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WSJ Tech News Briefing

Tech Live 2023: Is Crypto Dead?

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 20 October 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

It's been a rough year for the crypto industry. But supporters say the sector is down not out. Financier Anthony Scaramucci and crypto-compliance advocate Charlie Shrem shared their thoughts on the opportunities and pitfalls facing the industry at the WSJ's Tech Live. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Twilio,

0:02.8

powering personalized customer experiences for leading brands.

0:06.2

Visit Twilio.com slash Gartner to learn why Twilio was named a leader

0:10.6

in Gartner's first-ever 2023 Magic Quadrant for communications platform as a service.

0:21.8

Welcome to Tech News Briefing, it's Friday, October 20th.

0:25.7

I'm Zoe Thomas for the Wall Street Journal.

0:28.8

The crypto winter began to set in about a year ago.

0:32.3

The value of many cryptocurrencies fell.

0:35.0

Legislation to regulate the industry has been put on the back burner by lawmakers

0:39.8

and some of the biggest businesses in the sector have gone under.

0:43.8

But the crypto industry is in debt.

0:46.8

At least that's what supporters say.

0:49.0

At this year's Tech Live, financier Anthony Scaramucci and crypto compliance advocate Charlie Shrem

0:55.4

shared their thoughts on the opportunities and pitfalls facing crypto investing right now.

1:01.3

We'll have highlights from that conversation coming up later in the show.

1:09.5

But first, the federal government's last scheduled witness in its landmark anti-trust trial

1:15.8

against Google finished testifying this week.

1:19.2

The Department of Justice has focused on Google's deal with Apple

1:23.2

that made it the default search engine on iPhones and other devices.

1:27.8

Our legal affairs correspondent, Jan Wolfe, says the case is shed light on how rival Microsoft

1:33.0

has been fairing in the competition over search.

1:35.8

Microsoft makes bang and they want to take on Google in search.

...

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