Crypto prices tumbled Thursday after Silvergate, a bank that has been at the forefront of the industry’s growth, made the decision to shut down. Bitcoin plummeted 2% to $21,570.04, according to Coin Metrics. Ether lost nearly 2% and was last trading at $1,527.58.The slight move lower began late Wednesday, a few hours after Silvergate Capital … Read more
Looking to invest in crypto but don’t have the time or expertise? Consider crypto hedge funds, a popular investment vehicle in the world of digital assets. Our beginner’s guide explores what crypto hedge funds are, how they work, and how you can start investing in them. Crypto Hedge Funds: A beginner’s guide Crypto hedge funds … Read more
Three Arrows Gives Crypto Another Try”: Three Arrows is taking another shot at the crypto market. Find out what this means for you. Three Arrows Gives Crypto Another Try In the world of crypto, it is possible to borrow money against collateral that is considered extremely risky or even transparently worthless. Sam Bankman-Fried, a crypto … Read more
Newly unsealed bankruptcy documents revealed that FTX owes money to thousands of creditors after the once-mighty crypto exchange collapsed in November. Included in the creditor list are big names from Wall Street, such as Goldman Sachs and JPMorgan, as well as businesses, charities, individuals and other entities from around the world. FTX is now at … Read more
The Bank of England and the UK Treasury are planning to create a digital pound that would offer a more stable alternative to bitcoin or ether. The officials say that a digital pound is likely to be needed in the future as cash is still widely used. “A digital pound issued and backed by the … Read more