New York's Latest Anti-Crypto Action

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 5 June 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. On this edition of the “Weekly Recap,” NLW looks at New York State’s latest crypto-unfriendly actions, including a last-minute, frankly sneaky passing of a proof-of-work mining moratorium. - Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Matt Anderson Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, near an FTX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Saturday, June 4th, and that means it's time for the weekly recap.
0:28.8	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:33.2	give it a rating, give it a review, or if you want to dig deeper into the conversation,
0:38.3	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown
0:43.4	pod. Also a disclosure, as always, in addition to them being a sponsor of the show, I also work with
0:49.1	FTX. And one more thing, and we only have this a couple more times because it is coming up right around the corner.
0:55.6	If you haven't registered yet for CoinDesks Consensus 2020, now is the time to do so.
1:02.2	It's happening starting next week, June 9th through the 12th in Austin, Texas.
1:06.5	And online, by the way, for those of you who can't make it.
1:09.5	The goal of the event is to really provide a super wide-ranging perspective on all aspects of this industry,
1:16.1	and it's designed for people at any level of engagement or involvement.
1:19.6	You don't have to be an expert or even a full-timer to get a bunch of value.
1:24.4	If you are interested in going, go to coindesk.com slash consensus 2022 and use code
1:29.6	breakdown to get 15% off your pass. All right. So to the weekly recap. A couple of days ago,
1:36.1	I implored you to decide intentionally what to care about and what not to care about and to save
1:41.0	your energy for the fights that matter. Well, right now, the soundtrack of the
1:45.3	moment for us New York Bitcoiners is New York. I love you, but you're bringing me down.
1:50.7	So what are we discussing? Well, first is this tweet from the New York State Attorney General
1:55.5	Leticia James from earlier this week. The cryptocurrency market is extremely unpredictable.
	...

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