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Coinbase cbBTCCoinGape
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Bloomberg analyst Eric Balchunas defends cbBTC, citing BlackRock 's involvement as a reason for trust in the project.
The Bloomberg analyst said BlackRock ’s involvement adds credibility to the product of one of the top crypto exchanges.
He said that BlackRock would not tolerate any mismanagement of Bitcoin reserves by the crypto exchange.
Meanwhile, CEO Brian Armstrong assured the community that the funds are stored in the exchange's Prime vaults, with trades typically settled within one day .
VR Score
59
Informative language
50
Neutral language
67
Article tone
formal
Language
English
Language complexity
57
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not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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2
Source diversity
2
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