6 hours ago
The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of the lender’s total assets. The US banking regulator says it has determined that CBW Bank failed to maintain an “adequate Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance program” and is consequently imposing a fine of $20.448 million over the violations which occurred between December of 2018 and August of 2021. “During the Review Period, Respondent [CBW Bank] also (1) failed to file hundreds of suspicious activity reports (SARs), (2) lacked an appropriate risk-based customer due diligence process, and (3) maintained an inadequate due diligence program for FFI correspondent accounts.” According to the FDIC, CBW Bank’s laxity with regard to measures aimed at fighting money laundering and terrorism financing helped in generating a significant portion of its income. “Due to the [Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance] failures described above, Respondent [CBW Bank] earned millions in fee income that it otherwise would not have earned if it had maintained an adequate AML/CFT compliance program.” According to the FDIC, most of CBW Bank’s earnings came from offering “fee-based correspondent banking services for foreign financial institutions (FFIs)” located in Africa, Central and South America, Europe and the Middle East. Following the imposition of the civil money penalty (CMP), CBW Bank has filed a complaint against the FDIC in court. CBW Bank says , “The penalty sought by the FDIC, is unreasonable and unprecedented for a bank of this size, complexity, and supervisory history. There is no justifiable basis for any CMP, let alone for one of this magnitude given the conduct at issue in this case.” Per the US banking industry information platform, BankRegData, CBW Bank has total assets of $73.665 million. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram 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 US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets appeared first on The Daily Hodl .
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Sell Signal Triggers for XRP and Solana, Pundit Says this Low Cap Altcoin Will Outperform
An analyst predicts XRP, Bitcoin, and Solana will face significant selling pressure in the coming weeks. The analyst expects blue-chip assets to struggle in the short term as volatility rises and the Donald Trump administration comes into power. Meanwhile, whales are turning their attention to PropiChain (PCHAIN), an AI-driven altcoin focused on transforming the real estate industry. PropiChain has already raised over $2 million as smart money and retail investors bet big on the low-cap altcoin. The low-cap altcoin has the potential to outshine XRP and Solana. Analyst: XRP Triggers Sell Signal A pundit has indicated that XRP is flashing a sell signal, suggesting a potential correction for the altcoin. XRP has surged 44% in a week, taking its price to $3.27. Its yearly gains have extended to 475%. XRP has reached its highest price since 2018 and is less than 6% away from a new all-time high. The pundit claims that XRP is due for a correction. Bitcoin is already trading below $98K after reaching $100K. However, other analysts say XRP could hit a new peak before plunging to less than $3. PCHAIN: Traders Rush to Undervalued Low Cap Altcoin PropiChain is an undervalued low-cap altcoin attracting savvy investors. It is 200% up in the first two rounds of the presale, with more gains expected after listing on secondary exchanges. The promising altcoin is tipped to outperform XRP, an altcoin calling the shots during the current bull market. Investors are piling cash into the PCHAIN token not only because of its low $0.01 price but because of its potential to transform the real estate market with tokenization and fractional ownership. Real estate tokenization enables PropiChain’s users to buy portions of high-end properties. This allows them to earn passive income through rental income while their investments appreciate. It offers investors the chance to diversify their investments and build generational wealth. The AI features powering PropiChain are a game-changer. With its AI-driven predictive market analysis, the platform’s users have access to future real estate market patterns, helping them make informed decisions. PropiChain’s automated valuation models provide accurate property appraisal, making transactions smoother and more reliable. Buyers and sellers can rely on real-time data, eliminating the guesswork. This makes it easier for real estate deals to be closed quickly. Another important feature is smart contract automation . It handles transactions such as auto-leasing and lease renewals on behalf of landlords and tenants. By automating real estate management, PropiChain eliminates manual work and enhances efficiency. The platform’s smart contracts have been thoroughly audited by BlockAudit, a leading Web3 security firm. This makes the platform safe for users and investors. The addition of a metaverse for virtual property viewing adds a cutting-edge layer to the platform. Investors can walk through properties digitally to improve their decision-making process. Solana Faces DApp Activity Decline Solana’s DApp volumes have dropped by 10%, but strong inflows helped it surge. The layer-1 network regained strength and reached $211, marking a 9.5% gain in the past week. However, an analyst believes that Solana and XRP could face selling pressure that will tank their prices. Solana has also seen a decline in the total value locked (TVL), further fueling the predictions for a short-term correction. Invest in PCHAIN for Insane Returns in Q2 2025 PCHAIN is the best low-cap altcoin to invest in for massive gains in the 2025 bull market. At only $0.01, PropiChain is highly undervalued, allowing investors to make life-change gains. The low-cap altcoin is already up 200% during the first two rounds of the ongoing presale. Whales are rushing to buy the PCHAIN token before the presale is sold out. After listing the PCHAIN token on CoinMarketCap , PropiChain is attracting a new wave of investors keen on earning maximum returns on their investments. This development has solidified PropiChain’s commitment to transparency. If you missed XRP or Solana, this is your chance to invest in a project with unlimited potential. Invest in PCHAIN’s presale today at only $0.01 per token to grow a $1,000 investment into $500K by Q2 2025. For more information about the PropiChain Presale: Website: https://propichain.finance/ Join Community: https://linktr.ee/propichain The post Sell Signal Triggers for XRP and Solana, Pundit Says this Low Cap Altcoin Will Outperform appeared first on TheCoinrise.com . The Daily Hodl
Trump Memecoin Launch Sparks Solana Price Rally: What Are the Sustainability Prospects?
The unexpected launch of the Official Trump memecoin has sent shockwaves through the crypto market, particularly impacting Solana’s price dynamics. While the launch drew considerable attention, questions linger about the The Daily Hodl
