Bitcoin rallies to $24,000 even as regulators shut down Signature Bank: CNBC Crypto World

CNBC Television published this video item, entitled “Bitcoin rallies to $24,000 even as regulators shut down Signature Bank: CNBC Crypto World” – below is their description.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, William Quigley, the co-founder of Tether and WAX Blockchain, discusses the fallout in the crypto industry from the closure of Signature Bank and Silicon Valley Bank.

Chapters:

00:00 – CNBC Crypto World, March 13, 2023

0:26 – Crypto prices rally after Fed backstop

0:52 – What happened to crypto banks

2:53 – William Quigley, Tether co-founder

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Bitcoin rallies to $24,000 even as regulators shut down Signature Bank: CNBC Crypto World

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A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.

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