What's next on crypto's chopping block?

Equity

TechCrunch

Business, News, Technology, Business News, Entrepreneurship

4.2 • 372 Ratings

🗓️ 28 November 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It's me! Hi! (I'm not the problem, just the podcast's host, here to bring you the latest greatest in startup and tech news this fine Monday morning). Welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. And for those of you who hummed the first sentence of this post, extra points to you. I'm starting things off this week as a test run before Alex heads on paternity leave. We have lots to get to, so shake off the holiday feels and let's remember how this ecosystem works? Here's what we got to: The markets are broadly down, due to COVID-19 protests breaking out in China. Blockfi filed for Chapter 11 bankruptcy. Our crypto reporter Jacquelyn Melinek has more on what happened - and she explains just how intertwined this universe is. I'll also get to notes I took from our recent crypto conference and how the reality may be looking like Web 2.5 before it looks like Web 3.0. We also talk about Amazon's three-pronged retreat, and the common thread of India between them all. After that, some good news from all-women led venture firm Pact and its debut fund. More funding for climate startups, please. Tim keeps writing about really cool ones. We end with a note on Pipe, a $2 billion fintech that announced all of its co-founders are stepping down from their roles last week. Soon after that decision was announced, rumors and allegations began flying about tensions under the hood at the fintech. Mary Ann Azevedo has the story and keep reading the site today for the follow up. As I said on Twitter, on one end, when three founders step down in a single moment, people are undoubtedly going to talk and worry (out loud) about the stability of the company. That was fun. Thanks for letting me spend a bit of your Monday with you. More to come! You can follow me on Twitter @nmasc_ or on Instagram @natashathereporter. Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together, and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and
0:13.0	welcome and welcome back to Equity, the Tech Crunch podcast where we unpack the numbers and
0:15.3	nuance behind the headlines.
0:16.7	Happy Monday, it is November 28th, 2022, and I'm Natasha Masquerainis,
0:21.4	taking over for Alex before he jumps on paternity leave.
0:24.8	So get used to me he will be back a little bit more before he officially signs off, but we're
0:29.0	going to be hanging out a lot for the rest of the year.
0:31.8	It is Monday after a holiday weekend,
0:33.5	but I'm surrounded by flowers, plants, candles,
0:35.7	and a cat in the background.
0:37.4	So it's gonna be a great day.
0:38.8	Stick with me and let's jump into the week ahead.
0:41.0	Let's jump into markets because that's been a super boring
0:46.9	and predictable storyline this year. Global markets fell today after protests
0:51.6	broke out in China against COVID-19 restrictions.
0:55.0	So of course you won't be surprised to hear that the Asian stock market opened broadly
0:59.2	lower as well as the European markets.
1:01.6	Pivoting domestically for one second, we're seeing a similar story. So the
1:05.2	S&P 500, the Dow Jones, and the NASDAQ all were off by a little less than 1%.
1:11.2	That's all per Yahoo Finance.
1:12.8	And let's quickly touch on crypto,
1:14.9	even though we're going to be getting to it later in the show.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from TechCrunch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of TechCrunch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.