46 states reach $45 million Cash App settlement with Block over fraud

The post Texas leads the US in crypto kiosk scams with $56.8 million stolen appeared on BitcoinEthereumNews.com. About 1,200 people in Texas lost a total of $56.8 million last year to scams that used cryptocurrency kiosks. According to FBI complaint data, that’s more than any other state and about twice as much as was stolen in Florida, which came in second. Prosecutors and sheriffs are pushing the state to regulate crypto ATMs that it doesn’t even watch because of the losses. Many of these kiosks, which look like ATMs, can be found in Texas gas stations, grocery stores, and convenience stores. However, no organization keeps track of the exact number. People can put cash into the machines, buy cryptocurrency, and very quickly have it sent to a wallet address. Con artists only care about speed. Once the money arrives, the con artists split it up among many wallets and mix it with clean money. According to the Texas Financial Crimes Intelligence Center, victims have only 36 to 48 hours t

The post Block Inc Cash App $45M Settlement Over Fraud Failures appeared on BitcoinEthereumNews.com. When millions of Americans — many of them without traditional bank accounts — downloaded Cash App and started treating it as their primary financial home, they were told it was as safe as a bank. Regulators say that promise was false. Now, Block Inc., the Jack Dorsey-led company behind Cash App, has agreed to pay $45 million to settle allegations brought by nearly every U.S. state, resolving one of the most significant consumer protection actions ever taken against a mobile payments platform. Key takeaways Block Inc. agreed to a $45 million settlement with regulators from almost every U.S. state over Cash App fraud protection failures. Regulators alleged Cash App was marketed as being as secure as a traditional bank, a claim investigators say was misleading. The company was accused of lacking a consistent fraud detection system and failing to operate a functioning scam-reporting hotline

The post Jack Dorsey’s Spiral Expands Into AI With Goose Team appeared on BitcoinEthereumNews.com. Spiral has brought in the core team behind Block’s Goose AI framework. The goal is to turn Goose into a bigger open‑source platform for autonomous AI agents. Jack Dorsey believes that both Bitcoin and AI should develop as open ecosystems. Jack Dorsey’s Bitcoin open‑source project, Spiral, is moving beyond Bitcoin infrastructure and stepping into agentic AI. It was reported that Spiral has brought in the core team behind Block’s Goose AI framework to turn Goose into a bigger open‑source platform for building autonomous AI agents. In the past, Jack Dorsey has said that both Bitcoin and AI should develop as open ecosystems rather than being locked up by a few large tech companies. As such, this announcement aligns with his views and strategy. What is Spiral? Spiral is an independent, open-source project funded by Block, Jack Dorsey’s fintech company. It started as Square Crypto but rebranded

This settlement signals increased regulatory scrutiny on fintechs, potentially reshaping compliance standards for consumer protection. The post Block pays $45M to settle fraud allegations from New York and 45 other states appeared first on Crypto Briefing.

The post Wall Street analyst sets Nvidia stock price for 12 months appeared on BitcoinEthereumNews.com. Vivek Arya, a Wall Street analyst at Bank of America Corp. (NYSE: BAC), has maintained a bullish outlook for Nvidia Corp. (NASDAQ: NVDA), as investors wonder why Nvidia stock is down as of July 8. Arya reiterated a Buy rating for Nvidia stock on July 7 in a note to clients. He further set his 12-month price target for NVDA shares at $350, implying a potential rally of about 77.4%, as the company’s stock traded at about $197.30 at press time. The analyst argued that the recent Nvidia stock pullback aligns with historical weak seasonal patterns. Nonetheless, Arya anticipates the company’s stock market to rebound in the near term, fueled by rising global cloud demand amid growth in AI (Artificial Intelligence) infrastructure. Specifically, Arya’s bullish Nvidia stock forecast for 2026 and beyond is bolstered by the ongoing tokenization of real-world assets (RWA) and the adoption of AI a

Toyota's reshoring move highlights a shift in global supply chains, impacting capital flows and boosting blockchain's role in supply chain management. The post Toyota’s $3.6B Texas bet signals a reshoring wave that crypto-adjacent supply chain plays should watch appeared first on Crypto Briefing.

The investigation could destabilize Argentina's football governance, impacting financial transparency and trust in sports institutions globally. The post Argentine Football Association under investigation for fraud and money laundering as raids target soccer clubs appeared first on Crypto Briefing.

The post Terawulf and Anthropic Sign 20-Year AI Data Center Lease Worth $19 Billion appeared on BitcoinEthereumNews.com. Key Takeaways Terawulf signed a 20-year Anthropic lease worth about $19B in contracted revenue. Fluidstack will buy Terawulf’s 50.1% Abernathy stake, freeing capital for AI growth. Justified Data targets 401 MW by early 2028, with AI campuses driving future expansion. Terawulf Advances AI Strategy With Anthropic Lease and Texas Asset Sale Terawulf is reshaping its data center strategy around large-scale artificial intelligence (AI) infrastructure, securing a long-term lease with Anthropic while moving to exit a Texas joint venture. The company said it has signed a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement is expected to generate about $19 billion in contracted revenue over the initial lease term. The campus will support about 401 megawatts of critical IT load and will be developed in phases. Initial capacity is e