Retirement plans still largely remain at the periphery of both crypto adoption and the regulatory discussion. But last week, a major development emerged in this department. United States Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota became concerned about Fidelity’s recent announcement of adding Bitcoin (BTC) to its clients’ 401(k) retirement investment menu. In a letter to the…
Bitcoin is for the millions, not the millionaires. At Paxful, we’re on a mission to show that Bitcoin has the power to open up the global economy to countless unbanked people around the globe — providing an accessible and sustainable alternative to traditional finance and a chance for financial liberation. Speculation may have popularized bitcoin but use cases like remittance,…
The International Monetary Fund, or IMF, has turned its attention to the Bahamas’ central bank digital currency (CBDC), the Sand Dollar, and suggested additional regulatory oversight and education. Reporting on a consultation with the Caribbean nation on Monday, the IMF said its executive directors “recognized the potential of the Sand Dollar to foster financial inclusion” and recommended the Central Bank…
Cryptocurrency exchange Bitso has announced Bitso+, a feature for customers seeking to earn yields on digital assets. The Mexico City-based exchange, which serves Latin America and with over 4 million users is one of the region’s largest, today said the feature allows clients to gain up to 15% annually on USD stablecoins. A stablecoin is a cryptocurrency designed to be…
Tl;dr: Apply for our summer 2022 Community Ambassador Program here. If you live and breathe crypto or you’re simply crypto-curious and want to gain more exposure to the industry, this is the perfect opportunity. Program rolls out June through August 2022. Application deadline is May 23rd. by Mengfan Zhang, Ecosystem Manager at Coinbase Coinbase is announcing our Summer 2022 Community…
Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as its new global CEO following the departure of Julian Sawyer. In a Monday announcement, Bitstamp said Sawyer, who first became CEO of the crypto exchange in October 2020, “has decided to pursue other opportunities.” Graftieaux took over the position on May…
Compound Treasury received a B- credit rating from S&P Global Ratings earlier today, making the decentralized lending protocol the first-ever DeFi institutional offering to be rated by a major credit rating agency. Compound allows borrowers to take out crypto loans, and lenders to lock crypto assets into protocols, for a return of interest that fluctuates depending on demand for a…
This is an opinion piece about BIP119 (OP_CTV). If you would like to submit a counter argument, please email Bitcoin Magazine. BIP119, or Check Template Verify (CTV), has been the center of an absurd and ridiculous controversy in the last week or so. There are two aspects of what is currently driving this controversy, the CTV functionality itself and the…
The Problem The wheel is often touted as one of the most important tools to have ever been invented. Furthermore, cars allow for travel across vast swaths of land and their commodification can’t be overstated. That being said, tires are an environmental nuisance. They don’t biodegrade and are difficult to properly dispose of. Worse yet, up to 300 million tires…
The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to today’s $1.58 trillion. While crypto markets looks extremely bearish these days, a few crypto advocates have theorized the bear market will be less harsh this time around. Furthermore, there’s also the rare scenario that bitcoin’s price could reverse and see…
