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Congress will soon tackle legislation designed to create a clear regulatory framework for digital assets.
According to White House AI and Crypto Czar David Sacks, the Clarity Act will take center stage next month.
“We had a great call today with Chairmen Senator Tim Scott and John Boozman, who confirmed that a markup for Clarity is coming in January.
Thanks to their leadership, as well as...
Billionaire investing icon Ray Dalio says Bitcoin has problems.
In a new interview with Zerodha co-founder Nikhil Kamath, Dalio says he owns a little BTC, but believes it’s inferior to gold and unappealing to central banks.
“Bitcoin is limited in supply… It’s perceived as money, as a storehold of wealth, that is unlikely to be significantly held by central banks and many others because of the...
A former bank executive used his position at the lender to drain more than $140,000 from two US government programs.
The U.S. Attorney’s Office for the Northern District of Texas says Kaylee Ree Lunn, 37, of Holliday, Texas, has pleaded guilty to one count of wire fraud for running a scheme that siphoned government funds via fraudulent Paycheck Protection Plan (PPP) loans.
Court documents show...
Pastor Drains Church and Daycare Funds To Fund Luxury Lifestyle, Triggering $3,222,771 Tax Loss: DOJ
A pastor and businessman from New York has admitted to a tax evasion scheme that cost the US government millions of dollars.
The U.S. Department of Justice (DOJ) says Paul Mitchell, the lead pastor of a local church and the president of an educational daycare business, has pleaded guilty to stealing $3.22 million from his employing firms to fund a luxurious lifestyle.
Court documents show that...
Billionaire crypto entrepreneur Arthur Hayes just initiated a new crypto purchase.
Analysts at Lookonchain say Hayes moved $3.53 million worth of Ethereum (ETH) in just over 24 hours.
Approximately $1.5 million of the ETH was sent to the institutional crypto asset firm Galaxy, suggesting Hayes may be looking to sell.
Meanwhile, Hayes used a portion of the $2.03 million in ETH that was not sent...
Banking giant ING just issued a major warning on BRICS and the future of the U.S. Treasury market.
The bank says the economic alliance is “quietly leaving” the market, as the nations’ holdings of U.S. Treasuries continue to move lower.
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The personal information of thousands of US citizens is now at risk after a healthcare firm suffered a security breach.
According to new data from The Office of the Maine Attorney General, healthcare services firm NAHGA Claim Services has suffered a cybersecurity hack, potentially exposing the personal information of 181,160 Americans.
According to a press release, some of the potentially stolen...
Banking giant JPMorgan Chase says a key catalyst could send the S...
A bank employee is accused of stealing tens of thousands of dollars from customers’ accounts over a period of less than two months.
Hawaii’s Department of the Attorney General says 24-year-old Alohi Kaupu-Grace has been indicted by a Hawaii County grand jury on charges of computer fraud and theft after allegedly draining over $40,000 from customers while working as a teller at the Bank of Hawaii...
A US bank has agreed to pay hundreds of thousands of dollars to settle a class action lawsuit accusing the lender of failing to properly secure customer data.
According to the settlement administrator’s portal, Summit National Bank will set up a $400,000 settlement fund that will be used to pay victims of a data breach that exposed customers’ personally identifying information, including full...