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Tag: Bitcoin

  • The price of Bitcoin (BTC) is up 50% this year, outperforming stocks and gold

    Bitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indices and commodities. On January 1, bitcoin started trading at just over $16,500. On Wednesday, it hovered around $25,000, thanks to a rally that started on Sunday. The recent increase came as somewhat of a surprise given the closure […]

  • Signature, SVB, Silvergate Failures: Effects on the Crypto Sector

    Silvergate and Signature were the top two banks for crypto companies, while Silicon Valley Bank had many crypto startups and VCs as clients. The failure of the crypto banking trifecta rippled into the stablecoin market this weekend. By Sunday evening, when the FBI stepped in to stop deposits at Signature and SVB, cryptocurrencies were accumulating […]

  • Government bond yields rose slightly at the start of the week

    U.S. Treasury yields rose slightly on Monday as investors continue to monitor the outlook for inflation and the economy. The yield on the benchmark 10-year Treasury bond rose 1 basis point to 3.959%, ​​and the yield on the 30-year Treasury bond rose less than a basis point to 3.941%. Revenues move inversely to prices. Treasure […]

  • SEC charges Do Kwon with fraud related to Terra collapse

    Do Kwon, co-founder and CEO of Terraform Labs, at the company’s office in Seoul, South Korea, April 14, 2022. Woohae Cho | Bloomberg | Getty Images The Securities and Exchange Commission charged Terraform Labs and its CEO, Do Kwon, with fraud, alleging that they orchestrated a multibillion-dollar crypto asset securities fraud, the SEC said Thursday. […]