HIGHLIGHTS OF THE WEEK ON THE CRYPTO WORLD IN CASE YOU MISSED IT

As usual, the week has ended and there is always some news that got our attention I will be breaking them down in case you missed them so you can catch up on them. So the top news on the headlines this week is;

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Fidelity included Bitcoin 401(k) accounts

Fidelity is a multinational investment company in America and the largest when it comes to providing 401(k) accounts. Earlier this week, the company announced that they will now give their investors a chance to include crypto as part of their 401(k) plans. However, it won’t start immediately until mid-2022, that’s when their investors can start the plan.

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USN stablecoin became live on NEAR

USN stablecoin has been one of the most anticipated stablecoin, and the coin was developed by an independent team known as Decentral Bank which is a DAO. The coin has finally launched on the NEAR protocol but however, but what it does is provide a 10% annual yield, not the high yield people were expecting.

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Binance tightens its strict sanctions by blocking accounts linked to the Russian government.

This week also Binance also took to the headlines as usual by deciding to block all accounts linked to the Russian government because they believed they are using it to siphon wealth to escape the sanctions imposed on them and many top officials were affected including their children.

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OpenSea finally acquired Gem

OpenSea is known as one of the largest NFT marketplaces despite its vulnerability to hackers and plagiarists, they announced also this week that they have acquired Gem which is an NFT marketplace aggregator that will help OpenSea become flexible and to make better choices for NFT investors.

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Goldman Sachs became the first bitcoin-backed lender

Goldman Sachs Group Incorporated is a banking investment company that provides different types of financial services to its customers. Now, they decided that they will now be providing lending services that will be backed by Bitcoin which means anyone who wants to collect a loan from the bank will provide Bitcoin as collateral before lending them the money they want.

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