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The Escobar Phone scam saga has finally come to an end

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Federal Prosecutors Close Inquiry Into Co-Founder of Kraken Crypto Exchange
The F.B.I. had raided the home of Jesse Powell in 2023 as part of an investigation into claims that he hacked into the online accounts of a nonprofit....

Discover Is a Done Deal as Capital One Targets ‘Digital Experiences’
The acquisition of Discover Financial is in the rearview mirror, having been completed in May. For Capital One, the focus is on building scale with the combined entities and on building out a national...

Magentic Raises $5.5 Million for AI Agents for Supply Chains
Magentic raised $5.5 million in a funding round to accelerate the growth of its artificial intelligence (AI) agent platform that finds opportunities for savings in global manufacturing supply chains. ...

Amazon Ring Cashes In On Techno-Authoritarianism And Mass Surveillance
Ring founder Jamie Siminoff is back at the helm of the surveillance doorbell company, and with him is the surveillance-first-privacy-last approach that made Ring one of the most maligned tech devi...

Agentic AI Turns Enterprise Cybersecurity Into Machine vs. Machine Battle
For years, cybersecurity has been defined by a simple but dangerous gap: the time between when a vulnerability is discovered and when it’s patched. [contact-form-7] Fraudsters have traditi...

House Passes Legislation to Create Working Group to Review Illicit Use of Digital Assets, More
The Financial Technology Protection Act of 2025 (HR 2384) was approved in a voice vote in the House of Representatives yesterday. This bill joins an extended list of bills that were approved in the Ho...

Citadel urges SEC caution on tokenized securities initiative
Citadel Securities has urged the U.S. Securities and Exchange Commission to proceed cautiously with any initiatives that would accelerate the adoption of tokenized securities, warning that a hasty app...

SquareWorks Adds Global Payment Solution to AP Automation Software
SquareWorks Consulting added a global payment solution to its accounts payable (AP) automation software and enterprise resource planning (ERP) services. [contact-form-7] The company’s new ...

PNC taps Coinbase to bring crypto trading into client accounts
PNC Financial Services Group has formed a partnership with Coinbase to let the bank’s customers access crypto services, as Bloomberg News reported on July 22. According to PNC’s head of treasury m...

Wealthtech Addepar to Enhance Alternative Investment Management with New Products
In today’s financial services sector, alternative investments—encompassing private equity, venture capital, and private debt—have surged past $15 trillion globally, representing a significant po...