The major news of this week was the third halving of bitcoin on Monday 11 May which saw its block reward dropping from 12.5 BTC to 6.25 BTC - marking a significant milestone in the cryptocurrency’s history.

The increasing interest in digital assets from institutional and retail investors alike was further corroborated last week when billionaire hedge fund investor Paul Tudor Jones announced that his firm’s investment mandate had been changed to allow exposure to the cryptocurrency. Hedge fund Renaissance Technologies received regulatory approval from the US Securities and Exchange Commission to enter in bitcoin futures transactions. Jones pointed to bitcoin as a portfolio hedging tool to addr

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