Bank of America is sitting on the largest losses among the country’s biggest banks in a key portion of its bond portfolio. Bank of America (ticker: BAC), like other banks, invests in Treasury securiti...
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Deposits held at Signature Bank are secure and available
Crypto mining firm Marathon Digital Holdings has assured investors that the firm’s cash deposits at Signature Bank are secure and available for use as of Mar. 13. In a statement following the cl...
Euler attack causes locked tokens, losses in 11 DeFi protocols, including Balancer
Contagion from the Dec. 12 flash loan attack against Euler has spread far and wide, resulting in frozen or lost funds for 11 different decentralized finance (DeFi) protocols, according to Dec. 13 repo...
Charles Schwab stock falls as it assures company is ‘well-positioned’ amid financial sector turmoil
Charles Schwab’s (SCHW) stock fell 11% to close at $51.91 despite assurances from the financial services company that it has plenty of funds. Shares had been down as much as 23% during Monday...
USDC depegged, but it’s not going to default
Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon ...
Schwab Pares Declines After Brokerage Seeks to Calm Investors
(Bloomberg) — Charles Schwab Corp. rebounded from a record intraday decline after the online brokerage sought to reassure investors that it has sufficient liquidity to handle any volatility foll...
RIVN Stock: Automaker Renegotiates Deal With Amazon Separator Site title Separator Site title
Amazon (AMZN) and Rivian Automotive (RIVN) are in talks to end the exclusivity part of the electric van deal the two companies signed in 2019. RIVN stock fell while Amazon climbed. X Rivian wants to r...
NFT Artist Beeple Opens Digital Art Gallery in Charleston
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Inflation data to arrive at critical moment for Fed policy after bank failures
In the wake of the failure of Silicon Valley Bank (SIVB), investors will be closely monitoring what earlier this month had been seen as the most important data point for the future of Federal Reserve ...
Federal Reserve will re-examine its own oversight of Silicon Valley Bank
Ad The Federal Reserve Board announced that it will lead a review of its own supervision of Silicon Valley Bank (SVB), according to a statement on March 13. Fed will look into its own regulation Vice ...
Justice Department investigating collapse of TerraUSD, WSJ says
The Justice Department is investigating the collapse of the TerraUSD stablecoin, The Wall Street Journal reported, citing sources. Terraform Labs and its CEO Do Hyeong Kwon are already facing ci...
Dogecoin traders rejoice after recent pump- but is it too soon to celebrate
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure remained bearish on a daily. ...
Fed Battle Plan for Inflation Shredded by Financial Turmoil
(Bloomberg) — Federal Reserve Chair Jerome Powell’s strategy to speed up the central bank’s inflation-fighting efforts is unraveling in the wake of Silicon Valley Bank’s collapse. Most Read from...
CFTC Names Executives From Circle, TRM, Fireblocks Among Others to New Tech Advisory Group
“To protect our markets from increasingly-sophisticated cyber attacks, to ensure responsible development of digital assets in a way that protects customers, and to ensure that the implications o...
Everything to Know About Creating NFT on Cardano Blockchain
Smart Contracts hold the identifying data that goes into non-fungible coins. This information sets NFTs apart and renders them incomparable to other tokens. The inability to send or share a piece of y...
US Justice Department is reportedly investigating TerraUSD (UST) collapse
FBI and SDNY are probing the collapse of Terra’s algo-stablecoin – UST The agencies investigation is on similar lines as that of the SEC, which charged Do Kwon for committing securities fraud The Unit...
Investor who called Lehman collapse predicts the next big US bank failure
The Wall Street analyst and investor who called the 2008 Lehman Brothers’ collapse has revealed what bank he thinks will hit insolvency next amid Silicon Valley Bank (SVB) closure shockwaves. “T...
This DeFi Protocol Just Got Hacked. Its Token Is Still Doing Better than a Major US Bank’s
FRC and EUL’s price actions underscores how investors’ perceptions of market events can be more influential than the actual events themselves. First Republic has not defaulted, gone insolvent or...
‘We are now in a different world’
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...
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...