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Twitter has banned Donald Trump’s account (@realDonaldTrump) permanently just days after supporters broke into the Capitol Building, citing a review of recent tweets that the social media platform says could lead to further violence.

Morgan Stanley now owns 792,627 shares in the company best known for using its treasury funds to load up on bitcoin.

After Bill Miller extolled the possibilities for bitcoin adoption in the coming year in his Q4 letter, the value investor doubled down on such claims today in an interview with CNBC.

Amid market advances beyond the $40,000 mark, Miller said bitcoin is still posed to move higher and even “considerably higher.” As firms like Square and PayPal buy up newly minted bitcoins each day and retail demand continues to climb while bitcoin’s supply grows more slowly, bitcoin is likely to reach new highs, according to Miller. 

As people speculate where the top is, Miller said the Federal Reserve policy of pinning interest rates to zero makes cash a “guaranteed loser.” Allocating one to two percent of your cash to bitcoin is a good hedge, even if the cryptocurrency ultimately fails, according to Miller.

“I think it’s more a risk management strategy than anything else to have a little money in bitcoin,” he said.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

It supersedes the $200,000 option on Deribit as the maximum one can wager.

Bitcoin hit a brand-new all-time high as traders are piling into ether futures.

“TVL isn’t the best indicator when ETH and all other crypto is green for weeks,” one observer said of DeFi’s recent growth.

Data and traders reveal the source of XRP’s recent price rally could be Asia.

The volume for Ethereum futures reached $257.06 billion in December, according to data compiled by The Block.

December’s total was $10.8 billion (4.4%) more than November 2020, which was the previous high, per Skew data.

Huobi reportedly the largest volume share at 32.8%. Binance came in with a close second at 32.1% of Ethereum futures volume, followed by OKEx at 16.8%. 

December also saw new highs for on-chain stablecoin volumes, crypto exchange trade volume, and web traffic to crypto exchanges.

For additional insights, read The Block Research’s December by-the-numbers report.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole.

Square Crypto’s latest grant will fund a developer’s work on software that could improve how mining collectives pool hash power.