Fidelity’s director of global macro: bitcoin is ‘worth considering for inclusion in a portfolio’
Given the current economic backdrop, investors might want to start considering adding bitcoin to their portfolio, argues Jurrien Timmer, the director of global macro at Fidelity Investments. In a note titled "Understanding Bitcoin," Timmer — a 26-year veteran of the asset management giant — said tha...
Bitcoin could become the “currency of choice for international trade”, says Citi
US banking giant Citi has authored a new report which suggests bitcoin could become “an international trade currency” as it evolves. The report, entitled “Bitcoin: At the Tipping Point”, charts the evolution of bitcoin from a form of payment to its current status as a store of value. The authors for...
China’s Inner Mongolia seeks to shut crypto mining farms in new proposal
The government of China's Inner Mongolia region is seeking for public feedback on a regulation proposal, which includes plans to shut down all crypto mining farms in the area. The Inner Mongolia Development and Reformation Commission (DRC) published a proposal last week on various regulatory measure...
Last week brought the first bearish weekly close for Bitcoin since mid-January. After dropping over 25%, the week closed near $45,200 - just over 21% below its opening price. [Trade with up to 100x leverage on KuCoin Futures] Meanwhile, the altcoin marketcap lost nearly $160 billion in value, dropping from approxim...
On-chain stablecoin volume surpasses $360 billion for February
The adjusted, monthly on-chain stablecoin volume hit a new high in February, rising above $360 billion for the first time. As expected, the volume figures were dominated by Tether (USDT). USDT saw 63.5% of the volume, with 18.7% going to USD Coin (USDC) and 9.6% to DAI.  USDT also saw its most-ever...
DeFi building block service Furucombo exploited for $14M
Furucombo, a drag and drop tool for users to create DeFi transactions, has been exploited. The exploiter has stolen roughly $14M in ETH and ERC-20 tokens. According to The Block Research's Igor Igamberdiev, the exploiter used a fake contract to trick Furuсombo into thinking that Aave v2 had a new im...
Monthly crypto exchange volumes broke $1 trillion for the first time in February
Crypto exchange data collected by The Block Research shows monthly traded volumes surpassing $1 trillion in February, a new record. As of February 27, the monthly volume figure stood at $1.05 trillion. That represents an increase of $143.9 billion — or 15.9% — from January when the previous monthly ...
Kraken offers refunds to crypto exchange traders hit by ETH price fall
Crypto giant Kraken has been offering refunds to traders hit with heavy losses as a result of a sharp dip in the price of Ether (ETH) on the exchange earlier this week. The price of ETH on Kraken fell to $700 on February 22, significantly below its low point on other major exchanges. With investors ...
Crypto exchange Coinbase hints at potential token issuance in its S-1 filing
Crypto exchange unicorn Coinbase's S-1 filing went public as part of its bid for a direct listing on Nasdaq. Included in that document were hints at a possible token issuance in the future.  On page 68 of the filing, as part of its risk disclosures, Coinbase said that it may raise additional capital...
Ethereum’s biggest mining pools take opposing stances on EIP-1559 plan
Two of the three largest Ethereum mining pools are the latest to take a public stance on Ethereum Improvement Proposal (EIP)-1559, a proposed protocol update that could reduce miners' transactional revenues. F2Pool, currently the third-largest Ethereum pool with about 11% of the network's hashrate, ...

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