The US Federal Reserve is taking steps to address the fast-evolving cryptocurrency industry. The central bank has announced that it is creating a specialized team of experts to monitor developments in the cryptocurrency sector, with […]
“Silicon Valley Bank (SIVB), another crypto-friendly bank, comes under pressure. The bank is generally regarded as one of the default fallback options for industry participants impacted by the collapse of Silvergate. Operation Chokepoint 2.0 continues […]
While Silvergate’s demise may have rung alarm bells for investors about the durability of banks with close ties to the crypto industry, the rout has spread to more traditional lenders. Most notably, SVB Financial Group […]
Investors sold stocks, especially shares of banks, and other risky assets ahead of the U.S. jobs report on Friday. Bitcoin has lost 9% over the last 24 hours, dropping below $20,000, a level the cryptocurrency […]
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