4.8 • 689 Ratings
🗓️ 2 September 2022
⏱️ 36 minutes
🧾️ Download transcript
This episode is sponsored by Circle and NEAR.
In the attempt to contain the inflationary outbreak in the U.S. economy, the Federal Reserve’s monetary tightening by hiking interest rates will continue for some time. Recently, the U.S. central bank’s chair, Jerome Powell, made it clear that our present crypto winter was here to stay.
However, this is a good time for development in the crypto space.
On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren speak with Near Foundation’s CEO, Marieke Flament.
The Near Foundation is committed to expanding its ecosystem of developers and project leads working on top of the Near blockchain. Its proof-of-stake blockchain has introduced a number of the scaling solutions that Ethereum developers have been working on for years. And there is great encouragement around decentralized finance (DeFi) development.
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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.
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NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR’s fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.
I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit. Learn more and apply to become a presenter today: coindesk.com/ideas
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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer is Jared Schwartz. The theme song is “Shepard.”
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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0:00.0 | Coindesk is calling on visionaries in the digital economy to present at our newest event, |
0:09.0 | Ideas, investing in digital assets and enterprises summit. |
0:13.0 | Ideas is the place for you to present your marketing opportunity in front of leading investors poised to help you get your idea off the ground. |
0:25.7 | Apply today to become a presenter at Ideas 2020 by CoinDesk. |
0:29.6 | Visit Coindesk.com forward slash ideas for more information. |
0:34.5 | This episode is sponsored by Circle and Near. |
0:37.6 | Money is changing. |
0:40.1 | So where do we go from here? |
0:45.1 | Through high-profile interviews and thought-provoking analysis, join Michael Casey and Sheila Warren for the Money Reimagined podcast as they explore the connection between finance, |
0:49.9 | human culture, and are increasingly digital lives. |
0:54.5 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
0:59.8 | And now, here's Michael Casey. |
1:03.7 | Hello and welcome to Money Reimagined. I'm Michael Casey. |
1:07.3 | Well, last week, Jerome Powell played the role of a gloomy Paxetoni Phil. |
1:12.1 | Like the famed groundhog of Paxitone, Pennsylvania, the US Federal Reserve chairman made |
1:17.0 | it clear to crypto investors that winter is going to last longer than they might have hoped. |
1:22.0 | The Fed is going to keep hiking interest rates for some time, it seems, to try to contain |
1:26.7 | the inflationary outbake in the US economy, |
1:29.7 | which is why financial markets, but notably Bitcoin, Ether and other prominent crypto tokens |
1:34.0 | have sold off from what had been a more upbeat late summer rally when investors were hopeful |
1:39.7 | that the worst of the Fed's monetary tightening was behind them. So, sorry to say it, folks, |
1:44.1 | but Crypto Winter will be with us for a while, |
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