News – Archive

Fidelity will allow its retirement plan clients to invest in Bitcoin, the company announced on Monday. The move is a historic moment for Bitcoin and cryptocurrency as a whole. Americans saving for retirement will now be able to allocate up to 20% of their 401(k) accounts to Bitcoin. Fidelity was quick to point out that the new policy is not an endorsement of the cryptocurrency, but more of a reflection of their customer’s needs. Fidelity…

Twitter’s board of directors agreed Monday to accept a US$44 billion buyout offer made by billionaire Elon Musk. After the news broke, Musk, who made the surprise offer less than two weeks ago, said he is the right person to “unlock” the social networking company’s “extraordinary potential.” In a meeting late Monday, Twitter’s board voted unanimously to accept Musk’s offer of US$26 billion in cash and stock for each share of Twitter stock, a…

Monero, the privacy-focused cryptocurrency project, announced plans this week to perform a hard fork to implement some improvements to the network. $XRM, Monero’s native coin, has skyrocketed in price since the announcement. Monero developers confirmed Tuesday in a GitHub post that the protocol will undergo an upgrade to implement fee changes and network security improvements. The upgrade will be implemented via a hard fork and is expected t…