Wall Street

Cryptocurrency
Circle fights to save USDC after Signature Bank collapse: Will they succeed?

Circle, a leading issuer of the stablecoin USDC, has reportedly moved to restore investor confidence after an operational failure at Signature Bank caused some investors to lose access to their funds. Signature Bank’s Operational Failure Causes USDC Disruptions Signature Bank…

Banks Crypto
Circle’s USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle, a U.S.-based stablecoin issuer, has come under scrutiny after it was revealed that the company held a portion of its USDC stablecoin’s cash reserves at Silicon Valley Bank (SVB) as of January 17th. This comes after SVB was taken…

crypto adoption
Bitcoin Adoption as Legal Tender in El Salvador Leads to 95% Boost in Tourism, Highlighting Potential Benefits of Cryptocurrency for Developing Countries

El Salvador became the first country to adopt Bitcoin as legal tender in September 2021, and since then, it has been closely watched by the cryptocurrency industry and the wider world. One unexpected consequence of this move has been a…

Cryptocurrency
Banking System Unlikely to be Impacted by Silvergate Crypto Disaster

Silvergate Capital Corporation, a leading provider of innovative financial infrastructure solutions and services for the digital currency industry, saw its stock drop over 50% in a single day following the company’s announcement of its financial results for the fourth quarter…

SEC
Regulations
Regulators oppose Binance.US and Voyager’s billion$ deal for being unlawful, with a focus on Voyager’s VGX token

Regulators from New York and federal finance have filed objections to the $1.02 billion deal proposed by Binance.US to acquire assets from the bankrupt crypto lender Voyager Digital.As per Feb 22 filings, it could be discriminatory and unlawful. As per…

Cryptocurrency
Coinbase Sets Ambitious Goal of One Billion Users, Shifts Focus to Regulation

Coinbase, one of the world’s largest cryptocurrency exchanges, has set its sights on achieving one billion users in the coming years. In order to do so, the company’s CEO, Brian Armstrong, has announced that his focus for 2023 will be…

Crypto Trading
Institutions Don’t See Value in Crypto – JPMorgan Survey

JPMorgan conducted an e-trading survey that involved 835 institutional traders from 60 locations. The survey aimed to get the views of traders regarding upcoming trends and hotly debated topics. The questions were not crypto-specific but rather aimed to get an…

Cryptocurrency
George Soros Exits Twitter and Zoom stocks, Invests in Crypto-Linked Stocks in Q4

Billionaire investor George Soros has made some notable changes to his portfolio in the fourth quarter of 2022. Soros, known for his successful bets on currencies and commodities, has recently divested his positions in Twitter and COVID-19 play Zoom, while…

Cryptocurrency
Hong Kong plans to make crypto purchase and trading legal for all of its citizens

While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…

Cryptocurrency
Ark Invest Pumps up their Coinbase Stocks by $16 million, Degens Love It

Institutional investors are gradually warming up to cryptocurrencies, and Cathie Wood‘s Ark Invest’s recent acquisition of Coinbase stocks is the latest example of this trend. According to recent reports, Ark Invest acquired almost $16 million worth of Coinbase stocks in…