Cryptocurrencies have been gaining popularity since Bitcoin hit the scene in 2009. While some people use them for quick, low-fee transactions, others hope to make a profit when the market booms. But what are the lesser-known benefits of crypto? Let's dive in! Speedy Transfers Businesses lov
On Tuesday, Sept. 24, at 3 p.m. ET, Caroline Ellison will face sentencing in a New York court for her role in the FTX collapse. Ellison, formerly the CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, pleaded guilty to seven counts of fraud after testifying against SBF. Despite potentia
In a twist of fate, two high-profile figures, Sean "Diddy" Combs and Sam Bankman-Fried, are currently sharing space at Brooklyn's Metropolitan Detention Center. Diddy, the music mogul, is facing serious federal charges for racketeering and sex trafficking, while SBF, the former crypto kingpin, was s
Caroline Ellison, formerly the co-CEO of Alameda Research and a key player in the FTX scandal, is about to learn her sentence. Unlike her ex-business partner Sam Bankman-Fried, who received 25 years in prison, some experts think Ellison might avoid jail time entirely. What's her secret? She cooperat
The current market environment is filled with opportunities, according to Bank of America. Strategist Nigel Tupper noted that global earnings are improving, U.S. monetary policy is easing, and China's stimulus efforts are all contributing to a positive outlook for equity markets. This is especially
Imagine a restaurant promotion so popular that it drives customers to stuff themselves with shrimp for hours on end, causing chaos in the kitchen and making tables scarce. This is the story of Red Lobster's all-you-can-eat shrimp fiasco, which cost the business millions and led to numerous closures.
Starling Bank, a digital bank backed by Goldman Sachs and once considered one of the UK's most promising startups, has recently been fined £29 million by the Financial Conduct Authority (FCA). The fine was imposed due to the bank's failure in preventing financial crimes such as money laundering and
Fiserv has been at the forefront of revolutionizing the financial services industry, leveraging its robust fintech offerings to drive growth and innovation. The company's recent Fiserv Forum 2024 event highlighted its commitment to integrating cutting-edge products and solutions, solidifying analyst
You might have heard about Starling Bank getting a hefty fine. The Financial Conduct Authority (FCA) slapped them with a £29 million penalty for not doing enough to stop money laundering. It's not just about one bank though—this problem runs deeper into the fintech industry. Starling messed up big
Imagine waking up to find your bank account balance is suddenly zero. That's what happened to some Bank of America customers on Wednesday. The bank experienced a glitch that made account balances disappear from their app. Customers tried logging in, but many couldn't see their money. Some even saw z
