FDIC warns OKCoin USA over misleading claims of FDIC insurance backing. U.S. banking regulators might enforce action for violating U.S. banking law. OKCoin...

The Federal Deposit Insurance Corporation (FDIC) has initiated an investigation into OKCoin USA Inc. (OKCoin) and its senior executives for alleged false and misleading...

The agency cited three examples of “false and misleading representations,” including a mention on its website that the Provenance Blockchain’s HASH token on OKCoin...

FinTechs are facing an existential crisis now that the age of easy access to capital is over. Investors — running the gamut from private...

Bitcoin gained traction not too long ago even though the Federal Reserve announced it was hiking rates another 0.25 basis points. Bitcoin Remains Strong This is...

Monese 4.0Monese is a UK firm that provides alternatives to conventional banks by providing banking transactions and account services. Read our review BankProv 3.5BankProv, previously...

Bank of America saw noninterest expenses increase year over year as employee and technology costs increased during the first quarter of 2023.  WHY...

First they ignore you, then they laugh at you, then they fight you. And then you win. A mere 15 years after the fallout from...

SNEAK PEEK First–Citizens Bank & Trust Company has acquired Silicon Valley Bridge Bank, National Association. First–Citizens Bank & Trust Company’s deposits are FDIC-insured up...

This is a guest post by Conor Chepenik. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or...

US stocks are rising as Wall Street digests what might be the Fed’s last rate hike and Secretary Yellen’s comment on blanket deposit...

US officials are reportedly studying ways to expand deposit insurance coverage to protect depositors and prevent capital from being pulled from smaller banks to...