Ethereum Price Plunge Imminent as Key Support Line Collapses
Ethereum price is moving lower toward the $1,500 support against the US dollar. ETH could correct higher, but upsides might be limited
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Collapses
BTC price meets CPI as volatility ‘collapses’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of August with barely a sound as rangebound BTC price behavior continues.After one of its least volatile weekly closes, BTC/USD remains stuck at $29,000 — but can the coming seven days provide what is needed to break the deadlock?Headlining the list of potential volatility
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What happens if Binance collapses?
With all the regulatory hurdles Binance, the largest cryptocurrency exchange by trading volume, has faced over the past months, investors have taken a cautious approach toward the exchange. It all started with the US commodity futures trading commission (CFTC) taking legal action against Binance for violating the Commodity Exchange Act (CEA)
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Heartland Tri-State Bank collapses, FDIC steps in
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Heartland Tri-State Bank is bankrupt but the Federal Deposit Insurance Corporation (FDIC) has already stepped in to protect customer interests, reports on July 29 show. This bankruptcy marks another bank failure in weeks following the collapse of First
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Sequoia slashes its crypto fund by 66% after industry collapses: Report
Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players.According to a July 27 Wall Street Journal report, the tech-focused VC firm told investors in March it would reduce its Sequoia Crypto
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Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ the Bank for International Settlements (BIS) Said After the FTX and Terra Collapses
Despite the millions of retail and institutional investors getting involved in the growing sector, “crypto has so far failed to harness innovation to the benefit of society,” said the report, prepared for a meeting of G20 finance ministers and central bank governors due to take place in Gandhinagar, India this
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Senators slam bank execs for blaming collapses on crypto, pocketing millions
A former Signature Bank executive has been slammed for trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options. During a Senate Banking Committee hearing on May 16, United States Senator Cynthia Lummis lashed out at Scott Shay,
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Tencent-backed Everledger collapses amid lack of funding: Report
The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor.Everledger, which uses blockchain to track the provenance of diamonds and other goods, failed to make its latest funding round happen, the AFR reported on May 8.Subsequently, Everledger was quietly placed
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India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’ – Regulation Bitcoin News
India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.” She stressed: “We seek to develop a common framework for all countries to deal
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Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations – Regulation Bitcoin News
On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman
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