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Crypto Companies

All articles tagged with #crypto companies

cryptocurrency2 years ago

Bitcoin's Rollercoaster Ride: Fed Nightmare, Post-Fed Losses, Surprising Winners, Alameda Claims, and Squeeze Incoming

Bitcoin and crypto companies are facing a "nightmare" scenario as the Federal Reserve signals that interest rates will remain higher for longer. The Fed's decision to hold interest rates at their highest in over 20 years has raised concerns about elevated borrowing costs and refinancing difficulties for crypto firms. The looming historical halving event for Bitcoin, combined with the possibility of a U.S. government shutdown, could further contribute to market volatility. Analysts warn that without Fed easing, both equities and Bitcoin prices may be negatively impacted.

cryptocurrency-regulation2 years ago

US lawmakers push for clearer regulations on digital assets and crypto compliance.

Leading Democrats in the House of Representatives have expressed support for Gary Gensler's crackdown on the cryptocurrency industry and urged crypto companies to comply with existing laws. While some Democrats remain friendly to the industry, others have criticized Republican and crypto-industry efforts to create a bespoke regulatory framework for digital assets, arguing that the existing framework is sufficient. Despite this, there is still hope for bipartisan legislation.

finance2 years ago

UK Banks Hinder Government's Crypto Plans

Crypto companies are facing difficulties accessing banking services in the United Kingdom, with many banks rejecting applications, freezing accounts, and requesting more documentation. This goes against Prime Minister Rishi Sunak's plans to make the UK a global crypto hub. The situation is worse in the UK than in the EU, where efforts to establish a framework for digital assets are making banks more receptive to crypto firms. Venture capital investment in digital asset companies in the UK has reportedly dropped 94% to $55 million in 2023. Crypto companies are turning to payment service providers to maintain business operations in the UK.