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US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
9.4.2023
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla...
Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
8.4.2023
China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet...
European banks launch 'sustainable' blockchain platform for digital bonds
4.4.2023
The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol
Euroclear Finalizing DLT Bond Settlement Platform, Staffer Says
30.3.2023
The move follows interest in securities trading using central bank digital currencies
Robert Kiyosaki Says Fed Rate Hikes Will Crash Stocks, Bonds, Real Estate, and US Dollar
26.3.2023
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued rate hikes will crash stocks, bonds, real estate, as well as the U.S. dollar. He expects the next crash to be the “$1 quadrillion derivatives market.”...
US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor
25.3.2023
A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create...
Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon
25.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds...
Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
22.3.2023
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector...
Blockchain-Based Debt Protocol Obligate Records First Bond Issuance on Polygon Network
22.3.2023
Swiss commodities trading firm Muff Trading AG issued corporate bonds using Obligate’s decentralized finance platform, which is set to open to the public on 27 March
MakerDAO passes proposal for $750M increase in US Treasury investments
16.3.2023
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure
Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’
15.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
10.3.2023
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution...
Naruto Games, Ranked From Worst To Best
28.2.2023
There are so many games (maybe too many?) based on mangaka Masashi Kishimoto’s wildly popular shonen series Naruto. Some date back to the Game Boy Advance and OG PlayStation, while others, such as the *new* game Naruto x Boruto Ultimate Ninja Storm Connections that was revealed during Sony’s...
Billionaire ‘Bond King’ Jeffrey Gundlach Warns of ‘Painful Outcomes’ in Next Recession
27.2.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” has warned of “painful outcomes that are coming in the next recession.” Commenting on the Federal Reserve’s attempt to curb inflation, he cautioned: “The more you try to reduce the severity of problems...
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
19.2.2023
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets...
Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer
16.2.2023
“MetaLawMan” James Murphy says that in 30 years of experience he has “never seen anything this lenient in a situation” where someone has lost millions of dollars of users’ money
Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future
16.2.2023
Sam Bankman-Fried remains out on bail, but the New York judge overseeing his criminal fraud case said that could change if the former FTX CEO continues to defy the bail conditions set by the court
Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond
16.2.2023
According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the two bail bond co-signers that were previously redacted...
Hong Kong issues HK$800m in tokenized green bonds
16.2.2023
The bonds were underwritten by four banks and priced at a yield of 4.05%
FTX Founder Sam Bankman-Fried’s Two Bond Guarantors Have Finally Been Unveiled – Court Documents Revealed Here
16.2.2023
The two mysterious co-signers on FTX founder Sam Bankman-Fried’s bond managed to keep their identities hidden for a long time, but new court documents have finally revealed who they are.
The two previously unidentified individuals are Andreas Paepcke and Larry Kramer. Paepcke is a senior research...