Fidelity Investment, one of the largest financial management companies in the United States with over $8.3 trillion of assets under administration, will allow their investors to fund their 401(k) with Bitcoin.
Governor Newsom announced the State of California will make available $42 million to protect foster youth and families impacted by COVID-19. The foster care system has been heavily impacted by COVID-19 due to school closures and social isolation. Specifically, $27.8 million will be provided to help families stay together; nearly $7 million will support overtime and additional outreach by county social workers to foster family caregivers at higher risk of COVID-19; and $3 million will fund Family Resource Centers and provide direct support and services to foster families. Specific uses of the fund can be seen here; in short, the funds will be used to “[prevent] child abuse and neglect, strengthening children and families, and connecting families to an array of county support systems of care.”