Breaking news and insightful views: Decentralizing with Cointelegraph launches a new style of podcast curated for you by the Cointelegraph news team.
Breaking news and insightful views: Decentralizing with Cointelegraph launches a new style of podcast curated for you by the Cointelegraph news team.
Decentralizing with Cointelegraph, hosted by global reporter Joe Hall, breaks down the most impactful and breaking news from the crypto market from the past week. From the fallout from the Silicon Valley Bank and Consumer Price Index to Bitcoin’s (BTC) price’s brief surge above $26,000, the period of the week beginning March 12 was historic.
Fortunately, seasoned trader and analyst Marcel Pechman was on the microphone to educate and provide information to listeners. Pechman told listeners:
“At the very time the problems started to surface, the FDIC assured people that they would cover up to $250,000, so there was no need to panic.”
The pair dove into the stories surrounding Silicon Valley Bank, whose liquidation sparked panic and uncertainty in trading and then crypto markets. The Cointelegraph editorial team has put together a detailed timeline of the Californian Bank, which went out of business last weekend.
Pechman also shed light on the significance of the event, drawing on the experience of his native Brazil, which experienced breakneck monetary inflation in the 1980s.
Next, the cut of the banking sector was put under the microscope. Pechman and Hall delved into the hows and whys of Paxos, Coinbase, and even Celsius’s precarious position. The cryptocurrency giants were cut off from TradFi banking.
Ultimately, the pair ended on a lighter tone, trying to understand, without much emotion or bias, why the price per token on the Bitcoin protocol had shot up more than 20% since the start of the week. Pechman explained that it was not due to the most recent print of the Consumer Price Index (CPI):
“I don’t think the CPI is the cause of the rebound. The headline came with a 6% year-over-year price increase, which is substantially above the Federal Reserve’s 2% target.”
There was also a brief cameo from Rishi Sunak, the CBDC-friendly UK Prime Minister, as Hall tried to pose as one of the richest people in Britain.
Related: The Agenda podcast talks crypto, media and ethics with Molly Jane Zuckerman
Decentralizing with Cointelegraph is part of a new set of audio offerings. From Hashing it Out and The Agenda to Crypto Trading Secrets and NFT Steez, Cointelegraph is speaking up after informing, educating and entertaining viewers and readers across the crypto market for a decade.
