Mon. 11/21 – More Crypto Trouble?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 21 November 2022
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Me Right Home for Monday, November 21st, 2022. |
| 0:07.8 | I'm Brian McCullough today. |
| 0:09.2 | Rutrow Storm Clouds gathering in Cryptoland again. This time it's DCG and Genesis. |
| 0:15.2 | The shocking CEO change over at Disney. The surprising return of Swift Key, |
| 0:20.1 | What You Miss This Weekend in Twitter, and you've heard of stable diffusion let me introduce |
| 0:24.6 | you to unstable diffusion stable diffusion but for porn here's what you missed today in the world |
| 0:29.5 | of tech Well, there seems to have been more storm clouds of gathering in the crypto world. |
| 0:41.0 | They seem to be circling around DCG and Genesis. |
| 0:44.7 | DCG's Greyscale has refused to share proof of reserves, citing, quote, |
| 0:49.1 | security concerns as Grace scale Bitcoin trust reaches new lows and DC's Genesis has halted |
| 0:55.9 | withdrawals quoting the block. The firm acknowledged its decision to keep its |
| 1:00.4 | reserve information private would be a disappointment to some investors. |
| 1:04.4 | Crypto firms are being pressed to show more information about their reserves after |
| 1:08.0 | crypto bohemeth FTX filed for bankruptcy protection earlier this month. |
| 1:12.1 | But panic sparked by others is not a good enough |
| 1:15.1 | reason to circumvent complex security arrangements that have kept our investors' assets |
| 1:19.0 | safe for years, Grayscale said. Grayscale Bitcoin Trust or G B. T.C. hit a record low on Thursday as did its E.T.H.E. product. |
| 1:30.4 | The firm's parent company Digital Currency Group has brushed off contagion fears after the shocking collapse of FTX. |
| 1:36.0 | At the same time, however, another entity affiliated with Grayscale recently halted withdrawals. |
| 1:41.0 | Genesis Global Capital is linked to Grayscale through Digital |
| 1:44.5 | Currency Group." End quote from CMBC. Grayscale's flagship fund is the |
| 1:50.9 | Grayscale Bitcoin Trust known by its GBTC ticker. |
... |
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