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U.S. Labor Department Sued After Warning 401(k) Providers About Allowing Crypto Investments
2.6.2022
The U.S. Department of Labor (DOL) in March issued a controversial warning to 401(k) plan fiduciaries to “exercise extreme care” before considering adding cryptocurrencies to a retirement plan’s investment menu. Today, the agency is being sued for it
Activision Blizzard Devs Demand Breastfeeding Protections And Other Reforms
25.5.2022
10 months after a California lawsuit alleged widespread sexual harassment and discrimination at Call of Duty publisher Activision Blizzard, employees at the company don’t feel like it’s made the necessary changes and have created a worker committee to demand further reforms. Chief among them...
Government of Uruguay Presents Campaign Against Crypto Scams
24.5.2022
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds...
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act
23.5.2022
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million. Bitmex’s Arthur...
The Dept. of Commerce has 17 questions to help develop a crypto framework
19.5.2022
The DoC’s series of 17 questions is set to be published on May 19 and asks for comments from the public that will inform the department’s creation of a regulatory framework for crypto businesses
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions
18.5.2022
The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual...
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
16.5.2022
An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown
16.5.2022
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high...
Mass Shooting Apparently Planned On Discord, Streamed On Twitch, Investigated As Hate Crime
15.5.2022
Tragedy struck New York on May 14 as an 18-year-old white male shot and killed at least 10 people in Buffalo, New York, police said. The shooter, whose online username is reportedly “jimboboiii”, has been taken into custody after live streaming the whole thing on gaming platform Twitch, the company...
Activision Blizzard's New Diversity Game Tool Comes Across Terribly
14.5.2022
Today Activision Blizzard fulfilled its daily oopsie quota by blogging about how the publisher’s subsidiaries have apparently been using a special tool to help develop more “diverse” characters. It apparently thinks it can accomplish this without, I don’t know, actually talking to or hiring...
Nintendo Still Silent On Workplace Allegations Despite Acknowledging Them Internally
12.5.2022
It’s been nearly a month since a former employee filed a National Labor Relations Board complaint against Nintendo alleging surveillance, coercion, and retaliation. Outside of an initial statement denying the company engaged in union-busting, the house of Mario has remained publicly silent in...
SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder
9.5.2022
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice...
US Treasury Sanctions First Crypto Mixer
8.5.2022
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury...
US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts
7.5.2022
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which...
US Officials Add North Korea-Linked Bitcoin Mixer, More ETH Addresses to Sanctions List
6.5.2022
Activision Has The Population Of A Small Town Working On Call Of Duty Games
6.5.2022
The Call of Duty machine can never stop. It must endlessly push forward, through lawsuits, controversies, and layoffs. To stop would mean…well, we don’t know, because it never has. And to help keep the machine going, Activision now has over 3,000 human souls working tirelessly on the publisher’s...
Elizabeth Warren Echoes Labor Department Concerns About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans
5.5.2022
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
Now New York City Is Suing Activision Blizzard
4.5.2022
Activision Blizzard is facing (what feels like) its 8,583,129th lawsuit, as first reported by Axios. This one’s from New York City, and alleges that longtime CEO Bobby Kotick raced to find a buyer for the mega-publisher he has been leading for 30 years to explicitly avoid consequences for turning...
Bitcoin of America Launches New Website and Blog
3.5.2022
PRESS RELEASE. Bitcoin of America has officially launched a newly redesigned website and blog. The popular operator has created an all-new modern design that features their services. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United...