A leading stablecoin issuer has secured federal approval to launch a dedicated trust bank for digital asset custody services. Circle Internet Group says it has received final approval from the U.S. Office of the Comptroller […]
Key Takeaways Strategy’s Bitcoin Banking Adoption Index compares public adoption signals across trading, custody, products, lending and executive activity. Fidelity leads the ranking at 71%, followed by BNY at 46% and Goldman Sachs at 45%. […]
Key Takeaways Custodia petitioned the Supreme Court, challenging the Fed’s unchecked power to deny vital master accounts. The Fed blocked Custodia’s master account in 2023, threatening the survival of innovative financial models. The Supreme Court […]
Key Takeaways Sony Bank secured conditional OCC approval for Connectia Trust on July 7, 2026. The new subsidiary carries $40 million in capital and targets 2027 for launch. Bastion Platforms will handle issuance and custody […]
A retired Florida grandmother has lost more than $60,000 from her Citibank accounts in a matter of hours. The funds she and her husband saved over 40 years through hard work and sacrifice vanished via […]
Americans have lost a whopping $893 million to AI-powered scams in just one year, according to a new report. The FBI’s Internet Crime Report now includes AI scam specifics, with 22,364 AI-related complaints in 2025 […]
A North Carolina woman says she couldn’t believe her eyes when her Truist IRA account suddenly displayed a balance of $220 billion. The error appeared on her online statement due to a glitch, making her […]
A city employee has fallen for a phone scam impersonating a bank representative, resulting in nearly $1.1 million being stolen from municipal bank accounts through unauthorized transfers. The incident occurred when the employee disclosed sensitive […]
A scammer posing as a bank representative has drained nearly $250,000 from a 71-year-old’s Chase bank account in a sophisticated phone scam that began with a fake fraud alert. The victim, who lives in New […]
Android users are increasingly being targeted by malware that steals their payment card details through tap-to-pay technology. U.S. law enforcement is already making arrests and issuing warnings to banks about Android malware that steals data […]
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