CoinMarketRecap, hosted by Connor Sephton, aims to break down the week's crypto news in a fun and accessible way. Research continually shows that consumers find cryptocurrencies difficult to understand — and we're determined to change that. We're available in all the places you get your podcasts — including Apple Podcasts,Spotify and Google Podcasts.Here's what happened on this week's show:
What caused CoinMarketCap's glitch?
We kick off with the story that really caught Twitter's imagination this week: a CoinMarketCap glitch that sent crypto prices a little doolally. It meant a single Bitcoin was worth $800 billion, Ether was priced at $40 billion, and Tether — which is meant to be worth $1 — was valued at $6 million. Molly Jane Zuckerman joined us to explain what happened — and said CoinMarketCap's servers were "overloaded" after clocking up 3 billion views in just 30 days. Listen to the best jokes about the glitch.
News roundup: NFT mistake, Tesla, crypto gifts
We also discuss the unfortunate NFT collector who accidentally sold a Bored Ape for $3,000 — far below the $300,000 price tag he was hoping for. Plus, Tesla is accepting Dogecoin as a payment method for merchandise… and Elon Musk is TIME's Person of the Year for 2021. Is he a worthy recipient? And Robinhood now allows users to purchase cryptocurrencies as a gift ahead of Christmas. But is this a present most everyday consumers would want to receive? Listen here.
WAGMI United vs Bradford City
A group of American investors who call themselves WAGMI United want to buy an English football club. They've set their sights on Bradford City — a League Two team in Yorkshire. WAGMI United plans to outspend rivals to ensure the team can rise through the rankings and enter England's top tier, the Premier League. Simon Parker is the chief sports writer at the Telegraph and Argus newspaper. He's covered the club for 21 years — and explains why he's against the takeover. Check out our interview.
Thanks for reading! Have a great day — more news tomorrow!