FDIC
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financeElon Musk Expands X Money to More Users, Eyes 'Everything App'
Elon Musk expands X Money, a fiat-based payment system with Visa, to more users. A pivotal step toward his 'everything app' vision.
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financeJPMorgan Chase Insider Allegedly Drains Customer Accounts
A former JPMorgan Chase employee faces a lifetime ban for allegedly stealing $38,500 from customer accounts without authorization.
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cryptoGENIUS Act Reshapes Stablecoin Rules, Threatens $6.6 Trillion in Bank Deposits
The US GENIUS Act creates a federal framework for stablecoins, alarming banks facing potential deposit outflows.
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financeCommunity Bank Breach: Employee Leaks Data via Unauthorized AI App
Community Bank discloses a security lapse after an employee exposed customer data, including Social Security numbers, by using an unauthorized AI application.
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techAI Agent Legally Forms Company, Prepares for Crypto Trading
The AI agent Manfred autonomously established a US corporation with IRS and banking credentials, signaling a new era of autonomous commerce.
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financeSenator Warren Challenges Elon Musk on X Money Financial Risks
Senator Elizabeth Warren raises concerns with Elon Musk regarding the proposed X Money payment feature, questioning its financial stability and potential risks to national security.
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financeFDIC Unveils Rules for Stablecoin Issuers Under GENIUS Act
FDIC releases proposed rules for stablecoin issuers under the GENIUS Act, setting prudential standards for reserve assets, capital requirements, and AML compliance.
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cryptoFDIC Clarifies Stablecoin Rules Under New GENIUS Act
FDIC proposes new regulations for stablecoin issuers under the GENIUS Act, focusing on corporate deposit insurance but excluding direct token holder protection.