The latest Bitcoin and Crypto news of the week.
Fidelity launches Bitcoin custodial services,
but will not add Ethereum or other cryptos anytime soon. While Fidelity Digital Assets President Tom Jessop is looking to add other cryptos that top the market cap, they are going to take their time before rushing to add others. The main concern from Ethereum has to do with the recent hard fork (Constantinople) and the upcoming fork (Instanbul). Jessop wants to see how the market reacts to the forks and to make sure their aren’t any bugs in the new protocol.
Patience in the crypto industry is usually rewarded. Many were quick to join Ethereum Classic as it was added to exchanges, only to suffer the fate of a 51% attack.
Jack Dorsey reportedly purchases $10,000 a week in Bitcoin
on his CashApp. Jack Dorsey is the CEO of Twitter and Square. A long time believer in Bitcoin, he has come out and said that he believes the price of Bitcoin is soon to skyrocket. Anyone interested in purchasing Bitcoin should consider that Dorsey is one of the top people in technology and most likely has a deep understanding of what is going on behind the scenes.
US state Connecticut to introduce bill that will allow authorization of smart contract usage in commerce.
This bill will allow companies to implement smart contracts as a valid form of conducting business and making business agreements. In essence, this will identify smart contracts as legal contract and/or form of electronic agreement. This is yet another step in adopting blockchain technologies and cryptocurrencies into the world of business and commerce.