Bitcoin finished its worst week since FTX’s fall last November amid fears that several US crypto companies will lose access to bank credit. A midsized US bank had to be rescued and taken over by the government in order to ensure customer deposits. Fear is growing in the market that other US banks could follow. Silvergate […]
Panic over the solvency of Circle, a major US-based crypto firm, grew overnight and Circle management had to reassure customers that their funds would be protected. USDC, the second-largest stablecoin and fifth-largest cryptocurrency according to market cap, lost its peg to the dollar on Saturday morning as a result of some a good $2 billion […]
After the Federal Reserve sent a first warning this week that interest rates in the US can still be higher in order to slow down the economy and thus bring inflation down, there is now also the (self-elected) bankruptcy of the Silvergate bank, who was the official banker for many crypto companies in the US. […]
Both stocks in the United States and the crypto market reacted rather negatively to the tone of Federal Reserve Chairman Jay Powell earlier this week. After all, he announced that interest rates could be going up for a longer time than foreseen. The AI model that predicts the price of Bitcoin and Ethereum before the […]
The US stock market watchdog SEC (Securities and Exchange Commission) continues its series of repressive actions against crypto companies and seems determined to arrest fraudsters. After the debacles surrounding FTX and the Silvergate bank, the SEC is clearly not prepared to miss another crypto scandal. This time, started a lawsuit against crypto platform BKCoin which […]
Crypto companies in the United States needs banks, in fact much more than banks in the United States need crypto. If Silvergate, the California bank that so many American crypto companies did business with, were to collapse, it would create an existential problem for some of them. And a mega problem for the entire crypto […]
AI or Artificial Intelligence is very hot in 2023. We now see self-driving taxis in San Francisco, internet programs such as ChatGPT and Dall-E that can take over creative jobs once thought of as safe from automation and machine-learning programs that predict the prices of stocks and crypto. It is a real fashion trend this […]
Europe is still at war. For the second year in a row, Ukraine and Russia are fighting a bloody war on the European continent. Whether you like it or not, this war also affects crypto coins and crypto companies. After one year, Ukraine clearly seems to be winning the crypto war against the Russians. Sanctions […]
The crypto market saw a (minor) selloff on Friday and is not doing much better on Saturday morning. If you’re wondering why and if this is a good time to buy, here’s a rundown of the top three reasons. In essence, they’re inflation, momentum and Silvergate Inflation As experts at CNBC reported earlier this week (and we did […]
Back in January, the number of bullish media titles were too numerous to cover. Both stocks and crypto seemed to be making a big comeback and Bitcoin was up about 40% (some say 50%) in the first six weeks of the year. After that, the market came to a standstill and a pause was initiated. […]
