FM Clip

A legal fight is ramping up between the FDIC and the former parent company of Silicon Valley Bank. SVB Financial said the banking regulator took "improper actions" and can't access its money held at its former unit. Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C., discusses the key takeaways from the bankruptcy hearing. Plus, reactions to Bloomberg reporting Silicon Valley Bank loans to insiders tripled to $219 million before being overtaken by regulators. 

Mar 22, 2023

The White House took aim at cryptocurrencies in a new report arguing that many aspects of the digital asset ecosystem are creating issues for consumers, the financial system and the environment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what this could mean for the future of the crypto industry. Plus, the latest on Sushi DAO and its key contributor's SEC subpoena.

Mar 22, 2023

Matrixport head of research and strategy Markus Thielen said in a note to clients that since the dip on March 10, "Americans are buying bitcoins with both hands." Of late, the news flow has been dominated by banking sector issues in the U.S. and the resulting repricing of interest rate expectations lower. That explains bitcoin's positive performance during U.S. trading hours. Thielen also weighs in on crypto sentiment in Europe and the upcoming interest rate decision in the U.S.

Mar 22, 2023

eToro Investment Analyst Callie Cox discusses her outlook for the crypto markets as bitcoin (BTC) hovers around $28,000 in advance of the U.S. Federal Reserve's next interest rate decision on Wednesday. Plus, additional insights into trading volumes and institutional activity on the eToro platform.

Mar 22, 2023

Crypto exchange BitMEX has published a report titled "Crypto Outlook – Fundamentals vs. Sentiment: Three Scenarios to Watch in 2023." Stephan Lutz, BitMEX Acting CEO and Group Chief Financial Officer, discusses the key takeaways.

Mar 21, 2023

"If [bitcoin] achieves the market cap that gold has, that's related to its monetary purpose, it would be somewhere in the $500,000 to a million bucks," CoinRoutes CEO and co-founder Dave Weisberger said. "The likelihood of bitcoin achieving that critical mass has never been higher," Weisberger added.

Mar 21, 2023

Arthur Hayes, co-founder of crypto exchange BitMEX, has proposed a stablecoin backed by bitcoin (BTC) and bitcoin derivatives called the NakaDollar. BitMEX Acting CEO and Group Chief Financial Officer Stephan Lutz reacts to the proposal, saying, "Arthur's idea is a natural one."

Mar 21, 2023

Bitcoin (BTC) is hovering around $28,000 after the largest cryptocurrency by market capitalization has rallied nearly 70% since the start of 2023. Dave Weisberger, CEO and co-founder of algorithmic crypto trading platform CoinRoutes, joins "First Mover" to discuss his crypto market analysis.

Mar 21, 2023

The Wall Street Journal reports that crypto exchange Coinbase told clients it's no longer supporting Signet, the real-time payments network of failed Signature Bank. "First Mover" hosts Christine Lee and Lawrence Lewitinn weigh in as bitcoin (BTC) hovers around $28,000.

Mar 21, 2023

The Filecoin Virtual Machine (FVM) network upgrade went live last week, introducing smart contracts and enabling developers to design dapps on Filecoin, a decentralized file storage network. Molly Mackinlay, Head of Engineering at Protocol Labs, the company behind Filecoin, discusses what FVM brings to the Filecoin community and the broader crypto ecosystem. Plus, insights into Filecoin's space and AI projects. 

Mar 21, 2023