Crypto

United Texas Bank (UTB) has recently come under fire from the U.S. Federal Reserve for significant deficiencies in its governance, particularly regarding anti-money laundering (AML) laws and risk management associated with virtual currency customers and foreign correspondent banking. An examination conducted in May 2023 uncovered shortcomings in board oversight and senior management’s handling of compliance
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In recent times, Ethereum has been facing a bearish outlook, characterized by a significant downtrend. This negative trend has sparked fear and uncertainty among market participants, leading to a decrease in investor interest. The rejection at the lower boundary of a multi-month wedge and key Fibonacci levels has confirmed the presence of strong selling pressure
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The recent release of the US jobs report has caused a stir in the financial markets, particularly in the cryptocurrency sector. Contrary to general expectations of over 160,000 job positions to be filled, the report revealed that local employers added only 142,000 new jobs in August. This shortfall has led to speculation about the future
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The Future Forward USA PAC, which supports Vice President Kamala Harris’ presidential campaign, has recently made headlines by accepting cryptocurrency donations through Coinbase Commerce. This move signifies a shift in the way political campaigns are funded and could potentially have a lasting impact on future elections. Initially, there was some confusion surrounding comments made by
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Bitcoin’s price dipped below $56,000, signaling a continuing downtrend in the market. The possibility of the cryptocurrency dropping even further to $50,000 was suggested by Arthur Hayes, the co-founder and former CEO of BitMEX. Hayes’ bearish prediction is based on various macroeconomic factors, including the actions of the Federal Reserve and dynamics in the US
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