Billion-Dollar Bank Pays $65,000,000 Fine, Faces Cease-and-Desist Order After Violating Bank Secrecy Act, Deploying Poor Risk Management

February 3, 2024 The Daily Hodl

bank

A Los Angeles-based lender known as the ‘bank to the stars’ will pay a $65 million fine for a number of violations, including failure to follow the Bank Secrecy Act. The Office of the Comptroller of the Currency (OCC) says City National Bank engaged in “unsafe or unsound practices” ultimately resulting in lapses in several […]

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Ethereum core developer departs for AI amid leadership concerns

JPMorgan Chase Customers’ Deposits Go Missing, Bank Says It Has No Idea Where Money Went: Report

February 2, 2024 The Daily Hodl

bank

Customers at a JPMorgan Chase branch say deposits aren’t showing up in their accounts, and the bank has been reluctant to address the issue. Carla Garling, a small business owner, says that despite having a deposit slip, her local Chase branch hasn’t confirmed a $13,478 deposit to her account, reports KFOR Oklahoma News 4. Since […]

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Ethereum core developer departs for AI amid leadership concerns

$10,000,000 To Be Handed Out With No Strings Attached As US Counties Prepare to Launch Guaranteed Income Program

February 2, 2024 The Daily Hodl

Daily Hodl

Guaranteed income programs are sprouting across the US as two large counties prepare to give millions of dollars to people who are tight on funds. The nonprofit Inland SoCal United Way is teaming up with the California Department of Social Services in a new pilot program designed to give away $10 million to residents of San […]

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Ethereum core developer departs for AI amid leadership concerns

Tether Sees Record-Breaking Profits, Largely Driven by Interest Payments From US Treasuries

January 31, 2024 The Daily Hodl

attestation report

Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries. According to the report, Tether made $2.5 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen. “In terms of financial performance, the fourth […]

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Ethereum core developer departs for AI amid leadership concerns

Executive at $35,000,000,000 Investment Firm Says Crypto Nearing Its ‘iPhone Moment’ – Here’s What He Means

January 30, 2024 The Daily Hodl

Executive at ,000,000,000 Investment Firm Says Crypto Nearing Its ‘iPhone Moment’ – Here’s What He Means

A16Z

Chris Dixon, general partner at investment giant Andreessen Horowitz (a16z), says that the crypto industry may be approaching its “iPhone” phase of adoption. In a new interview with Laura Shin on the Unchained Podcast, Dixon references the evolution of the smartphone in the mid-2000s when the iPhone finally delivered a product that would eventually lead […]

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Ethereum core developer departs for AI amid leadership concerns

JPMorgan Chase Refuses to Reimburse Couple After $24,000 Exits Bank Account in Burst of Fraudulent Transfers

January 28, 2024 The Daily Hodl

bank

JPMorgan Chase is pointing the finger at its own customers after the sudden disappearance of $24,000. Eric Nickolas and his wife Brenda say the money abruptly left their joint bank account in four transactions and none of them were authorized, reports the NBC-affiliated news station WCMH. The couple filed two claims and were denied both […]

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Ethereum core developer departs for AI amid leadership concerns

Apple Security Alert Issued As New Scam Drains Bank Accounts, Steals Personal Info

January 27, 2024 The Daily Hodl

Apple

Security experts are warning millions of Apple users about a new scam designed to extract your sensitive personal and banking information. The scam comes in the form of several fake iCloud text messages containing malicious links, reports Trend Micro. Here’s a look at the fake alerts: CLOUD SERVICE TERMINATION. Upgrade now or lose your stored […]

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Ethereum core developer departs for AI amid leadership concerns

Wells Fargo Approves $147,000 in ‘Abnormal’ Transactions, Denies Responsibility After Customer’s Account Drained: Report

January 27, 2024 The Daily Hodl

Wells Fargo Approves 7,000 in ‘Abnormal’ Transactions, Denies Responsibility After Customer’s Account Drained: Report

bank

A Wells Fargo customer says the banking giant should have raised a red flag when $147,000 was drained from her account in less than an hour. Judith Anderson says she recently received a call from a number that appeared as “Wells Fargo” on her phone, reports NBC San Diego. But the number was spoofed and […]

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$17,000 Stolen From Bank of America Account in ‘Stunning’ Phone Hack – Why Two-Factor Authentication ‘Hijacked Everything’

January 26, 2024 The Daily Hodl

bank

A Bank of America customer says she’s stunned after losing control of her phone and watching $17,000 disappear from her bank account in a matter of minutes. And to make matters worse – the bank’s two-factor authentication system (2FA) was a key element of the criminal’s success. Sharon Hussey says an impostor recently walked into […]

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$17,000,000 in Cash Handouts Incoming As Signups for New Guaranteed Income Program Begin

January 26, 2024 The Daily Hodl

Basic Income

Signups for a new guaranteed income pilot program are now open. Applicants in Harris County, Texas can now sign up for the program, which will give away just over $17 million to 1,928 households that are struggling to pay their bills. The households must be living below 200% of the federal poverty line, and each […]

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Futuremash