Silvergate Capital Corporation, the parent company of crypto-focused Silvergate Bank, filed for Chapter 11 bankruptcy on September 18 in the US Bankruptcy Court for the District of Delaware. This action concludes an 18-month period of operational wind-down that began in March 2023. The bankruptcy petition details assets between $100 million …
coinbase
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The stablecoin is collateralized using euro-denominated deposits and integrated with the SEPA framework. Taken together, these fundamentals make it possible to instantly transfer euros between on-chain and custodial bank accounts. Monerium has launched its EURe stablecoin on Cosmos, extending its reach beyond existing networks like Ethereum and Polygon. The company …
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This decision marks the beginning of an easing cycle, with more rate cuts to come in 2024. FOMC Cuts Interest Rates, Bitcoin Jumps Over $60,000 The Federal Reserve has cut interest rates by 50 basis points, the first reduction since early 2020. Financial markets, including crypto investors, had been expecting …
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Zhao’s return could influence the markets due to his major role in the crypto industry. As BeInCrypto reported, Changpeng Zhao is expected to be released on September 29, leaving traders with 12 days to adjust their positions. With crypto markets facing uncertainty, some traders may look for opportunities surrounding the …
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The Federal Reserve implemented a 50 basis point rate cut, with expectations of further reductions to bring the median benchmark rate to 4.4% by year-end. Despite the rate cut, market sentiments are mixed with some skepticism about the sustainability of the crypto market rally. Major cryptocurrencies like Solana’s SOL, BNB, …
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Bitcoin’s price has surged to $61,000 following a significant move by the U.S. Federal Reserve to slash interest rates by 50 basis points. This marks the first interest rate cut in four years, an aggressive start to its first easing campaign. Fed Plans Another Rate Cut by December The U.S. …
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The Securities and Exchange Commission was mostly a punching bag for witnesses in a House Financial Services Committee hearing hosted Wednesday by its crypto subcommittee. Daniel Gallagher, a former SEC commissioner, recounted Robinhood’s difficulty in trying to comply with the agency’s views on crypto and argued the regulator has ignored …
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AirSwap is a non-custodial platform for peer-to-peer over-the-counter (OTC) and request for quote (RFQ) trading of Ethereum ERC-20 tokens and non-fungible tokens (NFTs), which enables individuals and trading firms to swap tokens directly with each other. The platform is decentralized because AirSwap does not control the users’ funds and trading …
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According to the latest Bloomberg report, two former high-level Coinbase Global Inc. employees unveiled a crypto platform called TrueX that will use PayPal Holdings Inc.’s stablecoin as its preferred token for transactions. The exchange aims to provide a secure and stable trading experience by focusing on PYUSD for its transactions. …
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Swiss stock exchange SIX is exploring the launch of a new crypto trading platform in Europe, aiming to challenge dominant players like Binance, Financial Times reported on Sept. 18. Bjørn Sibbern, SIX Group’s global head of exchanges, stated that the firm was assessing a platform to support spot crypto trading …