Retirement service provider sues US Labor Department over crypto guidance

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A retirement savings service provider, ForUsAll, is suing the U.S. Department of Labor over recent guidance issued to fund managers and companies that offer 401(k) holders the option to invest in crypto-assets, The Wall Street Journal reported. The San Francisco-based administrator … Read more

El Salvador’s over $100 million Bitcoin purchase is now worth $66 million

El Salvador’s Bitcoin (BTC) investment is performing poorly, with the value of the more than 2,000 units it holds falling by about $40 million. The decline in value results from Bitcoin falling to its lowest price in more than a year due to the current market realities. El Salvador’s Bitcoin holdings in red El Salvador … Read more

US Court asks defunct crypto exchange to refund Bitcoin

A federal jury in Georgia has ordered now-defunct crypto exchange CampBX to refund the Bitcoin (BTC) it took from customers. The order comes more than four years after the exchange stopped operating, according to a WSBTV report. CampBX was the first crypto exchange in the U.S., with over 70,000 users trading Bitcoin on the exchange … Read more