US President Donald Trump is set to sign an executive order that may pave the way for cryptocurrencies to be incorporated into 401(k) retirement plans, potentially transforming how Americans allocate their savings.The White House Press Office confirmed to Cointelegraph on Thursday that the directive instructs the US Labor Department to reassess limitations surrounding alternative assets in defined-contribution plans, inclusive of digital currencies, private equity, and real estate.A senior official from the White House stated that the order directs the Secretary of Labor to clarify the department’s position on alternative assets and to furnish guidance on fiduciary responsibilities for integrating these…
Autore: wsjcrypto
The Department of Education (DepEd) announced on Tuesday that tackling the nation’s educational challenges, including the deficit of 165,000 classrooms, necessitates a multi-faceted approach. “Education is not solely the duty of schools or educators,” Education Secretary Juan Edgardo “Sonny” M. Angara remarked to reporters in Filipino during an interview. “Families, communities, and barangays must also participate in nurturing and educating the youth,” he emphasized. On average, Mr. Angara indicated that the department constructs approximately 6,000 new classrooms each year. “We will start building in regions that require it the most, which are generally urban areas in Region 4A,” Mr. Angara…
“`html Today in the Southern District of New York (SDNY), Tornado Cash co-originator Roman Storm was deemed guilty on the second charge of his indictment, conspiracy to operate an unauthorized money transmission business. The Tornado Cash trial has reached its conclusion.Roman Storm has been convicted of the conspiracy to run an unlicensed MTB charge.Here are my reflections on the outcome, the government’s (dismissed) motion to detain Storm, and what lies ahead. pic.twitter.com/T41TtEL9Kh— Frank Corva (@frankcorva) August 6, 2025 The jury did not reach a unanimous decision on the additional two counts — conspiracy to engage in money laundering and conspiracy…
“`html The financial division of South Korean tech behemoth Kakao Corporation is allegedly intensifying efforts to provide stablecoin solutions in light of a regulatory transformation in the nation following the election of pro-crypto President Lee Jae-myung.KakaoBank’s CFO Kwon Tae-hoon mentioned during the company’s earnings call for the first half of 2025 that the firm is “evaluating diverse methods such as issuance and custody,” and “intends to actively engage,” in the “digital asset ecosystem,” as reported by ZDNet Korea on Wednesday.Kwon noted that this venture is being driven in collaboration with Kakao’s Stablecoin Task Force, which comprises upper management from its…
“`html Respected Editorial material, evaluated by prominent industry specialists and experienced editors. Advertisement Disclosure Former Binance chief Changpeng “CZ” Zhao has taken steps to dismiss a $1.76 billion clawback demand from the currently-bankrupt FTX trust. This is a daring initial maneuver. According to reports, he contends that the matter should never have been brought before a Delaware court. Dispute Over Delaware Authority As per a news article, Zhao asserts he resides in the United Arab Emirates and does not possess any substantial connections to Delaware. He highlights that the complaint fails to demonstrate that he is “at home” there. His…
“`html AGRICULTURAL OUTPUT surged by an annual 5.7% in the second quarter — the swiftest rate in eight years — as improved weather conditions allowed high-value crops like rice and corn to achieve double-digit growth, the Philippine Statistics Authority (PSA) reported on Wednesday. Information from the PSA indicated that the value of production in agriculture and fisheries at constant 2018 prices rose by 5.7% to P437.53 billion during the April-to-June timeframe, surpassing the 2% increase noted in the first quarter. This marked a turnaround from the 3.2% decline in the second quarter of 2024 when the agriculture sector faced challenges…
“`html Shiba Inu’s blockchain framework, Shibarium, is said to be advancing beyond its initial function as a Layer 2 (L2) scaling resolution. In a recent statement, the development team disclosed that Shibarium is now positioned as the essential foundation for a decentralized, community-driven future, underscoring its expanded functionality and long-term aspirations for the evolving ecosystem. Shibarium Transitions Beyond Layer 2 Framework On August 4, the Shiba Inu crew behind Shibarium clarified in a post on X social media that the platform extends beyond a mere Layer 2 scaling resolution. They characterized it as a solid infrastructure meant to energize a…
The administration of US President Donald Trump has finalized an agreement with OpenAI to deliver the enterprise-grade version of the ChatGPT platform to all federal entities in a bid to “update” operations.As per the agreement, every US government entity will have access to the AI platform for a nominal fee of $1 per agency to aid in incorporating AI into operational workflows, according to a Wednesday declaration from the US General Services Administration (GSA).The GSA, functioning as the US government’s procurement office, stated that the public-private partnership “directly enhances” the White House’s AI Action Plan, a three-pillar strategy aimed at…
London-listed technology company Satsuma Technology has secured 163,660,000 British pounds ($217.6 million) in total proceeds from its second convertible loan note initiative, with nearly $125 million settled in Bitcoin, to enhance its Bitcoin treasury approach.The funding round, which concluded on July 28, exceeded its minimum $129 million goal by more than 63%, propelled by high demand from both crypto-native and traditional institutional investors, the organization announced on Wednesday.“This moment signifies a significant affirmation of our fundamental belief: that integrating a Bitcoin-native treasury with decentralized AI represents a transformation in corporate value generation,” stated Satsuma CEO Henry Elder.The firm disclosed that…
By Chloe Mari A. Hufana, Journalist Philippine President Ferdinand R. Marcos, Jr., on Wednesday declared a 60-day halt on rice importation commencing September 1, 2025, to safeguard local farmers. In a statement delivered to the press, Presidential Communications Office Acting Secretary Dave M. Gomez mentioned that Mr. Marcos considered the Department of Agriculture’s suggestion to “support local farmers struggling with low palay prices during the ongoing harvest season.” The order followed consultations with Cabinet members during his official visit to India. Nonetheless, Mr. Gomez remarked that the President indicated it is not yet appropriate to raise tariffs on imported rice.…