Even a small amount of Bitcoin can make a difference to investment portfolios and even state pension fund managers are starting to take notice. Jimmy Patronis, the chief financial officer of the State of Florida in the United States, asked the agency that manages the state’s retirement funds to consider investing in Bitcoin, as it has had a “material impact” on traditional investment portfolios’ returns, while also helping reduce their overall volatility. Patronis, in a letter to the Florida...

The once-symbiotic relationship between decentralized stablecoin issuer MakerDAO and lending protocol Aave is fraying. As new innovations are being tested within the decentralized finance (DeFi) sector, tension has started building up. The perceived risk of these innovations puts the two major protocols at a crossroads. At the center of the controversy is a controversial stablecoin mirroring what’s known as a “basis trade” and Maker’s Direct Deposit Dai Module (D3M), Ethena’s USDe. MakerDAO...

Bitcoin’s next halving is fast approaching, and investors are bracing themselves for the price volatility that has come to define the event. The last Bitcoin halving — where rewards for mining a block are sliced in half roughly every four years — saw Bitcoin’s (BTC) volatility index go beyond 9%. So far, there have been three halvings — in 2012, 2016, and 2020 — with the next halving expected to occur in mid-April. While investors holding Bitcoin don’t have to do anything, its impact on the...