Bitcoin Survived SVB And Silvergate Bank Fails; It Will Survive First Republic’s, Too ForbesCrypto
, back in February. I don’t want to steal his subscribers by giving any more takeaways than that.
Dr. Praveen Buddiga, co-founder of the Terareum Hybrid Crypto Exchange disagrees. He thinks crypto exchanges will be a target for traditional banks to crowd into crypto like corporate media brands crowded into the internet. Even though two crypto banks failed, Silicon Valley Bank and Credit Suisse were much bigger names. And First Republic is the second-largest failed bank in U.S. history. Traditional finance isn’t doing any better than the recent crypto failures.
Recent official comment about any new cryptocurrency regulation has been about protecting investors from fraud, and protecting the U.S. from money laundering, which Treasury SecretaryThe stress of bitcoin depends where you sit in the market – Are you running a Silvergate type of business? Coinbase? Are you just a retail investor trading on E*Trade? For most investors, bitcoin is not much different than a high risk/high reward stock.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Survived SVB And Silvergate Bank Fails; It Will Survive First Republic’s, TooOver a one-month period beginning March 13, when Silvergate, Signature Bank and Silicon Valley Bank all folded, the bitcoin price has gone up by 25%, beating traditional financial stocks. Bitcoin haters in government and traditional banking have their work cut out for them.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin NewsBitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision.
Read more »
Coinbase Launches International Exchange for Bitcoin and Ether Perpetual Futures – Bitcoin NewsCoinbase, the San Francisco-based crypto exchange, recently announced the launch of a new BTC and ETH perpetual futures service called Coinbase International Exchange.
Read more »
2nd biggest US bank failure — 5 things to know in Bitcoin this weekBitcoin faces the music with the Fed as BTC price pressures mount to start the week.
Read more »
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators – Bitcoin NewsFollowing the bank's seizure, JPMorgan Chase submitted the winning bid to assume control of First Republic Bank's deposits.
Read more »
Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic BankBitcoin started the U.S. trading week edging below $28K, part of a downward spiral that began Sunday. Investors have been weighing industry and macroeconomic uncertainty and will be eyeing the FOMC's meeting, which starts Tuesday. By _jocelynyang_
Read more »