They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Court filings from a Freedom of Information Act (FOIA) lawsuit indicate the Federal Deposit Insurance Corporation (FDIC) requested banks to halt activities related to digital assets. These “pause letters,” dated 2022, were disclosed as part of legal proceedings in the U.S. District Court for the District of Columbia. The documents show the FDIC addressed letters…
Confidential letters from the Federal Deposit Insurance Corporation (FDIC) reveal a systematic effort to block crypto businesses from accessing U.S. banking services, according to documents obtained by Coinbase. Coinbase has released heavily redacted FDIC communications showing that the regulator directed banks to pause or avoid cryptocurrency-related activities throughout 2022. The documents, obtained through a legal…
The traditional banking system is facing major challenges, and according to top financial expert Bernstein, Bitcoin (BTC) could be a savior. Bernstein analysts foresee Bitcoin’s long-awaited mainstream adoption could be potentially triggered by the US banking crisis. The analysts suggest that the current state of the banking system will fuel a “new crypto cycle,” driven…
The institutional buy-in through major banks and adjacent firms continues this week. Fidelity Digital is the company’s enterprise-grade solution for digital assets. In a recent story first broken by Bloomberg this week, crypto demand is leading the Fidelity division to expand staffing by roughly 70%. Fidelity Digital: Doubling Down The report cites an interview with…
Goldman Sachs furthering investment into bitcoin, and even crypto more broadly, shouldn’t surprise anyone too much by now. The top-tier global investment and financial services firm has emphasized this quarter as the one to get their crypto services in swing, and this recent partnership announcement falls in line with exactly that. The Partnership Perspective: Galaxy…
With an economic collapse upon us, it has revived discussion around the concepts that prompted the creation of Bitcoin.And although the asset could have its finest hour in the face of the coming hyperinflation, ironically, the first-ever cryptocurrency’s existence currently depends on the banks that it was designed to replace. Will this ever change, or…
People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin. “Cash Bans” Strengthen Bank’s…
Escalating political tensions in Hong Kong and a potential economic and banking crisis in India has highlighted how fragile cash savings can be. Naturally Bitcoin would be the answer if adoption was greater and volatility was lower but the pluses for decentralized money are growing. Hong Kong ATMs Empty As violence continues to grip the…
After Bitcoin’s meteoric rise to its all-time high price of $20,000 back in December 2017, the first ever cryptocurrency has given investors, traders, and mainstream media more than enough reason to criticize the crypto, call it a bubble, and point to severe losses as reason for why the asset would die a slow death. It…