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CoinDesk Podcast Network

BREAKDOWN: Even in an Off Week, Bitcoin Had Quietly Massive Institutional Adoption News

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 26 June 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

18 million more Americans will soon be able to buy, sell and hold bitcoin directly from their bank accounts. 

This episode is sponsored by Nexo.io and Circle.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

  • Two more massive fundraises 
  • A set of positive regulatory news 
  • A new partnership that will bring bitcoin directly to bank accounts and credit unions around America 

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Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

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Circle Yield, now in early access, enables qualified businesses to generate returns up to 6% with 1 to 12 month terms by deploying capital into USDC on a Circle Account. Sign up for the fully secured, institutional yield product at circle.com/nlw.

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Image credit: Velishchuk/iStock/Getty Images Plus, modified by CoinDesk

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Transcript

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0:00.0

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0:45.6

That's audible.com slash Wondery UK.

0:53.8

Welcome back to The Breakdown with me, NLW.

0:58.8

It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world.

1:05.3

The breakdown is sponsored by nexo.io and circle, and produced and distributed by CoinDesk.

1:14.1

What's going on, guys? It is Saturday,

1:20.7

June 26th, and that means it's time for the weekly recap. First on the recap, let's revisit a theme from earlier in the week. I argued that if we were headed into a bear market, it was a bear market

1:25.6

that would be incredibly well capitalized.

1:28.5

Well, two more monster rounds announced this week to add to the list that I shared then.

1:33.7

For the second time this year, Chainalysis has raised a nine-figure round.

1:38.1

Their series D was in March and led by Paradigm and raised $100 million at a $2 billion valuation.

1:46.8

This series E was also $100 million, but led by Kowatu management at a more than doubled $4.2 billion valuation. A couple of months

1:53.1

and your $100 million buys you half as much, right? Well, what happened in those couple of months?

1:58.8

Well, the ransomware epidemic, of course, or more specifically,

...

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