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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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 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 …
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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Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization. Phemex CEO Federico Variola says AI has been a ‘net negative’ for crypto, despite the crypto exchange announcing an AI-focused transformation earlier this year. Speaking on Cointelegraph’s Chain Reaction, Variola said …
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Mutsamudu, Comoros, September 15, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its September 2026 Proof of Reserves (PoR) report, audited by Hacken, confirming that user assets remain fully backed across all major reserve assets. The BTC reserve ratio increased to 297%, up from 288% in August. MEXC continues to disclose …
The CLARITY Act could still be revived after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.
Scammers have drained a Wells Fargo customer’s accounts down to $13 after spoofing the bank’s real phone number on caller ID. Alisha Watford answered because the number on her screen matched the contact details in the bank’s app and website, reports WSFA. The Alabama resident says the caller claimed fraud had been flagged on her …
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The U.S. Senate has failed to advance the CLARITY Act. The measure failed to reach the necessary 60-vote threshold on a cloture motion that would have allowed debate on the legislation to move forward. Several key Democrats who had spent months negotiating the bill voted no. Veteran crypto and financial journalist Eleanor Terrett is tracking …
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A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins. Researchers at the Bank for International Settlements found that estimates of Bitcoin onchain transfer values can vary by as much as sixfold depending on how transactions are measured. The finding concerns onchain Bitcoin transfer values, …
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Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining. Crypto-linked stocks fell sharply on Tuesday after the US Senate failed to advance the CLARITY Act, with shares of Circle and Coinbase dropping about 10%. Bitcoin treasury companies were also hit, …
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Thousands are receiving millions in debt relief after Massachusetts prohibited a debt-buying shop from doing business in the state after accusing it of seizing cars to pressure payments. Attorney General Andrea Joy Campbell says a consent judgment with Judgment Acquisitions Unlimited, Champion Funding Inc., and owner Andrew Metcalf delivers about $52 million in relief to more …
A Michigan couple has won $136,660 after an accidental replay of the wrong Club Keno ticket during a night out. The mix-up happened after the pair each bought a ticket at a restaurant reunion and later stopped at another bar, reports UPI. The 78-year-old Washtenaw County woman said her husband replayed her Club Keno ticket …
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A Bank of England policy maker said digital dollars could expand access to the US currency while turning stablecoin issuers into bigger buyers of government debt. Carolyn Wilkins, a member of the Bank of England’s Financial Policy Committee, says the rise of stablecoins could reinforce the US dollar’s global dominance and increase demand for US …
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The crypto exchange is expanding its traditional finance offerings with 11 US-listed exchange-traded funds focused on US Treasurys and investment-grade bonds. Binance has launched a wealth management service offering access to 11 US-listed exchange-traded funds focused on short-term US Treasurys and investment-grade bonds. The new Binance Earn offering groups the ETFs into cash management, steady …
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