Bitcoin Price Falls. There’s Trouble at Silvergate.
Bitcoin and other cryptocurrencies were falling Thursday, under pressure but holding key levels amid signs of distress at Silvergate Capital an influential banker to the digital asset industry. The price of Bitcoin has declined nearly 2% over the past 24 hours to $23,275. The largest crypto has consolidated between $23,000 and $24,000 in recent weeks, […]
A digital currency is likely to be needed, says U.K. Treasury and Bank of England
The U.K. government said Monday that a digital currency is likely needed, as countries around the world examine the changing nature of payments. A statement issued by both the U.K. Treasury and the Bank of England said they were seeking comments, though they said no decision has yet to be taken. The consultation will run […]
DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M
What a difference a few months makes. Since the implosion and bankruptcy filing of the cryptocurrency exchange FTX in November, its founder Sam Bankman-Fried has experienced some dramatic life changes—as have those closest to him. A prime example? The listing of a townhouse in Washington, DC, that was purchased in April 2022 by Guardians Against […]
Bitcoin Pares Gains. Why the Coming Days Could Bring More Volatility.
Bitcoin and other cryptocurrencies took a breather Wednesday, paring gains from a rally that has lifted digital assets to the highest levels in months. But the next week holds key macro catalysts that could see cryptos make another big move. The price of Bitcoin has shed 2% over the past 24 hours to below $22,550. […]
Crypto Banks Borrow Billions From Home-Loan Banks to Plug Shortfalls
MarketsCurrenciesCryptocurrencySignature and Silvergate turn to government-chartered lenders after customer withdrawals surge Source link
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as FTX US’s president in September, wrote about his experience with the company in a 49-part Twitter thread published Tuesday. Harrison had rarely made any […]
Holy high rollers: phony pastors targeted immigrants in $28 million Ponzi scheme
“I’m everything you imagine me to be, as long as it’s good and it’s Godly.” That’s how Dennis Jali, a South African self-proclaimed finance guru sold his Christian-themed program of financial success to crowds of mainly African immigrants at churches and banquet halls in and around Baltimore and Washington, D.C. But while Jali claimed he […]