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Confusion from US regulators; Markets hit by ‘vibe-flation’

The FDIC tries to deter banks from doing business with crypto firms. Meanwhile. Genesis CEO steps down amidst reshuffle.

Welcome to The Daily Forkast, August 18, 2022, presented by Joel Flynn.

Coming up on today’s show:

US regulators keeping crypto sector on its toes.

Meanwhile, Bitcoin, Ether decline; memecoins fall back, XRP holds gains.

Genesis reshuffles leadership, cuts jobs.

And finally, Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast August 18.