Friday 7/5: Citibank coming to Bitcoin

Citibank is coming for Bitcoin - ReutersTrading, custody and financing are all under consideration Ray Dalio loses CFO to Bitcoin - The Block CryptoNYDIG hires CFO of Bridgewater Associates, the world's largest hedge fund SEC Chairman says investor protections are needed for Bitcoin - CNBC“It’s a digital, scarce store of value, but highly volatile,” Gensler said, talking about bitcoin specifically. “And there’s investors that want to trade that, and trade that for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.” Square’s CashApp smashes Bitcoin sales - BloombergRevenue from Bitcoin sales -- which includes the total value of Bitcoin purchases on its Cash App -- climbed more than elevenfold to $3.51 billion, up from $306 million a year earlier, the company said Thursday in a shareholder letter. Still, gross profit from those Bitcoin transactions was just $75 million, reflecting the fees that Square collects.-BloombergGoldman Sachs internal memo unveils new cryptocurrency trading team - CNBCA newly created cryptocurrency desk had successfully traded two kinds of bitcoin-linked derivatives, according to an internal memo obtained exclusively by CNBC.

The crypto team exists within the firm’s global currencies and emerging markets trading division, reporting to Goldman partner Rajesh Venkataramani, who wrote the memo.‘Unprecedented capital inflows into Bitcoin’ remove 12K BTC from Coinbase in an hour  - CoinTelegraphData from on-chain monitoring resource Glassnode showed 12,354 BTC ($694 million) being withdrawn from the Coinbase order book in a single hour on Friday.Someone just moved $1b Bitcoin - @Whale_AlertRevolut Debuts Withdrawals In BitcoinRevolut users can now move Bitcoin to their own hardware wallets.Fiat Money is a Scam - @DominicFrisby

Dominic Frisby has been on fire this week with his projections onto the Bank of England and Parliament in London, UK. @DominicFrisbyBro…WTF?

Sure, hiring a hitman is bad, but what a waste of Bitcoin! :DState Own Bank In China Bans Bitcoin Transactions - Wu BlockchainCITIC Bank has issued a statement prohibiting their clients to use their

Iran Reportedly Bans Trading Of Bitcoin Mined Abroad - Bitcoin MagazineAccording to an announcement shared by Iran International, the Central Bank of Iran (CBI) has banned its citizens from trading bitcoin and other cryptocurrencies mined in foreign countries.

EDIT: I don’t know how they think that’s going to workGold Jumps - Bloomberg

EDIT: ”Jumps” from 1820 to 1838! LOL - Bless their little hearts.Thank you for reading the first Bitcoin Sauces newsletter.This is a work in progress, so I will experiment with a few things over the next couple of weeks to find a balance of what works. Leave a suggestion in the comments :)