Day: May 5, 2022

ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals – Finance Bitcoin News

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The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says A presentation by the European Central Bank has thrown some light on the regulator’s “preliminary views” on the privacy-related features of the digital euro. It comes as the project to issue a central bank digital…

Avalanche rebounds 25% in five days as AVAX price tests key level — Big rally ahead?

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Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2. A 30%-plus move ahead? AVAX’s price surged to almost $69.50 on May 5 from nearly $55 on April 30, a 25% jump. Interestingly, AVAX’s rebound move surfaced inside the same support area ($54–$60 range) that had preceded a 100% and a 175% price rally in the January 2022–April 2022 and the October 2021–November 2021 session, respectively. AVAX/USD weekly…

Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s

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The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two Senators flagging some issues in Fidelity Investments’ plans to include Bitcoin (BTC) in 401(k) accounts. Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota expressed concerns over Fidelity’s decision to add BTC to its 401(k) investment plan in a letter to Fidelity CEO Abigail Johnson. Dated May 4, the letter suggests that Fidelity’s latest Bitcoin plan has potential conflict of interest, noting that Fidelity has been deeply involved in crypto since starting experimenting…

Gaming Content Firm Holodeck Merges With Crypto Specialist Arslanian Media

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How the Crypto Industry Cultivates Trust

“My perspective is that, in general, the media in this country portrays the trust for crypto as low, just based on everything I read and see,” Bitstamp CEO for the Americas Bobby Zagotta said. “This survey validates for me that the media are going after headlines more than accuracy when it comes to the crypto space, because the trust for crypto is actually amazingly high — in the upper 60s for retail and into the 70s for institutions.” Source