Plus, Bakkt BTC-futures spike, and more |
| Hello Bitcoiner,
Did you miss this week’s top stories? |
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| Paypal CEO on leaving Libra: “It wasn’t an acrimonious divorce”
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| Paypal chose to amicably withdraw from the Libra project “to advance financial inclusion faster,” explained the company’s CEO, Daniel Schulman, in a recent interview. Schulman, who currently owns Bitcoin, also expressed that he thinks price volatility is standing between crypto and mass adoption. However, he highlighted that Paypal sees promise in broader blockchain technology and the company is busy working on its own projects in the crypto space.
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| | Bakkt BTC-futures spike amidst BTC price drop
Following the recent BTC price drop, on November 22, institutional BTC trading platform BAKKT reached a new record: 2,728 futures contract traded in one day (approximately $20 million). Since then, this record has climbed to new heights with 4,443 contracts traded on November 27. Why is Bakkt seeing such a surge of interest?
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| | Argentina Peso: 55% inflation and its impact on society
The Argentine Peso has a yearly inflation rate of 55%. Ethereum thought-leader Santi Siri explains, “Basically your money loses half its value in one year, so that pushes everyone to spend.” In our latest Humans of Podcast episode, he explains how this causes distrust within society, and why decentralized governance could be the answer.
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| | | BCH ecosystem set to get a $200 million boost
A Bitcoin.com-backed $200 million fund is set to fuel the development of the Bitcoin Cash ecosystem in 2020. We’ll be investing in businesses that are building on BCH and any eligible business can apply for funding now. Our executive chairman, Roger Ver, highlighted the purpose of the fund during a recent BCH meetup:
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