Coinbase has received board approval to allocate more than $500 million in various cryptocurrencies, announced the CEO.
Coinbase to Put More Crypto on Balance Sheet
Brian Armstrong, the chief operating officer of Coinbase, took it to Twitter to indicate that the company has received board approval to purchase over $500 million of cryptocurrencies. Thus, the exchange will expand its existing holdings, but he didn’t reveal what digital assets Coinbase currently holds or plans to buy.
Additionally, the largest US-based trading platform will invest 10% of all profits from now on in cryptocurrencies. Armstrong expects this percentage to “keep growing over time as the crypto-economy matures.”
The 10% allocation coming from profits could be quite significant in USD terms, at least according to recent history. The company reported in Q2 2021 record-breaking results, far surpassing the numbers from Q1, with $1.6 billion in net profit. This was a 4,900% surge from the same period in 2020.
Source Cryptopotato
Posted Using LeoFinance Beta
No company will be allowed to have a balance sheet without BTC. Mark my words.
Posted Using LeoFinance Beta
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Can you point me to a document that prohibits posting certain types of content? Where are the rules written and what does "frowned upon" even mean? Is it voted on by the community or not?
I thought I can post anything I want on a decentralized platform and then those reading what I posted will determine if it is worth an upvote or not?
Which proposal specifically gave you the authority to be the police on Hive and determine which account gets to be blacklisted?
Thanks
You can post anything you like. Just the next time, decline the payout if you try to monetize content that is not of your authorship.
First you threaten to blacklist my account and then you say I can post whatever I want. I will ask once again, where can I find a document with a set of rules one needs to follow on Hive?
Specifically, where is it stated that you have the authority to decline my payout for me and how does that fit in the premise of decentralization?
You can post anything you like but if you post someone else's content declining the payout, your account will be blacklisted.
I hope you realize that this reply makes absolutely no sense...