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Billionaire Warren Buffett just sold about $3.23 billion of Berkshire Hathaway’s stake in Citigroup, Bank of America and Capital One.
After eliminating Berkshire Hathaway’s stake in JPMorgan Chase and Wells Fargo in recent years, new filings show Buffett continues to place US banks on the chopping block.
Berkshire has now also completely exited Citigroup, unloading its remaining 14,639,502...
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Blockchain integration is transforming the way industries protect and manage data.
Unlike traditional security systems, blockchain uses decentralized networks that make it nearly impossible to alter or hack information.
This level of protection addresses growing cybersecurity threats that many organizations face today. By integrating blockchain, companies gain...
A top 100 US bank just disclosed a data breach affecting the personal and confidential information of thousands of customers.
In a filing with the Office of the Maine Attorney General, Arkansas-based Arvest Bank says it’s warning 7,537 people after a technical glitch enabled unauthorized account access.
“We recently experienced a brief technical issue during routine system updates late on...
The Federal Bureau of Investigation (FBI) is warning the public of an ongoing phishing scheme that preys on prospective victims by impersonating senior US officials.
The agency says that since April, malicious actors have sent text messages and artificial intelligence (AI)-generated voice messages that appear to be from senior US officials.
The scheme targets individuals who are mostly current...
A recent survey from the University of Michigan finds that consumer sentiment is down 26.5% since May 2024.
According to the university’s ongoing Surveys of Consumers, the Index of Consumer Sentiment dropped to 50.8 this month, the second-lowest rating ever recorded.
The lowest rating ever recorded was 50 in June 2022. The survey began in November 1952.
Said Surveys of Consumers Director Joanne...
The bankrupt crypto exchange FTX plans to shell out $5.4 billion in a wave of payments to creditors at the end of the month.
Eligible creditors will receive funds via BitGo or Kraken within 1-3 business days from May 30th, per a new press release from the exchange.
FTX will make payouts from its $11.4 billion cash reserves, and the exchange says subsequent payouts will be announced at a later...
A widely followed crypto analyst says that one top-20 altcoin will eventually skyrocket by 85% while updating his outlook on Bitcoin (BTC) and the meme asset dogwifhat (WIF).
In a new thread, crypto trader Altcoin Sherpa tells his 245,800 followers on the social media platform X that layer-1 blockchain Hyperliquid (HYPE) is a standout digital asset that will eventually hit a price tag of over $50...
In the Web 3.0 landscape where early access often defines long-term gains, Binance Alpha is emerging as one of the ecosystem’s most powerful discovery tools – offering users an early look at promising Web 3.0 projects before they hit the mainstream.
Since launching in December 2024, Binance Alpha has grown – driven by strong user demand – into a go-to platform for pre-listing opportunities,...
U.S. Federal Reserve Chair Jerome Powell has issued a warning about the future of the American economy.
While delivering opening remarks at the Second Thomas Laubach Research Conference in Washington DC, Powell noted that “longer-term inflation expectations” have driven up real interest rates, which are interest rates adjusted for inflation.
The Fed chair also says those rates could be a sign of...
A crypto trading app is joining forces with the top US-based crypto exchange by volume to power its digital asset services.
In a new company blog post, Coinbase says that mobile trading app Webull chose it to power its trading services using Coinbase’s Crypto-as-a-Service (CAAS) platform.
Says Coinbase,
“As Webull Pay’s partner for trading, custody, staking, and [the stablecoin] USDC, Coinbase...