Nike Sells NFT Sneakers for Thousands. This Week’s Top Bitcoin and Crypto News

Our lead report this week is the NFT sneakers Nike is selling, which are going for $ 6,000 or more veracious immediately. We besides cover an NFT larceny, after the Bored Ape Yacht Club Instagram report was hacked ; the city of Fort Worth voting to mine bitcoin ; the Central African Republic adopting bitcoin as legal tender ; and Fidelity ‘s decision to include bitcoin in 401 ( potassium ) plans .

Nike’s NFT sneakers are selling for thousands of dollars

A Cryptokick, designed by Nike and RTFKT. RTFKT

Nike released a collection of 20,000 digital sneakers as NFTs end weekend. The NFT sneakers, which are n’t forcible shoes, are selling for about $ 6,000 to $ 9,000 in ether. A company called RTFKT ( “ artifact ” ), which Nike bought death year, designs the virtual sneakers. RTFKT previously made the popular Clone X NFT solicitation, which now sells for about $ 50,000 per NFT. Nike has n’t announced any plans for physical versions of the NFT sneakers. however, there ‘s a Snapchat filter that uses AR to make the shoes appear on your feet through the lens of a bright device. Read CNET ‘s wide story on Nike ‘s NFT sneakers here .

Hacker takes over Bored Ape Yacht Club Instagram account, steals NFTs worth millions

Silhouettes Bill Hinton Bored Ape Yacht Club, one of the better-known and costly NFT collections, is among the latest to be targeted in an NFT phishing scam. On Monday, a hack posted a connect to the Bored Ape Yacht Club Instagram report, promising a unblock give. When people followed the link and connected their crypto wallets, their NFTs were taken. The steal NFTs were then transferred to a wallet owned by the hack. The hacker made off with a copulate million dollars in NFTs. ( Keep in thinker, NFTs are much valued at their last selling price, which does n’t constantly hold up. ) The Verge asked Yuga Labs, the company behind Bored Ape Yacht Club, if victims of the machine politician would be compensated, but Yuga Labs did n’t respond. Read CNET ‘s wax story on the Bored Ape Yacht Club Instagram hack here .

The City of Fort Worth decides to mine bitcoin

gettyimages-1346301743 Getty Images City officials in Fort Worth, Texas, voted Tuesday to accept three bitcoin mining machines donated from the Texas Blockchain Association, and to launch a bitcoin mining fly course of study. The original will last six months, and then the city will reevaluate. Texas Gov. Greg Abbott has spoken favorably about the cryptocurrency diligence in the past, and in February, Abbott said on Twitter that H-E-B stores, a popular Texas supermarket chain, would begin to install in-store cryptocurrency kiosks.

Texas ‘s attitude toward bitcoin mining is in acuate line to the fight over bitcoin mining in New York, where the state forum passed a bill on Tuesday that would put a 2-year moratorium on bitcoin mining in the state, pending an environmental revue. The bill will immediately go to the department of state united states senate for retainer. For character on bitcoin ‘s energy use, Digiconomist ‘s Bitcoin Energy Consumption Index estimates that the bitcoin network has a carbon footprint comparable to that of the entire Czech Republic. Read CNET ‘s broad history on Fort Worth mining bitcoin here .

Central African Republic votes to make bitcoin legal tender

gettyimages-1346301743 Getty Images The cardinal African Republic passed a bill Tuesday to make bitcoin legal affectionate in the country, becoming the moment state to do so after El Salvador did death class. The International Monetary Fund was n’t supportive of the move. It had besides urged El Salvador against the decision in 2021. Read CNET ‘s wax floor on the central African Republic passing a poster to make bitcoin legal tender .

Fidelity to offer bitcoin option in 401(k) plans by middle of year

sad blue piggy bank Sarah Tew/CNET fidelity on Tuesday said it ‘ll allow cryptocurrency into retirement plans starting midyear, making it the first major supplier to do so. Employers will decide if they want to offer crypto in their retirement plans, and if thus, they ‘ll determine the maximum contribution employees can allocate toward bitcoin, according to The New York Times.

The US Department of Labor has been critical of Fidelity ‘s decisiveness to include bitcoin in retirement plans. “ We have grave concerns with what Fidelity has done, ” Ali Khawar, acting assistant repository of the Labor Department ‘s Employee Benefits Security Administration, told The Wall Street Journal, this week. In reception, Fidelity told the Journal that it sees digital assets as “ a big function of the fiscal industry ‘s future. ” Read CNET ‘s broad history on Fidelity including bitcoin in 401 ( thousand ) plans here. Thanks for reading. We ‘ll be back with plenty more following workweek. In the interim check out this fib by Stephen Shankland on how the metaverse will be a multi-platform mess .

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Category : Crypto News

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