on a mission. That mission: giving away more than a billion dollars in the service of a movement known as “effective altruism." Through personal giving, and through a philanthropic unit called the FTX Foundation, Bankman-Fried appeared to support causes ranging from pandemic...

Listen to Bloomberg Crypto on the iHeartRadio App , Apple Podcasts or  Spotify . “It’s time to rebuild…” is a catchy phrase often said by crypto industry folks after massive implosions, like the one we just had with FTX. In the aftermath of these moments, investors are known to imagine all the potential for growth after the downturns.  But this year in crypto the time for rebuilding has come often...

The interplay of money and politics in the US is real, and well established. And that includes when that money is either in the form of crypto, or comes from people who made their fortunes in digital assets.  The recently concluded US Midterm Elections featured several candidates - including winning ones - whose campaigns were financed in part by crypto-related donors and donations. Among those do...

Listen to the sixth audio excerpt from a special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voiced by Bloomberg Businessweek editor Mark Leydorf. See omnystudio.com/listener for privacy information.

The apples are falling from the crypto tree, one by one. The contagion is happening. This week was BlockFi filed for bankruptcy. Also, crypto hedge funds are losing faith in centralized exchanges. In this episode, our crypto editors review what other companies remain vulnerable, and search for any bright spots emerging in the digital asset ecosystem. Hosted by senior crypto editor Philip Lagerkran...

A  look into the disorganized bankruptcy filing of FTX’s crypto empire with Bloomberg reporter Jeremy Hill. We review why we don’t know the identity of FTX’s top 50 creditors and whether we’re likely to find out. The discussion also considers what other companies could still suffer by their association with former FTX CEO Sam Bankman-Fried and his now bankrupt companies. Listen to Bloomberg Crypto...

We’re just going to keep saying this: news moves fast in crypto. To help us stay on top of it, the show take on some of the pivotal but perhaps less well known players in crypto - players whose names all begin with G. Bloomberg reporter Yueqi Yang joins to discuss Genesis, Galaxy, Gemini and more. Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter   See omnystudio.co...

For a while, there was a real buzz around owning land in the metaverse. As one theory went, Millennials and Gen Z’ers who’d given up on being able to afford a physical property would splurge on a virtual one instead. Well, it’s not quite turning out that way. Despite the hype - and investments by everyone from Snoop Dogg to the Bajan government - owning property in the metaverse so far hasn’t turn...

In late 2022, Hong Kong updated its crypto regulations in a way that signaled a goal of increasing retail access to the asset class. In sharp contrast, nearby Singapore tightened regulations after big losses this year for retail investors. Korea, still dealing with the aftermath of the collapse of the Terra / Luna tokens, is currently focussing on enforcement. And India, somewhat uniquely in the r...

Listen to the fifth audio excerpt from a special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voiced by Bloomberg Businessweek editor Mark Leydorf. See omnystudio.com/listener for privacy information.

Our colleagues on QuickTake, Tim Stenovec and Katie Greifeld , host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode.  Enjoy! Find the full video experience of the shows here. See omnystudio.com/listener for privacy information.

We on the Crypto podcast team are taking a short pause to give thanks and spend some time with loved ones. And we wanted to share one of our favorite previous episodes with you. We'll be back with new episodes on Monday. Enjoy! The gaming industry is bigger in revenue terms worldwide than the film and television industries combined. But it also continues to deal with hard and necessary conversatio...

In the spirit of the Thanksgiving holiday in the U.S., we wanted to re-up this episode that we really love from earlier in the year. We are thankful for you, our listeners. And to all who celebrate, we wish you a joyful day. Enjoy! Earlier this year, pop music duo The Chainsmokers released 5,000 nonfungible tokens for free. These NFTs gave fans a 1% cut of the streaming royalties from their latest...

Have you heard the one about “the box”? In April 2022, long before Sam-Bankman Fried was tweeting rambling threads about the collapse of his FTX empire, he joined the Bloomberg Odd Lots podcast and talked about “the box”. It was his metaphor for describing the crypto practice of “yield farming”, and his description at the time raised many an eyebrow because it seemed, well, too good to be true. Jo...

Before chaos broke out in the crypto market with the collapse of FTX, a report by digital-assets researcher CryptoCompare found that Bitcoin’s value…was still dropping. It appeared the industry wasn’t just heading into winter, but a possible “Crypto Ice Age.”  Then the stunning downfall of crypto exchange FTX, which halted withdrawals and declared bankruptcy, and the resignation of its CEO Sam Ban...

In a crisis, there are always winners and losers. So, who are some of the players who might emerge stronger from the latest calamity to hit the cryptoverse? And will the fallout rekindle the tense debate over centralized entities versus decentralized protocols?  Bloomberg reporter Sidhartha Shukla joins Bloomberg managing editor of crypto Stacy-Marie Ishmael to discuss this and more in our latest...

Listen to the fourth audio excerpt from a special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voiced by Bloomberg Businessweek editor Mark Leydorf. See https://omnystudio.com/policies/listener for privacy information. See omnystudio.com/listener for privacy...

Our colleagues on QuickTake, Tim Stenovec and Katie Greifeld , host a weekly video series called QuickTake IRL - In Real Life. Just for listeners of the Bloomberg Crypto podcast, we've got an audio version of their latest episode.  Enjoy! Find the full video experience of the shows here. See omnystudio.com/listener for privacy information.

It’s been another unprecedented week in the crypto ecosystem. Fast moving information and news about digital assets has kept coming as the market struggles with the repercussions of FTX declaring bankruptcy and the resignation of former CEO Sam Bankman-Fried. Events continue to unfold at lightning speed with great consequences for so many investors. Bloomberg crypto senior editor Philip Lagerkrans...

This week on the podcast, we’ve attempted to unpack the spectacular downfall of one of the biggest crypto exchanges and how it has possibly changed the sector forever. A month ago, if someone would have told us that crypto exchange FTX was potentially mismanaging customer funds, funneling money into its sister trading firm Alameda Research, and would soon weigh on the crypto industry, we wouldn't...

Around this time last year, the very first Bitcoin-linked exchange-traded fund debuted -  the ProShares Bitcoin ETF, which trades under the ticker BITO. The launch marked a milestone for the digital-asset industry:  It opened up the opportunity for more mainstream investors to dip their toes into cryptocurrencies.  The ETF had a stellar start: it was the second-most heavily traded fund on record,...

The crypto industry descended into chaos last week after a series of fast moving events. The trouble purportedly started after Binance CEO Changpeng Zhao tweeted that the crypto exchange would sell off some of rival exchange FTX’s native token, FTT, due to ‘risk management’ issues. That drove the price of FTT down and fueled a selloff. Soon after, FTX was forced to halt withdrawals from the exchan...

It’s a day ending in Y, which means we’re going to talk about crypto hacks. Yes, these are all too common - in October alone, hacks, attacks and clever exploits (more about those in a second) cost the crypto industry an estimated $700 million.  Now when we talk about hacks, you might (correctly) picture sophisticated state-sponsored groups like North Korea’s Lazarus, or more run-of-the-mill attack...

Listen to the third audio excerpt from this week's special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means and why it matters. This episode is voice by Bloomberg Businessweek editor Mark Leydorf. See https://omnystudio.com/policies/listener for privacy information. See omnystudio.com/listener for...