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 MUST READS 

Shopify Joins Libra Association


According to Shopify, the Canada-based firm will be working with Libra on building "a payment network that makes money easier to access and supports merchants and consumers everywhere."

This is a massive and much-needed win for the Libra project, especially after companies like Mastercard, PayPal, and Visa left the project citing regulatory uncertainty. Shopify is a 61B e-commerce behemoth... with already more than 1M merchants on it's platform.

Shopify states that its "mission has always been to support the entrepreneurial journey" of their merchants.
 

Warren Buffett Blasts Bitcoin as Worthless and Vows He Will Never Own a Cryptocurrency


Warren Buffett – America’s most beloved capitalist uncle – went on CNBC on Monday and basically ripped BTC into shreds...

"Cryptocurrencies basically have no value..."

"They don't produce anything..."

"You can't do anything with it except sell it to somebody else..."

"I don't own any cryptocurrency, I never will."

"Bitcoin has been used to move around a fair amount of money illegally..."

While most of us carry a TON of respect for Mr. Buffett and closely follow every single one of his investments... it's a perfect time to remind everyone that even the Oracle himself isn't always right.

Buffett missed the boat on Google, and even Amazon... so why should we ever expect him to invest in Bitcoin? Overall, Berkshire’s stock gained 11% in 2019, while the S&P returned 31.5%, including dividends. 2019 was Berkshire’s worst stock market underperformance in 10 years.
 

Binance in Trouble?


According to Malta's Financial Services Authority (MFSA), Binance is not authorized to operate in Malta. Does this mean they're now in trouble? 😱

Binance announced it was opening an office in Malta back in March 2018. This was right after it clashed with regulators in Japan, where the exchange had previously attempted to establish a presence.

Well, In cool and timely fashion, Changpeng "CZ" Zhou – the CEO of Binance – strongly rebuked the "breaking" news...

"There are misconceptions some people have on how the world must work a certain way, you must have offices, HQ, etc. But there is a new world with blockchain now."

CZ pretty much said that they are indeed not headquartered in Malta because they are a decentralized company. This article break things down.
 

 SPONSORED 

Is Washington on the Verge of a Massive Announcement?


This top financial expert just returned from a private meeting with members of the Senate Financial Services Committee… And he’s got his hands on a major announcement. He says, “In 3 decades, I’ve NEVER seen anything like this. Every retiree and investor in America should be alert.”

Click here to watch the full briefing.

 

 DEEP DIVE 

Is the Halving Priced In?


As we inch closer to the halving (predicted to occur May 10, 2020), the debate on whether the event is already priced into the market is starting to heat up...

Even CZ took his turn at bat... (he's bullish)

Next we have Kraken - who released a report exploring past BTC reward reductions... (they're bullish, too)

Following them we have PlanB reminding us that 2020's FUD won't make this debate any easier...

And lastly (here comes the bear), Meltem Demirors claims that the new influx of crypto derivative offerings dampens any chances of prices moving after the event.

Which side are you on?
 

J.P. Morgan: Blockchain, Digital Currency and Cryptocurrency – Moving into the Mainstream?


JP Morgan issued a monster report on blockchains, digital currencies, and (mostly) stablecoins on Friday.

Alex Kruger calls out Jamie Dimon admirably...

TL;DR: Asia represents the bulk of global growth in payments and alternative payments... BTC is seen as more of a portfolio diversification asset... and stablecoins will have a tough time scaling globally.
 

Square (SQ) Sold Over Half a Billion Dollars Worth of Bitcoin in 2019


Jack Dorsey's payments company reported on bitcoin (BTC) profits as part of its fourth-quarter 2020 revenue results, in a shareholder letter released today. It reported bitcoin revenue of $178 million between Nov. 1 and Dec. 31, with profits of $3 million, up 50 percent over the prior two quarters.

While bitcoin volumes still pale in comparison to larger U.S. retail crypto exchanges, the surge in bitcoin demand at Square actually grew at a larger clip than Coinbase (~40% decline Q/Q), Gemini (~60% decline Q/Q), and Kraken (10% growth Q/Q) in Q4.
 

 SPONSORED 

Facebook's Founder Never Saw This Coming...


Maybe you saw this, where live on camera…
 
One of the most powerful Republicans in Washington gave a stunning piece of advice to Facebook’s CEO, Mark Zuckerberg.

“Zuck” was there to talk about Libra. But at exactly 3 hours, 2 minutes and 50 seconds in, he got a piece of advice he won't soon forget.
 
I’ll bet you missed it, but don’t worry. Because we happen to share the same brilliant recommendation at this link.

 

 REGULATORY FRONT 

🇸🇪 Sweden’s Central Bank Starts Testing its Digital Currency e-krona


The central bank of Sweden, Sveriges Riksbank, has announced it has begun testing its digital currency e-krona. The aim of the project is to show how an e-krona could be used by the general public and be a complement to cash. Users will be able to make payments, deposits, and withdrawals through a mobile app.
 

SEC Quashes Dreams of Bitcoin ETF With Another Rejection


Another day, another ETF rejection. This time it's Wilshire Phoenix on the chopping block.

In a filing posted Wednesday, the SEC stated that New York-based Wilshire Phoenix had not proven the bitcoin market to be sufficiently resistant to market manipulation.

The SEC has rejected all previous bitcoin ETF proposals filed to date. Wilshire hoped to buck the trend by basing its ETF proposal on U.S. Treasury bonds in addition to bitcoin... but to no avail.

 

Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming


The U.S. may soon get its first dedicated bank for digital assets?

The company, Avanti, formed on Jan. 6, has already raised $1 million in seed funding... promises to provide payment, custody, securities and commodities activities for institutional customers using digital assets.

 

 TWEET OF THE WEEK 

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