The La Jolla, California-based bank attributed the decision to a risk-based approach to keep its business viable. As a result, it lost several big names in the crypto space as partners, leading to a general crypto market selloff that saw Bitcoin
As Jerome Powell, Chair of the Federal Reserve, prepares to deliver two rounds of testimony before Congress' House Financial Services Committee, the macroeconomic environment continues to heat up as well.
Investors are carefully monitoring his words on future economic policy and interest rates as we await the Fed's decision on a benchmark rate hike in two weeks' time.