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Nalezeno "US Banking": 2174

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

15.3.2023
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made...

Bitcoin Slides Below $24.5K as European Banking Woes Spook Investors

15.3.2023
BTC dropped as low as $23,946 Wednesday midday before pulling back above the $24,000 mark. Equity markets also struggled on the Swiss banking giant news

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

15.3.2023
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos...

U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator

15.3.2023
Ideas have been gathered from the Senate and House, and lawmakers are trying to figure out what can get bipartisan support, said Senate Banking Committee member Thom Tillis

Why isn't the Federal Reserve requiring banks to hold depositors' cash?

15.3.2023
The fact that most banks aren’t required to keep your money on hand makes it likely that more bank failures will occur in the months ahead

British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

15.3.2023
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious...

US lawmaker accuses FDIC of using banking instability to attack crypto

15.3.2023
The collapse of Signature Bank, Silicon Valley Bank, and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to "choke off digital assets”?

Silvergate Was Not Cut Off From Loans, FHLB Says

15.3.2023
The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate late last year, did not force Silvergate to repay the advances which have been rumored to be the reason why the crypto-friendly bank had to go into voluntary liquidation, it said

Crypto Companies Shift Funds to Asset Managers Including Fidelity Amidst Banking Turmoil

15.3.2023
Crypto companies are moving their money from banks to asset managers as the turmoil in global banks continue, but industry insiders don’t see the bank failures as the end of banking for the crypto sector. The turmoil in the banking industry has so far led to three major bank failures in the...

‘AI can be defeated with cryptography,’ says Chelsea Manning at SXSW

15.3.2023
Cointelegraph sat down with activist and cybersecurity expert Chelsea Manning to discuss how blockchain technology can combat challenges associated with artificial intelligence

Blockchain is the answer to Russia's settlement issues, banking exec says

15.3.2023
There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network's CEO believes

Mad Money Jim Cramer on BTC Price Surge: ‘I Would Sell My Bitcoin Right Into This Rally’

15.3.2023
The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of major banks and growing public distrust in the banking system and the Federal Reserve. “Bitcoin is a strange animal,” he said, asserting that the price of the cryptocurrency is “being...

US banking system outlook downgraded to 'negative' following recent bank failures

14.3.2023
Recent bank failures have highlighted the need for Blockchain-based cryptocurrency such as Bitcoin

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...

Signature Bank and former executives sued by shareholders for alleged fraud

14.3.2023
Shareholders have accused the bank of falsely claiming to be “financially strong” just three days before it was seized by the state regulator

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

14.3.2023
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally...