Are We On The Verge Of A 4th Crypto Bull Cycle?
Plus DCA comes to CashApp and JK Rowling can't stop trolling
Happy Monday, Blockfolians
So, a new bull cycle, eh? That’s the argument put forth by Andreessen Horowitz in a new blog post.
The argument boils down to this: increasing price leads to more chatter on social and other channels leads to more people bringing their talents to the space means more startups and projects. Makes sense, right?
The post looks at all three previous cycles and shows that, through local ups and downs, the march of innovation has continued unabated.
Pretty rad stuff.
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Highly Relevant Reading
Bakkt has announced new insurance coverage along with 70 custody clients
BitMEX accused of money laundering and market manipulation in new lawsuit
And speaking of lawsuits, how about a class action lawsuit around the EOS ICO?
CashApp is now allowing recurring buys of bitcoin (plus display in satoshis!)You can now do automatic recurring purchases of in . Daily, weekly, or every 2 weeks. And change the display to sats.
Oops, a rough day for a new attempt to bridge bitcoin and DeFi as tBTC is turned off after just 48 hours.tBTC lasted on mainnet two days. Alas, it was born before it's time. Goodnight, sweet prince🌹 We've pulled the red lever, pausing deposits for the next 10 days, and are helping users drain funds. We'll publish a full post-mortem when confirmed... and we will rise again.
That wasn’t the only DeFi story, however, as Uniswap rolled out v2 of its DEX protocolIncredibly excited to report that Uniswap V2 is running live on the Ethereum mainnet!!! Feeling very grateful to the team, and everyone else who made it possible right now <3
Uniswap Protocol 🦄 @UniswapProtocolWe are thrilled to announce Uniswap V2 has been deployed to the Ethereum mainet!!! Read the Uniswap V2 launch blogpost for more information on the launch. https://t.co/CLPQok6KO4 1/
A Really Big Number We Should Be Paying Attention To
That’s the size of the latest venture round for institutional crypto trading firm FalconX, backed by Accel and Coinbase among others
J.K. Rowling is truly a master troll.
BeInCrypto @beincryptoWhat are your thoughts of @jk_rowling joining the $BTC community? Time for Potter to go for plan #Bitcoin? https://t.co/nt4NqLGa9h https://t.co/qnHJyU6nHa