“We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now it’s recently from other institutions, pensions and endowments.
The sizes of allocations they are making are growing rapidly as well.”
“According to an Axios report, President-elect Joe Biden is considering a two-pronged stimulus effort in the form of $2,000 checks for Americans and a tax and infrastructure spending package worth $3 trillion. The new fiscal stimulus is expected to boost inflation, weaken the U.S. dollar and bring more buyers for scarce assets such as bitcoin and gold.
The U.S. central bank is unlikely to unwind or scale back its $120 billion-per-month asset-purchase program any time soon and is committed to keeping interest rates at record lows for sometime after inflation has risen above its 2% target.
The Biden stimulus may add an extra jolt to bitcoin’s price, but nothing more than pushing along a barreling freight train.”
“The shares of MicroStrategy, a relatively little known business intelligence firm prior to its massive investment in the leading cryptocurrency, have soared 330% since the company bought its first bitcoin on Aug. 11, 2020, rising from $123.80 to $539.57.
Given MicroStrategy’s shares are largely tracking the price of bitcoin, which is up more than 40% this year following a 300% gain in 2020, it’s likely Morgan Stanley views its investment as a way to benefit from bitcoin’s historic run without actually being a HODLer.”
“More people are searching for the word “Ethereum” now than ever before in its history. Google Trends data reveals that the number of Google searches currently being performed for “Ethereum” is at an all-time high, eclipsing search interest during the height of the last Ether (ETH) bull run.
The same can’t be said for searches of “Bitcoin,” which remain at just 65% of its peak popularity on Dec. 23, 2017. That said, many more people are searching for “Bitcoin” rather than “Ethereum” by a ratio of approximately five to one.”
“The UK government is seeking consultation until March 21, 2020, on a regulatory proposal that explores the scope and regulation of stablecoins.
The paper said that if appropriate standards and regulations were met, certain stablecoins could play an important role in retail and cross-border payments (including settlements).
To reflect the proposal to bring additional tokens and associated activities into regulation the government is considering whether a new category of regulated tokens may be needed – stable tokens.”
“For anyone unfamiliar with blockchain explorers in general, this guide will go over the basic details of reading an Ethereum 2.0 blockchain explorer.
Unlike Bitcoin and Ethereum, Ethereum 2.0 progresses in epochs, not blocks. An epoch is a bundle of up to 32 blocks that actors on the network (called validators) propose and attest to over a period lasting roughly 6.4 minutes. An epoch, along with all the blocks of which it is composed, is only considered finalized after the progression of two more epochs after it.
A total of 262,144 validators is needed at minimum for Eth 2.0 to advance to its next phase of development in which 64 mini-blockchains, called “shards,” will be spawned. At the current rate of 900 new validators being added to the network each day, phase 1 will occur sometime in late August or early September of this year.
A participation rate of 99% suggests the vast majority of validators on Eth 2.0 are doing their job and securing the network. Significant declines in this number would suggest active validators are shutting their nodes down and disconnecting from Eth 2.0.”
“Cryptocurrency exchange Bakkt, which is majority-owned by Intercontinental Exchange (ICE), is in advanced talks to go public via a merger with a special purpose acquisition company (SPAC).
The deal, if it’s concluded, would value the combined company at more than $2 billion.”
“India’s regional internet shutdowns in 2020 cost its economy approximately $2.8 billion, making it the country that suffered the most damage from internet manipulation by a government last year. India and Myanmar are responsible for the longest shutdowns for the second consecutive year.
Not only are [internet disruptions] an act of economic self-sabotage, they also violate citizens’ freedom of expression, the right to information and the right to peaceful assembly.”