Top officials from the Bank of Canada rebuked claims that Bitcoin, or any other cryptocurrency for that matter, could substitute the Canadian dollar in the face of the country’s rising inflation, according to a Global News report. During testimony before the finance committee of the House of Commons on Monday, Liberal MP Yvan Baker asked the bank’s governor Tiff Macklem…
press release PRESS RELEASE. The Web3 Investment firm has purchased 40 NFT plots of virtual real estate on the SuperWorld platform. From companies like Apple and Facebook to brands like Puma and Gucci and beyond, suffice it to say the Metaverse is becoming the new frontier for commerce and community. And right now, many forward-looking investment firms and financial institutions…
MetaMask is a well-known wallet for Ethereum-enabled distributed applications (dApps). But can MetaMask hold Bitcoin (BTC), which remains the largest cryptocurrency? For many crypto investors, Bitcoin is an important part of their portfolio. Besides being an investment asset, Bitcoin can also be used as a payment method. Thanks to wallets such as MetaMask, paying via blockchain technology has become much…
Fidelity Investments plans to allow investors to allocate part of their 401(k)s into bitcoin later this year, according to a report by The Wall Street Journal. Fidelity, which manages employee benefit programs for nearly 23,000 businesses, is set to become the first major retirement-plan provider to allow bitcoin exposure in retirement accounts. “There is a need for a diverse set…
Two European citizens have been charged for conspiring with Ethereum developer Virgil Griffith to help North Korea evade U.S. sanctions using cryptocurrency, the Department of Justice (DOJ) announced. They conspired “to teach and advise members of the North Korean government on cutting-edge cryptocurrency and blockchain technology, all for the purpose of evading U.S. sanctions.” Virgil Griffith and Two Co-Conspirators at…
The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC). The new Bitcoin retirement investment plan would go live later this year. It will allow over 23,000 companies associated with Fidelity to administrate their retirement accounts to offer Bitcoin investment options to the customers, reported The Wall Street Journal. If…
Bitcoin has recovered back above the key $40,000 level, putting a majority of BTC holders back in the money, according to data from IntoTheBlock. The leading cryptocurrency is currently trading hands at $40,485, up over 5% on the day. On average, 63% of global investors who purchased Bitcoin now enjoy a profit from those purchases at today’s price. Just 28%…
Crypto tax calculation platform Koinly added Terra (LUNA) wallet support to make tax calculation easier for LUNA holders as the Canadian tax report deadline draws near. Tony Dhanjal, head of tax at Koinly, said that LUNA support has been requested by many Koinly users, and with the integration, LUNA users will have a “way to accurately track and record their…
Fidelity Investments, America’s largest provider of 401(k) savings accounts, is rolling out the Digital Assets Account, a new proprietary offering that gives companies access to Bitcoin (BTC), the world’s leading cryptocurrency. According to a New York Times report, the new product is expected to go live this summer, enabling companies—if they choose to do so—to add Bitcoin to their customers’…
Dogecoin (DOGE) prices flipped higher in the last 24 hours after its most celebrated backer Elon Musk purchased Twitter for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021. Twitter’s native currency: Dogecoin? DOGE’s price rose by nearly 25% to $0.15 on a 24-hour adjusted timeframe,…
