Fidelity Investments, a financial services firm, recently bought 34,187 ETH, worth about $154 million at $4,500 per token, marking a significant step in the adoption of cryptocurrency in the mainstream financial system. According to an on-chain data report, "The world of digital assets is evolving, with institutional crypto adoption accelerating. Fidelity Investments, a firm managing …
Venezuela’s government is quietly allowing the use of dollar-pegged cryptocurrencies in private-sector currency exchanges as U.S. sanctions squeeze oil revenues and reduce the flow of foreign currency. U.S. restrictions on oil exports, described by Caracas as “economic war,” have made it harder for businesses to access dollars. Companies seeking raw materials must often exchange bolivars …
By Esther Ososanya U.S. President Donald Trump is set to sign an executive order Thursday that will pave the way for Americans to invest in alternative assets, including private equity, real estate, and cryptocurrency, through their 401(k) retirement plans, according to a senior White House official. The move could unlock access to the $12 trillion …
