Cryptocurrency winter is coming

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hello and welcome back to Chain reaction a podcast where we unpack and explain the latest crypto news, drama and trends, breaking it down into blocks for the curious.

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You have probably heard that the markets are suffering, and cryptocurrencies are suffering especially hard. In this week’s edition, we talked about what the impending “crypto winter” or recession could mean for both public and private companies after a period during which huge rounds of crypto funding seemed to happen almost daily.

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we followed fiasco at Terraform Labs, which governs the algorithmic stablecoin UST and its sister currency LUNA. UST is supposed to track the US dollar with 1 UST = 1 US dollar at all times, but it lost its peg this week and chaos has unfolded ever since, putting downward pressure on the biggest cryptocurrencies, bitcoin and ethereum. If this sounds abstract and confusing to you, we feel for you. That’s why we’ve taken some time to figure out what’s really going on behind the scenes with UST and why this new stablecoin is so important to the crypto ecosystem right now.

Our Guest: Kevin Rose of the Moonbirds

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Who better to share words of wisdom for startups and investors facing a market crisis than someone like True Ventures investor Kevin Rose. who is speaking is it his “tenth or so” crypto slump? Kevin also co-founded Proof Collective, a private community of NFT collectors that launched the Moonbirds NFT viral project last month. He told us about the ethics of running a crypto project, why he was taking money from traditional venture capital despite having raised tens of millions from the Moonbirds Mint alone, and his thoughts on charging people over $40,000 for a JPEG (current price to catch a moonbird).

Episodes of the Chain Reaction podcast air every Thursday at 12:00 pm PT. Follow us at Apple, Spotify or your alternative podcast platform to keep up with us every week.

Episodes of the Chain Reaction podcast air every Thursday at 12:00 pm PT. Follow us at Apple, Spotify or your alternative podcast platform to keep up with us every week.

Episodes of the Chain Reaction podcast air every Thursday at 12:00 pm PT. Follow us at Apple, Spotify or your alternative podcast platform to keep up with us every week.

Episodes of the Chain Reaction podcast air every Thursday at 12:00 pm PT. Follow us at Apple, Spotify or your alternative podcast platform to keep up with us every week.




Credit: techcrunch.com /

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