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Rabbit Hole Recap #242: CashApp Users Bought Over $7B in Bitcoin Last Year

Rabbit Hole Recap

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Coinbase Drops Silvergate

Silvergate started to provide banking services to Bitcoin and crypto companies because it was really hard for these businesses to get bank accounts in the first place. They were one of the first movers in the banking industry to say, hey, we're going to stick our necks out there and provide this industry banking services. This is a lesson of due diligence and really understanding your counterparts. If you get into bed with shit coiners, you're going to get dragged into the mud.

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