FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket

September 6, 2024 Bitcoin.com

atm fraud

The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

$1,640,000,000 in Crypto Assets Lost on BNB Chain Since Launch, Says Bug Bounty Platform Immunefi

July 13, 2024 The Daily Hodl

Altcoins

New data from bug bounty platform Immunefi finds that nearly $1.7 billion in crypto assets have been drained on BNB Chain since its September 2020 inception. In a new research post, Immunefi says that BNB Chain witnessed hundreds of fraud and security incidents after launching about four years ago. “In total, we have seen a […]

The post $1,640,000,000 in Crypto Assets Lost on BNB Chain Since Launch, Says Bug Bounty Platform Immunefi appeared first on The Daily Hodl.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Double-Digit Swings Dominate June Crypto Market Performances

June 30, 2024 Bitcoin.com

bitcoin.com

According to market data, crypto assets struggled throughout June, with only a select few recording gains. The largest gainer was the meme coin brett (BRETT), which surged 64.9%, while the biggest loser was the meme token maga (TRUMP), plummeting 55.29%. Select Coins Rise Despite Overall Decline This Month June was predominantly bearish for cryptocurrencies, with […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

This Week’s Crypto Winners and Losers: Helium Surges 34%, ENA Plummets 25%

April 29, 2024 Bitcoin.com

bitcoin.com

The crypto market holds steady at a valuation of $2.31 trillion, experiencing a 2.60% decline in the last 24 hours. In the preceding week, bitcoin and ethereum each dipped between 5.4% and 1.8%. Notably, only four coins experienced double-digit increases, with helium (HNT) emerging as the top performer with a 34.3% rise this week. Crypto […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Fifth Bank Failure of 2023 Declared, Iowa Bank Insolvent Due to ‘Significant Loan Losses’

November 4, 2023 The Daily Hodl

Banking system

The Federal Deposit Insurance Corporation (FDIC) has shut down a bank in Iowa after regulators discovered “significant loan losses” on its balance sheet. The FDIC is adding Citizens Bank in Sac City to its list of failed banks, and says Iowa Trust & Savings Bank has assumed all deposits in order to protect depositors. The […]

The post Fifth Bank Failure of 2023 Declared, Iowa Bank Insolvent Due to ‘Significant Loan Losses’ appeared first on The Daily Hodl.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

May 3, 2023 Bitcoin.com

Bank of Russia

Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes

April 22, 2023 Bitcoin.com

Crypto AI Economy Suffers 0 Million Loss in 2 Months as Interest Wanes

artificial intelligence

Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent AI-driven crypto projects have all suffered double-digit losses, ranging from 10% […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

March 27, 2023 Bitcoin.com

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated B

Acquisition

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

March 27, 2023 Bitcoin.com

Assets

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

March 20, 2023 Bitcoin.com

Assets

On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the […]

Losses

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