The change will make it easier for retirement benefit programs to invest in cryptocurrency The US Labor Department has formally revoked a policy of the Biden administration that dissuaded investing cryptocurrency in retirement plans like 401(k)s. The action, which was announced yesterday, reverses 2022 guidance that advised plan sponsors to be extremely cautious with digital
Lawmakers had approved the deal, but Governor Hobbs calls it too risky Arizona Governor Katie Hobbs has vetoed legislation that would allow the state to invest in Bitcoin, putting an end to a proposal that would have established Arizona as a trailblazer in cryptocurrency policy in the state. Hobbs vetoed Senate Bill 1025, also known
The crypto asset manager is preparing to add 35 new altcoins to its investment portfolio Grayscale, a leading crypto asset manager, recently announced it is considering adding 35 new altcoins to its range of investment products. These include popular tokens like Dogecoin and Worldcoin, as well as projects like Pyth and Rune. In a blog
Cryptocurrency ETFs are starting to pick up as a possible investment alternative Jersey City, under the leadership of Mayor Steven Fulop, is poised to take a bold step into the realm of digital assets. Since his election in 2013, Mayor Fulop has been at the forefront of innovative and progressive financial strategies to bolster the
Rashawn Russell will also have to repay $1.5 million to his victims Former Deutsche Bank executive Rashawn Russell was sentenced to 41 months in prison by an Eastern New York District Court on May 30 for his role in a cryptocurrency fraud scheme and a separate device fraud case. The former investment banker entered a
The firm’s outgoing boss was opposed to cryptocurrency, but his replacement could change the game Former Blackrock executive Salim Ramji has been announced as the new CEO of asset management firm Vanguard. Ramji was the Global Head of iShares and Index Investments at Blackrock and a member of the firm’s Global Executive Committee. Ramji supervised BlackRock’s recent launch
March and April have witnessed staggering amounts of investments in the crypto space For the second straight month this year, crypto venture capital funding has exceeded $1 billion. This achievement is the first time it’s happened in consecutive months since October and November 2022. There were 161 investment rounds in April, with a total funding of $1.02
The latest data shows that cryptocurrency staking can offer as much as 450% more Despite solid growth across both markets, the average cryptocurrency staking reward is currently 450% higher than the average earnings paid to S&P 500 investors. The S&P 500 index, which tracks the US’s 500-largest public companies, recorded its highest first-quarter growth in
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