WeChat vs. Bitmain
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 September 2018
⏱️ 12 minutes
🧾️ Download transcript
Summary
Interstellar is born. The long-awaited union of Chain and Lightyear.io has delivered a new company.
-AND-
The WeChat crackdown on cryptocurrency-related accounts continues! This week’s victim: mining giant Bitmain.
-ALSO-
More stablecoins! No fewer than two companies announced new crypto tokens pegged to the US dollar.
-DON’T MISS-
CoinDesk’s Brady Dale joins host Bailey Reutzel to discuss new information about BitTorrent’s acquisition by Tron founder Justin Sun.
Recorded September 10, 2018 in New York, NY.
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Transcript
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| 0:00.0 | Chain, the blockchain startup backed by Visa and NASDAQ, has been acquired by a company building on the Stellar Protocol. |
| 0:08.4 | Good evening. I'm Bailey Reitzel, and this is late confirmation from CoinDesk, bringing you the top stories from September 10, 2018. |
| 0:17.4 | Social messaging app, WeChat continues to block cryptocurrency-related accounts. |
| 0:22.4 | This time, they've blocked mining giant Bitmain's channel. |
| 0:25.5 | And stable coins are everywhere. |
| 0:27.8 | In line with the growing interest in crypto tokens where the price doesn't fluctuate, |
| 0:32.9 | two new stablecoin projects have emerged. |
| 0:35.7 | And we'll finish up today's podcast by speaking with |
| 0:38.0 | CoinDest reporter Brady Dale about the companies that were aiming to buy BitTorrent before |
| 0:42.8 | Tron did. There were a few other companies that were either considering offers or were just |
| 0:48.7 | approached. But first, a word from our sponsor. Master Financial Technology online with the 10-week Oxford Fintech program. |
| 0:58.0 | Interacting with an international cohort of business leaders and over 60 guest experts. |
| 1:03.6 | You'll gain a practical introduction to key financial technologies and their business applications. |
| 1:09.0 | Find out more at Oxfordexecfintech.com. |
| 1:14.4 | A long-awaited alliance was just now announced this morning. Lightyear.io, a startup building |
| 1:20.4 | on the Stellar Protocol, bought business blockchain startup chain, and through that purchase, a new |
| 1:25.1 | company called Interstellar will be created. |
| 1:32.8 | Chain has been relatively successful in its pursuits, raising more than $40 million, securing a partnership with Visa, and hiring a top manager from Goldman Sachs as its president. |
| 1:38.2 | But now, with the acquisition, Chain seeks to broaden its reach from a private blockchain |
| 1:43.0 | provider to, quote, a chain that anyone |
| 1:45.9 | could access, end quote. And that's from the company CEO, Adam Ludwin. Lightyear's team, in turn, |
| 1:52.1 | has been looking for a link to institutions that could help commercialize their work. |
... |
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