1 hr 1 min
Why DCG is Crypto's Enron Moment | Ram Ahluwalia Empire
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- Investing
In today's episode of Empire, we take an in-depth look at the controversies surrounding DCG (Digital Currency Group) with our special guest, Ram Ahluwalia. Ram sheds light on the complex DCG saga involving Barry Silbert, 3 Arrows Capital, and the 'Widow Maker' trade that entangled several entities, including Gemini and Grayscale. The team discusses the case and the roles played by various figures and corporations, challenging decisions made along the way, and contemplating what could have been done differently. To close out they speculate on the fate of Grayscale and the broader implications for the crypto and venture markets.
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Follow Ram: https://twitter.com/ramahluwalia
Follow Jason: https://twitter.com/JasonYanowitz
Follow Santiago: https://twitter.com/santiagoroel
Follow Empire: https://twitter.com/theempirepod
Subscribe on YouTube: https://tinyurl.com/4fdhhb2j
Subscribe on Apple: https://tinyurl.com/mv4frfv7
Subscribe on Spotify: https://tinyurl.com/wbaypprw
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracles. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.
Learn more about Chronicle Protocol: https://chroniclelabs.org/
Join the Chronicle Labs team: https://chroniclelabs.org/careers#open
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Timestamps:
(00:00) DCG, Genesis, Gemini Case Overview
(04:17) The Widow Maker Trade
(12:45) Was this all avoidable?
(18:02) $1.1B Promissory Note
(23:21) Worse than Enron
(28:06) Systemic Risk & Recouping Creditors
(35:09) Chronicle Ad
(36:27) Is Gemini Responsible?
(43:46) Contagions and Second Order Effects
(50:23) Barry's Empire
(57:19) Does a New Genesis Happen?
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Resources
Ram DCG Threads
https://twitter.com/ramahluwalia/status/1594153586157670403
https://twitter.com/ramahluwalia/status/1716218498341597430
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
In today's episode of Empire, we take an in-depth look at the controversies surrounding DCG (Digital Currency Group) with our special guest, Ram Ahluwalia. Ram sheds light on the complex DCG saga involving Barry Silbert, 3 Arrows Capital, and the 'Widow Maker' trade that entangled several entities, including Gemini and Grayscale. The team discusses the case and the roles played by various figures and corporations, challenging decisions made along the way, and contemplating what could have been done differently. To close out they speculate on the fate of Grayscale and the broader implications for the crypto and venture markets.
- -
Follow Ram: https://twitter.com/ramahluwalia
Follow Jason: https://twitter.com/JasonYanowitz
Follow Santiago: https://twitter.com/santiagoroel
Follow Empire: https://twitter.com/theempirepod
Subscribe on YouTube: https://tinyurl.com/4fdhhb2j
Subscribe on Apple: https://tinyurl.com/mv4frfv7
Subscribe on Spotify: https://tinyurl.com/wbaypprw
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracles. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.
Learn more about Chronicle Protocol: https://chroniclelabs.org/
Join the Chronicle Labs team: https://chroniclelabs.org/careers#open
- -
Timestamps:
(00:00) DCG, Genesis, Gemini Case Overview
(04:17) The Widow Maker Trade
(12:45) Was this all avoidable?
(18:02) $1.1B Promissory Note
(23:21) Worse than Enron
(28:06) Systemic Risk & Recouping Creditors
(35:09) Chronicle Ad
(36:27) Is Gemini Responsible?
(43:46) Contagions and Second Order Effects
(50:23) Barry's Empire
(57:19) Does a New Genesis Happen?
- -
Resources
Ram DCG Threads
https://twitter.com/ramahluwalia/status/1594153586157670403
https://twitter.com/ramahluwalia/status/1716218498341597430
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
1 hr 1 min