Single Best Idea: Sahm & Posen
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Claudia Sahm & Adam Posen. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Family of five hides password in four continents
Family of five hides password in four continents originally appeared on TheStreet. Didi Taihuttu, the dad of the famous YouTube "Bitcoin Family," revealed that he had changed the security measures of his family in light of the recent host of high-profile kidnappings of crypto holders. The Taihuttu family was famous for hiding hardware wallets in rental units worldwide. However, now, Taihuttu has downgraded to a hybrid method that combines analog backups on steel plates with blockchain-encrypted services, both of which are hidden in undisclosed locations on four continents. "Even if someone held me at gunpoint, I can't give them more than what's on my phone," Taihuttu told CNBC. They eliminated hardware wallets because they were terrified of remote access or a backdoor into the firmware. One significant change was the Ledger controversy over the 2023 Ledger update, and they decided they liked steel-engraved seed phrases with their layers of encryption. Their 24-word recovery phrase is now divided into four sets of six, and they have added misdirections, so without knowing which words have changed, you would not be able to access your funds. The Taihuttus sold almost everything they owned in 2017 so they could buy Bitcoin and live unbanked while traveling with their three kids. Recently, the couple has been threatened, forcing them to stop sharing their location and put a pause on filming at their residence. Their new form of cold storage, utilizing a decentralized vault, is designed to protect against physical coercion, centralized exposure, and long-term emergency risks associated with hosting platforms on the blockchain. They have approximately 65% of their crypto assets stored in a valet-style storage, and the rest are held in hot wallets and decentralized exchanges via a multi-signature wallet, said Taihuttu. "Even if someone finds 18 of the 24 words, they can't do anything," Taihuttu explained. "You only need to remember which ones you changed." Security for Taihuttu has evolved from a technical concern to a very personal one. We got a little famous in a niche market," he said, "and that niche is becoming a really big target.' Family of five hides password in four continents first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
South Korea's Ruling Party Wants to Allow Companies to Issue Stablecoins: Bloomberg
South Korean President Lee Jae-myung's Democratic Party submitted a bill to parliament that would allow qualifying companies to issue stablecoins, Bloomberg reported on Tuesday. The Digital Asset Basic Act is aimed at improving transparency and encouraging competition in cryptocurrency, Bloomberg said. Companies would be able to issue their own stablecoins provided they have at least 500 million won ($368,000) in equity capital and can guarantee refunds through reserves as well as receiving approval from the Financial Services Commission. Lee, voted in as president last week, made a number of promises to South Korea's crypto industry during his election campaign, appealing to the nation's 15 million crypto investors. Among them, he said the country should support a won-based stablecoin market "to prevent national wealth from leaking overseas," the Korea Herald reported. Stablecoins are tokens pegged to the value of a traditional financial asset, such as a fiat currency, with the U.S. dollar being comfortably the most prevalent. Their stability provides a counterweight to the volatility of cryptocurrencies like bitcoin BTC and ether ETH, allowing users to hold capital in digital assets without having to worry about wild swings in price. The sector, which is dominated by Tether's USDT, has experienced a surge in interest this year thanks to, among other factors, progress toward regulation of the sector in the U.S. The strength of the stablecoin sector has been highlighted in the last week by the strong performance of USDC issuer Circle's stock (CRCL) following its initial public offering (IPO). The shares more than quadrupled during the first three days of trading. In addition, market cap of the sector reached $250 billion for the first time.
Bloomberg
23 minutes ago
- Bloomberg
Chanos Doesn't Understand Our Business Model: Saylor
Legendary short seller Jim Chanos recently said to buy Bitcoin and short Strategy shares. In an interview on "Bloomberg Crypto" Strategy Executive Chairman Michael Saylor says Chanos doesn't understand our business model. (Source: Bloomberg)
