A man living in Phoenix, Arizona is heading to prison after allegedly using fraudulent accounts at JPMorgan Chase, Wells Fargo, Bank of America and BBVA to launder millions of dollars. Investigators say US resident and Nigerian citizen Kingsley Ibhadore stole nearly $3 million in a romance scheme targeting multiple women, reports FOX 10 Phoenix. The …
Monthly archives: May 2025
Saudi Arabia Eschews Formal BRICS Membership To Avoid Antagonizing US: Report
The nation of Saudi Arabia is reportedly forgoing formal membership in the intercontinental economic alliance BRICS as a means of avoiding antagonizing the US. According to a new report by Reuters, two anonymous sources familiar with the matter say that Saudi Arabia – which was invited to BRICS in 2023 – is holding off on …
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Wells Fargo Raises Price Target on Billion-Dollar Company, Forecasts Firm’s Stock Will Soar by 52%: Report
Wells Fargo is updating its outlook on Uber (UBER), reportedly forecasting an explosive share price for the $173 billion ride-hailing company. In a new note to clients, Wells Fargo’s Ken Gawrelski and other analysts raise Uber’s price target to $100 from $90 and reiterate an overweight rating, reports Barron’s. The analysts also say Uber’s share …
BlackRock’s Bitcoin ETF posts $356 million inflows, marking the longest streak of 2025
BlackRock’s Bitcoin ETF has now posted 19 days of consecutive inflows, the longest inflow streak for the world’s asset manager this year. BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive …
Galaxy Digital approved for US domicile, clearing way for Nasdaq listing
Incorporating Galaxy Digital in the US state of Delaware is a key step toward obtaining a listing on the US-based Nasdaq stock exchange. Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company’s listing on the Nasdaq stock …
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UK to become ‘safe harbor’ for crypto with new draft rules — Experts
The UK has unveiled draft crypto rules that align digital assets with securities law, aiming to position the country as a “safe harbor.” On April 29, UK Finance Minister Rachel Reeves unveiled plans for a “comprehensive regulatory regime” aimed at making the country a global leader in digital assets. Under the proposed rules, crypto exchanges, …
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Bitcoin won’t see ‘gigantic’ SWF buying until laws greenlit — Scaramucci
Anthony Scaramucci says a “million dollar Bitcoin” will come down to a SWF saying, “Ok, this is part of the infrastructure of the world’s financial services.” Sovereign Wealth Funds are already gaining exposure to Bitcoin, but significant allocations won’t happen until the United States establishes clearer regulations for the digital assets industry, says SkyBridge founder …
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Bank of America Warns Consumer Spending Momentum Easing Across All Income Levels, Number of Households Receiving Unemployment Payments Growing
Consumer spending is slowing down across all income levels, according to the Bank of America’s research arm. The Bank of America Institute says consumer transactions and spending on unnecessary expenses have been waning since the beginning of the year. “The gradual easing in consumer spending momentum is not just due to lower inflation – the …
Ethereum Foundation distributed $32.6M grants to ecosystem in Q1
The Ethereum Foundation distributed $32.6 million in Q1 2025 grants to support education, ZK tech developer tools and the wider blockchain ecosystem. The Ethereum Foundation, the nonprofit that supports development across the Ethereum blockchain, distributed $32.6 million in grants in the first quarter of 2025. In an allocation update, the organization reported spending on various …
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UAE Fuel Provider Emarat Launches Crypto Payments With Crypto.com
Emarat, a leading fuel provider in the UAE, has partnered with Crypto.com to launch cryptocurrency payment services at 10 of its fuel stations. Emarat, Crypto.com Kick off Naming Rights Program for Fuel Stations In an announcement that further solidifies the United Arab Emirates (UAE)’s burgeoning reputation as a hub for financial innovation, the country’s prominent …
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Belo Horizonte to Become ‘Bitcoin Capital’ With New Bill
The city of Belo Horizonte has turned into a bitcoin capital after lawmakers passed a new bill that seeks to transform it into an innovation hub for crypto and bitcoin companies. The bill, which was passed on Wednesday amid a heated argument between lawmakers, establishes incentives for businesses to accept bitcoin as payment, offering to …
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Steak ’n Shake Goes Full Crypto — 100M Can Pay With Bitcoin Next Week
Steak ‘n Shake is unleashing bitcoin payments across all locations, unlocking crypto access for over 100 million customers and revolutionizing fast-food transactions forever. Steak ‘n Shake’s Massive Bitcoin Integration Starts Next Week Steak ‘n Shake announced on May 8 on social media platform X that it will begin accepting bitcoin as a form of payment …
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Arthur Hayes Says Crypto Bull Market Primed To Continue, Outlines Bitcoin Path to Seven-Figure Price
BitMEX co-founder Arthur Hayes is leaning bullish on Bitcoin (BTC) as surging liquidity conditions boost the value of the flagship crypto asset. In a new interview on the White Crypto YouTube channel, Hayes says an increase in the global money supply will act as a bullish catalyst for BTC and crypto. “I think it’s a …
413,032 Americans Affected As Major Data Breach Leaks Customer Names, Social Security Numbers, Financial Records and More
Hundreds of thousands of Americans are now at risk of identity theft and fraud after a major data breach at a human resources firm. In a new filing with the Office of the Maine Attorney General, Maryland-based Kelly Benefits says it has discovered a significant cybersecurity incident impacting 413,032 people. The company says an internal …
Bitcoin yet to hit $150K because outsiders are ghosting — Michael Saylor
Michael Saylor says those “less committed” to Bitcoin took the opportunity to exit the market after Bitcoin’s price surged. Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market. “I think we’re going …
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