401(k) Bitcoin has serious risks

US President Donald Trump signed an executive order on August 7th, allowing codes in his 401(k) retirement plan. The crypto industry calls the move a victory for adoption, but investment experts warn it will involve a huge risk. The “Democratize Access to Alternative Assets for 401(k) Investors” order directed US financial regulators to expand access…

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Strategy Michael Saylor Shows Impact BTC Purchase for the Treasury Department

The strategy co-founder Michael Saylor signaled the imminent Bitcoin (BTC) purchase and, if completed, the transaction marks the company’s third BTC acquisition in August. The company’s latest Bitcoin purchase took place on August 18th, with the strategy buying 430 BTC for $51.4 million, bringing total holdings to 629,376 BTC, worth more than $720 billion at…

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Xai sues Elon Musk’s Xai over his trademark dispute

Ethereum-based gaming network Xai has filed a lawsuit against Elon Musk’s artificial intelligence company Xai, denounced trademark infringement and unfair competition. The complaint filed Thursday in the Northern California district alleges that Musk’s Xai has created widespread market disruption and damaging the Xai brand. Delaware’s Ex Populus, behind Xai, said it has been using US…

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