So coinbase is accused of running fractional reserve with black rock funds, who would have guessed.
Discussion
Surely it'll be different this time.
I warned people all the time...
Do we have a source?
Then black rock does some QE on the funds they give coinbase and all is OK again.
And who checks the checkers of the black rock funds? Some whataboutism at the right place 😁🫣
The Bitcoin people own in a Coinbase account is not theirs until they withdraw to self-custody
Sadly many won’t find this out until it’s too late…
Of course it does, the beauty of bitcoin is the 21 million limit. Once a few more companies adopt the micro strategy, we will soon wonder how they can all hold a combined 42 millions + BTC.
This very public limit in supply will make fractional banking for bitcoin much more difficult than for any other asset.
No way…
Not surprising at all
It's not too surprising. Convenience comes with a price.
Anyone recommend a more independent and trustworthy solution capable of executing hedging strategies?
Idk, there are probably trading bots you can plug into bisq or haveno
They've been accused of it the whole time. Do blackrock or the authorities care? It would be news if blackrock or the authorities cared, it isn't news if institutional folks are still continuing to ignore the accusations