A new report issued by Citibank analyst Tom Fitzpatrick predicts big things for Bitcoin for next year. The document suggests the asset could potentially reach a new high of roughly $318,000 by the end of 2021. Given that bitcoin is presently trading for more than four times what it was in March, perhaps—should bitcoin sustain its present momentum—this number can be quickly attained.
Kroger—one of the largest supermarkets in America—is offering a unique rewards program that will give its customers money back to use in future shopping trips, with the rewards being delivered in bitcoin. The company has joined hands with bitcoin exchange Lolli and will reward users with approximately 1 and a half percent in bitcoin for all pick-up and delivery grocery orders.
Liquid—has fallen victim to a cyberattack. Only this time, it doesn’t look like money was the object of the hacker’s desire. Instead, the malicious actor has made off with personal data belonging to customers of the exchange, including login credentials and possibly even identification documents. The exchange is investigating the matter, but in the meantime, advising its clients to change their passwords quickly.
Digital Asset Investment Management (DAiM) has launched the first company-sponsored retirement plans supporting bitcoin. As an adviser and fiduciary, DAiM will help companies create a 401(k) plan that allows an allocation up to 10% in Bitcoin. The digital assets will be held in Gemini Trust’s cold storage custody.
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That’s what’s happened this week in crypto. See you next week.