Wells Fargo Employee Sells Customers’ Personal Information, Triggering $688,000 in Fraudulent Transactions: US Banking Regulator

June 8, 2024 The Daily Hodl

bank

A US regulator is banning a former Wells Fargo employee from the banking industry after she allegedly sold private customer information and triggered more than half a million dollars in fraudulent transactions. New filings from the U.S. Office of the Comptroller of the Currency (OCC) detail a consent order with ex-Wells Fargo employee Bathia Greene, […]

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Microstrategy Unleashes $2.6B Bet on Bitcoin With Convertible Notes Offering

JPMorgan Chase To Launch Biometric Payments Next Year, Enabling ‘Pay With Your Face’ Shopping: Report

June 4, 2024 The Daily Hodl

Chase

JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses. The banking giant is preparing a “broad rollout” of an authentication system that will allow retail shoppers to pay with their face or palm next year, reports American Banker. The system is the result of two pilot projects with the California-based […]

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Hackers Targeting 1,500 Banks and Their Customers in Push To Drain Accounts Across 60 Countries: Report

June 1, 2024 The Daily Hodl

Account

Black hat hackers have reportedly unleashed malicious software targeting over 1,500 banks and their customers worldwide. Security researchers at IBM say a revamped version of the Grandoreiro banking trojan has just rolled out, enabling attackers to perform banking fraud in 60 countries. The malware allows attackers to send email notices that appear to be urgent […]

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JPMorgan’s JPM Coin Sees Transactions ‘Explode’ With Programmability Features

May 30, 2024 Bitcoin.com

Bitcoin

Global investment bank JPMorgan’s JPM Coin has seen a significant surge in transactions, according to Umar Farooq, head of Onyx by JP Morgan. During a session at the Consensus conference, Farooq stated, “We’ve seen the number of transactions explode by factors of 10, if not hundreds. Fewer larger transactions, lots of smaller transactions.” He noted […]

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Aptos Reaches Milestone, Processes Over 95 Million Daily Transactions

May 27, 2024 Bitcoin.com

Altcoins

The Aptos blockchain reached a milestone in its history, processing over 95 million in a single day. According to data provided by Artemis, a blockchain statistics platform, the number broke an L1 industry record on May 24, pushed by the tap to earn game Tapos, in which each tap or click constitutes a transaction. Aptos […]

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Could stablecoin volumes overtake Visa this quarter?

May 6, 2024 Coin Telegraph

Circle

Research firm Sacra predicts stablecoins will “eclipse” Visa on total payments volume this quarter, but Visa's head of crypto doesn’t agree.

Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra.

Visa's head of crypto, however, disagrees.

In a blog post by Sacra co-founder Jan-Erik Asplund, the firm argued that stablecoins’ "extreme product-market fit for cross-border money movement" could see its total payments volume exceed Visa, reaching over $4 trillion.

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JPMorgan Chase Paying $448,000,000 Fine To US Regulators for Failing To Monitor Billions of Transactions on Bank’s Global Trading Venues

May 5, 2024 The Daily Hodl

bank

JPMorgan Chase will pay a total of $448 billion to US regulators for failing to monitor potential market misconduct on billions of transactions in its global trading operation. In a filing with the U.S. Securities and Exchange Commission (SEC), the banking giant says it has made a deal with an unnamed US regulator that will […]

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$83,000 Drained From Wells Fargo Accounts in Minutes – Customers Say Bank ‘Rolling Their Eyes,’ Blaming Them, Refusing To Reimburse

May 4, 2024 The Daily Hodl

bank

Two Wells Fargo customers are calling out the banking giant after scammers ripped tens of thousands of dollars from their accounts in a matter of minutes. Jolinda Crocker says $60,000 was ripped from her account while she was teaching at her music school in Italy, reports the Daily Mail. Crocker says she received a text […]

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Bitcoin L2s set to explode as Runes congest BTC network

May 1, 2024 Coin Telegraph

Bitcoin Price

High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.

The need for Bitcoin layer-2 (L2) solutions has become more apparent than ever following the launch of the Runes protocol.

Runes are a new Bitcoin (BTC) token standard allowing users to create fungible tokens on the Bitcoin blockchain. They were created by Casey Rodarmor, the creator of Ordinals, which enabled Bitcoin nonfungible tokens.

While notable, Runes’ popularity has resulted in astronomical Bitcoin transaction fees and unprecedented network congestion.

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New record: Bitcoin processes 1.6M confirmed payments in a day

April 30, 2024 Coin Telegraph

bitcoin ordinals

The launch of Bitcoin Runes played an important role in the spike in the total number of transactions over the Bitcoin network.

Amid increasing Bitcoin (BTC) use for day-to-day purchases, the Bitcoin network recorded the highest number of confirmed payments on April 23.

Three days after stepping into the new halving cycle on April 20, the Bitcoin network processed over 1.6 million unique transactions between sender and receivers.

Comparing data from Blockchain.com and Glassnode shows a direct correlation between the launch of Bitcoin Runes — an alternative to Bitcoin Ordinals and the BRC-20 protocol on the Bitcoin blockchain — and the spike in daily Bitcoin transactions.

transactions

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