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BIS warns over crypto; Crypto bailout battles

BIS warns over crypto, calling it unreliable as money. Meanwhile, Morgan Creek Capital counters FTX’s US$250 million BlockFi bailout.

Welcome to The Daily Forkast – June 27, 2022 – presented by Joel Flynn.

Coming up on today’s show:

Bank for International Settlements says crypto unsuitable as money.

Meanwhile, Morgan Creek said to try countering FTX’s BlockFi bailout.

Staying in the markets, Goldman Sachs reportedly raising cash to buy distressed Celsius assets.

And finally, Metaverse features expected in HTC’s new phone.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast June 27.