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Tech Brew Ride Home

Mon. 11/21 – More Crypto Trouble?

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.71K Ratings

🗓️ 21 November 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

Ruh roh. Storm clouds gathering in crypto land again. This time it’s DCG and Genesis. The shocking CEO revolving door over at Disney. The surprising return of SwiftKey. What you missed this weekend in Twitter. And you’ve heard of Stable Diffusion; let me introduce you to Unstable Diffusion. Stable Diffusion but for porn. Sponsors: LetsTalkInTouch.com Masterclass.com/ride ZocDoc.com/techmeme Links: Grayscale won’t share proof of reserves, citing ‘security concerns’ (The Block) Grayscale refuses to share proof of reserves due to ‘security concerns’ as shares trade at a 45% discount to bitcoin (CNBC) Disney Shocker: Bob Iger Returning as CEO, Bob Chapek Exits (The Hollywood Reporter) SwiftKey is unexpectedly back on iOS (The Verge) Twitter’s Broken Its Copyright Strike System, Users Are Uploading Full Movies (Forbes) Kite is saying farewell (Kite.com) Meet Unstable Diffusion, the group trying to monetize AI porn generators (TechCrunch) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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