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Latest from Sam Reynolds
Crypto Must Do Better to Be Banked, Say Industry Executives
The downfall of Silvergate, Signature and Silicon Valley banks have wounded digital assets. But crypto might one day work with big banks if the industry can mature, WAX CEO William Quigley and Maicon CEO Alex Liu suggested.
Coinbase Files Amicus Brief in Insider Trading Case: ‘We Need Rulemaking’
The exchange denies any of the tokens former Coinbase manager Ishan Wahi traded with associates were securities because Coinbase doesn’t list securities – but it would like to if the SEC gave it proper rules and guidance.
First Mover Asia: Bitcoin’s Store of Value Narrative Is on Full Display; Crypto Prices Stay Green
ALSO: CoinDesk's Helene Braun writes that the current banking crisis won't doom banks that serve the digital asset industry.
OKX-Affiliated Okcoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals aren't affected.
Smart Money Staying Put as USDC Remains Off Peg
Data from Nansen shows the total amount held by smart money wallets, and active addresses, are at multi-month lows.
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank are now fully backstopped by Fed.
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
Since September 2021 the growth in cash assets in small bank balance sheets has turned negative.
DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto
MakerDAO’s decentralized stablecoin hit an all-time low of 88 cents in Asian afternoon hours on Saturday.
Justin Sun Completes $100M USDC Transfer to Create Huobi Liquidity Fund
The fund was created in response to a rapid drop and then rebound of the HT token.
Crypto.com Faces Difficulty Maintaining Fiat On-Ramps in the Face of Crypto Banking Crisis
The exchange’s current EUR banking partner is only accessible to users based in the European Economic Area (EEA).
