Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official
The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said it risks the retirement security of Americans, stressing that “cryptocurrencies can present serious risks to retirement savings.” U.S. Labor Department’s ‘Grave Concerns’ Over Fidelity’s Bitcoin 401(k) […]
Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says
Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker has recently stated. Andrey Lugovoy, who is one of the deputies working on new crypto regulations, also said Russia can become a global leader in […]
World Bank Predicts 3% Gold Price Growth, Expert Says a $3K per Ounce ‘Is More Likely Than Not’
The World Bank has said it expects the price of gold to rise by 3% in 2022 but warned the price might fall sharply if the Russian central bank decides to offload large quantities of the commodity. The Russian Factor After the price of gold surged past the $2,000 mark in early March, a new […]
LBank Exchange Will Launch Innovation Zone for Better User Experience
PRESS RELEASE. LBank Exchange is an innovative crypto assets trading platform with 6.4 million global users. Since the start of its journey, LBank Exchange has continuously expanded in the global market, serving users in over 210 countries and regions worldwide, with features including spot and grid trading, derivatives, finance, NFT marketplace, and many more. For […]
Binance Blocks Accounts Linked to Relatives of Senior Russian Officials
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals. Crypto Exchange Binance Bans Children of Top Russian Figures Binance, the world’s leading cryptocurrency exchange, has […]
Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency — Finds Web3 Economics ‘Interesting’
Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use patterns are interesting. Ex-Google Chief Eric Schmidt Discusses Crypto Investing and Web3 Former Google CEO and […]
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure and 24-hour risk management. Goldman Sachs and Bitcoin-Backed Loans Global investment […]
Tech Start-up ‘Picture This’ Drops First Photography NFT With Renowned Photographer Christian Houge
On April 29, photography-focused tech start-up Picture This is finally launching the ‘Polar Bear’ NFT, which raises awareness and money towards climate change and the impact humans have on our planet. Digital artworks have seen a booming rise in sales and popularity since the start of the decade. Minting art as an NFT has enabled […]
Argentinian Government Advances the Creation of a National CBDC
The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts Argentina on the trail of countries like Brazil and […]
There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits
In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for […]
