Private equity and cryptocurrency might be coming to your 401(k). Here’s what to understand.
Changes in Retirement Fund Options Typically, retirement accounts consist of fairly straightforward options, mainly stocks and bonds. Recently, a presidential order was signed that aims to pave the way for including a variety of “alternative assets” in 401(k) plans, such as cryptocurrencies, real estate, and private equity. These employer-sponsored retirement plans allow employees to contribute […]
Federal Reserve Concludes Oversight Program for Banks’ Cryptocurrency Activities
Simply put The Federal Reserve has concluded its oversight program that monitored banks involved in cryptocurrency activities. US banks will now face less intensive scrutiny when offering services like crypto custody and Stablecoin management. This decision from the Fed arrives as the regulatory landscape in the US shifts, especially under Trump’s administration. The Federal Reserve […]
Cryptocurrency Values Drop Following Unexpected Inflation News
Cryptocurrency Prices Dive After Inflation Data The largest cryptocurrency experienced a significant decline on Thursday, following the release of inflation data that showed wholesale prices increasing more than anticipated. According to CoinmarketCap, Bitcoin’s value has decreased ($117,900), Ethereum declined by 4% ($4,535), and Ripple fell by 6.1% ($3.07). This drop aligns with the July Producer […]
Bitcoin sell-off deepens following a strong US inflation report that unsettles stocks and cryptocurrency.
Bitcoin’s Recent Drop and Market Insights Key Takeaways: Bitcoin’s price has dipped below $118,000, affected by unexpectedly high US Producer Price Index (PPI) data, raising inflation worries. The likelihood of a Federal Reserve interest rate cut has decreased from 99.8% to 90.5%. Short-term price corrections in Bitcoin signal potential opportunities for altcoins. Bitcoin (BTC) experienced […]
The upcoming age of cryptocurrency
MemeCoins and the Evolving Crypto Landscape MemeCoins may seem like a passing fad tied to internet trends, but there’s more to them than meets the eye. They represent a new information ecosystem within the crypto space. During a recent episode of Fortune’s Crypto Playbook Vodcast, this idea was explored further. Carlson-Wee is a significant figure […]
Firm connected to Trump Jr. secures $50M for cryptocurrency and mining as Bitcoin reaches its highest point.
Thumzup Media Corporation, a company focusing on social media marketing in the crypto sector, is set to venture into crypto mining after securing $50 million from investors. The company announced that it will expand its cryptocurrency strategy to include large-scale mining and blockchain investments. Thumzup intends to utilize part of the $50 million raised from […]
Fraudster sentenced to 4 years for spending almost $2M in COVID funds on watches, luxury hotels, and cryptocurrency
Long Island Man Sentenced for Covid Relief Fraud A Long Island resident, Niall Alli, who spent around $2 million from Covid relief funds on luxury items such as Patek watches, upscale hotels, and cryptocurrency, received a four-year prison sentence on Wednesday. The 52-year-old from Inwood admitted guilt in December 2023 to committing disaster relief and […]
Experts indicate that Trump’s order on banking will have a minimal effect on cryptocurrency.
Trump Signs Executive Order on Banking Practices Recently, former President Donald Trump issued an executive order that aims to change how bank regulators operate. This order specifically directs them to withdraw guidance that could result in politically motivated refusals of banking services. Interestingly, a number of crypto entrepreneurs, as well as some prominent conservatives, have […]
Pantera Capital announces it has invested more than $300 million in cryptocurrency treasury firms
Pantera Capital’s Investment in Digital Assets Pantera Capital has disclosed that it has invested over $300 million into companies involved with Digital Assets and Treasury (DAT) thus far. This information was shared for the first time in their recent blockchain letter published on Tuesday. The company mentioned that the investment framework for DAT firms is […]
Trump family-supported World Liberty Financial establishes a $1.5 billion cryptocurrency fund.
Trump Family’s New Financial Venture The Trump family has introduced a financial company called Global Liberty Financial, which they initially teased in August as the 2024 U.S. presidential election loomed. At first, the specifics of what services this venture would provide were a bit vague. The slogan they’ve settled on? “Make your finances great again.” […]