"The big trend here is that money is headed on-chain.
A digital dollar would be good for digital assets because it’s easier to buy bitcoin with a digital dollar than it is to wait for money to clear from a traditional bank account using old rails."
blockworks.co/the-irresistib…
The real reason PayPal is considering acquiring Curv just months after talks with BitGo fell apart:
Central Bank Digital Currencies
@tanayamac explains CEO Dan Schulman’s position.
blockworks.co/custody-is-key…
Funding rates are the fee charged every 8 hours to maintain a balanced risk exposure.
They tend to go higher when long positions are overstretched.
Bitcoin funding rates reset to near 0% this past Tuesday, signalling this rally could continue.
blockworks.co/bitcoin-fundin…
If your fund took out a leveraged $1 billion position denominated in BTC to buy into the Grayscale Bitcoin Trust, this is going to be a big problem.
blockworks.co/grayscale-bitc… via @Blockworks_
As cashless payments become the global norm, a private-only payment system poses a threat to financial stability.
Creating a central bank-backed digital currency is the only way for central banks to reduce risks and stay relevant.
Latest for @Blockworks_blockworks.co/the-irresistib…
Charles Schwab holds a whopping $6.8 trillion in customer assets.
Their goal is to launch crypto trading by the end of 2021.
If their customers move just 5% of their assets into Bitcoin, that would be $340 billion flowing into the asset.
blockworks.co/charles-schwab…
Years ago, @silvergatebank became one of the only banks that would service crypto companies.
Since then, they've built tools like rapid settlement and credit that investors and companies use to participate in the crypto markets.
Story by @thesamreynoldsblockworks.co/silvergates-pa…
Incredible movements across all markets today. If you'd like my take on it today please subscribe.
Tonight we will laugh and cry all in under 4 minutes. @Blockworks_@JasonYanowitzblockworks.co/newsletter/
Brand new podcast from Blockworks.
Episode one is with @muneeb.
- Growing up in pakistan
- Military dictatorship vs democratic rule
- Running out of money
- Why it’s better to build on Bitcoin
Listen on YouTube, or wherever you get your podcasts.
invidious.snopyta.org/EolJbJC8zZ0