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Latest from William Foxley
U.S. Government Wants Binance.US' $1B Buy of Voyager Halted; The Debate Over Why Signature Bank Was Seized and More
"The Hash" tackles today's hot topics: Morgan Stanley says bitcoin is trading as a speculative asset, not as a currency. The U.S. government filed a motion to put a hold on Binance.US' $1 billion bid to buy bankrupt crypto lender Voyager. Alameda-linked wallet sent $100 million of stablecoins to crypto trading firms. Plus, did regulators seize Signature Bank because of its link to crypto?
Why Bitcoin is Surging, the End of NFTs on Instagram and More
Bitcoin breaks $26K to a nine-month high after the latest inflation data. The Justice Department and SEC are investigating Silicon Valley Bank's collapse. Plus, why Meta is winding back support for NFTs on Instagram and Facebook.
Bitcoin Surges as Silicon Valley Bank Customers Will Have Access to Their Money
Bitcoin (BTC) is climbing above $24,000 in the last 24 hours, as the Federal Deposit Insurance Corporation said depositors of Silicon Valley Bank would have full access to their money beginning Monday morning, after confirming a successful transfer of deposits to a new bridge bank. This comes as crypto exchange Binance said it would convert $1 billion worth of Binance USD (BUSD) to bitcoin (BTC), ether (ETH), BNB coin (BNB) and other tokens to support the market.
Silicon Valley Bank Shut Down by State Regulators; Meta Reportedly Explores Decentralized App
"The Hash" team discusses the biggest crypto headlines of the day, including Silicon Valley Bank being shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. Plus, Meta Platforms, the parent company of Facebook, is working on a decentralized text-based app, according to a report by TechCrunch.
Crypto Industry's Banking Crisis; 'Vitalik' NFT Collection Takes Top Spot on OpenSea
The digital asset industry is in the middle of a banking crisis with the collapse of crypto-friendly Silvergate Bank, and Crypto.com hasn’t been spared. "The Hash" team discusses the latest developments. Plus, a non-fungible token (NFT) collection is rapidly rising in interest and value based on its association with the co-founder of Ethereum, Vitalik Buterin, although his direct involvement in the NFT drop has yet to be established.