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BVTV: Bitcoin’s Africa outpost
Bitcoin Business Posted The Central African Republic has followed El Salvador in adopting the cryptocurrency as legal tender, to its central bank’s surprise. Ed Cropley runs through the reasons, including Bangui’s reliance on Russian mercenaries, why the move may hurt Bitcoin’s bid to go mainstream. Read More
Fidelity plans to offer Bitcoin in its 401(k) retirement funds. But is it best for you?
Fidelity plans to add bitcoin to its 401(k) options. Fidelity says it’s responding to high interest in digital assets. But critics say investing retirement funds in bitcoin is too risky. Bitcoin is down more than 16% this year, but that hasn’t dampened enthusiasm for the asset. That’s why Fidelity Investments is launching a bitcoin option for its 401(k) plans, but investors may still want to think long and hard about whether it’s for them. The nation’s largest plan administrator said later this year, the 23,000 companies it manages retirement plans for will be able to offer their employees bitcoin as an investment choice. Investors would […]
Greenwich estate owner will accept bitcoin or Ethereum cryptocurrency as payment for $6.5 million property
Cryptocurrency Main residence at 241 Bedford Rd in Greenwich, CT Anthony Acocella / Modern Angles The Gold Coast of Connecticut soon might become the Crypto Coast if this real estate listing is any indication. The owner of a Greenwich estate is willing to accept cryptocurrency as payment for its $6.5 million asking price, in what an agent says is the first such listing of its kind in the wealthy town. The unidentified owner’s background explains the unusual offer, and their comfort level in taking bitcoin or Ethereum crypto for the 4.3-acre farmhouse compound on Bedford Road, which dates to the […]
Bitcoin Taps $39K, NEAR Protocol Soars 12% (Market Watch)
After marking the multi-week low yesterday, bitcoin reacted well and spiked by almost $2,000 in the following hours. Most altcoins are also slightly in the green following the recent corrections. NEAR Protocol leads the way with a double-digit daily increase. Bitcoin Taps $39K After failing at $41,000 last week, bitcoin started its rapid descent and found itself trading below $38,000 just a day later. The bulls stepped up at this point and pushed the asset north. As a result, bitcoin was above $40,000 shortly after, but, as it happened the last time, it didn’t stay there for long. Just the […]
