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Riot Platforms Taps $100M Bitcoin-Backed Credit From Coinbase to Turbocharge Expansion

Riot Platforms Taps $100M Bitcoin-Backed Credit From Coinbase to Turbocharge Expansion

Riot Platforms has arranged a $100 million bitcoin-backed credit facility with Coinbase Credit. The 364-day loan, pegged to the federal funds rate ...
Scammers Hit iPhone and Android Users, Drain Bank Accounts in ‘Astronomical’ Attack Targeting Americans’ Smartphones

Scammers Hit iPhone and Android Users, Drain Bank Accounts in ‘Astronomical’ Attack Targeting Americans’ Smartphones

Scammers are hitting Americans’ iPhones and Android devices in a widespread campaign to drain bank accounts. The FBI says more than 2,000 complaint...
2,300,000 Credit and Debit Cards Leaked on Dark Web As Hackers Infect Millions of Devices, Drain Bank Accounts: Report

2,300,000 Credit and Debit Cards Leaked on Dark Web As Hackers Infect Millions of Devices, Drain Bank Accounts: Report

Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, a...
Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics

Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics

A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to h...
$850,000,000,000 in Credit Losses Will Hit Banks This Year As Uncertainty Prevails: S&P Global Forecast

$850,000,000,000 in Credit Losses Will Hit Banks This Year As Uncertainty Prevails: S&P Global Forecast

Market intelligence firm S&P Global predicts banks will incur nearly $1 trillion in credit losses this year despite an improving macroeconomic back...