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Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO.
The regulatory crackdown was highly anticipated based on the recent White House report to Congress, which called crypto volatile for investment.
First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
Thursday’s price pump in crypto comes following a rally in US equities as markets choose to look beyond the Fed rate hikes.
Some crypto industry insiders believe that BTC price can surge to its previous all-time high of $69,000 and even beyond to $100,000.
According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term.
Amid its ongoing crackdown on crypto entities, the SEC issued an enforcement action Wells notice to Coinbase.
Gary Gensler noted that the case indicates the high risks investors face when there is no proper disclosure before the offering of crypto asset securities.
Fed’s fight over inflation continues and they have shown determination to bring it under the 2% target. Bitcoin has entered a mild correction along with US equities.
Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy by the average consumer.
The technical chart for Bitcoin shows a bullish signal hinting that the BTC price can extend further rally all the way to $35,000.
The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen.
A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.”
UBS and Credit Suisse both saw their shares spiral after the former agreed to an emergency rescue of the latter.
Bitcoin is still on a roll, briefly surpassing $28K for the first time in a while, and is up 20.8% for March.