Dan McArdle, cofounder of Messari and the creator of OnChainFX, discusses why tether misplaced its greenback peg, how the Gemini USD traded at above $1, and the way this was much like the time earlier than Mt. Gox imploded. We additionally talk about the importance of the Constancy information, plus McArdle’s thesis on how Bitcoin would behave in a recession — which is not the typical knowledge.
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Episode hyperlinks:
Dan McArdle: https://twitter.com/robustus
Messari: https://messari.io
OnChainFX: https://onchainfx.com
Tether falls in worth: https://www.coindesk.com/price-of-tether-stablecoin-tanks-to-18-month-low/
Gemini trades as excessive as $1.09: https://www.coindesk.com/gemini-stablecoin-volume-doubles-top-10-exchange-bibox-tether-turmoil/
Bitfinex’s banking scenario: https://theblockcrypto.com/2018/10/16/tether-has-found-a-new-bank-in-the-caribbean/
https://theblockcrypto.com/2018/10/16/bitfinex-appears-to-have-moved-its-business-to-a-hong-kong-bank/
Unchained episode during which I reply listener questions: http://unchainedpodcast.co/listener-mail-laura-answers-your-questions-on-the-markets-velocity-privacy-and-more-ep88
Constancy’s information: https://www.forbes.com/websites/michaeldelcastillo/2018/10/15/fidelity-launches-institutional-platform-for-bitcoin-and-ethereum/
Dan’s ideas on how Bitcoin might behave in a recession: https://twitter.com/robustus/standing/1010240675189805063
