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The Breakdown

Crypto Daily 3@3 - 8.8 | Gaming, Mass Adoption and FUD Fighting

The Breakdown

Blockworks

Investing, Business

4.8786 Ratings

🗓️ 8 August 2019

⏱️ 13 minutes

🧾️ Download transcript

Summary

You've heard of the PayPal Mafia, but what about the Magic the Gathering Mafia? Both SkyWeaver and Gods Unchained have serious ex-Wizards of the Coast talent in their ranks. Does this mean blockchain gaming can succeed? Also in the realm of mass adoption, Robinhood was just approved to bring its stock and crypto-buying experience to the UK. Finally, Messari takes a critical look at the FUD from earlier this week that North Korea had hacked $2B from exchanges and financial institutions.  Watch: https://www.youtube.com/nathanielwhittemorecrypto

Transcript

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0:00.0

Welcome back to another crypto daily 3 at 3. All right. So today we're going to talk about

0:06.6

first Fuddfighting North Korea, a story about a big crypto, you know, hack or sequence of hacks that

0:13.7

allowed them to fund nuclear programs. Two, we're going to talk about Robin Hood, UK.

0:19.1

Robin Hood gets its UK operating license and what that might mean for

0:22.0

mass adoption of crypto. And three, we're going to look at the magic Wizards of the Coast

0:26.4

roots of some blockchain gaming projects. So let's dive into Fudd fighting on North Korea.

0:31.5

So the last couple days, there's been a lot of conversations of hacks, right? Yesterday we talked

0:35.2

about the Binance K-YYC hack where a hacker was

0:39.5

basically threatening to make public a huge amount of KYC data from Binance. Theoretically,

0:47.0

I guess, acquired in the same hack that we heard about a few months ago. We talked about

0:51.4

that for a little bit and we talked about how we didn't know exactly

0:55.0

all the details yet, that it was still kind of being revealed, right? A couple days before that,

1:00.5

I guess, the story came out, I think it was originally Reuters, that said North Korea is

1:06.3

funding its weapons of mass destruction with cryptocurrency and fiat stolen from banks and

1:10.8

exchanges.

1:11.9

So basically, this story was that North Korea had been hacking exchanges over the last

1:18.5

several years and other financial institutions getting, you know, crypto activity and other,

1:26.3

or getting access to cryptocurrency in order to fund

1:31.0

its illicit weapons programs, basically. So when this came out, obviously, a lot of the folks

1:37.9

who were in this space, you know, sigh to big sigh, grown to big groan, because it's yet another

1:42.8

example of kind of the crypto is just

1:45.1

for crime narrative. However, it's more than that, right? Like we've seen over the course of the last

...

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