Gold Hovers Around All-Time High as Central Bank Actions Drive Up Demand
All that glitters may not be gold, but gold certainly does shine these days. U.S. gold futures traded near record highs on Thursday, down just 0.17% from the previous day to $2,311.20 an ounce. Spot gold price also hit a record high of $2,304.90. Central banks have increased their holdings of gold in recent months, […]
Chase advertisers to target bank users based on spending history
JPMorgan Chase Bank on Wednesday announced a new division called Chase Media Solutions that will allow marketers to tempt customers with targeted ads and discounts tied to spending data. Chase Media Solutions, created when the company acquired and integrated marketing platform Figg in 2022, will give customers access to exclusive, relevant deals on Chase’s apps […]
FedNow Reportedly Processed XRP Transaction Sent to US Bank Account – The Crypto Basic
A pseudonymous XRP community member “Crypto Value Hunter” recently suggested that FedNow processed XRP funds transferred from the Uphold crypto platform to his bank account. A member of the XRP community made this clear in a post on X. The crypto value hunter revealed that he withdrew funds from his XRP Uphold account to the […]
Wyoming crypto bank not backing down in fight to access Federal Reserve
Unicoin founder Moe Vela says cryptocurrencies are still the “future” of the market despite the fall of Sam Bankman Fried. Custodia Bank, a Wyoming cryptocurrency bank locked in a legal battle with the Federal Reserve for nearly two years, appeals a district judge’s decision to deny it access to the Fed’s banking facilities. FOX Business […]
Rakuten Could Combine Bank and FinTech Operations – PYMNTS.com
Japanese conglomerate Rakuten is considering consolidating its finance operations into one department. The plan, announced on Monday (April 1), will see the company combine its banking, insurance, securities, card companies and other fintech businesses into one group. “This decision will strengthen collaboration across FinTech businesses, including quick and flexible decision-making, and deepen collaboration in areas […]
Biden’s campaign piggy bank trounces cash poor Trump but doesn’t guarantee re-election
WASHINGTON — President Biden’s re-election campaign is raising huge amounts of cash. And the election-year strategy, in a nutshell, is about spending more and spending more quickly. Not only is Mr. Biden looking to project himself as a fundraising juggernaut this month, but his campaign is also making big early investments in both terrestrial and […]
Bank Lets Customers Withdraw More Than Available Balance, Triggering $14,000,000 Exodus in Matter of Hours: Report – The Daily Hodl
A state-owned bank is recovering millions of dollars from customers after “regular system updates” allowed people to withdraw more money than they had in their accounts. Commercial Bank of Ethiopia (CBE) announced that $14 million was lost in a matter of hours after news of the bank’s system failure spread rapidly among customers through messaging […]
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application – CoinDesk
A federal judge has rejected Wyoming-based Custodia Bank’s argument that it is entitled to a Federal Reserve master account and membership in the Fed. Judge Scott Skavdahl of the District of Wyoming; Custodia’s motion for judgment was denied. On Friday, federal law does not require the nation’s central bank to give all eligible depository institutions […]
South Carolina found a state bank account with $1.8B, but they have no idea what it’s for
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Beware of ‘bank jugging’ this tax season, police warn
(news nation) — Police are warning the public about “bank jugging” this tax season. “Jagging is a crime of opportunity, where thieves look for people coming out of banks or ATMs with large sums of cash and follow them to find an opportunity to steal the money.” Arlington Police Department, Texas he wrote in a […]