Hey DEFI TIMES community,
On January 13, European Central Bank President Christine Lagarde gave an interview in which she expressed her thoughts about Bitcoin. In short, she said:
1) Bitcoin has been used for money laundering
2) Bitcoin must be regulated
3) There should be global rules for Bitcoin
It was interesting to hear her thoughts. Take a moment and listen to a small clip of the interview.
For me, this is as bullish as it can get. Even though Lagarde's comments were mostly negative, it shows how much Bitcoin has established itself over the years.
There's a famous quote that I keep thinking about when I read news like this:
"First they ignore you, then they laugh at you, then they fight you, then you win" - Mahatma Gandhi.
We are already in the fighting phase! Big central institutions like the ECB are recognizing the value Bitcoin has to the world. They consider Bitcoin as a threat and try to bring it down.
It's only a matter of time until we win. But don't expect the battle to be easy. Central banks and governments will fight. They will try to ban Bitcoin and crypto, and they will overly regulate it.
But in the end, crypto will succeed.
When you see Christine Lagarde talking bad about Bitcoin, you know that we have already won!
Subscribe to our newsletter to level up your crypto game!
Permissionless Curve Pools
In one of his recent tweets, Andre Cronje hinted that the Curve Pools might become permissionless. Any stablecoin could be added without asking for permission. This could enhance liquidity. YFI will also profit from this because it depends on Curve trading fees.
Yam Finance announced the launch of Umbrella Protocol, a permissionless insurance protocol. The coverage will be tokenized using NFTs. The pools for the insurance funds can be created in a permissionless way.
AAVE launches new tokenomics
The risk for AAVE stakers will increase because the recent AIP introduced stake slashing. That's why the rewards for stakers have increased to 550 AAVE per day.
Gemini considers IPO
Gemini was one of the first crypto exchanges. According to a teet by Ryan Sean Adams, Gemini is considering going public in 2021. Gemini could be the second crypto exchange to go public after Coinbase.
Ledger data hacked again
Ledger's data was hacked again, but this time from Shopify. As Andreas Antonopoulos tweeted out, Ledger continues to fail to learn:
CoinDesk @CoinDesk.@Ledger has revealed rogue actors at e-commerce partner @Shopify exposed 20,000 additional customer records, including emails, names, postal addresses and phone numbers. https://t.co/XLVf5gZnNO
All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.
Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.