Brady Dale

1 week ago | axios.com | Brady Dale

Illustration: Annelise Capossela/AxiosBitcoin is now an investment held by regular people who want to diversify their portfolio, while the rest of the cryptocurrency world (stablecoins aside) struggle to catch on. Why it matters: The question of "what is bitcoin actually good for" has been answered by the market: It buys (and is buying) the digital gold narrative. Zoom in: Bitcoin was created to be a medium of exchange on the internet.

1 week ago | axios.com | Brady Dale

Republicans in the Arizona legislature have sent its Democratic governor two bills that would establish strategic bitcoin reserves. Why it matters: The bills imitate moves made by President Trump in establishing reserves at the federal level. What we're watching: Whether or not Gov. Katie Hobbs signs them. Her office has not replied to Axios. How it works: One bill authorizes state funds to allocate part of what they hold, up to 10%, to virtual currencies.

2 weeks ago | axios.com | Brady Dale

Custody professionals showed up Friday at the SEC to urge the agency to create principled regulations around the business of safeguarding digital assets, while also urging it not to specify technological solutions. Why it matters: Digital assets are bearer instruments, and the industry has had a lot of failures in terms of keeping those bearer instruments safe. Between the lines: Custody is the core idea of cryptocurrency.

2 weeks ago | axios.com | Brady Dale

Illustration: Lindsey Bailey/AxiosYou might not even realize it, but before long you're going to be using stablecoins — because the old global payment systems will soon evolve, perhaps even being replaced, driven by stablecoins. Why it matters: More and more industries, from traditional finance to fintechs, are betting that crypto pegged to real-world money will be a trillion-dollar market soon — the only question is how many trillions and how fast it gets there.

2 weeks ago | axios.com | Brady Dale

Illustration: Aïda Amer/AxiosStablecoins are the biggest success in the world of cryptocurrency, with one exception: the original cryptocurrency, bitcoin, is bigger than all the rest of the crypto market, including stablecoins, combined. Why it matters: There are companies that believe the Bitcoin blockchain should also secure stablecoins — the tokens pegged to real-world money — which are being called the industry's killer app.