A brand new report issued by Citibank analyst Tom Fitzpatrick predicts massive issues for Bitcoin for subsequent yr. The doc suggests the asset might probably attain a brand new excessive of roughly $318,000 by the top of 2021. Given that bitcoin is presently buying and selling for greater than 4 occasions what it was in March, maybe—ought to bitcoin maintain its current momentum—this quantity might be shortly attained.
Kroger—one of many largest supermarkets in America—is providing a novel rewards program that may give its prospects a refund to make use of in future purchasing journeys, with the rewards being delivered in bitcoin. The firm has joined palms with bitcoin trade Lolli and can reward customers with roughly 1 and a half % in bitcoin for all pick-up and supply grocery orders.
Liquid—has fallen sufferer to a cyberattack. Only this time, it doesn’t appear like cash was the thing of the hacker’s want. Instead, the malicious actor has made off with private knowledge belonging to prospects of the trade, together with login credentials and probably even identification paperwork. The trade is investigating the matter, however in the meantime, advising its purchasers to alter their passwords shortly.
Digital Asset Investment Management (DAiM) has launched the primary company-sponsored retirement plans supporting bitcoin. As an adviser and fiduciary, DAiM will assist corporations create a 401(okay) plan that enables an allocation as much as 10% in Bitcoin. The digital belongings shall be held in Gemini Trust’s chilly storage custody.
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That’s what’s occurred this week in crypto. See you subsequent week.