Banks and big financial firms keep trying to recreate blockchain from scratch, but that's like reinventing the wheel while ignoring the road already built. They can copy the code, hire consultants, and roll out permissioned systems behind closed doors. Yet no matter how polished their corporate bloc
Banks and crypto firms just teamed up to launch a fresh kind of dollar coin called fUSD. Unlike most stablecoins that sit idle without growing, this one gives big institutions a small cut—around 3% per year—if they play by specific rules. The coin is built on existing tech used by trading desks and
Federal prosecutors have filed charges against two men for producing AI‑generated nude images of female celebrities. The defendants, Cornelius Shannon, 51, and Arturo Hernandez, 20, were apprehended on Tuesday after their content attracted millions of online views. Their actions fall under the Take
Banks today look nothing like they did even five years ago. What used to be slow, paperwork-heavy processes are now running on smart software. AI isn’t just helping banks—it’s doing much of the work itself. These "agentic" AI systems don’t just follow instructions; they make decisions on the spot, w
Federal agents showed up unannounced Wednesday in Portsmouth, Virginia, targeting places tied to state Sen. Louise Lucas, a powerful Democrat and marijuana advocate. They raided her personal office, a dispensary she co-owns, and other locations connected to her. Footage from the scene shows agents c
Federal officials are preparing for a major shift in how marijuana is treated under U. S. law, with changes expected as soon as this week. If approved, this would be the biggest update to marijuana policy in years, making it easier for scientists to study the drug's possible benefits. The push for
Bank of New York Mellon, trading under the ticker BK, has pushed past every previous peak in its share price. The stock jumped more than 68 % over the last year and recently hit an all‑time high of $130. 59 on April 14. Analysts from Barchart give the stock a full 100 % “Buy” rating, and its Trend S
Bank of America is about to release its first-quarter earnings, and the numbers look strong. Analysts predict revenue will hit nearly $29. 8 billion, a jump from last year's $27. 5 billion. This follows a pattern—Bank of America has beaten revenue estimates in eight of the last ten quarters. Earning
Banks are stepping away from some commodity payments because of worries about hidden ties to Iran. The result is a surge in the use of stablecoins, especially Tether’s USDT, by traders who need quick and reliable ways to move money. The global trade finance market is worth about $2 trillion, b
Federal agents arrested eight people last week after uncovering a $50 million fraud scheme linked to Los Angeles hospitals and other health programs. The investigation focused on five hospice centers in Glendale, Artesia, Tarzana and Simi Valley. These facilities allegedly billed Medicare for pa
