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Investor Demand Ramps Up BlackRock Pressure on Coinbase for On-Chain Bitcoin Handling!!!

🎄 BlackRock has adjusted its agreement with Coinbase, requiring Bitcoin withdrawals for its Bitcoin ETF to be settled on a public blockchain address within 12 hours.
🎄 The crypto community expressed doubts about Coinbase’s transparency, especially regarding their synthetic Bitcoin product, cbBTC. 
🎄 Some believe it is a “paper version” of Bitcoin, raising fears of price manipulation and lack of true Bitcoin backing.
🎄 Coinbase CEO Brian Armstrong addressed the concerns, stating that all transactions are settled on-chain and that cbBTC involves trusting a centralised custodian.

Investor Demand Ramps Up BlackRock Pressure on Coinbase for On-Chain Bitcoin Handling!!!

🎄 BlackRock has adjusted its agreement with Coinbase, requiring Bitcoin withdrawals for its Bitcoin ETF to be settled on a public blockchain address within 12 hours.
🎄 The crypto community expressed doubts about Coinbase’s transparency, especially regarding their synthetic Bitcoin product, cbBTC. 
🎄 Some believe it is a “paper version” of Bitcoin, raising fears of price manipulation and lack of true Bitcoin backing.
🎄 Coinbase CEO Brian Armstrong addressed the concerns, stating that all transactions are settled on-chain and that cbBTC involves trusting a centralised custodian.

https://cryptonews.com.au/news/investor-demand-ramps-up-blackrock-pressure-on-coinbase-for-on-chain-bitcoin-handling-123542/

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