JCT
bastero@nostrplebs.com
npub133ah...t7f4
🌍 / 21M Fan of all things Bitcoin & decentralized networks | Electrical Engineer | Bitcoiner
Bankrupt Mt. Gox’s Largest Creditor Plans to Keep Returned Bitcoin
Bloomberg.com
Bankrupt Mt. Gox’s Largest Creditor Plans to Keep Returned Bitcoin
The largest creditor of the failed Mt. Gox crypto exchange intends to hold rather than sell the Bitcoin that’s due to be disbursed to it this year.
US Regulators shuttered Signature Bank to show 'crypto is toxic'
https://www.theblock.co/post/219391/barney-frank-regulators-shuttered-signature-bank-to-show-crypto-is-toxic
Moody's cuts outlook on U.S. banking system to negative, after 5 U.S. banks collapsed.
A rare opportunity to build generational wealth.
"Any fool can know. The point is to understand" - A. Einstein #Bitcoin
$META fires 10,000 employees...
In any new and developing space, there is bound to be a lot of noise. New solutions both compete for a new market against existing monopolies — who currently own the market, and against other technologies trying to displace them. - #[0]
https://www.jeffbooth.ca/post/finding-signal-in-a-noisy-world
Investors Dumped a Record Amount of Bitcoin Last Week, Only to Miss Out on a Face Ripping Rally
Cryptonews
Investors Dumped a Record Amount of Bitcoin Last Week, Only to Miss Out on a Face Ripping Rally
Investors dumped crypto at a record pace last week, but got caught offside, with prices rallying ferociously this week.
Sen. Cynthia Lummis’s statement on the government response to this weekend's bank failures.
First Republic bank up 50% at market open.
Regional banks bouncing back.
CNBC
First Republic shares rise more than 20% in volatile trading as regional bank stocks try to rebound
Regional bank stocks rebounded on Tuesday as investors digested the fall-out from the collapse of Silicon Valley Bank and stabilization efforts fro...
BTC $26.2k
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European banks heads up…
Credit Suisse CDS up 100 bps in two days.
On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC.
On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC.
CNBC
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
There may not have been a direct run on the US regional banks today, but there was a run on their share price.
This implies a run on those banks tomorrow, as depositors remove their money.
Signature Bank board member and former congressman Barney Frank says “regulators wanted to send a very strong anti-crypto message” in shutting down the bank.
This is not a coincidence..
"Infinite amount of cash in the banking system..." this statement make me cringe. 🤡🌎
When banks are closed the #LightNetwork #Bitcoin continues working.
Over the weekend, Bitcoin settled ~$33 billion, facilitated ~600k transactions, & issued 2,037 new BTC at a steady & predictable ~1.8% inflation rate. ~1 million new addresses were generated & miners earned $43 m producing 326 blocks.
Banks were closed. The Fed was not needed. - @yassineARK