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Bluelight – economic strategy1

11 May 23

Digital asset exposure cited in GAO investigation of Signature Bank implosion

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing “large deposits from the digital asset space” to determine if cryptocurrency played a role in Signature Bank’s collapse. The review underscores the increasing concerns of regulators over the potential […]

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11 Apr 23

MicroStrategy BTC exposure grows in uncertain market

Several entities took a bet on bitcoin amid its dip, a bet which is now seemingly paying off as the number one crypto earlier on set a new ATH for 2023, breaking above the $30,000 mark for the first time in 2023. In its April 5 statement with the SEC, MicroStrategy reported that between March […]

cryptonews wallet frozen

29 Mar 23

Canadian pension funds to reveal crypto exposure

In a bid to protect citizens’ retirements, the Canadian government will direct regulated pension funds to show their exposure to cryptocurrency. Part of Canada’s 2023 budget plan mentioned the need to protect investors from cryptocurrency risks, adding that “there is a clear need for different orders of government to take an active role in addressing […]

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03 Mar 23

MicroStrategy unveils minimal Silvergate exposure

Business intelligence outfit MicroStrategy has confirmed a loan from Silvergate but says the tenure is still a few years away. The company added that it is not worried about Silvergate’s current financial status and will not be looking to accelerate the loan. MicroStrategy secured a $205 million loan from Silvergate via the former’s MicroStrategy subsidiary. […]

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