The Latest Breaking News from Crypto

The crisis at two California banks sparked a CNBC discussion on cryptocurrency and technology in banking trends.

Silvergate served the cryptocurrency industry, while SVB was the bank for Silicon Valley tech startups.

SVB is 20 times bigger than Silvergate. Its collapse points to a much bigger problem than crypto.

NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.

LOS ANGELES — After going through a full practice Thursday, D'Angelo Russell will be available to play for the Lakers on Friday against the Toronto Raptors at Crypto.com Arena after missing the last six games with a sprained right ankle.

With the ongoing crypto winter and the threat of regulation claiming new victims in the ecosystem while driving most to the edge of an abyss, it may be wise to give Block (SQ), Coinbase (COIN), Riot (RIOT), and Marathon (MARA) a wide berth until the existential issues get resolved. Continue…

The letter comes ahead of a pivotal congressional hearing on Thursday.

Michael Barr called for crypto guardrails in a speech at the Peterson Institute for International Economics.

Several Twitter users pointed out that Armstrong’s tone-deafness is emblematic of the broader crypto ecosystem.

Using the example of Bitcoin, he told audiences digital currency meets all of his benchmarks.

Wind-down and liquidation plan follows mass withdrawal of deposits after collapse of FTX exchange