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Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers

Bank of America Bracing for 0,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers

The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection […]

The post Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

Trump Appears Set To Keep Fed Chair Jerome Powell On Until His Term Ends in 2026: Report

Trump Appears Set To Keep Fed Chair Jerome Powell On Until His Term Ends in 2026: Report

Donald Trump reportedly appears to have no problem with Federal Reserve Chair Jerome Powell serving the remainder of his term until May 2026. Trump appointed Powell during his first term but the two clashed several times leading to the then 45th US president threatening to remove the Fed Chair from office. Powell kept his post […]

The post Trump Appears Set To Keep Fed Chair Jerome Powell On Until His Term Ends in 2026: Report appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

Embattled FTX Co-Founder Gary Wang Is Building US Authorities a Tool To Track Illicit Activity on Crypto Exchanges

Embattled FTX Co-Founder Gary Wang Is Building US Authorities a Tool To Track Illicit Activity on Crypto Exchanges

FTX co-founder and former CTO Gary Wang continues to work with US authorities after giving his testimony at the trial of his college roommate and ex-colleague, Sam Bankman-Fried. Wang is among the FTX executives who were charged following the collapse of the FTX crypto exchange. He pleaded guilty to four criminal counts in December 2022. […]

The post Embattled FTX Co-Founder Gary Wang Is Building US Authorities a Tool To Track Illicit Activity on Crypto Exchanges appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

French Gambling Regulator Announces Plans To Probe Polymarket Following Big Wins on Trump Presidency: Report

French Gambling Regulator Announces Plans To Probe Polymarket Following Big Wins on Trump Presidency: Report

As Polymarket bettors worldwide rake in their wins following President Donald Trump’s re-election victory over Vice President Kamala Harris, France’s top gambling regulator is announcing a probe into the popular betting platform. According to a new Reuters report, the French gambling regulatory authority, the Autorité Nationale des Jeux (ANJ), is turning its focus to Polymarkets […]

The post French Gambling Regulator Announces Plans To Probe Polymarket Following Big Wins on Trump Presidency: Report appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results

Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results

Donald Trump won the US presidential election on Tuesday, but Bitwise chief investment officer Matt Hougan thinks crypto was already on a long-term path to adoption regardless of who took the White House. Hougan noted in a recent analysis prior to the election that a Trump victory would help reduce regulatory risk for altcoins. However, […]

The post Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory

Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory

The chief executive of crypto asset management firm Galaxy Digital says that big changes are coming to the digital assets industry following yesterday’s US presidential election. In a new interview with CNBC Television, billionaire Mike Novogratz says that not only are President-elect Donald Trump’s stances pro-crypto, he’s surrounded by individuals who will help the industry […]

The post Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto

269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto

Coinbase-backed digital asset advocacy group Stand With Crypto says that over 250 pro-crypto candidates were voted into Congress. According to the non-profit organization, last night’s presidential election – which saw Donald Trump defeat Vice President Kamala Harris – also included victories for 257 pro-crypto candidates in the House and 16 in the Senate. However, Stand […]

The post 269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report

Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report

Circle chief executive Jeremy Allaire reportedly thinks stablecoins will become a regulated financial network all over the world. Allaire says in a new interview with the South China Morning Post (SCMP) that Circle is acting as a test subject for global stablecoin regulation. According to Allaire, stablecoin regulation is in its early days and the […]

The post Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

Gemini Co-Founder Cameron Winklevoss Issues Election Warning, Says Harris Victory Will Cost Crypto ‘Billions’

Gemini Co-Founder Cameron Winklevoss Issues Election Warning, Says Harris Victory Will Cost Crypto ‘Billions’

Billionaire Cameron Winklevoss is warning that a Kamala Harris election victory could end up being very costly for the crypto industry. According to Winklevoss, the Biden Democratic Presidential administration has cost the digital asset space at least half a billion dollars in legal fees, conservatively speaking. “The Harris-Biden Administration has cost the crypto industry $500 […]

The post Gemini Co-Founder Cameron Winklevoss Issues Election Warning, Says Harris Victory Will Cost Crypto ‘Billions’ appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth

Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services

Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services

Coinbase chief legal officer Paul Grewal says he can see multiple instances when the Federal Deposit Insurance Corporation (FDIC) told banks to stop offering crypto-related services. In a new thread on the social media platform X, Grewal says that Coinbase uncovered the information after filing a Freedom of Information Act (FOIA) request at the FDIC, […]

The post Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services appeared first on The Daily Hodl.

Elon Musk, the world’s richest man, hits record $348B net worth