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JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge
Bitcoin News - 28 February 2021, 2:30 amAfter saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can…Read More
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Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol
Cointelegraph.com News - 28 February 2021, 12:36 amOne of DeFi’s strangest experiments continues to push the envelope in both governance and architecture. Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product.On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA,…Read More
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Harvard Professor Kenneth Rogoff Warns Central Banks Will Never Allow Bitcoin to Go Mainstream
Bitcoin News - 27 February 2021, 11:30 pmHarvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says that central banks won’t allow bitcoin and other cryptocurrencies to become mainstream. “Eventually over the long course of history, the government first regulates and then it appropriates, and I think we can see…Read More
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3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying
Cointelegraph.com News - 27 February 2021, 11:05 pmStrong fundamentals and new partnerships back the strong rallies in Morpheus Network, Bridge Mutual and Reef Finance. As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion’s share of investor’s attention as they are…Read More
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Bitcoin plunges, Ethereum suffers, Musk loses billions: Hodler’s Digest, Feb. 21–27
Cointelegraph.com News - 27 February 2021, 9:09 pmComing every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekIncreasing stock market volatility drags Bitcoin and altcoin…Read More
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This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk
Cointelegraph.com News - 27 February 2021, 8:30 pmHate being liquidated? Here’s how traders use the Long Butterfly options strategy to generate profits with less downside risk. Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the…Read More
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Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month
Bitcoin News - 27 February 2021, 8:30 pmThe total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the…Read More
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Transaction batching protocol Furucombo suffers $14 million “evil contract” hack
Cointelegraph.com News - 27 February 2021, 7:59 pmThe latest attack relied on user permissions granted to the protocol The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds. Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the attack at…Read More
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The $282 Million Awakenings: 120 Bitcoin Block Rewards from 2010 and 2011 Woke Up This Year
Bitcoin News - 27 February 2021, 5:30 pmOn February 25, onchain analysts noticed two 2010 block rewards that were transferred after sitting dormant for over a decade. A lot of old blocks have been spent in 2021, and after the large strings of 2010 block rewards spent on January 3rd and 10th, another massive string of 20…Read More
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Arca to Join the Bitcoin Trust Race Competing Against Numerous Crypto Fund Rivals
Bitcoin News - 27 February 2021, 2:00 pmAnother firm is joining the bitcoin trust sector, as the California fund manager Arca has filed a registration with the U.S. Securities and Exchange Commission (SEC) for its Arca Accredited Investor Bitcoin Trust. The trust will compete with a number of competitors including Grayscale’s popular bitcoin investment vehicle GBTC. Arca…Read More
