19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)

June 17, 2022 01:09:53
19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)
Scam Economy
19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)

Jun 17 2022 | 01:09:53

/

Show Notes

Crypto critics David Gerard & Amy Castor join Matt Binder on Scam Economy to talk about the "Jenga stack of interconnected time bombs" that is this week's cryptocurrency crash. David and Amy breakdown how the entire crypto space is like a Jenga tower and all it takes is for one rug pull to knock down the stack, how Terra/Luna set the stage for the plunge, what Celsius is and why it was the next piece to take down what was left, what the role crypto exchanges like Coinbase play, why crypto hedge funds like Three Arrows Capital are now floundering, and how Tether, Bitcoin miners, and even Mt. Gox will continue to play a role in crypto's nosedive. Read David and Amy's piece, The Latecomer’s Guide to Crypto Crashing: https://amycastor.com/2022/06/14/the-latecomers-guide-to-crypto-crashing-a-quick-map-of-where-we-are-and-whats-ahead/ - Visit: ScamEconomy.com - Support the show: http://www.patreon.com/mattbinder

Other Episodes

Episode

October 07, 2022 00:55:58
Episode Cover

33: Who'll Stop Celebrities From Unlawfully Shilling Shady Crypto & NFTs to Their Fans? (w/ Bonnie Patten)

Bonnie Patten, executive director of Truth In Advertising (TINA), joins Scam Economy with Matt Binder to discuss the scourge of celebrity crypto and NFT...

Listen

Episode

August 26, 2022 00:33:01
Episode Cover

Immutable and the Push to Force NFTs on Gamers (Scam Economy Live Post Show BONUS Clip)

Another BONUS teaser of the Scam Economy Livestream Call-In Post Show! Jon from Australia calls BACK into the Scam Economy Livestream Post Show in...

Listen

Episode

August 18, 2022 01:19:56
Episode Cover

27: All Your Coinbase Are Belong To Us (w/ Ed Zitron)

Coinbase is America's #1 crypto exchange. Coinbase has also had a very, very bad couple of weeks. Ed Zitron joins Matt Binder on Scam...

Listen