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MARKETS DAILY: China Picking Winners While Traders Wonder
This time we're talking winners and losers in China's increasingly top-down crypto industry, the implications behind former CFTC chairman Giancarlo's just-announced move to white-shoe law firm Willkie Farr & Gallagher, and more.
Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action in the markets, interesting longer-term trends and some of the most important crypto industry developments of the day.
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On today’s episode:
- Crypto and traditional markets update
- China's increasingly top-down crypto Industry
- Former CFTC chair Giancarlo joins Willkie Farr and Gallagher
- Stolen UpBit Ether Moving On the Blockchain
⚠ 10,000 #ETH (1,468,690 USD) of stolen funds transferred from Upbit Hack Nov 2019 to unknown wallet
— Whale Alert (@whale_alert) December 3, 2019
Tx: https://t.co/ajrvYLxFud
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"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon.
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- Down sharply earlier Saturday, bitcoin moved to gains on the day after President Trump announced a peace agreement with Iran and other Middle Eastern countries.
- As part of the deal, Trump said, the Strait of Hormuz will be reopened.
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