Happy Tuesday, Blockfolians!
Thumbs everywhere are exhausted from refreshing Blockfolio as Bitcoin has spent all day inches away from $12,000 - briefly touching the psychological milestone before dipping back.
Just as interesting as bitcoin’s price action, however, is the discussion of its impact on alts and DeFi. Take a look at some reflective tweets:
For the moment, bitcoin is stuck just below $12,000. Whether bitcoin gains in the short term come at the expense of alts will be something to watch.
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Highly Relevant Reading
R3’s Corda goes DeFi with the launch of a new cryptocurrency
Shenzhen citizens spend 8.8m digital yuan in week long DCEP trial
LINE launching services to help central banks create CBDC
A crypto friendly bank grew deposits by $1B in Q3
A great conversation between Keith McCullough and the GigaChad himself
Fascinating piece on the “financialization of compute & connectivity.”
A Really Big Number We Should Be Paying Attention To
That’s the proposed settlement around KIK vs. the SEC. What a whole lot of wind this ended up being.
“The ultimate tragedy of the commons”
Holger Zschaepitz @Schuldensuehner#ECB Balance sheet hit fresh ATH at €6,743.5bn as Lagarde keeps printing press rumbling. Total assets rose by another €17.8bn mainly on QE. ECB Balance sheet now equal to 66% of Eurozone GDP vs Fed's 37% and BoJ's 136%. https://t.co/J4az0ayIsM