THE HASH: Bitcoin Tumbles Below $22K; and Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 19 August 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Friday, Aug. 19, 2022.
"The Hash" team discusses that bitcoin (BTC), the biggest cryptocurrency by market cap, is falling to its lowest price since July 27. Plus, Singaporean crypto lender Hodlnaut discloses massive layoffs and pending “police proceedings” in a Friday blog post.
See also:
Market Wrap: Bitcoin's Price Retraces Again, Breaks Below Trendline
Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’ and Job Cuts
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.0 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world. |
| 0:17.4 | All on the hash for your ears. |
| 0:20.5 | You're listening to the Coin Desk Podcast Network. |
| 0:25.7 | Hey, welcome to the hash. |
| 0:28.0 | If you're watching us here on Coin Desk TV, Jen is shaking her head because she dictated |
| 0:31.8 | that today was pink day. |
| 0:33.4 | We're trying our best, except for Adam, who is wearing blue. |
| 0:36.0 | That's Adam B. Levine right there, Jensen Asi, still shaking your head. |
| 0:39.6 | And Sondli Honda Gama joining us with some kind of pink. |
| 0:42.9 | Jen, does Sondley at least check out? |
| 0:45.5 | I mean, Sondley is doing the best out of the three of you, but I must say, my cops are blue. |
| 0:50.9 | So like, it could be pink and blue day today. |
| 0:53.9 | Look at this madras. Yes. You did a good job, Zach. We did the best we could. |
| 0:59.0 | We did the best we could. Apologies. All right. Well, we're very cheery, but the markets are not. |
| 1:04.2 | Things down bad this morning. Adam is going to tell us about that. Yeah, thanks, Zach. So today, as |
| 1:09.1 | Zach said, we are kicking things off with market action, which is in short, bad, really bad. Yeah, thanks, Zach. So today, as Sacks said, we are kicking things off with market action, |
| 1:11.8 | which is in short, bad, really bad. Yesterday saw the biggest single day decline in two months |
| 1:17.3 | for the top token and marked a continuation of the five-day downtrend that began after the |
| 1:21.1 | price of Bitcoin top $25,000 on the 14th. And this isn't just limited to Bitcoin. Ether also dropped by more than 9% in the past 24 |
| 1:29.6 | hours and other top traded tokens like Ripple are showing double-digit losses. The catalyst behind |
| 1:34.4 | the move, at least from what I can tell, is the increasing recognition that the U.S. Central Bank may |
... |
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