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CoinDesk Podcast Network

THE HASH: Mastercard, Binance to End Crypto Card Partnership; Why Meme Coin PEPE Is Tumbling

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 25 August 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

The most valuable crypto stories for Friday, August 25, 2023. "The Hash" explores today's hottest topics in crypto, including Mastercard terminating its partnership with Binance on co-branded crypto card offerings. Republican presidential candidate Vivek Ramaswamy is emerging as a formidable Trump challenger among blockchain bettors. NFT Artist Bobby Lee joins the show to discuss the impact of Web3 on the art world. And, a closer look at why meme coin PEPE is tumbling in the last 24-hours. See also: Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies After GOP Debate, Blockchain Bettors See Ramaswamy as Most Formidable Trump Challenger Weird PEPE Transfers Spook Crypto Investors and Prompt Meme Coin's 15% Plunge 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 is the hash podcast. Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more.

0:15.9

All on the hash for your ears. You're listening to the Coin Desk Podcast Network.

0:23.3

Hey, everybody.

0:24.2

Happy Friday.

0:24.9

Welcome to The Hash.

0:26.3

It's CoinDestTV.

0:27.7

I'm Zach Seward.

0:28.5

That's Jen Sanasi.

0:29.5

We're the usuals.

0:30.2

We've got two special guest stars on the show today.

0:33.0

Sam Kessler, the real Danny Nelson.

0:35.8

Let's do this thing.

0:36.7

How you doing, guys?

0:38.1

Doing well.

0:41.9

It sounded like you were calling me the real Danny Nelson and I was confused.

0:49.4

Well, yeah. My bad. Anyway, forget all that nonsense. Let's talk about Binance. I'm starting this off today. MasterCard ends Binance card partnership in latest blow to crypto giant. A bit dramatic of a

0:56.0

headline, I would say, by CNBC. But I think this is certainly in line with the reputational

1:00.3

risk that is associated with Binance right now. And MasterCard, acting on that reputational

1:06.1

risk is saying, hey, we're not doing those cards in the Middle East and Latin America anymore.

1:09.8

We don't want your name on our product.

1:12.1

So I think it stems from a lot of stuff going on with finance that we've been documenting

1:15.2

over these last few months as regulators worldwide.

...

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