Overview City National Bank, a Los Angeles-based lender, will pay a $65 million fine for violating the Bank Secrecy Act and engaging in unsafe practices. The Office of the Comptroller of the Currency (OCC) issued a cease-and-desist order requiring the bank to address systemic deficiencies. The bank has agreed to pay the fine and take…
Victoria VR (VR), a blockchain-based virtual reality metaverse, made headlines on Friday with a 24% surge in its token value. The project teased an upcoming app release on the new Apple Vision Pro headset, capturing the attention of investors. Victoria VR: A Virtual Reality Metaverse Victoria VR is a massively multiplayer online role-playing game (MMORPG)…
Lax Security Measures and Deceptive Practices Alleged New York Attorney General Letitia James has filed a lawsuit against Citibank, accusing the banking giant of failing to protect its customers from fraud, deceiving them about their rights, and refusing to reimburse fraud victims as required by law. Weak Digital Defenses The lawsuit alleges that Citibank’s digital…
Crypto analyst Justin Bennett warns that Bitcoin (BTC) may experience further price declines based on the Tether dominance chart (USDT.D). He believes the market bottom for BTC may not have been reached yet. Tether Dominance Chart Traders often monitor the USDT.D chart to assess the proportion of the crypto market cap held in the stablecoin…
Coinbase analysts believe that the crypto market may be heading towards a more favorable trading environment as downside pressures ease. Market Improvement Signs Liquidations from bankrupt crypto exchange FTX and financial troubles of crypto lender Celsius are clearing up. Net inflows into US spot Bitcoin ETFs have averaged over $200 million daily in the past…
Total Value Locked (TVL) Increases by 7% Crypto intelligence platform DappRadar reported a 7% increase in the total value locked (TVL) in the decentralized finance (DeFi) sector in January, reaching $110 billion. This marks the highest TVL since 2022. TVL represents the amount of capital deposited within a protocol’s smart contracts and is often used…
Fetch.ai (FET) A renowned crypto analyst known as The Flow Horse predicts a positive trend for the decentralized artificial intelligence platform Fetch.ai (FET). The analyst notes a rise in open interest (OI) and trading volume, indicating bullish sentiment. FET is poised to turn the $0.56 level into support, potentially leading to a rally. At the…
So, let’s talk about Shiba Inu’s recent journey on the price rollercoaster. Things started going south around December 17, 2023, when the price got a cold shoulder from a diagonal resistance trend line. Not the best start to the holiday season for our Shiba friend. Currently, SHIB finds itself below a horizontal support zone, tangled…
In the dynamic realm of financial services, the age-old tradition of relying on banks to manage funds is undergoing a transformative shift, thanks to the advent of Web3 and blockchain technology. This emerging paradigm places consumers at the forefront of financial transactions, challenging the conventional lending model. Embracing Web3: A New Approach to Lending Web3…
In the midst of Delaware’s recent legal upheavals affecting major companies, Balaji Srinivasan, the former Chief Technology Officer (CTO) of Coinbase, has sparked an intriguing conversation. He’s championing Decentralized Autonomous Organizations (DAOs) on Ethereum and Solana, presenting them as promising options for those looking to escape the troubles of the corporate world. An Out-of-the-Box Solution?…
