Pig-butchering crypto scams are a serious and growing problem in St. Louis, Missouri, and across the United States. The FBI’s Internet Crime Complaint Center (IC3) reported that Americans lost $9.3 billion to cryptocurrency-related fraud in 2024, marking a 66% increase from the prior year. Pig butchering schemes accounted for roughly $5.8 billion of those losses….…

Pig-butchering crypto scams are a serious and growing problem in St. Louis, Missouri, and across the United States. The FBI’s Internet Crime Complaint Center (IC3) reported that Americans lost $9.3 billion to cryptocurrency-related fraud in 2024, marking a 66% increase from the prior year. Pig butchering schemes accounted for roughly $5.8 billion of those losses….…

Things we’re reading today include … Digital bank Revolut suffers worldwide outage: everything you need to know Google Cloud down: Revolut and other banking apps crash after system outage Major internet outage appears to have taken down Lloyds Bank and more Bank of England investigates Google outage Google says cloud outage affecting UK banks and……

I’ve been a little bit prolific in writing this year, what with two books in Pulp Finction and Intelligent Bank consistently in the top 10 on Amazon. Now, I have one more new book. It started with a question in my head: how come Pharaohs had so much power? It ended with the colonisation of Mars. The new book Who……

We gave them our data, our money, our businesses and now our intelligence. In return, they gave us convenience. Nobody asked who would end up controlling the world. I have been thinking a lot about the Google Cloud outage this week and the fact that a power failure in a London data centre disrupted banking……

Things we’re reading today include … The single market exists on paper, but not yet in practice Europe’s financial regulators query Google over cloud outage that hit banks Can Nubank Really Crack the US Market? Fintechs top banks and stablecoins for cheap cross-border payment Payment fintech funding doubles in H1 as infrastructure leads Latvia Issues……

When Google Goes Down, Your Bank Goes Down. Who Is Really in Control? We spent decades worrying about banks being too big to fail. Now we have a handful of technology companies that are too important to fail, and yesterday demonstrated why that should terrify us. I’ve recently been blogging and writing about the dangers……

This week’s main blog discussions include … I can see clearly now the clouds have gone When Google Goes Down, Your Bank Goes Down. Who Is Really in Control? We spent decades worrying about banks being too big to fail. Now we have a handful of technology companies that are too important to fail, and……

As Halloween approaches, I was reflecting on death and murder in banking. It is not a new thing for me, as it turns up quite often, but it hit me today with allegations that a former bank chairman arranged for his communications chief to be intimidated, in an operation that ended in his death. People……

Things we’re reading today include … Barclays cutting 5,000 jobs as it increases reliance on AI AI Agents Are Logging Into Bank Accounts And Banks Can’t Tell AI oversight needs a different model to banking (op-ed by CEO of Goldman Sachs) China’s rich turn to U.S. banks as Beijing scrutinizes offshore wealth Healey’s bank heist……