Ensemble

Ensemble: The Weekly Crypto & Finance Roundup (March 05, 2023)

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  • The traditional markets saw minor movements this week, whilst the crypto news dominated the markets.
  • Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s regulators had predicted might happen for such institutions.
  • FTX finds only 1 BTC out of 1,591 customer-owned at time of collapse.
  • US Senators have said that Binance could be a “hotbed of illegal financial activity”. Could this be true?
  • A record 36% of U.S. adults now have more credit card debt than savings.

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