BitMEX co-founder CEO Arthur Hayes is forecasting a large Bitcoin (BTC) rally and a significant pivot from the world’s central banks. Reacting to the information that the Individuals’s Financial institution of China has decreased the Reserve Ratio Requirement (RRR) by 0.25%, Hayes says he’s concentrating on a $1 million price [...]
The relationship between banks and cryptocurrencies has been a topic of debate and scrutiny in recent years. While some embraced cryptocurrencies and integrated them into their services, others have been more hesitant due to regulatory concerns and perceived risks. This article explores the trend of fewer banks accepting cryptocurrencies and [...]
The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) development vastly outperforms prime Wall Avenue financial institution shares, notably as fears of a world banking disaster are rising. BTC market cap each day efficiency chart. Supply: TradingView Furthermore, Bitcoin has decoupled from United [...]
Silvergate Financial institution headquarters in La Jolla, Calif. The corporate is a serious participant in crypto banking. Ariana Drehsler/Bloomberg Textual content measurement Silvergate Capital is in disaster mode after the crypto financial institution warned about its means to “proceed as a going concern.” The disclosure, made in a securities submitting [...]
Supply: AdobeStock / BGStock72 In response to the evolving authorized and regulatory panorama surrounding the crypto trade, HSBC Holdings Plc and Nationwide Constructing Society have taken measures to restrict retail clients’ entry to cryptoassets. This newest improvement highlights the rising issues and uncertainties confronted by UK banks concerning the use [...]