Litigation risk for employers with a legal duty to monitor their employees’ 401(k) investments is set to hamper President Donald Trump‘s efforts to allow more cryptocurrency into workers’ retirement accounts. The US Labor Department is reversing Biden-era guidance that warned plans against digital currencies in workplace retirement portfolios. It’s part of a broader move by
Adam Weitsman is the billionaire owner/CEO of Upstate Shredding – Weitsman Recycling, a scrap metal processing company in Owego, New York. He is also the founder and owner of Viridium LLC, a cryptocurrency mining company. Weitsman recently sold his two-story penthouse on Florida’s Sunny Isles Beach for $28.6 million. His home is featured this week
Source: Blockchain Cloud Mining (EZ Newswire) MIAMI, FL, June 2, 2025 (EZ Newswire) — The blockchain cloud mining industry experienced rapid growth in the first quarter of 2025, with total sales of mining contracts exceeding $120 million — a 20% increase from the fourth quarter of 2024. Meanwhile, Bitcoin surpassed the $100,000 mark in May,
Travis Kling of Ikigai Asset Management shared his May highlights for bitcoin and broader crypto ecosystem, underscoring the remarkable scale of institutional adoption throughout the month. May was a blockbuster month for the crypto sector, headlined by unprecedented institutional investment, key legal developments, and heightened adoption by both private and public entities. Bitcoin reached new
Humanitarian aid organization World Vision Korea is the first nonprofit to sell crypto in South Korea after the country ushered in new rules around institutional crypto trading. World Vision Korea sold 0.55 Ether (ETH), worth roughly 1.98 million won ($1,436) on Upbit, according to a June 1 statement from Dunamu, the parent company of the
Donald Trump has been forthright and transparent in his desire to enrich himself with his cryptocurrency memecoin profiting off of his high public office. Trump is beyond shame, but this corrupt debasement of the Oval Office is accepted by so many who should know better, including his fellow Republicans. Unlike the hundreds of other crypto
South Korea’s crypto scene will gain either way in the country’s presidential elections, as both candidates have run on pro-crypto platforms, pledged to ease regulations and expand crypto access. South Koreans will head to the polls on June 3 to elect a new president in a snap election to replace Yoon Suk-yeol, who was impeached
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Insurance companies are reportedly looking to capitalize on the rising incidents of kidnapping and physical violence targeting crypto millionaires. NBC News reports that at least three companies that provide insurance and security services for cryptocurrency investors and firms are preparing to offer kidnap and ransom (K&R) insurance policies for those with security concerns stemming from
(Des Moines) — A new rule passed by the Iowa Legislature is intended to protect seniors from fraud at unregulated cryptocurrency kiosks. The measure is part of a broader effort to address financial scams often targeting older Iowans. The law requires crypto operators to post written notices warning consumers about the financial risks of using the machines, which resemble