Coinbase under pressure as signature bank failure adds to crypto banking woes
A crisis of confidence across US banks is hitting crypto companies particularly hard – and it has now gone far beyond last week’s collapse of crypto-focused...
Tagged: money
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...
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...
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...
Noem vetoes state bill that would exclude Bitcoin from being considered money
SDakota Governor Kristi Noem vetoed Republican legislation that would have excluded cryptocurrency from being considered money, a move that could have hurt the cryptocurrency economy in...
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...
Bitcoin falls below $20,000 with “little reason to buy.” It could quickly get worse.
Bitcoin and other cryptocurrencies fell on Friday, with prices under pressure from stress in the digital asset industry as well as losses in broader markets. The...
Bitcoin falls, as Silvergate’s collapse highlights the biggest threat to crypto
An earlier version of this article incorrectly described Signature Bank as a crypto lender. The article has been corrected. Hello! Welcome back to the Distributed Ledger....