Crypto holders are getting better deals on loans than people taking out mortgages or car loans. This is because of something called DeFi, or decentralized finance. DeFi lets people use their crypto as collateral to get loans, and the interest rates are lower than what you'd get from a bank. DeFi has been growing fast. In the second quarter of 2025, DeFi lending apps...
LevelField Financial Inc. is making waves in the financial world. They just got the okay from Illinois to buy Burling Bank. This is a big deal because LevelField wants to create a bank that works with both regular money and digital currencies like Bitcoin. But before they can celebrate, they need one more approval from the Federal Reserve. The Illinois Department of...
SoFi, a major financial company, has just launched a new crypto platform. This is a big deal because it's the first time a national bank in the U. S. has offered crypto services to regular customers. The platform lets people buy, sell, and hold Bitcoin right from their bank accounts. And it's not just Bitcoin. Customers can also trade Ethereum and Solana, with more c...
In recent years, the crypto world has faced a tough challenge: getting kicked out of the banking system. This wasn't just a small issue; it was a big problem for many companies, from small startups to big exchanges. They often didn't even get a clear reason why their bank accounts were shut down. This crackdown, called "Operation Choke Point 2. 0, " was similar to a...
Savings accounts are a smart way to grow your money, but picking the right one can be tricky. Recently, the Federal Reserve has been cutting interest rates, which affects how much you can earn on your savings. This shift makes it crucial to understand the differences between money market accounts and high-yield savings accounts. Both types of accounts offer variable...
The U. S. government just made a big move in the world of cryptocurrency. President Trump signed an executive order to create a strategic reserve of Bitcoin. This reserve will be filled with Bitcoin that the government already owns, not new purchases. This news caused a bit of a stir in the crypto community. Some people were excited, while others were disappointed. T...
In 2023, the crypto world faced a major shakeup. Anchorage Digital, a prominent crypto company, suddenly found itself without a bank. One day, their bank account was there, the next, it was gone. No warning, no explanation. This wasn't an isolated incident. Many crypto firms faced the same issue, a situation they dubbed "Operation Choke Point 2. 0. " The crypto indu...
Connor Tomasko from Chicago is a money management enthusiast who's urging people to be cautious about keeping money in payment apps. While these apps, like Venmo and Cash App, are easy to use, they don't offer the same protections as banks. For instance, funds in these apps aren't usually insured by the FDIC, which means if something goes wrong, you could lose your m...
Imagine being the CEO of a small bank, trusted by your community to manage their hard-earned savings. Now, imagine being coerced into stealing millions of dollars from your own institution to fund a crypto scam, only to end up behind bars for 24 years. This is the shocking story of Shan Hanes, the former CEO of Heartland Tri-State Bank in Kansas. The scam, known as ...