Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the … Read more

Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks

The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) capital ratio … Read more

Sui Surpasses Solana in Daily Transactions Amidst Spam Token Frenzy

Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses … Read more

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices

After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As of Jan. 13, 2023, Nexo’s attestation indicates that the company now … Read more

Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight

This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users. Digital currencies like bitcoin, ethereum, bitcoin cash, and … Read more

Bitcoin Cash Transaction Fees Were Less Than a Cent Throughout Most of 2018

One of the great benefits of the Bitcoin Cash (BCH) network is that miner fees have been consistently inexpensive for well over a year. A typical BCH network fee in 2018 has been lower than most blockchain networks and the median average each day has not surpassed a U.S. penny in 10 months. Also read: Four … Read more

Today’s Bitcoin Cash Stress Test Should put ABC and SV Through its Paces

It has been a while since the cryptocurrency world saw a good stress test. Doing so on either Bitcoin’s or Ethereum’s blockchain would undoubtedly cripple both networks in quick succession. For supporters of BCHABC and BCHSV, a stress test will occur later today. Both networks will be pushed to the limit, assuming neither chain decides … Read more

New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day

On Thursday, Nov. 1, a group of Bitcoin Cash (BCH) proponents who call themselves the Professional Stress Test Team, performed a network stress test on the BCH chain. During the course of the day, the BCH network saw over 733,000 transactions and a 14MB block that cleared 73,000 transactions in one fell swoop. Also read: Anypay … Read more