Welcome To This Week’s Cryptocurrency News Roundup
Each week, we will provide you with some of the latest news from around the crypto and blockchain world. We know how quickly this space changes (or hopefully, surges), so we want to offer you a snapshot from the digital coin universe from the last week.
Here’s the news for the week of August 28, 2018:
Bitcoin is Cool: St. Louis Federal Reserve
The Federal Reserve Bank of St. Louis has published another research paper validating bitcoin’s legitimacy as a currency, even when used as a tool to facilitate private transactions.
Bitcoin Has Jumped $300 To Over $7,000 — Here’s Why
Despite the U.S. Securities and Exchange Commission (SEC) rejecting a total of nine separate proposals for bitcoin exchange-traded funds (ETFs) last week, the bitcoin price has managed to jump again to over the psychological $7,000 mark — adding $200 at around 1am GMT then climbing further.
New York Firm Gives Aging Hydroelectric Dam New Life as Bitcoin Mining Farm
DPW Holdings Inc. will use power generated by the Valatie Falls, New York hydroelectric dam for a bitcoin mining farm that is expected to become operational in the fourth quarter.
J.P. Morgan CIO Claims That Blockchain Will See Mainstream Adoption Very Soon
Lori Beer, who serves as chief information officer at J.P. Morgan, is making headlines because of her bold Blockchain predictions. During a press conference in Argentina, Beer said that distributed ledger would see even greater adoption in the nearest future, posing as a replacement for the existing technology.
Interested in investing in cryptocurrencies with an IRA or 401(k)? We have these resources available to you about investing your Self-Directed IRA or Solo 401(k) into Bitcoin or other cryptocurrencies:
- Video: A Redditor’s Review of Broad Financial and Bitcoin IRA
- Bitcoin in Your IRA
- Infographic: Bitcoin “Flat Rate” IRA
- Video: Bitcoin Flat Rate IRA
- Follow Broad Financial on Twitter