Fidelity Opens Bitcoin Trading
Despite recent events, institutional interest for Bitcoin is still there. While not every development is purely good for the industry, it is a sign of increasing adoption. |
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| 📝 Today's Rundown ⌛ The Wait Is Over: Fidelity begins opening retail bitcoin trading accounts. 🏦 Pensions: The recent U.K. pension fund crisis reveals the only option for such entities: adopting bitcoin as soon as possible. 🌍 Proof Of Resilience: Bitcoin offers financial opportunities that have been explicitly taken from Africans in recent history. |
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| What’s happening and what’s next for Bitcoin after the FTX collapse? Hear from Robert Breedlove, Kevin O’Leary, Yuga Labs, and more at Benzinga’s Future of Crypto conference, on Dec 7 in NYC. Tickets are selling fast! Get 20% off with code BITCOINMAG at bz-crypto.com. |
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Fidelity Begins Opening Retail Bitcoin Trading Accounts
By BtcCasey Fidelity, one of the largest financial services providers, has officially started opening retail bitcoin trading accounts.
The company seems to be diving headfirst into bitcoin, despite receiving criticism, just as it was previously criticized for mining bitcoin back in 2014, and launching a spot bitcoin ETF in Canada in December 2021.
One thing is clear though — the actions of this financial giant, will likely have ramifications for the future of bitcoin regulation. |
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Pension Funds Must Adopt Bitcoin Or Risk Insolvency
By Mickey Koss For many years, pension funds were limited to investing primarily in government securities and investment-grade bonds because of their stable returns. Bonds are thought of as fixed-income because of their predictable coupon payments.
What could pension funds do to achieve returns if they have to keep buying government bonds by mandate, and those bonds are losing them money? Some have resorted to leverage, a technique that nearly blew up the pension space in the U.K. just a few weeks ago. But there is another alternative.
Bitcoin has no risk of liquidation. Bitcoin does not require leverage. Instead of making risky bets, perpetuating the culture of moral hazard and socialized losses, pension funds can use bitcoin as an asymmetric opportunity in order to bolster their returns. |
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1. The properties of Bitcoin allow it to protect the human rights of people around the world, as outlined by the United Nations.
2. Bitcoin-only exchanges are platforms where people can buy or sell bitcoin using fiat currencies or stablecoins.
3. In the past 4 days $3.5 billion Bitcoin were withdrawn from Coinbase.
4. Binance cuts fees by over 99% for dollar cost averaging into Bitcoin through the rest of 2022.
5. BlockFi bankruptcy has over 100,000 creditors, including the SEC for $30 million. |
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Proof Of Resilience: Financial Freedom Through Bitcoin In Africa
By Alexandria Isn't it unfair that the place you are born can determine your chances to succeed in life? If you are born in a financially marginalized country with a non-convertible currency it would be extremely difficult, almost impossible for you to achieve financial freedom.
The incapability to store value due to a debased currency and inaccessibility to credit and international capital have sentenced Africans and many other financially marginalized areas to poverty.
For capitalism to work as it should be, monetary policy has to be immaculate, incorruptible, trustworthy and fair for everyone. Bitcoin is the perfect form of money we all need for a better world. |
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| Modern day alchemy, unsurprisingly, failed. The latest Special Edition Report from Bitcoin Magazine PRO offers a deep dive into FTX and the events leading to the collapse of the now notorious crypto exchange. |
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It's hard to see, but not all cryptocurrencies have a focus on cryptography. Many are essentially just another SQL database centrally controlled by an individual or group of people.
Stack harder,
Bam |
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Keep on reading, keep on stacking. |
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