Gary Gensler, the former CFTC chairman nominated to lead President Joe Biden's Securities and Exchange Commission (SEC), said Tuesday that cryptocurrencies “have been a catalyst for change.”
His remarks followed a question about what Congress and the SEC can do to create “a more forward-thinking” bu...
Evolve Funds, which won approval from regulators in Canada for its bitcoin exchange-traded fund (ETF) last month, filed on Monday for a product based on ether (ETH).
The proposed ETF shares similarities with its bitcoin product, including how Cidel Trust Company and Gemini will serve as custodian an...
Publicly-traded bitcoin mining firm Bitfarms has ordered 48,000 new machines to expand its hashrate.
The Toronto Stock Exchange-listed company announced the news on Tuesday, saying that the new MicroBT machines will help expand its hashrate by over 5 exahash (EH)/ second from the current over 1 EH/s...
News
02 Mar 2021
Polkadot-based decentralized insurance project Tidal Finance raises $1.8 million in a token sale
Tidal Finance, the yet-to-launch Polkadot-based decentralized insurance protocol, has raised $1.8 million in a private token sale round.
The round was led by Hypersphere Ventures, the venture firm co-founded by Polkadot co-founder Robert Habermeier, with participation from Spartan Capital, Kenetic C...
Cboe Global Markets--the global equities exchange--filed a request with the Securities and Exchange Commission to list and trade shares of VanEck's bitcoin ETF. The firm's filing reignites VanEck's journey to launch an ETF tied to bitcoin in the US.
"Our filing builds on VanEck’s earlier S-1 filing...
Decentralized exchanges (DEXs) ended the month of February with the highest monthly volume on record, according to data gathered by The Block.
February's monthly volume hit a new high of approximately $72.89 billion, increasing by $12 billion from January.
Uniswap continued to lead in the DEX spac...
Total Ethereum mining revenue reached $1.37 billion in February — a new record, according to data from The Block.
Ethereum mining revenue grew 65.1% between January and February. During that time, transaction fees grew 122.1%.
Ethereum mining revenue often features a relatively high ratio of trans...
Goldman Sachs is reigniting its bitcoin trading desk operation, according to people familiar with the move.
The move, reported earlier by Reuters, comes as bitcoin's price flirts once more with $50,000. The bank first launched a bitcoin desk — which cleared futures and traded non-deliverable forwar...
News
01 Mar 2021
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...
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...
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