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Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...
Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?
18.1.2023
Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system...
Crypto Lending Crisis - Gemini and Genesis Charged by US SEC With Selling Unregistered Securities
13.1.2023
The US Securities and Exchange Commission (SEC) brought charges against major crypto exchange Gemini and the troubled crypto lending and trading firm Genesis.
Per the press release issued by the regulator on January 12,
"The [SEC] today charged Genesis Global Capital, LLC and Gemini Trust...
How to innovate in a crisis — and thrive
12.1.2023
Innovation can’t just be a catchphrase within your organization
World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’
11.1.2023
On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7%...
It'll be OK: DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
11.1.2023
Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, said Novogratz
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
9.1.2023
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate...
Hong Kong wants to become crypto hub despite industry crisis
9.1.2023
Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
6.1.2023
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level...
14th Anniversary of Bitcoin’s Genesis Block: A Look Back at the Birth of Cryptocurrency
3.1.2023
14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial...
Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis
3.1.2023
Industry players accumulated over $4 billion of debt in the last crypto run-up
‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’
3.1.2023
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.” Michael Burry’s 2023 Economic Predictions...
RECENZE: Ani skvělý remaster nezamaskuje, že Crisis Core nezestárl dobře
3.1.2023
Po famózním remaku kultovního japonského RPG Final Fantasy VII oživilo vydavatelství Square Enix i jeho mnohem akčnější prequel Crysis Core. Grafický posun je sice působivý, jinak však nemá dnešním hráčům nezatíženým nostalgií co říct. Disponuje patrně nejhorším soubojovým systémem, co byl...
Canaan expects minor revenue drop in 2022 despite crypto mining crisis
28.12.2022
Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% in 2022
Canaan expects minor revenue drop in 2022 despite crypto mining crisis
28.12.2022
Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% this year
India’s Central Bank Chief: Cryptocurrencies Will Cause Next Financial Crisis if They’re Not Banned
23.12.2022
The governor of India’s central bank, the Reserve Bank of India (RBI), has warned that the next financial crisis will come from cryptocurrencies, like bitcoin and ether. The central bank chief added that cryptocurrencies pose “huge inherent risks” to India’s macroeconomic...
'Don't Regulate - Ban Crypto Before It Triggers Financial Crisis', Indian Central Bank Head Says
22.12.2022
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, suggested that cryptocurrencies should not be regulated - they should be banned altogether, lest they lead to the next financial crisis.
Speaking at the Business Standard BFSI Insight Summit on Wednesday, and asked about the war...
Crypto could spark the next financial crisis, says India’s RBI head
22.12.2022
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown
Next Financial Crisis Will Be From Crypto if It's Not Banned: Indian Central Bank Governor
21.12.2022
India's central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from private cryptocurrencies if these are regulated and not banned outright
Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis
17.12.2022
The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds