Recently, the Federal Reserve issued a cease and desist order to United Texas Bank (UTB) on August 29, 2023. This order came after an examination conducted by the Federal Reserve Bank of Dallas and the Texas Department of Banking earlier in May of the same year. The examination revealed alleged deficiencies in the bank’s corporate
The recent revelation by Coinbase CFO Alesia Haas regarding Vice President Kamala Harris’s campaign using Coinbase Commerce to accept crypto donations has sparked interest and raised questions about the intersection of politics and the cryptocurrency industry. This development provides insights into the evolving landscape of fundraising and the increasing acceptance of digital assets in mainstream
In a recent development, a Nigerian court has decided to postpone the decision on the bail application for the detained Binance executive, Tigran Gambaryan, until October 9th. This decision came after arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho were heard by Judge Emeka Nwite on September 4th. The bail
India’s Financial Intelligence Unit (FIU-India) is in the process of reviewing requests from offshore crypto exchanges to resume operations in the country. This move comes after the FIU imposed bans on four exchanges for non-compliance with anti-money laundering (AML) laws. The agency has made it clear that compliance with Indian financial regulations is a top
Dogecoin (DOGE) is currently facing significant challenges in the market, with bearish forces dominating the price action. Trading below a key descending trendline, DOGE is under mounting pressure that could potentially push the price towards the critical $0.09149 support level. The bearish trendline is proving to be a formidable resistance, and any failure to hold
The XRP price struggle to reach $100 has been a topic of concern for many investors in the crypto community. While some may attribute this struggle to Ripple’s legal battle with the SEC, a crypto analyst has identified a different reason behind this ongoing issue. According to the analyst, the main reason for XRP’s struggles
On September 6, the price of Bitcoin fell below $54,000, triggering a wave of selling among traders in the crypto market. This drop in price was influenced by macroeconomic developments that presented a pessimistic outlook for Bitcoin. Bitcoin’s price decline can be attributed to the release of a weak job report for the month of
PEPE is currently facing intense bearish pressure, with its price trending downward toward a critical support level at $0.00000589. Recent market actions have shown that the bears are firmly in control, pushing the token closer to this key threshold. As sellers continue to dominate, the question arises as to whether the bulls can step in
Opeyemi is not just a writer, but a passionate enthusiast in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become completely engrossed in this unique realm for over two years. He takes pride in his ability to create compelling pieces that demystify the complexities of blockchain technology and provide
The recent market crash in the Bitcoin and crypto industry has caused widespread panic among investors, leading to a sharp decline in prices. This market turmoil has resulted in the Fear & Greed Index plummeting into Extreme Fear territory, indicating that investors are hesitant to invest in the market. However, this negative sentiment could potentially
