States Are Proposing Mining Incentives as Big Oil Taps Bitcoin Mining for Environmental Gains

Plus the FBI has announced a new crypto enforcement division.

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ABOUT

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

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On this edition of the “Weekly Recap,” NLW looks at:

a new valuation for Circle
a new token fund from Sequoia
The FBI’s new crypto enforcement division
ConocoPhillips partners with bitcoin mining to reduce flaring

“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 “Vision” by OBOY. Image credit: Photo by Andrew Burton/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.