The cryptocurrency contagion is spilling over into mortgage lenders
Two banks in the cryptocurrency sector have turned to the federal mortgage system to facilitate customer withdrawals. Silvergate Capital and Signature Bank borrowed billions from...
Crypto.com lays off 20% of staff as FTX contagion deepens
Crypto.com will lay off 20% of its corporate workforce, or nearly 1,000 people, to adjust to current market conditions, CEO Kris Marszalek said in a...
US regulators warn banks of cryptocurrency ‘contagion risk’ after FTX
Federal bank regulators warned banks against investing in cryptocurrencies this week, in what could be a prelude to more aggressive regulations to come. The guidance...
Contagion engulfs Bitcoin miners as bear market continues
Never underestimate how quickly things can deteriorate in a volatile industry like cryptocurrencies, especially in a bear market. Prices can always drop in winter crypto...
Insurers shun FTX-linked crypto firms as the risk of contagion increases
Dec 19 (Reuters) – Insurers are denying or limiting coverage to customers exposed to bankrupt cryptocurrency exchange FTX, leaving digital currency traders and exchanges uninsured...