The Federal Reserve recently issued a cease-and-desist order against United Texas Bank, citing major shortcomings in the bank’s compliance with anti-money laundering (AML) laws, particularly in its dealings with cryptocurrency clients. The Federal Reserve Bank of Dallas, in collaboration with the Texas Department of Banking, conducted an examination in May ... Read more
One of crypto’s fierce advocates and XRP enthusiast John E. Deaton recently secured the GOP nomination, for the upcoming Massachusetts Senate race where he will face off against veteran Democratic challenger Elizabeth Warren on Nov. 5. Deaton garnered significant support from the crypto community, securing 65% of the vote, making it a ... Read more
The U.S. Commodity Futures Trading Commission (CFTC) has issued a penalty order against Uniswap Labs, alleging illegal involvement in leveraged or margined retail commodity trading through its decentralized digital asset protocol. According to the CFTC, Uniswap Labs allowed U.S. users to trade leveraged tokens without proper authorization, leading to regulatory ... Read more
Shiba Inu’s marketing guru Lucie provided an overview of the Shibarium blockchain and its evolving role in the meme coin ecosystem. In a recent post, the top exec emphasized that the layer-2 protocol will serve as the central hub for all assets and applications within the SHIB ecosystem. Reiterating a ... Read more
The U.S. Securities and Exchange Commission (SEC) has issued a Galois Capital Management LLC Florida crypto asset investment advisory firm a civil penalty of $225,000. This action follows Galois’s noncompliance with the necessary regulations to ensure the protection of the customer’s assets and the firm’s misleading statements about the redemption ... Read more
Popular crypto analyst Egrag Crypto provided new price target for XRP, believing that the cryptocurrency may reach the critical price level by May 2025. This is a change from his earlier forecast, which had expected a rally to begin in July 2024 based on a different historical cycle. Earlier, Egrag ... Read more
Circle’s USDC, a leading dollar-pegged stablecoin, has achieved a significant milestone, surpassing a total transaction volume of $16 trillion. This achievement underscores the token’s growing popularity and acceptance within the cryptocurrency ecosystem. Launched in 2018, USDC has steadily gained traction, amassing a circulating supply of approximately $34.6 billion. While it ... Read more
The FBI has issued a serious warning about North Korean cybercriminals, who are getting increasingly interested in targeting the web3 industry employees to steal their crypto assets. These high-tech attacks, led by the DPRK, are carefully crafted and difficult to spot and are aimed mainly at people who work in ... Read more
Ethereum has surpassed Bitcoin in terms of wallet growth. According to Santiment’s latest insights, ETH’s holder base continues to climb steadily whereas Bitcoin posted a slight decline in the total number of holders over the past three months. The divergence in wallet growth highlights ETH’s growing popularity and utility as ... Read more
Bitcoin (BTC) is currently demonstrating robust support at its current levels, positioning itself for potential upward movement. Historically, September tends to be a bearish month not only for cryptocurrencies but across various asset classes. However, October has shown a significantly stronger bullish trend, with BTC recording an average gain of ... Read more
