25,600 Bitcoin (BTC) Worth $1.2B Has Left Coinbase in the Past Week

In brief: 25,600 Bitcoin has left Coinbase in the last week 13k Bitcoin left Coinbase on the 25th of February This shows that institutions are scooping up the Bitcoin dip with Coinbase facilitating a majority of the orders Bitcoin bullishness might be reignited thanks to the passing of a $1.9 Trillion stimulus bill by the US Congress In the past week, 25,600 Bitcoin (worth roughly $1.2 Billion) has left the crypto exchange of Coinbase. This is according to an obervation made by the team at Bloqport as seen in the…

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Al Buraq Is Now a Part of Al-Quran Promoting the Teachings of Holy Quran

The inception and distribution of Al Buraq certifies that it is possible to bridge the gap between modernism and the pivotal traditional values that are sacred to the community. Running on the blockchain Althash, the Al-Buraq is an HRC20 crypto-currency token developed for operations on the website Al-Burq. The Al-Buraq website runs with a purpose to propagate the teachings of the Holy Quran and the token will be used by the students to buy digital prints of the holy Quran and to reward the teachers contributing towards the cause. What…

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JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge

After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can Allocate 1% of Portfolios to Bitcoin, Says JPMorgan JPMorgan Chase now sees benefits in adding a small percentage of bitcoin to a multi-asset portfolio. The firm’s global head of research, Joyce Chang, and vice president of strategic research, Amy Ho,…

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Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

One of DeFi’s strangest experiments continues to push the envelope in both governance and architecture. Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product. On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour Haridy compares Anchor to Synthetix, which issues credit in the form of synthetic assets back by overleveraged collateral, and Compound,…

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