Crypto News Cast 📮 07-05-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1648 B
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📌Active Coins: 4529
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Crypto News Updates :
- Alabama Senator Supports The Inclusion Of Cryptocurrency In Retirement Accounts
- First Day Opening, Coinbase’s NFT Marketplace Attracted Just 150 Users
- Ripple Co-Founder Applauds California Governor’s Crypto Executive Order
- Jack Dorsey’s Block Confirms That 10 Million Cash App Accounts Bought Bitcoin
- Valkyrie’s Bitcoin Futures ETF Receives Approval From The SEC
- Grayscale Bitcoin And Ethereum Trusts Are Now Available On Robinhood
- Bitcoin (BTC) Is The Least Dangerous Asset To Have In A Retirement Portfolio
- Argo Blockchain Plant In West Texas Plans To Begin Mining Bitcoin
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– Alabama Senator Supports The Inclusion Of Cryptocurrency In Retirement Accounts
Senator Tommy Tuberville of Alabama supports enabling Americans to include cryptocurrency in their retirement plans. Tommy Tuberville has presented the Financial Freedom Act, which would ban the US Department of Labor from restricting retirement plan investment options. Also, Workers will be able to invest up to 20% of their assets in Bitcoin, thereby potentially boosting Bitcoin adoption. Read Full on U.Today.
– First Day Opening, Coinbase’s NFT Marketplace Attracted Just 150 Users
Coinbase NFT, the crypto exchange’s freshly launched NFT marketplace, has yet to gain much traction. Notably, The marketplace had less than 150 new users sign up for its platform on its first day of public beta. This brings the overall number of Coinbase NFT users to 1,112 as of Wednesday evening. The marketplace currently has 1,192 users. Around $75,000 in Ethereum (ETH) was exchanged on Coinbase NFT. Read Full on Decrypt.
– Ripple Co-Founder Applauds California Governor’s Crypto Executive Order
Chris Larsen, a co-founder of Ripple, applauded California Governor Gavin Newsom for signing an executive order on cryptocurrency. By giving legislative certainty, Larsen believes California will become a “global hub” for crypto talent and innovation. The state’s plan for regulating the budding business is outlined in Newsom’s executive order. Its goal is to establish a favorable economic climate for bitcoin while also protecting investors. Read Full on U.Today.
– Jack Dorsey’s Block Confirms That 10 Million Cash App Accounts Bought Bitcoin
Since 2018, more than 10 million Cash App accounts have purchased bitcoin, according to Jack Dorsey’s fintech startup Block. The organization claims to be focused on increasing client understanding and access to bitcoin, which has resulted in significant adoption. Block stated that its bitcoin revenue and gross profit increased by 138 percent and 155 percent, respectively, during a two-year compound annual growth rate. Read Full on blockworks.
– Valkyrie’s Bitcoin Futures ETF Receives Approval From The SEC
Valkyrie’s futures exchange-traded fund (ETF) application has been approved by the United States Securities and Exchange Commission (SEC). This is another another ETF approved by the SEC, which has previously approved futures ETFs but not spot ETFs. The application was filed on Thursday utilizing a 19b-4 form under the Securities Exchange Act of 1934, the same law that spot Bitcoin (BTC) ETF hopes are banking on, but with limited success. Read Full on cointelegraph.
– Grayscale Bitcoin And Ethereum Trusts Are Now Available On Robinhood
Robinhood has added Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) to its list of assets available for trading on its platform, according to Barry Silbert, founder of DCG (Grayscale parent). Grayscale Ethereum Trust (ETHE) is fully and passively invested in ETH, allowing investors to gain exposure to the cryptocurrency through securities without the hassles of purchasing, storing, and preserving ETH directly. Read Full on U.Today.
– Bitcoin (BTC) Is The Least Dangerous Asset To Have In A Retirement Portfolio
Following Fidelity Investments’ decision to provide a Bitcoin (BTC) option for its 401(k) plans, MicroStrategy founder and CEO Michael Saylor thinks that consumers should add crypto to their retirement portfolio. According to Saylor, the most popular cryptocurrency is a lot better investment than gold. Saylor finds Bitcoin to be the least dangerous asset to invest in for retirement among stocks and bonds. Read Full on The Daily Hodl.
– Argo Blockchain Plant In West Texas Plans To Begin Mining Bitcoin
Following an inauguration ceremony, crypto mining company Argo Blockchain’s ambitions to establish a data center in West Texas are likely nearing completion. Argo stated that mining activities at its Helios site in Dickens County, Texas, will begin next week. The announcement comes more than a year after the mining company purchased a 320-acre land piece on which to build the data center, with the 200-megawatt data center set to open in July 2021. Read Full on cointelegraph.
