Silicon Valley Bank’s crisis and subsequent closure has rocked financial markets since late last week. In a bid to protect depositors and investors, federal regulators announced Sunday that they would...
News
Elizabeth Warren knows exactly why Silicon Valley Bank failed—and who should pay
The waters are still far from calm after federal regulators seized over $300 billion in deposits and assets from Silicon Valley Bank, the tech and VC sectors’ lender of choice, in the second-biggest b...
Binance payments partner Paysafe says UK regulatory environment is ‘too challenging’
Paysafe decided to stop offering Binance customers its embedded wallet solution in the UK in a move it blamed on complex regulation. As a result, Binance will suspend GBP deposits and withdrawals for ...
Bitcoin Price EXPLODES as US Banks risks liquidity crunch…BTC 30K?
The Bitcoin price has risen above the $24,000 mark again. After the heavy losses and the drop below $20,000, the cryptocurrency recovered in record time from the bank shock of the past few days. Since...
What Happens to Borrowers if The Supreme Court Quashes Biden’s Student Loan Forgiveness?
On Tuesday, the Supreme Court heard challenges to President Joe Biden’s student debt relief plan. The proposal, which would cancel between $10,000 and $20,000 in current debt for most borrowers,...
Wall Street analysts make big calls on bank stocks in wake of SVB failure
Wall Street analysts are wasting no time trying to make some big calls on stocks that have been swept up into the discussion of the Silicon Valley Bank and Signature Bank meltdowns, even if it means f...
Regional banks are seeing flight of deposits to too-big-to-fail megabanks
The unexpected demise of Signature Bank over the weekend, on the heels of the failure of Silicon Valley Bank, ignited a shoot-first-and-ask-questions-later reaction among regional-bank investors as cu...
ZIM Integrated Shipping Shares Soar After Q4 Results Top Estimates
ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a fourth-quarter FY22 sales decline of 37% year-on-year to $2.19 billion, beating the consensus of $2.11 billion. The company attributed the r...
Recent contagion was ‘TradFi to crypto’ and not vice versa — Circle policy director
Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks tied to crypto on traditional financia...
Signature Bank Shareholders Lose Everything As Regulator Shuts It Down — Just Days After Silicon Valley Bank Collapse
A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators … [+] announced that the New York-based bank had failed and was being seized. At more than $110 b...
IRA Required Minimum Distribution (RMD) Table for 2023
SmartAsset: IRA Required Minimum Distribution (RMD) Table for 2022 An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a ...
First Republic stock falls 62% amid fears of regional bank contagion
First Republic Bank (FRC) shares fell a record 62% on Monday to close at $31.21 each, despite measures by U.S. regulators to shore up confidence in the banking system following the collapse of Silicon...
The Big Scandal Behind Pro-Crypto Signature Bank Shutdown
Signature Bank, another major crypto-friendly institution, was shut down by regulators on Sunday. The New York financial institution, with a large lending business in the crypto industry, was caught i...
Temple Fires Aaron McKie After 4 Seasons
CINCINNATI, OHIO – FEBRUARY 20: Head coach Aaron McKie of the Temple Owls looks on in the first half … [+] against the Cincinnati Bearcats at Fifth Third Arena on February 20, 2022 in Cinc...
Coinbase CEO discusses new staking service and reactions to regulatory hurdles
Ad Brian Armstrong, the CEO of Coinbase, told a recent episode of the Bankless podcast that cryptocurrency is the key to updating the current financial system. Armstrong said in the podcast that tradi...
Manhattan Bike Path Killer Sentenced To Life In Prison After Jury Split On Death Penalty
Topline A man convicted of murdering eight people on a Manhattan bike path in 2017 was sentenced Monday to life in prison on first-degree murder charges, after a New York City jury returned a split de...
When USDC broke Ethereum co-founder Vitalik Buterin bought
Blockchain data shows that Ethereum blockchain co-founder Vitalik Buterin acquired more USD Coin (USDC) at the maximum height of the panic surrounding the backing of the stablecoin. On March 11 — the ...
Violette Reminds Us Concacaf’s Real Bias Isn’t Against MLS Or USA
Haiti national team midfielder Steeven Saba is part of the Violette AC squad that upset Austin FC … [+] last week in the Concacaf Champions League. But it’s unclear how many Violette playe...
Circle Reassures Customers Riding on Promises from Federal Regulators
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills. Crypto startup Circle, the issuer of the USD Coin (USDC) stablecoin has announced that the USDC ...
House GOP Calls Off Trump Financial Probe That Revealed Foreign Spending At His Hotel
Topline The Republican-controlled House is ending a yearslong probe into former President Donald Trump’s finances and whether his businesses benefited while he was president, The New York Times report...
Bank Bailouts—What They Are And Why Some Experts Say Signature Bank And SVB Didn’t Get One
Topline Silicon Valley Bank and Signature Bank collapsed over the weekend in an uncanny echo of the 2008 financial crisis, and though many experts note the Treasury Department’s plan to save dep...
Bitcoin Whales Move $865,000,000 in BTC As Markets Fly – Here’s Where the Crypto Is Now
Some of the biggest Bitcoin whales in existence are moving around hundreds of millions of dollars worth of BTC as crypto markets rally to start the week. Spotted by blockchain tracking service Whale A...
Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen
Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar. USDC, a stablecoin d...
DAI was flawed from the beginning says DeFi founder
Andrey Shevchenko — the founder of decentralized finance (DeFi) protocol Zircon Finance — shared his view that MakerDAO’s (MKR) so-called “decentralized stablecoin” DAI’s (DAI) introduction of USD Coi...
Stocks moving big after hours: GTLB, UAL, FRC
GitLab Sopa Images | Lightrocket | Getty Images Check out the companies making headlines after hours. Gitlab — Shares tumbled 36% after Gitlab issued a softer-than-expected outlook. It posted fiscal-y...
BNB gets Binance’s nod for safety amid ‘unstablecoins’ frenzy- Here’s how
Binance altered storing the industry recovery fund as stablecoins and moved it to BNB, ETH, and BTC. The crypto community believes that the decision could set off buying pressure. Binance CEO Changpen...
BNB blasts higher by more than 13% as cryptos rally
The value of Binance Coin (BNB) has experienced a notable surge, as it is currently trading at $309.83, with a 24-hour trading volume of $1,448,739,161. This represents an impressive increase of 13.00...
Gearbox Is Releasing Its V3 — Here’s What’s New
Gearbox, a composable leverage protocol, has released a V3 upgrade that aims to redefine leverage and lending. This latest upgrade will build on top of Gearbox’s V2 capabilities by bringing on new liq...