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Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley
27.3.2023
Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the report said
Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency
27.3.2023
Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price...
Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms
27.3.2023
China’s state-owned banks are offering services to local cryptocurrency companies in Hong Kong as the city embraces a more friendly regulatory stance.
According to a Monday report from Bloomberg, a number of Chinese state-owned banks in Hong Kong have started offering services to crypto...
Will BTC ditch the bear market? 5 things to know in Bitcoin this week
27.3.2023
Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good
First Citizens to Buy Silicon Valley Bank's Deposits, Loans in $55.5B Agreement With FDIC
27.3.2023
Federal Deposit Insurance Corporation says the 17 former branches of Silicon Valley Bank will re-open as First Citizens Bank & Trust Company on Monday, March 27
Hong Kong crypto firms seeing interest from Chinese banks: Report
27.3.2023
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
27.3.2023
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08...
Banking crisis pushed over $286B to money market funds in two weeks: Report
26.3.2023
Many investors have rotated their portfolio investments due to the banking crisis in the past two weeks, injecting billions of dollars on money market funds in the United States
Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
26.3.2023
Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...
US contemplates 'expanding' emergency lending facility for banks: Report
26.3.2023
While the Federal Reserve liquidity offerings must be equally accessible to "all eligible users," unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits
Billionaire Bill Ackman on US Banking Crisis: ‘I Fear We Are Heading for a Train Wreck’
26.3.2023
Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few days,” he said. “Hopefully,...
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
25.3.2023
Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice...
Custodia Bank's membership denied for ties with crypto markets, says US Fed
25.3.2023
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank's application for membership
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...
The UK Has Created Crypto Banking Problems
25.3.2023
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act
Shares of Deutsche Bank, Other Euro Lenders Tumble
24.3.2023
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank...
Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs
24.3.2023
Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend
German dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform
24.3.2023
Securities processor Deutsche WertpapierService Bank (dwpbank) will provide its affiliates seamless integration with their current offerings, with more digital assets to come
Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains
24.3.2023
The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone
European banks head into another weekend of uncertainty as default risks surge
24.3.2023
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system