Intercontinental Exchange--owned Bakkt said on Monday it has agreed to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, giving the cryptocurrency platform an enterprise value of $2.1 billion.
They largely fall outside financial regulation. If things go wrong, you may not be able to claim against the Financial Services Compensation Scheme.
They largely fall outside financial regulation. If things go wrong, you may not be able to claim against the Financial Services Compensation Scheme.
Why would money launderers want to wash all the value out of their dollars in a day due to volatility.
Good point!------------------>
Or maybe they're Chinese and own a shit ton of U.S. Treasury Bonds.
Bitcoin is way more regulated than the USD$. The code prevents an increase in bitcoin supply. The last 17 U.S. financial crisis's were caused by an increase in the money supply. From the Great Depression all the way to the Housing Crisis. Increasing the money supply reduces all financial regulatory agencies, meant to protect u$, to shit.
Man with over $200+ million in Bitcoin can’t remember his password
Why doesn't he just pay the best hacker $100+ million, half of is worth to retrieve password. This could be a complete loss. It's possible he has monies and investments elsewhere, and can afford the fall.
Dogecoin was literally setup as a joke. Musk tweeted #dogecoin but put $1.5B into bitcoin. Lots of other people/companies that are more mainstream with tons of cash could be next. This will be the driver to $100k.
The best hackers only make the system more impenetrable.
The quantity of penny stocks can be modified at any time by the issuer of stock. Not the case with bitcoin.
He put $1.5B of Tesla's money into Bitcoin, not his own (although he may have done that too). It is somewhat ironic that Tesla invests $1.5B in something which literally consumes power to mine on a scale with entire countries (Bitcoin is apparently in the top 30 of energy consumers worldwide - compared to countries), while Tesla also received $1.5B in environment subsidies in 2020.
Agreed. Other companies could start converting a portion of their cash to BTC is the hope. And then I need GBTC to continue falling in line. Still not ready to buy and hold BTC directly.
| PayPal wants to build a super app. It has crazy competition. |
| While the rocket emojis came out for Bitcoin breaking $50k, there was another recent money milestone that met with little fanfare: the market cap of PayPal passed Mastercard. Now valued at $340B+, PayPal has seen its market value quadruple since March 2020 lows. Its surge has been driven by a user base that grew ~25% in 2020, to 377m (along with 30m merchants), powered by the pandemic forcing commerce online and the unveiling of crypto-trading services. Now, PayPal wants to create a super app The company’s CEO, Dan Schulman, laid out his plan during an investor day presentation. As reported by Protocol, Schulman notes that most consumers only “want 8 to 10 apps.” With meme-making tools making up half of them, there's an appetite for one app covering all your financial needs. PayPal plans to focus on payments, shopping, and financial services (checking, savings, investment, crypto, rewards) with these benefits: |
