Can Coinbase Keep Wall Street Happy During the Crypto ‘Pause’?

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.David Z. MorrisJuly 16, 2021, 10:33 AM·5 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

I’d love to spend this morning writing about yesterday’s announcement that Square will be developing what sounds like its own decentralized finance (DeFi) platform on Bitcoin. But there’s nearly no information in the world about the project right now – even the name is (for now literally) TBD.

David Z.

Morris is CoinDesk’s chief insights columnist.

We do know it will be led by Mike Brock, a former Red Hat team member. The idea of building DeFi on Bitcoin, which doesn’t natively support all of the smart contracts required, is exciting and novel and...read more...