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US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets
The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of the lender’s total assets. The US banking regulator says it h...

Apple To Pay $95,000,000 To Settle Class Action Lawsuit Accusing Tech Giant of Spying on Users, Sharing Data Without Consent
Apple is preparing to pay $95 million to settle a five-year-old lawsuit that alleges the iPhone maker infringed on the p...

Crypto.com Exchange Secures ‘In-Principle’ MiCA License, Paving the Way for Full European Union Approval
The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework. Crypto.com bills itself as the “firs...

Thousands of Capital One Customers Unable To Access Money, Deposit Cash Amid Widespread Technical Issues
US lending giant Capital One says it’s working on a technical issue that’s preventing thousands of customers from accessing their money. The firm says a “technical issue experienced by a third-p...

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors
The U.S. Securities and Exchange Commission (SEC) is hitting venture capitalist firm Digital Currency Group (DCG) and a former executive of Genesis with a multimillion-dollar fine, claiming they misle...

JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report
New filings from JPMorgan Chase reveal how much money the biggest bank in the US is spending on legal battles. The bank’s new 8-K filings with the U.S. Securities and Exchange Commission show the fi...

Instagram Reels can be 3 minutes long now
Illustration by Kristen Radtke / The Verge Instagram will now let you upload Reels that are up to 3 minutes long, doubling the 90-second limit the platform had in place before, Instag...

Crypto Exchange WazirX Freezes $3,000,000 Worth of USDT Related to Last Year’s Massive $230,000,000 Hack
The Indian crypto exchange WazirX says it has frozen $3 million worth of the stablecoin USDT connected to the massive $230 million hack on its platform last year. WazirX says the freeze represents an ...

$111,000,000,000 in Unrealized Losses Could Hit Bank of America As 10-Year Treasury Yield Moves Higher: Report
Unrealized losses on Bank of America’s balance sheet are ballooning amid rising bond yields, according to a new report...

Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin
A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forwa...