đ Breaking News: Coinbase CEO Brian Armstrong denies selling 'paper Bitcoin' to BlackRock! đ
1/ Allegations surfaced when Bitcoin OG Tyler Durden accused Coinbase of lacking transparency in its ETF custody and cbBTC offerings. Armstrong quickly shot back, clarifying that all ETF mints and burns are settled on-chain. đ
2/ Independent analysts and Bloomberg's senior ETF analyst defended Coinbase, saying their actions stabilized Bitcoin's price. Armstrong emphasized annual audits by Deloitte and the availability of public reports. đ
3/ Despite reassurances, some in the crypto community remain skeptical. Concerns over transparency and proof of reserves linger. Justin Sun warns of potential risks, calling for greater transparency.
What do you think? Comment below! đ #CryptoNews #Bitcoin #Coinbase