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Bitcoin Breaks $28,000

Originally aired on October 4, 2023

In this episode of the Bad Crypto Podcast, hosts Joel Comm and Travis Wright discuss various news and trends in the Bitcoin and cryptocurrency market. They touch on topics such as the recent rise in Bitcoin price, the loss of funds in exploits involving Oracle networks, the confirmation of John McAfee’s suicide, the ban on crypto payments by Chase UK, the legal recognition of Bitcoin in Shanghai, and predictions of massive crypto use cases by 2030. The hosts also mention the ongoing trial of Sam Bankman-Fried, the CEO of FTX, and the potential growth of crypto funds in the coming years. Overall, the episode provides a comprehensive update on recent developments in the crypto market and highlights the continued potential for growth.

KEY TOPICS DISCUSSED

  1. Bitcoin Breaks $28,000 – The hosts discuss the recent rise in the price of Bitcoin, reaching $28,000.
  2. Losses in Exploits Involving Oracle Networks – Over $892 million has been lost in exploits targeting Oracle networks since 2020, leading to concerns about the vulnerability of cryptocurrency platforms.
  3. Confirmation of John McAfee’s Suicide – Spanish courts have confirmed that the death of crypto legend John McAfee was a suicide, despite previous statements and doubts about the circumstances surrounding his death.
  4. Ban on Crypto Payments by Chase UK – Chase UK has announced that it will block crypto payments due to concerns about fraud and scams in the cryptocurrency market.
  5. Legal Recognition of Bitcoin in Shanghai – Bitcoin has gained legal recognition as a digital currency in Shanghai, with the People’s Court stating that it is a nonreplicable digital asset protected by law.
  6. Predictions of Massive Crypto Use Cases by 2030 – A Coinbase executive predicts that there will be a significant increase in crypto use cases by 2030, indicating continued growth and adoption of cryptocurrencies.