Business And Finance Concept Of 401k Investments Growing In Equity Do To A Bull Market Trend getty The U.S. Department of Labor came out this week with an unusually strong warning about cryptocurrenci...
Tag: Department
The US Labor Department Sounds Stern Warnings Against Including Cryptocurrencies In Retirement Funds ⋆ ZyCrypto
Advertisement     The US Labor Department cautions firms about adding crypto to 401(k) plan options. Concerns surrounding the volatile nature of the asset as well as ...
Justice Department Will Prosecute Banks, Crypto Exchanges That Help Russians Hide Assets: Report
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Crypto Investments Carry ‘Significant Risks of Fraud, Theft, and Loss,’ Says U.S. Department of Labor
The U.S. Department of Labor (DOL) is warning investment firms to “exercise extreme care” before adding crypto to their retirement plans. In a new statement, the department says it has serious concern...
US Department of Labor says crypto in retirement plans will attract legal attention
The level of cryptocurrency adoption in the United States has grown to record highs over the past year. Institutional adoption has also skyrocketed, and this has created worry among federal agencies t...
US Department of Labor Urges ‘Extreme Care’ Before Adding Crypto to 401(k) Plans
The Labor Department said crypto presents “significant risks and challenges to participants’ retirement accounts, including significant risks of fraud, theft and loss.” It highlighted as reasons specu...
Department of Labor cautions against crypto in 401k plans
advertisement The US Department of Labor published a notice Thursday saying it will conduct an investigative program aimed at retirement plans offering crypto. The agency advocated retirement managers...
Treasury Department Seeks to Educate the Public on Risks of Crypto Investing
Key Takeaways The U.S. Treasury wants to increase awareness and educate American households about the risks of investing in cryptocurrency. The initiative is being led by the Treasury’s Financial Lite...
Why War and Sanctions Are Good for Bitcoin
Illustration by Elias Stein Text size Russia’s invasion of Ukraine is pressuring equities, pumping up oil prices, and scrambling Federal Reserve plans to raise rates. Through it all, Bitcoin has been ...
Carl Icahn Slashes Stake in Occidental Petroleum
Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities....
U.S. Department of Justice to set up task force to enforce Russia sanctions
The U.S. Department of Justice will be creating a task force saddled with enforcing sanctions against the richest Russians and their assets in the U.S. The U.S. sets up a new taskforce The interagency...
Treasury Department Warns Against Circumventing Russia Sanctions, Targets Digital Currencies and Physical Assets
The U.S. Treasury Department is calling out digital assets as it prepares to enforce new sanctions against Russia. The Office of Foreign Assets Control (OFAC) is detailing a series of measures designe...
U.S. Department of Justice Indicts BitConnect Founder in $2,400,000,000 Crypto Scheme
A federal grand jury in San Diego just indicted the founder of the BitConnect crypto scheme that allegedly defrauded thousands of investors in the US and abroad. In a statement published on Friday, t...
Covid-19 Vaccine Makers Face a New Rival as GlaxoSmithKline and Sanofi Prepare to Enter the Ring
As new Covid-19 cases fall, the postpandemic vaccine market grows more interesting. On Wednesday, GlaxoSmithKline and Sanofi, two of the world’s largest vaccine makers, said they would submit a Covid ...
US Treasury Department Targets NFTs for Potential Money Laundering
Apprehensions against Non Fungible Tokens were always high. When we think about it, to those who are outsiders to crypto-space, the concept of high-value for crypto arts that look nothing more like pi...
Elon Musk cheers on Justice Department probe of short sellers
Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Tesla CEO Elo...
White House and Treasury Department Divided Over Crypto Ahead of Biden’s Executive Order: Report
The White House and the Treasury Department are reportedly split on the scope of an executive order focusing on digital assets. According to a new Bloomberg report, the draft of the executive order di...
Mastercard Is Hiring to Build Out Its Crypto Department
Mastercard is expanding its crypto department. The credit card giant announced early in the week that it’s looking to help companies around the world better understand the growing digital currency ind...
Justice Department Appoints Crypto Enforcement Team Head, FBI Launching Crypto Unit
Federal authorities in the United States, including the Justice Department and the FBI, are taking immediate steps to curb what it sees as a surge in cryptocurrency-related crime. During her speech at...
US Justice Department Appoints New Cryptocurrency Unit Head
United States Justice Department decided to appoint Eun Young Choi as head of a new unit to watch illegitimate cryptocurrency ventures. Eun will scrutinize the illegal activities of cyber culprits and...
US Justice Department Names Head Of Newly Formed Crypto Enforcement Team
The Justice Department recently appointed cybersecurity prosecutor Eun Young Choi to lead the newly formed “National Cryptocurrency Enforcement Team”, aimed at cracking down on digital currency scheme...
Education Department won’t seize tax refunds for overdue student loans
Miguel Cardona, U.S. Education Secretary, at the Queen Theatre on Dec. 23, 2020 in Wilmington, Delaware. Joshua Roberts | Getty Images News | Getty Images The U.S. Department of Education has suspende...
Miners Stakers are Not Brokers, Says Treasury Department
The meaning of representative is set to prohibit diggers and stakers The Treasury sent a letter to Senators on Friday to refresh Senators on the advancement of revising the expression representative S...
Miners & Stakers are Not Brokers, Says Treasury Department
Miners and stakers in the U.S. would have breathed a collective sigh of relief as the U.S. Treasury exempts them from reporting transaction information to the Internal Revenue Service. The U.S. Treasu...
Puerto Rican Treasury Department Aims to Tax NFT Sales – News Bitcoin News
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe ...
US Department of Justice nabs couple for allegedly trying to launder $3.6 billion worth of Bitcoin
The US Department of Justice announced Tuesday that the law enforcement authorities have captured a married couple linked to the Bitfinex crypto exchange hack incident in 2016. The married couple, Ily...
How The Crypto Couple Went From Wannabe Tech Luminaries To Targets In The Biggest Financial Seizure In Justice Department History
Heather Morgan, pictured, cast herself as an expert in “cold email” – unsolicited communications – and posted dozens of rap videos were she adopted her alter-ego, Razzlekhan. Eyepress – Newscom ...
US Department of Justice nabs couple for allegedly trying to launder $3.6 million worth of Bitcoin
The US Department of Justice announced Tuesday that the law enforcement authorities have captured a married couple linked to the Bitfinex crypto exchange hack incident in 2016. The married couple, I...
Justice Department Recovers Bitfinex Hack Funds In Largest Ever Financial Seizure
The FBI has arrested a husband and wife in Manhattan for allegedly conspiring to launder swaths of Bitcoin connected to the 2016 Bitfinex exchange hack. According to Reuters, over $3.6 billion worth o...
Justice Department Seizes Over $3.6 Billion Worth of Bitcoin Linked to Bitfinex Hack
The U.S. Justice Department has seized $3.6 billion worth of Bitcoin, marking the largest seizure of cryptocurrency of all time and the biggest financial seizure ever. In a statement, the Justice Depa...
US Treasury Department Concerns NFTs Crime of Money Laundering
The growing popularity of digital artworks as highly valued non-fungible tokens (NFTs) is now a major financial red flag as the United States Treasury Department believes they could be a vital tool fo...