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Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings,” the lawmakers wrote. … Read more
Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 million, will allow the company to focus on the development of new businesses more aligned with the refined direction of the company, … Read more
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market. Go to Source Powered by WPeMatico
On May 4, the FOMC voted to raise interest rates by 50 basis points. Here’s why Bitcoin investors need to care about central bank policy. Go to Source Powered by WPeMatico
The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers. Go to Source Powered by WPeMatico
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain. Spanish Securities Regulator Sets Eyes on Binance The CNMV, which is the … Read more
The week in DeFi saw European lawmakers write a new chapter on DeFi, Virginia county plans to put its pension fun in a DeFi yield, DeFi protocols lost $1.6 billion to exploits and more Go to Source Powered by WPeMatico
NFT art continues to grow in popularity, but what other industries could the technology disrupt in the next few years? Go to Source Powered by WPeMatico
The decentralized space continues its expansion and major brands are adopting Web3 tools, including Google’s cloud unit. Go to Source Powered by WPeMatico
Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession that followed the 2008 Financial … Read more