Billionaire Warren Buffett Bets $120,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo

December 14, 2024 The Daily Hodl

Billionaire Warren Buffett Bets 0,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo

AAPL

Billionaire Warren Buffett is now betting a whopping $120 billion on just two assets. The chairman and CEO of Berkshire Hathaway has allocated 40.1% of the firm’s portfolio to Apple (AAPL) and American Express (AXP), according to new SEC filings. Berkshire initiated its investment in Apple back in 2016 and has adjusted its holdings multiple […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

US Banks Witness 1,000% Surge in Digital Scams As JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $166,000,000 on Zelle in One Year: Report

December 14, 2024 The Daily Hodl

bank

US banks are witnessing a massive surge in sophisticated digital scams, according to a new report. The number of social engineering scams targeting both US and Canadian bank customers has exploded 1,000% in the last year, according to the cybersecurity firm BioCatch. Social engineering scammers use deceptive tactics to impersonate entities like banks or family […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

JPMorgan Chase Refuses To Reimburse Customer After $7,000 Abruptly Drained From Bank Account: Report

December 14, 2024 The Daily Hodl

bank

A JPMorgan Chase customer says the bank has refused to reimburse him for more than a year after $7,000 was suddenly drained from his account. Grant Holihan says he believes his Chase debit card information was skimmed at an ATM that he used in Queens, reports CBS New York. Soon after he left the ATM, […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

Staggering $5,000,000,000 in Cash and Assets Waiting To Be Claimed by Residents in One US State: Report

December 13, 2024 The Daily Hodl

Assets

A staggering $5 billion in lost and forgotten cash and assets are waiting to be claimed in one US state, according to a new report. The Illinois Treasury Department says residents are sitting on a serious pile of unclaimed assets, reports the Chicago Sun-Times. The assets are typically located in neglected bank accounts and safe […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

One of England’s Oldest Central Banks Gives Firms Till March 2025 To Disclose Crypto Exposure

December 13, 2024 The Daily Hodl

Bank of England

One of the oldest central banks in England is giving companies until March 2025 to disclose their exposure to digital assets. In a new announcement, The Bank of England says that the Prudential Regulation Authority (PRA) – the UK’s financial regulator – is looking to gather data on firms’ current and future exposure to crypto […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

US Bank Regulator Terminates ‘Legal Loophole’ That’s Draining $5,000,000,000 From Customer Accounts Per Year

December 12, 2024 The Daily Hodl

bank

A US bank regulator says it’s shutting down a “legal loophole” that’s costing customers $5 billion in fees per year. The Consumer Financial Protection Bureau (CFPB) says a new rule will force large banks to either limit overdraft fees to $5, align them to actual costs and losses, or treat overdraft loans like other credit […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services

December 7, 2024 The Daily Hodl

Banks

Top US-based crypto exchange Coinbase’s Freedom of Information Act (FOIA) requests are uncovering more instances where the U.S. Federal Deposit Insurance Corporation (FDIC) asked banks to freeze crypto services. In a new thread on the social media platform X, Coinbase chief legal officer Paul Grewal says the revealed information confirms the notion that the US […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

Hackers Infect 8,000,000 Smartphones As ‘SpyLoan’ Drains Bank Accounts, Steals Sensitive Data for Extortion: McAfee Alert

December 7, 2024 The Daily Hodl

Account

Cybersecurity firm McAfee says it’s identified a “significant global increase” in a smartphone hack that triggers extortion, harassment and drains bank accounts. McAfee says hackers are increasingly deploying a group of malicious financial apps containing “SpyLoan” malware, posing a serious threat with more than eight million active installations around the world. The apps are on […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

$600,000 Drained From Woman’s Bank Accounts As Morgan Stanley, JPMorgan Chase Issue Repeated Warnings To Customer: Report

December 7, 2024 The Daily Hodl

bank

An elderly woman has lost her life savings to a sophisticated scam amid warnings from JPMorgan Chase and Morgan Stanley, according to a new report. Retired therapist Judith Boivin lost about $600,000 after scammers made her believe she was an integral part of an undercover government operation, reports The Washington Post. Boivin says the bad […]

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UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than Half Remain Online: Report

FDIC asked banks to ‘pause’ crypto activities — Court docs

December 6, 2024 Coin Telegraph

Banks

Coinbase chief legal officer Paul Grewal claimed the letters provided evidence that an alleged US government attempt to debank firms “wasn’t just some crypto conspiracy theory.”

Court documents filed in a Freedom of Information Act (FOIA) lawsuit against the United States Federal Deposit Insurance Corporation (FDIC) showed the US regulatory body asked certain financial institutions to pause crypto banking activities.

In a Dec. 6 filing in the US District Court for the District of Columbia, the court released “pause letters” sent by FDIC officials to the boards of directors for different US banks, whose names were redacted.

According to the letters sent in 2022, the FDIC requested the institutions “pause all crypto asset-related activity” in response to the uncertain regulations around digital assets.

Banks

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