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CoinDesk Podcast Network

COINDESK DAILY: Donald Trump Backs U.S. Bitcoin Reserve; WazirX Faces Heat After User Survey

CoinDesk Podcast Network

CoinDesk

News, Daily News, Tech News, Business News

4.7698 Ratings

🗓️ 29 July 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the news in the crypto industry from Donald Trump doubling down on bitcoin to WazirX facing criticism over a user survey. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Donald Trump doubled down on bitcoin in front of over 3,000 attendees at the Bitcoin Conference in Nashville, promising that he will maintain a "strategic national bitcoin reserve" and "never sell" the government's seized bitcoin. Plus, Slovenia issued a sovereign digital bond and WazirX continues to face heat after the $230 million hack. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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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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