Crypto News

Hut 8 CEO Asher Genoot told investors today the Winklevoss brothers bought into American Bitcoin with BTC rather than cash.Source link

UK-focused onshore hydrocarbon producer Union Jack Oil plc is exploring bitcoin mining powered by natural gas at its West Newton site and may adopt a corporate bitcoin treasury strategy if the initiative succeeds. Onshore Gas to Bitcoin: Union Jack Advances Crypto Mining Venture Union Jack (AIM: UJO), holding a 16.665% stake in license PEDL183, announcedSource link

U.S. President Donald Trump has signed an executive order to allow crypto investments in 401(k) retirement plans, opening the gates for millions of dollars to flow into the asset class.The order, which also allows for private equity investments, is poised to dramatically widen the scope of what retirement plan providers can direct funds to. This in turn could help crypto prices while further integrating digital assets with the broader financial system."Alternative assets, such as private equity, real estate, and digital assets, offer competitive returns and diversification benefits," a fact sheet published Thursday said.While it was never technically prohibited to add crypto to a retirement plan, the Department of Labor previously put out guidance for fiduciaries to “exercise extreme care before...

The Fake Taxi token is taking holders for a ride. “Don't ask where we're going, just get in,” they say.Source link

President Donald Trump signed an executive order on Aug. 7 directing federal agencies to enable 401(k) and similar retirement plans to offer investments in alternative assets, including cryptocurrencies like bitcoin. Since the announcement, BTC has spiked comfortably above the $117,000 range. Regulations on 401(k) Alternative Assets Face Overhaul After Order The order instructs the SecretarySource link