$41T Asset Custody BNY Mellon to Custody Crypto

Plus serious debates on crypto futures in Nigeria

Happy Thursday Blockfolians!

The Lede

Honestly, how insane has this week been? Let’s just quickly bop through some of the headlines:

  • Tesla puts $1.5B (7.7%) of cash into Bitcoin

  • Twitter CFO says exploring bitcoin to pay employees and for treasury

  • Mastercard announces crypto payments coming to their network in 2021

  • BNY Mellon launches crypto and digital asset custody

  • PayPal says crypto coming to Venmo in first half of the year

These are INSANE stories. Imagine any of these showing up in 2018 or 2019. It’s hard to imagine them all happening in a year, previously, to say nothing of a single week.

Somehow, we’re not even half way through the second month of the year.

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Highly Relevant Reading

Community Commentary

Wow look at the rate of growth on digital wallets
Don’t count Nigeria out yet. The Central Bank of Nigeria might be banning crypto but the Senate is debating it.

A Really Big Number We Should Be Paying Attention To

91.4 BTC

That’s the amount of BTC someone spent for a Tesla in 2013. Nice like $4M car you got there.

Final Thought

Sometimes you gotta take the L