Here’s What Crypto Custody Is and How the SEC Wants to Change It
The SEC has proposed a rule that would affect how crypto assets are stored on behalf of customer.Read More
The Man Trafigura Blames for a $577 Million Nickel Upset
The commodities trading giant has obtained an up-to-$625 million asset-freezing order against Prateek Gupta and affiliated companies.Read More
Paul Anthony Pierce
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist OrderRead More
SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Security
The Securities and Exchange Commission today announced charges against former NBA player Paul Pierce for touting EMAX tokens, crypto asset securities offered and sold by EthereumMax, on social media without disclosing the payment he received for the…Read More
The FCA Backs STAR Initiative for Consumer Duty Accreditation
After its damning January review, the UK’s Financial Conduct Authority (FCA) has delivered a series of ‘Dear CEO’ letters to members of the consumer-facing financial industry in preparation for the arrival of the highly-anticipated Consumer Duty. As the whole world awaits the arrival of the FCA’s consumer duty, the regulator’s recent correspondence with industry executives […]
Diner’s Club Ecuador Sees First Digital Bank Launched in Country with Temenos
Temenos announced that Diner’s Club Ecuador has gone live with Temenos Core Banking, Payments and Analytics on the cloud with Amazon Web Services (AWS). The completion of the project marks the launch of Diner’s Club Ecuador as the first digital bank in the country. Diners Club Ecuador was the first issuer of credit cards in […]
FBI says it has ‘contained’ cyber incident on bureau’s computer network
• Amateur balloonist group from Illinois says small balloon last reported over Alaska ‘missing in action’Read More
Mortgage rates jump to 6.32%
Mortgage rates climbed higher for the second consecutive week, following four weeks of declines. Inflation is running hotter, making rates more volatile, with the expectation that they will move in the 6% to 7% range over the next few weeks.Read More
Biden reshuffles economic team midway through first term
President Joe Biden’s economic team is taking new shape midway through his first term and as he gears up for an expected reelection bid, with the White House Tuesday officially naming Federal Reserve Vice Chair Lael Brainard as his top economic adviser and nominating Jared Bernstein to serve as his chair for the Council of […]
Household debt hit record $16.9 trillion last quarter, as consumers loaded up their credit cards
Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released Thursday by the Federal Reserve Bank of New York.Read More
