Elon Musk changed the Twitter logo to Shiba Inu
Elon Musk changed the Twitter logo to Shiba Inu, and dogecoin jumped 30% overnight.
Stablecoin USDC holds $43 billion in Cash Reserves at Failed Silicon Valley Bank
U.S.-based stablecoin issuer Circle held part of its USDC cash reserves at Silicon Valley Bank, according to the firm. USDC is the second-largest stablecoin on the market, with a $43…
Binance to suspend U.S. dollar withdrawals and deposits for international customers Feb. 8
CNBC reports that Binance will suspend U.S. dollar withdrawals and deposits for all international customers beginning Feb. 8. This will not affect users at Binance US.
BlockFi = Bankrupt
CNBC is reporting that crypto exchange BlockFi has filed for Chapter 11 bankruptcy. It follows the bankruptcies of FTX, Vogager, and Celsius.
BTX now hacked-660 million missing, as much as one billion-What a disaster!
Stories now are saying that it appears to be inside job, but it’s early and this story is just getting started. Some are saying it’s as much as 1 billion.…
FTX files for U.S. bankruptcy protection, CEO Sam Bankman-Fried resigns
Cryptocurrency exchange FTX said Friday it was commencing bankruptcy proceedings in the United States and Sam Bankman-Fried is resigning from his role as chief executive officer per Reuters. SBF unable…
Binance walks away from deal to aquire FTX
In a tweet, Binance has officially canceled it’s deal to rescue FTX with a buyout. BTC has dropped below 16k after the news broke. Expect further fallout. “As a result…
Binance to rescue FTX? Not so fast
Crypto giant Binance has signed a nonbinding agreement Tuesday to buy FTX’s non-U.S. unit in a move to help cover a “liquidity crunch” at the giant crypto exchange. But is…
US Federal Reserve Bank Chair Jerome Powell says a CBDC “would not be anonymous.”
Powell said in today’s panel discussion that if they pursue a CBDC (Central Bank Digital Currrency), it should have four characteristics. The first is that it would be “intermediated.” Second,…
Jaime Dimon: “Bitcoin & other crypto are decentralized Ponzi schemes”
Jaime Dimon, the JPMorgan CEO deemed Bitcoin & other crypto “decentralized Ponzi schemes” while testifying before the House Financial Services Committee. Testifying in from of the House, he stated: “I’m…