FinTech
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Key Points Rana Robillard, chief people officer at software startup Tekion, was tricked into sending her life savings to a criminal. What happened to Robillard, a 25-year veteran of tech companies, speaks to the increasingly sophisticated nature of cybercrime. Real estate, with its large transaction sizes and frequent use of wire transfers, has proven to […]
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CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers
Key Points The Consumer Financial Protection Bureau proposed a rule that would label paycheck advance programs as loans, if users are charged a fee. These programs are sometimes known as earned wage access, daily pay, instant pay, accrued wage access, same-day pay and on-demand pay. Under the proposed rule, users would see fees expressed as […]
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Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | Reuters Former President Donald Trump will headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is going for $844,600 per person. According to an […]
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Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas. Robert Daemmrich | Corbis | Getty Images Just off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping point along a cross-country cattle trail in […]
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Ethereum co-founder warns against voting only on ‘pro-crypto,’ a day after a16z founders support Trump
Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a “pro-crypto” stance. “The game of politics is much more complicated than just ‘who wins the next election’, and there are a lot of levers that your words and actions affect,” Buterin wrote in a blog […]
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Labour’s gains in London have private equity looking to exit — the country
A view of the Palace of Westminster with Big Ben a day before General Election, in London on July 3, 2024. Nurphoto | Nurphoto | Getty Images LONDON — With the British parliament back from recess, the UK’s Labour Party will start working to push through aggressive changes, including controversial proposals that would force the […]
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Crypto stocks like Coinbase and Microstrategy soar, mirroring rally in bitcoin
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency […]
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Citigroup is about to report 2nd-quarter earnings
Crucial Points Citigroup was just this week rebuked for failing to handle its regulatory shortfalls, so analysts will be keen to inquire CEO Jane Fraser about her long-running efforts to tackle the concern. Very last year, Fraser announced strategies to simplify the management composition and lower fees at the 3rd-major U.S. bank by assets. But […]
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Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress piecing together account information for stranded customers that could […]
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The German government owns close to $2 billion in bitcoin — and it is really freaking out crypto buyers
Bitcoin has also been underneath advertising strain from the German federal government as very well as collapsed bitcoin trade Mt. Gox. Cfoto | Long term Publishing | Getty Images For months now, Germany’s federal government has been marketing hundreds of tens of millions of dollars truly worth of bitcoin — and it’s been a critical […]
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