crisis

BitMex founder gives Fed advice on defeating bank crisis

0xMain
March 20, 2023

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In a series of tweets, Arthur Hayes, one of the co-founders of the BitMex exchange, discussed using swap lines’ as a possible solution for the Fed to provide liquidity to financial institutions without provoking s political controversy. Hayes claimed that it is politically...

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Bitcoin rallies above $27,000 amid US banking crisis, Silicon Valley Bank drama unfolds

0xMain
March 19, 2023

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This week, Bitcoin’s (BTC) upward surge was the most significant event. The coin rose above $27,000 amid a banking crisis in the United States. The situation reiterated the need for users to hedge against economic instabilities using digital assets. In the mid of...

Crypto projects raised over $4m despite US banking crisis

0xMain
March 19, 2023

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Despite growing concerns in the United States banking industry, the crypto industry stands firm, raising over $4m through token sales last week. On Mar. 19, CryptoRank data revealed that despite a contraction, the amount raised had increased significantly; showcasing the resilience and adaptability...

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Cathie Wood says regulators responsible for banking crisis, not crypto

0xMain
March 16, 2023

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Ark Invest’s Cathie Wood says U.S. financial regulators are using crypto as a scapegoat for their own mistakes in oversight of the country’s banking system. Wood says the regulators’ attack on crypto could have dire consequences for the nation. Wood: crypto not responsible...