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....
Recent fund flow data across US-listed crypto investment products is revealing a notable divergence in investor behavior, as Ethereum-focused funds continue to shed billions in capital, and XRP-linked products are recording steady inflows that now place them among the strongest performers in the Spot crypto ETF market. Data from SoSoValue shows that this divergence has […]
At Bitcoin MENA 2025 in Abu Dhabi, Michael Saylor used his keynote to deliver a clear message: major US banks have quietly pivoted from excluding Bitcoin to actively building products on top of it – and they are now coming directly to him. “In the past six months I have noted and been approached by […]
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....