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” Coinbase CEO ponders banking features after Silicon Valley Bank crisis “ The wider cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls for neobank services for the industry on the cards. Silicon Valley Bank (SVB), which has traditionally served startups across a number of innovation…
” $920B is the number to watch now that crypto’s trillion dollar total market cap is gone “ Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held for 48 days before collapsing on March 9. After a 16-hour negative…
” Sam Bankman-Fried’s bail conditions still too lenient, says judge “ On March 10, Reuters reported that U.S. District Judge Lewis Kaplan had expressed concerns over the proposed bail conditions for former FTX founder Sam Bankman-Fried. Judge still thinks proposed Bankman-Fried bail conditions too lenient https://t.co/qsfFqJ8Nlt pic.twitter.com/tLhMKMrRax — Reuters (@Reuters) March 10, 2023 As previously…
” Price analysis 3/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB “ Bitcoin (BTC) led a sharp sell-off in the cryptocurrency markets on March 9 as the woes at Silvergate Bank and Silicon Valley Bank dented investor sentiment. In addition, crypto-specific news of a suit filed by New York Attorney General Letitia…
” Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts “ Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement. Financial markets showed signs…
” CoinTracker integrates with H&R Block to offer crypto tax preparation “ Crypto tax software provider CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia. In an announcement seen by Cointelegraph, CoinTracker noted the partnership will allow American…
” Mt Gox registration deadline pushed for another month “ The registration dates for Mt. Gox creditors have been pushed back by another month. According to the announcement, the deadline has been pushed from March 10 to April 10, allowing creditors to file their claim for another month. Along with the extension for the registration…
” Gemini’s banking relationship with JPMorgan ‘remains intact’ “ Crypto exchange Gemini took to Twitter on March 8 to deny rumors about terminating its banking relationship with United States financial conglomerate JPMorgan. In a brief and straightforward message, Gemini stated that “despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan.” The comments came…
” Price analysis 3/8: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC “ On March 7, United States Federal Reserve Chairman Jerome Powell warned that interest rates may remain higher for longer than previously anticipated. This boosted expectations of a 50 basis points rate hike in the Fed’s March meeting to about 70%…
” Fed signals a sharp rate hike in March due to inflation — Here’s how Bitcoin traders can prepare “ Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost…