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‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
11.3.2023
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture...
Circle's exposure to U.S. banks could top $9B
10.3.2023
Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon
U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight
6.3.2023
As it stands, there’s no way for people to know which crypto firms they can rely on, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), in a speech Monday
Mr․ Satoshi Is The New Premium Bitcoin Apparel Store You Do Not Want to Miss
22.2.2023
A new player has entered the Bitcoin apparel market and is quickly making a name for themselves. Founded by Bailey Jakob, an Australian-born entrepreneur and Bitcoin enthusiast, Mr. Satoshi has quickly become the go-to brand for high quality and professionally designed Bitcoin clothing. Mr. Satoshi...
US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’
22.2.2023
On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the chief U.S. equity strategist at Morgan Stanley said...
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
31.1.2023
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately...
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
16.1.2023
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market...
‘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...
US senator Toomey introduces stablecoin bill as congressional session wraps up
22.12.2022
The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session
Binance Joins Executive Committee of U.S. Blockchain Industry Lobby Group - Here’s Why it Matters
21.12.2022
Binance, the world’s largest crypto exchange by trading volume, has joined the Chamber of Digital Commerce in a move that is expected to boost its lobbying power over new crypto regulations.
Per a blog post published by Binance on Tuesday, the move to join the Chamber is part of an effort to “move...
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid
19.12.2022
According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible.” Binance Reveals U.S. Subsidiary...
Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions
9.12.2022
On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains...
Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’
22.11.2022
During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also...
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid
4.10.2022
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1....
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
21.9.2022
Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of inflation,” Biden stressed during his “60...
Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high
19.9.2022
On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022
US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’
13.9.2022
On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward....
Russian Accused of Laundering Cryptocurrency From Ransomware Attacks Extradited to US
18.8.2022
A Russian national suspected of laundering ransomware payments in cryptocurrency on behalf of cybercriminals targeting hospitals has been extradited to the U.S. by the Netherlands. The man was allegedly involved in the criminal activity for a period of three years before his arrest in Amsterdam...