Originally aired on August 4, 2023
In her latest episode, host Wendy O covers several topics related to cryptocurrency markets and news. She starts by discussing a new staking feature announced by crypto exchange Bitstamp that allows users to earn rewards on their XRP holdings. While exciting for the XRP community, Wendy cautions viewers to understand the risks of lending crypto on exchanges. Next, the show covers the recent exploit of Curve Finance, a decentralized finance (DeFi) protocol, where hackers stole $61 million by exploiting a coding vulnerability. Wendy and her panelists dive into the risks of smart contract bugs and potential contagion in crypto markets.
Later in the episode, Wendy expresses strong criticism of Worldcoin’s digital identification system after reports that governments and corporations may leverage it for surveillance or universal basic income distribution. From a tech perspective, her guest argues that loss of privacy is inevitable with modern technology. On the Bitcoin price, Wendy’s trader guest analyzes support levels on the chart between $25-27k, expecting more downside. The financial advisor guest takes a more optimistic long-term view based on increasing institutional adoption. Overall, it’s an insightful mix of crypto news, trading analysis, and technology discussion.
What big XRP announcement did Bitstamp exchange recently make?
- Bitstamp launched XRP staking rewards up to 2% APY, allowing users to earn passive income on their holdings.
What major exploit hit Curve Finance DeFi protocol?
- Hackers stole $61 million by exploiting a coding bug in Curve’s smart contracts.
What does Wendy warn about Worldcoin’s digital ID system?
- She fears governments and companies will use it for surveillance and universal basic income.
Where does Wendy’s trading expert guest see the Bitcoin chart heading next?
- He expects more downside, with support around $25-27k if $22.8k breaks.
Why does the financial advisor guest remain long-term bullish on Bitcoin?
- Increasing institutional adoption and possibility of China stimulus provide upside.
DB CRYPTO Tech dude
00:00 – Intro
00:30 – Guest introductions
05:35 – Crypto market update
15:00 – XRP Ripple exchange announcement
18:45 – XRP price analysis
25:20 – DEFI contagion and Curve Finance hack update
39:20 – Worldcoin creepy news
45:20 – Follow todays guests on socials!!