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Replying to Avatar Richard “Dick” Whitman

This arrangement allows BlackRock to borrow Bitcoin, including for short-selling, without proving a 1:1 holding ratio.

These transactions settle in 2 to 30 days, all in cash, not Bitcoin. Off-chain trades occur outside the blockchain, remaining invisible on the public ledger.

https://www.altcoinbuzz.io/cryptocurrency-news/blackrocks-secretive-bitcoin-transactions-with-coinbase/

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Gunnar Stødle 1y ago

Boooom can't wait to see them naked blackrocks blow up! Fractional reserve bitcoin scams and liquidations get bigger every cycle.

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