Fidelity supports Bitcoin for retirement accounts, Core 23.0 released and 60% green mining

Fidelity set to support Bitcoin for 401(k) accounts

Fidelity is warming up even more to Bitcoin. According to reports, the asset manager has unveiled plans to add Bitcoin to its widely popular 401(k) plans.

The Wall Street Journal (WSJ) notes that the firm’s Bitcoin retirement savings product will launch later this year. Bringing the option to over 23,000 employers that are its clients, the firm will become the first major 401(k) plan provider to offer Bitcoin in its retirement savings plan.

Fidelity says the fund will be structured differently from its other funds, which are mutual funds. Each plan sponsor will have a “dedicated digital assets account” for employees. These accounts would hold the Bitcoin and short-term money market investments for liquidity.

Source: Wall Street Journal

Sustainable energy usage for BTC mining grows nearly 60% in a year

Bitcoin mining companies are further adopting green energy, as the global Bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year.

The Bitcoin Mining Council (BMC) is a group of 44 Bitcoin mining companies claiming to represent 50% of the global Bitcoin network, or 100.9 exahash (EH). It released a new report on Monday with the findings. The group is also fronted by Bitcoin proponent and MicroStrategy CEO Michael Saylor.

The latest survey of BMC member companies questioned how much electricity their companies consumed, what percentage of that electricity is generated by hydro, wind, solar, nuclear or geothermal sources and what the hash rate of their operations was.

Source: Cointelegraph

Bitcoin Core 23.0 released

Last week, the next version of the Bitcoin Core software was released. It doesn’t consist big change, like Taproot or Segwit were in the past. This time, it’s mostly about bug fixes or minor improvements, like:

  1. the removal of the preference to connect with peers through port 8333
  2. the inclusion of replace-by-fee transactions in the transaction fee estimation algorithm
  3. a new tool to spot typos in bech32 addresses
  4. the addition of support for Taproot in the wallet
  5. the new option to freeze certain UTXOs until some time in the future.

Bitcoin Core changes every six months. Node operators can choose to either upgrade or not upgrade their software.

Source: BitcoinMagazine

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