Another Massive Day for Mainstreaming Crypto

Happy Tuesday, Blockfolians

The Lede

Well, it was another big day for the mainstream infiltration of crypto.

First was the fact that, as promised, PayPal-owned Venmo is now rolling out crypto features. This brings another, oh 70 million or so users into the space. Users will be able to buy, sell and trade crypto (although it will cost ‘em a buck every time).

Next was WeWork, which announced that it would begin accepting BTC, ETH and two USD stablecoins as payment for office space and would hold those currencies on its balance sheet.

Finally, not one but two companies had major former regulators join their teams. BlockFi scored former CFTC chair Chris Giancarlo for their board of directors. Former Office of the Comptroller of the Currency director Brian Brooks will be headed to Binance.US as CEO.

Big things happening, fam, big things happening.

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Highly Relevant Reading

  • Novo to buy BitGo?

  • Apparently institutions have been buying Doge as well?

  • Bank of England launches digital currency task force

  • Celo has added Deutsche Telekom as a partner


Community Commentary

Interesting discussion in the comments
Great writeup of what really happened with China mining from an insider

A Really Big Number We Should Be Paying Attention To

3

That’s the number of Ethereum ETFs going live in Canada today. They are not playing around.


Final Thought

We agree David, we agree.