This Week In Crypto

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify. The Sam Bankman-Fried apology tour continued this week, despite a number of high-profile lawyers — including one who represented Bernie Madoff — saying that SBF really needs to stop talking. Speaking of lawyers: as the bankruptcy winds through the courts, the 30-year-old has hired a new lawyer, Marc Cohen. Cohen had previously been one of the lawyers who represented convicted sex offender Ghislaine Maxwell. Also up for discussion on this episode: that big Ethereum move to proof-of-stake earlier this year — dubbed The Merge. We consider whether it’s really had a meaningful effect on energy consumption. A new academic paper asks: What if all those computers no longer employed on proof-of-work duty…have just been reassigned ….to mine other energy intensive tokens? And why is Senator Elizabeth Warren asking questions about digital-asset-focused Silvergate Bank? We find out. Bloomberg reporter Annie Massa and senior editor Dave Liedtka join the show to talk about these stories and more.

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