Bitwise Asset Management, the crypto-focused fund manager, has hired Katherine Dowling as its first general counsel.
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A proposal to extend tax breaks to cryptocurrency miners who make a home in the U.S. state of Kentucky has advanced in spite of a potential drain on the government’s coffers.
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Quick Take
- Despite February being the shortest month of the year, several metrics recorded new records.
- Total adjusted on-chain volume saw a moderate increase of 11.6% to a new all-time high of $590 billion.
- Adjusted on-chain volume of stablecoins increased by 24.9%, to a new all-time high of $381.9 billion.
- For the first time since July 2017, Ethereum miners revenue is on par with Bitcoin miners revenue at $1.36 billion.
- Centralized exchange spot trading volumes increased by 25.7%, to a new all-time high of $1.153 trillion.
Bitcoin mining operation Compass announced a fundraise led by Galaxy Digital.
The post A startup that wants to expand access to bitcoin mining raises $1.7 million round led by Galaxy appeared first on The Block.
Quick Take
- The fastest-growing blockchain applications focused on decentralized finance in 2020. To start 2021, NFTs have been at the center of attention
- DeFi overall has seen (more) linear growth rates in 2021, instead of the exponential rates we saw in the summer of 2020
- MakerDAO is a standout, with $85 million in annualized stability fees as revenue to MKR token holders. Prediction markets are down in popularity post-2020 election
Sovryn, a bitcoin-based decentralized finance (DeFi) protocol for trading and lending, has raised $10 million in a token sale.
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On this episode of The Scoop, Ethereum 2.0 developer and Prysmatic Labs founder Preston Van Loon and Joe Sticco broke down Cryptex.
The post A deep dive into Eth 2.0, scaling and a project that lets users buy the entire crypto market appeared first on The Block.
BlockTower Capital, a crypto industry investment firm, has received investments from billionaire hedge funder Marc Lasry and J. Christopher Giancarlo, the former CFTC chair.
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Crypto exchange giant Binance announced Tuesday an investment in Multicoin Capital.
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Customers can build Ethereum-based decentralized finance and other decentralized applications without any of the common headaches associated with maintaining them.
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