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Bloomberg Tech

BlockFi's Potential Bankruptcy and NY Fed's Digital Dollar

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 20 January 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow discuss the worth of crypto companies after the FTX fiasco and BlockFi's potential bankruptcy, while the NY Fed is still charging ahead with plans of a digital dollar. Plus, why SpaceX is fundraising at a valuation upwards of $150 billion. 

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's world headquarters in New York.

0:46.0

And I'm Ed Lodlow in San Francisco.

0:48.0

This is Bloomberg Technology.

0:50.0

Coming up yet more layoffs, this time at Google's parent. That means more than 100 hundred thousand tech workers have been laid off since

0:56.6

the start of 2022. And Elon Musk is testifying under oath right now in a multi-billion dollar trial where the claims

1:04.7

he misled shareholders in 2018 tweets about taking the company private.

1:09.7

And we ask CFTC Commissioner Christy Goldsmith Romero how she suggests the government

1:14.8

regulate digital assets. But first a check in on those markets will get to digital markets in just a moment.

1:21.4

Let's have a little look at what's happening in terms of your

1:23.0

Nasdaq. What a day, what a risk on trade, what a desire to get into technology

1:27.0

stocks, helped of course by some single names that Ed will point out, but the Nasdaq

1:30.6

crushing it up 2.7% and really managing to shirk off some of those red screens

1:36.0

that we were used to in the rest of the week.

1:37.4

So actually ends on a high note and brings the weekly move.

1:40.9

It's four days, of course, a shortened holiday trading week into the green.

1:44.3

The MSCI or country world index was also up on the day so we saw risk assets rally

1:48.5

over in Europe and indeed over in Asia as well.

1:51.0

Interesting move that we've seen such lockstep moves in terms of bonds and stocks.

...

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