Wendy O
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First Republic Bank's Stock Sinks Even After Big Bank Bailout, Salesforce Partners With Polygon on Web3 Projects
"The Hash" tackles today's hot topics: 11 major banks take action to rescue First Republic Bank. So why is First Republic's stock still selling off? Time Magazine reports that leaders of the Effective Altruism movement were repeatedly warned about Sam Bankman-Fried's character years before FTX collapsed. Plus, Salesforce is teaming up with Polygon for NFT-based loyalty programs.
Date Set for Staked ETH Withdrawals, FDIC Reportedly Demands Buyers of Signature Bank to Give Up Crypto
"The Hash" tackles today's hot topics: Will any potential buyer of Signature Bank be mandated to give up the bank's crypto business? Ethereum's long-awaited Shanghai upgrade now has an official target date. The Federal Reserve sets a launch date for instant payments. Plus, a U.S. bankruptcy judge rejects the government's request to halt Binance.US' buy of Voyager Digital's assets.
U.S. Government Wants Binance.US' $1B Buy of Voyager Halted; The Debate Over Why Signature Bank Was Seized and More
"The Hash" tackles today's hot topics: Morgan Stanley says bitcoin is trading as a speculative asset, not as a currency. The U.S. government filed a motion to put a hold on Binance.US' $1 billion bid to buy bankrupt crypto lender Voyager. Alameda-linked wallet sent $100 million of stablecoins to crypto trading firms. Plus, did regulators seize Signature Bank because of its link to crypto?
Why Bitcoin is Surging, the End of NFTs on Instagram and More
Bitcoin breaks $26K to a nine-month high after the latest inflation data. The Justice Department and SEC are investigating Silicon Valley Bank's collapse. Plus, why Meta is winding back support for NFTs on Instagram and Facebook.
Bitcoin Surges as Silicon Valley Bank Customers Will Have Access to Their Money
Bitcoin (BTC) is climbing above $24,000 in the last 24 hours, as the Federal Deposit Insurance Corporation said depositors of Silicon Valley Bank would have full access to their money beginning Monday morning, after confirming a successful transfer of deposits to a new bridge bank. This comes as crypto exchange Binance said it would convert $1 billion worth of Binance USD (BUSD) to bitcoin (BTC), ether (ETH), BNB coin (BNB) and other tokens to support the market.
