Hut 8 Ends 2021 With 5,518 BTC in Reserve, Secures $30M Loan

[ad_1] Hut 8 mined 276 BTC in December, up from 265 in the previous month. The miner deposited all bitcoin mined into custody, as per its “hodl” strategy. Hut 8 now holds 5,518 BTC in reserve, a 97% increase from December 2020. Hut 8, a publicly-listed bitcoin mining company, mined 8.9 BTC per day on average in December, totaling 276 bitcoin produced in the month, the company said in a statement Wednesday. Following on its “hodl” strategy, Hut 8 said it deposited all bitcoin produced in the period into custody,…

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How Federal Reserve Asset Tapering Impacts Bitcoin Price

[ad_1] The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Yesterday, the Federal Reserve Board announced doubling the pace of its asset tapering to $30 billion a month, which was slightly more hawkish than consensus expectations. Rather than end all asset purchasing today, Jerome Powell highlighted that a calculated, methodical approach to winding down asset purchasing is a more stable approach for…

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Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency – Bitcoin News

[ad_1] The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash. New Zealand Central Bank Considers Risks and Benefits of CBDC Reserve Bank of New Zealand (RBNZ) is now gathering input from the public on the potential use of a central bank digital currency (CBDC), Reuters reported following an announcement released by…

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Bitcoin Default Digital Reserve Currency

[ad_1] Bitcoin is king — it is still the best performing asset of our lives. It has silenced its harshest critics and only continued to grow in adoption, usability and relevance. The fact that bitcoin has achieved all this in only 12 years is remarkable. However, there is a very real specter that has been haunting the Bitcoin blockchain since its inception: speed. As adoption continues to bring billions in institutional money, retail, venture capital and now even entire countries into the Bitcoin ecosystem, we are facing the congestion and…

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‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper

[ad_1] A paper published by the Federal Reserve Bank of St Louis has delved into the expansion of decentralized finance and Ethereum’s role in it. The research, penned by Dr. Fabian Schär and published on May 2, has taken a deep dive into the world of DeFi, hinting that if security concerns and risks can be addressed, it may lead to huge changes in the financial industry. “DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way,” Dr. Fabian Schär…

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Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value – Regulation Bitcoin News

[ad_1] The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief Calls Bitcoin a Store of Value The president of the Federal Reserve Bank of Dallas, Robert Kaplan, talked about bitcoin and central bank digital currencies (CBDCs) Friday at the Texas A&M Bitcoin Conference 2021 hosted by Mays Business School. Firstly, Kaplan explained that he would distinguish between bitcoin…

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