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Bitcoin Price Tops $26.4K, Quickly Rejected as Over $311M Liquidated in Crypto Market
By Steve Muchoki
• 3 mins read
High-impact news, including the CPI release and the US banking crisis, significantly contributed to Bitcoin price topping $26K.
Anchorage Digital Sends Home 75 Employees amid Crypto Regulatory Uncertainty
By Steve Muchoki
• 3 mins read
Anchorage Digital was the first federally chartered crypto bank in the United States after it raised $350 million at more than $3 billion valuation in 2021.
Coinbase (COIN) Stock Gains 10% amid Banking Crisis and Crypto Recovery
By Steve Muchoki
• 3 mins read
Coinbase shares are up approximately 67 percent YTD, despite a 62 percent decline last year.
Gemini Had Zero Exposure to Signature Bank, Customers’ Funds Held at JPMorgan, Others
By Steve Muchoki
• 3 mins read
Gemini crypto exchange reassured its customers that reputable banks, including Fidelity, hold all GUSD reserves.
HSBC Acquires Troubled Silicon Valley Bank (SVB) UK Subsidiary for £1, Shares Down Today
By Steve Muchoki
• 3 mins read
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis.
Bank of London Submits Proposal to Acquire Silicon Valley Bank (SVB) UK Arm
By Steve Muchoki
• 3 mins read
According to Bank of London co-founder and CEO Anthony Watson in a statement, the acquisition of Silicon Valley Bank SVB’s assets could be a unique opportunity to grow the banking sector in the United Kingdom.
Dell Q4 2023 and Full-Year Earnings Tops Estimates but Misses Guidance Expectations, Shares Drop 3%
By Steve Muchoki
• 3 mins read
Dell announced that Sweet would retire as the chief financial officer at the end of Q2 and be replaced by Yvonne McGill.
Marathon Digital Sold Nearly All Bitcoins Mined in February
By Steve Muchoki
• 3 mins read
The company announced that it would continue adding more Bitcoin miners this year.
Mt.Gox Creditors to Start Receiving Bitcoin Payouts from March 10
By Steve Muchoki
• 3 mins read
Nearly a decade after, the end Mt.Gox case will solve historical injustice on early Bitcoin and crypto investors who lost potential high profits over the years.
Coinbase CEO Calls for Clear Crypto Regulations in US to Catch Up with Other Global Financial Hubs
By Steve Muchoki
• 3 mins read
According to Armstrong, the crypto asset market is here to stay, thus the reason traditional financial services are integrating with the blockchain and cryptocurrency industry.