First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K

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First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K
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$BTC rises above $28,000 for the first time since last June as traders see the coin as a hedge against the traditional bank systems, which has faced many troubles recently. LedesmaLyllah reports.

it had joined with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system. Bitcoin was up 25% this month through Sunday., a subsidiary of New York Community Bancorp, as of Monday under a purchase and assumption agreement, the Federal Deposit Insurance Corp.on Sunday.

Signature Bridge Bank depositors – other than depositors related to the digital banking business – will automatically become depositors of Flagstar, and will continue to be insured by the FDIC up to the insurance limit. Flagstar Bank's bid didn't include $4 billion of deposits related to the former Signature Bank's digital banking business.

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