Crypto Cast As The Villain, But Banks Quietly Move Billions In Suspect Funds
FinCEN on Thursday put banks and other financial firms on notice about a sprawling set of Chinese crypto and money laundering networks, saying they play a major role in moving illicit funds tied to Mexico-based drug cartels and other crimes. Related Reading: Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report According to the […]
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Based on an SEC filing, Amplify — an asset manager overseeing $12.6 billion — has submitted paperwork for an XRP Option Income ETF that it plans to list on the Cboe BZX Exchange and start trading in November. Related Reading: Crypto Cast As The Villain, But Banks Quietly Move Billions In Suspect Funds Rather than […]
Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies. JPMorgan Chase has quietly begun giving its wealth management clients access to six cryptocurrency investment funds, CNBC reported Thursday, citing people with knowledge of the move. On Thursday, the bank’s financial advisors were allowed to begin placing private bank clients into a new bitcoin fund created by crypto firm New York Digital Investment Group (NYDIG), a subsidiary of....
Since the 2008 financial crisis, twenty of the world's largest banks including JPMorgan, Citibank and HSBC have paid over US$235 billion in fines. Interestingly, the majority of the fines derived from the banking system's inefficiency and failure to keep track of sold mortgages and insurance products. According to the financial data provided by news agency Reuters, fines for U. S. mortgages have accounted for nearly US$150 billion, with America's biggest banks including Bank of America, JPMorgan and Citigroup being fined for billions of dollars due to their non-fulfilment in maintaining a....
Retirement managers in 14 US states have quietly added 632 million in Strategy stock to their portfolios. That bet comes as a way to tap into Bitcoin’s gains without buying the coin itself. It’s a move that has gathered steam over just one quarter. Related Reading: Bitcoin Bandits Busted: DOJ Charges 12 In $263 Million Cyber […]
A fresh wave of on-chain activity shows billions of Shiba Inu (SHIB) tokens shifting hands through a major market maker. This large-scale transfer points to behind-the-scenes moves that could redefine how SHIB is positioned in the market, underscoring the meme coin’s continued presence among high-volume players. Wintermute Moves Billions Of SHIB To Exchange Shiba Inu […]