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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.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Three US Banks Reveal Data Breaches, Exposing Hundreds of Customers’ Personal and Account Information

Three US Banks Reveal Data Breaches, Exposing Hundreds of Customers’ Personal and Account Information

Three US banks are warning customers that their sensitive personally identifiable information has been exposed. In a filing with the Office of the Vermont Attorney General, Citizens Bank says it suffered a breach in the first half of this year. “On July 10, 2024, Citizens was alerted to an incident where images containing your personal […]

The post Three US Banks Reveal Data Breaches, Exposing Hundreds of Customers’ Personal and Account Information appeared first on The Daily Hodl.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption IndexIndia, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

India’s FIU Considers Approving More Offshore Crypto Exchanges

India’s FIU Considers Approving More Offshore Crypto ExchangesIndia’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Billion-Dollar Bank Paying $44,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers

Billion-Dollar Bank Paying ,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers

A Texas-based bank holding company is agreeing to pay a $44 million fine to the Federal Reserve for a long list of alleged consumer protection violations. The Federal Reserve Board of Governors says it has taken enforcement action against Green Dot for engaging in numerous unfair and deceptive practices and running a non-compliant consumer risk […]

The post Billion-Dollar Bank Paying $44,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers appeared first on The Daily Hodl.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Ethereum Foundation wallet moves 92K ETH after 7 years

The Ether, worth roughly $290 million at the time of publication, had been at the same address since 2017.

A wallet associated with the Ethereum Foundation has transferred roughly $290 million in Ether after seven years of no movement.

According to data from blockchain analytics platform Arkham Intelligence, an address potentially connected to the Ethereum Foundation moved roughly 92,500 Ether (ETH) on July 25. According to Etherscan, the funds had not moved from the recipient address at the time of publication.

It’s unclear whether the Ethereum Foundation was responsible for moving the funds. Cointelegraph reached out to a spokesperson for comment but did not receive a response at the time of publication.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

JPMorgan Chase, Wells Fargo and Bank of America Playing ‘Heads I Win, Tails You Lose’ With Customers As Hundreds of Millions of Dollars Disappears on Zelle: US Senator Richard Blumenthal

JPMorgan Chase, Wells Fargo and Bank of America Playing ‘Heads I Win, Tails You Lose’ With Customers As Hundreds of Millions of Dollars Disappears on Zelle: US Senator Richard Blumenthal

A group of banking giants led by JPMorgan Chase, Wells Fargo and Bank of America are playing a dangerous game with their customers’ money, according to US Senator Richard Blumenthal. The Democrat and Chairman of the Permanent Subcommittee on Investigations has released a statement as a Congressional hearing on millions of dollars in fraud on […]

The post JPMorgan Chase, Wells Fargo and Bank of America Playing ‘Heads I Win, Tails You Lose’ With Customers As Hundreds of Millions of Dollars Disappears on Zelle: US Senator Richard Blumenthal appeared first on The Daily Hodl.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

JPMorgan Chase, Bank of America and Wells Fargo To Testify After Allegedly Refusing To Reimburse $115,000,000 To Customers on Zelle: Report

JPMorgan Chase, Bank of America and Wells Fargo To Testify After Allegedly Refusing To Reimburse 5,000,000 To Customers on Zelle: Report

JPMorgan Chase, Bank of America and Wells Fargo have reportedly agreed to testify at a US Senate hearing over hundreds of millions of dollars in fraud on the payments network Zelle. Executives involved in the banks’ payment operations are expected to appear on July 23rd, reports Politico, citing sources who were allowed to speak anonymously […]

The post JPMorgan Chase, Bank of America and Wells Fargo To Testify After Allegedly Refusing To Reimburse $115,000,000 To Customers on Zelle: Report appeared first on The Daily Hodl.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K