Stonks Down 3%. Bitcoin Calls That A "Monday"

Plus crypto banks, Simpson's episodes and expensive lunches.

Happy last week in February, Blockfolians

The Lede

Traditional markets took a pounding today, with the Dow dropping more than 1000 points on fears of disruption caused by a Coronavirus that, far from tapering off, is seeing an uptick outside of China. Bitcoin remained relatively flat during the tumult.


Highly Relevant Reading

🏦Caitlin Long starts a crypto bank | With technology support from Blockstream and taking advantage of new laws in Wyoming, a new crypto bank is setting up to offer institutional investors products that haven’t yet been available. Bullish!

📰JPMorgan releases blockchain report | JPMorgan continues to stay close to the blockchain space, releasing a 74-page “Perspectives” report looking at everything from enterprise blockchain in banks to a deep dive on Libra.

🌞Justin Sun meal fails to convince Buffett on crypto | In perhaps today’s most shocking news, Warren Buffet doubles down on his conviction that bitcoin and cryptocurrencies are pretty much entirely without value. Then again, a huge chunk of his holdings are traditional finance so… 🤷‍♂️

Image result for warren buffett

Community Commentary

Ikigai’s Hans Hauge on the global state of the macro markets and what it means for crypto

A Really Big Number You Should Be Paying Attention To

3,100,000,000

The number of transactions that have been processed across 24 crypto networks in the last decade, according to an Ethereum mempool tracking startup Blocknative.


Final Thought

Someone at the Simpsons seems to actually really get this stuff…