A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to hand a trove of reward points to new credit card customers, as long as they spent $3,000 within 90 days. But according to plaintiff Jean-Baptiste Boyer-Gomez, the bank has routinely […]
The post Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics appeared first on The Daily Hodl.
The second-largest US-based crypto exchange by trading volume is announcing huge upticks in revenue and trading volume last year. According to a new blog post, Kraken says that its revenue and trading volumes doubled in 2024 compared to what it did in 2023. Kraken attributes its growth last year to the company’s focus on improving […]
The post US-Based Crypto Exchange Kraken Reports Huge Boosts in Revenue and Trading Volume in 2024 appeared first on The Daily Hodl.
The U.S. sentenced an Indian cryptocurrency vendor to 121 months in prison for laundering over $20 million through darknet platforms and an international hawala network. Cryptocurrency Laundering Scheme Ends in Prison Sentence The U.S. Department of Justice (DOJ) announced on Jan. 17 that Anurag Pramod Murarka, a 30-year-old Indian national, has been sentenced to 121 […]
The U.S., Japan, and South Korea have united to thwart North Korea’s crypto theft schemes, targeting billions in stolen funds fueling weapons programs and cybercrime operations. 3 Nations Join Forces to Shut Down North Korea’s Crypto Funding Machine The U.S., Japan, and South Korea have issued a joint warning against cryptocurrency thefts linked to the […]
Allegations exposing the FDIC as part of Operation Chokepoint 2.0 continue, as whistleblowers affirm they have accessed recordings in which crypto organizations and influencers are targeted. The agency’s future, should crypto adoption grow, was also discussed. FDIC Talks Crypto Influencers, Sidestepping FOIA Requests, and Agency Survival in Operation Chokepoint 2.0 Tapes The Federal Deposit Insurance […]
A group of insiders at the FDIC has blown the lid on a coverup of the agency’s procedures to avoid having its Operation Chokepoint 2.0 linked documents released through FOIA requests. Additionally, the institution would run disinformation campaigns against its detractors on social media. FDIC Shenanigans Allegedly Exposed: Hiding Documents in Operation Chokepoint 2.0 Coverup […]
While many crypto community members celebrated Donald Trump’s reelection, some may have felt differently.
Many in the crypto industry see President-elect Donald Trump’s victory in the 2024 United States elections as a watershed moment, largely thanks to the myriad promises Trump made on the campaign trail.
Still, some members of the US crypto community took other factors into account.
Margaret Rosenfeld, chief legal officer at fintech platform Tilt, told Cointelegraph that not all crypto enthusiasts were single-issue voters. Rosenfeld said that some individuals found it difficult to reconcile their support for crypto with Trump’s other controversial positions.
Traders have seized on optimism that the more pro-crypto Republicans could also win a majority in Congress after the party won the Senate and the White House.
United States crypto stocks ended the trading day on massive gains — most at double-digits — after a sweeping election win by Donald Trump and a new Bitcoin all-time high.
Crypto exchange Coinbase Global Inc (COIN), one of the biggest donors in the election cycle, saw the biggest gain on Nov. 6, closing up 31.11% at $254.3, now up 62.1% so far this year, according to Google Finance.
The popular trading house Robinhood Markets Inc (HOOD) also jumped 19.6% on the day, as did Bitcoin (BTC) miner MARA Holdings Inc (MARA) — formerly Marathon Digital. The BTC buying MicroStrategy Inc (MSTR) also closed up over 13%.
U.S. President Joe Biden has praised Nigeria’s efforts in combating crypto-related financial crimes, including the recent release of a former Binance executive. Biden, Tinubu Strengthen US-Nigeria Ties With Crypto Crime Initiative The White House announced Tuesday that U.S. President Joe Biden held a call with Nigerian President Bola Tinubu, touching on recent humanitarian and diplomatic […]
A United States appeals court said a district court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.
A homeowner’s attempt to sue his insurer for failing to cover his $170,000 loss to a crypto scam was rejected by a United States appeals court, with a three-judge panel ruling there had been no error in dismissing his case.
The Fourth Circuit Appeals Court ruled on Oct. 24 that a Virginia District Court judge was correct in ruling that Ali Sedaghatpour had no breach of contract claim against Lemonade Insurance because his homeowner’s policy only covered “direct physical loss” of property.
Sedaghatpour sued Lemonade Insurance in 2022, claiming the insurer should have covered him under the policy for $170,000 in crypto stolen from him in a scam.
