Coinbase Bankruptcy Scare, How Stablecoins Work, Terra (LUNA) Crash Broken Down w/ Simon Grunfeld (VP of Crypto at SIMBA)

In this episode, Shamus Madan chats with Simon Grunfeld about the advantages of stablecoins, the recent crypto crash, and the comparison between investing in stocks and cryptocurrency. They dive into Simba, a new platform for NFTs, discuss the regulation challenges of cryptocurrencies, and the role of Coinbase in user protection. They explore the future of crypto and the potential of Web 3 and NFTs in the upcoming decade.

Today Simon Grunfeld makes his 3rd appearance on the podcast to discuss:

• How the crypto founder Do Kwon caused Terra (LUNA) to lose 99% of its value
• How traditional stablecoins work and what they are used for
• What the Terra (LUNA) crash means for the rest of the crypto market
• How SIMBA Chain is working to prevent fraud across NFTs

and many more!

Twitter of Host: @mbitpodcast

Twitter of Guest: @SIMBAchain & @simongrunfeld

(0:00) Introduction and welcome to the podcast (0:48) Advantages and concept of stablecoins with Simon Grunfeld (3:44) Speculations on the cause of the crypto crash (8:08) Comparing investing in stocks and cryptocurrency (12:17) Introduction to Simba, a lifelock and yellow pages for NFTs (14:28) Regulation of NFTs and cryptocurrencies: necessity and challenges (18:48) Coinbase's regulatory compliance and user protection (24:06) Long-term future of crypto amidst market fluctuations (26:25) The potential of Web 3 and NFTs in the next decade (27:20) Closing thoughts and appreciation