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A Bank of America customer reportedly had hundreds of thousands of dollars drained from her account by a thief using a fake identity. Last month, Donna Nestler, a resident of Monticello, New York, allegedly stole $219,000 from her long-term friend’s Bank of America account using a fake identification card, reports the KMZU news radio station. According to an investigation by the Daviess County...
The best-selling personal finance author Robert Kiyosaki is warning of a massive market crash on the horizon. Kiyosaki tells his 2.8 million followers on the social media platform X that the “biggest crash in history” is coming soon. The author of the personal finance bestseller Rich Dad Poor Dad says the cause of the market crash is likely to be the high levels of debt the US has incurred so...
One official at a federal consumer protection agency is reportedly raising concerns over JPMorgan Chase’s plan to charge fintech fees for customers’ account data. An unnamed politically appointed official with the Consumer Financial Protection Bureau (CFPB) believes the agency’s efforts to kill in court an open banking rule enacted under former US President Biden may be giving JPMorgan Chase the...
A multi-billion-dollar bank is teaming up with the largest crypto exchange in the US to serve institutional investors. According to a new press release, PNC Bank announces it is partnering with Coinbase for both digital asset and traditional banking services. While Coinbase will assist PNC with their Crypto-as-a-Service (CaaS) model, allowing clients to buy and hold digital assets, PNC will...
Analytics firm Glassnode says that large Bitcoin investors are gobbling up BTC, fueling the crypto king’s ascent above $100,000. In a post on the social media platform X, Glassnode says that all major Bitcoin cohorts by wallet size are now back in “near-perfect” accumulation mode. The analytics firm released a Trend Accumulation Score chart by cohort, revealing that wallets holding less than one...
A widely followed crypto analyst says that one Dogecoin (DOGE) competitor may be on the verge of an explosive breakout. In a new strategy session, pseudonymous crypto trader Bluntz tells his 325,400 followers on the social media platform X that the dog-themed meme asset Floki (FLOKI) is printing a bullish triangle pattern. Bluntz is a practitioner of Elliott Wave theory, which aims to predict...
The sixth-largest bank in the US just announced a strategic partnership with Coinbase in a push to massively expand digital asset access for banking clients and institutional investors. PNC says it will allow customers to buy, hold and sell Bitcoin and crypto assets while also providing banking and treasury management services for Coinbase. In a press release, PNC says it will roll out an “...
Traditional banks want the US banking regulator to pump the brakes on approving charter applications from digital asset firms like Ripple, Circle and Fidelity. A group of banking and credit union lobbying associations wrote to directors of the Office of the Comptroller of the Currency (OCC) last week to comment on recent national bank charter applications from a slew of digital asset-adjacent...
The U.S. Federal Bureau of Investigation (FBI) is dropping its investigation into the well-known founder of crypto exchange Kraken, Jesse Powell. According to Fortune, new court documents submitted by Powell this week indicate that the Justice Department has completely stopped investigating the Kraken founder. When Powell’s home was raided by authorities two years ago, the Justice Department...
Hedge fund manager Cathie Wood has allocated $182 million in capital to a newly launched Ethereum (ETH) treasury company. According to ARK Invest’s fund page, the firm has invested in BitMine Immersion Technologies (BMNR), an Ethereum treasury company backed by billionaire Peter Thiel, with Fundstrat’s Tom Lee serving as chairman of the board of directors. The shares of BMNR that ARK purchased...