Bitcoin has outperformed all major asset classes in 2021 despite its “relatively small” return of 62%, according to cryptocurrency data insights firm CoinGecko.
Credit: CoinGecko
In its “Yearly Report 2021”, the firm added that bitcoin has seen its correlation with major asset classes trend down in 2021. Previously, the digital asset had positive close correlations with assets such as gold and equities.
Credit: CoinGecko
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Payment company Block — formerly known as Square — is working on building an “open bitcoin mining system”, its CEO Jack Dorsey announced on Twitter.
Block’s general manager for hardware Thomas Templeton further elaborated on the plan, adding that the company wants to make mining more distributed and efficient in every way, from buying, set up to maintenance.
“We’re interested because mining goes far beyond creating new bitcoin. We see it as a long-term need for a future that is fully decentralised and permissionless,” said Templeton.
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Dorsey's tweet
Singapore-based HOKK Finance (HOKKFi), the entity behind "meme token" Hokkaido Inu (HOKK) has released HOKK Premium, an Ethreum aggregator and 444 utility non-fungible tokens (NFTs).
The NFTs will provide users access to crypto portal HOKKFi, their own crypto wallet, a launchpad for promising decentralised finance projects as well as HOKK Premium, among others.
HOKK recorded US$800 million market capitalisation in May 2021. As at Jan 17, the token is trading at 0.03 US cents apiece, with a 24-hour trading volume of US$265,852, according to CoinGecko data.
Cover photo: Executium on Unsplash
