This Week on Unchained: SBF's Detention, Bitcoin in Africa, 'Zombie Exchanges,' and More!
Don't miss this week's content!
Educator Anita Posch has spent months on the ground in Africa onboarding new users into the world of Bitcoin. In the West, bitcoin may seem extraneous; but in her telling, bitcoin in Zimbabwe, Zambia, and other African countries is essential. “Bitcoin can be one of the solutions for people who are disempowered, who are outlawed, the misfits,” says Posch. “Bitcoin is for them because no one can take it away from you.”
Lawyer Brian Klein joins the show to explain why Sam Bankman-Fried being locked up makes it “much tougher” for his legal team. This week, the judge presiding over the case said SBF went too far in attempting to intimidate key witnesses – chief among them former Alameda Research co-CEO (and ex-flame) Caroline Ellison. Will a jail cell change SBF’s defiant tune ahead of a hotly anticipated October trial date? Klein weighs in.
On the Pod…
This week, Wintermute CEO Evgeny Gaevoy joins the show to discuss market making when the crypto markets are quiet. Plus, an analysis of Base’s prospects following a surge of early interest.
Also: Do you think bank fraud is going to run rampant in the AI era?
In Case You Missed It 👀
US SEC Nears Decision on Ethereum Futures ETFs: Report
The anticipated approval of Ethereum futures ETFs by the SEC would mark a significant development in the crypto market.
SEC Wins Right to File Motion for Appeal in Ripple Case
Judge Analisa Torres granted the SEC’s request to file a motion for leave to file an appeal in the Ripple case, marking a significant turn in the legal battle.
Prosecutors Move to Include Caroline Ellison’s List of ‘Things Sam is Freaking Out About’ Into Evidence Against FTX Founder
The government argued that Ellison’s personal notes are not inadmissible hearsay because they were ways to keep track of issues that could implicate the conspiracy’s success.
Prosecutors Allege SBF Used $100 Million User Funds for Campaign Contributions
A new superseding indictment against the FTX founder includes allegations of violating campaign finance law as part of an existing wire fraud charge.
Silvergate CEO Alan Lane to Step Down Amid Bank’s Liquidation
Silvergate Bank’s CEO and two other key executives will leave their roles amid the firm’s ongoing liquidation proceedings.
Binance to Shut Down Crypto Payments Service
The crypto exchange plans to shut down its payments service Binance Connect on Aug. 16.
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Crypto Rug Pulls: What Are They & How to Avoid Them
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Bitcoin ETFs Explained: What Are They & How Do They Work?
Learn more about Bitcoin ETFs and how they make it easier for investors to invest in Bitcoin without actually owning the cryptocurrency.
What Are Discreet Log Contracts (DLCs) & What Do They Bring to Bitcoin?
DLCs provide a way for private and secure transactions to occur off-chain, using the Bitcoin blockchain as the final settlement layer.
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