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MARKETS DAILY: Featured Story | COP28 and Bitcoin: The Beginning of a Beautiful Friendship?

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 3 December 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

COP28 kicks off in the UAE this week. While it is likely to deliver the usual ineffective hand-wringing, at significant cost, this year there is a twist: the presence of Bitcoin delegates shows just how far the industry has come. Today's episode is sponsored by CME Group and Harpie. To get the show every day, follow the podcast here. For today’s featured story, Noelle Acheson reads her piece written for CoinDesk, titled: “COP28 and Bitcoin: The Beginning of a Beautiful Friendship?” - From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - Harpie is the most advanced on-chain security solution for monitoring and protecting your crypto wallet from theft in real time. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Secure your wallet for free at harpie.io. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. 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

This episode of Markets Daily is sponsored by CME Group and Harpy.

0:09.1

Hello, this is Markets Daily from CoinDesk.

0:12.8

I'm Noel Atchison here with your featured story.

0:16.0

Today, I want to share a piece I wrote for CoinDesk earlier this week on the ongoing

0:20.6

COP28 climate summit

0:22.1

and what it could mean for crypto.

0:33.1

Its title is,

0:34.8

COP28 and Bitcoin, the beginning of a beautiful friendship?

0:39.3

Here we go.

0:40.9

This week sees the kickoff of COP28, the annual conference to discuss a coordinated global approach to dealing with climate change issues.

0:49.5

This year, it is held in the United Arab Emirates, one of the world's largest oil producers.

0:55.2

Already, desperate rhetoric is emphasizing the catastrophic cost of inaction.

1:00.4

120 heads of state are brushing up their speeches, and even Pope Francis will make an appearance

1:06.1

despite a lung inflammation.

1:08.5

Yet, as usual, the event will most likely end up being a waste of time

1:12.9

as well as energy of all kinds. Nevertheless, there is a positive crypto twist embedded in the shambles.

1:22.0

First, let's briefly address my skepticism. The track record so far is not auspicious. The first cop, which, if

1:30.3

you're curious, stands for conference of parties, in 1995, called for governments to establish

1:36.1

specific legally binding targets and timetables for reducing developed country emissions of greenhouse gases.

1:43.8

Almost 30 years later,

1:45.4

we still don't have those.

1:47.7

The chair of the event

...

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