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Huione Group, the Cambodia-based conglomerate that the U.S. Treasury Department wants to cut out of the U.S. financial system, received $98 billion worth of crypto since 2014 through illicit schemes like money laundering, pig butchering and online scams, according to blockchain security firm Elliptic. The company, which has links to the Asian country’s ruling Hun family, runs a Telegram-based marketplace where users can purchase personal data, money laundering services and even electric shackles intended for use on human beings. “Huione Group has come under intense scrutiny this week, with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) identifying the Cambodia-based…

As the Dubai Token2049 conference concludes, one key takeaway is that the narrative around bitcoin (BTC) is swiftly expanding beyond its traditional role as a store of value to a potential DeFi asset competing with Ethereum and Solana. Prominent industry players like Franklin Templeton view this development as a positive step, confident it will enhance bitcoin’s utility without diluting its core appeal as a store of value as purists or maximalists fear. “I don’t think focusing on Bitcoin DeFi will dilute or complicate Bitcoin’s core narrative,” Kevin Farrelly, managing principal of blockchain venture capital at Franklin Templeton and VP of…

Illustration: da-kuk (Getty Images) MGX, a fund backed by Abu Dhabi, will make a $2 billion investment in the cryptocurrency exchange Binance Holdings Ltd using a digital coin developed by a Trump family firm. President Donald Trump’s son Eric announced on Thursday that the USD1 stablecoin, developed by his family’s World Liberty Financial, will be the official stablecoin backing MGX’s investment in crypto exchange Binance. The deal with the foreign government is expected to generate hundreds of millions of dollars for the Trump family. Stablecoins are cryptocurrencies that aim to maintain a one-to-one value with a less volatile asset like…

Maskot | Maskot | Getty ImagesThe IRS on Thursday unveiled 2026 contribution limits for health savings accounts, or HSAs, which offer triple-tax benefits for medical expenses.Starting in 2026, the new HSA contribution limit will be $4,400 for self-only health coverage, the IRS announced Thursday. That’s up from $4,300 in 2025, based on inflation adjustments.Meanwhile, the new limit for savers with family coverage will jump to $8,750, up from $8,550 in 2025, according to the update.   More from Personal Finance:There’s a new ‘super funding’ limit for some 401(k) savers in 2025This 401(k) feature can kick-start tax-free retirement savingsGold ETF investors may…

Some key opinion leaders in crypto think Bitcoin is going to hit $1 million by 2028. Their estimates aren’t as outlandish as they may seem at first glance. It’s easy for investors to get exposure to the underlying trend here. At the Token2049 cryptocurrency conference in Dubai on April 30, Arthur Hayes, the co-founder of the crypto exchange BitMEX, made a bold prediction about the future of Bitcoin (CRYPTO: BTC). “Don’t worry,” Hayes said, “Bitcoin is going to $1 million by 2028.” He isn’t the only big figure in crypto to make similar predictions, give or take a couple of…

The freelance economy has undergone a seismic shift in recent years, with cryptocurrencies emerging as a preferred payment method for many independent workers. Check Out: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You Try This: The New Retirement Problem Boomers Are Facing As traditional financial systems grapple with high fees, slow processing times and currency volatility, freelancers like Atikh Bana, co-founder of Acctual, are turning to crypto to streamline their workflows and protect their earnings. For freelancers in emerging markets, traditional banking systems often impose burdensome costs. Bana noted that transaction fees in some regions range from 5%…

Crypto payments firm Mesh has announced an integration with Apple Pay that will enable merchants to accept cryptocurrency payments directly through Apple Pay. Scheduled for release later in Q2, this integration will facilitate crypto transactions for Mesh’s partner merchants without their own crypto infrastructure. The Apple Pay integration is powered by Mesh’s SmartFunding technology, which allows customers to pay with cryptocurrencies like BTC, ETH, or SOL. Merchants can then settle these payments in the stablecoin of their choice, including USDC, USDT, PYUSD, and others. This technology claims to simplify the transaction process, with users selecting Apple Pay at checkout, authenticating…

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts. Charles Schwab (SCHW) wants its piece of the crypto trading pie. “There’s lots of ways for clients to get invested in crypto at Schwab. And we provide lots of insights and education around crypto,” Charles Schwab CEO Rick Wurster told me on Yahoo Finance’s Opening Bid podcast (video above; listen in below). “We are going to add spot crypto trading in the next 12 months. We’re going to focus initially on bitcoin and ethereum. It’ll be on our Thinkorswim platform…

Richvintage | E+ | Getty ImagesIf you’re an older investor and eager to save more for retirement, there’s a big 401(k) change for 2025 that could help boost your portfolio, experts say.Americans expect they will need $1.26 million to retire comfortably, and more than half expect to outlive their savings, according to a Northwestern Mutual survey, which polled more than 4,600 adults in January.But starting this year, some older workers can leverage a 401(k) “super funding” opportunity to help them catch up, Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida, previously told…

By Tommy Reggiori Wilkes LONDON (Reuters) -Britain is to restrict consumers’ use of credit cards to buy crypto and their access to crypto lending products, the regulator said on Friday, a move aimed at improving protection as cryptoassets are regulated for the first time. The finance ministry this week said it would bring cryptocurrencies under compulsory regulation, with exchanges, dealers and issuers all coming under the existing rulebook. Crypto trading has exploded in popularity, with around 7 million people – about 12% of the adult population – owning cryptoassets, but it remains largely unregulated, the Financial Conduct Authority (FCA) said.…