All the Banks are Broke (Bankless Society Incoming!) - Last Week Crypto

This is another episode of a weekly cryptocurrency news series called Last Week Crypto.

We cover the latest global news stories affecting the cryptocurrency markets October 11th through the 17th of 2020.


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To check out the links to all of the articles we discuss, go to https://CryptoCasey.com/Last-Week-Crypto.


======== VIDEO SUMMARY ========

This week we will discuss more government attacks on privacy technology, the likelihood of a transformation into a bankless society, and our crowd favorite, as always, the turbulent US economy and failing dollar.

00:00 - Introduction
01:04 - Importance of Multiple Exchange Accounts
01:38 - Only ONE Official Instagram Account
02:16 - Market Review
03:10 - International Statement: End-To-End Encryption and Public Safety
04:00 - US joins six countries in new call for backdoor encryption access
05:00 - It is the beginning of the end for the banks
06:22 - Bank of England asks banks about readiness for negative rates
06:28 - UK banks not ready for negative interest rates
08:08 - Bankless society ‘inevitable’ due to crypto
08:24 - JPMorgan Calls Square’s $50M Bitcoin Investment ‘Strong Vote of Confidence’
08:34 - 84k BTC were mined in Q3
09:01 - CFTC Chairman Heath Tarbert Talks Ethereum
09:37 - Grayscale Ethereum Trust now holds over 2% of all ETH in circulation
09:59 - OKEx Suspends Withdrawals
10:06 - Bitcoin supply locked as OkEx suspends withdrawal
11:07 - Jeff Bezos is a trillionaire because the dollar is losing value
11:27 - Trump says: ‘I’m ready to sign a big, beautiful stimulus’
12:05 - The greatest leading sell indicator remains undefeated
12:39 - Dow closes 100 points higher
12:47 - China hands out $1.5 million of its digital currency


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