Coinbase Reveals Crypto Exposure On Its Balance Sheet – February 25

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $49,854

Bitcoin price is hovering slightly below the $50,000 mark today, as price stabilizes after the fall earlier this week.

Top-20 altcoins continue to slide, as Ethereum falls 4%, XRP drops 5%, and Binance Coin takes an 8% tumble.

Top Stories for February 25, 2021 πŸ”₯

πŸ‘‰ Coinbase Reveals Crypto Exposure On Its Balance Sheet

Cryptocurrency exchange Coinbase has revealed that it has held Bitcoin and other cryptocurrencies on its balance sheet as far back as 2012, when the company was founded.

The disclosure was made in a blog post today, stating that the company plans to maintain its crypto exposure, as well as assist other companies in doing the same.

πŸ‘‰ Federal Reserve To Engage Public On Digital Dollar

Chairman Jerome Powell has stated that the Federal Reserve will be seeking to engage the public on the possibility of a digital dollar this year.

According to Powell, the Fed will be seeking feedback on problems it has identified via public events. Such events are currently being planned by the central bank.

πŸ‘‰ A16z Leads $25M Investment Round For Ethereum Scaling Solution

Andreessen Horowitz (A16z) has led a $25 million investment round into the Ethereum layer-2 scaling solution known as Optimism.

The project aims to solve problems seen recently on Ethereum pertaining to network congestion and soaring transaction fees.