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Why It Could Be Disastrous For Crypto If The Fed Raises Interest Rates By 50 BPS

The crypto and legacy markets could see a spike in volatility in a few hours. Jeremy Siegel, the Wharton School of Business Professor, told CNBC’s ‘Closing Bell: Overtime’ that “it will be a disaster” if the United States Federal Reserve (FED) increases rates by 50 basis points on February 1, 2023. Related Reading: Bitcoin For […] дальше »

2023-2-1 04:00


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Open letter to crypto: What is wrong with this industry? Binance pools customer funds with collateral

Exasperation. Irony. Apathy. This week’s story about Binance and its mismanagement of reserves raises many emotions. If you missed it, Bloomberg reported that Binance “mistakenly” pooled collateral for some of the crypto assets it issues with customer funds, with the report citing an unidentified Binance spokesperson. дальше »

2023-1-27 18:23