Latest news with #DigitalAssets
UPI
5 days ago
- Business
- UPI
Trump withdraws Biden-era policy on warning against cryptocurrency 401(k) retirement investing
1 of 2 | The policy shift arrived as U.S. President Donald Trump (seen March 7 at a Digital Assets (Crypto) Summit at the White House in Washington, D.C.) has enthusiastically embraced the crypto world while the Trump's crypto wealth has ballooned on paper through his own meme coin and as his two eldest sons pursue other crypto-related business ventures amid calls for Ethics Investigations. File Photo by Chris Kleponis/UPI | License Photo May 28 (UPI) -- The Trump administration on Wednesday revoked Biden-era guidance on cryptocurrency-related 401 (k) plans and other digital assets. President Donald Trump's U.S. Labor Department withdrew full guidance put in place in 2022 by then-President Joe Biden's administration. It advised American companies to exercise "extreme care" prior to allowing crypto-related retirement investments as an option for employees. It cited "serious concern" over the level of negative exposure for investors given reports of "significant risks of fraud, theft and loss" and with crpyto linked to ISIS and other acts of international terrorism. Now, the department says it's "neither endorsing, nor disapproving of" employers who opt to add cryptocurrency to a list of 401 (k) investments, adding that Trump's policy change will extend to a "wide range" of other digital assets such as tokens, coins, crypto assets "and any derivatives thereof." On Wednesday, U.S. Labor Secretary Lori Chavez-DeRemer said the Biden White House attempted to "put their thumb on the scale" to discourage crypto investing. Trump's Labor Department said in a compliance assistance bulletin that prior to Biden's 2022 guidance, the department had "usually articulated a neutral approach to particular investment types and strategies." "We're making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats," the secretary posted to social media. It said a standard of "extreme care" cited by Biden's Labor Department was reportedly "not found" in the Employee Retirement Income Security Act, or ERISA, which gives a fiduciary duty to employers that oversee 401(k) investments. "In reality, it's saying we should treat crypto like any other asset," Philip Chao, a certified financial planner and retirement investment consultant, told CNBC. The shift arrived as the White House has exuberantly embraced the crypto industry while the president's crypto wealth has ballooned on paper through his own meme coin and as his two eldest sons pursue other crypto-related business ventures amid calls for ethics investigations. Last month, the U.S. Department of Justice ended its National Cryptocurrency Enforcement Team and redirected focus away from targeting crypto fraud. Deputy Attorney General Todd Blanche said DOJ will "no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets" as Trump allegedly has "actual regulators do this work outside the punitive criminal justice framework." On Tuesday, Trump's Truth Social platform announced its plans to establish a $2.5 billion "bitcoin Treasury." Meanwhile, Vice President JD Vance was scheduled Wednesday to deliver a keynote address at a bitcoin conference in Las Vegas. Chao, founder of Experiential Wealth in Cabin John, Md., says crypto is "such a new thing and there's no regulation or protection, even a reasonable understanding of it." "And there still isn't enough," Chao stated.
Yahoo
26-05-2025
- Business
- Yahoo
Generative Search Visibility Gives Businesses an Edge in AI Search
Built by Frank Masotti, Generative Search Visibility is a groundbreaking done-for-you service that helps businesses get discovered in AI Overviews and AI responses. Tucson AZ , May 26, 2025 (GLOBE NEWSWIRE) -- As large language models (LLMs) quickly become the main source for consumer recommendations and decision-making, businesses struggle to stay visible. With natural-language AI queries replacing traditional search engines, inclusion in AI Overviews and AI responses is the new front line for brand discoverability, where being part of the answer matters more than ranking on a results page. To address this dramatic shift, digital strategist Frank Masotti has launched Generative Search Visibility (GSV), a done-for-you system designed to help companies appear in AI search results. At the heart of GSV are the Generative Search Visibility Deliverables—a suite of digital assets built specifically to surface in AI Overviews and AI responses, offering businesses a powerful new way to stay relevant and competitive in an AI-driven world. Generative Search Visibility 'Traditional SEO just doesn't cut it anymore,' said Masotti. 'With AI-generated answers taking over, it's way more important to show up in AI responses than on a search results page. That's exactly why we built this system—to help businesses stay visible in this new landscape.' Each client that signs up receives a full range of digital assets, including a clean, search-ready domain registered under Masotti's name, a custom-built website hosted on a private platform, and branded accounts on major social media channels such as Facebook, X, and YouTube. Clients are also granted access to a professional AI video creation account—just like the one Masotti's team uses—enabling fast, professional video content creation with minimal effort. All assets are purpose-built to surface across the most popular LLMs, where most competitors remain completely invisible. The structure of the program emphasizes transparency and ownership. If a client decides to discontinue the service, all assets, including the domain, website (excluding proprietary plugins), social media credentials, and video creation accounts, are transferred to the client without restriction or ongoing obligation. The Generative Search Visibility Deliverables system is priced at $5,000 for setup and $5,000 per month for execution. However, in a limited-time early bird offer, the next five businesses to sign up will receive $2,000 off both setup and monthly fees for life. That means they will pay just $3,000 for setup and $3,000 per month—permanently. To learn more about Generative Search Visibility and how it helps businesses get discovered in LLMs, visit About Generative Search Visibility Generative Search Visibility (GSV) is a breakthrough visibility system created by digital strategist Frank Masotti to help businesses get recognized by popular LLMs. Instead of focusing on traditional search rankings, GSV creates and manages digital assets optimized for inclusion in AI Overviews and AI responses. The system offers a fully managed, transferable solution that ensures businesses can compete where it matters most—within the answers generated by AI. ### Media Contact Generative Search Visibility Address: 12621 N Tatum Blvd #2057, Phoenix, AZ 85032 Phone: (520) 820-6555 Website: Disclaimer This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. Any statements in this press release about expectations, beliefs, plans, projections, forecasts, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "may," "will," "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," "predict," "potential," "opportunity" and similar words or phrases or the negatives of these words or phrases. You should read statements that contain these words carefully. The forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Various factors could cause actual events, results or performance to differ materially from those predicted in the forward-looking statements, including changes in general economic, business and political conditions, changes in the competitive landscape, regulatory initiatives and compliance with governmental regulations, and other factors not currently known or foreseeable. We undertake no obligation to update or revise any forward-looking statements included in this press release if our expectations or situations change, except as may be required by applicable laws. Please consult our Generative Search Visibility for additional information and disclosures regarding the matters covered in this press release.
Yahoo
24-05-2025
- Business
- Yahoo
Why Solana, Avalanche, and Cardano Are Skyrocketing Today
Solana, Avalanche, and Cardano continue to benefit from a broad-based rally bringing most cryptocurrencies higher of late. However, these projects also have their own unique catalysts that are worth considering. Here are a few of the major partnerships and network updates that appear to driving today's price action, at least in part. 10 stocks we like better than Solana › It's starting to feel a lot like 2021 again, at least for cryptocurrency investors. The broad-based market rally in digital assets is continuing, with Solana (CRYPTO: SOL), Avalanche (CRYPTO: AVAX), and Cardano (CRYPTO: ADA) among today's biggest winners. As of 2:45 p.m. ET, these three tokens have surged 5%, 11.3%, and 5.7% respectively since 4 p.m. ET yesterday. These moves come as the world's largest cryptocurrency, Bitcoin, continues to march higher, recently breaking through the $110,000 level. Thus, this market rally can certainly be perceived as one that's not only top-down (Solana, Avalanche, and Cardano are all top-15 tokens by market capitalization), but it's pervasive as well, with tokens of varying sizes also outperforming equities and other risk assets right now. With that said, let's dive into some of the token-specific catalysts taking these three cryptos higher today. For investors in these top-tier crypto networks, fundamentals matter. Not in the conventional sense, as is the case with stocks -- crypto networks like Solana, Avalanche, and Cardano don't necessarily have revenue, earnings, and cash flow for valuation purposes. But there are key growth metrics for investors looking to place a value on the ecosystems they're interested in, from daily active users, to wallets holding these tokens, to overall transaction activity. Solana, Avalanche, and Cardano have seen strong growth over the years on these key metrics, driven in part by the willingness of the developer teams behind the scenes to work with outside companies and industries to grow their reach. Solana's recent partnership with R3, a U.K. developer of blockchain technology for a range of traditional financial institutions, is a great example of such a growth strategy. This partnership, announced today, could provide a meaningful growth engine for Solana investors over the long term. Avalance and Cardano have seen their own similar catalysts form in recent days as well. For Avalanche, a move from FIFA to team up with the leading decentralized blockchain ecosystem does appear to have spurred additional investor interest in the highly scalable network. The overarching goal with this partnership appears to be to build on top of FIFA's previous moves into the non-fungible token (NFT) market, targeting Avalanche as a key partner in this endeavor. And for Cardano, investors appear to be bracing for some news around partnerships and network development from the team's upcoming representation at the GITEX Europe 2025 conference in Berlin this week. We'll have to see what sort of major announcements come out of this event, but I wouldn't be surprised to see some material updates over the next day or two on partnerships/development work that's ongoing. It's been quite a few weeks for crypto investors, with many seeing their portfolios push back into the green. This rally is certainly enticing for investors who believe that risk-on sentiment will continue, though we are seeing some macro deterioration in the bond and equity markets investors will certainly be watching closely. That said, these three projects are among the best large-scale options for investors looking for blockchain exposure. For those bullish on this sector, these are three tokens I'd think about holding, particularly if new highs are in order across the board. Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Chris MacDonald has positions in Solana. The Motley Fool has positions in and recommends Avalanche, Bitcoin, Cardano, and Solana. The Motley Fool has a disclosure policy. Why Solana, Avalanche, and Cardano Are Skyrocketing Today was originally published by The Motley Fool
Yahoo
06-05-2025
- Business
- Yahoo
VanEck files for first-ever BNB ETF
VanEck, the $116 billion asset manager, has filed for a BNB ETF, officially signaling more interest among institutions in Binance-linked assets. The registration statement, submitted to the U.S. Securities and Exchange Commission as a Form S-1 on May 2, 2025, details VanEck's plans to offer shares in the ETF to U.S. investors with exposure to BNB and regulated by the Securities and Exchange Commission, without having to purchase or hold the digital asset directly. It is backed by mainstream finance. The filing identifies the issuer as VanEck Digital Assets, LLC, and its legal representation as Clifford Chance US LLP, suggesting some heavy institutional muscle behind the product. VanEck is not new to digital asset investment. The firm already provides its array of crypto exchange-traded products (ETPs) and ETNs in Europe, which include exposure to leading assets such as Bitcoin, Ethereum, and Solana. These products offer passive exposure and are traded on leading European exchanges with access to all institutional and retail investors without access to the underlying token or the technical storage solutions like wallets. VanEck is a leading company in the crypto investment product industry in the U.S. and globally. In the United States, it has an Ethereum Strategy ETF (EFUT) that offers exposure to Ethereum futures. The SEC is currently reviewing the company's Solana Trust, which it registered in June 2024. The VanEck Bitcoin ETF (HODL), launched on Jan 4, 2024, is already a big player in the U.S. market for spot Bitcoin ETFs. The fund was $1.42 billion in total net assets, and its NAV was $27.45 as of May 2, 2025. The fund has a year-to-date return of 3.54%, which confirms that there is consistent investor interest despite ongoing market turmoil. At press time, Binance Coin (BNB) is trading at $593.50, up by 0.75% in the last 24 hours.
Khaleej Times
24-04-2025
- Business
- Khaleej Times
Hub71 records $2.17 billion in startup funding as Abu Dhabi rises among global tech hubs
Hub71, Abu Dhabi's global tech ecosystem, on Thursday announced that in 2024, startups within its purview secured a record $2.17 billion (Dh8.02 billion) in funding; a 44.7% year-on-year increase from $1.5 billion in 2023. Revenue generated by startups also climbed to $1.2 billion, up from $1 billion the previous year. During the year, Hub71 received over 3,100 applications from entrepreneurs representing more than 20 countries, highlighting the growing global appetite to build from the UAE capital. Of the 46 startups selected, approximately over 70% came from international markets, with more than half in the Seed or Series A stages. Startups from the US, UK and Germany, made up nearly 63% of Cohort 16, cementing the city's reputation as a gateway between established tech hubs and high-growth emerging markets. Ahmad Ali Alwan, chief executive officer of Hub71, said: 'Hub71 began as an ambitious idea to enable founders to build from Abu Dhabi. That idea has since grown into a thriving community of entrepreneurs, investors, and partners working together to drive lasting impact. The progress captured in this report reflects the strength of our ecosystem and the trust placed in us by those who believe in Abu Dhabi's long-term potential. As we look ahead, our focus remains on empowering founders and positioning Abu Dhabi as a global hub for technology and innovation.' Hub71's momentum mirrors Abu Dhabi's growing status on the global startup map. According to the 2024 Global Startup Ecosystem Report, the emirate is the fastest-growing emerging startup ecosystem in Mena, with its ecosystem value rising 28% to $4.2 billion between mid-2021 and end-2023. StartupBlink's 2024 rankings placed Abu Dhabi sixth regionally and second in the UAE, reinforcing its rising global profile. Much of this rapid growth has been fueled by Hub71, which is driving sector-wide transformation through its specialist ecosystems. Hub71+ Digital Assets, Hub71+ ClimateTech, and the newly launched Hub71+ AI are attracting startups that are developing impactful solutions to some of the world's most pressing challenges. Startups in the Digital Assets programme alone have raised more than $100 million, while partnerships with global tech leaders like Google, NVIDIA, Solana, Hashed and AWS are accelerating innovation across Web3, AI, renewable energy, and deep tech. This sector-driven approach is also contributing to the development of Abu Dhabi's strategic economic clusters. From enabling breakthroughs in smart mobility through the SAVI cluster, to advancing sustainable agriculture and food security via the AGWA cluster, Hub71 is playing an active role in positioning Abu Dhabi as a global center for innovation across critical industries. Funding networks expand, angel capital activates Capital access remains a central pillar of Hub71's strategy. In 2024, capital partners deployed $65 million into its startup community. The global tech ecosystem welcomed new investors, including Princeville Capital, The Catalyst, and Golden Gate Ventures. Meanwhile, Tech Barza, Hub71's exclusive capital club for family offices, recorded its first startup deal and a 10% increase in membership. To unlock early-stage capital, Hub71 launched the Angel Investor Support Package empowering five new angel networks, including Falcon Valley and Qora71, to facilitate more early-stage ticket investments, thereby accelerating the growth and scalability of startups within the Abu Dhabi ecosystem. Strategic partnerships Beyond funding, strategic partnerships remain a key pillar of Hub71's value proposition, playing a critical role in helping startups gain traction. In 2024, startups signed 91 corporate deals with government and private sector partners worth $28 million, accelerating their ability to scale and commercialize their solutions. Programmes like the Regulatory Sandbox, co-developed with the Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi Mobility, and the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), enabled startups to pilot cutting-edge technologies in sectors such as smart mobility, digital health, food innovation, and alternative proteins. Startup successes In a year marked by an evolving funding environment, Hub71 startups captured investor attention with landmark raises that signal both global relevance and real-world impact. FinTech startup FlapKap, raised $34 million in pre-Series A funding to expand its AI-driven lending solutions across the GCC. ClimateTech pioneer 44.01 secured $37 million in Series A funding to scale its CO₂ mineralisation technology that transforms captured emissions into rock, contributing to global decarbonisation. Meanwhile, HealthTech innovator BioSapien closed a $5.5 million pre-Series A round to accelerate clinical trials of its MediChip, a 3D-printed implant that delivers localized cancer treatment with minimal side effects. Today, Hub71 is home to a vibrant community of founders building high-impact startups that address global challenges and unlock new markets; driven by access to capital, expert support and sector-specific expertise to attract top talent and fuel Abu Dhabi's innovation agenda.
