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Wikipedia co-founder says Bitcoin doesn’t work, BTC community snaps back

Coin Telegraph
Wikipedia co-founder says Bitcoin doesn’t work, BTC community snaps back
Banks

BTC proponents argued to Jimmy Wales that banks might work, but they’re not available to everyone and that storing BTC personally and storing fiat via banks are two different things.

Wikipedia co-founder Jimmy Wales took to X (formerly Twitter) on Dec. 11 to take a shot at Bitcoin (BTC), bragging that while many users have lost their Bitcoin because they forgot their wallet passwords, he’s never lost any money due to losing his bank password.

Wales’ comments didn’t resonate well with the wider Bitcoin and crypto community, who snapped back at the Wikipedia co-founder about its dependence on donations to run day-to-day operations.

In his X post, Wales sarcastically claimed that he forgot the password to his bank account and lost all his cash, only to then mock the BTC community by adding, “No, actually, that didn’t happen because banks work and Bitcoin doesn’t.”

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

JPMorgan Chase Denies Claim After $46,000 Stolen From Customer’s Bank Account – But This Client Refused to Take ‘No’ for an Answer

The Daily Hodl
JPMorgan Chase Denies Claim After ,000 Stolen From Customer’s Bank Account – But This Client Refused to Take ‘No’ for an Answer
bank
JPMorgan Chase Denies Claim After ,000 Stolen From Customer’s Bank Account – But This Client Refused to Take ‘No’ for an Answer

A woman who watched scammers steal $46,000 from her bank account says she went all-out after JPMorgan Chase denied her claim. California resident Amanda Moon says her phone was recently taken over by thieves in a SIM-swap attack, reports ABC 7 News. Moon says the loss turned her life upside down when Chase rejected her […]

The post JPMorgan Chase Denies Claim After $46,000 Stolen From Customer’s Bank Account – But This Client Refused to Take ‘No’ for an Answer appeared first on The Daily Hodl.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business

The Daily Hodl
JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business
bank
JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business

A man who says he’s banked with JPMorgan Chase for 18 years has gone viral after accusing the bank of terminating his account with zero warning or explanation. A post on the social site Reddit caught fire as the user reported his Chase cards abruptly stopped working, with his online banking access simultaneously cut off. […]

The post JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business appeared first on The Daily Hodl.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts

The Daily Hodl
Banking Giant Pays 2,900,000 Fine for Helping Americans Hide ,600,000,000 in Secret Accounts
bank
Banking Giant Pays 2,900,000 Fine for Helping Americans Hide ,600,000,000 in Secret Accounts

A private bank in Switzerland has agreed to pay a $122.9 million fine for helping wealthy US citizens hide a staggering $5.6 billion in assets. According to the Justice Department, Banque Pictet & Cie allowed Americans to secretly hold billions of dollars in 1,637 bank accounts from 2008 to 2014. Officials at the Justice Department […]

The post Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts appeared first on The Daily Hodl.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

$181,034,960,000 in Fines Paid by Big Four US Banks As JPMorgan CEO Jamie Dimon Says Crypto’s for ‘Criminals’

The Daily Hodl
1,034,960,000 in Fines Paid by Big Four US Banks As JPMorgan CEO Jamie Dimon Says Crypto’s for ‘Criminals’
Bank of America
1,034,960,000 in Fines Paid by Big Four US Banks As JPMorgan CEO Jamie Dimon Says Crypto’s for ‘Criminals’

Hundreds of billions of dollars worth of fines have been paid by the four biggest banks in the US as JPMorgan’s chief executive sounds off against digital assets, saying they are for criminals. According to corporate misconduct data aggregator Violation Tracker, the big four banks of the US – Bank of America, Wells Fargo, Citigroup, […]

The post $181,034,960,000 in Fines Paid by Big Four US Banks As JPMorgan CEO Jamie Dimon Says Crypto’s for ‘Criminals’ appeared first on The Daily Hodl.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Societe Generale issues its first green bond on Ethereum

Coin Telegraph
Societe Generale issues its first green bond on Ethereum
Banks

The unsecured bond has a value of 10 million euros and a maturity of three years, with all the proceeds going for eligible green activities investments.

The third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a security token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Societe Generale, went public on Nov.

The bond has a value of 10 million euros (around $11 million) and a maturity of three years.

Related: Tether’s ‘new era for capital raises’ Bitfinex bond stutters

The digital infrastructure of the bond grants 24/7 open access to the data on its carbon footprint through the bond’s smart contract.

“This enables issuers and investors to measure the carbon emissions of their securities on the financial infrastructure.” 

Another innovation of the bond is a technical option for investors to settle securities on-chain through the EUR CoinVertible, a euro-pegged stablecoin issued by Forge in April 2023.

“While Central Bank Digital Currencies (CBDC) solutions are being experimented, this panel of settlement methods demonstrates the large capabilities of SG-FORGE in providing full spectrum of on-chain services.”

Societe Generale has been active in the crypto sector, issuing euro bonds on the Ethereum blockchain and security tokens on the Tezos blockchain, as well as proposing Dai (DAI) stablecoin loans in exchange for bond tokens. In July 2023, Forge became the first company to obtain the highest access license for crypto services in France. 

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Brazil’s largest bank Itau Unibanco launches Bitcoin trading — Report

Coin Telegraph
Brazil’s largest bank Itau Unibanco launches Bitcoin trading — Report
Banks

Brazilian bank Itau Unibanco has reportedly launched a cryptocurrency trading service for its clients as part of its investment platform.

Brazilian bank Itau Unibanco has launched a cryptocurrency trading service for its clients as part of its investment platform, Reuters reported on Dec.

Itau, the largest bank by assets in Brazil and one of the leading lenders in Latin America, is debuting crypto trading with Bitcoin (BTC) and Ether (ETH), digital asset head Guto Antunes reportedly said.

“It starts with Bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future,” Antunes stated, adding expansion would depend on regulatory developments.

The move reportedly comes about a month after two local players announced they were leaving the crypto market.

Itau Unibanco didn't immediately respond to Cointelegraph’s request to comment.

This is a developing story, and further information will be added as it becomes available.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Crypto All Set for Renewed Economic Expansion As Biggest TradFi Firms Eye Industry With Envy: Raoul Pal

The Daily Hodl
Crypto All Set for Renewed Economic Expansion As Biggest TradFi Firms Eye Industry With Envy: Raoul Pal
Banks
Crypto All Set for Renewed Economic Expansion As Biggest TradFi Firms Eye Industry With Envy: Raoul Pal

Macro guru Raoul Pal says that crypto assets are set for a new bull market as traditional finance firms begin to move into the nascent sector. In a new thread, the former Goldman Sachs executive tells his one million followers on the social media platform X that the crypto sphere is set for a massive […]

The post Crypto All Set for Renewed Economic Expansion As Biggest TradFi Firms Eye Industry With Envy: Raoul Pal appeared first on The Daily Hodl.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

$397,000,000 in Deposits Exit US Banking System in One Year As Money Market Funds Witness Historic Inflows

The Daily Hodl
7,000,000 in Deposits Exit US Banking System in One Year As Money Market Funds Witness Historic Inflows
bank
7,000,000 in Deposits Exit US Banking System in One Year As Money Market Funds Witness Historic Inflows

Hundreds of billions of dollars in deposits have exited US banks this year as consumers and institutions flock to money market funds to take advantage of the high interest rate environment. New data from the Federal Reserve Economic Data (FRED) system shows deposits in all US commercial banks plunged from $17.736 trillion at the start […]

The post $397,000,000 in Deposits Exit US Banking System in One Year As Money Market Funds Witness Historic Inflows appeared first on The Daily Hodl.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Unauthorized Withdrawals Hit Customers at Major US Bank – Here’s What’s Triggering the Transactions

The Daily Hodl
Unauthorized Withdrawals Hit Customers at Major US Bank – Here’s What’s Triggering the Transactions
bank
Unauthorized Withdrawals Hit Customers at Major US Bank – Here’s What’s Triggering the Transactions

Customers at one of the largest banks in the US say money is mysteriously exiting their account for no apparent reason. People who bank with PNC are noticing unauthorized charges and should check their balances, reports the NBC-affiliated news station WPXI. Tom Rubritz is one of the first people to realize something is wrong with […]

The post Unauthorized Withdrawals Hit Customers at Major US Bank – Here’s What’s Triggering the Transactions appeared first on The Daily Hodl.

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Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

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