Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4
Delay in Silvergate’s financials sparks fears over bankruptcy, FTX reports $8.6B deficit and Binance’s balance sheet sought by U.S. senators.
Related Posts
Will US regulators shake stablecoins into high-tech banks?
Regulators around the world have been thinking seriously about the risks associated with stablecoins since 2019 but recently, concerns have intensified, particularly in the United States. In November, the United States’ President’s Working Group on Financial Markets, or PWG, issued a key report, raising questions about possible “stablecoin runs” as well as “payment system risk.” The…
Why did Bitcoin drop? Analysts point to 5 potential reasons
Elon Musk's SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant and fears of interest rate hikes have been among the theories raised as to Bitcoin's freak price dip.On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking…
Crypto.com continues its worldwide registration push with Brazilian EMI license
The cryptocurrency exchange has offered a crypto/fiat Visa card in Brazil since last year and is expanding rapidly on international markets. 1559 Total views 12 Total shares Own this piece of crypto history Collect this article as NFTCrypto.com has received a Payment Institution License (EMI) from Banco Central do Brasil, the central bank of Brazil. The…
Argo Blockchain sells top mining facility to Galaxy Digital for $65M
Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy. 463 Total views 12 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTCryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios…
Japan’s LINE Pay and Visa Partner on New Blockchain, Digital Payments Solutions
LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions. The news was revealed in a press release shared with Cointelegraph on June 6.As of Q4 2018, there were an estimated 1.66 billion Visa debit cards…
Rumored US crypto wallet restrictions: A step toward financial exclusion
The crypto community has a saying: “Not your keys, not your coins,” which means that if you hold your crypto on a third-party custodial wallet, you don’t truly have ownership of the coins. The entity controlling the private key of the wallet ultimately has power over it. Self-hosted wallets, or non-custodial wallets, allow individuals to…
Airbnb Co-Founder Participates in Almost $23 Million Funding Round for Crypto Startup
Cryptocurrency trading platform SFOX has announced the closure of a $22.7 million Series A funding round with participation from Airbnb co-founder Nathan Blecharczyk, according to an August 16 press release. Co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, led the Series A funding round for the U.S.-based cryptocurrency dealer SFOX, with participation…
SEC custody rule made crypto regulation a ‘political football’ — Rep. Nickel
The SEC’s proposed crypto custody rule and its “hostility” to the industry isn’t in Joe Biden’s “best interests,” Representative Wiley Nickel told Gary Gensler.