Bitcoiners are eying up crypto held by the feds. On Wednesday, the price of Bitcoin took a sharp nosedive—plunging 7% in an hour. It took most of the crypto market with it, too. The dip came shortly before blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts…
Cross River Bank is yet to confirm or deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021. Source: https://cointelegraph.com/public/index.php/news/fdic-alleges-cross-river-engaged-in-unsafe-lending-practices
The FDIC blamed Signature’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk ma… Source: https://cointelegraph.com/public/index.php/news/fdic-pins-signature-bank-s-failure-on-poor-governance-and-illiquidity
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as a means of payment and…
Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in the week, Bitcoin returned to sideways…
The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.” Source: https://cointelegraph.com/public/index.php/news/first-republic-s-crisis-is-not-an-isolated-incident-suggests-jpmorgan-exec
Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel which was hacked by an anonymous bad actor to promote XRP (XRP) cryptocurrency scams. While the phenomenon of hacking into YouTube channels to promote various scams has been one of the long-standing methods of targeting unwary investors, the number of creators on the platform reporting such hacks has…
United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important check” against government spending. Bitcoin Is Still the ‘Most Dominant’ United States Senator Ted Cruz…
An exec at JPMorgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Bank (FHLB) emergency lending programs expire – warning that the possible collapse of First Republic Bank may cause a domino effect. In an April 27 Bloomberg television interview, Bob Michele, CIO of…
After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency to Paypal Users, External Accounts,…
