Most industries have 5 big headlines per month.

Bitcoin had 28 in March – that's insanity!

@Travis_Kling and @Ikigai_fund summarized all 28 headlines for us.

More below 👇
1) $4tn AUM Morgan Stanley Private Wealth Management to Offer NYDIG and Galaxy BTC Funds to Clients

2) NYDIG Raises $200mm From Morgan Stanley, New York Life, MassMutual, Soros

3) Visa to Enable Bitcoin Purchases at 70mm Merchants

4) One River Adds Jay Clayton as Advisor
5) Fireblocks Raises $133mm Series C

6) MicroStrategy Purchases $15mm BTC at $45,710, $10mm BTC at $48,888 and $15mm BTC at $57,146

7) Meitu Purchases $50mm ETH and $39mm BTC on Balance Sheet

8) Beeple Sells NFT for $69mm, Third Highest Sale from Living Artist Ever
9) Norwegian Oil Billionaire Kjell Rokke Buys $58mm BTC, Launches Bitcoin Business

10) Tether Produces Reserves Attestation from Moore Cayman

11) FTX Purchases Naming Rights to Miami Heat Stadium for $135mm

12) Visa Launches Pilot to Settle USDC on Visa Network
13) BlockFi Raises $350mm Series D at $3bn Valuation

14) Goldman Restarts Crypto Desk, To Offer New Crypto Products

15) CBOE Files to List VanEck ETF, Starts Clock for SEC to Respond

16) State Street Named Fund Administrator and Transfer Agent for VanEck ETF
17) Fidelity, Goldman, SkyBridge, NYDIG, VanEck, Valkyrie, WisdomTree and Bitwise All Have Current Bitcoin ETF Applications Pending

18) PayPal Acquires Crypto Custodian Curve, Launches “Checkout with Crypto”

19) Crypto Tax Company TaxBit Raises $100mm from Paradigm and Tiger
20) Dapper Labs Raises $305mm Led by Coatue

21) Grayscale Parent Digital Currency Group Announces $250mm GBTC Buyback Program

22) Binance Adds Former US Senator and Ambassador to China Max Baucus as Advisor

23) Coinshares IPOs on Swedish Stock Exchange
24) Jerome Powell Says Bitcoin Is More Like Gold Than the Dollar

25) Howard Marks Changes His Mind About Bitcoin

26) China Said to Clamp Down on Inner Mongolia Bitcoin Mining Activities

27) CFTC Fines Coinbase $6.5mm

28) FATF Release Draft 2021 Crypto Guidance
If you enjoyed this, follow @Travis_Kling and @Ikigai_fund.

Travis is one of my favorite investors in the space and he runs Ikigai.

You can also follow @Blockworks_ insights into all of the upcoming news stories this month.

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More from @JasonYanowitz

31 Mar
1/ Every company needs a Bitcoin strategy

Without one, they'll eventually fail.

Here's why.
2/ Yesterday I posted that Chipotle is running a "Burritos or Bitcoin" game.

Today, Teletubbies previewed that they're releasing "something BIG" related to Bitcoin.

30+ people have messaged me saying this is a sign of the top.

They're wrong.

3/ In 2000, every company was trying to figure out their internet strategy.

Banks opened online portals.

Newspapers launched media sites.

Retail stores started selling commerce online.

The companies that figured out their internet strategy the fastest beat their competitors.
Read 7 tweets
24 Feb
NFTs 101

Two days ago, someone bought a Lebron James dunk for $208,000.

This is just one recent purchase in the booming NFT market.

But what are NFTs and how do they work?

Here’s your guide to NFTs!
1/ First, a few definitions.

Blockchain: A digital record of transactions that can't be changed by a central entity

Non Fungible: Indivisible and unique

Token: An asset that is recorded on a blockchain
2/ Non-fungible tokens (NFTs) are unique, digital assets that are owned, bought, sold, and traded on a blockchain.

Simply put, they’re digital collectibles.

Many people believe NFTs will completely change the way we share and consume everything online.

I agree with them.
Read 14 tweets
4 Jan
This is the argument for a 5% allocation to Bitcoin.

It’s a summary of Wences Casares’ blog post written nearly two years ago (with direct quotes copy pasted).

Part one: Why Bitcoin could hit $1 million

Part two: Why you should buy Bitcoin

Here we go! 👇👇👇
0/ First, if you don't know Wences, you should.

He founded Xapo, a Bitcoin custodian in 2014.

He's also a board member at Libra, PayPal, and Kiva.

But most importantly, he's responsible for bringing thousands of people into Bitcoin.

I'd recommend his podcast with @laurashin Image
1/ PART ONE

Bitcoin right now is similar to the Internet in 1994.

You don't need to know how the Internet works to understand it.

You don't need to know how Bitcoin works to understand it.

Investors who understand this will have an advantage over investors who don't.
Read 27 tweets
2 Jan
One of my 2021 goals is to personally help 100 friends, family members, and colleagues buy Bitcoin.
Update: 1 down, 99 to go Image
2 down, 98 to go Image
Read 8 tweets
30 Dec 20
1/ The lessons I learned this year will stay with me forever.

I wanted to share them here so you don't have to go through a year like this one to learn them yourself.

Here are the 5 lessons I learned from running a media company through coronavirus.

Thread 👇
2/ First things first, March was fucking tough.

We shut down our annual event, which wasn't easy.

Events were a decent portion of our revenue and there were huge fixed costs.

Our revenue fell 80% month over month in March.

We weren't sure where Blockworks was going to end up.
3/ On March 22, we sent this email to the team.

We outlined four main points:

1. This will be a defining moment
2. We’ll come out stronger because of this
3. We have to serve our customers better than ever and leave our ego at the door
4. This too shall pass
Read 11 tweets
15 Jun 20
Two days ago, Zero Hedge claimed that "Robinhood sells their orderflow to HFT algos who frontrun the trades and massively accentuate the momentum."

This is incorrect.

Time for a thread 👇

blockworksgroup.io/blog/robinhood…
Quick Robinhood highlights.

- Launched 2013
- Raised $3M seed (shoutout @howardlindzon)
- $1.2B raised, 10M+ users
- 80% of users are millennials, average age is 26

Robinhood’s marketing pitch is that you can trade for free.

So how do they make money?
“If You're Not Paying for the Product, You are the Product.”

It's hot on FinTwit to explain that Robinhood sells data to HFTs. @zerohedge got this right.

But this relationship is much more nuanced that "they're front running trades".
Read 9 tweets

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