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Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to Remain Relevant

Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In an interview on CNBC, Yakovenko…

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India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the…

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Swiss National Bank: ‘Buying Bitcoin Is Not a Problem for Us’

Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative…

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JPMorgan CEO Jamie Dimon Skeptical of Crypto but Says ‘Not All of It Is Bad’

Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right to invest in it. However, he sees benefits in some…

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Bill Regulating Crypto Mining Submitted to Russian Parliament

A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction…

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain in the Red, to Start the Weekend

Bitcoin and ethereum were both trading lower to start the weekend, as crypto markets continued to face bearish pressures. The current uncertainty surrounding next week’s Federal Reserve meeting has seen…

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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…

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Labor Department Criticized Fidelity Incorporating Bitcoin for 401(K)

Fidelity’s bold move of offering investors the opportunity to add Bitcoin to their retirement 401(k) accounts has caused concern from the US Labor Department. Though seeing that the speculative nature…

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