Author: MNK News
The U.S. government is moving closer to allowing crypto exposure in retirement accounts. The White House’s Office of Information and Regulatory Affairs (OIRA) has completed its review of a Department of Labor (DOL) proposal that could reshape how 401(k) fiduciaries evaluate alternative assets, including digital assets. The review concluded on March 24, with the action marked “consistent with change” and classified as “economically significant.” The proposal is now expected to be published for a standard 60-day public comment period, after which revisions may be made before a final rule is issued. Related: Popular crypto retirement company abruptly shut down during…
The U.S. government is moving closer to allowing crypto exposure in retirement accounts. The White House’s Office of Information and Regulatory Affairs (OIRA) has completed its review of a Department of Labor (DOL) proposal that could reshape how 401(k) fiduciaries evaluate alternative assets, including digital assets. The review concluded on March 24, with the action marked “consistent with change” and classified as “economically significant.” The proposal is now expected to be published for a standard 60-day public comment period, after which revisions may be made before a final rule is issued. Related: Popular crypto retirement company abruptly shut down during…
WASHINGTON (AP) — One of the first things an Argentine emigre did after her son was born in Florida last year was get him a U.S. passport.She saw the passport as tangible evidence that he’s an American. But now people like her are in a legal fight over President Donald Trump’s executive order that would deny U.S. citizenship to children born in the United States to people who are in the country illegally or temporarily. “It’s funny because I actually booked him for his passport application appointment even before he was born,” the 28-year-old woman said, as her now 7-month-old…
Indian billionaire Mukesh Ambani’s entertainment venture JioStar has terminated its broadcast deals in Bangladesh for the Indian Premier League (IPL) cricket tournament, saying its local partner defaulted on payments, according to a document seen by Reuters. Bangladesh in January banned IPL broadcasts after one of its teams, Kolkata Knight Riders, dropped Bangladesh pacer Mustafizur Rahman at the Indian cricket board’s instruction, just as tensions rose between the two countries following the killing of a Hindu man in Bangladesh. Though Bangladesh is reviewing the ban and had on Saturday said any further steps will depend on the opinion of its sports…
In brief Ethereum investment products lost $222 million last week, the most of any digital asset tracked by CoinShares. Total crypto fund outflows hit $414 million—the first weekly net negative in five weeks. Clarity Act concerns and fading Fed rate-cut hopes drove the sell-off, with U.S. investors accounting for $445 million in outflows. Ethereum funds bore the heaviest losses among all digital asset exchange-traded products last week as broader risk-off sentiment collided with growing concern about the Clarity Act, the upcoming U.S. crypto market structure bill.That’s pushed total crypto fund outflows to $414 million—the first weekly net negative in five…
In brief Ethereum investment products lost $222 million last week, the most of any digital asset tracked by CoinShares. Total crypto fund outflows hit $414 million—the first weekly net negative in five weeks. Clarity Act concerns and fading Fed rate-cut hopes drove the sell-off, with U.S. investors accounting for $445 million in outflows. Ethereum funds bore the heaviest losses among all digital asset exchange-traded products last week as broader risk-off sentiment collided with growing concern about the Clarity Act, the upcoming U.S. crypto market structure bill.That’s pushed total crypto fund outflows to $414 million—the first weekly net negative in five…
In brief Ethereum investment products lost $222 million last week, the most of any digital asset tracked by CoinShares. Total crypto fund outflows hit $414 million—the first weekly net negative in five weeks. Clarity Act concerns and fading Fed rate-cut hopes drove the sell-off, with U.S. investors accounting for $445 million in outflows. Ethereum funds bore the heaviest losses among all digital asset exchange-traded products last week as broader risk-off sentiment collided with growing concern about the Clarity Act, the upcoming U.S. crypto market structure bill.That’s pushed total crypto fund outflows to $414 million—the first weekly net negative in five…
Cryptocurrency has always been most popular with younger investors, which is understandable. Younger generations are more likely to adopt new technology, and they can afford a higher risk tolerance, since retirement is still a way off. However, some young investors take on too much risk with their crypto holdings. The World Economic Forum’s 2024 Global Retail Investor Outlook reported that 35% of Gen Z and 26% of millennial crypto investors had allocated over half of their portfolios to cryptocurrency. Image source: Getty Images. It can be tempting to build a crypto-heavy portfolio, especially when you’re starting out and don’t have…
Cryptocurrency has always been most popular with younger investors, which is understandable. Younger generations are more likely to adopt new technology, and they can afford a higher risk tolerance, since retirement is still a way off. However, some young investors take on too much risk with their crypto holdings. The World Economic Forum’s 2024 Global Retail Investor Outlook reported that 35% of Gen Z and 26% of millennial crypto investors had allocated over half of their portfolios to cryptocurrency. Image source: Getty Images. It can be tempting to build a crypto-heavy portfolio, especially when you’re starting out and don’t have…
Cryptocurrency has always been most popular with younger investors, which is understandable. Younger generations are more likely to adopt new technology, and they can afford a higher risk tolerance, since retirement is still a way off. However, some young investors take on too much risk with their crypto holdings. The World Economic Forum’s 2024 Global Retail Investor Outlook reported that 35% of Gen Z and 26% of millennial crypto investors had allocated over half of their portfolios to cryptocurrency. Image source: Getty Images. It can be tempting to build a crypto-heavy portfolio, especially when you’re starting out and don’t have…