THE HASH: Cathie Wood Says U.S. Is 'Losing' the Bitcoin Movement; Crypto’s Fentanyl Trade Worth Tens of Millions

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4.7 • 698 Ratings

🗓️ 24 May 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Wednesday, May 24, 2023. This episode is sponsored by Ciphertrace. "The Hash" hosts weigh in on the biggest stories shaping the crypto industry today, including ARK Invest founder Cathie Wood says the U.S. is 'losing' the bitcoin movement due to regulation. This comes as Elon Musk offers a warning about dogecoin. Separately, TRM Labs notes that attacks on token protocols and crypto projects dropped 70% in Q1 2023 compared to the same period last year. And, new research from both Chainalysis and Elliptic have put a number on how much fentanyl trade is done in crypto. See also: U.S. Is 'Losing' the Bitcoin Movement: Cathie Wood Cathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It? Attackers Left Empty-Handed as Crypto Hacks Drop 70% in Q1 2023 Crypto Hacks Are Down and Hackers Tend to Return Stolen Money: TRM Labs Report Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers - Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com. - This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of The HASH is sponsored by CipherTrace, a mastercard company.
0:12.0	This is the HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more.
0:19.9	All on the H Hash for your ears.
0:23.2	You're listening to the CoinDesk Podcast Network.
0:29.4	Hey there. Welcome to CoinDest TV.
0:31.8	You are watching The Hash.
0:33.4	I am Zach Seward.
0:34.5	We got Jen Sanassie.
0:35.7	We got Will Foxley. We're going to go talk about some
0:39.9	crypto news and you're going to like it. We're going to start with Will. What's going on?
0:43.9	Well, I don't know if he'll like this story, but yeah, it's okay. Good intro still.
0:48.3	Kathy Wood is talking about Bitcoin right now and saying that the U.S. is not super friendly,
0:53.5	even in the wake of FCX. In response, too, she's saying that the US is not super friendly, even in the wake of
0:54.3	FCX and responses to her, she's saying that Bitcoin performed well against the backdrop of the
0:59.2	banking crisis, but Bitcoin itself is not being warmly receptive by a lot of regulators.
1:06.0	Also have a little Elon Musk tagline in here, a little wamo combo this morning for your meme coin investors.
1:12.0	Elon saying, don't put all your money. Don't put the farm on Dogecoin. Just be responsible
1:18.1	investor. Why are people talking about all of crypto again? Well, I think it really just comes
1:22.2	down to like the banking crisis we saw the first few weeks of this year. And now Bitcoin is
1:26.6	back on the rise. People are interested again. So we're getting some nice taglines from Kathy Wood and Elon Musk this morning.
1:32.8	Jay going to throw the story over to get your thoughts on it. Wombo combo. Well, you know,
1:37.4	I've been saying for the past two weeks that Bitcoin is having its day in the sunshine.
	...

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