News stories tagged Bitcoin

Marijuana & Bitcoin: Father and Son Caught Running $13M Empire from Starbucks

A father and son in Washington have been sentenced to five years in prison for running an illegal $13 million marijuana business alongside a lucrative Bitcoin-for-cash money laundering scheme. The...

Senators Demand Answers from Fidelity Over Plan to Allow Bitcoin As Part of 401(k) Accounts

Two senators are raising concerns following an announcement by Fidelity that it will allow customers to allocate bitcoin to their 401(k) retirement accounts. Sen. Elizabeth Warren (D-MA) and Sen. Tina...

BRIEFLY: Biden settles on Barr to lead bank regulator; OCC issues national charter for digital assets bank

(Jan. 22, 2021) President Biden has reportedly determined that Michael S. Barr – a former assistant Treasury secretary for financial institutions (a position that interfaces with credit unions and banks)...