Crypto News
Proof of Operation Chokepoint 2.0
So, now we know. Operation Chokepoint 2.0 was real.There really was a co-ordinated federal government effort to de-bank crypto following the collapse of three mid-sized crypto-friendly lenders (Signature, Silvergate and Silicon Valley Bank) in March 2023. The crypto industry, led by VC-commentator Nic Carter, has long suspected and railed against de-banking. But, until today, we didn’t have much documentary evidence. Friday morning, internal communications at the Federal Deposit Insurance Corp were released after a research firm (History Associates Inc.) hired by Coinbase sued to get them uncovered. “The heavily-redacted documents emerged on Friday, showing the banking regulator slamming the brakes on lenders offering or considering products and services in the digital assets sector,” CoinDesk’s Jesse Hamilton wrote in his report...
Bitcoin Price Bounces Back Above $100K Following Liquidation Bloodbath
After the historic milestone flipped to a day of pain for traders, Bitcoin rose back above the $100,000 mark on a quieter Friday.Source link
Bitcoin Reclaims the $100K Zone, Ethereum Surpasses $4K
Bitcoin (BTC) achieved a significant milestone on Thursday, reaching an all-time high of $103,647 per coin before retreating below the $100,000 mark later in the day. However, on Friday, bitcoin reclaimed the $100,000 threshold, signaling resilience and renewed investor confidence. Bitcoin and Ether Bounce Back Bitcoin‘s surge underscores a continuing trend of heightened market activitySource link
Do New FDIC Letters Really Prove the Existence of Anti-Crypto Operation Chokepoint 2.0?
Coinbase says that newly revealed documents from the FDIC help prove a U.S. government plot against the crypto industry is real. The letters don't go quite that far.Source link
Did Hawk Tuah Crypto Debacle Eclipse Bitcoin’s $100K Moment?
One bitcoin is worth $100,000 — a milestone that has crypto OGs in a tizzy. Donald Trump is selling DOGE T-shirts. It's a frenetic time for crypto.But what are my non-crypto friends texting me about?"Hawk Tuah" coin. Yep, in a very unscientific sample size of the seven friends who texted me — unsolicited — about crypto this week, six essentially asked: "What's the deal with Hawk Tuah coin?" (The seventh asked about litecoin).That a low-level celebrity's dalliance with memecoins would dominate the groupchat's mindshare at the same time the original cryptocurrency smashed through a historic level points to a chasm between the crypto industry's perception of itself and the general public's — or at least my friends' — perception.When HAWK...