Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the […] Source: https://news.bitcoin.com/senator-warren-slams-citibanks-ongoing-failures-suggests-breaking-up-citi/
Binance Is Playing Offense—Not Just Defense—Against Crypto Crime, Says Head of Financial Investigations Nils Anderson Röed, the exchange’s global head of financial investigations, sat down with Decrypt’s Sander Lutz at Messari Mainnet 2024 to discuss how Binance is proactively dismantling criminal networks around the world, the strategy with which the crypto exchange is approaching sensitive conflicts in the Middle East,…
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track the illicit funds, leading to their freeze and eventual federal seizure. […] Source: https://news.bitcoin.com/us-government-seeks-forfeiture-of-200000-usdt-tied-to-bitcoin-theft-in-ohio/
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s […] Source: https://news.bitcoin.com/bitcoin-gains-expected-as-us-jobs-data-drives-fed-rate-cuts-analyst-says/
David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme,” which netted an estimated $8.4 million from victims. Source: https://cointelegraph.com/news/founder-of-crypto-ponzi-icomtech-receives-10-year-prison-sentence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price and the U.S. presidential race. Former President Donald Trump’s improving odds could enhance bitcoin’s long-term outlook, but a […] Source: https://news.bitcoin.com/standard-chartered-sees-buying-opportunity-as-bitcoin-nears-60k-dip/
The late cryptographer and privacy advocate is in the spotlight because bettors on Polymarket think he may be identified as Satoshi Nakamoto. Source: https://cointelegraph.com/news/len-sassaman-satoshi-nakamoto-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity with the U.S. in two to three […] Source: https://news.bitcoin.com/russian-bitcoin-mining-industry-could-surpass-the-u-s-in-2-years/
BBVA, one of Spain’s largest financial institutions, has announced plans to launch its stablecoin product by 2025. The organization is currently in the sandbox stages and will be developed in partnership with credit giant Visa as part of one of the first projects using its services to launch stablecoins. BBVA Plans to Launch Stablecoin in […] Source: https://news.bitcoin.com/bbva-to-launch-visa-backed-euro-pegged-stablecoin-next-year/
Elon Musk-inspired Telegram game X Empire turned off its gameplay on Monday ahead of the planned X token airdrop—and then brought it back on Wednesday with a short “Chill Phase” that will last about two weeks before the late October token launch on The Open Network (TON). In this last sprint before the airdrop, X Empire has reset all progress,…
