Bitcoin price support materialized around $68,000 as markets saw a 93% chance of the Fed hiking rates by 0.25% on Wednesday. Bitcoin (BTC) stayed near monthly lows at Wednesday’s Wall Street open as markets awaited the US Federal Reserve’s decision on interest rates. Key points: Read more Go to Source
Category archives: Trending Crypto news
Revolut ID thefts highlight KYC’s dangers: Here’s how to fix it
Zero-knowledge technology could let companies verify who you are without storing your identity documents. So why isn’t it already standard practice? The massive theft of more than 153 million US and Canadian driver’s licenses earlier this month should make one thing abundantly clear: the safest place for a copy of your driver’s license is nowhere …
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Warren Buffett’s Successor Dumps $1,700,000,000 Stake in Bank of America, Pours Cash Into Six Stocks
Berkshire Hathaway has sold another 30 million Bank of America shares, a stake worth about $1.7 billion. The moves show up in Berkshire’s latest 13F filing covering the second quarter, with Warren Buffett’s successor Greg Abel took continuing a years-long BofA selling spree. Berkshire now holds 483.4 million shares worth about $27.5 billion, with Bank of …
Former Georgia Nonprofit Employee Admits to Embezzling $96,713 Intended for Abused Children
A Georgia nonprofit that advocates for abused and neglected children has lost nearly $100,000 after a former employee admitted to stealing program money for personal use. Jennifer O’Neal of Cedartown pleaded guilty to a criminal information charging theft of federal program funds, according to the U.S. Attorney’s Office for the Northern District of Georgia. She …
Tyson, Hormel and Other Pork Producers Handing $117,000,000 To Shoppers In 24 States After Alleged Price-Fixing
Major pork producers are preparing to hand more than $117 million to shoppers who say they paid too much for bacon and other raw pork cuts. The proposed class settlement covers people who bought raw pork bacon or fresh or frozen cuts made from bellies, loins, shoulders, ribs or pork chops between June 28th of, …
Illegal Immigrant Admits To Orchestrating $25,000,000 Ponzi Scheme, Gets 11-Year Prison Sentence
A man who orchestrated a massive Ponzi scheme has admitted taking more than $25 million from investors. The DOJ says Siddharth Jawahar, an Indian national who has lived in the United States illegally since 2005, will serve an 11-year prison term plus three years of supervised release. Prosecutors say he took in more than $35 million …
Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
Bernstein said the federal agencies will publish new regulations to compensate for the time lost negotiating the CLARITY Act, after its cloture vote failed on Tuesday. Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act …
Circle launches Arc mainnet with USDC as native gas token
Circle’s Arc mainnet is live with USDC for transaction fees, support for more than 20 fiat stablecoins and links to over 20 blockchains. USDC issuer Circle has launched the mainnet of Arc, a layer-1 (L1) blockchain targeting stablecoin payments and financial markets, particularly agentic transactions. Arc uses USDC as its native gas asset and offers …
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Zcash holders back 25-second blocks, vote to keep ZEC halving schedule
Nearly 99% of ZEC holders voted to reduce block times to 25 seconds, while keeping ZEC issuance and halving schedules unchanged. Zcash token holders backed cutting the network’s target block time to 25 seconds from 75 seconds and preserving its existing halving schedule in a poll on the next major upgrade. The faster-block proposal received …
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Deutsche Bank awaits regulatory nod to launch institutional crypto custody solutions
Germany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets. Germany’s largest bank, Deutsche Bank, is awaiting regulatory approval to launch digital asset custody solutions for institutional clients and corporations in Europe. Deutsche Bank plans to go live with the offering for …
US Charges Two Ex-Robinhood Engineers With Fraud Over Crypto Listing Trades
Federal authorities are charging two former engineers at a major brokerage with misusing secret company information to trade cryptocurrency derivatives ahead of public announcements. The U.S. Department of Justice says the pair accessed nonpublic details about which tokens Robinhood Crypto planned to list and then bought perpetual futures on the decentralized exchange Hyperliquid before those …
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Kansas Credit Union Loan Officer Embezzles $171,000 With Fake Member Loans
A Kansas credit union loan officer has admitted to stealing more than $171,000 from his employer. The DOJ says Ricky Naovoravong, 39, of Garden City pleaded guilty to embezzlement by a credit union employee and was sentenced to 19 months in prison plus $207,920 in restitution. Naovoravong worked as a loan officer at Garden City …
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$60,000 Drained From Pennsylvania Senior’s Bank Account in Three-State Withdrawal Spree: Report
Fraudsters have drained nearly $60,000 from a senior citizen’s TD Bank checking account through cash withdrawals and a wire transfer spanning three states. Nether Providence Township police in Pennsylvania identified five suspects after reviewing bank records and branch surveillance video, reports Delco Times. The losses included five over-the-counter cash withdrawals totaling $58,600 and one wire …
U.S. Authorities Are Seeking Forfeiture of $61,000,000 in Cryptocurrency from Alleged Iranian Oil Smuggling
U.S. authorities are filing a civil forfeiture complaint targeting approximately $61 million in cryptocurrency tied to black-market sales of sanctioned Iranian crude oil and petroleum products. The U.S. Attorney’s Office says two Chinese companies, Blessed Trust and Hexa Whale, used trading accounts at Binance to launder the proceeds and funnel them to the Government of …
ECB seeks online merchants for 2027 digital euro pilot
Euro-area online and mobile merchants can apply until Oct. 27 to test beta digital euro payments in a 12-month pilot. The European Central Bank (ECB) is seeking online and mobile merchants to participate in a 12-month digital euro pilot expected to begin in the second half of 2027. On Tuesday, the ECB said e-commerce and …
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