70 min listen
19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)
FromScam Economy
19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)
FromScam Economy
ratings:
Length:
70 minutes
Released:
Jun 17, 2022
Format:
Podcast episode
Description
Crypto critics David Gerard & Amy Castor join Matt Binder on Scam Economy to talk about the "Jenga stack of interconnected time bombs" that is this week's cryptocurrency crash. David and Amy breakdown how the entire crypto space is like a Jenga tower and all it takes is for one rug pull to knock down the stack, how Terra/Luna set the stage for the plunge, what Celsius is and why it was the next piece to take down what was left, what the role crypto exchanges like Coinbase play, why crypto hedge funds like Three Arrows Capital are now floundering, and how Tether, Bitcoin miners, and even Mt. Gox will continue to play a role in crypto's nosedive. Read David and Amy's piece, The Latecomer’s Guide to Crypto Crashing: https://amycastor.com/2022/06/14/the-latecomers-guide-to-crypto-crashing-a-quick-map-of-where-we-are-and-whats-ahead/ - Visit: ScamEconomy.com - Support the show: http://www.patreon.com/mattbinder
Released:
Jun 17, 2022
Format:
Podcast episode
Titles in the series (65)
1: Scam Economy 101: The ABCs of Crypto (w/ David Gerard): Welcome to the Scam Economy: Episode #1 with our first guest cryptocurrency journalist and author, David Gerard. Cryptocurrency? Bitcoin? Ethereum? NFTs? Proof of work? Proof of stake? What does this all mean? David joins host Matt Binder to breakdown everything you need to know about (most of) the basics in the world of cryptocurrency. For more, check out: scameconomy.com by Scam Economy