Big banking groups are seriously worried about cybersecurity at government agencies that regulate them. A recent hack of the Office of the Comptroller of the Currency (OCC) has them especially concerned. Banks’ Concerns and Proposed Solutions The American Bankers Association, Bank Policy Institute, Managed Funds Association, and Securities Industry and Financial Markets Association wrote a…
FIFA Rivals, a new mobile arcade-style football game, is officially launched worldwide! Available now on the App Store and Google Play, the game lets you build your dream team and compete against others. Fast-Paced Fun for Everyone Developed by Mythical Games and officially licensed by FIFA, FIFA Rivals offers a fresh take on mobile football….
Polemos, a Web3 gaming platform, and BUFF, a gaming rewards platform, announced a major partnership to bring the world of blockchain gaming to a wider audience. This collaboration aims to make Web3 gaming more accessible and rewarding for everyone. A Powerful Partnership The partnership combines Polemos’ expertise in NFT utility and decentralized gaming with BUFF’s…
Citigroup is setting aside hundreds of millions of extra dollars to cover potential loan losses. This move comes in response to the current uncertain economic climate. Increased Loan Loss Reserves According to reports, Citigroup’s head of banking, Vis Raghavan, recently warned that the bank anticipates significantly higher credit reserves compared to the previous quarter. He…
Michael Saylor, the head of Strategy (formerly MicroStrategy), isn’t sweating the competition. In a recent Bloomberg interview, he made it clear he welcomes JPMorgan and Warren Buffett into the Bitcoin game. In fact, he thinks they’ll be buying Bitcoin when it’s much more expensive. Strategy’s All-In Bitcoin Approach Strategy is completely invested in Bitcoin, and…
A Canadian company, Tony G Holdings (TONY on the CSE), just made a huge splash in the decentralized finance (DeFi) world. They bought a whopping 10,000 HYPE tokens – the native currency of the Hyperliquid exchange – for over $420,000! This is the largest investment in Hyperliquid by a publicly traded company to date. Why…
Ripple’s CEO, Brad Garlinghouse, made a bold prediction: XRP, Ripple’s cryptocurrency, will handle 14% of SWIFT’s transaction volume within five years. He emphasized that this refers to the liquidity aspect of SWIFT, not just the messaging system. Banks control the actual movement of money (liquidity), and that’s where XRP aims to make its mark. The…
The US Senate is about to pass a new law to regulate stablecoins – digital currencies pegged to the value of a real-world asset like the US dollar. Both the crypto industry and even President Trump are on board. After a big procedural vote, the bill is likely to get final approval next week. Stablecoin…
The crypto market is a rollercoaster. Early 2025 saw Bitcoin, Ethereum, and XRP prices plummet, likely due to global economic jitters. But things have bounced back! By May 14, 2025, Bitcoin hit $104,159.98, and Ethereum reached $2,680.23. The Rise of Crypto Reserves Investors are now looking at crypto reserves – countries building up stockpiles of…
Goldman Sachs is suing a bankruptcy specialist who started a company using the Goldman Sachs name. A Case of Corporate Identity Theft Arian Eghbali, a 40-year-old bankruptcy specialist, registered “Goldman Sachs Capital LLC” in California in 2022. He listed himself as CEO in 2024. The twist? Eghbali has never worked for Goldman Sachs. The real…
