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Friday, February 14, 2025
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    bitcoin
    Bitcoin (BTC) $ 97,122.02
    ethereum
    Ethereum (ETH) $ 2,704.84
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 668.96
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 2.75
    binance-usd
    BUSD (BUSD) $ 0.999275
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    Dogecoin (DOGE) $ 0.271569
    cardano
    Cardano (ADA) $ 0.811091
    solana
    Solana (SOL) $ 201.17
    matic-network
    Polygon (MATIC) $ 0.322301
    polkadot
    Polkadot (DOT) $ 5.25
    tron
    TRON (TRX) $ 0.231727
    HomeFinanceCrypto-friendly banks mismanaged conventional dangers, FDIC chief tells Senate listening to

    Crypto-friendly banks mismanaged conventional dangers, FDIC chief tells Senate listening to

    The US Senate Banking Committee held a listening to on March 28 relating to the regulatory response to the current financial institution failures. Federal Deposit Insurance coverage Company (FDIC), Federal Reserve and Treasury officers testified. FDIC Chairman Martin Gruenberg mentioned the causes of the Silicon Valley Financial institution (SVB) bankruptcies and Signature Financial institution (OTC:), together with the position of digital belongings and company responses to the disaster.

    Excessive ranges of uninsured deposits and fast development had been frequent components within the collapse of banks in March, Gruenberg mentioned. Gruenberg’s account started with the closing of Silvergate Financial institution, centered on digital belongingswhich was introduced on March 8, though this story started with the chapter of FTX.

    Proceed studying on Coin Telegraph

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