Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will […]
Some observers have long argued that the impact of unlocks accentuate the prevailing market trend. “Large unlocks of tokens are a complex event that interface with market psychology. Simply put, large unlocks can be bullish […]
On Wednesday, Bloomberg reported that Genesis, a CoinDesk sister company, was in confidential negotiations with various creditor groups, with Genesis warning it could seek bankruptcy protection if it fails to raise capital. Bitcoin’s price tumbled […]
Bitcoin rose 1% to around $21,000 over the past 24 hours after the Genesis bankruptcy news hit the wires. Ether rose 2% to $1,545, CoinDesk data shows. Traders weren’t surprised by bitcoin’s and ether’s resilience […]
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