A major bank scam is hitting customers hard in Prince George’s County, Maryland, with losses totaling around $100,000 this year alone. Victims are using Wells Fargo, Bank of America, PNC, and other banks. How the Scam Works Thieves are using a sophisticated impersonation tactic. They send text messages pretending to be from major banks, warning…
Data analytics firm Glassnode is hinting that Bitcoin (BTC) might be heading into a bear market. Their recent analysis suggests some key indicators are flashing red. Short-Term Holders Feeling the Pinch Glassnode’s research shows short-term Bitcoin holders (those holding for less than 155 days) are currently sitting on significant unrealized losses. This pattern mirrors the…
Hertz, a major car rental company, announced a massive data breach affecting at least 100,000 customers. The breach stemmed from a security vulnerability exploited by hackers at one of Hertz’s vendors, Cleo Communications US. What Happened? The breach occurred between October and December 2024, exploiting a zero-day vulnerability in Cleo’s system. This allowed hackers to…
Big banks are cutting off electronic data sharing with a key US regulator after a massive security breach. OCC Email System Hacked JPMorgan Chase and BNY Mellon have stopped sending data to the Office of the Comptroller of the Currency (OCC) following a serious security incident. The OCC revealed that unauthorized access to several employee…
Ethereum’s price hasn’t lived up to the hype. Instead of soaring to new highs, it’s taken a nosedive, reaching levels unseen in five years. Experts predict even more bad news. A Deep Dive into Ethereum’s Price Predictions One crypto analyst, TradeNation, highlighted a critical point for Ethereum: $1,724. This is a make-or-break level. If Ethereum…
Oregon’s Attorney General is about to sue Coinbase, mirroring a recently dismissed SEC lawsuit. This move has Coinbase fuming. Oregon’s Lawsuit: A Repeat of History? Coinbase’s Chief Legal Officer (CLO), Paul Grewal, announced that Oregon will file a lawsuit against the exchange on April 18th. Grewal calls it a “copycat case,” arguing that Oregon is…
Oregon’s attorney general is suing Coinbase, a major cryptocurrency exchange, for allegedly selling unregistered cryptocurrencies to Oregon residents. This led to significant financial losses for investors, according to the lawsuit. The Attorney General’s Claims The lawsuit, filed in Multnomah County Circuit Court, claims Coinbase violated Oregon securities law. The attorney general argues that Coinbase didn’t…
Trump’s potential firing of Fed Chair Jerome Powell has shaken faith in traditional finance. This uncertainty, coupled with rising national debt and economic volatility, is pushing people towards decentralized alternatives like Web3. The Crack in the System The Federal Reserve, once seen as a stable institution, is now facing a crisis of confidence. The possibility…
A lesser-known cryptocurrency, ZRO, saw a price boost after the investment firm Andreessen Horowitz (a16z) invested a hefty $55 million. a16z Bets Big on LayerZero This investment was specifically in ZRO, the token powering LayerZero, a platform designed to connect different blockchains. LayerZero aims to make it easier to share information across various crypto networks,…
Bank of America (BofA) is on the hook for a hefty sum after a court ruled it significantly underpaid its deposit insurance fees. The Case Against BofA Back in 2017, the Federal Deposit Insurance Corporation (FDIC) sued BofA, claiming the bank hadn’t paid over $1.1 billion in mandatory fees between 2013 and 2014. The FDIC…
