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The new guidelines come after the FDIC removed the ‘reputational risk’ category from bank exams. The Federal Deposit Insurance Corporation (FDIC) said in a March 28 letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval. The announcement comes as the Commodity Futures Trading Commission (CFTC) announced that…
Trevor Milton, the founder of bankrupt hydrogen trucking startup Nikola who was convicted of fraud, has been pardoned by President Trump, the White House confirmed to TechCrunch. Milton was convicted in October 2022 of one count of securities fraud and two counts of wire fraud related to claims he made about Nikola’s progress to investors. He was…
Polymarket’s Trump/Ukraine mineral deal bet sparked a backlash as a whale-controlled vote settled it incorrectly, raising concerns over manipulation and governance risks. Polymarket, the world’s largest decentralized prediction market, is under fire after a controversial outcome raised concerns over potential governance manipulation in a high-stakes political bet. A betting market on the platform asked whether…
Financial institutions are also positioning themselves for upcoming US stablecoin legislation, which may be finalized in the next two months. Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, signaling the firm’s latest push into digital assets amid a more favorable crypto regulatory climate under the Trump administration. The $5.8…
Bitcoin could rally to $110,000 as investors await key PCE inflation data, with analysts saying easing macro risks may trigger a strong April performance. Traditional and cryptocurrency investors eagerly await Friday’s Personal Consumption Expenditures (PCE) release, which may provide some relief to inflation-related concerns and increase investor appetite for risk assets including Bitcoin. The US…
Trump Media has inked a non-binding agreement with crypto exchange Crypto.com to launch a series of ETFs that will comprise of digital assets and securities. Trump Media has signed a non-binding agreement with Crypto.com to launch a series of exchange-traded funds in the US. Trump Technology Group Corp (TMTG) — the operator of the social…
On a night when half a dozen people made jokes about this being the last-ever Mark Twain Prize, Conan O’Brien made sure the ceremony at the John F. Kennedy Center for the Performing Arts ended on a high note. O’Brien accepted the award for lifetime achievement in comedy Sunday night while acknowledging the backstage turmoil that hangs over the…
Bitcoin could be gearing up to return to the $90,000 level after Trump signaled plans to ease tariffs and the Federal Reserve held firm against inflation fears last week. Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term…
Rosie O’Donnell has revealed more about why she moved to Ireland following President Donald Trump‘s re-election to a second term and shared her thoughts on the “surreal” Oval Office moment where Ireland‘s prime minister was asked about her move. Appearing on RTÉ’s Late Late Show on Friday night, O’Donnell was shown the clip of Irish…
Dana Carvey did leave his impressions at home when he went on Real Time With Bill Maher Friday night. When Carvey sat down with Bill Maher, he did his impressions of President Donald Trump and Elon Musk. However, he noted how he’s still “working on” nailing his Musk one. “So, Trump’s there, and he’s got…