Cryptocurrency

March 14, 2023

US Fed faces internal probe over Silicon Valley Bank failure

Federal Reserve chair Jerome Powell said a “careful and thoughtful” review is needed to understand how the bank collapsed under its watch.   The Federal Reserve […]

Meta pulling the plug on NFTs across Instagram and Facebook

The short-lived NFT features were first launched in May, but Meta’s financial technology lead said it is “winding down” the tools to focus elsewhere.   Big […]

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

The controversial founder of Terraform Labs, Do Kwon, is at the center of the investigation, despite being believed to be hiding out in Serbia.   It […]
March 13, 2023

US Treasury Secretary Yellen working on SVB collapse, not a bailout: Report

Janet Yellen said in an interview on March 12 that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a major bailout. […]

Ripple CEO assures ‘strong financial position’ despite SVB collapse

In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations.   Ripple CEO Brad Garlinghouse took to Twitter […]

Breaking: Signature Bank closed by New York regulators, citing ‘systemic risk’

The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement. […]
March 09, 2023

Biden wants to double capital gains and clamp down on crypto wash sales: Reports

The Biden administration reportedly wants to apply the wash sale rule to crypto, which would end a strategy in which a trader sells and then immediately […]

Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair

In the tug-of-war between the United States regulators over control of crypto assets, the Commodity Futures Trading Commission chair has tripled-down on his stance that Ether […]

Marathon Digital terminates credit facilities with Silvergate Bank

The decision to end its loan facilities with Silvergate Bank follows a shift in Marathon’s long-term financial strategy to build liquidity.   Bitcoin mining company Marathon […]

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