Elizabeth Warren questions MrBeast’s purchase of fintech app
The Massachusetts senator sent an open letter to Beast Industries regarding its purchase of Step with a list of concerns about crypto investment and Evolve Bank’s role.
Private or public blockchain? Banks say yes to both
JPMorganChase, Invesco and other digital asset leaders are increasingly open to working with public blockchains like Solana as well as private, permissioned ledgers like Ethereum layer 2s.
Big banks are leading the on-chain and stablecoin race
New research from American Banker finds that the largest banks are the top players in stablecoin issuance and on-chain technology adoption.
Gould wants crypto rules to level the playing field
Speaking at the Digital Asset Summit, the Comptroller of the Currency argued that part of his goal in shifting the agency’s posture toward the crypto industry is to allow smaller financial institutions to engage in novel technologies, which he said will keep banks relevant.
TransUnion launches new fraud and personal safety check app
TruLookup for Real Estate reduces the need for realtors to access multiple databases or download numerous apps when researching a potential client or property.
Invesco to manage Superstate’s tokenized USTB fund
The investment firm is growing its digital asset portfolio in a “tokenization race” by being the external asset manager for Superstate’s flagship on-chain fund.
It’s past time for paper checks to follow the penny into extinction
In a digital world, paper checks are an expensive, inefficient and unsecured vestige of the past. Bankers, regulators and policymakers need to come together around a strategy to eliminate their role in the U.S. financial system.
More home sellers than buyers, a lot more
Banks are a critical link in the chain of elder fraud; blockchain is exciting and infrastructure is boring, but they’re actually the same thing; and there are way more home sellers than buyers.
Banks urged to ‘shift left’ to fight elder fraud
With seniors losing billions to scams, cybersecurity experts say banks must partner with telecom and tech companies to intercept fraud earlier.
Activist investor wants board shakeup at Maryland-based Eagle
Diligence Capital Management is pushing the beleaguered bank to add directors with bank turnaround experience. Eagle has been searching for a new CEO after getting battered from losses tied to its commercial real estate portfolio.