This episode is sponsored by Nexo, Abra and FTX US.Download this episodeThis week’s “Long Reads Sunday” reading is Max Baucus’ “The Urgent Need for Regulatory Clarity on Stablecoins.”See also: Strike App Won’t Support Bitcoin in Argentina“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and … [Read more...] about A Former US Senator and Ambassador to China on the Need for Stablecoin Regulation
Ambassador
Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
By approving bitcoin as legal tender and announcing plans to build a “Bitcoin City,” El Salvador is one step ahead of everyone else in pushing the mainstream adoption of bitcoin, and that seems to be a threat to other countries, including the United States, according to Milena Mayorga, El Salvador’s ambassador to the U.S. Source link … [Read more...] about Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
MLB Sensation Shohei Ohtani Becomes FTX’s Newest Brand Ambassador
Major League Baseball phenom Shohei Ohtani is joining FTX as its newest brand ambassador, the company announced Tuesday.Ohtani’s compensation for the deal will be paid entirely in cryptocurrency and FTX equity, according to a report from CNN.The deal with the Los Angeles Angels’ ace and MVP frontrunner is just the latest of the exchange’s many sports-related sponsorships inked … [Read more...] about MLB Sensation Shohei Ohtani Becomes FTX’s Newest Brand Ambassador
Crypto’s fraught relationship with Elon Musk: Ambassador or liability?
When Tesla CEO Elon Musk revealed his company’s Bitcoin (BTC) exposure and announced the launch of crypto payments, BTC took off to reach its all-time high. Shortly thereafter, however, Musk started tweeting about concerns over BTC’s environmental impact and Tesla reversing its crypto payments policy, leading to Bitcoin losing half of its value and the entire crypto market … [Read more...] about Crypto’s fraught relationship with Elon Musk: Ambassador or liability?