Discover more from The Thinking Crypto Report
🚨The WAR on Crypto!
Ron Hammond of the Blockchain Association talks the enforcement actions against crypto and banking collapses.
Here is my latest interview with Ron Hammond of the Blockchain Association. In this interview we discuss the latest with Crypto in DC as Silvergate Bank shuts down, Kucoin is sued with Ethereum mentioned as a security, Gary Gensler, Biden Administration bitcoin mining tax, crypto regulations and more.
Latest Crypto News
Silicon Valley Bank shutdown and was taken over by regulators today. The bank was the 18th largest bank in the US by total assets, 'largest bank failure since the Great Recession. Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at Silicon Valley Bank. In addition, BlockFi has $227 million at the Bank. (source)
SEC Commissioners Hester Peirce and Mark Uyeda have just released a dissenting opinion regarding the Commission's latest disapproval of a proposed rule change to list and trade shares of Vaneck Bitcoin Trust. (source)
Cathie Wood’s Ark Invest bought over 350,000 shares in crypto exchange Coinbase on Thursday, worth more than $20.5 million, in its biggest one-day purchase of the year. (source)
US Government files appeal to block Binance US from acquiring bankrupt crypto lender Voyager Digital's assets for $1 billion. (source)
Safely Store Your Crypto With A Ledger Hardware Wallet