Coinbase CEO, Brian Armstrong, raised concerns over rumors of account closures by Bank of America due to affiliations with the crypto exchange. Nearly 1,200 users reportedly faced closures due to their crypto activities. The situation highlights the complex relationship between traditional banking and the burgeoning digital currency industry, raising questions on whether banking protocols should adapt to new financial models.
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Exploring the Future of DeFi on Bitcoin: Potential and Challenges
DeFi on Bitcoin is possible through innovative solutions, leveraging the security and liquidity benefits of the network. Although integration is a technical challenge, growing interest and developments like RSK and Stacks showcase Bitcoin’s potential role in the DeFi ecosystem.