The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.
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The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.
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In the statement, Lane also took the opportunity to “set the record straight” about its investment relationship with FTX and the firm’s “robust risk management approach.”
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Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi.
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A few weeks ago, Binance CEO declared that exchanges moving large amounts of crypto to prove their wallet address is not good news.
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CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems.
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General consensus seems to be that it’s been all downhill both before and after Bitcoin’s recent 13th birthday.
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The remarks came at a time when the country’s crypto regulatory framework remains underdeveloped.
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Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective.
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Jason Urban, co-head of Galaxy Digital Trading thinks institutional adoption of crypto is in its early days and predicts BTC is set to reach new all-time highs once the FUD dissipates.
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