Crypto-Friendly Bank Silvergate Goes Into Voluntary Liquidation
Cryptocurrency (virtual asset) friendly bank Silvergate enters voluntary liquidation process. The US financial authorities plan to send a supervisor to Silvergate to direct the liquidation. The California Department of Finance (DFPI) said, “We are monitoring the overall situation, including whether Silvergate is in compliance with financial laws,” and “we are working closely with related federal agencies.”
Gradlwyd “Bitcoin spot ETF will protect investors”
“Bitcoin spot ETFs are one important way to further protect US investors and consumers,” said Craig Salm, chief legal officer of Gradlwyd, the largest cryptocurrency (virtual asset) manager in the US. Salm CLO pointed out, “Isn’t the Securities and Exchange Commission (SEC) discriminating against issuers by violating exchange laws by approving bitcoin futures and banning bitcoin spot?”
[시장분석] Bearish Signs of a Bitcoin Whale Movement
The direction of the movement changes depending on the amount of Bitcoin (BTC) holdings. The size of whales with balances of around 1000BTC has been steadily decreasing since reaching a short-term peak of 2292 in March last year, which is now down 13% to 2003. On the other hand, the number of large whales holding increased more than 10,000 BTC 34% over the same period. The behavior of whales usually gives tangible clues to the direction of the cryptocurrency market.
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