MARKETS DAILY: Featured Story | What Crypto's Future Has to Do With LIBOR's Death
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 August 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
The financial services industry has a way of spawning innovation and growing from its crises.
Today's episode is sponsored by Kraken Pro.
Today’s featured story is an opinion piece from Dmitry Gooshchin, titled: “Crypto's Path Forward Could Follow the Financial World's Departure From LIBOR.”
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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.
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This episode was hosted by George Kaloudis. “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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| 0:50.0 | This episode of Markets Daily is sponsored by Cracken. |
| 0:58.0 | It This episode of Markets Daily is sponsored by Cracken. It's Wednesday, August 9th, 2020, and this is Markets Daily from CoinDusk. |
| 1:03.2 | George Kulut is here again with a featured story. On today's show, we're taking a look at |
| 1:08.0 | LIBOR. And just a reminder, Coinondesk is a news source and does not provide |
| 1:12.1 | financial advice. |
| 1:21.6 | I'll be reading an opinion piece by Demetri Gushchen, the chief operating officer and co-founder |
| 1:26.3 | of Endotech.io, titled, |
| 1:28.7 | Crypto's path forward could follow the financial world's departure from LIBOR. |
| 1:33.4 | The world is officially done with the London Interbank Offered Rate, or LIBOR, |
| 1:39.5 | which was a benchmark lending rate that drove the financial industry, and therefore the |
| 1:43.7 | business world, |
| 1:44.6 | for more than four decades. Starting this month, the secured overnight financing rate, |
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