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A PAKISTANI migrant worker has died while working on a new stadium, being built for the 2034 World Cup in Saudi Arabia, the Guardian reported. Muhammad Arshad fell to his death from an upper level during the construction of the Aramco Stadium in the city of Al-Khobar earlier this month. His is the first-known death of a migrant worker linked to construction for the 2034 World Cup, coming just three months after the Gulf kingdom was named the host of the tournament. Arshad’s death was confirmed by Besix Group, a Belgian construction multinational, whose subsidiary Six Construct is one of…

Bitcoin is an ideology, a protocol, an asset, and a commodity, Michael Saylor said. He added that Bitcoin is digital scarcity, digital gold, and digital money. Saylor shared his thoughts while giving a presentation of “21 truths of Bitcoin” at the Digital Assets Summit in New York on March 20. Saylor is the co-founder of MicroStrategy — now operating under the name “Strategy” (Nasdaq: MSTR/STRK) who is well-known for his bullish outlook on Bitcoin. He called the cryptocurrency immaculate, ethical, and legitimate at the summit. He added that Bitcoin is corporate, global, and immortal. The Strategy co-founder did not stop…

By Hannah Lang (Reuters) – The U.S. Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of helping launder more than $7 billion for North Korean and other cyber hackers. The Treasury Department’s Office of Foreign Assets Control blacklisted Tornado Cash in 2022 after concluding it was helping launder the proceeds of cyber crimes, including more than $455 million stolen by Lazarus, a North Korean government-backed hacking group. Six users of Tornado Cash – a cryptocurrency “mixer” that obscures the origins and recipients of transactions…

Over the past week, Bitcoin has fluctuated between $81K and $87K, even though interest rates are holding steady. Despite Trump’s pro-crypto stance and the launch of a U.S. Strategic Bitcoin Reserve, bitcoin’s price has stalled, primarily due to economic pressures like inflation and investor sell-offs. In the short term, volatility is still a factor, but big players like BlackRock and Fidelity are doubling down, and Bitcoin’s role in global trade and finance keeps growing. The long-term outlook is still bullish. Bitcoin is cementing itself as a significant financial asset, and those playing the long game stand to benefit the most.…

By Nate Raymond BOSTON (Reuters) – The founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the founder and CEO of cryptocurrency “market maker” Gotbit, and his company entered guilty pleas in federal court in Boston to charges that they conspired to commit market manipulation and committed wire fraud. The pleas by the Russian national and his company came less than a month after Andriunin, 26, was extradited from Portugal, where he had been…

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty ImagesStock market corrections are commonFirst, there is some consolation for investors. Though they may feel painful, stock market corrections are fairly common.There have been 27 market corrections since November 1974, including last week’s market move, according to Mark Riepe, head of the Schwab Center for Financial Research. That amounts to roughly one every two years or so, on average.Most of them haven’t cascaded into something more sinister. Just six of those corrections became “bear markets” (in 1980, 1987, 2000, 2007, 2020…

Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets, said that if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered. Hines made the remark while speaking to journalists Eleanor Terrett and Jacquelyn Melinek in an interview on March 21. Note that President Trump signed an Executive Order on March 6 to establish a Strategic Bitcoin Reserve consisting of BTC forfeited by federal agencies. The order also mentioned that the government will acquire any Bitcoin in the future through “budget-neutral” ways. During the interview,…

A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesA federal judge has temporarily blocked the Trump administration’s Department of Government Efficiency from accessing personal data at the Social Security Administration. In comments after the ruling, the agency’s acting commissioner Lee Dudek told Bloomberg that it may interfere with the SSA’s services.The Social Security Administration sends millions of benefit checks per month to retirement and disability program beneficiaries, both through Social Security and Supplemental Security Income.Judge Ellen Lipton Hollander on Thursday…

David Sacks, the United States Special Advisor on Artificial Intelligence and Cryptocurrency, met recently with Sheikh Mohamed bin Zayed bin Sultan Al Nahyan, the ruler of Abu Dhabi. On March 21, Sultan Al Nahyan, often referred to as MbZ, posted on X a picture of him meeting with Sacks, saying, “I explored with @davidsacks47, the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their convergence.” He added “As technological advancements accelerate, fostering collaboration and adopting forward-looking strategies…

U.S. President Donald Trump delivers remarks with Defense Secretary Pete Hegseth (not pictured) in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | ReutersPresident Donald Trump said Friday that the Small Business Administration, instead of the U.S. Department of Education, would handle the country’s federal student loan portfolio.”We have a portfolio that is very large, lots of loans, tens of thousands of loans, pretty complicated deal,” Trump said, speaking to reporters in the Oval Office. “That’s coming out of the Department of Education immediately.””They’re all set for it,” the president said of the…