Operating as usual
160,000 Robinhood traders now own Hertz stock
https://blockworksgroup.io/blog/this-is-what-caused-hertz-to-pump-890-in-two-weeks
Hertz filed for bankruptcy on May 22. Two weeks later, its stock is up 890%. Even 2017 crypto traders look at this number with envy. It’s not just Hertz though. The entire stock market has lost the plot. The reason Hertz’s stock price rose 890% in two weeks is because retail traders open Robinho...
CBDCs are a direct threat to your privacy.
We believe that while CBDCs are one of the most important monetary innovations since Bretton Woods, they also have the potential to be the most dangerous.
CBDCs improve our antiquated ACH payment system at the price of privacy, control, & surveillance.
With CBDCs, the gov. can block your transactions if you attend a protest.
Or worse, they can shut down your bank account if you post on social media in favor of the protests.
https://blockworksgroup.io/blog/central-bank-digital-currencies-are-a-threat-to-your-privacy
With Central Bank Digital Currencies in place, the government will block your transactions if you attend a protest. Or worse, they’ll shut down your entire account if you post on social media in favor of the riots. Central Bank Digital Currencies improve our antiquated ACH payment system at the pr...
The best virtual events guide is here 👏
https://blockworksgroup.io/blog/the-complete-2020-guide-to-virtual-crypto-and-blockchain-events
Everything you need to know about 2020’s best crypto, Bitcoin, blockchain, and digital asset virtual events. Whether you’re a marketer looking to a sponsor an event or a conference-goer looking to attend events, we’re here to help you navigate the virtual event scene. Here are the top crypto a...
This pandemic will end higher education as we know it.
Agree or disagree? 🤔
This Wednesday at 12:00pm EST join Mark Yusko and John Pfeffer as they discuss the Federal Reserve and the great monetary expansion.
You do NOT want to miss this.
Thanks to BitGo, Inc. for making this series possible.
Register below 👇
https://blockworksgroup.io/hash-it-out-webinar-one
Central banks have engaged in an unprecedented wave of monetary stimulus to combat the effects of COVID. In the US, the Federal Reserve has promised "unlimited QE."
It’s been a tremendous year for the Digital Currency Group.
Grayscale Investments has accelerated its lead as the largest asset manager in crypto, with over $3.8B in AUM.
Genesis Global Trading just acquired a custodian (Vo1t Digital Custodian) in their race to become the leading crypto prime brokerage.
CoinDesk is coming off a virtual conference where 22,000 people registered.
And the venture fund continues to deploy capital at an impressive rate.
Despite its status as the largest investment company in the crypto space, not much is known about DCG.
How did this behemoth of a business start?
What are its plans for world domination?
One clue for DCG’s future can be found in a speech by founder Barry Silbert at the Money 20/20 conference in 2015: “We are building the Berkshire Hathaway of digital currencies.”
The following piece will break down DCG’s business model to see if it really is poised to become the Berkshire Hathaway of digital assets.
https://blockworksgroup.io/blog/digital-currency-group-dcg-berkshire-hathaway
Grayscale has accelerated its lead as the largest asset manager in crypto, with over $3.8B in AUM. Genesis just acquired a custodian (Vo1t) in their race to become the leading crypto prime brokerage. CoinDesk is coming off a virtual conference where 22,000 people registered. And the venture fund con
Joe. F**king. Rogan.
To fully explain why this story is so significant we've broken it down into three parts:
1. Breaking Down the Joe Rogan Empire
2. Joe Rogan vs Spotify – Who Got the Better Deal?
3. Spotify’s Endgame and the Coming Platform Wars
https://blockworksgroup.io/blog/joe-rogan-spotify
Spotify struck an exclusive licensing deal with Joe Rogan worth at least $100 million dollars for his podcast, the Joe Rogan Experience. Starting on September 1st, full episodes of the Joe Rogan Experience will now exclusively be available on Spotify. $100 million dollars is a lot of money, but w
BlockWorks Group and BitGo have partnered to bring you #HashItOut, a 6-part webinar series that will explore the changing role of the Federal Reserve and the great monetary expansion we are all playing witness to.
Economic carnage from the COVID epidemic has forced central banks into taking swift, historically unprecedented action around the globe.
Our first conversation will cover the actions different central banks are having, how they are impacting global financial markets, and where investors should look for yield in today's macro-climate.
Come hear Mark Yusko and John Pfeffer Hash It Out 🥊
https://blockworksgroup.io/hash-it-out-webinar-one
Central banks have engaged in an unprecedented wave of monetary stimulus to combat the effects of COVID. In the US, the Federal Reserve has promised "unlimited QE."
The two largest actors in the US economy are the government and the central bank (the Federal Reserve).
The government collects taxes and spends that money on goods and services that benefit U.S. citizens.
The Fed is separate from the U.S. government, and has a different role in the economy.
Loosely speaking, the Fed’s purpose is to provide the U.S. with a safer and more stable monetary and financial system.
There is a very good reason that these two entities are kept separate (more on this later).
The Fed relies on two key levers to achieve their objectives:
1. Controlling short term interest rates (by setting the Federal Funds Rate)
2. Printing money (only the Fed is allowed to do this)
https://blockworksgroup.io/blog/separation-between-fed-and-treasury-vanishing
When Carter Glass wrote the Federal Reserve Act in 1913, he did so with one objective in mind: how to keep the US from becoming a Banana Republic. 106 years later, in the teeth of one of the most significant crises the US has ever faced, it looks like we’ve forgotten our history.
The Basic Math Behind the Unemployment Reports Shows a Dark Future Ahead...
The average week-over-week decline in new unemployment claims is about 13%.
Jay Powell said on May 14th that he expects unemployment to peak in one or two months, so let’s assume that claims keep coming in for 6 more weeks (ending June 26th).
If those assumptions are correct, by the end of June there will be roughly 45 million unemployed Americans, which lines up with Goldman’s estimates.
If we recover those jobs at the same rate as we did after the GFC (1.35 million per year), we will achieve 2019 levels of employment in 33 years, or by 2053.
That number should scare everyone.
Even if jobs come back TWICE as fast as they did after the GFC because most people are furloughed, that’s still over 16 years!
https://blockworksgroup.io/blog/25-percent-of-us-jobs-vaporized
The Bureau of Labor Statistics just released its jobs report for the week ending in May 9th, and it’s bad. US unemployment is officially at almost 15%, but Goldman thinks it will go to 25%. We are now at a total of 36.5 million jobs lost since March. Politicians might lie, but numbers do not. Th
We aren’t in Babyolonian or Roman or even colonial times.
We are living in the era of globalization.
The Global Financial Crisis proved that small, relatively obscure pockets of the market could have vast, unforeseen ripple effects capable of bringing the entire global financial system crashing down.
A default from the world’s largest, most creditworthy issuer of debt is more than unthinkable.
It would not be allowed to happen, not because of how damaging it would be to the United States, but how much pain it would cause everyone else.
In a sense, the US has already won then.
https://blockworksgroup.io/blog/us-will-never-pay-back-its-debts
Nancy Pelosi unveiled her plans for a new $3 trillion stimulus bill, which would bring the grand total of fiscal stimulus to almost $6 trillion. The national deficit is swelling to almost $30 trillion and accelerating by the year, so why do global investors continue to pour their wealth into US debt
Warren Buffett has found a new competitor for himself: the Federal Reserve.
The Oracle of Omaha hosted a virtual shareholders meeting two weeks ago, and there were some interesting takeaways:
1. Buffett isn't buying right now
2. He's selling airlines (again)
3. The Fed's asset purchasing programs have thrown a wrench in Berkshire's opportunity set
The implications for what the Fed is doing go beyond just Buffett to the very roots of capitalism.
Click the blog to hear our thoughts 👇
https://blockworksgroup.io/blog/warren-buffett-has-a-new-competitor
Warren Buffett is one of the most famous value investors of his generation. His formula has been simple - be greedy when others are fearful, and fearful when others are greedy. The fear and economic carnage caused by COVID-19 is exactly the type of market Buffett likes to get involved in, but now
The Dollar's Reserve Status...
Why it's bad for everyone, especially the United States.
https://blockworksgroup.io/blog/the-dollars-reserve-status
The Dollar's Reserve Status: Why it's Bad for Everyone, Especially the US.This poses a problem for emerging markets that have trouble affording US dollars. Just to have the ability to trade in global markets, disadvantaged countries must first accumulate some of the world’s most expensive debt.
"This time is different" are the four most dangerous words in investing.
For Bitcoin's recent rally though, this might just be the case.
What makes this rally different from any of Bitcoin's past run ups?
We might finally, after all these years, be seeing an institutionally driven run up.
We've been promised this before, so everyone reading should absolutely be skeptical.
At BWG, we're sharing our thoughts about why this might be the case.
And no, it doesn't have to do with "money printer go brrr," or even Paul Tudor Jones buying Bitcoin.
For us, it's all about derivatives.
https://blockworksgroup.io/blog/the-bitcoin-bull-run-why-this-time-is-different
Suddenly whether or not criminals use Bitcoin or how it works or what it’s based on doesn’t matter quite as much. This is just another derivative based on a commodity that they’re speculating on - who cares that the underlying asset is.
BlockWorks Group's cover photo
BlockWorks Group's cover photo
Net worth: $5,100,000,000
You wanted institutions?
Here come the institutions.
Paul Tudor Jones, one of the most famous hedge fund managers of all time, just bought Bitcoin.
His reasoning: it’s a great hedge against monetary inflation.
Venture Unplugged: Muneeb Ali on @blockstackpbc
Will you be joining us next week in Chicago for CoinAlts Fund Symposium 2019?
What Grinds My Gears: Mesh Much? Telecommunications, Topology, and Tokens.
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#Crypto #blockchain #podcast #investing #bitcoin #ethereum #BTC #ETH #XRP #token #airdrop #inspiration #instagood #venturecapital #finance #vc #hodl #money #instadaily #currency #exhange
Untold Stories with @cshrem - Moe Levin founder of the Bitcoin Conference
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#bitcoin #ethereum #BTC #ETH #XRP #crypto #blockchain #podcast #investing #token #airdrop #newyork #cryptomemes #offthechain #coindesk #coinbase #markets beg5 #hodl
Untold Stories with Charlie Shrem - Taylor Monahan, Founder of MyCrypto.com, Dives into Crypto’s Evolution and the Quirky People in the Space
This week’s Untold Stories delves into MyCrypto.com and coming features with founder Taylor Monahan.
We cover a lot of ground on tech, privacy, crypto corporate culture and other topics you won’t want to miss, like
Taylor’s take no prisoners approach to life
Why your Uber driver might be a CEO
The true measure of success — and failure
Taylor’s dream job and Charlie’s all time favorite job
Haseeb Qureshi, Advisor to Metastable Capital: The Smart Contract Wars of Crypto’s Future
BlockWorks Group's cover photo
Reasons to go to the 1st annual Crypto Christmas 🎄
1. Anthony Pompliano will be there
2. We all need a drink and some holiday cheer with this
bear market blues 🍾🎉
3. It's free
Bonus - You may get to see club owner Jay-Z
40/40 Club on December 19th
Register here: http://bit.ly/2DZXQvQ
Blockworks Group and Off the Chain present the 1st Annual Crypto Christmas Party on December 19th at Jay Z's world famous 40/40 club in NYC. Come join the biggest entrepreneurs and fund managers in crypto as we celebrate the decentralized future.
BlockWorks Group's cover photo
BlockWorks Group
Excited to share that our own Riley Silbert was featured in a new article written by Wendy Glavin for CommPro
This gives a great landscape of blockchain and cryptocurrency while showing how the technology can and will be used 👏🏼👏🏼👏🏼
🔗 https://hubs.ly/H0fpDn-0 🔗
In 2008, the first blockchain application was bitcoin, a private cryptocurrency or a digital coin which was introduced by Satoshi Nakamoto in a revolutionary whitepaper Bitcoin: A Peer to Peer Electronic Cash System.
Forget all the hype.
Forget all the buzzwords.
Forget all the pseudo-intellectuals, all the Linkedin crypto experts, and all the lambos.
Whether you've been interested in blockchain for 10 years or 10 minutes, this episode of Off The Chain "becomes the de facto episode you can send to people when they ask “What is BitCoin, and why is it important?”
Give it a listen, share with a friend, and let us know your thoughts!
Murad Mahmudov is one of the highest conviction Bitcoin Maximalists in the world. In this conversation, Murad and Anthony Pompliano discuss what Bitcoin is, ...
🤯🤯🤯 The Ultimate Bitcoin Argument
Murad Mahmudov is one of the highest conviction Bitcoin maximalists in the world
In the conversation, Murad and Anthony "Pomp" Pompliano discuss
🔹 What Bitcoin is
🔹 How it works
🔹 The importance of its deflationary system
🔹 Why all fiat currencies are doomed to fail
🔹 How institutions should be thinking about Bitcoin
🔗LINK TO EPI IN FIRST COMMENT🔗
#bitcoin #crypto #podcast #offthechainpodcast
Frauds and Scams and Bear(markets) - Oh My!
Sometimes this world can be a scary place and its important to take a second, step back, and enjoy a good laugh.
Here is a piece we wrote to try and help that little break 😉
The 10 Types of People At a Blockchain Event
🔗https://hubs.ly/H0fkt5w0🔗
If you don't know who they are, it's probably you.
💣 Franky Scoops x Off The Chain
Frank Chaparro is a crypto-Journalist currently at The Block, a global community for Crypto enthusiasts. He previously covered the intersection of Crypto and Wall Street in Business Insider
BlockWorks Group's cover photo
BlockWorks Group's cover photo
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2020 would be fun, they said.
💣 Franky Scoops x Off The Chain Frank Chaparro is a crypto-Journalist currently at The Block, a global community for Crypto enthusiasts. He previously covered the intersection of Crypto and Wall Street in Business Insider
Segment from an episode of our podcast "Off The Chain"
Heres a clip from our recent event on regulation and compliance
An excerpt from our podcast "Off The Chain"
An excerpt from our podcast "Off The Chain"
Missed our last event? Watch this 1min video to find out what happens at a BWG event. * hint: there's sushi! * Thanks to MIMIR Blockchain Solutions, MadHive, and Crescent Crypto for speaking and to Applied Value for sponsoring the event. For more info on future events, visit our website or message us. See you all at our May 10th event!
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