Fidelity and the Next Best Thing to a Bitcoin ETF
Plus, what will happen to copycat DeFi projects?
News Recap Synopsis and additional links found on the unchainedpodcast.com website:
Bitcoin took another step towards mainstream adoption this week, with Fidelity showing it is serious about the digital currency as a long-term investment opportunity. Meanwhile, the SEC took steps of its own to lower the barrier of entry to private markets.
Fed Chairman Jerome Powell gave a highly anticipated speech that detailed the Federal Reserves’ changing view on inflation. Many have viewed Powell’s comments as a further example of an unreliable monetary policy in the U.S. and the growing case for Bitcoin as long-term protection against inflation.
We’ve also got big news on a significant investment in North American Bitcoin mining and the biggest acquisition in crypto so far this year.
Fidelity Bets on Bitcoin with New Fund
Shifting Approach to Inflation by Fed Could Bolster Bitcoin
SEC Expands the Definition of Accredited Investor
FTX Acquires Blockfolio for $150 Million
DCG to Invest $100 Million in Bitcoin Mining
How Will Copycat Projects Fare in DeFi?
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Arthur Hayes Weighs In on Yield Farming
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