Podcasts about ftx

Episode 68: Neal & Toby chat about Elon Musk's brain implant company receiving FDA approval for human trials. Would you volunteer to go under the knife for Neuralink? Then, after eluding process servers for months, Shaq gets served during an NBA game at the former FTX arena...ironic isn't it? Next, Starbucks switches its ice cubes and stirs up a debate online. Finally, Memorial Day weekend is here! Neal & Toby have some interesting stats that might help your wallet for the upcoming weekend. Learn more about our sponsor, Brex: brex.com/brewdaily Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice Listen Here: https://link.chtbl.com/MBD Watch Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

“You're basically putting this powder keg together of a situation that's going to be exploding in Q3 and Q4 this year. And so, while I think ultimately it will be good for Bitcoin, it could be quite volatile on the up and the downside”— Arthur HayesArthur Hayes is an entrepreneur and the former CEO of BitMEX. In my first interview with Arthur, we discuss the state of the world at the moment: what happened with FTX, money printing, the coming collapse, debt jubilees, the need to acquire assets outside the system like Bitcoin, good and bad AI scenarios, and a powder keg of issues that'll hit the markets this fall. - - - - Arthur Hayes was the co-founder and former CEO of BitMEX, which was one of the largest crypto exchanges and derivatives platforms. In 2021, its average daily trading volume was over $2 billion. Hayes was famously charged in the southern district of New York for violating the Bank Secrecy Act. He got 2 years probation and a $10 million fine. But Hayes remains an authoritative voice within the crypto and Bitcoin communities. Nic Carter called him “One of the good guys of crypto.” He now has a mission to help spread financial literacy and educate investors, which he does through regular medium posts, columns in leading journals and interviews with podcasters. And, he has a knack for calling the market.In this short interview, we pack in a surprising number of issues: Hayes's investment strategy, and views on crypto and Bitcoin; opinions on the FTX scandal; fragility in the banking sector; historical currency debasements and the inevitability of a coming collapse; the use of debt jubilees to right society; investing in assets that can weather the coming storm; the impacts of AI; and the debt ceiling.- - - - This episode's sponsors:Iris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultUnchained - Secure your bitcoin with confidence-----WBD663 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

Shaq gets served papers in the FTX case while working on the Celtics-Heat series. Police perform a welfare check on Ja Morant because of dumb social media posts. LaVar shares his love for ‘A Star is Born' and Andy Reid rips the new fair catch rule for moving the game closer to flag football. Plus, Brown-Bagging it, the movies 'Splash' and much more on "You In or Out."See omnystudio.com/listener for privacy information.

Today on 2 Pros and a Cup of Joe, Brady had boots on the Panthers wild win over the Hurricanes in the East Finals. Senior NFL Reporter for TheMMQB, Albert Breer gives updates from the NFL Spring Meetings and battle over playing surfaces. Shaq gets served papers in the FTX case while working on the Celtics-Heat series. Police perform a welfare check on Ja Morant because of dumb social media posts.See omnystudio.com/listener for privacy information.

Bitcoin believers gathered in Miami for what organizers say is the world’s biggest annual bitcoin convention, though it was quite a bit smaller than last year. It drew less than half of the 35,000 attendees who went in 2022. Of course, a lot has happened in the crypto world since then. A little disaster called FTX, a crypto-friendly bank failure or two. Not to mention the price of bitcoin has taken a dive, from around $40,000 during last year’s event to about $26,000 this time around. Marketplace’s Meghan McCarty Carino spoke with senior reporter Matt Levin, who was there to take the pulse.

Bitcoin believers gathered in Miami for what organizers say is the world’s biggest annual bitcoin convention, though it was quite a bit smaller than last year. It drew less than half of the 35,000 attendees who went in 2022. Of course, a lot has happened in the crypto world since then. A little disaster called FTX, a crypto-friendly bank failure or two. Not to mention the price of bitcoin has taken a dive, from around $40,000 during last year’s event to about $26,000 this time around. Marketplace’s Meghan McCarty Carino spoke with senior reporter Matt Levin, who was there to take the pulse.

Charlotte Wilder, true journalist, was laughing and crying over her Boston Celtics getting blown out by the Miami Heat. Then, Jessica shares her first ever F1 second, we question Peyton Manning's fandom, and Shaq being served by FTX. Plus, Dave Zirin, the author "Jim Brown: Last Man Standing," joins us to discuss the life and legacy of Jim Brown. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nic and Matt return for another week of news and deals. In this episode:  Nic and Matt reminisce on the Bitcoin Miami conference Ripple wins a key victory over the SEC in the Hinman test Texas passes a proof of reserve bill The SEC alleges that Filecoin is a security  What's the deal with Worldcoin?  How biometrics and blockchain can help with AI  Regulating AI Tether is buying Bitcoin John Ray is trying to claw back more funds Is Michael Lewis an innocent bystander in the FTX situation? Sponsor notes:  Coin Metrics STATE OF THE NETWORK - Market Liquidity Review The current market environment for digital assets is characterized by complexity, owing to the presence of regulatory uncertainty, an onslaught of exogenous macro events, and continued shifts in the preferred exchange venues among traders. In this edition of State of the Network, the Coin Metrics team zooms in on essential trading volume & market data trends to contextualize the current crypto market environment.

Join me today for Episode 729 of Bitcoin And . . . Topics for today: - Circle runs away from US Treasuries - Ledger eats even more foot - Azteco's $6 Million raise from Dorsey et. al. - FTX suing its former chief - Bitcoin and Family Values - More states seek CBDC ban - Greyscale runs away from ETH futures #Bitcoin #BitcoinAnd #BTC Stay at Aspenwood this summer! https://www.vrbo.com/1990106 Colorado Hunting Season Dates Website: https://cpw.state.co.us/thingstodo/Pages/BigGameDatesandFees.aspx Articles: https://www.coindesk.com/business/2023/05/17/usdc-issuer-circle-moves-87b-to-repo-agreements-to-protect-reserves-from-us-government-default/ https://www.coindesk.com/business/2023/05/18/ledger-continues-to-defend-recovery-system-says-its-always-technically-possible-to-extract-users-keys/ https://www.linkedin.com/posts/azteco_azteco-bitcoin-vouchers-activity-7064933674844057600-aer-/ https://cointelegraph.com/news/ftx-leadership-sues-sam-bankman-fried-over-deal-made-prior-to-bankruptcy https://bitcoinmagazine.com/business/lightspark-introduces-lightspark-wallet-sdk https://cointelegraph.com/news/grayscale-bitwise-ether-futures-etf-plans-sec-update - https://www.cnbc.com/futures-and-commodities/ - https://bitinfocharts.com/ - https://bitcoin.clarkmoody.com/dashboard/ - https://mempool.space/ - https://fountain.fm/charts https://bitcoinnews.com/family-values/ https://decrypt.co/140505/ron-desantis-banned-cbdcs-in-florida-these-states-could-be-next https://cointelegraph.com/news/sec-filecoin-is-security-grayscale-investors https://www.coindesk.com/business/2023/05/18/us-bitcoin-corp-to-host-150k-crypto-mining-rigs/ https://decrypt.co/140520/ledger-recover-competitors-trezor-cold-card-blockstream-jade Find me on nostr npub1vwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eq2qzugd (npub) 6389be6491e7b693e9f368ece88fcd145f07c068d2c1bbae4247b9b5ef439d32 (Hex) StackerNews: stacker.news/NunyaBidness Podcasting 2.0: fountain.fm/show/eK5XaSb3UaLRavU3lYrI Apple Podcasts: tinyurl.com/unm35bjh Instagram: instagram.com/bitcoin_and Mastodon: noagendasocial.com/@NunyaBidness Support Bitcoin And . . . on Patreon: patreon.com/BitcoinAndPodcast Find Lightning Network Channel partners here: https://t.me/+bj-7w_ePsANlOGEx (Nodestrich) https://t.me/plebnet (Plebnet) Music by: Flutey Funk Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

In this intriguing episode of Tech Talks Daily, I sit down with Eric McDonald, the dynamic CEO of CoinLion, a platform simplifying cryptocurrency investments. With a rich history in tech entrepreneurship, including 19 years as the Founder and CEO of DocuTAP, Eric now channels his expertise into making crypto trading accessible to all. Join me as Eric shares his journey from leading DocuTAP, an urgent care software company, through explosive growth, multiple fundraising rounds, acquisitions, a successful merger, and a subsequent billion-dollar acquisition. Now, at the helm of CoinLion, Eric is leveraging his experience to navigate the volatile and complex world of cryptocurrencies. We delve into how CoinLion, with over 530K+ executed trades worth over $1B, is demystifying the crypto market for beginners. By offering a unique auto-trading feature that allows users to mimic expert traders' strategies, CoinLion empowers individuals to navigate the crypto market efficiently, maximizing profits and mitigating risks. Eric discusses the current global economic climate, underlined by an energy crisis, inflation, and market uncertainties, and explores why investors are turning to crypto as a potential safe haven. He also shares lessons for crypto leaders and investors from the collapse of the cryptocurrency exchange FTX and his outlook on the future of cryptocurrency. Finally, we discuss Eric's passion for building excellent teams centered on customer needs and his involvement in other innovative tech businesses, such as Phraze.AI, Journey Tellr, and SideCar. Please tune in to hear Eric's unique insights on leading in uncertain times and his vision for CoinLion, aimed at turning the complex crypto jungle into a walk in the park for investors.

Today's blockchain and cryptocurrency news Bitcoin is up slightly at $27,377 Eth is down slightly at $1,823 Binance Coin is down .5% at $313 FTX bankruptcy stewards suing SBF & leadership over Embed acquisition US Trustee of DOJ files request to reverse previous FTX judgement. Chair of CFTC says DEXs can be regulated. Ripple launches CBDCaaS platform Grayscale says SEC says Filecoin is a security Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Real Estate News Brief for the week ending May 13th, 2023... some good news about inflation, how a U.S. debt default might impact housing, and a new Gallup Poll on investor preferences.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with two inflation reports from this past week. The first was a report on the Consumer Price Index for April. The CPI shows a .4% rise in consumer prices which is a slight increase from the previous month, but it brought the annual rate below 5% for the first time in two years. It hit a high of 9.1% last summer, but is now down to 4.9%. The core rate, which omits food and fuel, was also down .4%, with an annual rate of 5.5%. Shelter prices rose the most, but those prices are slowing down. It's interesting to note that the three-month annualized rate is now at 3.2%. (1)   Producer prices are also coming down. The Labor Department reported a .2% increase in the Producer Price Index for April, with an annual rate of 2.3%. The PPI's core rate was also down .2% but the annual rate is a bit higher, at 3.4%. As MarketWatch reports: “Inflation is moderating at the consumer and producer levels. This is adding to market expectations that the Federal Reserve will refrain from raising interest rates further at the next meeting in mid-June.” (2)   The Fed's preferred report on inflation, known as the Personal Consumption Expenditure Index or PCE, will play a big role in what the Fed does next. That's coming out at the end of this month.   Weekly jobless claims were a surprise on the upside, with 240,000 people filing for benefits. They were 22,000 higher than they were for the previous week. Economists had only expected an increase of 3,000. That's the highest number of claims since October of 2021. The numbers have been steadily rising since January, for a total of 1.81 million continuing claims. Higher numbers indicate a softening of the job market and slower wage growth which the Fed wants to see in its fight against inflation. (3)   Mortgage Rates   Mortgage rates are still idling in the lower 6% range. Freddie Mac says the 30-year fixed-rate mortgage was down four basis points to 6.35% this last week. The 15-year was down one point to 5.75%. (4) Freddie Mac's chief economist, Sam Khater, says: “A recent sideways trend in mortgage rates is a welcome departure from the record increases of last year.” (5)   In other news making headlines…   Mortgage Rates Would Skyrocket if U.S. Defaults on Debt   As lawmakers haggle over the debt ceiling, there's concern about what would happen if they don't come to an agreement and the government defaults. According to Zillow, it would have a devastating impact on the housing market, with mortgage rates potentially rising to 8.4%. That would increase a typical mortgage payment by 22%. (6)   Zillow says if mortgage rates get to the 8% level, existing home sales could fall from April's 4.3 million to around 3.3 million in September. That's a 23% drop. Zillow's senior economist, Jeff Tucker, acknowledges that a default is “unlikely” but if it did happen, he says it would send the housing market into a “deep freeze.”   It is hoped that President Joe Biden and Speaker of the House Kevin McCarthy will hammer out a deal by June 1st. In a Bloomberg interview, Treasury Secretary Janet Yellen said: “There is no satisfactory solution for the U.S. that's good for the economy and financial markets other than Congress acting to raise the debt ceiling.”   Fed's Rate Hikes Are Now Hurting the Housing Market   Housing economists are not happy about the latest rate hike. The Fed hiked short-term rates another quarter point to a range of 5 to 5.25%. The National Association of Realtors' Lawrence Yun and the National Association of Home Builders' Robert Dietz call it “disappointing.” They say the high rates are freezing loan activity and hurting the economy. (7)   They say that consumer prices have been coming down for months and the last rate hike wasn't necessary. Yun says that: “Regional banks are an important source of loans – but they are frozen.” He says: “They are shuffling their balance sheets and figuring out what to do.”   Dietz says that higher rates are making it harder for developers to build homes, which are badly needed to boost inventory. He says: “We need to be building more than 1.1 million homes a year to haVe a meaningful impact on the lack of inventory.”    Real Estate Still a Top Investment Choice, but Lead is Shrinking   A recent Gallup poll shows that real estate is still a top investment choice, but the lead is shrinking. In 2022, 45% of the participants said that real estate is the best long-term investment. This year, that percentage shrank to just 34%. (8)   Many consumers have turned to gold, which has now taken second place and pushed stocks into third. Gold was favored by 26% this year, compared to 15% last year. Stocks dropped from 24% last year to 18% this year. Savings accounts, CDs, and bonds are up slightly but they are still in fourth place.    Gallup asked some of the participants about crypto, but that has lost its luster with the recent collapse of the FTX crypto exchange, and a decline in crypto prices, especially for bitcoin. Only 4% of Americans are choosing crypto. Last year, it was 8%.   That's it for today. Check the show notes for links, and the “Join for Free” button to become a member of RealWealth. It's free to join, and you'll have full access to our website including our investor portal where you can check out various rental property markets and find out how to make real estate work for you in this tough environment.   And please remember to hit the subscribe button, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/u-s-consumer-price-inflation-cools-to-lowest-rate-in-two-years-in-april-ef69d854?mod=home-page   2 - https://www.marketwatch.com/story/u-s-april-producer-prices-rise-2-3-over-past-year-smallest-increase-since-january-2021-8afa903e?mod=economy-politics   3 - https://www.marketwatch.com/story/jobless-claims-hit-264-000-in-latest-week-highest-level-since-last-october-d63852a4?mod=economy-politics   4 - https://www.freddiemac.com/pmms   5 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-are-steadily-edging-downward   6 - https://therealdeal.com/national/2023/05/12/us-default-would-send-mortgage-rates-past-8/   7 - https://www.nar.realtor/magazine/real-estate-news/housing-economists-fed-policy-now-hurting-real-estate   8 - https://news.gallup.com/poll/505592/real-estate-lead-best-investment-shrinks-gold-rises.aspx?utm_source=google&utm_medium=rss&utm_campaign=syndication

Today on The Breakdown its FTX's Insane tax bill and why 2022 won't leave us alone. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW  

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world's richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billions of dollars were missing, and Sam was in handcuffs. Those who knew him were left wondering — who was Sam really? A well-meaning billionaire who made a mistake? Or a calculating con man? From Wondery and Bloomberg, the makers of The Shrink Next Door, comes a new story of incredible wealth, betrayal and what happens when “doing good” goes really really bad. Learn more here: https://podcasts.apple.com/us/podcast/spellcaster-the-fall-of-sam-bankman-fried/id1685258534See omnystudio.com/listener for privacy information.

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world's richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billions of dollars were missing, and Sam was in handcuffs. Those who knew him were left wondering — who was Sam really? A well-meaning billionaire who made a mistake? Or a calculating con man? From Wondery and Bloomberg, the makers of The Shrink Next Door, comes a new story of incredible wealth, betrayal and what happens when “doing good” goes really really bad. Learn more here: https://podcasts.apple.com/us/podcast/spellcaster-the-fall-of-sam-bankman-fried/id1685258534See omnystudio.com/listener for privacy information.

“Shark Tank" investor and venture capitalist, Kevin O'Leary, discusses his losses and lessons learned from the failed crypto exchange FTX, why he remains committed to investing in entrepreneurs despite the FTX fallout, and why small businesses should take advantage of the Employee Retention Credit federal program. Hasan also highlights how TV money personalities like Kevin O'Leary can actually harm everyday investors with their financial advice.See omnystudio.com/listener for privacy information.

News emerged this week that the U.S. Internal Revenue Service (IRS) placed $44 billion in claims on the FTX bankruptcy estate. Now creditors of the defunct crypto exchange are worried that the taxman is going to gobble up funds that would otherwise be used to make users partially whole. Wassielawyer, a lawyer specializing in restructuring and insolvency, joins the show to explain what's going on, how that huge number is even possible, and why the so-called “trust argument” is not going to be the silver bullet that some FTX customers are dreaming of. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: whether the numbers of the IRS claim are even correct how these claims may affect all customers and unsecured creditors of FTX whether FTX CEO John Ray will fight the claims  what the trust argument is and how it could potentially save (or not) FTX's creditors in what currency the investments made by creditors would be returned why the Three Arrows Capital case differs from FTX and Mt. Gox why what FTX allegedly did is similar, but different, from what Celsius or Voyager did Thank you to our sponsors! Crypto.com Railgun DAO  Stader Labs Guest Wassielawyer, a lawyer specializing in restructuring and insolvency Previous appearances on Unchained:  Did the Bahamian Government Direct SBF and Gary Wang to Hack Why the Messy 3AC, Celsius, and Voyager Bankruptcies Will Drag on for Years  Three Crypto Bankruptcies: 3AC, Celsius and Voyager. What Happens Now? Links CoinDesk: U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy MeatTC's Twitter thread Wassie's Twitter thread Learn more about your ad choices. Visit megaphone.fm/adchoices

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world's richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billions of dollars were missing, and Sam was in handcuffs. Those who knew him were left wondering — who was Sam really? A well-meaning billionaire who made a mistake? Or a calculating con man? From Wondery and Bloomberg, the makers of The Shrink Next Door, comes a new story of incredible wealth, betrayal and what happens when “doing good” goes really really bad. Learn more here: https://podcasts.apple.com/us/podcast/spellcaster-the-fall-of-sam-bankman-fried/id1685258534See omnystudio.com/listener for privacy information.

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, May 11th, 2023. https://www.breitbart.com/middle-east/2023/05/09/israel-kills-three-islamic-jihad-terrorist-commanders-in-strikes-on-gaza/ Israel Kills Three Islamic Jihad Terrorist Commanders in Strikes on Gaza Israel killed three senior commanders of the Iran-backed Islamic Jihad terrorist group in targeted airstrikes early Tuesday. AP reports the targeted air strikes hit the top floor of an apartment building in Gaza City and a house in the southern town of Rafah. The Palestinian Health Ministry said 20 people were wounded and ambulances were continuing to evacuate people from the targeted areas. Israel’s Home Front command ordered the closure of schools, beaches and highways in cities and towns in southern Israel, and limited public gatherings ahead of anticipated retaliatory strikes. The military said the three men targeted in the counter-terror operation had been responsible for recent rocket fire toward Israel. It identified them as Khalil Bahtini, the Islamic Jihad commander for northern Gaza Strip; Tareq Izzeldeen, the group’s intermediary between its Gaza and West Bank members; and Jehad Ghanam, the secretary of the Islamic Jihad’s military council. Their funerals were planned for later in the day. The bombings came days after Gazan terrorists led by Islamic Jihad fired 104 rockets toward Israel in response to the death of an alleged senior member of the group who had been on hunger strike in Israeli prison, the Times of Israel reports. Several rockets struck during the May 2 clash, injuring three workers and damaging homes and cars. Islamic Jihad, which is smaller than Gaza’s ruling Hamas group, confirmed the three were among the dead. The Palestinian Health Ministry said that along with the three commanders, their wives, several of their children and others nearby were also killed — 13 in all. Hamas leader Ismail Haniyeh warned that Israel will “pay the price” for the killings. “Assassinating the leaders with a treacherous operation will not bring security to the occupier, but rather more resistance,” Haniyeh said in a statement. https://www.washingtonexaminer.com/news/crime/portland-revives-police-unit-traffic-deaths-surge Portland revives police unit as traffic deaths surge Portland, Oregon, police will announce the reinstatement of their traffic division on Tuesday after facing one of its deadliest years for pedestrians in 2022. After dissolving its traffic division in 2020, traffic deaths broke a 70-year record. In 2022, 63 people were killed in traffic crashes, equal to a 30-year-high record in 2021. Those deaths included 31 pedestrians who were killed, reaching historic high levels. Police Chief Chuck Lovell blamed historically low staffing numbers and said the bureau needed to focus on 911 calls as reasons to disband the division in 2020. Lovell and Mayor Ted Wheeler were united on the narrative that cutting out the traffic division was due to staffing decreases and funding concerns. However, Jo Ann Hardesty, the former commissioner of the Portland Bureau of Transportation, saw this measure as a political measure to gather public sympathy. Hardesty described the narrative around the police as pushing that their only problem is a lack of officers and money, when the issue lies much deeper than that, pointing to a rise in violence and pushing to keep the Portland community safe. In the past, Portland has taken measures to increase pedestrian safety, including implementing a "left-turn calming" tool aimed at making intersections safer for walkers by slowing turning speeds. Starting in 2020, the initiative takes after New York City’s "turning calm" project. Lovell is expected to make an announcement Tuesday afternoon after the two-year hiatus made Portland one of the largest cities in the nation to lack a traffic division. https://thepostmillennial.com/oregonians-blast-lawmakers-over-proposed-bill-to-legalize-homeless-camps?utm_campaign=64487 Oregonians blast lawmakers over proposed bill to legalize homeless camps Oregon Democratic lawmakers have canceled a public hearing on a bill that would have allowed homeless people to camp in public places and sue if told to leave, following massive pushback. Democratic lawmakers proposed the bill that would have decriminalized camping on public property and would allow homeless individuals to sue for up to $1,000 if they are "harassed" or told to relocate. House Bill 3501, also known as the “Right to Rest Act,” was sponsored by Democratic state Reps. Farrah Chaichi and Khanh Pham. It stated that “persons experiencing homelessness” will have "a privacy interest and a reasonable expectation of privacy in any property belonging to the person, regardless of whether the property is located in a public space." The bill added that the homeless will "be permitted to use public spaces in the same manner as any other person without discrimination based on their housing status" and stated that they have a right to "move freely in public spaces without discrimination and time limitations that are based on housing status." Over 2,000 written statements in opposition were received through the legislature's website. Fahey added that the bill had become a "significant distraction" from representatives' work. Oregon's homeless population spiked approximately 22.5 percent from 2020 to 2022, Fox News reported. Portland Democratic Mayor Ted Wheeler’s office reported a 50 percent increase in homelessness from 2019 to 2022. According to census data, Portland lost 0.04 percent of its population after 30 years straight of growth; the general population has declined for three years in a row. Portland resident Jacob Adams told Fox & Friends in February "I love Portland, and I love where I live," discussing a homeless encampment next to his house, where there are regular fires and drug activity, even gunshots. "I'm asking you to please do something, so the people of the city feel safe." https://www.washingtonexaminer.com/policy/immigration/abbott-reveals-brownsville-border-wired-shut-texas Abbott reveals Brownsville border 'wired shut' to ward off thousands of migrants Gov. Greg Abbott (R-TX) showed how the state is seeking to temper a rush of migrants at the southern border late Monday evening, posting a video revealing barbed wiring strung across gaps along the border. The video shows a nighttime shot of the border just two days before the expected end of the Trump-era Title 42 policy that allowed the swift expulsion of migrants on the grounds of public health. Hundreds of feet of spiraled wire can be seen along the ground, and some areas show the wire stacked to form a partition several feet tall. “This is one thing Texas is doing to secure the border,” Abbott wrote in his post sharing the video of the sprawling wire fence. “This is the area near Brownsville where migrants were crossing in large numbers a few days ago. We now have it wired shut. Other areas will surface for crossing. We will wire them shut also.” Abbott's tweet came just hours after he made his first public address over the border crisis since 34-year-old George Alvarez was arrested and charged with eight counts of manslaughter after his SUV plowed through a group of people outside Bishop Enrique San Pedro Ozanam Center, a migrant facility, on Sunday. The collision involving Alvarez is still under investigation, and a toxicology report is pending. Police revealed Monday that Alvarez has an extensive criminal history, including multiple assault charges. A witness to the collision said the driver made anti-immigrant remarks before he was detained by members of the public, according to the Independent. Additional security risks have reportedly continued at the Ozanam Center since the fatal crash. On Monday, a driver reportedly approached the migrant facility's gate with a gun and attempted to enter, according to a News Nation reporter. That facility has been operating over its intended capacity for almost a month and is planning to expand the number of sleeping spaces from 250 to 380 per night. Abbott's update comes as multiple Customs and Border Protection officials are reportedly considering "safe" street releases of immigrants to communities on the U.S. side of the border if no nongovernmental organization shelters or CBP facilities have the capacity to hold them. The Republican governor on Monday accused cartels of "working in collaboration with President Biden and the federal government to facilitate that illegal" border crossing. Thousands of migrants are lining up near various sections of the border, stretching all the way from as far south as Brownsville to the northwestern city of El Paso. There, immigration enforcement agents announced plans to target migrants crowding the city streets, according to a CBP statement. In addition to the number of migrants at the border, Republicans in border states have rallied against the persistent smuggling of deadly fentanyl into the country. Neatly 385 million fatal doses have been seized by border https://www.dailywire.com/news/sam-bankman-fried-tries-to-get-most-of-the-charges-against-him-dismissed Sam Bankman-Fried Tries To Get Most Of The Charges Against Him Dismissed Attorneys who represent former FTX CEO Sam Bankman-Fried are attempting to dismiss 10 of the 13 charges filed against the disgraced cryptocurrency entrepreneur. Several firms controlled by Bankman-Fried imploded at the end of last year after customers and investors learned that FTX had improperly commingled funds with sister trading company Alameda Research. Lawyers for Bankman-Fried asserted in a Monday court filing that the original indictment levied against the entrepreneur came from a “classic rush to judgment” and that the case involved “civil and regulatory issues” rather than federal crimes. “Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation, the government jumped in with both feet,” the filing asserted. “Each of the charges contained boilerplate recitals of statutory language, followed by literally one sentence purportedly describing the basis for the charge.” Bankman-Fried was detained in the Bahamas and extradited to the United States in December, nearly one month after FTX collapsed and bankruptcy procedures were initiated. Attorneys contended that officials violated the extradition treaty between the two nations since the Bahamian government issued a warrant of surrender “specifying that he be tried on seven of the eight counts” in the original indictment, even as American officials later brought additional charges without the consent of authorities in the island nation. Bankman-Fried was initially charged in December with crimes such as conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to defraud the Federal Election Commission through campaign finance violations. Another superseding indictment unveiled in February added four new charges, including conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer business. Bankman-Fried was also charged in March with paying bribes to one or more members of the Chinese Communist Party. Bankman-Fried faces the charges in the Southern District of New York, which often oversees high-profile financial fraud cases. The entrepreneur, who has pleaded not guilty to all charges and currently resides with his parents in northern California, is expected to appear for trial in early October. Lawyers for the entrepreneur meanwhile claimed that the collapse of FTX occurred in the context of broader difficulties in the cryptocurrency sector. “As with a traditional bank run, numerous customers simultaneously sought to withdraw their assets, thus feeding fears that a collapse was inevitable,” the court filing said. “The market crash took down many of the major players in this sector, not just FTX.”

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, May 11th, 2023. https://www.breitbart.com/middle-east/2023/05/09/israel-kills-three-islamic-jihad-terrorist-commanders-in-strikes-on-gaza/ Israel Kills Three Islamic Jihad Terrorist Commanders in Strikes on Gaza Israel killed three senior commanders of the Iran-backed Islamic Jihad terrorist group in targeted airstrikes early Tuesday. AP reports the targeted air strikes hit the top floor of an apartment building in Gaza City and a house in the southern town of Rafah. The Palestinian Health Ministry said 20 people were wounded and ambulances were continuing to evacuate people from the targeted areas. Israel’s Home Front command ordered the closure of schools, beaches and highways in cities and towns in southern Israel, and limited public gatherings ahead of anticipated retaliatory strikes. The military said the three men targeted in the counter-terror operation had been responsible for recent rocket fire toward Israel. It identified them as Khalil Bahtini, the Islamic Jihad commander for northern Gaza Strip; Tareq Izzeldeen, the group’s intermediary between its Gaza and West Bank members; and Jehad Ghanam, the secretary of the Islamic Jihad’s military council. Their funerals were planned for later in the day. The bombings came days after Gazan terrorists led by Islamic Jihad fired 104 rockets toward Israel in response to the death of an alleged senior member of the group who had been on hunger strike in Israeli prison, the Times of Israel reports. Several rockets struck during the May 2 clash, injuring three workers and damaging homes and cars. Islamic Jihad, which is smaller than Gaza’s ruling Hamas group, confirmed the three were among the dead. The Palestinian Health Ministry said that along with the three commanders, their wives, several of their children and others nearby were also killed — 13 in all. Hamas leader Ismail Haniyeh warned that Israel will “pay the price” for the killings. “Assassinating the leaders with a treacherous operation will not bring security to the occupier, but rather more resistance,” Haniyeh said in a statement. https://www.washingtonexaminer.com/news/crime/portland-revives-police-unit-traffic-deaths-surge Portland revives police unit as traffic deaths surge Portland, Oregon, police will announce the reinstatement of their traffic division on Tuesday after facing one of its deadliest years for pedestrians in 2022. After dissolving its traffic division in 2020, traffic deaths broke a 70-year record. In 2022, 63 people were killed in traffic crashes, equal to a 30-year-high record in 2021. Those deaths included 31 pedestrians who were killed, reaching historic high levels. Police Chief Chuck Lovell blamed historically low staffing numbers and said the bureau needed to focus on 911 calls as reasons to disband the division in 2020. Lovell and Mayor Ted Wheeler were united on the narrative that cutting out the traffic division was due to staffing decreases and funding concerns. However, Jo Ann Hardesty, the former commissioner of the Portland Bureau of Transportation, saw this measure as a political measure to gather public sympathy. Hardesty described the narrative around the police as pushing that their only problem is a lack of officers and money, when the issue lies much deeper than that, pointing to a rise in violence and pushing to keep the Portland community safe. In the past, Portland has taken measures to increase pedestrian safety, including implementing a "left-turn calming" tool aimed at making intersections safer for walkers by slowing turning speeds. Starting in 2020, the initiative takes after New York City’s "turning calm" project. Lovell is expected to make an announcement Tuesday afternoon after the two-year hiatus made Portland one of the largest cities in the nation to lack a traffic division. https://thepostmillennial.com/oregonians-blast-lawmakers-over-proposed-bill-to-legalize-homeless-camps?utm_campaign=64487 Oregonians blast lawmakers over proposed bill to legalize homeless camps Oregon Democratic lawmakers have canceled a public hearing on a bill that would have allowed homeless people to camp in public places and sue if told to leave, following massive pushback. Democratic lawmakers proposed the bill that would have decriminalized camping on public property and would allow homeless individuals to sue for up to $1,000 if they are "harassed" or told to relocate. House Bill 3501, also known as the “Right to Rest Act,” was sponsored by Democratic state Reps. Farrah Chaichi and Khanh Pham. It stated that “persons experiencing homelessness” will have "a privacy interest and a reasonable expectation of privacy in any property belonging to the person, regardless of whether the property is located in a public space." The bill added that the homeless will "be permitted to use public spaces in the same manner as any other person without discrimination based on their housing status" and stated that they have a right to "move freely in public spaces without discrimination and time limitations that are based on housing status." Over 2,000 written statements in opposition were received through the legislature's website. Fahey added that the bill had become a "significant distraction" from representatives' work. Oregon's homeless population spiked approximately 22.5 percent from 2020 to 2022, Fox News reported. Portland Democratic Mayor Ted Wheeler’s office reported a 50 percent increase in homelessness from 2019 to 2022. According to census data, Portland lost 0.04 percent of its population after 30 years straight of growth; the general population has declined for three years in a row. Portland resident Jacob Adams told Fox & Friends in February "I love Portland, and I love where I live," discussing a homeless encampment next to his house, where there are regular fires and drug activity, even gunshots. "I'm asking you to please do something, so the people of the city feel safe." https://www.washingtonexaminer.com/policy/immigration/abbott-reveals-brownsville-border-wired-shut-texas Abbott reveals Brownsville border 'wired shut' to ward off thousands of migrants Gov. Greg Abbott (R-TX) showed how the state is seeking to temper a rush of migrants at the southern border late Monday evening, posting a video revealing barbed wiring strung across gaps along the border. The video shows a nighttime shot of the border just two days before the expected end of the Trump-era Title 42 policy that allowed the swift expulsion of migrants on the grounds of public health. Hundreds of feet of spiraled wire can be seen along the ground, and some areas show the wire stacked to form a partition several feet tall. “This is one thing Texas is doing to secure the border,” Abbott wrote in his post sharing the video of the sprawling wire fence. “This is the area near Brownsville where migrants were crossing in large numbers a few days ago. We now have it wired shut. Other areas will surface for crossing. We will wire them shut also.” Abbott's tweet came just hours after he made his first public address over the border crisis since 34-year-old George Alvarez was arrested and charged with eight counts of manslaughter after his SUV plowed through a group of people outside Bishop Enrique San Pedro Ozanam Center, a migrant facility, on Sunday. The collision involving Alvarez is still under investigation, and a toxicology report is pending. Police revealed Monday that Alvarez has an extensive criminal history, including multiple assault charges. A witness to the collision said the driver made anti-immigrant remarks before he was detained by members of the public, according to the Independent. Additional security risks have reportedly continued at the Ozanam Center since the fatal crash. On Monday, a driver reportedly approached the migrant facility's gate with a gun and attempted to enter, according to a News Nation reporter. That facility has been operating over its intended capacity for almost a month and is planning to expand the number of sleeping spaces from 250 to 380 per night. Abbott's update comes as multiple Customs and Border Protection officials are reportedly considering "safe" street releases of immigrants to communities on the U.S. side of the border if no nongovernmental organization shelters or CBP facilities have the capacity to hold them. The Republican governor on Monday accused cartels of "working in collaboration with President Biden and the federal government to facilitate that illegal" border crossing. Thousands of migrants are lining up near various sections of the border, stretching all the way from as far south as Brownsville to the northwestern city of El Paso. There, immigration enforcement agents announced plans to target migrants crowding the city streets, according to a CBP statement. In addition to the number of migrants at the border, Republicans in border states have rallied against the persistent smuggling of deadly fentanyl into the country. Neatly 385 million fatal doses have been seized by border https://www.dailywire.com/news/sam-bankman-fried-tries-to-get-most-of-the-charges-against-him-dismissed Sam Bankman-Fried Tries To Get Most Of The Charges Against Him Dismissed Attorneys who represent former FTX CEO Sam Bankman-Fried are attempting to dismiss 10 of the 13 charges filed against the disgraced cryptocurrency entrepreneur. Several firms controlled by Bankman-Fried imploded at the end of last year after customers and investors learned that FTX had improperly commingled funds with sister trading company Alameda Research. Lawyers for Bankman-Fried asserted in a Monday court filing that the original indictment levied against the entrepreneur came from a “classic rush to judgment” and that the case involved “civil and regulatory issues” rather than federal crimes. “Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation, the government jumped in with both feet,” the filing asserted. “Each of the charges contained boilerplate recitals of statutory language, followed by literally one sentence purportedly describing the basis for the charge.” Bankman-Fried was detained in the Bahamas and extradited to the United States in December, nearly one month after FTX collapsed and bankruptcy procedures were initiated. Attorneys contended that officials violated the extradition treaty between the two nations since the Bahamian government issued a warrant of surrender “specifying that he be tried on seven of the eight counts” in the original indictment, even as American officials later brought additional charges without the consent of authorities in the island nation. Bankman-Fried was initially charged in December with crimes such as conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to defraud the Federal Election Commission through campaign finance violations. Another superseding indictment unveiled in February added four new charges, including conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer business. Bankman-Fried was also charged in March with paying bribes to one or more members of the Chinese Communist Party. Bankman-Fried faces the charges in the Southern District of New York, which often oversees high-profile financial fraud cases. The entrepreneur, who has pleaded not guilty to all charges and currently resides with his parents in northern California, is expected to appear for trial in early October. Lawyers for the entrepreneur meanwhile claimed that the collapse of FTX occurred in the context of broader difficulties in the cryptocurrency sector. “As with a traditional bank run, numerous customers simultaneously sought to withdraw their assets, thus feeding fears that a collapse was inevitable,” the court filing said. “The market crash took down many of the major players in this sector, not just FTX.”

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, May 11th, 2023. https://www.breitbart.com/middle-east/2023/05/09/israel-kills-three-islamic-jihad-terrorist-commanders-in-strikes-on-gaza/ Israel Kills Three Islamic Jihad Terrorist Commanders in Strikes on Gaza Israel killed three senior commanders of the Iran-backed Islamic Jihad terrorist group in targeted airstrikes early Tuesday. AP reports the targeted air strikes hit the top floor of an apartment building in Gaza City and a house in the southern town of Rafah. The Palestinian Health Ministry said 20 people were wounded and ambulances were continuing to evacuate people from the targeted areas. Israel’s Home Front command ordered the closure of schools, beaches and highways in cities and towns in southern Israel, and limited public gatherings ahead of anticipated retaliatory strikes. The military said the three men targeted in the counter-terror operation had been responsible for recent rocket fire toward Israel. It identified them as Khalil Bahtini, the Islamic Jihad commander for northern Gaza Strip; Tareq Izzeldeen, the group’s intermediary between its Gaza and West Bank members; and Jehad Ghanam, the secretary of the Islamic Jihad’s military council. Their funerals were planned for later in the day. The bombings came days after Gazan terrorists led by Islamic Jihad fired 104 rockets toward Israel in response to the death of an alleged senior member of the group who had been on hunger strike in Israeli prison, the Times of Israel reports. Several rockets struck during the May 2 clash, injuring three workers and damaging homes and cars. Islamic Jihad, which is smaller than Gaza’s ruling Hamas group, confirmed the three were among the dead. The Palestinian Health Ministry said that along with the three commanders, their wives, several of their children and others nearby were also killed — 13 in all. Hamas leader Ismail Haniyeh warned that Israel will “pay the price” for the killings. “Assassinating the leaders with a treacherous operation will not bring security to the occupier, but rather more resistance,” Haniyeh said in a statement. https://www.washingtonexaminer.com/news/crime/portland-revives-police-unit-traffic-deaths-surge Portland revives police unit as traffic deaths surge Portland, Oregon, police will announce the reinstatement of their traffic division on Tuesday after facing one of its deadliest years for pedestrians in 2022. After dissolving its traffic division in 2020, traffic deaths broke a 70-year record. In 2022, 63 people were killed in traffic crashes, equal to a 30-year-high record in 2021. Those deaths included 31 pedestrians who were killed, reaching historic high levels. Police Chief Chuck Lovell blamed historically low staffing numbers and said the bureau needed to focus on 911 calls as reasons to disband the division in 2020. Lovell and Mayor Ted Wheeler were united on the narrative that cutting out the traffic division was due to staffing decreases and funding concerns. However, Jo Ann Hardesty, the former commissioner of the Portland Bureau of Transportation, saw this measure as a political measure to gather public sympathy. Hardesty described the narrative around the police as pushing that their only problem is a lack of officers and money, when the issue lies much deeper than that, pointing to a rise in violence and pushing to keep the Portland community safe. In the past, Portland has taken measures to increase pedestrian safety, including implementing a "left-turn calming" tool aimed at making intersections safer for walkers by slowing turning speeds. Starting in 2020, the initiative takes after New York City’s "turning calm" project. Lovell is expected to make an announcement Tuesday afternoon after the two-year hiatus made Portland one of the largest cities in the nation to lack a traffic division. https://thepostmillennial.com/oregonians-blast-lawmakers-over-proposed-bill-to-legalize-homeless-camps?utm_campaign=64487 Oregonians blast lawmakers over proposed bill to legalize homeless camps Oregon Democratic lawmakers have canceled a public hearing on a bill that would have allowed homeless people to camp in public places and sue if told to leave, following massive pushback. Democratic lawmakers proposed the bill that would have decriminalized camping on public property and would allow homeless individuals to sue for up to $1,000 if they are "harassed" or told to relocate. House Bill 3501, also known as the “Right to Rest Act,” was sponsored by Democratic state Reps. Farrah Chaichi and Khanh Pham. It stated that “persons experiencing homelessness” will have "a privacy interest and a reasonable expectation of privacy in any property belonging to the person, regardless of whether the property is located in a public space." The bill added that the homeless will "be permitted to use public spaces in the same manner as any other person without discrimination based on their housing status" and stated that they have a right to "move freely in public spaces without discrimination and time limitations that are based on housing status." Over 2,000 written statements in opposition were received through the legislature's website. Fahey added that the bill had become a "significant distraction" from representatives' work. Oregon's homeless population spiked approximately 22.5 percent from 2020 to 2022, Fox News reported. Portland Democratic Mayor Ted Wheeler’s office reported a 50 percent increase in homelessness from 2019 to 2022. According to census data, Portland lost 0.04 percent of its population after 30 years straight of growth; the general population has declined for three years in a row. Portland resident Jacob Adams told Fox & Friends in February "I love Portland, and I love where I live," discussing a homeless encampment next to his house, where there are regular fires and drug activity, even gunshots. "I'm asking you to please do something, so the people of the city feel safe." https://www.washingtonexaminer.com/policy/immigration/abbott-reveals-brownsville-border-wired-shut-texas Abbott reveals Brownsville border 'wired shut' to ward off thousands of migrants Gov. Greg Abbott (R-TX) showed how the state is seeking to temper a rush of migrants at the southern border late Monday evening, posting a video revealing barbed wiring strung across gaps along the border. The video shows a nighttime shot of the border just two days before the expected end of the Trump-era Title 42 policy that allowed the swift expulsion of migrants on the grounds of public health. Hundreds of feet of spiraled wire can be seen along the ground, and some areas show the wire stacked to form a partition several feet tall. “This is one thing Texas is doing to secure the border,” Abbott wrote in his post sharing the video of the sprawling wire fence. “This is the area near Brownsville where migrants were crossing in large numbers a few days ago. We now have it wired shut. Other areas will surface for crossing. We will wire them shut also.” Abbott's tweet came just hours after he made his first public address over the border crisis since 34-year-old George Alvarez was arrested and charged with eight counts of manslaughter after his SUV plowed through a group of people outside Bishop Enrique San Pedro Ozanam Center, a migrant facility, on Sunday. The collision involving Alvarez is still under investigation, and a toxicology report is pending. Police revealed Monday that Alvarez has an extensive criminal history, including multiple assault charges. A witness to the collision said the driver made anti-immigrant remarks before he was detained by members of the public, according to the Independent. Additional security risks have reportedly continued at the Ozanam Center since the fatal crash. On Monday, a driver reportedly approached the migrant facility's gate with a gun and attempted to enter, according to a News Nation reporter. That facility has been operating over its intended capacity for almost a month and is planning to expand the number of sleeping spaces from 250 to 380 per night. Abbott's update comes as multiple Customs and Border Protection officials are reportedly considering "safe" street releases of immigrants to communities on the U.S. side of the border if no nongovernmental organization shelters or CBP facilities have the capacity to hold them. The Republican governor on Monday accused cartels of "working in collaboration with President Biden and the federal government to facilitate that illegal" border crossing. Thousands of migrants are lining up near various sections of the border, stretching all the way from as far south as Brownsville to the northwestern city of El Paso. There, immigration enforcement agents announced plans to target migrants crowding the city streets, according to a CBP statement. In addition to the number of migrants at the border, Republicans in border states have rallied against the persistent smuggling of deadly fentanyl into the country. Neatly 385 million fatal doses have been seized by border https://www.dailywire.com/news/sam-bankman-fried-tries-to-get-most-of-the-charges-against-him-dismissed Sam Bankman-Fried Tries To Get Most Of The Charges Against Him Dismissed Attorneys who represent former FTX CEO Sam Bankman-Fried are attempting to dismiss 10 of the 13 charges filed against the disgraced cryptocurrency entrepreneur. Several firms controlled by Bankman-Fried imploded at the end of last year after customers and investors learned that FTX had improperly commingled funds with sister trading company Alameda Research. Lawyers for Bankman-Fried asserted in a Monday court filing that the original indictment levied against the entrepreneur came from a “classic rush to judgment” and that the case involved “civil and regulatory issues” rather than federal crimes. “Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation, the government jumped in with both feet,” the filing asserted. “Each of the charges contained boilerplate recitals of statutory language, followed by literally one sentence purportedly describing the basis for the charge.” Bankman-Fried was detained in the Bahamas and extradited to the United States in December, nearly one month after FTX collapsed and bankruptcy procedures were initiated. Attorneys contended that officials violated the extradition treaty between the two nations since the Bahamian government issued a warrant of surrender “specifying that he be tried on seven of the eight counts” in the original indictment, even as American officials later brought additional charges without the consent of authorities in the island nation. Bankman-Fried was initially charged in December with crimes such as conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to defraud the Federal Election Commission through campaign finance violations. Another superseding indictment unveiled in February added four new charges, including conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer business. Bankman-Fried was also charged in March with paying bribes to one or more members of the Chinese Communist Party. Bankman-Fried faces the charges in the Southern District of New York, which often oversees high-profile financial fraud cases. The entrepreneur, who has pleaded not guilty to all charges and currently resides with his parents in northern California, is expected to appear for trial in early October. Lawyers for the entrepreneur meanwhile claimed that the collapse of FTX occurred in the context of broader difficulties in the cryptocurrency sector. “As with a traditional bank run, numerous customers simultaneously sought to withdraw their assets, thus feeding fears that a collapse was inevitable,” the court filing said. “The market crash took down many of the major players in this sector, not just FTX.”

Today, Will is joined by none other than Shark Tank's 'Mr. Wonderful', CEO & Founder of O'Leary Ventures, Kevin O'Leary. Will and Kevin have a spirited debate on the merits of banking bailouts, as well as the future of the U.S. dollar as the world reserve currency. Plus, Will questions Mr. Wonderful on the future of cryptocurrency and presses him on his involvement with the now-defunct FTX.    Later, Kevin reveals the secret to what makes for a successful entrepreneurial pitch on Shark Tank.  Tell Will what you thought about this podcast by emailing WillCainPodcast@fox.com Follow Will on Twitter: @WillCain Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's blockchain and cryptocurrency news Bitcoin is up slightly at $27,665 Eth is up .5% at $1,851 Binance Coin is up slightly at $311 Coinbase product manager Ishan Wahi has been sentenced to two years in prison for insider trading. Binance launches Capital Connect to connect VIP users with investment fund managers Shaq claims he wasn't properly served in FTX class action. Su Zhu gets restraining order on Arthur Hayes UK National extradited to US for cybercrimes Learn more about your ad choices. Visit megaphone.fm/adchoices

Longtime crypto reporter Brady Dale has beat Michael Lewis to market with the first book on the dramatic collapse of FTX. In stores today, “SBF: How the FTX Bankruptcy Unwound Crypto's Very Bad Good Guy,” tells the tale of the outsized role that Sam Bankman-Fried played in the FTX-Alameda death spiral. Drawing on years of reporting and interviews with SBF himself, the book charts the rise and fall of the one-time crypto wunderkind. “It became clear to me that Sam got really addicted to fame,” said Dale. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: Brady's background and how he came to cover crypto how covering the space for a crypto outlet is different from a more mainstream publication how Brady was able to finalize his book so fast  what Brady's favorite parts of the book are who was really responsible for the collapse of the FTX empire whether Sam Bankman-Fried will plead guilty  whether FTX will make a comeback how SBF thinks differently from other people, and how it led to his downfall why Brady thinks the “dot-com bust” for crypto has yet to arrive whether crypto has betrayed its cypherpunk ideals Thank you to our sponsors! Crypto.com Guests: Brady Dale, writer and reporter at Axios, and author of “SBF: How the FTX Bankruptcy Unwound Crypto's Very Bad Good Guy” Previous coverage of Unchained on Sam Bankman-Fried and FTX: The Chopping Block: Was FTX a Scam From the Very Beginning?  How Much Prison Time Is FTX's Sam Bankman-Fried Facing?  Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater  Erik Voorhees and Cobie on Why FTX Loaned Out Customers' Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, veteran crypto journalist Brady Dale unpacks his new book, SBF: How The FTX Bankruptcy Unwound Crypto's Very Bad Good Guy. The book explores Bankman-Fried's worldview and his quest to make FTX the number one crypto exchange in the world, no matter the cost. Despite FTX's bankruptcy last year, Dale believes the exchange was not necessarily doomed to fail and that Bankman-Fried's need for absolute control was a critical factor. This episode is brought to you by our sponsor CleanSpark. About CleanSpark CleanSpark (NASDAQ: CLSK) is America's Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.

Defendants in court cases are trying the deepfake defense and judges are not having it. Think twice before you commit a huge investment into AI companies. SBF is asking courts to throw out most of the charges against him. And Peter Thiel has some icy plans after his demise. See omnystudio.com/listener for privacy information.

Richard Haykel is the Chairman of Haykel Hospital S.A.L. in Tripoli, Lebanon and Executive Director of CARA Ventures, LLC.  Richie has a Bachelor of Arts in Economics from Tufts University, a Master's of Hospital and Health Care Administration and Management from the University of Paris Cite. He is also a Harvard Business School Executive Program graduate and OPM 49. Richie is a member of the Young President's Organization (YPO) and is home based in Tripoli, Lebanon. Show Notes: Lebanon has always been at the crossroads between East and West. "It plays a role much bigger than its geography." A $6 tax for What's App launched the Oct 2019 revolution. (11:30) The financial system collapse has led to 80% of the population in poverty, runs on banks, life savings wiped out for many. Prior to this, the poverty rate was around 20%. Overnight, a majority of the population was plunged into poverty. (20:00) "Morally, we needed to walk the talk with our kids." We came back to make a difference! "Everything rises and falls on leadership." - John Maxwell (22:45) What are the warning signs that this could be coming to your country? (30:00) Why are we starting to see a reverse migration from America? (31:00) Why are tenured professors at Columbia and Princeton afraid of losing their job? (37:00) There is no dollar alternative at the moment. (46:00) Bitcoin, crypto winter, FTX collapse and the future of cryptocurrencies...and real estate? (49:00) How did the pandemic impact the middle east and Lebanon? Lebanon has the ability to adapt. (54:00) How does Hezbollah impact everything in Lebanon today? (56:00) What is the impact of Saudi Arabia and MBS in the middle east? (1:04:00) The pivot to Asia has destroyed the trust of the United States in the middle east. (1:18:00) Why do you invest so much in advanced education and continued education later in your career? (1:24:00) Book Recommendations - Outliers by Malcolm Gladwell, Deep Purpose by Ranjay Gulati, Glass Half Broken by Boris Groysberg Podcast "After Hours" (1:30:00) Leadership insights while leading during a crisis. (1:34:00) What would Richie say to the American people if he was asked to give a State of the Union address?

The most valuable crypto stories for Monday, May 8, 2023.This episode is sponsored by Ciphertrace."The Hash" tackles today's hot topics: Coinbase CEO Brian Armstrong clarifies continuing U.S. presence amid its lawsuit against the SEC. Bitcoin network fees are spiking on the rising popularity of meme coins and the Ordinals protocol. Worldcoin is betting on a gas-free crypto wallet. Plus, crypto reporter and author Brady Dale joins the show to discuss his new book on the meteoric rise and fall of FTX and Sam Bankman-Fried.See also:Coinbase CEO Brian Armstrong Says 'We're 100% Committed to the U.S.'U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 DaysBlock Demand Leads to Fee Spike as Bitcoin-Based Memecoins FlourishSam Altman's Crypto Project, Worldcoin, Releases First Major Consumer ProductVeteran Crypto Reporter Brady Dale Discusses New FTX Book-Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

You would think that if you were going to hire people to help you fight for your freedom, you'd hire some that had some success in their most recent big case. However, it would seem as if Sam Bankman Fried is piggybacking on Ghislaine Maxwell's legal hires in hopes that he will get different results.I have my doubts.Let's dive in and see what's up!(commercial at 7:20)to contact me:bobbycapucci@protonmail.comsource:Sam Bankman-Fried hires top PI who worked for Ghislaine Maxwell and mobsters | Daily Mail Online

You would think that if you were going to hire people to help you fight for your freedom, you'd hire some that had some success in their most recent big case. However, it would seem as if Sam Bankman Fried is piggybacking on Ghislaine Maxwell's legal hires in hopes that he will get different results.I have my doubts.Let's dive in and see what's up!(commercial at 7:20)to contact me:bobbycapucci@protonmail.comsource:Sam Bankman-Fried hires top PI who worked for Ghislaine Maxwell and mobsters | Daily Mail Online

The Genesis bankruptcy is about to take a high-stakes turn with a $630 million payment from Digital Currency Group (DCG) due by May 11. Barry Silbert's DCG, the parent company of Genesis, is on the hook for the massive payment, but doubts are swirling as to whether the crypto conglomerate can cover it. Lumida Wealth CEO Ram Ahluwalia joins the show to unpack what could happen to Genesis creditors, Gemini Earn users, and the markets should DCG fail to cover its debt obligations. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: whether DCG will be able to pay its debt to the Genesis bankruptcy estate the ways DCG can “plug the hole” what the likelihood of DCG filing for bankruptcy is how FTX's intent to claw back $3.9 billion from Genesis would affect DCG whether Gemini Earn customers will be made whole why Ram says that asymmetric information has plagued the bankruptcy process whether the creditors should accept the latest term sheet how the Grayscale lawsuit against the SEC could impact DCG's cash flow Thank you to our sponsors! Crypto.com Railgun DAO  Stader Labs Guest Ram Ahluwalia, CEO & Founder of Lumida Wealth Previous appearances on Unchained:  ​​Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It? Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy? How Will the FTX Collapse Affect Silvergate? A Bear and a Bull Debate How Is the Fed Going to Respond to the Banking Crisis? Links Unchained: FTX Moves to Claw Back $3.9 Billion From Genesis Reuters: Crypto group DCG says bankrupt unit Genesis' creditors renege on deal CoinDesk:  Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization DCG's CFO Steps Down as Crypto Conglomerate Repays $350M Loan Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt and Nic are back with another week of news and deals. In this episode:  Updates on South Shore Bar Pie The CIV boys consider new sponsors Regional banks keep failing Is the turmoil in the bank sector deflationary or inflationary? How does the Fed end the banking crisis? McHenry's stablecoin bill Biden proposes a 30% tax on Bitcoin miners Why Biden's DAME tax is counterproductive RFK Jr's pro-crypto takes Nic throws his hat in the ring for RFK Jr Gensler running for Senate in Maryland/ Where in the world are the FTX executives FTX attempts to claw back funds from Genesis FTX debtors stumble on Mysten Labs Is summary judgment in the Ripple SEC case almost due? Nate Chastain is found guilty of insider trading Poloniex settles with OFAC OpenX is reprimanded by Dubai for not registering Coinbase launches in Bermuda Bhutan has been mining Bitcoin since 2020 NYMAG spills the beans about Protego CIV is throwing a pickleball event at BTC Miami Content mentioned in this episode:  Jen Wieczner in NYMAG, Is the Federal Government Trying to Kill Off Crypto? Sponsor notes:  Coin Metrics State of the Network - MakerDAO's Dai Dilemma: As one of the longest-standing DeFi protocols, Maker has held strong as the maintainer of the decentralized stablecoin Dai. Still, the protocol faces headwinds, and MakerDAO stakeholders must make major decisions about governance and risk management.  

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: What is effective altruism? How could it be improved?, published by MichaelPlant on May 5, 2023 on The Effective Altruism Forum. The EA community has been convulsing since FTX. There's been lots of discontent, but almost no public discussion between community leaders, and little in the way of a constructive suggestions for what could change. In this post, I offer a reconceptualisation of what the EA community is and then use that to sketch some ideas for how to do good better together. I'm writing this purely in my personal capacity as a long-term member of the effective altruism community. I drafted this at the start of 2023, in large part to help me process my own thoughts. The ideas here are still, by my lights, dissatisfyingly underdeveloped. But I'm posting it now, in its current state and with minimal changes, because it's suddenly relevant to topical discussions about how to run the Effective Ventures Foundation and the Centre for Effective Altruism and I don't know if I would ever make time to polish it. [I'm grateful to Ben West, Chana Messinger, Luke Freeman, Jack Lewars, Nathan Young, Peter Brietbart, Sam Bernecker, and Will Troy for their comments on this. All errors are theirs mine] Summary We can think of effective altruists as participants in a market for maximum impact activities. It's much like a local farmers' market, except people are buying and selling goods and services for how best to help others. Just like people in a market, EAs don't all share the same goal - a marketplace isn't an army. Rather, people have different goals, based on their different accounts of what matters. The participants can agree, however, that they all want there to be a marketplace to allow them to meet and trade; this market is useful because people want different things. Presumably, the EA market should function as a free, competitive market. This means lots of choice and debate among the participants. It requires the market administrators to operate a level playing-field. Currently, the EA community doesn't quite operate like this. The market administrators - CEA, its staff and trustees - are also major market participants, i.e. promoting particular ideas and running key organisations. And the market is dominated by one big buyer (i.e. it's a ‘monopsony'). I suggest some possible reforms: CEA to have its trustees elected by the community; it should strive to be impartial rather than take a stand on the priorities. I don't claim this will solve all the issues, but it should help. I'm sure there are other implications of the market model I've not thought of. These reforms seem sensible even without any of EA's recent scandals. I do, however, explain how they would likely have helped lessened these scandals too. I've tried to resist getting into the minutiae of “how would EA be run if modelled on a free market?” and I would encourage readers also to resist this. I want people to focus on the basic idea and the most obvious implications, not get stuck on the details. I'm not very confident in the below. It's an odd mix of ideas from philosophy, politics, and economics. I wrote it up in the hope others can develop the ideas and I can stop ruminating on the “what should FTX mean for EA?” question. What is EA? A market for maximum-impact altruistic activities What is effective altruism? It's described by the website effectivealtruism.org as a "research field and practical community that aims to find the best ways to help others, and put them into practice". That's all well and good, but it's not very informative if we want to understand the behaviour of individuals in the community and the functioning of the community as a whole. An alternative approach is to think of effective altruists, the people themselves, in economic terms. In this case, we might characterise the effe...

This week's guest is Domingo Valadez, Co-founder & CEO of Homebase, a platform that lets people invest in tokenized residential real estate for as little as $100. As real estate prices continue to get more and more unaffordable for people, Homebase aims to be the destination for US renters to invest in the US residential real estate market via fractionalizing NFTs. Show Notes:0:50 - What is Homebase?2:05 - Why Solana?4:06 - How does it work?7:09  - Benefits using web3 and Solana9:17 - Us vs International11:11 - How things can evolve for Homebase?  14:18 - Regulatory landscape in the US / next US markets to expand to17:04 - User journey from first wallet to being a homeowner20:04 - Voting  21:14 -  Retaining people in Crypto    22:57 -  Exciting things in on-chain residential real estate.24:38 -  A builder Domingo admires in the Solana ecosystem Full Transcript:Brian Friel (00:05):Hey, everyone, and welcome to The Zeitgeist, the show where we highlight the founders, developers, and designers who are pushing the Web3 space forward. I'm Brian Friel, developer relations at Phantom, and I'm super excited to introduce my guest, Domingo Valadez, the co-founder of Homebase, a digital platform for fractionalizing residential real estate via NFTs. Domingo, welcome to the show. Domingo Valadez (00:28):Thanks so much for having me, Brian. Super excited to be here. Brian Friel (00:30):Yeah, super excited to have you on as well. You guys are a hotly anticipated recent launch. I've seen you guys on Twitter. It's one of the most, I'd say, unique and more pragmatic applications I've seen most recently launch on Solana. Can you give us a quick overview of what is Homebase and how can users start using it today? Domingo Valadez (00:51):Yeah. Homebase is a platform that lets people invest in tokenized residential real estate for as little as $100. The main value property right people is just getting exposure to an actual physical rental property and starting to get some of that passive income, starting to get that appreciation over time in terms of how you can participate and invest, you can just go to our website, make an account, we do force you to put a KYC and that's just to follow us regulations. So right now we're limited to just US investors unfortunately, but have plans to make it international as we continue to grow. But right now it's a matter of KYCing. You also have to set up a 15-minute call with one of my co-founders, Alex, and that's just to make sure that you're a sophisticated investor so you get to know us a little bit. So we're very transparent with our team and what we're doing, but we had 38 people participate in our very first home and now have 1500 that want to participate in our next one. Brian Friel (01:41):That's awesome. So residential real estate investing, that's something that I'd say a lot of the demographic with Solana maybe skews potentially on the younger side. This is something that people think is interesting but have historically been left out of this world of investing. What made you guys decide to do something in a purely digital way that's different than traditional residential real estate investing and what made you guys choose to launch this on Solana? Domingo Valadez (02:05):I grew up in a family that has always seen real estate as a great way building wealth over time and just growing up I've very quickly seen it become unaffordable for most people in my generation. So I was working at Google for five years, still couldn't afford anything in the Bay Area and I was like, "This is absurd." And so it was like how can we make this affordable for people where they can actually get some skin in the game with the properties they're living in? And so that was really a big culmination for why Homebase and so then I've invested in my own residential property, myself and my hometown of McAllen just going into that flow, so many third parties, how to work with a bank, took literally three months to buy the property and that was just awful as well. So it's kind of like what can we do that's completely digital that just makes the experience really, really easy for people? (02:49):And so that's where the idea around Homebase came from. We're making it where people can invest in properties for as little as a hundred dollars. And so real estate's also a industry that loves silo data. You have big players that really hold their data near and dear to their heart and don't want to share it, and that's the complete opposite of public blockchains, right? It's like, "Let's just get data. Everyone should have a fair shot at understanding what's going on and if you know how to utilize that data, you can make some great decisions with it." A big piece of it came from the mission as well of I've been following Bitcoin since 2017, love the decentralization aspect of it and so wanted to see how we could get real estate in a very transparent open source way. That was a big culmination about why even build in a digital space using blockchain to do this. Brian Friel (03:33):Love it. I think that story resonates with a lot of listeners potentially I myself in Bay Area. Similar story there, so it's similar frustrations. I guess I'm a little curious how does this at a high level work under the hood? Kind of back to my earlier question, a lot of folks maybe don't know much about real estate investing. There's a lot of paperwork involved. What role is Homebase playing? What parts of this are done on chain? How do I go from, "I'm just a normal crypto user with NFTs." To now, I can say, "I'm a part of this homeownership project." How does that all work under the hood? Domingo Valadez (04:07):I'll share the Homebase side, then I'll share the user experience side. So it's actually quite complex to make it work. It took us seven months to build out the legal frameworks to how to do this and then building out the software for tokenization took about two months for us to do. But just to walk you through this first home, how we did it effectively, we found a property that was suitable. We put it under an exclusive buyer seller agreement, so Homebase had full rights to sell the house on behalf of the owner. We then spun up a special purpose vehicle that was sole intent was to purchase that property, and so then we created NFTs that represent ownership in that special purpose vehicle and we had a mint date on that mint date. It was basically like the day we started selling the property. (04:45):And so people could literally go to our website, these are people that have already KYC accredited, non-accredited, could then buy tokens with USDC and they would mint them directly on our platform. And so they would get those tokens immediately to their account and then in tandem they would get DocuSign documentation sent to them. So they have to sign a legal LLC operating agreement, they need to sign a security token purchase agreement, all this legal documentation that basically says like I am buying tokens using USDC and I'm now a member of this LLC that was created. So once we acquired all the money that was necessary, we then closed up the SPV and then actually completed the transaction. And so the owner received the amount of money that they were trying to sell on his first property, and then once that was closed, we then filed with the local title companies to basically transition the title from the owner into this new SPV we created. (05:40):So the piece that's truly on chain are the NFTs we created to represent ownership, but we're pretty much a Web 2.5 company where we do need to know who exactly owns what tokens, and we only whitelisted wallets can effectively trade them between themselves. So we file these as Reg D 506, security, private placement offerings, and in that regulation you have to hold the investment for at least a year. You can't trade it for that initial year, and then after that you can sell it through our platform either back to us or eventually want to allow for peer-to-peer trading, but we need an alternative trading system license for that, which we don't have yet. So the majority of it's going to be people selling it back to us and then us reselling it to the next person. Brian Friel (06:23):That makes a lot of sense. That was going to be one of my follow-up questions because given the permissionless nature of most tokens by default on chains, I was wondering how that works within a legal framework. You mentioned this first home that you guys tokenized from what I saw, it sold out within the first two weeks. It was a great success, but you guys basically just proved a use case that, "Hey, within the legal framework of how this exists today, this actually works." I think we could get into in this podcast talking a lot about where you guys see this going in the future and how this whole process is going to evolve. But can you talk a little bit about even just this first home that you guys tokenized and sold, what were some of the immediate benefits that you saw using Solana or blockchains in particular that might be different than the normal process? Domingo Valadez (07:09):I think a lot of the benefits are for users, not for us as the company doing it. So there was still a lot of complexity when it came to structuring all this and every single home we tokenize and sell on the platform has a lot of complexity behind the scenes, but for the end user, people could literally invest in this first home within five minutes. That's how long it took some of our users to purchase these tokens. And then they're just relying on us to do all the paperwork on the backend. Moving forward, we're going to be distributing out all funds using USDC, we're actually partnering with Circle. They're our money transmitter. They're the ones basically sending out all the funds to every single holder and we're going to be doing that monthly. (07:46):So as an end user, you just became a fractional owner in this property. You don't need to deal with any sort of property management headaches. You get your passive income and when you're ready to sell, you can just sell it back to us. We're going to be partnering with blockchain home registry to showcase the value of the properties monthly, and so you'll be able to sell it at true fair market value as dictated by five different data points of trusted institutions saying, "This is what the value of that property should be." Brian Friel (08:11):That's pretty awesome. One thing I want to hit on too is you mentioned that there's accredited investor checks, but is this also open to non-accredited investors as well? Domingo Valadez (08:19):We can have up to 35 non-accredited investors participate per home offering. It's limited to that just by the Reg D 506 B offering that we do, but we can have unlimited accredited. So moving forward, we think the 35 non-accredited spots will be taken pretty quickly because of course that's the main use case for people where they see the main value in what we're doing. But yeah, we plan to switch to Reg A offerings in the future and that'll allow anyone to participate. No limitations whether accredited or non-accredited. Brian Friel (08:47):These terms, accredited investor, unaccredited, Reg A, they're very, I would say US-centric. There's a lot of particular nuances to US investing laws that maybe contribute to why folks like us are interested in these kind of products. We can't always afford residential real estate in areas that we live and work. Is Homebase exclusively focused on the US Do you guys also see this problem internationally and can you talk a little bit about maybe how the US differs from some other major markets internationally? Domingo Valadez (09:17):The US probably has the toughest regulation when it comes to this. So for us, we very much wanted to tackle one of the hardest markets and also two of the three co-founders are US based, are three co-founders in Canada and both markets so similar, very, very expensive real estate in any sort of big city all feel priced out. So we really all align in the mission behind this. Our initial launch market was in McAllen, Texas, so that's where I'm originally from. So it was very near and dear to my heart to launch there and see properties that I grew up with actually get access to the internet and get tokenized in that capacity. But we'll stay likely in the US for the near medium term, but we do want to allow international investors to participate as well. So we've already been reached out to by a few big players internationally that want to be LPs in our future properties and then they can sell it to some of their customers as well, and that's how we'll open it up and expand the pie to international investors as well. Brian Friel (10:12):I love that. So you mentioned when you did the high level overview of how this process works, essentially onboarding people one by one, taking video calls with them, making sure they understand the process, having to give them tokens that there's restrictions on how they can actually be sent to different people if they want to resell. It oftentimes having to go through you guys that whole process and then I'm sure even just the whole process of you setting up these legal entities as Homebase and your Web 2.5 company right now, there's a lot of legwork that you guys are doing on the back end, abstracting this out. (10:45):I think listeners of this could imagine a world where one day this is all pushed more to the edges, to the actual token holders and owners themselves. How do you guys think about how this is going to evolve over time? Which pieces of this do you think potentially in the next couple years could be more evolve, looking in areas where you guys maybe at Homebase aren't doing as much legwork and which areas do you think are going to be a little bit slower to evolve over time? Domingo Valadez (11:12):US real estate's very locally driven. Not only do you have to follow federal regulation, you also have to follow state regulation. You also have to follow local regulation all the way down to the county level. And so understanding each of those three layers of regulation is really important. And so that drove a lot of where we first launched. So Texas is very pro landlord, they're pro tendency in common, so it was very easy to fractionize the property there and they don't have any sort of transfer taxes. So if I sold my tokens to you, other states or other cities would charge a tax on that, Texas doesn't. So that was a big piece that kind of decided where we even launched on the piece about where we're going and what do I think is going to get better over time. One of the big reasons we even did this on chains, we've had a lot of people say, "Why don't you just fractionize this without blockchain that's so complex, you're making your process harder." (12:00):It's really about the secondary financial implications of what it means to have things decentralized and on an open platform. So for example, we're already in discussions with an on chain lender to allow people to collateralize their tokens to actually take on chain debt. No bank, no credit score required, literally just you collateralizing your tokens to take on debt and that to me is a beautiful thing. You cannot own any piece of a home without a mortgage under your name or a bank, someone getting involved and checking out your credit score. So that to me is really, really exciting and something we can already do with the first home moving forward. Another piece would be as regulation gets looser, having more clarity around allowing peer-to-peer trading. So alternative training license is what we're going to be going for relatively soon, and that's going to allow for people to trade within themselves so they don't have to sell it back to Homebase, but actually allow for peer-to-peer trading. (12:55):To me, it's really just like all of the applications that then could get built on top of having real estate completely tokenized on chain is what gets me excited about the Web3 space. I think the pieces on the regulation that's going to push back is making sure everyone's KYC, making sure you know who your users are, making sure they didn't launder any of their money. But yeah, I think that's one of the biggest benefits of Web3 and creating liquidity in a market that's historically been pretty illiquid and at a very, very high prices. Brian Friel (13:23):Yeah, I think you're right. There's this element of composability that comes with this when this is native to the internet, it's online and there's a token, anyone can [inaudible 00:13:34]. Then like you said, build a lending market around that. And there's a world where one day you guys aren't even involved with that decision, it's just someone can just sole end or another project can say, "Hey, we already have this lending market and we accept these tokens now as collateral." My gut tells me that you guys are doing this by the book. That regulation is going to be the rate limiting step in all of this as it starts to go. How do you guys see the current regulatory landscape in the US and you mentioned that there's some differences not just federally, but on state levels and on county levels. Can you talk a little bit about that and why maybe you guys are choosing to start in Texas and where you guys, I mean maybe foresee the next markets that you guys are expanding to as well? Domingo Valadez (14:18):You're absolutely right. Regulation's going to be the inhibitor on doing a lot of Web3 related transactions for properties. I think Coinbase getting sued by the FCC is going to provide a ton of clarity around... Or that's my hope at least a lot of clarity around how Web3 companies should be operating. I think there's been a lot of confusion around what's legal, what's not legal. So just to keep our users safe, we chose the web2 legal approach where we tried being as closely to the book as we can in case things go wrong or awry. Our users are completely fine and we feel very confident with that. But of course as we continue scaling the company and getting bigger, we love for these secondary applications like a Solend. To just say, "Hey, we just created this lending platform, we actually don't need your permission to do it. We can just trade." (15:05):That to me would be amazing because that means we're succeeding in actually bringing homes on chain and tokenizing them and letting people do what they want with their assets. But the regulation's really going to kick in until then. Texas was great because it was very landlord friendly, very easy to fractionize the property and no taxes associated with that. We'll likely continue to stay in Texas for the near to medium term, we're in McAllen now, plan to go to Austin later this year. (15:31):Other markets we'd likely open it in would be Colorado is also pretty open to this. So is Florida, specifically Miami is pretty pro Web3 and pro tokenization. It would be very, very city state dependent on what laws they have in place and how we can make this work. For example, even us opening it up to international investors, that requires us to redo some of the legal structures we have to allow for international investors to even invest. So we're going to very much rely on partners that say... There's a lot of demand in Latin America, for example, specifically from this country, "Okay, that's going to be the first country we allow to invest internationally just because of the regulatory piece of that." And we don't want any of our users to worry about that. So we're trying to remove all that complexity for end users while Homebase deals are all the complexities around that. Brian Friel (16:19):That makes a lot of sense. Miami, Florida doesn't sound like the worst place to be a homeowner as well, so that aligns pretty nicely. Taking a step back as an end user who's thinking about this, let's say that somebody has a Phantom wallet, they've experimented with sending some crypto to their friends, they maybe have a few NFTs. What would they need to know to feel confident in taking this next step and being an owner of residential real estate? Is it as simple as just showing up to your guys' website, hitting connect wallet, filling out a couple forms in a Zoom call? Is there anything that they need to do after they've already completed the purchase or other things that they should be aware of? Essentially, could you walk us through the user journey from getting their first wallet to actually being a homeowner? Domingo Valadez (17:05):Yeah, absolutely. So funny enough, for our very first property, we actually had a lot of new to Web3 users participate. So plug for you guys, we had Phantom as the preferred wallet for people to create and effectively onboard into the Solana ecosystem. And I think something that was very beautiful about this was people could upload their money into Coinbase, send Solana or USDC and Solana to their Phantom wallet and see it happen in two seconds within the call that we were helping them do it. So I don't think it's the same thing for other chains, but that's something that Solana does really, really well. So once you have a loaded wallet, you as you mentioned, have to make an account on our website, you do need a KYC, you set up a quick call with us, just it's your way of understanding who we are as founders and you can ask us questions directly. (17:50):It's really just to build trust with people. But once we have a home that's live, you literally just go to the property page, you connect your wallet that we've already whitelisted preemptively, and then you can just buy however many tokens you like. So every single token is denominated in a hundred dollars, so everything's transacted in USDC and you can just buy however many tokens you like, they immediately get minted to your wallet and then you get sent DocuSign links to sign that'll make you truly a fractional owner of the legal entity we spun up to acquire that property. So once you purchase it and everything closes, you don't need to worry about anything. We know exactly whose wallets hold what tokens, and we just start sending you your proportional amount of net rent every month and then you can decide to sell whenever you'd like. Brian Friel (18:35):So there's no upkeep. Part of the joys of being a landlord is things break in houses, there's taxes, property taxes to pay, all this kind of stuff. All of that is abstracted away from an end user. Domingo Valadez (18:47):So any home we list on our platform, we charge an extra 5% fee and that's really just to have a capital reserve pool. So if anything breaks, like we as Homebase have a property manager, they'll go out and fix it and then we refill that reserve pool with rent. So the goal is to never ask people that purchased it for money, we can refill it ourselves with the rent we collect, which is what's beautiful about real estate, it's cash generating and in terms of property taxes, we handle everything from that end. We do distribute K1s to everyone at the end of the year because everyone has their own personal income taxes they need to pay. So we can't force you to pay them, but we can give you all the information you need to pay them on your behalf. Brian Friel (19:25):That makes a lot of sense. I was also thinking when we talked earlier about the layers of this that could be abstracted away and evolved over time, that's potentially one of them, but I'm not sure if people actually at the end of the day want that. Is there a world where there's Homebase down people are voting on how do we pay for fixing the plumbing leak? I have a feeling that that's a service that all owners here are pretty glad that you guys are handling on behalf of them. Domingo Valadez (19:50):Yeah, one thing that is true though is people can vote us out. So we're the default manager of the property, but if you're not happy with the job we're doing, you can absolutely vote us out. Brian Friel (19:58):Oh, that's interesting. How does that vote happen? Is that an on chain vote with tokens or how did you guys set that up? Domingo Valadez (20:05):Yeah, so not on chain right now, but theoretically you're truly an owner of the LLC and you have voting rights in that LLC. So if people just came together and said like, "Hey, we want to vote them out." There's a meeting set up, people say like, "Yay, we want to remove Homebase." We won't be the manager anymore. It'll be up to the owners to pick a new manager and then that's how they can start facilitating the management of that property. Brian Friel (20:28):Wow, that's fascinating. Domingo Valadez (20:30):Yeah, we truly want people to be owners. Brian Friel (20:32):Oh, that's really cool. So I guess I have a couple questions here to kind of wrap up, but you mentioned that you guys are onboarding a lot of net new users to Web3, essentially people getting their wallet for the first time, maybe they don't fully understand how to use these wallets or the gravity of sending things on chain and the irreversibility of a lot of this. Do you guys have any particular insights from getting on calls with these people and walking them through this process? Do these users stay in crypto in your view? Do they stay engaged with it? Is it a steep learning curve for them? Basically, how as an industry are we doing at onboarding these people who maybe find crypto not because of crypto but because of a use case Homebase where they're just, it's a solution to their problem. Domingo Valadez (21:15):So very transparently, I'd say some people do have difficulty and it's a 30-minute call, and other people it's very easy. So I think something a lot of users asked for was like, "How can we abstract the complexities of wallets even further?" We're thinking about potentially having noncustodial wallets on our website where we partner with someone that basically just showcases the wallets directly there and then for an end user, it doesn't matter if it's crypto, you just know you own tokens in a property, you didn't have to create any wallet, it was automatically created for you. But for the people that do know Web3 and have their own Phantom wallets, have their own personal wallet, they can do what they like with those tokens and use on chain, that sort of piece. So I think for the industry to continue to expand, we need to continue to make it easier for people to onboard, abstracting away a lot of the complexity is something that'll continue to be key to keep widening the pie for everyone. Brian Friel (22:09):Totally. I can't imagine the call where someone buys a bunch of shares in a residential property and then forgets their seed phrase so, these are things that we're thinking about as well. I mean, I liked that framing of essentially giving users the easy option to start and the optionality to eject from that and really take control if you really know what you're doing. I think that's awesome. Domingo Valadez (22:31):Absolutely. Brian Friel (22:32):Well, this has been an awesome discussion, Domingo. Before we wrap up with one closing question, I always ask everyone I want to know for you too, what excites you the most right now from where you guys sit in this new field of on chain residential real estate, where are you guys heading next and what do you think is the most exciting next frontier? Is it new markets? Is it improvements in the way this is happening on chain? Is it in regulation? Or maybe it's something completely different that you guys are seeing? Domingo Valadez (22:57):I'd say one of the biggest drivers for me for building Homebase, we want to redefine home ownership and what that even means, I think we'll continue to see real estate prices keep getting more and more unaffordable for folks. And I think being a homeowner's going to start being a privilege, which is a really sad reality. Unless we have true government intervention come in and add more housing supply, I think it's going to get worse. And so with that reality, it's like it's up to private markets to figure out how do we actually make more people homeowners? So something we care a lot about at Homebase and something we're very mission driven about is making the tenants that live in these properties, also fractional owners of them. And so getting people comfortable with the idea of only owning 10, 20, 30% of their property, but still feeling like an owner of that property. (23:42):And so for this very first home, for example, Homebase bought an extra piece of it so that we can offer it to the tenant to actually buy it from us so that they can also be a fractional owner of the apartment they're living in. And so in 10 years we want Homebase to be the destination for renters. When you're moving to a new city, you use a Homebase platform, you find an apartment, you move in, you buy 30% of the value, and now you're a fractional owner of that property. So that's why Web3 excites me. You can completely do this in an open liquid market and we're trying to facilitate that through Homebase. Brian Friel (24:14):Yeah, that's putting skin in the game too, right there, you're a renter and you actually have upside if you treat the place well. That's pretty cool, and I think that's kind of spinning the model on its head in a really crypto native and interesting way. And I love that framing. Well, Domingo, this has been an awesome discussion. One question we ask all of our guests, and I want to know this for you as well, is who is a builder that you admire in the [inaudible 00:24:38]. Ecosystem? Domingo Valadez (24:38):Okay, this is going to be a total cop out, so I'll give you two. My first one's [inaudible 00:24:44]. I love that man's Twitter content. I feel like the way he speaks, he's clearly very, very technical, but also very good at bringing things to a high level and explaining things. And it's no secret that Solano ecosystems gotten a lot of heat from a lot of third parties where the day FTX went down, someone from the Binance blockchain basically told me I was dumb to continue building on Solana and was really trying to pull us to build on their chain. (25:09):And I was like, "I think the leaders of Solana are taking this very well and are being very, very thoughtful about how they're moving things forward." So that's the first piece really, really like [inaudible 00:25:19]. The second one's [inaudible 00:25:21]. I love his content. He's been a champion for Solana and you can always rely on that guy to call out people that are spewing fake news about the chain and really showcase his technical know-how of how things truly work behind the scenes. So I think those are probably my two biggest, I fanboy over both of them a good amount. Brian Friel (25:43):I think those are both great choices. And a sneak peak, you mentioned that the [inaudible 00:25:47]. Recording was just before this, but [inaudible 00:25:49]. Also mentioned [inaudible 00:25:50]. As his choice. So you're in good company there. Part of what [inaudible 00:25:55]. Was saying too is he loves people that are building pragmatic applications that can "Only be done on Solana TM." And I think Homebase is a really awesome shiny example of that. So thank you so much for taking the time to walk us through it. I'm super excited. I'm going to have to check it out, bring my Panama to it. I know nothing about residential real estate, but I think you've given me the confidence to give it a try today. For folks who want to check it out, where can they go to learn more about Homebase? Domingo Valadez (26:22):Yeah, you can go directly to our website, which is Homebasedao.io. Brian Friel (26:26):I love it. Domingo Valadez (26:27):Everything's completely transparent on our website, we even have a white paper that goes into all the technical pieces, whether it's the legal side, whether it's all the technical side on the blockchain component piece. So we're very, very transparent and we also have a discord where we answer questions as people have them. Brian Friel (26:42):That sounds great. Domingo the co-founder of Homebase, thank you so much for coming on. Domingo Valadez (26:48):Absolutely. Thanks so much, Brian, for having me.   

This podcast episode was recorded on Monday, May 1, and released to premium subscribers a day later. To get early access to podcast recordings and take advantage of a host of other exclusive benefits, sign up to become a premium member at our Substack or Supercast. Brady Dale joins the podcast to discuss his book, 'SBF: How the FTX bankruptcy unwound crypto's very bad good guy' and offer his thoughts on the present and future of cryptocurrencies. Content Highlights Who is Sam Bankman-Fried exactly? Is he a crook? (Yeah, probably) Misunderstood? The author has known SBF for awhile and states that his subject was initially motivated by effective altruism, or EA ... (1:27); FTX was undone by its special treatment of Alameda. If it wasn't for that, "Sam would still be on the news all the time" today (10:54); Bankman-Fried's apparent misreading of crypto cycles led to ill-timed bets after Bitcoin hit an all-time high in November 2021 (14:26); In one of SBF's last conversations with the author, SBF claims he is unlikely to get a fair trial due to being proverbially hung already in the courts of opinion (17:59); Where does SBF rank among other financial market fraudsters? Perhaps Long Term Capital Management is the closest comparison... (23:52); Background on the guest, including what got him to write the book on SBF (34:03); Cryptos should eventually become a normal part of the economy. In many ways the story of SBF vindicates this (38:26); The world only really needs three blockchains: Bitcoin, Ethereum, and Dogecoin (44:28); Crypto regulation was supposed to have happened already, but it all seems to be talk (49:58). More From Brady Dale Purchase the book from Wiley or Amazon; Twitter: @BradyDale; Subscribe to his Axios newsletter.

Sam Bankman Fried, the former CEO of FTX and one time darling of the elite, has been arrested on multiple counts including: conspiracy to commit wire fraud on customers, wire fraud on customers, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to defraud the United States and violate the campaign finance laws.The arrest comes one day before he was supposed to appear before lawmakers in D.C.(commercail at 7:06)to contact me:bobbycapucci@protonmail.comsource:https://www.nbcnews.com/tech/crypto/disgraced-ftx-ceo-sam-bankman-fried-orchestrated-years-long-fraud-inve-rcna61414

This episode is sponsored by Brave. We're coming to you from the Brave Podcast Studio at Consensus 2023. Brave is the privacy browser used by almost 60 million people worldwide. It has everything you need to stay safe online. Check them out at brave.com.During the third day of Consensus 2023, Michele Musso, senior producer of podcasts at CoinDesk, spoke with Senator Cynthia Lummis (R-Wyo.) about the current state of crypto regulation and innovation, the national security risks associated with "offshoring" crypto and Gary Gensler's message of resistance.Additionally, the Senator discusses the importance of diversifying your portfolio with crypto and bitcoin, the devaluation of the U.S. dollar and the influence young people have in this space.Last year both Senator Lummis and Senator Kirsten Gillibrand (D-N.Y.) introduced landmark legislation to create a regulatory framework for crypto called “The Responsible Financial Innovation Act.” They will reintroduce a revised version with more statutory language. See more: Read full coverage of Consensus 2023 hereS.4356 - Lummis-Gillibrand Responsible Financial Innovation ActHow the Lummis-Gillibrand Responsible Financial Innovation Act (S. 4356) Would Alterthe Crypto Regulatory LandscapeDetailed Discussion: Cynthia Lummis Introduction. 0:00 The financial innovation act, responsible management of crypto assets.Regulation regulation regulation regulation 2:15The status of regulation in the US.The need to legislate sooner.Resistance message from Gensler. 4:45McHenry spoke directly to Gary Gensler.Gensler did not give a straight answer to McHenry.Legislation on crypto regulation. 6:24Playing catch-up ball, providing executive branch guidance.Working carefully to listen to feedback post-FTX failure.Intelligence officials have flagged national security risks. 8:08Adjusting the bill to avoid stifling innovation.National security risks of crypto.Staff Accounting Bulletin 121. 9:42Staff accounting bulletin 121 and how it is impacting the industry.Custody assets belong to individuals.Should I buy cryptocurrency in 2023? 11:40Inflation is eating into the value of the U.S. dollar.Diversified asset allocation.The importance of diversifying your portfolio. 13:41Have a diverse set of assets in retirement.Get advice from knowledgeable young people.How did the Senator become interested in Bitcoin? 15:27Senator Lummis purchases Bitcoin.The Satoshi roundtable in Cancun.Elevating knowledge and discussion in the US Senate.The need for innovation in digital assets. Close Out - Thank You CoinDesk! From our sponsor:Brave is the privacy browser used by almost 60 million people worldwide. The built-in Brave Wallet is your secure passport to Web3. It supports over 100 chains, fiat purchases, swaps, NFTs, and even connects with other wallets and DApps. All right in your browser. No risky extensions, no spoofing. Learn more at brave.com/wallet.This Episode of Consensus Conversations has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Music is Get Down” by Elision and Image credit: Kevin Ross.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The failures of Silicon Valley, Silvergate, and Signature banks created waves across the financial sector, but perhaps not more so than in the crypto sector. A sector already dealing with the high profile failure of the cyrptocurrency exchange FTX. What does it all mean? And what's next for crypto? Kathy Kraninger joins the podcast to talk about the bank failures and her work on cryptocurrency regulation. What is blockchain? How resilient is the cyrpto market? Can it democratize financial markets? What exactly is DeFi? Get all the answers on today's episode.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Marc Cohodes was the subject of the prior episode titled "Life's Too Short." Marc returns to the podcast to talk about figuring out the FTX scheme, using that to short Silvergate, and Signature Banks, and also the banking turmoil that has followed.Follow Marc on Twitter:https://twitter.com/AlderLaneEggsLife's Too Shorthttps://podcasts.apple.com/us/podcast/lifes-too-short/id1527018692?i=1000498472731Odd Lots episode with Sam Bankman-Friedhttps://podcasts.apple.com/us/podcast/sam-bankman-fried-and-matt-levine-on-how-the/id1056200096?i=1000531062191Alan Lane on the Pomp Podcasthttps://podcasts.apple.com/us/podcast/alan-lane-ceo-of-silvergate-why-bitcoiners-shouldnt/id1434060078?i=1000457223824Risk of Ruin Newsletterhttps://riskofruinpod.substack.com/Follow the show on Twitter: https://twitter.com/halfkelly

Sidney Powell, CEO and Co-Founder of Maple Finance came to my show to to discuss how they tolenize T-bills and other assets and why he thinks DeFi can become 100 times larger than it is right now.  Sidney Powell: https://twitter.com/syrupsid ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.

Matt and Nic return for another week of news and deals. In this episode:  What's the deal with south shore bar pie? We review Consensus in Austin Nic's 2022 Coin Center dinner incident Nic's gas siphoning incident First Republic appears heading for collapse Why was First Republic given time to save itself but not Signature? Block partners with Yellowcard for cross-border African payments Open Exchange's purported investors deny investing in the business Coinbase is setting up operations in Bermuda Coinbase is suing the SEC for clarity Hong Kong embraces banking for crypto firms NYDFS Superintendent Harris denies that crypto caused the Signature collapse The Biden admin is backpedaling on whether crypto contributed to the banking crisis House Republicans probe financial regulators for info on de-banking of crypto The FBI has searched the home of FTX's Ryan Salame We reminisce on FTX' Crypto Bahamas conference Why is flare gas mining better than the alternative? Nic's music royalties situation Nic resolves his differences with the Bitcoin 2023 conference Content mentioned:  The Hong Kong Monetary Authority, Embracing new opportunities and accessing banking services Letter from Reps Hill, Huizenga, and McHenry to key financial regulators TVP, The Emerging Bitcoin-Native Venture Capital Landscape Sponsor notes:  Coin Metrics presents State of the Network Foundations: Blockchain Addresses: This week's State of the Network kicked off the new Foundations series, which looks to present various technical aspects of blockchain technology in an approachable way. In the first report, Coin Metrics breaks down the concept of an 'address,' the fundamental unit of identity in the world of crypto.

A song featuring A.I.-generated versions of Drake and the Weeknd went viral — before being taken down by streaming services. Is censorship of A.I.-generated songs the way forward? Or can singers benefit from synthetic voices, as some artists like Grimes are suggesting?Then, HatGPT: Kevin and Casey pull headlines out of a hat and generate their own takes on the news.And Ben Smith, the former BuzzFeed News editor, discusses the end of the 2010s digital media era.On today's episode:Ben Smith is a journalist and co-founder of the digital media company Semafor. He was a New York Times media columnist and the first editor in chief of BuzzFeed News.Additional reading:An A.I.-generated song made to sound like Drake and the Weeknd went viral before being taken down by streaming services.Grimes invited fans to make songs using A.I.-generated versions of her voice.Snapchat saw a spike in one-star reviews after users criticized its “My AI” feature.Taylor Swift did not invest in FTX, the collapsed cryptocurrency exchange company.Researchers turned a goldfish into a cyborg.The Republican National Committee released an A.I.-generated ad slamming President Biden.The U.K. blocked Microsoft's $69 billion bid for the video game company Activision.Ben Smith's book, “Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral,” is an origin story of digital media.A BuzzFeed article set off a viral debate on the color of a dress.