Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
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US Recession Woes, Fed’s Rate Hike, Bitcoin at $24K, ETH Pushing for $1.8K: This Week’s Crypto Recap
The past seven days saw the total cryptocurrency market add a considerable $40 billion to its total capitalization as the majority of it is painted green. Bitcoin’s dominance is a…
Crypto Markets Rally on President Biden’s Redefined “Non-Recession”
U.S. GDP has contracted for the second consecutive quarter. On July 28, the Commerce Department reported that gross domestic product had fallen by 0.9% between April and June. The United…
World Teeters on Recession: What it Means for Crypto (Opinion)
U.S. Treasury yields edged up Monday as markets focus on inflation woes and recession risk. All eyes are on a two-day Federal Reserve policy meeting that concluded this Wednesday, and…
FTX US Enables Stock Trading Services to American Users
The US subsidiary of crypto exchange FTX expanded its range of services offering its American customers the opportunity to trade stocks and Exchange-Traded Funds (ETFs). FTX US’s President – Brett…
US lawmaker calls for Apple and Google to provide info on fake crypto apps
"Industry shouldn’t be allowed to write the rules that they want to play by,” said Senator Sherrod Brown in calling for U.S. lawmakers and regulators to address crypto scams.
FTC files lawsuit against Meta over attempted monopolization of metaverse
The government watchdog previously filed a lawsuit against the social media giant in 2020 for alleged “anticompetitive conduct” in its acquisitions of WhatsApp and Instagram.
Apple and Amazon Q2 Earning Reports Incoming: Can This Impact Crypto?
Word on the street is big tech earnings by FAANG companies for quarter two might disappoint. The question is if this will have an impact on the broader market and,…
Cathie Wood sells Coinbase shares amid insider trading allegations
Cathie Wood’s investment firm ARK Investment Management is the third-largest shareholder of Coinbase, reportedly holding nearly $9 million as of late June.
CEO of Titanium Blockchain Pleads Guilty to Securities Fraud
In a case stretching back as far as 2018, Michael Alan Stollery – the CEO of Titanium Blockchain Infrastructure Services (TBIS) – was accused of securities fraud by the SEC…
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