Bitcoin slides on Silvergate fallout
The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.
White House watching Silvergate in crypto fallout
White House press secretary Karine Jean-Pierre said in her Monday briefing the Biden Administration has its eyes on Silvergate after the California crypto bank delayed its annual report and announced the shuttering of its exchange network last week.
Bitcoin hits two week low, Silvergate unravels
Bitcoin’s price on Friday at one point marked a two-week low for the cryptocurrency, with it later selling at roughly $22,300 in the afternoon.
The number of ATMs has declined as people rely less on cash
ATMs are disappearing due to rising crime and an increase in digital transactions. Banks are forced to close ATMs at night in major cities like New York.
FTX fallout hits Silvergate, bitcoin
Silvergate has delayed its annual report with the Securities and Exchange Commission after reporting a $1 billion loss for fourth quarter and is now concerned about ability to operate.
Investors pull around $6 billion out of Binance's stablecoin
Binance USD, Binance's stablecoin pegged to the US dollar has seen outflows equivalent to more than 1/3 its market cap as regulatory pressure scares investors away.
IMF against making crypto legal tender, issues action plan
The International Monetary Fund has made recommendations on how countries should handle crypto assets.
Stablecoins attract scrutiny in SEC’s drive to control crypto
The SEC is investigating whether stablecoins, cryptocurrencies that maintain a price of $1, are among the products that were issued in violation of investor-protection laws.
Bitcoin hits six-month high
Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.
Crypto exchange settles with SEC over 'staking'
The settlement with Kraken and one of its business practices could spell headaches for other platforms with similar services.
Copper shortage gets real
A copper deficit might extend beyond 2023 as mining issues in the South American countries of Peru and South America threaten global supply.
The unusual crew behind Tether, crypto’s pre-eminent stablecoin
Tether is a stablecoin traded more frequently than bitcoin which is redeemable for US Dollars, however like a bank, the cryptocurrency is not immune from a run.
Why America should ban crypto
Charlie Munger, Vice Chairman of Berkshire Hathaway, compares cryptocurrencies to gambling, and advises the US to follow England's solution to the South Sea Bubble of 1720.
Cryptoverse: Big investors edge back to bitcoin
Bitcoin investors might finally be returning to cryptocurrency after the FTX collapse caused a crypto winter that saw the cryptocurrency industry take heavy losses.
Bitcoin world's most hated cryptocurrency
Bitcoin’s recent beatdown didn’t do the cryptocurrency any favors among global investors, but it did give rivals Ethereum and Solana a boost, according to a new survey.
Foreign investors pulled $91B from China’s bond market last year
The Chinese government’s end to its strict zero-Covid regime could encourage more foreign investors to return to the country’s bond market this year, analysts said.
Coinbase halting operations in Japan a week after laying off hundreds of employees
Coinbase will stop its operations in Japan due to market conditions after announcing the company would layoff 950 employees to reduce operating expenses.
$100k coin collection swiped in New York City
Someone stole $100,000 worth of coins at the New York International Numismatic Convention last week, the New York Post reported on Monday.
Brutal year for bitcoin and almost $3B in crypto hacks marked 2022: report
Bitcoin is up over 25% in the past two weeks after dropping 64% in 2022, though questions remain about whether the virtual currency can find long-term support at those levels.
Bitcoin on a roll to start the new year
After a dismal year in 2022, bitcoin has started off the new year gaining 24%, while rising in 13 of the last 15 days.