The technical chart for Bitcoin shows a bullish signal hinting that the BTC price can extend further rally all the way to $35,000.
Bitcoin and the broader cryptocurrency market are currently holding up with their gains over the last weekend and earlier this week. As of press time, Bitcoin (BTC) AwaitingBitcoinDecisionEtherFedGainsHikeHoldRate Read More
The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse. With Silvergate Bank, Silicon Valley Bank and BanksCashDepositorsFederalHoldIsntRequiringReserve Read More
The price of Bitcoin (BTC) increased by 28% between March 12-14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the consumer price index's (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations.The inflation metric reached its lowest level 26KBitcoinDerivativesHoldLevelLongResistanceSuggestWont Read More
The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their deposits are safe. On Mar. 12, the New York District of Financial Services (NYDFS) took possession of crypto-friendly Signature Bank. The Federal Reserve BidenCollapseHoldResponsibleSignatureSVBVows Read More
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities BitcoinCBDCsHoldHouseInnovationsMeetingsNewsPaymentregularTreasuryWhite Read More
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and BankBitcoinCirclecitizenscryptoexchangeExchangesExpandsHoldMillionNewspartnershipsReservesTrustUSDC Read More
Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC) — a move the companies said would promote financial inclusion and digital literacy in the greater Atlanta area. On Feb. 24, 65MBankcitizensFDICInsuredHoldReservesTrustUSDC Read More
FTX's trading arm filed suit in January to recover the loan repayments made before its own bankruptcy filing.
Source 445MAlamedaCourtHoldloanOrderPendingRepaymentsSettlementVoyager Read More
Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst on Bitcoin: "Waiting for a bit lower"Data from Cointelegraph Markets Pro and TradingView recorded lows of $23,871 on Bitstamp, with S&P 500 futures slipping under 4,000 ahead of 24KBitcoinCorrelationcryptoexchangeExchangesHitsHoldLowestPriceStocks Read More
While the U.S. Federal Reserve (FED) continues to monitor the overheated economy, the most likely scenario is further interest rate hikes to curb inflation. The unintended consequence is the heightened government debt cost, creating a bullish environment for scarce assets such as commodities, stock market and cryptocurrencies.Bitcoin’s price gain practically 675MAimBitcoinBTCBullsExpiryFridaysGainsHoldLeadingoptionsWeeks Read More