Newly discovered malware is secretly hijacking Android phones and stealing banking credentials by turning the device’s own developer tools against users. The Cybersecurity firm Group-IB says a dangerous new version of the RedHook malware is […]
A member of a South Los Angeles-based Crips street gang is heading to federal prison for masterminding a $2.8 million bank fraud scheme involving stolen mail and social media recruitment. The scheme relied on intercepting […]
A 69-year-old grandmother in Texas lost her life savings of $100,000 after falling for a brutal banking scam. Police say Vickie Nelson of Hardin County received phone calls from callers impersonating bank and law enforcement […]
Nineteen people have pleaded guilty to conspiracy to commit bank fraud in a Florida state scheme tied to a street gang, says the U.S. Department of Justice. The defendants are associated with the ‘Trap Boys’ […]
Instant Settlement via JPMorgan Dubai-based Emirates NBD has become one of the first financial institutions in the Middle East, North Africa and Türkiye (MENAT) region to launch real-time cross-border U.S. dollar payments using blockchain technology. […]
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 […]
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