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S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment
24.8.2023
On Monday, S&P Global Ratings slashed ratings for five U.S. regional banks, pointing to the strenuous operating atmosphere plaguing the sector since the year’s outset. The impacted banks include Associated Banc Corp., Comerica Inc., KeyCorp, UMB Financial Corp., and Valley National...
Bitcoin Price Prediction: Navigating Moody's Rating Cut and Banking Crisis
11.8.2023
The BTC/USD pair is currently experiencing a decline of nearly 0.50%, trading at $29,597 as it braces for the impact of the upcoming US Consumer Price Index (CPI) release.
Amidst this market backdrop, Bitcoin continues to demonstrate its resilience despite challenges such as Moody's rating...
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000, as Moody’s Downgrades 10 US Banks
9.8.2023
Bitcoin moved above $30,000 late on Tuesday, as markets reacted to the news that rating agency Moody’s had downgraded several U.S. banks. The list includes State Street, Northern Trust, and Bank of New York Mellon. Ethereum was marginally higher. Bitcoin Bitcoin (BTC) briefly rose back above...
Could a Bitcoin bull run be triggered by Fitch’s US credit rating downgrade?
3.8.2023
Fitch downgraded the US credit rating due to its government debt and potential challenges in handling its fiscal responsibilities. Will Bitcoin price benefit from this decision?
Stablecoins: A Potential Counter to De-Dollarization
3.8.2023
Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance
Lack of bipartisan support on crypto regulation could make US ‘less attractive’ to firms: Moody’s
20.6.2023
A report from the investors’ service pointed to a political divide in language on bills concerning stablecoins and providing a comprehensive framework for digital assets
Moody's downgrades Coinbase citing 'uncertain magnitude' of SEC charges
9.6.2023
Meanwhile, financial services firm Berenberg Capital told Cointelegraph that it viewed Coinbase shares as "uninvestable" in the near term
China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default
27.5.2023
China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation...
Moody’s on De-Dollarization: Rating Agency Labels US Debt Default a ‘Near-Term Danger to the Dollar’s Position’
27.5.2023
As calls for the creation of a global alternative to the greenback grow, credit rating agency Moody’s said on May 25 that rival currencies such as the euro and the Chinese yuan do not yet threaten the U.S. dollar’s position as the world’s reserve currency. The agency said...
Digitalization won’t displace commercial bank money any time soon: Moody’s
3.5.2023
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency says
Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
3.5.2023
Modern payments tools may eventually compete with banks. But is there a place for tokenized bank deposits and central bank digital currencies in DeFi?
Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade
25.4.2023
After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention...
USDC's Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins
2.4.2023
A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins like tokenized bank deposits and CBDCs may be needed to prevent contagion
Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector
25.3.2023
Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy...
Bank profits at risk from potential CBDC transformation of global economy: Moody’s
23.3.2023
CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
17.3.2023
"Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins' potential volatility,” Moody’s said
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
14.3.2023
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of...
Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks
17.2.2023
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial...
Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
2.2.2023
SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s
Today in Crypto: Moody’s to Develop a Scoring System for Stablecoins, Hive Ransomware Group Dismantled, Animoca Brands Subsidiary Hiring a Head of Degen Relationships
27.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Moody’s to Develop a Scoring System for Stablecoins, Hive Ransomware Group Dismantled, Animoca Brands...