The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), citing “significant deficiencies” in governance related to anti-money laundering (AML) laws and risk management for virtual currency customers and foreign correspondent banking. This order comes after an examination conducted in May 2023, revealing shortcomings in board oversight and senior management’s handling
Crypto
Ethereum has been experiencing a significant downtrend recently, causing concern and unease among investors. The decline was triggered by a pullback to the lower boundary of a broken wedge pattern, accompanied by the formation of a death cross, where the 100-day moving average moves below the 200-day moving average. This series of events has reinforced
In the ever-changing world of cryptocurrency, one thing remains constant – the presence of whales. These large investors, known for executing transactions valued at $100,000 or more, play a crucial role in shaping the market. According to data intelligence firm Santiment, the top ten crypto projects with the highest increase in whale activity have been
The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This underwhelming performance brought the three-month average to 86,000, significantly lower than the 202,000 jobs added the previous year. Despite the lackluster job growth, there was a silver lining in
Toncoin (TON) has recently experienced a significant drop in price, with it currently trading 40% lower than its peak in June. This sharp decline has left nearly 80% of its investors at a loss, highlighting the impact of negative news on the cryptocurrency market. The price of Toncoin started declining after the arrest of Pavel
The current percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has reached its lowest point so far this year, resembling levels last seen back in October 2023. This significant decrease in the UTXOs metric coincides with the ongoing downward trend in the price of bitcoin (BTC) and the general decline in the cryptocurrency market.
In the fast-paced world of cryptocurrency trading, staying updated on the latest news, trends, and community discussions is crucial for investors looking to make informed decisions. The market is highly responsive to social narratives, and having a deep understanding of these narratives can give traders an edge in protecting their portfolios and investments in digital
Cryptocurrency donations are now making a significant impact on political campaigns, as evidenced by the recent decision of the Future Forward USA PAC to accept crypto donations through Coinbase Commerce. This move has shed light on the evolving stance of Democrats towards digital currencies and the role they may play in shaping future legislation. Clarification
Ripple recently announced its partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of Yonsei University as the 58th partner in Ripple’s global UBRI program, with 12 of these partnerships located in the Asia Pacific region. Yonsei University will be engaged in a
The U.S. Securities and Exchange Commission recently announced charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. The SEC found that Galois failed to ensure that the crypto held by the private fund it advised was with a qualified custodian, instead opting for unqualified platforms like FTX. This decision led
