Friday, September 24, 2021

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

​

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

​

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

​

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

​

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

​

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

​

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

​

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

​

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


Hints to an Easter Egg are being given to us. Just like in the movie, Ready Player One.

This is related to AMC and fighting corruption. If you like this shit DD, please crosspost for visibility.

​

It is apparent that Gamestop is leaving us hints to find the Easter Egg in this jacked up battle between APES and Hedgies...and I think I found the first key to unlock the easter egg....

...Just like in the movie "Ready Player One"....

​

Power to the Players

If you haven't seen this movie, I would suggest you do so...soon. Ready Player One is LOADED with Pop Culture. The movie itself is LITERALLY the same battle going on between APES and the Hedgies. Except in the movie it is a different industry enslaving the population...gaming. The population was so addicted to this one virtual reality video game called The Oasis, that gaming WAS the market. People would enslave themselves for new gaming gear....and I could kind of see why. The real world they were living in was a hellhole...and the Oasis provided a world where you could be who you wanted, without having to live up to societies standards. In the movie, the inventor of this game is named Halliday. Halliday was a good dude...a misunderstood dude...an autistic dude. Halliday created The Oasis to escape society. For context, the Oasis is in many ways like Fortnite or Minecraft....but in Virtual Reality.

When Halliday died, in his will, he left his gaming company to whoever would find the Easter Egg that he hid in the game. He did this because he knew whoever found it would have such a love of video games and pop culture, that they wouldn't even think about selling their control of the company for money. So this started an all out race between APES and corporate conglomerates to FIND THE EASTER EGG.

Why is this movie relevant to our current situation? Because I believe RC and company is telling us that we must find the easter egg hidden in our "game" before the market crash, or the market makers will build a new system to suit them.

RC and Company have been giving us clues to something...all of these clues add up...but I do not know what it adds up to. The biggest and best clue is right out in the open....in GME's twitter bio... this clue led me to figuring out where we should look next.

​

↑↑↓↓←→←→B A START

UP UP, DOWN DOWN, LEFT RIGHT, LEFT RIGHT, B, A, START ....

...otherwise known as the Konami Code. It is a built in cheat code for the Konami video games. This reminds me of the movie, "Wreck It Ralph"...for a couple of reasons. (another one you need to watch)

  1. Wreck It Ralph is also loaded with Pop Culture
  2. In the movie, King Candy uses the Konami code to overwrite the video game so he can rule over a video game because he destroyed his own game based off greed and jealousy...this in turn creates a "glitch" in the game. It replaces Penelope (main character of game) with King Candy so he can rule over Princess Penelope's Kingdom...without her knowing what happened. She just thought she was a mistake in the game. https://youtu.be/TNjAZZ3vQ8o https://www.youtube.com/watch?v=4-yFRjqn9Tc (clips of Wreck it Ralph)

The reason this seems to be relevant is because of the theory that has been tossed around that retail is not seeing the real price of the stocks. We are seeing some sort of scaled down version of the price action. Only the Shitidel and friends know the truth...like King Candy and his Devildogs knows the truth about his place in the game.

Speaking of pop culture...King Candy is guarded by OREO's. This is a red flag to me. Remember u/LehmanParty and his post about how the Double Stuffed Oreo is some kind of bat signal..or warning to the elite that the market is overinflated and will crash??? Well why are Oreos guarding King Candy?....the one who is running an evil scheme?

Glad you asked...

One thing u/LehmanParty didn't mention is that when Jewish people migrated to America, the illiterate would sign their name with an X to resemble Jesus Christ. But there was a group of illiterate Jewish people who hated Jesus Christ and would sign their name with an O. If you look on the oreo cookie, you will see an O with an antenna on it.

If you follow the history of the federal reserve, market crashes and the world wars, it lines up with the rollout of the Oreo cookie. Even during the America Civil War the flags were X's and O's...the confederate flag bared an X...the Continental Flag bared an O. But Lincoln (who was treated like Trump) screwed things up for the O's, so they assassinated him.

The reason for the X is because after Christ was crucified, Judaism fell. Then Christianity came along and it co-opted the “x.” In Christian texts, one abbreviation of the Greek word Christos (meaning messiah) used the first two Greek letters of Christos, chi (X) and rho (P), combined into one shape. So both orientations of crossed lines—X shape and the more-or-less lower case T shape—took on religious significance among Christians.

No one knows exactly how this happened: One story is that in 312 CE the Roman Emperor Constantine saw the chi-rho in a dream in which God told him “in this sign you will conquer.” Constantine went on to legalize Christianity, which later became the official religion of Rome. Once it was a sacred symbol, the “x” came to mean “faith and fidelity,”.

Anyways...moving on....

The elite also use gematria to decode messages on covers of magazines and websites. They communicate in plain sight.

Take todays twitter post by Gamestop for example... OAAOOAPA

This decodes into several things...but one phrase it decodes to is, "Moon Baby". Interesting, huh?

​

https://preview.redd.it/kf40dkgshgp71.png?width=1920&format=png&auto=webp&s=ec8425d1f070bdd2b84dc5eabf64876e495110d2

There are hidden messages in the Bible using Gematria. Revelations 13:18... "Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six."

This suggest 666 is a person. In gematria, that translates to Nero Ceasar. If you do your research on that guy....you will understand more about what is happening and why America is what it is. Nero Ceasar was the nephew of Caligula....his mother was insane and when she got Nero into power (at age 16), she had him kill all the Christians in Rome. So that dubbed him the AntiChrist.

Is the 5 ringed insignia, used to symbolize the Olympics, starting to make sense?

Where do we look next?

In the movie Ready Player One, Wade (the main Character) goes to an in game library that has all of Hallidays memories and moments on file....and this is where he finds information on finding the 2nd key to the Easter Egg.

I recently saw where a company created an uncensored library in the game Minecraft.

In a virtual library found in Minecraft, a game where users can build virtual worlds out of blocks and create their own storylines... users can access the work of journalists who have been killed, jailed or exiled by governments, including articles by Saudi journalist Jamal Khashoggi.

The project, launched by Reporters Without Borders, design collective Blockworks, advertising agency DDB Germany and production company MediaMonks, gives users access to articles banned in five countries that rank poorly on the nongovernmental organization’s World Press Freedom Index: Egypt, Mexico, Russia, Saudi Arabia and Vietnam … Work by Javier Valdez — a Mexican journalist who founded the Riodoce newspaper dedicated to crime and corruption and was killed by gunmen in 2017 — can also be read in the library, which creators call “a loophole to overcome censorship.”

Texts by exiled Vietnamese human rights lawyer and blogger Nguyen Van Dai are also showcased, as well as articles from Russia’s blocked grani.ru website and Egypt’s blocked Mada Masr portal.

​

https://preview.redd.it/9rd48zsuhgp71.png?width=1920&format=png&auto=webp&s=cb701a1cf81f5ade2b3727a09ab41ab4e788ddec

This is where we look...there has to be something in here that will shed light on where we need to go and what we need to learn.

IMO...

...Citidel was created to manipulate the internet boom and to cause the bubble to pop so that evil may rule the internet. But the good guys (the ones that built the internet) saw this coming and created blockchain.

Stuart Haber and W. Scott Stornetta envisioned what many people have come to know as blockchain, in 1991. Their first work involved working on a cryptographically secured chain of blocks whereby no one could tamper with timestamps of documents (emails).

In 1992, they upgraded their system to incorporate Merkle trees that enhanced efficiency thereby enabling the collection of more documents on a single block. However, it is in 2008 that Blockchain History starts to gain relevance, thanks to the work one person or group by the name Satoshi Nakamoto.

Satoshi Nakamoto is accredited as the brains behind blockchain technology. Very little is known about Nakamoto as people believe he could be a person or a group of people that worked on Bitcoin, the first application of the digital ledger technology.

Nakamoto conceptualized the first blockchain in 2008 from where the technology has evolved and found its way into many applications beyond cryptocurrencies. Satoshi Nakamoto released the first whitepaper about the technology in 2009. In the whitepaper, he provided details of how the technology was well equipped to enhance digital trust given the decentralization aspect that meant nobody would ever be in control of anything.

Ever since Satoshi Nakamoto exited the scene and handed over Bitcoin development to other core developers, the digital ledger technology has evolved resulting in new applications that make up the blockchain History.

A very common question, when was blockchain invented? We see can say Blockchain was invented in 1991.

These technological pioneers invented blockchain to make it much more difficult to alter emails. They made a system where you could build off of it. Making things more and more secure as time went on. Building off that code, Bitcoin was created.

Satoshi Nakamoto became associated with Bitcoin in 2008, when a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System was published under the name. The paper laid the groundwork for cryptocurrency, detailing the bare bones of how the digital currency would come to function.

The history of Bitcoin and its' creator, Satoshi Nakamoto, is very mysterious. Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database. Nakamoto was active in the development of bitcoin up until December 2010. Many people have claimed, or have been claimed, to be Nakamoto. Truth is, no one knows who Nakamoto is.

Let us look at how Bitcoin can help us get away from the old system.

Bitcoin runs off a Proof-of-Work system. Proof of work (PoW) describes a system that requires a not insignificant but feasible amount of effort in order to deter frivolous or malicious uses of computing power, such as sending spam emails or launching denial of service attacks. The concept was subsequently adapted to securing digital money by Hal Finney in 2004 through the idea of "reusable proof of work" using the SHA-256 hashing algorithm.

War is the globally adopted Proof-of-Work (does POW make more sense now?) social consensus protocol that nodes (countries) use to validate the legitimate state of property and its chain of custody. Militaries project force across time (i.e., energy) in a fundamental game of probability to trigger a capitulation event. This is functionally identical to Bitcoin PoW miners projecting energy to probabilistically trigger the end of each block.

The reward for militaries that succeed in probabilistically triggering capitulation, is that participating nodes (countries) will grant consensus to the military host’s claim over what the legitimate state of property is. Thus, the history of warfare, and its corresponding chain of custody, is literally just a PoW backed blockchain. Ever notice how the reserve currency (i.e., the globally legitimized state of property) belongs to the country with the most powerful military? That isn’t a coincidence. Society instinctively values PoW as the ‘fair” consensus.

What we know about Citidel is the started in 1990...around the same time naked shorting started to appear in the market.

Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Kenneth Griffin, the company operates two primary businesses: Citadel, one of the world's largest alternative asset managers with more than US$35 billion in assets under management; and Citadel Securities, one of the leading market makers in the world, whose trading products include equities, equity options, and interest rate swaps for retail and institutional clients

Also, around the same time, Clinton gave China exclusive manufacturing rights on our computer chips.

And now we know Jeff Bezos was a Quant for Hedgies in the 90s and then he started Amazon to monopolize retail.

There is no doubt in my mind that Citadel was created to strongarm the internet boom for their clients.

NFT's can save the day...

The sky is the limit with NFTs. NFTs act as a bodyguard for a securities, commodities and individual assets.

In the Private Sector

  • They can provide secure ownership that NOBODY CAN TAKE FROM YOU!
  • They can provide privacy so NOBODY KNOWS HOW MUCH TAXES YOU SHOULD PAY!
  • You can bundle multiple assets into one and then sell it...without the need for an underwriter.
  • You can put your mortgage into one and sell it without the need for a bank to do the paperwork.
  • You can put royalty agreements into something you sell so your family will continue to make money off of it every time it is bought/sold.

In the Public Sector

  • They can secure a financial pool, like Social Security, from greedy Politicians robbing Peter to pay Paul.
  • They can have secret beacons that alarm the Public of illegal activity.
  • You can display Identification of a public figure to monitor their finances in real time.

My idea is to make it to where politicians and governments must ID themselves in all of their digital transactions and anyone who pays them or takes payment must ID themselves and their transaction history.... media too.

Literally, the sky is the limit.... Anything you can think of, it can do.

This is the opportunity for accountably and transparency to prosper for the Public Sector....and for Privacy to prosper for every Human on Earth.

WE MUST OVERSEE THIS FORECOMING ECONOMIC CHANGE OR THE GOVERNMENT WILL USE THIS OPPURTUNITY TO USE NFT’s TO LEVERAGE OUR ASSETS AGAINST US!!!


πŸ‘‰3000% Growed This Diamond . πŸ…±️itcine

πŸ„° πŸ„³πŸ„ΈπŸ„°πŸ„ΌπŸ„ΎπŸ„½πŸ„³ πŸ…ƒπŸ„ΎπŸ„ΊπŸ„΄πŸ„½ πŸ„±πŸ„ΎπŸ…πŸ„½ πŸ…±️itcine

‼️3000% UP‼️

✔BITCINE is long term token

✔BITCINE isn't pump&dump token

✔Our income isn't from BitCine (we have good salary already)

✔We work on BitCine full time

✔We are not emotional team(won't be dissappointed at losing value& won't be excited at rising value .. We work at both sides)

✔We prefer to growing SLOWLY but WISELY instead of fake big pumps and start deep dumps

✔We were at BITCOIN trading since 2012

✔Referral System .You'll get Rewards for anyone join to group via your ref link

✔Reward Events

BitCine is built to pay. This is only the very beginning of something that will change the game. We are taking over the block, and we will be heard. Our strength will be built within our community. When we hit 500 members we will have our first giveaway. Paper hands, scammers, and everything we stand against are not only not welcome....they will get whacked! Let's show the bsc how strong a community really can get!

WE HAVE LAUNCHED ANONYMOUSLY ALREADY . SO ANYONE GET IN EARLY CAN BUY BTCE CHEAPER THAN NEXT JOINERS! DONT MISS OUT

Tg: https://t.me/bitcineofficial

Website: http://www.bitcinegroup.com

Tw: http://www.twitter.com/bitcinetoken


5 Things

Evergrande fears linger, China outlaws crypto transactions, and a busy political weekend.

Preparing the ground The People’s Bank of China has pumped a net 460 billion yuan ($71 billion) of short-term cash into the banking system in the past five working days as policymakers seek to avoid contagion from China Evergrande Group’s problems. The indebted developer’s stock and bonds fell again, following a rally yesterday, as investors wait for any sign of a payment of the interest due yesterday. The company has a 30-day grace period before a default would be declared. While authorities in China are trying to contain any possible fallout, this morning European Central Bank President Christine Lagarde echoed comments from Federal Reserve Chair Jerome Powell

Illegal
Cryptocurrencies are dropping this morning after China’s central bank posted an announcement on its website saying all crypto-related transactions are illegal. The nation’s economic planning agency said that it is an urgent task to root out crypto mining and the crackdown is important to meet the country’s climate goals. Bitcoin fell about 4% to $42,900 by 5:50 a.m. Eastern Time in the wake of the announcement, with more severe losses in other coins as Ether, EOS, Litecoin and Dash all dropping more than 7%.

Busy times Lawmakers in Congress are coming under increasing time pressure as they try to both resolve both the imminent halt to funding for the federal government and progress on President Joe Biden’s economic agenda. With deadlines approaching, House Democrats penciled in a rare Saturday committee meeting to prepare the ground for a possible vote next week on the $3.5 trillion package. Lawmakers, meanwhile, have until Sept. 30 to reach a deal to avert a government shutdown. Things are also heating up on the other side of the Atlantic, with German politicians making their last pitches to voters ahead of Sunday’s election which will see the end of Angela Merkel’s 16-year term as Chancellor.

Markets slip Evergrande’s apparent failure to make yesterday’s bond payment is hurting sentiment in Asia, and a bond selloff in Europe and the U.S. is reducing risk appetite there. Overnight the MSCI Asia Pacific Index added 0.4%, with that gain almost entirely attributable to a strong rally in Japan where the Topix index closed 2.3% higher. Europe’s Stoxx 600 Index was 0.8% lower at 5:50 a.m. after disappointing German survey data added to growth concerns in the region. S&P 500 futures pointed to a drop at the open, the 10-year Treasury yield was at 1.413%, oil held over $73 a barrel and gold rose.

Coming up... U.S. new homes sales numbers for August are at 10:00 a.m. The latest Baker Hughes rig count is at 1:00 p.m. There is a flurry of Fed speakers today with Cleveland Fed President Loretta Mester, Kansas City Fed President Esther George and Atlanta Fed President Raphael Bostic all speaking at separate events, while Fed Chair Jerome Powell, Governor Michelle W. Bowman and Vice Chair Richard H. Clarida host a “Fed listens” event. Carnival Corp is among the companies reporting results.

What we've been reading Here's what caught our eye over the last 24 hours.

Trumpworld gets a red-carpet welcome in Bolsonaro’s Brazil. The burner phone that dialed up a French insider-trading probe. Traders go all in on BOE winning rate-hike race versus Fed… ...while the ECB’s ultra-stimulative path is looking lonelier.
The energy future needs cleaner batteries. Billionaire row condo board sues over 1,500 building defects. Apophis: The asteroid we thought might hit us. And finally, here’s what Katie’s interested in this morning There are few things more delightful than the intersection of the crypto universe with fixed-income. Luckily, Joseph Abate from Barclays seems equally as charmed. He argued in June that perhaps tokenization could improve repo settlement; he’s explored the financial stability risks stablecoins might pose; and just this week, Abate posed the question in a research note: “Securities lenders, dealers, and banks have plenty of experience repo’ing traditional assets, but what about crypto assets?”

Yes, I cried, what about crypto assets? Banks and dealers would be a natural home for crypto repo, Abate writes, given that there’s “little conceptual difference” between the custody of traditional assets and a digital wallet. And there’s clearly demand -- a sort of decentralized repo market for crypto has sprung up outside the realm of bank intermediation, where an ecosystem of asset financing, lending and deposit taking is developing without brokers or exchanges.

However, Abate notes that banks and dealers have been reluctant to enter the financing market for digital assets. There are several good reasons for that: for instance, legal documentation and enforcement mechanisms are limited and counterparty and data risks are a concern.

But beyond that, there’s also the issue that crypto repo can be astronomically balance-sheet intensive for dealers. As Abate lays out, the Basel Committee on Bank Supervision proposed two classifications for crypto assets as they relate to banks’ exposure: one group includes tokenized versions of traditional securities and stablecoins, and the other contains everything else. For the latter group, the risk weighting of capital requirements would be as high as 1250%. In addition, minimum repo haircuts would be 25%.

That’s a strong incentive to stay away -- maybe too strong. If the BCBS’s proposed treatment makes it prohibitively expensive for banks to offer crypto repo, participants may instead turn to the developing decentralized networks to meet their needs.

That could create another headache, Abate writes: ``While this would protect banks from crypto asset risks, shifting all this activity outside the regulated sector makes it harder to monitor, and this could create other challenges to financial stability.''

Follow Bloomberg's Katie Greifeld on Twitter at @kgreifeld

Like Bloomberg's Five Things? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close.