The equivalent of an earthquake jolted the crypto world this week:  Binance, the world’s largest cryptocurrency exchange, announced and then quickly reversed a proposal to buy out rival exchange FTX, which was reportedly facing a liquidity crisis and on the brink of collapse.  

The companies are each owned by two of the most well known CEOs in crypto: Sam Bankman-Fried at FTX, who has been touted as crypto’s version of legendary banker J.P. Morgan, and Binance CEO Changpeng Zhao, known as  “CZ.” 

Meanwhile, Bloomberg reported that US authorities, including the Securities and Exchange Commission, are reviewing FTX for improper use of customer funds. Bloomberg’s senior crypto editor Philip Lagerkranser updates this moving story with fellow Bloomberg senior crypto editor Anna Irrera in this episode.

The equivalent of an earthquake jolted the crypto world this week:  Binance, the world’s largest cryptocurrency exchange, announced and then quickly reversed a proposal to buy out rival exchange FTX, which was reportedly facing a liquidity crisis and on the brink of collapse.  
The companies are each owned by two of the most well known CEOs in crypto: Sam Bankman-Fried at FTX, who has been touted as crypto’s version of legendary banker J.P. Morgan, and Binance CEO Changpeng Zhao, known as  “CZ.” 
Meanwhile, Bloomberg reported that US authorities, including the Securities and Exchange Commission, are reviewing FTX for improper use of customer funds. Bloomberg’s senior crypto editor <a href="https://www.bloomberg.com/authors/AC6jpxwTIuU/philip-lagerkranser">Philip Lagerkranser</a> updates this moving story with fellow Bloomberg senior crypto editor <a href="https://www.bloomberg.com/authors/AV1n_B5JKYc/anna-irrera">Anna Irrera</a> in this episode.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Bloomberg Crypto

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority. In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

What Binance’s Axed FTX Buyout Means for the Cryptoverse

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ced6b3bd-2c75-4adb-99e1-af4a000c9fe6/transcript

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