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A crypto investor who allegedly kidnapped and tortured a man to extort a massive stash of Bitcoin (BTC) was reportedly released on Thursday on a $1 million bond.
A Manhattan judge granted 37-year-old John Woeltz bail, releasing him from Rikers Island, where he was detained after his arrest on May 23rd, reports the New York Post.
Woeltz allegedly kidnapped and tortured Bitcoin investor Michael...
A prominent fraud prevention service says international crime groups are spreading malware designed to steal victims’ banking information.
The London-based Credit Industry Fraud Avoidance System (CIFAS) says it is witnessing a surge in Android malware attacks targeting banking apps.
CIFAS says that while the malware targets Android users, other mobile platforms are not immune to attacks, noting...
The chief investment strategist at Charles Schwab believes that a restrained Fed is one of the key reasons why markets are bullish.
In an interview on the Excess Returns YouTube channel, Liz Ann Sonders says investors prefer a calm and steady Fed, even amid pressure from President Trump to cut rates, as inflation remains elevated.
Sonders also notes that the Fed’s current pause is perfectly in...
Hedge funds are reportedly fleeing tech stocks at the fastest rate in twelve months, pivoting to a new trade idea.
In a note to clients seen by Reuters, Goldman Sachs says hedge funds took profits on their tech positions just as the S...
Wells Fargo reportedly refused to reimburse a customer who lost thousands of dollars to scammers posing as the banking giant’s employees.
Houston resident Sharon Schoolcraft says she lost $13,000 after receiving a call from someone claiming to be working at Wells Fargo, reports FOX 26.
Schoolcraft says the caller alerted her to possible fraudulent charges made to her account, a facade made...
The digital asset management giant Grayscale has launched a new trust for a mid-cap altcoin that has doubled its value in the past month.
Grayscale’s new Story Trust provides accredited investors with exposure to Story (IP), a layer-1 blockchain network focused on intellectual property.
Story launched in February and aims to provide a scalable intellectual property solution on a blockchain where...
A firm that specializes in allowing people to compare insurance quotes is preparing to hand $19 million to Americans in a new settlement.
QuoteWizard is accused of violating the Telephone Consumer Protection Act (TCPA) by sending text message solicitations to people on the National Do Not Call Registry.
According to the settlement, QuoteWizard is preparing to pay the $19 million without...
The founder and CEO of digital asset investment firm BKCM, Brian Kelly, believes Bitcoin (BTC) could skyrocket by triple-digit percentage points if a core use case is heavily adopted.
In an interview on the RiskReversal Media YouTube channel, Kelly says Bitcoin could explode by around 600% from the current level if the crypto king reaches the current market cap of gold.
“Let’s just say all you...
Dan Ives, the global head of technology research at Wedbush Securities, predicts that one big tech company’s market cap will hit $5 trillion next year.
In a new CNBC Television interview, the investor says that the current market cap of Microsoft (MSFT) will soar by more than $1.1 trillion by the end of next year, after the company’s latest earnings came in this week.
“We think Microsoft’s going...
New data from senior Bloomberg analyst Eric Balchunas reveals that US crypto ETFs (exchange-traded funds) beat out Vanguard’s renowned S...