Today: September 21, 2024
Today: September 21, 2024

Latest From Hannah Lang

Business|Finance|Technology

US regulator proposes strengthened rules for banks working with fintechs

A top U.S. banking regulator on Tuesday proposed that banks bolster recordkeeping requirements for accounts held by fintech companies on behalf of their customers, following

US regulator proposes strengthened rules for banks working with fintechs
Business|Finance|Technology

Trump offers little detail at crypto business unveiling

Donald Trump on Monday offered few details about a new cryptocurrency business that the Republican former president, his family and associates unveiled in a live event on X

Trump offers little detail at crypto business unveiling
Business|Finance|Technology

eToro to shut down nearly all crypto trading in settlement with US SEC

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the U.S.

eToro to shut down nearly all crypto trading in settlement with US SEC
Business|Economy|Finance

How regulators have overhauled contentious Basel Endgame capital hike rule

The Federal Reserve's regulatory chief on Tuesday outlined major revisions to the Basel Endgame draft rule hiking bank capital, following intense industry pushback.

How regulators have overhauled contentious Basel Endgame capital hike rule
Crime|Finance|Technology

Losses from crypto scams grew 45% in 2023, FBI says

Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed

Losses from crypto scams grew 45% in 2023, FBI says
Business|Finance|Technology

PayPal pushes into in-person payments with cashback rewards, Apple integration

PayPal is expanding into U.S. point-of-sale payments by integrating its debit card with Apple's mobile wallet and offering 5% cashback rewards, as the global online payments

PayPal pushes into in-person payments with cashback rewards, Apple integration
Business|Economy|Finance|Technology

US crypto executives to throw Washington fundraiser for Harris

Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $

US crypto executives to throw Washington fundraiser for Harris
Business|Finance|Technology

Custody giant State Street expands crypto services in new partnership

State Street is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing

Custody giant State Street expands crypto services in new partnership
Economy|Finance|Stock Markets

Dollar gains after US jobless claims fall more than expected

The dollar rose on Thursday after new U.S. labor market data showed that unemployment benefits fell more than expected last week, easing fears of an imminent

Dollar gains after US jobless claims fall more than expected
Election|Finance|Stock Markets

Crypto players ready wishlist for potential second Trump administration

When former U.S. president Donald Trump promised a bitcoin conference on Saturday that if reelected he would fire Securities and Exchange Commission Chair Gary Gensler, a

Crypto players ready wishlist for potential second Trump administration
Business|Technology

Cryptoverse: Traders hold breath for ether ETF fever

Ether might be coming close to its moment in the sun.

Cryptoverse: Traders hold breath for ether ETF fever
News|Political

US Treasury finalizes new crypto tax reporting rules

The U.S.

US Treasury finalizes new crypto tax reporting rules
Business|Economy|Technology

Crypto firm Abra reaches settlement with US states for operating without licenses

Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state

Crypto firm Abra reaches settlement with US states for operating without licenses
Business|Technology

PayPal hires Walmart exec as chief technology officer in AI push

PayPal has hired one of Walmart's top tech executives Srini Venkatesan to head up the company's push into artificial intelligence as its new chief technology officer, the

PayPal hires Walmart exec as chief technology officer in AI push
Business|Technology

Apple turns to third parties for 'buy now, pay later' after sunsetting product

Although Apple is discontinuing its buy now, pay later service launched last year, the company is sticking with the product, with a successor to the offering launching later

Apple turns to third parties for 'buy now, pay later' after sunsetting product
Business

Gemini to return $1.1 billion to customers, pay fine in settlement with New York regulator

Cryptocurrency exchange Gemini will return at least $1.1 billion to customers of its defunct lending program and pay a fine of $37 million for unsafe and unsound practices

Gemini to return $1.1 billion to customers, pay fine in settlement with New York regulator
Business

Banks should be managing risks from fintech partnerships, regulator says

Banks that work with financial technology companies to offer banking services should be actively managing risks associated with those relationships, a leading U.S. bank

Banks should be managing risks from fintech partnerships, regulator says
Business

PayPal to launch AI-based products as new CEO aims to revive share price

PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject

PayPal to launch AI-based products as new CEO aims to revive share price
Business

Explainer-Why a US bitcoin ETF is a game-changer for crypto

The U.S.

Explainer-Why a US bitcoin ETF is a game-changer for crypto
Business

Analysis-US fintechs push into fixed-income trading as retail investor interest grows

U.S. financial technology companies that popularized amateur stock trading are pushing into fixed income in a bid to capitalize upon growing retail investor interest sparked

Analysis-US fintechs push into fixed-income trading as retail investor interest grows
Business

Crypto market eyes interest rates and expected bitcoin ETFs in 2024

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a U.S. regulatory decision on new bitcoin products as they decide how to place

Crypto market eyes interest rates and expected bitcoin ETFs in 2024
Business

US crypto industry lobby spending on track for new record in 2023

The cryptocurrency industry was on track to hit a new record for federal lobbying spending, after a year in which firms scrambled to repair their reputations and

US crypto industry lobby spending on track for new record in 2023
Business

US will be forced to curtail crypto if industry fails to act on illicit finance threats- official

The U.S. government will cut off cryptocurrency companies from the broader U.S. economy if they fail to block and report illicit money flows, Deputy Treasury Secretary Wally

US will be forced to curtail crypto if industry fails to act on illicit finance threats- official
Business

Analysis-US consumer watchdog hands Wall Street rare win with Big Tech crackdown

The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly

Analysis-US consumer watchdog hands Wall Street rare win with Big Tech crackdown
Business

Coinbase beats estimates but sees lower trading volumes in third quarter

Cryptocurrency exchange Coinbase on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row.

Coinbase beats estimates but sees lower trading volumes in third quarter

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