Auto Added by WPeMatico

US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts

A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement…

Continue ReadingUS Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts

Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans

Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies…

Continue ReadingSenator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans

Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’

Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage…

Continue ReadingPeter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’

Georgia to Unveil New Cryptocurrency Law by This Fall

Authorities in Georgia are now holding discussions with industry representatives to finalize a bill designed to regulate coin trading, among other crypto-related activities. The legislation will be presented to the…

Continue ReadingGeorgia to Unveil New Cryptocurrency Law by This Fall

Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider

Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to…

Continue ReadingCrypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider

Elon Musk Secures Funding From Crypto-Friendly Binance, Sequoia, Fidelity to Buy Twitter

Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example,…

Continue ReadingElon Musk Secures Funding From Crypto-Friendly Binance, Sequoia, Fidelity to Buy Twitter

Gucci to Accept Crypto Payments in Retail Stores

High-end fashion house Gucci will begin accepting cryptocurrencies at some of its stores this month, including bitcoin, ether, dogecoin, and shiba inu. The company plans for all of its directly…

Continue ReadingGucci to Accept Crypto Payments in Retail Stores

Kazakhstan Amends Registration Rules for Cryptocurrency Miners

The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in the…

Continue ReadingKazakhstan Amends Registration Rules for Cryptocurrency Miners

Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed…

Continue ReadingBankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement

Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a…

Continue ReadingLawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement