Bitcoin's Tight Correlation With Tech Stocks Muddies Safe Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset. Source
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Safe
Bitcoin Is Still in Its ‘Safe Haven Period’: Analyst
In the past month, Connors noted, the value of the largest crypto by market cap has risen by over 20% compared to gold, up by about 8%, and U.S. 10-year Treasury bonds, which have decreased by 4.3%. In the last two weeks, the bitcoin price rose by about 15%, to
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Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat. Source
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Bitcoin’s Price Rally Driven by Americans’ Safe Haven Bid: Matrixport
"Since the dip on March 10, Bitcoin has rallied by +44%. +31% of the rally was driven during the U.S. trading hours, and an indicator that Americans are buying bitcoins with both hands," Markus Thielen, head of research and strategy, said in a note to clients, adding that the stress
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Diversified set of guardians required for safe self-custody: Vitalik Buterin
Ethereum co-founder Vitalik Buterin has emphasized the importance of having a varied set of “guardians” to maximize the safety of crypto asset self-custody via multisig and social recovery wallets. Given the ever-growing rate of crypto scams and hacks over the past few years, and several major crypto firms going bust
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Crypto acted as safe haven amid SVB and Signature bank run: Cathie Wood
Amid all the chaos around multiple bank runs in the United States, Cathie Wood, CEO of asset management firm ARK Invest, said cryptocurrencies acted as a safe haven amid the ongoing banking crisis in the United States. She blamed the recent downfall of the likes of Silicon Valley Bank (SVB),
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BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday. Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that the digital asset lender is safe and in no immediate danger. The lawyer, Christine Okike, stated that the embattled New Jersey-based company also
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U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody
U.S. Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee, and Sen. Cynthia Lummis (R-Wyo.), who has authored crypto legislation, sent a letter to several banking agencies on Thursday asking how they’re dealing with a controversial bulletin from the Securities and Exchange Commission that advised financial institutions
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Safe Collaborates with Stripe & Gelato to Release ‘Core’ Open-source Software Stack Aimed at Enhancing Decentralized Space
The Safe (Core) development stack incorporates digital solutions from Stripe and Gelato to enhance developer experience. Swiss-based self-custody infrastructure provider Safe partnered with Gelato and Stripe to launch the open-source software stack Core. According to reports, Safe (formerly known as Gnosis Safe) released the new development stack for simplified Smart Contract development on Ethereum. In a blog post,
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Yield platform Stablegains sued for promoting UST as a ‘safe’ investment
Decentralized finance yield platform Stablegains has been sued in a Californian court for allegedly misleading investors and failing to comply with securities laws.On Feb. 18, plaintiffs Alec and Artin Ohanian filed a complaint in the U.S. District Court for the central district of California.In it they alleged that Stablegains, a
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