Crypto Crisis: Bitcoin Falls Amid Silvergate Bank Troubles

Bitcoin Falls for Fourth Straight Day Amid Silvergate Bank Troubles The world’s largest cryptocurrency, Bitcoin, has hit a two-month low as a selloff in the digital asset market intensifies following the collapse of another industry leader. The cryptocurrency fell for the fourth consecutive day, dropping 5.7% on Thursday to trade around $20,800. Meanwhile, tokens like…

silvergate banks, crypto, crypto news, bitcoin

The Future of Stablecoins? Arthur Hayes Proposes Bitcoin-Backed NakaDollar

The Future of Stablecoins? Arthur Hayes Proposes Bitcoin-Backed NakaDollar Are you ready for the future of stablecoins? Arthur Hayes proposes the Bitcoin-backed NakaDollar, relying on exchanges to maintain the dollar peg. Arthur Hayes, the co-founder and former CEO of BitMEX, recently proposed a new stablecoin called NakaDollar that Bitcoin would back. The idea behind this…

stablecoins, arthur hayes, nakadollars, cryptonews