Bitcoin rallies to $24,000 even as regulators shut down Signature Bank: CNBC Crypto World

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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, William Quigley, the co-founder of Tether and WAX Blockchain, discusses the fallout in the crypto industry from the closure of Signature Bank and Silicon Valley Bank.

 

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Well, tomorrow cpi will be as expected. No surprise on bad side.

Fed starts ‘stealth QE’

The CEO of bitcoin was nowhere to be found for comment. Also: You can never shut down bitcoin.

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Regulators Close Crypto-Focused Signature Bank, Citing Systemic RiskBREAKING: U.S. regulators shut down New York-based Signature Bank, a second financial institution they shuttered after Silicon Valley Bank's collapse. Try closing this bank, I’ll wait……. more awful news for NYC real estate...
Source: NBCNewYork - 🏆 270. / 63 Read more »

USDC, crypto rallies on news that SVB, Signature Bank deposits are safeCrypto markets rallied after regulators said both SVB and Signature Bank reserves would be returned, while USDC nearly regained its peg. Feels odd reading that headline if you omit that comma… kinda still true tho—innit LOOOOOOOOOOOOOOOL cz_binance binance elonmusk Crypto own banks, show 100% transparency bank reserves, embarrassing banks holding 5%-10% reserves. Clients will no longer bank with 'old' banking institutions that hide in the shadows with empty bank vaults whilst they gamble away client funds 👍
Source: TheBlock__ - 🏆 464. / 53 Read more »