THE HASH: DCG Company Genesis Cuts 20% of Staff Amid Crypto Winter, and Colombia Explores CBDC to Combat Tax Evasion
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 August 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Wednesday, Aug. 17, 2022.
"The Hash" team takes a closer look at the layoffs happening at crypto broker Genesis Global Trading owned by Digital Currency Group, which is also Coindesks’ parent company, amid the market downturn. Plus, Columbia's potential central bank digital currency (CBDC) strategy in an attempt to fight tax evasion.
See also: Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits
Colombia Explores Creating a CBDC to Combat Tax Evasion
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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas
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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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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. |
| 0:17.3 | All on the hash for your ears. |
| 0:20.4 | You're listening to the Coin Desk Podcast Network. |
| 0:26.1 | Hello, everyone. |
| 0:27.7 | Welcome to Wednesday Red Day on The Hash. |
| 0:31.5 | Everyone listening to us on the Coin Desk podcast Network, you don't get to enjoy the |
| 0:36.6 | vibrant that the people who are watching us on |
| 0:39.4 | Coin Desk TV get to see today. I'm Jen S. You on today's show. We have Wendy O, Zach Seward, |
| 0:45.0 | and Adam B. Levine, who apparently doesn't know what read it. Terracotta is red. It's a thing. |
| 0:51.5 | That is brown. You're wearing a brown shirt, sir. |
| 0:55.9 | I think Zach is wearing orange. |
| 0:57.5 | This is purple. |
| 0:58.7 | I don't know what you guys are talking about. |
| 1:00.7 | See, now everybody's just colorblind. |
| 1:01.9 | This is purple, right? |
| 1:02.8 | This is red. |
| 1:03.5 | This is red. |
| 1:04.8 | All right. |
| 1:06.1 | I'll take the first story of the day. |
| 1:07.1 | Let's get to it. |
| 1:08.0 | All right. |
... |
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