Dan McArdle, cofounder of Messari and the creator of OnChainFX, discusses why tether lost its dollar peg, how the Gemini USD traded at above $1, and how this was similar to the time before Mt. Gox imploded. We also discuss the significance of the Fidelity news, plus McArdle's thesis on how Bitcoin would behave in a recession -- which isn't the conventional wisdom.
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Blockdaemon: http://blockdaemon.com/unchained/
OnRamp: http://www.thinkonramp.com
Episode links:
Dan McArdle: https://twitter.com/robustus
Messari: https://messari.io
OnChainFX: https://onchainfx.com
Tether falls in price: https://www.coindesk.com/price-of-tether-stablecoin-tanks-to-18-month-low/
Gemini trades as high as $1.09: https://www.coindesk.com/gemini-stablecoin-volume-doubles-top-10-exchange-bibox-tether-turmoil/
Bitfinex's banking situation: https://theblockcrypto.com/2018/10/16/tether-has-found-a-new-bank-in-the-caribbean/
https://theblockcrypto.com/2018/10/16/bitfinex-appears-to-have-moved-its-business-to-a-hong-kong-bank/
Unchained episode in which I answer listener questions: http://unchainedpodcast.co/listener-mail-laura-answers-your-questions-on-the-markets-velocity-privacy-and-more-ep88
Fidelity's news: https://www.forbes.com/sites/michaeldelcastillo/2018/10/15/fidelity-launches-institutional-platform-for-bitcoin-and-ethereum/
Dan's thoughts on how Bitcoin could behave in a recession: https://twitter.com/robustus/status/1010240675189805063
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Kik's Surprising Move in Its Lawsuit With the SEC - Ep.85
The IRS Is Cracking Down on Crypto Taxes: What You Need to Know - Ep.84
Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets - Ep.83
Why the Congressional Hearings on Facebook's Libra Were Good for Bitcoin - Ep.82
Why Crypto Regulation Is Surprisingly Cypherpunk - Ep.81
Why It Would Be Good if Libra Rivaled the US Dollar - Ep.80
'Bitcoin Billionaires' Author Ben Mezrich on the Zuckerberg- Winklevoss Rivalry - Ep.079
Libra's Dante Disparte on Why We Should Trust a Financial System Designed by Facebook - Ep.078
Edgeware's Unusual Lockdrop: Get Tokens Even With Frozen Funds - Ep.077
LocalBitcoins on How Bitcoin Trading Compares Across the World - Ep.076
Ethereal 2019: DeFi and Paths to Everyday Usage - Ep.075
To the Moon and Back With Polychain's Olaf Carlson-Wee - Ep.074
Why HTC's Exodus 1s Will Have a Full Bitcoin Node - Ep.073
Binance Hack: Should the Threat of Reorgs Be Used to Deter Hackers? - Ep.072
What Happened to Bitfinex/Tether's $850 Million - Ep.071
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Blockstack's Reg A+ Filing and the Future of Token Offerings - Ep.069
Coinbase Custody: Keep Your Crypto Safe and Use It Too - Ep.068
How Useful Is the SEC's Guidance on ICOs? - Ep.067
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