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
Jack Dorsey has confirmed that Bitcoin will soon be an option on the payments platform Block, Inc., the financial technology company led by Jack Dorsey, is preparing to launch Bitcoin payment options through its Square platform. The rollout is set to begin later this year and will expand gradually, with full availability expected in 2026,
The lawsuit arrives as more details surface about the recent attack Coinbase is facing fresh legal trouble following a recently disclosed data breach and a past regulatory violation in the UK. A new proposed class-action lawsuit, filed by investor Brady Nessler on May 22 in a Pennsylvania federal court, alleges the crypto exchange failed to
37-year-old John Woeltz was arrested after the victim was able to escape and summon the police A cryptocurrency-related crime in New York has led to serious charges after a man was allegedly held captive and tortured for weeks in an attempt to steal access to his Bitcoin holdings. According to police, 37-year-old John Woeltz was
The victim reportedly lost $123,000 in the heist, although it isn’t clear how the thief knew of the wallet A US tourist visiting London became the victim of a robbery involving cryptocurrency after getting into a car he believed was an Uber. Jacob Irwin-Cline, who was out for drinks one night, requested a ride through
New research shows that almost 70,000 user accounts may have been compromised New details have surfaced about a recent data breach at Coinbase, revealing that the impact may be far more serious than initially believed. According to a filing submitted to the Maine attorney general’s office, nearly 70,000 user accounts were compromised in the cyberattack,
The SEC is targeting Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez The US Securities and Exchange Commission (SEC) has filed a lawsuit against crypto platform Unicoin and several of its top executives, accusing them of misleading investors in a $100 million scheme. The complaint, filed in a federal
The bank has long been opposed to crypto, but could be changing its stance JPMorgan is making a major change in its approach to cryptocurrency. The bank, long known for its critical stance on digital assets, is now preparing to let clients buy Bitcoin. CEO Jamie Dimon confirmed the decision during the bank’s annual investor
The lawsuit accuses the crypto exchange of violating the Illinois Biometric Information Privacy Act Coinbase is now facing a class-action lawsuit in Illinois over claims it mishandled users’ biometric data. The case, filed on May 13 in federal court, accuses the cryptocurrency exchange of violating the Illinois Biometric Information Privacy Act (BIPA), a state law
This round of payouts is scheduled to take place on or before May 30 The FTX bankruptcy saga is finally nearing a major milestone as the estate has announced it will begin distributing over $5 billion to creditors before the end of May 2025. After nearly 18 months of uncertainty and court proceedings, this development
Telegram banned thousands of accounts tied to the network, forcing it to shut down Telegram has shut down a massive Chinese-language darknet marketplace that had become a central hub for crypto-based criminal activity. Known as Haowang Guarantee—formerly Huione Guarantee—the platform announced it was closing its operations after Telegram banned thousands of accounts tied to the
The company had set up shop in Colorado, moving massive amounts of money undetected A Chinese-language crypto marketplace with deep ties to online fraud and money laundering in Southeast Asia is now being linked to a company incorporated in Colorado. According to blockchain analysis firm Elliptic, Xinbi Guarantee has moved at least $8.4 billion, mostly
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