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U.S. Homeland Security Initiates Probe Into Crypto Bank Anchorage Digital: Report

The U.S. Department of Homeland Security is reportedly investigating the cryptocurrency company Anchorage Digital Bank. According to a new Barron’s report, the federal agency’s El Dorado Task Force, which combats money laundering and other financial crimes, has contacted Anchorage Digital Bank employees to inquire about the company’s practices and policies. Barron’s cites anonymous sources who are “familiar with the inquiry.” The specific reason for the probe remains unclear. A spokesperson for Anchorage declined to comment, while representatives for Homeland Security didn’t provide a comment. Back in 2022, Anchorage was ordered by the Office of the Comptroller of the Currency (OCC) to improve its controls around client due diligence, monitoring suspicious customer activity and other anti-money-laundering measures. In the banking regulator’s consent order, the OCC said Anchorage was in violation of the Bank Secrecy Act, which covers anti-money laundering requirements and reporting. At the time, Anchorage said it had “already been working to strengthen the areas identified and will continue to bolster these areas, reinforcing a new, digital asset standard” to combat money laundering. Anchorage remains under the consent order. Earlier this year, Anchorage Digital CEO Nathan McCauley complained that a US bank essentially turned off their bank account for unexplained reasons after two years of working with the lender. “Our story is pretty ridiculous… We had a bank that we had a growing relationship with for a number of years, who basically on a dime, decided to turn off our bank account.” The CEO, who didn’t mention the bank’s name, said the bank cut them off in June 2023, around the same time that numerous reports of “Choke Point 2.0” – an alleged coordinated effort by the government to shut down the crypto industry – were running rampant. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post U.S. Homeland Security Initiates Probe Into Crypto Bank Anchorage Digital: Report appeared first on The Daily Hodl . CoinOtag

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MSTR Outshines Magnificent 7 With 133% 1-Year Return Fueled By Bitcoin

In a period marked by economic turbulence, Strategy is quietly outperforming Silicon Valley’s brightest stars, delivering a staggering 133% return over the past 12 months. The company’s Bitcoin-holding plan has seen it eclipse the so-called “Magnificent Seven” tech stocks, which have slumped under the weight of a global trade war. The Bitcoin Bet Data from financial research platform YCharts shows that as of April 15, Strategy’s one-year total returns stood at about 133%, dunking on the once-unshakeable Wall Street giants. Tesla, the best-performing among the seven, lags far behind Strategy, managing only 57% returns year-over-year. The second best was Nvidia, which, reeling from a $5.5 billion hit due to U.S.-China chip restrictions , is up 30%, followed by Apple at 17%. Meanwhile, Meta and Google are hovering near stagnation, managing 12-month returns of 4% and 2%, respectively. Amazon and Microsoft are posting outright losses, their growth narratives knocked sideways by macroeconomic headwinds. Strategy’s performance is even more remarkable when examined within the context of the disruptions caused to global markets after U.S. President Donald Trump imposed sweeping tariffs on nearly every major trading partner. The move resulted in the S&P 500 shedding over 6% to record its worst week since the COVID crash, with the tech-heavy Nasdaq and the Dow Jones dropping into bear market territory, losing more than $5 trillion in market cap in just days. Saylor Doubles Down Amid the turmoil, Strategy has kept up its Bitcoin accumulation. Just days ago, it bought 3,459 BTC for around $286 million at an average price of $82,618. That purchase followed an even larger buy of 22,048 BTC for $1.92 billion in late March. It now holds 531,644 BTC, acquired at an average price of $67,556, and is worth nearly $36 billion. The company’s performance against the tech titans had Executive Chairman Michael Saylor gloating on X: “There is a @Strategy to beat the Magnificent 7.” His boast triggered a wave of commentary, with supporters hailing it as a masterclass in conviction: “Turns out holding satoshis on corporate balance sheets hits harder than holding PR budgets,” quipped one X user. At the same time, another added, “Outperforming the Magnificent 7 with 21 million reasons,” alluding to BTC’s total supply. But not everyone is convinced. “What happens when we dip and you get a margin call like in 2022?” asked a community member, echoing lingering concerns about overexposure. Indeed, that fear almost materialized earlier in the month. MSTR stock went from $340 in late March to under $240 on April 8 following rumors that Strategy could be forced to sell its Bitcoin amidst a broader market rout. However, by the following Monday, the stock had recovered to $300, posting a 15% weekly gain and silencing speculation. The post MSTR Outshines Magnificent 7 With 133% 1-Year Return Fueled By Bitcoin appeared first on CryptoPotato . CoinOtag