The Crypto Shell Game – The American Prospect
When cryptocurrency promoters tried to convince gullible investors that their money was safe, a challenge was to demonstrate that the real assets allegedly backing crypto creations...
Tagged: banking services
Bitcoin rebounds from banking crisis rout. It may be too good to be true.
Bitcoin and other cryptocurrencies edged higher on Monday, more than recovering from losses from late last week amid a crisis of confidence in the US banking...
Crypto is removed. What it means for Bitcoin and the industry
The crypto industry wanted to de-bank the world. Instead, it was itself discontinued. The closure of Signature Bank (ticker: SBNY) by regulators on Sunday effectively shut...
Fintech trends and founders investors are watching in 2023
Fintech, a multifaceted industry, has gained significant popularity, with banks and insurance companies leading the charge for growth. Eager to acquire any promising technology, these players...
Bitcoin, ether rally as Fed announces new emergency loan program for banks
Published: 12 March 2023 at 8:02 p.m. ET Major cryptocurrencies rallied on Sunday, as the Federal Reserve announced a new emergency loan program for banks after...
The Collapse of Silicon Valley Bank
Silicon Valley Bank’s 40-year reign as the provider of choice for tech startups ended this week with a suddenness and brutality that shocked even the most...
Stablecoin USDC, part of Crypto’s bedrock, is trapped in Silicon Valley Bank
One of the key foundations of the cryptocurrency market appears to be on shaky ground, as stablecoin issuer Circle Internet Financial revealed that a significant portion...
Senators say regulators are ‘de-banking’ the crypto sector in America
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Want to avoid crypto scams? The FTC says do these three things
Published: March 10, 2023 at 1:59 PM ET Cryptocurrency scams continue to cost people money. Crypto scammers took $1 billion from Americans from January 2021 to...
Bitcoin Tanks as Silicon Valley Bank’s Collapse Raises Contagion Fears
Published: March 10, 2023 at 1:34 p.m. ET Bitcoin saw its losses deepen on Friday, falling below $20,000 for the first time since January, as investors...