The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) sheds light on significant deficiencies in the institution’s governance and compliance practices. Particularly troubling were the shortcomings in adhering to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. This lack of oversight
Crypto
The current state of Ethereum reflects a prominent bearish trend that has caused fear and uncertainty among market participants. The decline in Ethereum’s price, marked by a sharp pullback to the lower boundary of a broken wedge, has been further exacerbated by the formation of a death cross. This technical indicator, where the 100-day moving
The cryptocurrency market has always been known for its volatility, and this unpredictability seems to have been heightened in recent times. Despite the market dipping, there has been a surge in whale activity among large investors. A recent analysis by data intelligence firm Santiment has shed light on the top ten crypto projects experiencing the
The recent drop in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit to its lowest level of the year, similar to levels last seen in October 2023, has raised concerns among investors. This decline in the metric is closely associated with the current downturn in bitcoin’s price as well as the downward trend
The recent US jobs report released on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This lackluster job growth has raised concerns about the state of the economy and has led to speculation about the actions that the US Federal Reserve may take
Toncoin (TON) has recently experienced a significant drop in price, trading 40% lower than its June high. This downward trend has left nearly 80% of its investors facing losses, reflecting a stark contrast to the bullish run the cryptocurrency had earlier in 2024. Impact of Negative News The decline in Toncoin’s price can be attributed
The influence of social narratives on the cryptocurrency market cannot be underestimated. Investors who are well-versed in these narratives have a significant advantage in making informed decisions that can safeguard their investments. The research conducted by Santiment sheds light on some of the key narratives that have shaped the market dynamics this year. Understanding these
In a groundbreaking move, the Future Forward USA PAC has opened its doors to accept cryptocurrency donations through Coinbase Commerce. This decision marks a significant shift in the traditional ways political campaigns raise funds and showcases a growing acceptance of digital currencies in the political arena. Initially causing confusion with comments made by Coinbase Chief
Ripple has recently announced that Yonsei University in South Korea has joined its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of another prestigious academic institution to Ripple’s global network of partners, bringing the total number of UBRI partnerships to 58. Yonsei University will be embarking on a multi-year research initiative focused
Bitcoin’s price dipped below $56,000 recently, sparking concerns about a potential downtrend. Arthur Hayes, co-founder of BitMEX, warned of a worst-case scenario where the price could gradually decline to $50,000. His analysis is based on the broader macroeconomic environment, highlighting the impact of the Federal Reserve’s actions and US Treasury market dynamics. Hayes pointed out
