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The New/Old Bitcoin FUD Cycle

The bitcoin community spent the week re-discovering bitcoin is for criminals and is boiling the oceans.

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Published on: Apr 2, 2022

This episode is sponsored by Nexo.io, Arculus and FTX US.

Today on the “Weekly Recap,” NLW looks at two old bitcoin FUDs that came roaring back with a vengeance. The “crypto is for criminals” narrative was built into the assumption that led the European Parliament to vote in favor of advancing strict new anti-money laundering (AML) rules with regard to crypto wallets. Meanwhile, Greenpeace, funded by the chairman of Ripple, decided to start a campaign to get Bitcoin to change its code to be more environmentally friendly.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Zephyr18/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.