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Tyler Winklevoss Warns Operation Chokepoint 2.0 Remains in Full Swing

Tyler Winklevoss Warns Operation Chokepoint 2.0 Remains in Full SwingTyler Winklevoss, co-founder of U.S.-based exchange Gemini and VC firm Winklevoss Capital, has alerted about the ongoing status of Operation Chokepoint 2.0, a plan directed to difficult banking access to crypto companies. Winklevoss’ remarks come after the Federal Reserve found Customers Bank, a crypto-friendly bank, had “deficiencies” in compliance with anti-money laundering requirements. Tyler Winklevoss […]

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Crypto Markets Need Looser Fed Policy Before Moving Higher, According to Analyst Benjamin Cowen

Crypto Markets Need Looser Fed Policy Before Moving Higher, According to Analyst Benjamin Cowen

A widely followed crypto analyst says that digital assets need looser monetary policy before moving another leg up. In a new video update, crypto strategist Benjamin Cowen tells his 806,000 YouTube subscribers the Federal Reserve needs to reverse course on its tight monetary policy before the crypto markets can take off. According to Cowen, Bitcoin […]

The post Crypto Markets Need Looser Fed Policy Before Moving Higher, According to Analyst Benjamin Cowen appeared first on The Daily Hodl.

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times. “The rate tide has quickly turned.”  […]

The post JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports appeared first on The Daily Hodl.

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast

Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases ForecastJPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the likelihood of a U.S. recession this year. Jamie Dimon Maintains Recession Likely for US Economy JPMorgan Chase CEO Jamie […]

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown

Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.

The enforcement action taken by the United States Federal Reserve against the crypto-friendly Customers Bank has sparked speculation that Vice President Kamala Harris’ presidential campaign may not be genuine in its efforts to mend relations with the cryptocurrency industry.

On Aug. 9, Gemini co-founder Tyler Winklevoss took to X to highlight the Fed’s actions. “Today, the Fed confirmed that Operation Choke Point 2.0 remains in full swing, provided valuable insight into how it works, and verified that the Harris crypto ‘reset’ is a scam,” Winklevoss said.

The Fed’s 13-page enforcement action against Customers Bank mandates it to provide a 30-day advance notice before entering any new banking relationship with a cryptocurrency company.

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US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO

According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers.

Tether CEO Paolo Ardoino has raised concerns that the European Union’s Markets in Crypto-Assets (MiCA) regulation poses a systemic risk not only to stablecoins but also to the broader banking system.

“The problem that I have with MiCA is that instead of making the system more secure, it’s actually creating an incredibly big systemic risk,” Ardoino told Cointelegraph in an exclusive interview. 

The MiCA regulation, which took effect on June 30, imposes stringent limitations on stablecoin operations across the European Economic Area. Notably, it mandates that at least 60% of reserves backing stablecoins must be held in EU bank accounts. 

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US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing

Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate TimingOn Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit […]

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy

Federal Reserve Cracks Down on Customers Bank’s Crypto StrategyThe U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its Anti-Money Laundering (AML) protocols and limit risks associated with its digital asset clients. This move underscores the increasing regulatory scrutiny on financial […]

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance

Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML ComplianceThe U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action […]

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before SeptemberGoldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market […]

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio