The U. S. government wants stablecoin companies to act like banks when it comes to stopping crimes like money laundering. New rules from the Treasury Department would require these firms to set up systems that block suspicious payments, freeze accounts linked to criminals, and report illegal activit
A storm is brewing in the world of private credit, and regulators are sounding the alarm. The Financial Stability Board warns that a mix of rising interest rates, geopolitical tensions, and shaky valuations could trigger a domino effect across global markets. The concern isn’t just about one weak sp
In 2021, Donald Basile convinced over a hundred people to hand over $16 million for a cryptocurrency called Bitcoin Latinum. He claimed it was "insured" and backed by real assets, making it a safe investment. The catch? No insurance actually existed. The SEC now says Basile lied about the token’s sa
Chinese battery maker CATL just reported its latest earnings—and the numbers are big. In the first three months of this year, the company pulled in over HK$129 billion in sales, pushing its profit past HK$20 billion. That’s a huge jump from last year, when it earned just HK$84 billion and kept HK$14
Reading welcomed its 36th Earth Day in City Park with a lively mix of learning and fun that showed how the town cares for nature. The city teamed up with a local nonprofit to pull together workshops, music and hands‑on activities that invited everyone from kids to grandparents. The event grew year a
The state legislature has spent the last two years listening to people who have suffered. They gathered stories of loss, abuse and injustice, and turned those voices into a set of laws aimed at stopping similar harm in the future. The result is House Bill 239, a single bill that bundles many reforms
The city council and Mayor Tom Koch disagree about how Quincy is handling its money. Council members point to a $1. 6 billion debt, a credit downgrade and shrinking savings as red flags. The mayor says the city is still investing in downtown, schools and roads without cutting services or raisi
A woman in California has filed a lawsuit against the Pasadena Public Health Department, its director, and two other agencies after being turned away from a state program that helps Black infants. The lawsuit claims the denial was because she is not Black, violating equal‑rights laws. The plaintiff
She started learning accounting before her teens, a skill that would guide her through roles in retail banking, Citigroup and LendingClub. Today she leads the finance side of a major crypto staking firm that powers banks, exchanges and wallets across more than forty blockchains. The company suppl
Grand Rapids is planning to raise up to $35 million through bonds for a new fire training facility. The city’s commission recently approved a notice that starts a 45‑day period where residents can petition for a public vote on the bond. If no one challenges it, the commission will need to pass a fin
