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Bitwise CIO Says AI and Precious Metals Helped Spark Bitcoin Downturn, And Several Catalysts Could ‘Turn Things Around’
Bitcoin (BTC) is now nearly 50% below its all-time high set four months ago. And according to Bitwise Chief Investment Officer Matt Hougan, there is “never a single reason why the crypto market fall...

Wells Fargo Refuses To Cash, Reject, Return $10,000 Check Deposited at ATM, Placing Customer’s Funds in Limbo for Weeks: Report
Wells Fargo declined to cash, reject or return a check worth thousands of dollars to a customer who waited weeks without a response, according to a new report. Southern California resident Marylinn Lo...

Scammers Extract $6,000,000 From Hundreds of Americans in Massive Inheritance Fraud Scheme: DOJ
A Nigerian national spearheaded an inheritance scheme that drained more than $6 million from hundreds of Americans, according to the U.S. Department of Justice. Prosecutors say 44-year-old Tochukwu Al...

AI Worries Erase $1 Trillion From Big Tech Firms
Is artificial intelligence going to disrupt broad swaths of the economy? Or are tech giants like Amazon, Google and Meta funneling hundreds of billions into the sector with no sign of results? ...

Fraud Ring Allegedly Drains $55,000,000 From Seniors in Nationwide ‘Gold Bar Scam’ – Why Authorities Are Raiding Jewelry Stores in Texas
Authorities in Texas say they’ve uncovered a nationwide scam that’s drained $55 million from hundreds of elderly victims. Federal, state and local officers just raided two jewelry stores in Irving...

Los Angeles Charity Director Accused of Stealing $10,000,000, Spending Funds for Homeless on Lavish Lifestyle
The director of a Los Angeles-based charity is accused of stealing at least $10 million from a trove of cash that was meant to help the homeless. The U.S. Department of Justice says 42-year-old Abunda...

Hackers Hit Android and iPhone Users’ Bank Accounts, Launch Mobile Spyware Platform Triggering Total Device Takeover
Hackers have launched a sophisticated mobile spyware platform that triggers a total compromise of Android and iOS devices. Researchers at iVerify say the platform is called ZeroDayRAT and is currently...

Wells Fargo Handing $56,850,000 To Customers After Allegedly Sending Botched Reports To Credit Agencies
Wells Fargo has agreed to pay $56.85 million to settle a class action lawsuit accusing the bank of sending erroneous reports to credit agencies. The lawsuit accuses the bank of wrongfully reporting mo...

US Credit Card Debt Shatters $1,280,000,000,000 As Goldman Sachs Warns Americans Facing ‘Affordability Problem’
US credit card debt is mounting as banking giant Goldman Sachs warns Americans are facing an affordability crisis. New data from the Federal Reserve Bank of New York shows American credit card debt in...

Bank’s Anti-Fraud Agent Steals Customers’ Identities, Drains $2,000,000 From Victims’ Accounts
A US bank employee hired to protect people from fraud ended up stealing $2 million from customers, according to the U.S. Department of Justice. The DOJ says 36-year-old Chinese national Yue Cao used h...

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