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Weekly overview

Read more about the article Customers Bank to strengthen AML compliance after Fed scrutiny

Customers Bank to strengthen AML compliance after Fed scrutiny

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined. The directors of crypto-friendly Customers Bancorp and its subsidiary Customers Bank, headquartered in Malvern, Pennsylvania, will polish…

Continue ReadingCustomers Bank to strengthen AML compliance after Fed scrutiny
Read more about the article Bitrace warns of new crypto scam using QR codes

Bitrace warns of new crypto scam using QR codes

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

The scam starts with a small payment of USDT to the user. According to a social media post by blockchain analysis firm Bitrace, scanning the wrong QR code could drain…

Continue ReadingBitrace warns of new crypto scam using QR codes
Read more about the article Russia legalizes Bitcoin and cryptocurrency mining

Russia legalizes Bitcoin and cryptocurrency mining

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system. Russian President Vladimir Putin approved legislation to reduce its reliance on…

Continue ReadingRussia legalizes Bitcoin and cryptocurrency mining
Read more about the article CFTC announces $1M award for crypto whistleblower

CFTC announces $1M award for crypto whistleblower

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

The notice came the same day a judge approved a $12.7 billion settlement between defunct crypto exchange FTX, Alameda Research and the US Commodity Futures Trading Commission. The United States…

Continue ReadingCFTC announces $1M award for crypto whistleblower
Read more about the article Why is Ethereum losing market share to Bitcoin?

Why is Ethereum losing market share to Bitcoin?

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Ethereum’s underperformance against Bitcoin is largely due to competition from Solana and the weaker-than-anticipated debut of its spot ETFs. Ethereum’s native token, Ether (ETH), plunged to its lowest point in…

Continue ReadingWhy is Ethereum losing market share to Bitcoin?
Read more about the article X halts ads for Premium+ users as Musk lawsuit challenges First Amendment

X halts ads for Premium+ users as Musk lawsuit challenges First Amendment

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Musk may finally be acknowledging the sun has set on X’s ad sales, but he isn’t going quietly into that good night. The X social media platform announced on Aug.…

Continue ReadingX halts ads for Premium+ users as Musk lawsuit challenges First Amendment
Read more about the article Miner profitability falls to record lows — Blocksbridge

Miner profitability falls to record lows — Blocksbridge

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues. Miner hashprice, a metric that gauges mining profit margins, has fallen below $36…

Continue ReadingMiner profitability falls to record lows — Blocksbridge
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