The value of Bitcoin and other crypto assets has surged since,or perhaps because of,the failure of banks with links to the crypto world.
A US regulator has accused Binance of running an “illegal” exchange and a “sham” compliance programme.
Do Kwon,who has been the subject of an Interpol red notice,presided over one of the crypto sector’s most damaging episodes.
The Hollywood actress,rapper Akon and several other stars have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments on social media without disclosing they were being paid to do so.
The chief executive of one of Australia’s largest cryptocurrency exchanges has said the recent banking turmoil has provided an opportunity for digital assets.
Are investors using cryptocurrencies as a safe harbour in the banking storm?
Turmoil in the global banking sector,hotter-than expected inflation data,and renewed hopes for a dovish Federal Reserve has the cryptocurrency reaching levels not seen since June.
If inflation and interest rates begin to fall,it will be a positive for assets such as Bitcoin,say analysts.
Founders and key employees of the collapsed FTX group of crypto firms received nearly $5 billion in payments and loans,according to court filings.
Silicon Valley Bank’s failure triggered a knock-on effect in the crucial market for stablecoins after one of the biggest issuers of the tokens revealed it had $5 billion of reserves with the bank.
Philip Lowe has questioned whether a central bank digital currency (CBDC) will have any substantial impact on the daily lives of regular Australians.