Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s
Research from Bloomberg Intelligence argues that liquidity conditions still do not favor a continuation of the Bitcoin rally. Go to Source Powered by WPeMatico
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Bitcoin ‘untouchable’ amid regulatory pressures, says analyst
Bitcoin is “untouchable,” because it’s more decentralized than other cryptocurrencies in the space such as Ether according to senior commodity strategist Mike McGlone. Go to Source Powered by WPeMatico
Hong Kong crypto firms seeing interest from Chinese banks: Report
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland. Go to Source Powered by WPeMatico
Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector
U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet … Read more
US midsize banks seek FDIC Insurance on ‘all deposits’ for 2 years: Report
The banking coalition reportedly argued that it would bring stability to the banking industry and reduce the chances of “more bank failures,” in a letter to federal regulators. Go to Source Powered by WPeMatico
Moody’s to build scoring system for stablecoins: Report
Moody’s is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets. Go to Source Powered by WPeMatico
Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers
The lawyer’s didn’t specify the date or time at which the incident took place, and claimed the security personnel were unable to get the license plate details. Go to Source Powered by WPeMatico
CoinDesk could be up for grabs as parent company DCG scrambles for funds
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment. Go to Source Powered by WPeMatico
BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst
The Bloomberg analyst said Bitcoin is forming a bottom similar to how it looked prior to the 2019 bull run but with one major difference in the markets. Go to Source Powered by WPeMatico
Major media outlets demand identities of SBF’s $250M bond guarantors
The media’s lawyers argued the public’s right to know Bankman-Fried’s sureties outweighed their privacy and safety rights, but Bankman-Fried’s lawyers strongly disagreed. Go to Source Powered by WPeMatico
