July 12, 2025

technology

Banking

The CFPB plans to kill the 1033 rule. Open banking lives on

If you asked the average person on the street if they would like their bank account data to be treated in the same way as data on Instagram or Facebook — that is, shared with advertisers, vendors and service providers — the response would be a resounding: “No! Absolutely not!” Yet every day, millions of

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Crypto

Crypto crime spills over from behind the screen to real-life violence

HARTFORD, Conn. (AP) — A man says he was tortured for weeks in a New York townhouse. Another in Paris was held for ransom and his finger cut off. A couple in Connecticut were carjacked, beaten and thrown into a van. All, authorities allege, were victims tied to cryptocurrency-related crimes that have spilled out from

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Crypto

Kidnapped cryptocurrency holder highlights “wrench attacks” for digital assets

“Criminal groups already comfortable with using violence to achieve their goals were always likely to migrate to crypto,” Ariss said. Some of the crypto’s key characteristics help explain why wealthy individuals who hold a lot of digital assets can be ripe targets for such attacks. Get Starting Point A guide through the most important stories

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Investors

What investors need to know right now

Adria Cimino  |  The Motley Fool Foxconn plans huge Taiwan AI data center with Nvidia Taiwan’s Foxconn, the world’s largest contract electronics maker, said on May 20 that an artificial intelligence center it announced with Nvidia will be built in phases and is targeted to have 100 megawatts of power. All eyes are on Nvidia

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Finance

EU Commission attempts finance boost to keep start-ups in Europe

By Cynthia Kroet & Peggy Corlin Published on 28/05/2025 – 15:21 GMT+2 ADVERTISEMENT The European Commission launched a strategy designed to foster and grow small tech start-up companies on Wednesday as part of a broader Choose Europe initiative aimed at competing with China and the US. The document sets out key actions to help companies set up and

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Banking

Citizens brings commercial customers into open banking API

If a business wants to let a software program consume its banking data, it typically needs to go through a long series of processes, involving extensive paperwork and implementation, to do so. Citizens Bank is removing this pain point for its commercial customers by including them in the bank’s recently-launched open banking software. The trend

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Crypto

Senate advances legislation to regulate stablecoins, a form of cryptocurrency

WASHINGTON — The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure. Monday’s 66-32 procedural vote keeps one of President Donald Trump’s top legislative priorities on track for passage and highlights the growing political strength of the cryptocurrency industry, which spent

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Crypto

Cryptocurrency extortionists in Paris sever kidnap victim’s finger

PARIS: Criminals kidnapped the father of a cryptocurrency entrepreneur in Paris and severed one of his fingers to extort millions from him. The police managed to free the kidnapping victim and arrest the suspects through an extraordinary operation, French Interior Minister Bruno Retailleau confirmed on May 4. The suspects are five men aged between 20

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Banking

ANZ to scrap internet banking passwords for one million ANZ Plus customers in Australia-first security move

One million Australians will soon be internet banking without a password. ANZ Bank is scrapping the security feature for ANZ Plus customers as it rolls out internet banking to them within months and replacing password protection with two other methods, the bank revealed on Thursday. ANZ Plus is already a totally digital banking service launched

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Investment

$100B US investment hinges on federal support

Nichola Groom  |  Reuters April 29 — Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington. The American Clean Power Association, a trade group that represents energy storage companies, said

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