COINDESK DAILY: Donald Trump Backs U.S. Bitcoin Reserve; WazirX Faces Heat After User Survey
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 29 July 2024
⏱️ 2 minutes
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| 0:00.0 | Former President Donald Trump doubles down on Bitcoin and Wazer X continues to face heat after a hack. |
| 0:06.7 | This is CoinDesk Daily. I'm your host, Jen Sanassi. |
| 0:14.7 | Donald Trump doubled down on Bitcoin in front of over 3,000 attendees at the Bitcoin Conference in Nashville. |
| 0:21.3 | In a speech delivered on Saturday, the former U.S. President promised to maintain a strategic |
| 0:25.6 | national Bitcoin Reserve and never sell the government's seized Bitcoin. |
| 0:30.3 | Trump said that he wants Bitcoin to be, quote, minted, mind, and made in the U.S., and |
| 0:35.4 | quote, he added that Democrats keeping the White House would be a disaster for crypto |
| 0:39.8 | and that firing SEC Chair Gary Gensler would be his day one plan. |
| 0:45.5 | And on the other side of the ocean, Slovenia became the first European Union member |
| 0:49.4 | to issue a sovereign digital bond with a 30 million euro note. |
| 0:53.5 | The four-month notes mature November 25th and |
| 0:55.8 | carry a coupon of 3.65%. The bond was settled through the Bank of France's tokenized cash system |
| 1:01.9 | as part of the European Central Bank's monetary settlement experimentation program. The |
| 1:06.7 | Slovenian government said that the settlement took place in wholesale CBDCs, |
| 1:15.7 | which are digital tokens designed for use by financial institutions rather than consumers. |
| 1:21.8 | And Wazzo-X continues to face heat from the crypto industry after suffering a $230 million hack earlier this month. The exchange issued a poll on July 27th, asking customers to vote on two different options. |
| 1:29.1 | Access 55% of your funds without withdrawals and get first priority when potential recovery proceeds come, |
| 1:35.1 | or access 55% of your funds with withdrawals with second priority to potential recovery proceeds. |
| 1:41.8 | Co-founder Nishal Shetty wrote on X that the poll was, quote, not legally binding, and it was a |
| 1:45.9 | preliminary step to understand customer opinions, but that clarification came after rival |
| 1:50.9 | exchanges and customers criticized the poll. |
| 1:54.0 | Coin DCX co-founder, Samit Gupta, said that Wazer X is handling of the situation, quote, |
... |
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