The post FDIC asked Signature buyers to stop all crypto business: Report appeared on BitcoinEthereumNews.com. The United States’ Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks to not support any crypto services. The FDIC regulators have asked banks…
First Republic Bank and SVB Made the Same Flawed Bet. They’re Paying Now.
The post First Republic Bank and SVB Made the Same Flawed Bet. They’re Paying Now. appeared on BitcoinEthereumNews.com. One of the many mysteries surrounding the recent banking crisis is that two of the institutions caught up in the mess, Silicon Valley Bank and First Republic Bank are located…
Virgin Orbit pauses operations and reportedly furloughs staff
The post Virgin Orbit pauses operations and reportedly furloughs staff appeared on BitcoinEthereumNews.com. Virgin Orbit’s Cosmic Girl failed to launch at a test flight in January – AP Virgin Orbit, the Richard Branson-founded satellite launch firm has paused operations and furloughed staff while…
Ethereum Shanghai Upgrade Completes Final Dress Rehearsal
The post Ethereum Shanghai Upgrade Completes Final Dress Rehearsal appeared on BitcoinEthereumNews.com. The Ethereum Shanghai Upgrade is inching closer to reality as developers announce that the hard fork is undergoing rigorous testing on the Goerli public testnet. This upgrade marks the next…
Bitcoin Price Closes Below $25k for the Second Day in a Row – Market Reversal Incoming?
The post Bitcoin Price Closes Below $25k for the Second Day in a Row – Market Reversal Incoming? appeared on BitcoinEthereumNews.com. The Bitcoin market has struggled to overturn $25k to a support line despite the recent spike to $26.5k earlier this week. On the Bitcoin daily chart, a bearish reversal pattern…
Credit Suisse shares soar 30% on Swiss National Bank loan announcement
The post Credit Suisse shares soar 30% on Swiss National Bank loan announcement appeared on BitcoinEthereumNews.com. A branch of Swiss banking giant Credit Suisse behind a window under the rain, in Basel. (Photo by FABRICE COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Fabrice…
FTX identify over $3B transfer to SBF, others
The post FTX identify over $3B transfer to SBF, others appeared on BitcoinEthereumNews.com. FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research. According…
SEC Chair Says PoS Crypto Tokens are Securities, Clashes with CFTC
The post SEC Chair Says PoS Crypto Tokens are Securities, Clashes with CFTC appeared on BitcoinEthereumNews.com. The United States Securities and Exchange Commission Chairperson Gary Gensler reiterated that all proof-of-stake (PoS) crypto tokens should be registered as securities. According to Gensler, creators of PoS protocols often…
Circle CEO Jeremy Allaire Warns Contagion Risks Not Completely Gone Following USDC Depeg
The post Circle CEO Jeremy Allaire Warns Contagion Risks Not Completely Gone Following USDC Depeg appeared on BitcoinEthereumNews.com. Circle CEO Jeremy Allaire believes that the risks to the banking system haven’t completely disappeared days after the US federal government stepped in to protect depositors of the now-collapsed Silicon…
SEC chair Gensler suggests classifying PoS tokens as securities
The post SEC chair Gensler suggests classifying PoS tokens as securities appeared on BitcoinEthereumNews.com. SEC Chairman Gensler has emphasized that specific tokens that utilize staking protocols may be classified as securities under US law due to the returns earned by their holders. On March…