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Why Is BTC Pumping? Green Bitcoin Alternative Nears $2 Million In ICO
6.3.2024
Crypto markets are in overdrive as Bitcoin (BTC) hammered a new all-time high yesterday, but with cryptocurrencies skyrocketing across the space, why is Bitcoin pumping ahead of Halving? And could Green Bitcoin offer best late-entrant alternative? The past two years have seen crypto markets weather...
US Treasury Urges Swift Crypto Regulation to Prevent Future Crises
19.1.2024
A high-ranking official at the US Treasury has called upon lawmakers to take immediate action concerning crypto regulation to avert any potential future financial crises preemptively. Graham Steele, the Treasury Assistant Secretary for Financial Institutions, argued that the world of crypto offers...
Digital Euro Can End Bank Crises, Is Better Than Deposits, Ex-Bank of Spain Chief Says
28.11.2023
A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing on a digital euro
SEC Chair Warns AI Poised to Drive Future Financial Crises
9.8.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) technology will be at the center of future financial crises. The securities regulator has put out a specific proposal to address some of the issues that could be embedded in AI models....
SEC's Gensler Says AI Could Play Big Role in Future Financial Crises
17.7.2023
Artificial intelligence “may heighten financial fragility as it could promote herding,” the regulator said in a speech
Putin Believes Decentralization Will Help Global Economy Be More Resilient
26.5.2023
Russian President Vladimir Putin has stated that the decentralization of the finance system might benefit the global economy, allowing it to be more resilient in the long run. At the second Eurasian Economic Forum, Putin explained that building this decentralized system would allow for...
Economist Peter Schiff Says ‘Nobody’s Money Is Safe in Any Bank’ — Warns of Financial Crises, Depressions
11.5.2023
Economist Peter Schiff expects a lot more banks to fail, warning that “nobody’s money is safe in any bank.” He stressed: “When the Fed sets interest rates too low and prints a lot of money … it unleashes massive inflation, creates tremendous economic imbalances that result in financial crises...
US Banking Crisis Looms as ‘Credit Tightening’ Mentions Reach Record Highs on Company Calls
5.5.2023
Recent data reveals that while the banking industry in the U.S. is facing significant challenges, executives are mentioning “credit tightening” more frequently in earnings calls than during the 2008 financial crisis. Additionally, Google Trends data indicates a surge in search queries...
In the Ukraine War, Stellar Aid Assist Is Using Crypto to Give Mass Aid
17.4.2023
The Stellar Development Foundation designed a payment app that leverages stablecoins for fast and cheap transfer and is user-friendly for trauma and disaster victims. That’s why Stellar Aid Assist is one of CoinDesk’s Projects to Watch 2023
C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking
14.4.2023
On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more...
Realized losses from FTX collapse peaked at $9B, far below earlier crises
15.12.2022
Weekly-realized losses peaked at $20.5 billion when Terra Luna (LUNC) imploded and reached $33 billion when 3AC and Celsius collapsed, according to Chainalysis
Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report
7.12.2022
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed...
Market Wrap: Crypto Respond Sideways to FTX and related crises
17.11.2022
The largest cryptocurrency by market capitalization was recently up about 1% and hovering comfortably over its $16,000 support of the past nine days. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Crypto Needs an FDIC-Like Protocol to Prevent Liquidity Crises
15.11.2022
SOL raises interest rates to overcome Solend liquidity crises
10.11.2022
Investors on Solana, a top blockchain platform, are in a state of panic after the apparent fall of the FTX cryptocurrency exchange. The other centralized exchange eventually stopped stablecoin trades through Solana on Tuesday. In the wake of this week’s decline in the value of Solana’s...
Building community resilience to crises through mutual aid and Web3
27.10.2022
Former Fed Chair Ben Bernanke Wins Nobel Prize in Economics ‘for Research on Banks and Financial Crises’
11.10.2022
Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame...
Mario Strikers Fans Love Shy Guy’s New Existential Crises
26.7.2022
Fact: The characters in Mario Strikers: Battle League are enormous babies. Score a goal on Wario and he’ll turn bright red, steam pouring out of his ears. Yoshi will drop to the ground and wail. Don’t even get me started on Peach’s behavior. Honestly, the only roster member with a lick...
The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System
9.4.2022
While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global crises, the possibility of a great monetary shift...
Could the Government Confiscate Gold Again? A Look at Today’s ‘Emergencies’ and Revisiting Executive Order 6102
7.4.2022
This past Tuesday, April 5, was the 89th anniversary of Executive Order 6102 when the U.S. government would strictly “forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” While the global economy seems to be heading toward...