Customers Bank to strengthen AML compliance after Fed scrutiny
The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined.
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Bitcoin startups get dedicated crowdfunding platform
Crowdfunding platform Timestamp wants to offer a funding alternative for Bitcoin-based startups.
XRP price rallies 91% in a month due to 3 fundamental factors
In the past month, the price of XRP rallied 91% as the digital asset at last found some spark and is now playing catch up with Bitcoin (BTC) and Ether (ETH). The likely catalysts for the XRP rally are the rise in unique addresses, buybacks from Ripple, and the possibility of a new product realease.XRP/USD weekly…
US Holding Firm Halted Mining Business After Bitcoin Crashed Below $4K
Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures.Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings, a Nasdaq-listed holding company, announced that it is temporarily shutting down its cryptocurrency mining business, Digital Farms.DPW notifies the…
Malware exploits weak passwords in PostgreSQL for cryptojacking
Up to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity.
Is Bitcoin bullish or nah? Here is what is really going on with BTC price
Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve. Apparently, such a move would prove that the Fed’s only available option is to print into oblivion, further diminishing the value of the dollar and enshrining Bitcoin (BTC) as the world’s future reserve asset and…
FinCEN Director Notes Improved Oversight of Cryptocurrency Industry
The director of the Financial Crimes Enforcement Network (FinCEN) says the cryptocurrency industry has begun to fall in line with the agency’s regulations on money transmission services.In a speech delivered at the American Bankers Association/American Bar Association Financial Crimes Enforcement Conference on Dec. 10, Kenneth A. Blanco claimed that FinCEN’s May 2019 guidance was having…
Standard Chartered plans European crypto exchange after HSBC says ‘no’ to industry
United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say.According to Reuters on June 2, StanChart has partnered with Hong Kong exchange owner BC Technology Group to launch a platform for the U.K. and European institutional market.Standard Chartered: Crypto is "here to stay"The bank has long…