Happy humpday, Blockfolians
Hot off the presses, Square has released its Q1 earning statements. Let’s not bury the lede:
Square and Cash App continue to be one of the most important on-ramps for crypto. This record growth suggests that some combination of market volatility, the bitcoin halving, and unlimited Fed spending is attracting a new user base.
Go, Jack, Go!
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Highly Relevant Reading
Even though the price is up, bitcoin’s node count is at a 3-year low
Polkadot lays out initial steps as launch approaches
The Libra Association has named a CEO in former HSBC chief legal officer Stuart Levy
Ohio lawmakers have proposed blockchain-based voting
Messari analyst argues that this rally is real and strong
A great illustration of interest rates in historical terms
A Really Big Number We Should Be Paying Attention To
That’s the size of the PPP loan that Tron seems to have gotten from the US government. The crypto community is….not enthused.
Dave Portnoy @stoolpresidenteI don’t know how all of #fintwit aren’t billionaires because every single person is right about every single stock move of all time and not only that but they are the biggest no brainers decisions of all time and you’d have to be an idiot not to see them coming.