As crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven.
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Bitcoin closed out its best week in four years as turmoil in traditional banking drove some investors to turn to digital assets.
Efforts to shore up the banking sector and bets that the US may start cutting interest rates later this year have bolstered investor sentiment.
Crypto hasn’t yet caused a real-world economic meltdown, but regulators are right not to let this crisis go to waste.
When the world’s second largest stablecoin got caught up in the collapse of a California bank late last week, it reprised a now-famous maxim.
Bitcoin jumped the most of almost a month after US authorities sought to stem concern about the health of the nation’s financial system.
Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole.
The fallout from the failure of Silicon Valley Bank unhinged a key cog in the market that’s meant to be among the safest digital assets in the crypto space.
Silvergate Capital is closing its doors, ending a decade-long crypto dream that once made it a central player as the industry boomed.
Binance’s stablecoin, Binance USD, has seen around $6-billion of outflows following a US regulatory crackdown on the company that issues the token.