Ernst & Young and Bank of America have agreed to pay $2.5 million to settle a class-action lawsuit stemming from a 2023 data breach involving the MOVEit file transfer service. The settlement resolves allegations that the companies failed to adequately protect consumers’ personal information after a vulnerability in MOVEit Transfer was exploited. The security incident …
Category archives: Trending Crypto news
Scammers Drain $56,000 From Massachusetts Woman After Masquerading as Bank Employees
A Massachusetts woman lost $56,000 after scammers allegedly posed as employees of her bank and convinced her to transfer her savings into a supposed “safe account.” The 43-year-old Hingham resident told police that the scheme began around 6 p.m. when she received an unexpected call from someone claiming to work in her bank’s fraud department, …
Ray Dalio Warns of Looming US Debt Crisis and Urges Gold and Bitcoin Allocations
A prominent investor is urging people to shift away from bonds and toward gold and Bitcoin (BTC) to shield against a potential major US debt problem. Ray Dalio, founder of Bridgewater Associates, made the comments in a LinkedIn post published Friday, August 21st, 2026. He linked recent Treasury actions, including Secretary Scott Bessent’s announcement of …
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Dallas Man Allegedly Orchestrates Massive Bank Fraud, Obtains $40,000,000 From Texas Capital Bank, Happy State Bank and More
A Dallas businessman has been accused of using falsified financial records to obtain more than $40 million in loans, with prosecutors alleging the scheme defrauded banks and lenders of more than $20 million. Garrett Douglas Johnson, 41, was charged August 19th after a federal grand jury returned a six-count indictment accusing him of five counts …
Galaxy Research Analysis Flags Bitcoin 50-Week MA Reclaim as Bull Market Trigger
Fresh analysis of past Bitcoin (BTC) cycles is highlighting a key technical hurdle that could confirm the current bear market has ended. Galaxy Research says Bitcoin now trades at $78,114, already over 32% above the June 30th low, while the 50-week moving average (MA) sits at $82,470, about 6.4% overhead. The firm tested every completed …
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MiCA is coming for DeFi vaults, but regulation will be difficult
Brussels is reviewing whether crypto lending should fall under MiCA, but DeFi lending vaults are making it harder to determine who, exactly, should be regulated. MiCA left crypto lending outside its original rulebook — but now Brussels is considering whether to bring it in. On May 20, 2026, the European Commission asked stakeholders to weigh …
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TikTok To Pay $400,000,000 To Settle Allegations of Violating Children’s Privacy
TikTok is agreeing to pay $400 million to resolve allegations that it violated children’s online privacy laws under the Children’s Online Privacy Protection Act (COPPA). The agreement resolves claims that TikTok, ByteDance, and affiliated companies unlawfully collected children’s data and improperly allowed account creation, says the Justice Department. TikTok will pay $300 million immediately and …
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Caregiver Allegedly Drains $180,000 From 92-Year-Old Florida Woman’s Bank Accounts
An in-home caregiver has been arrested on multiple felony counts after allegedly siphoning more than $180,000 from a nearly 92-year-old client with significant vision impairment. Maryjean “Mary” Victoria Small, 26, worked through Concierge Care as an independent contractor for the victim in St. Johns County from early 2025 until mid-2026, reports News4JAX. She now faces …
UBS Global Wealth Management Boosts S&P 500 Year-End Target to 8,100 on Stronger Profit Outlook
US equities continue to draw upward revisions from major banks and institutional investors amid robust corporate earnings and economic resilience. The Swiss institution UBS Global Wealth Management now sees the S&P 500 (SPX) closing 2026 at 8,100, implying about 6% gains from recent levels near 7,674, reports Reuters. The wealth management division UBS points to …
Binance Theft Lawsuit Can Proceed In Federal Court, Appeals Panel Rules
A US appeals court has allowed a proposed Binance-related theft lawsuit to proceed in federal court, rejecting a lower-court order that had forced the plaintiffs into arbitration. The Eleventh Circuit issued an extraordinary writ of mandamus on August 19, directing the lower court to vacate its arbitration order. The panel found that the eight alleged …
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SEC Reg Crypto Proposal Starts 60-Day Federal Register Comment Clock
The SEC’s proposed “Regulation Crypto Assets” framework has been published in the Federal Register, starting a 60-day public comment period for one of the most closely watched crypto rulemaking efforts in the United States. The proposal, listed as File No. S7-2026-27, was published on August 21. Comments are due by October 20. The framework would …
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SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal
The SEC has opened a public comment period on Cboe BZX Exchange’s proposal to list six daily 3x leveraged Bitcoin and Ethereum futures ETFs. The proposal, filed under SR-CboeBZX-2026-065, would cover commodity-pool products sponsored by Volatility Shares. The funds would seek three times the daily performance of front-month and next-month CME Bitcoin and Ethereum futures …
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Hashdex Liquidates DEFI As First US Spot Bitcoin ETF Closure Arrives
Hashdex has begun liquidating its Hashdex Bitcoin ETF, ticker DEFI, marking the first closure of a US spot Bitcoin ETF since the category launched in 2024. The fund ceased trading on NYSE Arca on August 17. Hashdex cited low assets under management, high operating costs, and a small asset base of about $14.7 million as …
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Canary Files Fourth Staked TRX ETF Amendment With 1.10% Fee
Canary Capital has filed Amendment No. 4 to its registration statement for the Canary Staked TRX ETF, giving investors more detail on the proposed fund’s fee structure and staking approach. The filing, submitted on August 19, discloses a 1.10% management fee. It also outlines a staking strategy under which up to 90% of the trust’s …
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Criminals Posing As IT Support Staff Steal Thousands of Dollars From Elderly Rhode Island Woman: Report
Tech scammers have taken their schemes to a new level by arriving in person at an elderly victim’s residence after remotely accessing her computer and siphoning off thousands of dollars. The victim resides in North Kingstown, Rhode Island, reports WPRI. The woman, who has dementia, encountered a pop-up message on her device claiming police would …