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Cryptocurrencies surged on Monday, even after regulators Sunday announced the closure of Signature Bank, the last major crypto bank in the U.S.
Crypto Fund Outflows Hit Record Weekly Level
The outflows rose for a fifth consecutive week, according to a CoinShares report.
UK Bank NatWest Limits Daily Crypto Payments to $1,200
Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds ($6,090) over a 30-day period.
Crypto rises for a second day after U.S. inflation data comes in as expected, bitcoin tops $26,000
Bitcoin jumped on Tuesday to levels not seen since last summer, extending its Monday rally as investors weighed the latest inflation data.
Biden wants to double capital gains and clamp down on crypto wash sales: Reports
The Biden administration reportedly wants to apply the wash sale rule to crypto, which would end a strategy in which a trader sells and then immediately buys digital assets for tax purposes.
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
The U.S. President is expected to unveil his budget proposal on Thursday.
Crypto Bank Silvergate Capital Says It Will Shut Down; Stock Plummets
Silvergate Capital, one of the crypto market's top banks, is shutting down.
The bank will repay all deposits and “is also considering how best to resolve claims and preserve the residual value of its assets," it said in a news release Wednesday.
US lawmakers argue SEC accounting policy places crypto customers at risk
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.
Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment.
SEC Is Cracking Down on Crypto Staking. Here’s What to Know.
Regulators are going after crypto staking, most recently with a $30 million fine in February against a crypto exchange called Kraken.