The major financial services provider launched Digital Asset Accounts on Tuesday, allowing account holders to have a portion of their retirement savings allocated to bitcoin.
Besides MicroStrategy, the option will be broadly available for employers to add to its 401 plans by the middle of this year, Fidelity said in its announcement.
The department warned companies considering this option of cryptocurrencies’ “extreme price volatility” and “significant risks of fraud, theft, and loss.” Some of the department’s other concerns include lack of investment knowledge from plan participants, record-keeping concerns, and the accuracy of the valuation of cryptocurrency.
Rowe Price said in August that the mandates it manages for its clients “do not currently appear well suited for investing in cryptocurrencies, especially given the extraordinary level of speculation and volatility in many crypto markets,” though the firm will continue to research it.
The move comes after a weekend of negotiations between Twitter and Musk, who had just gotten the funding needed to buy the company last week.
Elon Musk is finding ways to keep busy while he waits on the Twitter board to weigh his offer to buy the company.
Meta is going retail: The company is getting ready to open its first Meta Store in Burlingame on May 9.
Honda is working on three new electric vehicle platforms with the goal of getting small, medium and large EVs on the road by 2030.
And like many Elon Musk tweets, it wasn’t immediately clear if it was something to take seriously.
And now, they want Twitter to keep a paper trail of Musk’s attempt to take it over.
It predicts that tech firms will reach nearly 33% female representation in 2022, up more than two percentage points from 2019.
In an op-ed published in The Guardian on Friday, he said he’s worried the venerable space agency is basically turning into “an ATM machine” to facilitate the space race between Blue Origin and SpaceX.