Our lead story this week is the NFT tennis shoes Nike is selling, which are opting for $6,000 or more right now. We also cover an NFT theft, after the Bored Ape Yacht Club Instagram account was hacked; the city of Fort Worth voting to mine bitcoin; the Central African Republic adopting bitcoin as legal tender; and Fidelitys decision to include bitcoin in 401( k) plans.Nikes NFT tennis shoes are offering for countless dollars
RTFKT
Nike launched a collection of 20,000 digital tennis shoes as NFTs last weekend. The NFT tennis shoes, which arent physical shoes, are offering for about $6,000 to $9,000 in ether. A business called RTFKT (” artifact”), which Nike purchased last year, creates the virtual tennis shoes. RTFKT formerly made the popular Clone X NFT collection, which now offers for about $50,000 per NFT. Nike hasnt revealed any plans for physical versions of the NFT tennis shoes. However, theres a Snapchat filter that uses AR to make the shoes appear on your feet through the lens of a clever device. Read CNETs full story on Nikes NFT sneakers here.Hacker takes control of Bored Ape Yacht Club Instagram account, takes NFTs worth millions
Costs Hinton
Bored Ape Yacht Club, one of the better-known and pricier NFT collections, is amongst the newest to be targeted in an NFT phishing rip-off. The hacker made off with a couple million dollars in NFTs. The Verge asked Yuga Labs, the company behind Bored Ape Yacht Club, if victims of the hack would be compensated, however Yuga Labs didnt respond.Read CNETs full story on the Bored Ape Yacht Club Instagram hack here.The City of Fort Worth chooses to mine bitcoin
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City authorities in Fort Worth, Texas, voted Tuesday to accept 3 bitcoin mining machines contributed from the Texas Blockchain Association, and to launch a bitcoin mining pilot program. The pilot will last six months, and after that the city will reevaluate.Texas Gov. Greg Abbott has actually spoken favorably about the cryptocurrency industry in the past, and in February, Abbott stated on Twitter that H-E-B stores, a popular Texas grocery store chain, would begin to set up in-store cryptocurrency kiosks. Texass mindset towards bitcoin mining is in sharp contrast to the fight over bitcoin mining in New York, where the state assembly passed a bill on Tuesday that would put a 2-year moratorium on bitcoin mining in the state, pending an environmental evaluation. The expense will now go to the state senate for consideration. For reference on bitcoins energy use, Digiconomists Bitcoin Energy Consumption Index approximates that the bitcoin network has a carbon footprint equivalent to that of the entire Czech Republic. Read CNETs full story on Fort Worth mining bitcoin here.Central African Republic votes to make bitcoin legal tender
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The Central African Republic passed a costs Tuesday to make bitcoin legal tender in the nation, ending up being the 2nd country to do so after El Salvador did in 2015 The International Monetary Fund wasnt supportive of the relocation. It had actually also advised El Salvador against the decision in 2021. Check out CNETs complete story on the Central African Republic passing a costs to make bitcoin legal tender.Fidelity to offer bitcoin choice in 401( k) plans by middle of year.
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Companies will choose if they desire to use crypto in their retirement strategies, and if so, theyll determine the maximum contribution staff members can allocate toward bitcoin, according to The New York Times.The United States Department of Labor has been crucial of Fidelitys choice to consist of bitcoin in retirement plans.”Read CNETs complete story on Fidelity including bitcoin in 401(k) prepares here.Thanks for reading. In the meantime check out this story by Stephen Shankland on how the metaverse will be a multi-platform mess.
The Verge asked Yuga Labs, the business behind Bored Ape Yacht Club, if victims of the hack would be compensated, but Yuga Labs didnt respond.Read CNETs full story on the Bored Ape Yacht Club Instagram hack here.The City of Fort Worth decides to mine bitcoin
City officials in Fort Worth, Texas, voted Tuesday to accept 3 bitcoin mining devices contributed from the Texas Blockchain Association, and to introduce a bitcoin mining pilot program. Texass attitude toward bitcoin mining is in sharp contrast to the fight over bitcoin mining in New York, where the state assembly passed a bill on Tuesday that would put a 2-year moratorium on bitcoin mining in the state, pending an ecological evaluation. Check out CNETs full story on Fort Worth mining bitcoin here.Central African Republic votes to make bitcoin legal tender
Check out CNETs full story on the Central African Republic passing an expense to make bitcoin legal tender.Fidelity to provide bitcoin option in 401( k) plans by middle of year.