In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to invest directly in Bitcoin (BTC), the flagship cryptocurrency, making crypto a potential part of one’s savings for the future. A 401(k) is a retirement savings plan offered by many U.S. employers that give the saver tax advantages and allow for several different…
Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks could take BTC as high as $37,000 Data from Cointelegraph Markets Pro and TradingView followed the largest cryptocurrency as it circled $31,500 on the back of 6% daily gains. The start of Wall…
Binance’s venture capital and incubation arm announced it invested in CAKE, the utility and governance token of decentralized exchange (DEX) PancakeSwap. The undisclosed investment is part of the entity’s “mission to facilitate the next wave of global blockchain adoption by providing technology development, marketing and community support, and enterprise solutions for Web3 transformation,” said Binance Labs. Launched in September 2020,…
Octagon Networks has converted its entire balance sheet into bitcoin.The company will also begin accepting bitcoin as payment for all services, offering a 50% discount to customers using BTC.Octagon said MicroStrategy inspired the particular business model it is adopting for its Bitcoin strategy. Octagon Networks has become the first cybersecurity company to convert its entire balance sheet into bitcoin, per…
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch). 105 Countries Are Exploring CBDCs The Atlantic Council’s Geoeconomic Centre has released a major update to its Central Bank Digital Currency (CBDC) Tracker. According to the tracker: 105 countries, representing…
Cardano (ADA) was among the best performers among the top cryptocurrencies on June 6 as traders assessed a key upgrade that promises to enhance its blockchain’s smart contract capabilities. Vasil hard fork FOMO Dubbed “Vasil,” the so-called hard fork event will tentatively take place on June 29, 2022. As a result of the euphoria surrounding this upgrade, traders have started…
As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media. In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association, explained that the move will not “reduce carbon emissions” at all. According to Chervinsky, a mining ban will…
Following a weekend which saw bitcoin trading mainly in the red, prices rebounded to start the week. BTC was once again above $30,000 on Monday, while ETH climbed by over 5%. Bitcoin The world’s largest cryptocurrency was trading higher on Monday, as prices once again rose above the $30,000 level. Following a low of $29,574.45 on Sunday, BTC/USD rallied to…
For all the cynical narratives that circulate the mainstream zeitgeist perceiving nonfungible tokens (NFTs) as little more than means of inflating capitalistic principles, every so often projects emerge that disprove those absolute assumptions, and serve as reminders of the essence, soul and founding purpose of the space. For Amelia, a 9-year-old Polish girl with a lovable devotion to cats, and…
Created as an algorithmic stablecoin, Justin Sun’s Terra-like stablecoin USDD is now shifting gears towards a hybrid model with improved transparency. USDD is now reportedly over-collateralized with a collateral ratio of 226.1%, according to data from Tron DAO, the organization responsible for maintaining the collateral of USDD. The team behind USDD also promised a minimum collateral ratio of 130%, a…
