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THE HASH: ‘Move-to-Earn’ App Stepn Suffers Cyber Attack and Elon Musk Threatens to Call Off Twitter Deal

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 6 June 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

The most valuable crypto stories for Monday, June 6, 2022. 

The ‘Hash’ hosts discuss Stepn suffering multiple distributed denial of service (DDOS) attacks following a recent upgrade. Plus, Elon Musk threatens to terminate his $44 billion Twitter deal over a "clear material breach" of the social media company's obligations.

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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.

0:09.3

Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,

0:14.1

with stories that matter to the crypto world, all on the hash for your ears.

0:19.9

You're listening to the Coin Desk Podcast Network.

0:24.6

Hello, everyone. You're watching The Hash on a Monday. I'm Jensen Asi. I'm joined today by

0:31.1

Zach Seward and Sondali Handa Gama. And Zach is going to kick us off today with some exciting news.

0:40.3

Sure, you could call it that.

0:42.3

Let's talk about Steppen, sort of the preeminent move to earn title in the crypto world these days.

0:49.3

Kind of having a rough month. Tocons are down and now we're seeing a denial of service attack on the

0:56.2

platform itself and that's not so good so in the meantime the company is asking users to quote

1:02.0

get some rest rest those feet because you're jogging and you're walking is not going to be rewarded

1:07.7

with tokens for the immediate future.

1:11.0

So yeah, that's that.

1:12.1

That's stepping.

1:13.1

I wanted to zoom out a little bit and talk about this move to earn phenomenon.

1:16.1

These are some shoes.

1:17.1

This is digital shoes that you get and you go around and we have the app and attracts your GPS

1:22.1

and you get rewards depending on how far and how you move and all the speed and all the stuff and it's sort of become

1:28.6

the preeminent sort of move to earn poster child and yet things aren't going so well here in

1:33.8

the early endings of this bear market so let's talk about the latest denial service attack

1:38.2

against step in sandali curious for your thoughts thanks so with the good, I think we're only at the

1:45.1

beginning of these like do normal things to earn money type acts. So as the metaverse grows, I think

...

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