Crypto Community Members Discuss Bank Run On Binance After FTX Crash – Here Is Why You Should Go For Metacade (MCADE) | Invezz

Crypto Community Members Discuss Bank Run On Binance After FTX Crash - Here Is Why You Should Go For Metacade (MCADE) | Invezz

How quickly the tables turned. At one stage, it looked like Binance was going to be the hero, the shining white knight arriving to single-handedly save FTX and the crypto market in general. But then things started to turn sour. Within 24 hours, Binance announced it was pulling out of the rescue deal, and the …

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Metropolitan Bank Holding (MCB) exits the crypto market | Invezz

Metropolitan Bank Holding (MCB) exits the crypto market | Invezz

One of the few US banks to serve the crypto industry, the Metropolitan Commercial Bank, has today announced that it is ending crypto-related services. The bank said that the move was because of the recent developments in the crypto industry. The move was announced by the New York bank’s parent company Metropolitan Bank Holding (NYSE: …

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European Central Bank says Bitcoin is dead | Invezz

European Central Bank says Bitcoin is dead | Invezz

The European Central Bank is painting a very pessimistic outlook for Bitcoin (BTC/USD), noting that the flagship cryptocurrency is now at its “last stand” and could be on its way to “irrelevance.” As to the why of this outlook, the ECB points to Bitcoin’s crash from  (highs of $69,000 reached in November 2021, to lows …

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India’s central bank starts digital rupee pilot

India's central bank starts digital rupee pilot | Invezz

The Reserve Bank of India (RBI) will debut a pilot for its central bank digital currency (CBDC) targeting the wholesale segment, the bank announced on Monday. India is one of the countries with the highest number of cryptocurrency users, and while the government’s approach to crypto trading has been more unwelcoming, its been the opposite …

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