With Bitcoin leading the downward spiral of crypto currency values, Ranson and Tony take a look at the factors which have contributed to the rollercoaster ride in the crypto market. In recent weeks, crypto mining has come under increasing scrutiny amidst revelations of its massive energy consumption and negative impact on the environment and China is taking significant measures to curb crypto mining and have already shutdown a number mining regions within the country. Our hosts also examine the role Tesla played in the valuation of bitcoin and look to one country in seeking to make bitcoin legal tender.
Links:
China’s focus on cryptocurrency: https://www.cnbc.com/2021/06/22/china-crypto-crackdown-wipes-nearly-300-billion-off-market-btc-slides.html
El Salvador wants bitcoin to become legal tender: https://www.bbc.com/news/business-57507386
This podcast is for informational purposes only and is not intended to replace professional legal, financial or insurance advice. We are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. The content and views expressed are those of the host and guests.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.