These are the 5 most important news of the week
2 min readTable of Contents
Another exciting week in crypto space is coming to an end. The most important events around BTC and Co. at a glance.
Elon Musk buys Twitter and sends Dogecoin on a rollercoaster ride
Done deal: The deal between the social media platform and the richest person in the world is in place. The 50-year-old acquires the short message service for 44 billion US dollars.
Meanwhile, alongside his quest to promote freedom of expression on Twitter, the crypto scene is wondering what the takeover of the self-proclaimed “DoGFather” means for the platform. In any case, the whole thing did not leave the Dogecoin course untouched: DOGE briefly achieved a daily increase of 25 percent.
Fidelity brings BTC to retirement savings
The Wealth Manager fidelity makes it possible to invest part of one’s assets in the key cryptocurrency BTC (BTC) for retirement provision. This is available for the first time in the US as part of the 401(k) plan for retirement.
As a BTC enthusiast jumps MicroStrategy-Boss Michael Saylor jumped straight onto the train and would like to offer his employees the new option in the course of the year.
BlackRock launches new blockchain ETF
The world’s largest wealth manager continues to make inroads into crypto space. With the new index fund (ETF) traded on the stock exchange, BlackRock to the blockchain sector.
At the start of the ETF, the wealth giant also published a report that describes blockchains as a “megatrend” and assigns them untapped potential.
Edward Snowden revealed as the last founding member of Zcash
The last, still unknown founding member of the privacy coin Zcash is said to have been none other than whistleblower Edward Snowden. The 38-year-old is said to have revealed this in a video to the Forbes news service.
Under the pseudonym John Dobbertin, Snowden is said to have attended a kind of ceremony in which a total of six participants set the course for Zcash’s focus on privacy.
Treasury Department removes 10-year crypto holding period extension
Good news for staking and lending: The Federal Ministry of Finance is said to have canceled the extension of the holding period to 10 years for DeFi services.
While cryptocurrencies are normally held for just one year, this has been increased to 10 years for staking and lending in order to be able to generate tax-free profits. Now there should be no more distinction here.
