Bitcoin News Roundup for March 17, 2020

(Ulet Ifansasti/Getty Images)Crypto Long & Short: Bitcoin Gets Ready for a New Type of HedgeOf all of the many clever things Mark Twain is alleged to have said, one of my favorites, especially these days, is: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just…

Last week the International Monetary Fund (IMF) – a United Nations organization that effectively operates as a global lender of last resort – and the Bank for International Settlements (BIS) – a super-governmental central banking agency – published separate reports about the future of the monetary system. Both reports mentioned crypto and central bank digital…

Spot bitcoin ETFs now have attracted over $16 billion of inflows since launching in January. The ETFs took in $300 million alone on Monday, continuing a seven-day inflow streak. Lifetime net inflows into the U.S.-based spot bitcoin exchange-traded funds topped $16 billion on Monday as investors of late have shown themselves to be buyers in

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Bitcoin (BTC), the world's biggest cryptocurrency by market value and a macro asset that closely tracks the U.S. dollar liquidity metrics, has seen a resurgence this year, with prices rising 70% since Jan. 1.The rally may run into a temporary roadblock if Federal Reserve (Fed) chairman Jerome Powell refrains from signaling a highly-anticipated pause to…

Stablecoin issuer Circle Internet Financial has ditched all U.S. Treasury bonds from its USD Coin (USDC) backing reserves as part of precautionary measures to protect from a potential fallout from the looming U.S. debt ceiling showdown.The Circle Reserve Fund, managed by global investment giant BlackRock, held all of its $24 billion of assets under management…

Alert readers of The Protocol will remember our smart feature last month on the concept of “restaking” on Ethereum – essentially a way of sharing the blockchain’s security among other protocols and networks. For today’s issue, our Margaux Nijkerk sat down for an interview with Sreeram Kannan, the University of Washington computing professor who now

Jun 17, 2020 at 19:54 UTCUpdated Jun 17, 2020 at 20:29 UTCFederal Reserve Chairman Jerome Powell (Wikimedia Commons)Private entities aren’t needed to build central bank digital currencies, said the head of the U.S. central bank on Wednesday. Federal Reserve Chairman Jerome Powell, speaking before the House Financial Services Committee, said the idea of a digital…

British maritime classification society Lloyd's Register has developed a prototype blockchain platform aimed to enable more efficient shipping registration, the organization announced Tuesday. The not-for-profit, which is already looking at using blockchain to improve the safety and security of critical shipping infrastructure and individuals in the industry, is now working to speed up the process of…