Miles Guo, once a billionaire, now sits in a federal jail in Brooklyn. His life was once filled with luxury, but now his assets are being sold to pay back those he defrauded. Guo's lavish lifestyle included a superyacht, custom suits, and a mansion with million-dollar carpets. But since 2022, his m
Big banks are no longer just watching crypto from the sidelines. They're diving in headfirst. This isn't just about Bitcoin anymore. It's about tokenized cash, stablecoins, and even crypto ETFs. Banks are starting to see crypto as an opportunity, not a threat. Take JPMorgan, for example. They're mo
Big banks are quietly trying to block stablecoins from offering rewards. Why? Because they rake in billions from fees and interest on the money you park in their accounts. They don't want stablecoins to steal even a slice of that profit. Stablecoins could offer better deals, like rewards for using
Brian Ferdinand stepped into a messy situation. He wasn't the main player in these business leases, but he ended up responsible for them. He made a promise to cover some deals for a company called LuxUrban. At the time, LuxUrban looked strong. It was growing fast and had plenty of money. So, everyon
Saks Fifth Avenue, a name synonymous with luxury, is facing serious problems. The company, which also owns Neiman Marcus and Bergdorf Goodman, is struggling to manage its money. This has led to empty shelves, late payments to suppliers, and unhappy customers. The troubles started when Saks bought N
The US Senate Banking Committee faces a crucial test with the Digital Asset Market Clarity Act of 2025, or CLARITY Act. This bill's success hinges on bipartisan support, a tall order in today's polarized political climate. To move forward, the Senate needs at least 60 votes, meaning Republicans must
Morgan Stanley is diving deeper into crypto by filing for its own bitcoin and solana ETFs. This is a big deal because it shows major banks are getting more serious about digital assets. Morgan Stanley already lets clients trade crypto ETFs from other companies, but now it wants to create its own. Th
Big banks are starting to like crypto. For a long time, they saw it as risky. Now, they are finding ways to use it. They are adding crypto to their services. This is a big change. JPMorgan is moving its digital money to a new system. This system is called the Canton Network. It lets money move fast
Sam Bankman-Fried, the former head of FTX, is in prison for a huge financial scam. He got 25 years for stealing billions from customers. Now, he wants a pardon. But Donald Trump, the former U. S. president, says no way. Trump made this clear in a recent interview. He won't pardon Bankman-Fried or ot
World Liberty Financial has taken a bold step by applying for a national trust bank charter with the U. S. Office of the Comptroller of the Currency (OCC). This move aims to bring its USD1 stablecoin under federal oversight, a significant shift in the crypto landscape. The company, known for its ti
