The Era Of Crypto: Bitcoin Sets New Record Of Daily Transactions Amid Banking Turmoil

It's been a tumultuous year for the financial sector, as macroeconomic headwinds caused the 16th-largest bank in the U.S. to shut its doors in March. An unforeseen upside is happening as decentralized cryptocurrencies make a stellar comeback after a brutal crypto winter last year. See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip's Bold Vision For The Future Of Gaming Commerce Despite recessionary risks, people have been investing in riskier alternative assets such as c

• 2023-05-09
• First Republic Bank Bitcoin banking sector banking system Silicon Valley Bank centralized banking bank failure retail investors cryptocurrencies

First Mover Asia: Bitcoin Recovers From Fed Dip

PLUS: The Madlads hype appears to be over, although it hasn't dragged down the price of Solana. Cryptos return to positive territory.

• 2023-05-04
• interest rates bank failure Chief Strategist Solana

Bitcoin, Ether lose ground; Polkadot leads losers among top 10; U.S. equity futures slip

Bitcoin dipped to US$28,000 in Tuesday morning trading in Asia and then fell through that support line later in the morning. Ether and other top 10 cryptocurrencies also fell.

• 2023-05-02
• stock futures futures index bank failure interest rates NFT Polkadot Trading volume Bitcoin market capitalization

Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry

The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.

• 2023-03-25
• Federal Reserve Board Fed Signature Bank SVB bank failures bank failure Custodia Bank Custodia

Signature Bank Seizure 'Nothing To Do With Crypto,' New York Says

Signature also faced a probe by federal prosecutors, Securities and Exchange Commission, into its anti-money-laundering controls.

• 2023-03-15
• Signature Bank Barney Frank Federal Deposit Insurance Corporation Silvergate Bank Apple Podcasts bank regulation New York Silicon Valley Bank NYDFS bank failure

Silicon Valley Bank Crisis a 'Cyprus Moment' for Bitcoin: Crypto Observers

The Fed's aggressive rate hikes and balance sheet reduction have caused a historic bank failure — fashioning a real-time ad for Bitcoin self-custody, observers said.

• 2023-03-13
• Silicon Valley Bank fractional reserve banking sector SVB bank failure bitcoin depositors Cyprus centralized banking Nik Bhatia