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Showing posts from November 22, 2022

US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry

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Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson. US Senators Want Fidelity to Stop Offering Bitcoin in Retirement Plans Three U.S. senators sent a letter to Fidelity Investments CEO Abigail Johnson Monday regarding the financial services firm’s bitcoin offerings in 401(k) retirement plans. The letter was signed by senators Elizabeth Warren (D-MA), Richard J. Durbin (D-IL), and Tina Smith (D-MN). Reiterating their concerns about Fidelity allowing bitcoin exposure in retirement plans, the lawmakers stressed: “Once again, we strongly urge Fidelity Investments to reconsider its decision to allow 401(k) plan sponsors to expose plan participants to bitcoin.” They detailed: “Since our previous letter , the digital asset industry has only

NFT Sale Starts Mid December! NFT Sale Details of Entertainment DAO Project ‘SUPER SAPIENSS’ by Director Yukihiko Tsutsumi, Katsuyuki Motohiro and Yuichi Sato Revealed

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PRESS RELEASE Financie Inc. pleased to announce that the “SUPER SAPIENSS NFT” sales conducted by “SUPER SAPIENSS”, an entertainment DAO project active on FiNANCiE. About SUPER SAPIENSS “SUPER SAPIENSS” is an unprecedented entertainment project that brings together three directors (Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato) who have led the Japanese entertainment and film industry, and producer Takeshi Moriya as board members to create the original story and visualize it. The project is taking on the challenge of an entertainment DAO utilizing FiNANCiE’s “token issuance” and token-based “co-creation community” in order to usher in a new era of entertainment in Japan. The company has conducted two rounds of token-issuing type funding, and has collected a cumulative total of over 50 million yen in support and approximately 3,000 members in the community. The supporters who hold the tokens do not simply observe the production process of the contents, but are closely inv

Venezuelan President Nicolas Maduro Signals Support for Single Currency in Latam, Calls for Crypto Inclusion

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Nicolas Maduro, president of Venezuela, has expressed his support for the adoption of a new common currency for Latam in the latest meeting of the Workgroup of the Sao Paolo Forum. Maduro stated that this would be an important step for the construction of a common economic space, that would also include cryptocurrency as an important element. Maduro Supports Single Currency Project for Latam Nicolas Maduro, president of Venezuela, has signaled his support for the idea of a single currency for all the countries in Latam as a way of building a common economic space. As part of his participation in the latest meeting of the workgroup of the Sao Paolo Forum, a group of center-left leaning parties, Maduro stated : There are those who propose the use of a single currency, let’s discuss it, it would be extraordinary. Maduro explained that the recent political changes that Latam is facing, with the victories of President Luis Inacio Lula Da Silva in Brazil, have made possible this new w

A Message from MaskEX

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PRESS RELEASE. Despite recent unfavourable market conditions, the MaskEX team wishes to thank its users for remaining loyal to the company. MaskEX aims to ensure that all transactions through the MaskEX website and app are secure and reliable. Additionally, the exchange guarantees the safety of user funds across all markets. Several years of uninterrupted service have culminated in MaskEX’s staff working toward the common objective of “Your Wallet, Your Way” – helping all MaskEX members achieve financial pleasure. MaskEX is committed to upholding these responsibilities internally and to its customers. About Proof of Reserves (PoR), SAFU & FUD Currently, MaskEX’s Auditing and Compliance team is working on the Proof of Reserves (PoR) with Nansen, and MaskEX anticipates listing soon on Nansen. The seasoned technical team has always been prepared to respond quickly to unanticipated attack scenarios. MaskEX will ensure the security of the Asset Fund for Users (SAFU) and prevent

Billionaire Bill Ackman: Crypto Enables Creation of Useful Businesses and ‘Is Here to Stay’

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According to Bill Ackman, billionaire and CEO of Pershing Square Capital Management, while crypto tokens are used by unethical promoters to perpetuate fraud, they “can enable the formation of useful businesses.” A previous critic of digital assets, Ackman insists that “crypto is here to stay” and that society will benefit even more when it is properly regulated. Crypto a ‘Powerful Lever in Accessing a Global Workforce to Advance a Project’ The American billionaire hedge fund manager, Bill Ackman, has said — after studying some crypto projects — he now believes that “crypto can enable the formation of useful businesses and technologies that heretofore could not be created.” According to the billionaire, the ability to issue and use crypto tokens “to incentivize participants in a venture is a powerful lever in accessing a global workforce to advance a project.” Still, Ackman insisted in a Nov. 20 Twitter thread that crypto, just like the telephone and the internet before it, can be