US lawmakers ask Fidelity to drop its Bitcoin 401k plan

United States lawmakers are asking Fidelity Investments, the leading provider of 401(k) accounts in the US, to reconsider its decision to offer Bitcoin as part of its customers’ retirement plans.

461 +

Bitwage, ForUsAll Partner To Launch Bitcoin, Crypto 401(k) Plans

Users will be able to access Bitwage features and the 401(k) on one platform and can make pre or post-tax contributions.

252 +

U.S. Lawmakers Draft Bill To Allow Bitcoin, Crypto In 401(k) Plans

The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.

402 +

Dick Durbin Joins US Senators Criticizing Fidelity’s Plan to Include Bitcoin in 401(k) Plans

The joint letter with Sen. Tina Smith and Sen. Elizabeth Warren calls Fidelity’s plans “immensely troubling.”

388 +

U.S. Senators Condemn Fidelity Investments’ Bitcoin 401(k) In Open Letter

Three senators chastised Fidelity for offering a bitcoin 401(k) option claiming it is too volatile and untested to be used as a retirement savings tool.

284 +

U.S. Department of Labor Faces Pushback Over 401(k) Bitcoin Plans

The U.S. Department of Labor is receiving pushback from an industry initiative, requesting it rescind its previous guidance on including crypto in 401(k) plans. The post U.S. Department of Labor Faces Pushback Over 401(k) Bitcoin Plans appeared first on BeInCrypto.

397 +

Using Bitcoin for 401(k) and as Store of Value Is Wonderful Idea: Senator Cynthia Lummis

Senator Cynthia Lummis believes Bitcoin should be included in 401(k) retirement program in US

394 +

U.S. House Introduces Bill to Allow Bitcoin Into 401(k) Plans

Rep. Byron Donalds (R-FL) introduced a bill to the U.S. House that would allow Bitcoin to be included in 401(k) retirement plans. The post U.S. House Introduces Bill to Allow Bitcoin Into 401(k) Plans appeared first on BeInCrypto.

514 +

U.S. House Introduces Bill to Allow Bitcoin in 401(k)s

A member of the U.S. House of Representatives has introduced a bill to ensure that Bitcoin is permitted in 401(k) retirement plans. Bill Supports the Financial Freedom Act On Friday,...

453 +

Senator Warren challenges Fidelity over its Bitcoin 401(k) plans

Senator Elizabeth Warren and Tina Smith have written a letter to Fidelity over its decision to allow Bitcoin investments in its 401(k) plans.   The letter asked the investment firm why it failed to heed the Department of Labor (DOL) warning regarding crypto investments as part of pension retirement plans.

454 +

Senator’s Financial Freedom Act would ensure Bitcoin can be in your 401(k)

The bill is a response from the Alabama Senator to Senator Warren and the Department of Labor’s bid to block Bitcoin investments in self-directed 401(k) investment plans.

280 +

Bitcoin Too Risky For Your Retirement Plans? Elizabeth Warren Thinks So

Less than a week ago, Fidelity Investments announced its decision to add Bitcoin as part of its 401 (k) investment plan. A popular vehicle used by U.S. citizens to invest in equities and other assets as part of their retirement, Fidelity has become the first company in the country to introduce BTC to this offering. […]

607 +

Elizabeth Warren Echoes Labor Dept. Concerns About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans

U.S. Sen. Elizabeth Warren has joined the Department of Labor in expressing concerns about Fidelity Investment's plans to offer bitcoin in its 401(k) retirement plans.

235 +

Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s

U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18.

305 +

Labor Department Skeptical of Fidelity’s Bitcoin 401(k)s

A top official with the the agency in the Labor Department that is tasked with regulating and overseeing companies in their management of employees’ retirement accounts has expressed concerns with...

400 +

US Labor Department Has ‘Grave Concerns’ Over Fidelity’s Bitcoin Pension Plans

The proposal by Fidelity Investments to let clients put bitcoin into their 401(k) plans poses a danger to the financial security of Americans, the Department of Labor has said. The post US Labor Department Has ‘Grave Concerns’ Over Fidelity’s Bitcoin Pension Plans appeared first on BeInCrypto.

418 +

US Labor Department Has ‘Grave Concerns’ About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans, Wall Street Journal Reports

The Labor Department is scheduled to meet with Fidelity to express concerns.

444 +

MicroStrategy to Offer Workers Bitcoin Options in 401(k) Accounts via Fidelity

CEO Michael Saylor’s tweet comes the same day Fidelity said it will begin offering bitcoin investments in its 401(k) accounts later this year.

383 +

MicroStrategy To Allow Employees To Invest In Bitcoin As Part Of 401(k) Plan

Fidelity Investments has created a 401(k) allowing individuals to invest in bitcoin and MicroStrategy will be the first publicly traded employer to offer it.

257 +

Fidelity To Allow Bitcoin Investments In Retirement Plans

Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their workers’ 401(k)s later this year.

234 +

Scaramucci's SkyBridge to Add Bitcoin to Its 401(k) Pension Scheme, Following Fidelity's Example

Antony Scaramucci has tweeted that Bitcoin would become part of SkyBridge's 401(k) program

347 +

Fidelity to reportedly allow 401(k) retirement savings accounts to invest in Bitcoin

If approved, retirement savers can allocate 20% of their savings portfolio to Bitcoin without the need to open a crypto exchange account.

363 +

Fidelity Investments Will Offer Bitcoin Inclusion in Its 401(k) Accounts: Reports

Investors can use part of their savings to invest in the world’s largest cryptocurrency if their employers allow it.

347 +

Fidelity Investments Will Offer Bitcoin Inclusion in Its 401(k) Accounts

Investors can use part of their savings to invest in the world’s largest cryptocurrency if their employers allow it.

437 +

Crypto Could Be Bad For Retirement Savings Plans, The US Labor Dep’t Warns

Retirement plan members should exercise caution before adding crypto to their 401(k) plan’s investment options, the US Department of Labor warned Friday. The warning comes a day after US President Joe Biden signed an executive order establishing a government-wide effort to develop policies for bitcoin and other related assets.

296 +

2021 Was The Wildest Year Yet For Bitcoin, Ether, Cardano, Solana, XRP, Dogecoin, Polygon — What To Expect In 2022

If you would have invested in Ethereum at the beginning of the year 2021, the value would now be up by around 401% as of today going by the coin’s yearly return on investment. Bitcoin did just 62% of the ROI in the last 12 months.

880 +

Why 2021 Was The Biggest Year For Bitcoin, Ethereum, Cardano, Solana, Dogecoin, Polygon — What To Expect In 2022

If you would have invested in Ethereum at the beginning of the year 2021, the value would now be up by around 401% as of today going by the coin’s yearly return on investment. Bitcoin did just 62% of the ROI in the last 12 months.

856 +

Mayor Suarez Wants To Add Bitcoin to 401(k)

Miami continues to champion the crypto cause, forging new territory when it comes to political support and adoption of crypto. Miami mayor Francis Suarez is keen on taking part of his  401(k) in Bitcoin, according to a recent report from RealVision, an on-demand video-streaming investment platform.

391 +

Bitcoin, Ether, Major Altcoins – Weekly Market Update July 12, 2021

The total crypto market cap erased $42 billion from its value for the last seven days and now stands at $1,401 billion. The top 10 coins were all in red for the same time period with the only exception being Binance Coin (BNB) which added 5.

461 +

Roger Lowenstein: Bitcoin doesn’t belong in your retirement portfolio

If the US Securities and Exchange Commission greenlights the Bitcoin BTC/USD ETF VanEck applied for, people with IRAs and self-directed 401(k)s will be able to conveniently gain exposure to Bitcoin as part of their retirement portfolio.

425 +

Coinbase Allies with 401(k) Provider to Bring Bitcoin (BTC) to Retirement Plans

The institutional arm of Coinbase Global has partnered with ForUsAll Inc. —a 401(k) provider—to allow workers under their administration to invest up to five percent of their account balances in crypto, the WSJ reports on June 10.

422 +

Coinbase Signs 401(k) Bitcoin Investment Deal

330 +

Bitwage Announces Bitcoin 401(k) Plan in Collaboration with Gemini

Coinspeaker Bitwage Announces Bitcoin 401(k) Plan in Collaboration with GeminiHuman Resource and Payroll service Bitwage launches Bitcoin 401(k). The new product is set to help employers meet the PPP requirements.

469 +

Bitcoin 401(K) Plans Introduced by Gemini-Partnered Payroll Service Provider

Crypto payroll services provider Bitwage has unveiled the world’s first Bitcoin 401(k) plan. The company partnered with Gemini on the product which will accept both traditional and Roth 401(k) plans.

500 +

Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for Employees

Cryptocurrency payroll service Bitwage has announced the launch of a Bitcoin 401 (k) plan, allowing companies to give their employees a BTC-based retirement plan. In a press statement, Bitwage, which claims to have tested the product on its own employees for 10 months, said workers now have the ability to invest their pre-tax and post-tax […] The post Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for Employees appeared first on Bitcoin News.

588 +

Crypto Payroll Firm Bitwage Unveils Bitcoin 401(k) Product

Bitwage, a crypto startup aiming to bring the use of digital currencies into the mainstream has announced the successful trial of its Bitcoin (BTC) 401(k) employee pension account. This, according to a report by Coindesk, May 26, 2020.

500 +

Bitwage Rolls Out Bitcoin 401(k) Plan With Help From Gemini

The crypto payroll provider claims its "world's first" bitcoin 401(k) plan can help U.S. companies cross the crucial 75% threshold with their small business loans.

498 +

Wells Fargo at it Again, Faces Suit Over 401(k) Plan Violations

US bank Wells Fargo, which previously banned its clients from buying Bitcoin and other digital currencies due to “high volatility and risks,” is being sued by a former employee who charges it with mismanaging its 401k plan.

406 +

Trump Administration Could Allow Tax Free Investments in Bitcoin

A senior official for President Donald Trump has suggested that a new stimulus package could include tax-free investments outside of 401(k) contributions. The suggested tax savings would ostensibly act as a buying boost for the stock market, and potentially other investments like Bitcoin.

439 +

This Crypto Surged 37% on Thursday, Nudged Korean Traders to Dump Bitcoin

Price of Crypto. com Chain (CRO) on Thursday surged up to 37. 33% ahead of the European market open. The CRO-to-dollar exchange rate established an intraday high towards $0. 085, bringing its total jump since April 2 close to 100-percent.

352 +

Samsung Galaxy S10 Wallet Supports Ether, CryptoKitties — But Not Bitcoin

When leaked pictures of Samsung’s latest smartphone went viral, the crypto sphere lost its mind over a singular feature: a built-in cryptocurrency wallet. Samsung would quickly deny rumors that the S10 contained a baked-in hardware wallet.

808 +

Coinbase Purchased Neutrino for $13.5 M, Acquisition Contract Shows

Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $13. 5 million (€12 million), a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals.

631 +

Fidelity Becomes First Financial Institution to Take Bitcoin Lightning ‘Torch’

Fidelity Digital, the digital assets arm of Fidelity Investments, has become the first financial institution to receive the so-called bitcoin payments ‘torch’ that is being relayed from user to user around the globe via Bitcoin’s Lightning network.

450 +

Fidelity Will Open Cryptocurrency Trading to Its 27 Million Customers

On the heels of a massive 10% price jump in Bitcoin (BTC) and after a rocky week for the stock market, Fidelity has announced plans to store and trade digital currencies for their institutional clients.

560 +

Signs That The Bitcoin Bulls Are Ready To Break Out

Here are a few of the most significant signs that the bulls are getting ready to break out and stampede on the markets. Five years ago, the industry didn’t have as many investors as we see today and most mainstream media wouldn’t have given any crypto related news the light of day.

643 +

NYSE Owner: Bitcoin Should Be in Retirement Funds, Credit Cards, Retail Stores

Intercontinental Exchange (ICE), owner of arguably the most important stock exchange in the world, the New York Stock Exchange (NYSE), is introducing a new company, Bakkt. The idea is to weave bitcoin into 401(k)s, credit cards, and retail.

529 +

3 Reasons to Include Cryptocurrencies in Your Retirement Portfolio

It is never too late to start planning for retirement. When doing so, most people shy away from risky (read: volatile) investments like Bitcoin, but that may be soon changing. For people planning their financial future, Bitcoin and other cryptocurrencies represent a hedge against the current financial system.

522 +