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Silicon Valley Bank was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. The bank’s closure follows fast on the heels of competitor Silvergate’s voluntary liquidation earlier this week. "The Hash" panel discusses what this means for the crypto sector, as CoinDesk research shows that Blockchain Capital, Castle Island Ventures, Dragonfly and Pantera all had relationships with the bank.

10 мар. 2023 г.

Rosetta Analytics co-founder Angelo Calvello writes in a CoinDesk op-ed that there were numerous signs of Silvergate's problems, but none of the analysts following the company picked them up. "We've got to get the institutional investors to look at crypto investing, DeFi, through the right lens to understand the risks and opportunities instead of looking at it through a traditional one," Calvello said on "First Mover."

10 мар. 2023 г.

Bitcoin (BTC) dipped below $20,000 early Friday morning amid a broader market sell-off and Silvergate aftermath, a level the cryptocurrency hasn’t fallen below since mid-January. Bitwise Crypto Analyst Ryan Rasmussen said this pullback "is a sign that markets are watching the macro environment very closely," predicting bitcoin could hit $19,000 before rising again.

10 мар. 2023 г.

In a filing against crypto exchange KuCoin on Thursday, New York State Attorney General Letitia James alleged that ether, among other token offerings, is a security. Penn State Dickinson Law Professor Tonya Evans explains how a security is defined under state law, saying, "it very much mimics the Howey Test...but often times at the state level, there's a more expansive view and definition." Plus, she weighs in on the broader implications for the crypto industry.

10 мар. 2023 г.

Risk aversion is in full swing, thanks to a crisis at Silicon Valley Bank (SIVB), a pivotal lender to tech startups. This comes as CNBC reports that SVB Financial, the parent company of Silicon Valley Bank, is in discussions to sell itself. Penn State Dickinson Law Professor Tonya Evans shares her analysis.

10 мар. 2023 г.

Bitcoin (BTC) briefly fell below the $20,000 level on Thursday and returned to levels not since seen this January as crypto-friendly Silvergate Bank's fallout shook investors. This comes as Silicon Valley Bank sold off a $21 billion bond portfolio for a considerable loss to shore up liquidity, sending shockwaves across financial markets. "First Mover" hosts Christine Lee and Lawrence Lewitinn weigh in.

10 мар. 2023 г.

Crypto markets slammed by Fed, Silvergate, lawsuits. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

10 мар. 2023 г.

In a lawsuit filed against KuCoin, New York State Attorney General Letitia James alleged that the Seychelles-based crypto exchange is violating securities laws by offering unregistered securities tokens, including ether. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what could happen if ether is a security.

10 мар. 2023 г.

The collapse of crypto bank Silvergate and the termination of the Silvergate Exchange Network pose a challenge for the crypto industry, according to a new report from JPMorgan. Rosetta Analytics co-founder Angelo Calvello discusses shares his outlook and Silvergate Bank's red flags.

10 мар. 2023 г.

Bitcoin (BTC) is attempting to bounce back from its lowest level since mid-January, as the Bureau of Labor Statistics reported 311,000 jobs added in February. Bitwise Crypto Analyst Ryan Rasmussen discusses his crypto price outlook amid hawkish sentiment from the Federal Reserve. Plus, reactions to the recent news around Silvergate and Silicon Valley Bank that have rocked the crypto market.

10 мар. 2023 г.