The price of ETH, the native cryptocurrency of the Ethereum blockchain network, set a new all-time price as it soared to record highs on Sunday.
Prices reached $ 1,454, beating the previous all-time high of $ 1,439 set last week.
While ETH has followed in the footsteps of Bitcoin, on its journey to new lifetime highs, it has outperformed the major cryptocurrency so far this year with an increase of 88%.
As of this writing, after Ethereum has set a new all-time price, the cryptocurrency stands at $ 1,420. Thus registering an increasing variation of 7.91% in the last 24 hours according to our Crypto Online tool.
A Virginia tech company offers its employees the ability to charge in Bitcoin and Ethereum
Sequoia Holdings, a software development service provider, not to be confused with well-known venture capital firm Sequoia Capital. You are offering your staff the option to reserve a portion of your salary and invest it in cryptocurrencies.
Sequoia Holdings is headquartered in Reston, Virginia, and provides engineering and analytics solutions to the US national security industry. Including the country’s intelligence, defense and national security departments.
It is also, in particular, a company owned by its employees. Suggesting that the optional integration of cryptocurrency into salary agreements could be a good barometer of popular sentiment from staff.
Company employees will be able to choose to defer a portion of their salary and invest it in Bitcoin (BTC), Bitcoin Cash (BCH) or Ethereum (ETH).
Although Sequoia Holdings draws an analogy to 401 (k) retirement savings plans, widespread among other American employees. The difference here is that the deferral will be calculated, in this case, after deduction of taxes.
Now, Sequoia Holdings does not indicate how much of an employee’s salary can be deferred if chosen. Nor does it name the third-party payroll processing company that will be in charge of withholding the taxes and converting the remainder into the chosen cryptocurrency.
All cryptocurrency savings will be stored in a digital wallet that will be managed by this same external payroll processor.
Cryptocurrencies enter the agenda of the Davos World Economic Forum
The next meeting of the World Economic Forum will feature two separate sessions on cryptocurrencies. Offering another compelling sign that digital assets have permeated the general consciousness.
The sessions, titled Resetting Digital Currencies, will take place on Monday and Thursday. The first session will feature five public speakers. Including Bank of England Governor Andrew Bailey and Hikmet Ersek, President and CEO of Western Union.
Thursday’s group features four speakers, including Tharman Shanmugaratnam, a senior minister in the Singapore government, and Zhu Min, president of the Beijing-based National Institute for Financial Research.
The Davos Agenda is a five-day summit featuring some of the world’s leading figures in finance and government. The series of cryptocurrencies is framed in the theme “Fairer economies”. Other topics include “Technology for Good,” “How to Save the Planet,” and “Healthy Futures.”
- China’s largest cities plan to conduct pilot tests to promote the use of the country’s central bank digital currency (CBDC) this year.
- According to a report by Chinese state media Global Times on Sunday. The mayor of Beijing said the capital will accelerate the development of “demonstration zones” for fintech and professional services in 2021.
- Coinbase launches secondary market for its private stocks on Nasdaq Private Market before being listed on the exchange.