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
Opeyemi is not just your average writer, he is a passionate enthusiast in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has found himself deeply engaged in it for over two years now. What sets Opeyemi apart is his dedication to unraveling the complexities of blockchain technology and shedding light
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
Ethereum (ETH) is currently facing a significant challenge as it experiences selling pressure and fear in the market, leading to a 23% decline in its price, dropping to yearly lows at $2,200. Investors are particularly concerned about the ongoing underperformance of ETH compared to Bitcoin, a trend that has been persistent since September 2022. This
As the crypto market remains turbulent and unpredictable, there is a notable surge in whale activity among large investors. Data intelligence firm Santiment has conducted an analysis revealing the top ten crypto projects experiencing a significant increase in whale activity. In this context, whales are referred to as investors who carry out transactions valued at
The recent Bitcoin and crypto market crash have left prices in the red across the board. This drop in prices has caused sentiment among crypto investors to plummet rapidly, pushing the Fear & Greed Index into the Extreme Fear territory. The Fear & Greed Index is a key indicator of investor sentiment towards the market,
Trading in the financial markets can be both exhilarating and nerve-racking. The need for close attention and rapid decision-making can be overwhelming for many traders, regardless of their experience level. This is where trading bots come in, serving as automated assistants that can simplify the trading process for individuals. By handling the heavy lifting, these
Recent developments in the world of cryptocurrency have shown that Ethereum has entered oversold territory, signaling a potential price rally on the horizon. Crypto analyst Titan of Crypto highlighted in a recent post that Ethereum is ready for liftoff, as it historically sees a rally whenever the relative strength index (RSI) is in or near
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently dropped to its lowest level in the year, resembling the statistics from back in October 2023. This particular decrease in UTXOs aligns with the current downward trend in bitcoin’s price and the broader crypto market. It’s crucial to note that analyzing UTXOs is
Toncoin (TON) was once riding high on a bull run at the beginning of 2024, reaching an impressive all-time high of nearly $8.20 in mid-June. However, the tides quickly turned towards the end of August, leading to a 40% decrease in price, settling around $4.80. The downfall can be attributed to negative news surrounding Pavel