Bank of America Outage Leaves Customers with $0 Account Balances Nationwide
On October 2, thousands of Bank of America customers faced disruptions when a network outage caused many to see $0 balances or experience difficulties accessing their accounts. Service interruptions were first flagged around 4:26 p.m. UTC, and by an hour later, nearly 18,000 users had reported issues, according to Downdetector, a platform that tracks real-time […]
Has the Crypto Market Hit Bottom? Watch for These 5 Key Signals
According to crypto research firm Santiment, five particular keywords might hint at a bottom in the crypto market. Bitcoin’s price dropped by 3% in the past 24 hours amid escalating geopolitical tensions in the Middle East. With growing concerns about how the conflict might impact risk assets, crypto traders are keeping a close eye on […]
Bitwise files XRP ETF trust registration in Delaware
A spokesperson for Bitwise confirmed that the asset management company has registered an XRP exchange-traded fund (ETF) trust, as indicated by records found on Delaware’s Division of Corporations website. According to the documentation, the Bitwise XRP ETF was officially registered on September 30. The listed agent for the filing is CSC Delaware Trust Company, which […]
Bitcoin ETFs Experience Largest Monthly Outflow Amid Escalating Middle East Tensions
Institutional investors seem to be reacting to escalating tensions in the Middle East, as U.S. spot Bitcoin exchange-traded funds (ETFs) witnessed nearly $243 million in withdrawals. On October 1, the 11 U.S.-listed spot Bitcoin ETFs collectively experienced an outflow of $242.6 million, based on figures from Farside Investors. This marks the largest outflow in nearly […]
Robinhood Expands to Europe with New ‘Crypto Transfers’ Feature
Robinhood, a popular U.S.-based trading app, is expanding its cryptocurrency services in Europe, now allowing users to deposit and withdraw crypto using external platforms. As of October 1, Robinhood’s crypto division, Robinhood Crypto, has officially rolled out this feature for European customers. The update enables users in Europe to transfer about 20 different cryptocurrencies, including […]
Ohio Senator Proposes Bill to Permit Tax Payments in Bitcoin
In a move that could significantly impact Bitcoin and the broader crypto landscape, Ohio Senator Niraj Antani has introduced legislation to allow Bitcoin (BTC) as an official payment method for state taxes and various fees. This bill, if passed, would be a game-changer in terms of how cryptocurrencies can be used in the state. Introduced […]
FED’s Bostic Signals Willingness for Additional 50bps Interest Rate Cut in November
Raphael Bostic, President of the Atlanta Federal Reserve, mentioned on Monday that he is open to another half-percentage-point interest rate reduction during the Fed’s November meeting if upcoming data indicate that job growth is slowing faster than anticipated. In an interview with Reuters, Bostic said, “A weaker-than-expected result could push me to support a more […]
FTX Distribution Payments Will Not Start on Sept. 30
Speculation has been swirling online that the FTX bankruptcy estate will begin distributing reimbursement funds to creditors and customers on September 30. However, this information is inaccurate, as no reimbursement plan has been given legal approval at this time. As per the most recent Chapter 11 filing, the next court hearing to confirm the restructuring […]
US election result unlikely to impact Q4 Bitcoin surge, hedge fund predicts
Bitcoin’s price is poised to benefit from the upcoming U.S. presidential election, no matter who wins, according to CK Zheng, the chief investment officer at ZX Squared Capital. Historically, Bitcoin has seen strong fourth-quarter gains following its halving events, and this trend is expected to continue. Zheng pointed out that both U.S. political parties have […]
Binance Founder CZ Released from US Prison
Binance founder and former CEO Changpeng “CZ” Zhao was released from a U.S. federal prison on September 27 after completing a four-month sentence related to Anti-Money Laundering (AML) violations, according to a spokesperson from the U.S. Federal Bureau of Prisons, as reported by Cryptografos. CZ had entered a guilty plea in November, admitting to federal […]