Hello Humble Bitcoiners!
Welcome back to your daily dose of Bitcoin signal! |
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| 📝 Today's Rundown For Retirement: Investment giant Fidelity will enable its 23,000 business clients to offer Bitcoin accounts for their workers’ 401(k)s later this year. Silent Payments: The ability to receive funds without giving up valuable information. Property Rights: Bitcoin protects private property for its users due to its theft-proof design, its use of decentralized nodes and an immutable public ledger. |
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Fidelity To Allow Bitcoin Investments In Retirement Plans
By Namcios Fidelity, investment giant with $2.7 trillion in assets under management, which manages employee benefit programs for nearly 23,000 businesses, is set to become the first major retirement-plan provider to allow bitcoin exposure in retirement accounts.
This essentially means that if the company you are working for offers a 401(k) retirement plan and decides to adopt this feature, such as MicroStrategy recently announced, then employees would be allowed to allocate up to 20% of their retirement accounts to bitcoin.
“There is a need for a diverse set of products and investment solutions for our investors” – Dave Gray, Fidelity’s head of workplace retirement offerings and platforms |
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Bitcoin Silent Payments And Secret Blinding Keys
By Shinobi Bitcoin is likely the most important discovery ever made by modern man. Satoshi Nakamoto’s mathematical revelation has the potential to, once and for all, separate money from State and incite an unprecedented financial revolution towards a civilization running under a decentralized financial system that involves fairness and monetary freedom.
However, Bitcoin suffers from one massive shortcoming — privacy. Bitcoin is unstoppable, but its users are not. Without privacy, users could easily be targets for coercion and censorship. For that reason it is imperative to give privacy the attention it deserves. The author of this article explains how recent features and developments can help Bitcoin enthusiasts to remain private. He talks about BIP47 or secret blinding keys and silent payments and how, together, they can improve Bitcoin’s privacy and usefulness. |
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1. The newest update to Bitcoin’s main reference implementation was recently released. The hosts of “Bitcoin, Explained” give important context for the change.
2. CleanSpark closed a $35 million, non-dilutive financing deal by collateralizing over 3,000 miners with a 9.9% interest rate to fuel growth expenditures.
3. In partnership with Coinstar, Coinme deployed 23 bitcoin-enabled kiosks across Vermont allowing the residents to trade cash for bitcoin in local grocery stores.
4. Human Rights Foundation grants 5 BTC to open-source bitcoin projects.
5. The first bitcoin spot ETF in Australia has been delayed, reportedly by a ‘prime’ broker, and it is unclear when it will start trading.
6. Magma is a new Lightning liquidity marketplace by Amboss Technologies aiming to protect buyers and sellers with simple smart contracts and reputation features.
7. Fidelity Investments has created a 401(k) allowing individuals to invest in bitcoin and MicroStrategy will be the first publicly traded employer to offer it.
8. The Texas Blockchain Council has donated three S9 bitcoin miners to Fort Worth, Texas for a six-month trial allowing the city to experience mining from within.
9. The Central African Republic is establishing a legal framework that will allow the use of cryptocurrencies like bitcoin to be used in the economy. |
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How Bitcoin Protects Private Property Rights
By Siby Suriyan Private property rights are one of the biggest drivers of economic growth. They incentivize productivity because you own the fruits of your labor as well as anything else you purchase with them and what you own can’t be confiscated by anyone. Without property rights, people can get disincentivized to work and prosperity stagnates.
Unfortunately, in many parts of the world, civilization is moving further towards property right deterioration every day. For example, the Chinese, Russian, Nigerian governments can easily cut off people from the banking system if they consider their ideas to go against the authoritarian regime. Fortunately, Bitcoin is here to protect property rights. |
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By Bitcoin Magazine
Bitcoin never sleeps — but you should not try and be like bitcoin. I often hear people having trouble sleeping when the price is dumping. Especially when newer in the space. A key is to not play with leverage, and harness these opportunities to scoop some sats out of the market.
Stack harder,
Bam |
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Keep on reading, keep on stacking. |
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