Bitcoin Interest Grows In The Shadow Of $2 Trillion In Stimulus
Plus CFTC on delivery of digital assets and Telegram token blocked from distribution
Happy Wednesday Blockfolians
More and more anecdotal evidence that the specter of money printer go brrr is driving people to want to learn more about bitcoin and crypto more broadly.
Crypto.com reported that transactions had doubled between December and February and that app downloads were hitting all time highs. Binance.US CEO Catherine Coley also said they were seeing “unprecedented trading volumes.” On a tweet about emergent bitcoiners, CoinDesk’s Chief Content Officer wrote:
Finally, Square’s Cash App is seeing it too. Said CFO Amrita Ahuja:
"Adoption and engagement of fractional equity investing in Bitcoin has accelerated in recent weeks given recent market interest and volatility.”
The world is a changin’ out there, folks.
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Highly Relevant Reading
CasperLabs is pivoting away from Ethereum to run its own blockchain
US Court blocks Telegram token distribution, agreeing with SEC that they are likely securities
CFTC finalizes what it means to “actually deliver” digital assets
The International Organization of Securities Commissions suggests it believes global stablecoin projects might be securities.
Like many in the crypto community, CoinShares CSO Meltem Demirors is not happy about the bailouts in the Stimulus package
Preston Pysh meanwhile highlights how powerfully resilient bitcoin’s difficulty adjustment system is
A Really Big Number We Should Be Paying Attention To
That’s the number of jobless claims Morgan Stanley is projecting we see announced tomorrow.
It turns out that a popsicle factory in Maine is one of the two places in the world that makes most of the wooden swabs for COVID-19 test kits.