August 4, 2025

security

Funds

Palm Beach will apply for federal funds to cover Trump security costs

100 days of Trump: 3 key changes impacting people across America 100 days after returning to power, Donald Trump is charging ahead with tariffs, an immigration crackdown and federal cuts, including dismantling DEI. The “One Big Beautiful Bill Act” appropriates $300 million for security reimbursements to communities where Trump has properties. Expenses incurred on or

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Funds

Vanta Raises Funds At $4 Billion Valuation—Despite Not Needing Cash

Cacioppo didn’t always realize she wanted to be a startup founder. But she knew she liked building things starting at age 11, when she ran a solo eBay Beanie Baby business. Katie Thompson On Wednesday, security and compliance software company Vanta announced a new $150 million fundraise that values the company at $4.15 billion, up

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Crypto

Criminals steal $27 million worth of cryptocurrency from crypto exchange

The cryptocurrency exchange BigONE has admitted to a cyberattack on the digital deposits it manages, in which Bitcoin, Ethereum, and other tokens worth a total of US$27 million were stolen. However, the operators assure that no private keys or user data were affected. In addition, the crypto exchange is taking responsibility and will reimburse affected

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Banking

Spain violated EU rules by meddling in banking merger, says Brussels – POLITICO

Brussels vs national capitals The Commission has been in talks with Spain over the case since last year. After the complaint, the Spanish government will have two months to respond. After that, the Commission can challenge the Spanish government at the EU’s top court, in a procedure which could last years and result in major

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Banking

Italian court hands Meloni partial victory in UniCredit banking merger battle – POLITICO

Earlier this year Italy used foreign investment screening powers — or ‘golden power’ — to impose harsh conditions on UniCredit’s bid for BPM. UniCredit appealed the decision claiming that the conditions are disproportionate and effectively prevent it from doing the deal. The court said on Saturday that the government should review two of the conditions

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Banking

Two visions of European finance clash at elite Italian banking gathering – POLITICO

It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is

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Loans

Collection on defaulted student loans to restart May 5

The change will lead to garnished wages and benefits for more than 5 million Americans starting this summer. Collection of defaulted student loans to resume May 5: What to know Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting. That’s about to change on May 5. WASHINGTON

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Crypto

Supreme Court Dismisses Plea Seeking Guidelines Against Fraudulent Cryptocurrency Transactions

The Supreme Court recently dismissed a petition seeking guidelines from the Court in exercise of its jurisdiction under Article 142 of the Constitution to prevent and penalize fraudulent transactions involving cryptocurrencies. A bench of Justices BR Gavai and AG Masih passed the order, being of the view that the prayers made were within the domain

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Crypto

XRP Price Spikes Over 13% As SEC Drops Crypto Case Against Ripple

Ripple announced that the SEC’s lawsuit against the firm is over. Ripple Labs’ XRP cryptocurrency spiked over 13% on the news. It is another indicator of shifting regulatory tides for crypto under the Trump administration. The US Securities and Exchange Commission is dropping its case against Ripple, the blockchain firm that fell into regulatory crosshairs

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Loans

Government shutdown and services that would be reduced or closed

Chuck Schumer to vote to advance GOP funding bill Democratic Senator Chuck Schumer says he will vote for the GOP funding bill to avoid a government shutdown. The Senate will vote on a stopgap funding bill to avert a government shutdown. Democrats may vote against the bill in protest of President Trump’s policies. If the

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