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Banking giant JPMorgan Chase is accused of knowingly enabling an alleged Ponzi scheme targeting retail investors.
Plaintiff David Stapleton alleges the bank boosted an obvious fraudulent scheme orchestrated by Sanjeev Acharya, the CEO of Silicon Sage Builders, which resulted in significant financial losses for investors.
Stapleton says Acharya raised more than $119 million from 250 investors for...
A widely followed crypto analyst believes Bitcoin (BTC) could soar by triple digits before the cycle ends.
Crypto trader Michaël van de Poppe tells his 724,700 followers on the social media platform X that Bitcoin could increase by up to 890% from its current value if investors choose the flagship digital asset as a hedge against geopolitical tensions, banking instability and currency debasement...
Customers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM.
More than a dozen people received fake $100 bills marked “for motion picture purposes” and “in props we trust” when they visited an Independence Bank ATM in Providence, Kentucky, reports the NBC-affiliated news station WFIE.
Among the victims is Tiffany Vaugh, who withdrew $400 in $100 bills and realized...
American firms have reportedly issued record volumes of debt in what analysts say is an attempt to get ahead of potential event risks in the near future.
Data from the London Stock Exchange Group (LSEG) shows 29 investment grade bond deals were issued on one day in the first week of September, which is the highest ever recorded, the Financial Times reports.
The day after the all-time record,...
A closely followed crypto strategist and trader says one red-hot real-world asset (RWA) project may have more upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that MANTRA (OM) “still looks strong.”
“Consolidation in the previous range and now expansion; would be careful buying here personally and think we should see a pullback...
Analyst and trader Ali Martinez is leaning bearish on Bitcoin (BTC) as the flagship crypto asset sits around 20% below the all-time high.
Martinez tells his 71,000 followers on the social media platform X that Bitcoin has fallen below a key moving average, a development which could lead to the largest crypto asset by market cap falling by around 47% from the current price to levels last witnessed...
A cryptocurrency analyst who accurately called the Bitcoin correction earlier this year now believes BTC could turn bullish over the coming weeks.
Pseudonymous crypto strategist Rekt Capital tells his 87,600 YouTube subscribers that Bitcoin looks primed for October rallies based on the flagship crypto asset’s history during the halving years.
Earlier this year, Bitcoin witnessed another halving...
The number of US banks with major issues is on the rise, according to the Federal Deposit Insurance Corporation (FDIC).
The agency’s Second Quarter 2024 Quarterly Banking Profile shows the number of lenders on its “Problem Bank List” rose quarter-on-quarter from 63 to 66.
It’s the fifth consecutive quarterly increase of banks rated 4 or 5 on the CAMELS ratings system since the second quarter of...
Crypto insights firm Santiment says that three altcoins are now worth keeping an eye on as one historically bullish indicator begins flashing.
Santiment tells its 188,000 followers on the social media platform X that lending platform Aave, metaverse project Decentraland (MANA) and indexing protocol The Graph (GRT) seeing large short ratios on Binance, the largest crypto exchange in the world.
An...
The chief executive of stablecoin issuer Circle (USDC) says that the firm is moving its headquarters to New York City.
In a new thread on the social media platform X, Circle CEO Jeremy Allaire says that the company is moving to New York from Boston to immerse itself in the world of Wall Street as blockchain technology becomes more intertwined with the financial system.
“As this technology...