Bank shares were falling on Wednesday after starting to recover on Tuesday from the turmoil surrounding the collapse of Silicon Valley Bank, spurred by issues at Switzerland’s second-largest lender. C...
Tag: Concerns
Credit Suisse Stock Plunges To Record Low As Bank Concerns Grow
Topline Trading in Credit Suisse shares was halted as they fell as much as 21% on Wednesday, compounding nearly a week of consecutive losses and hitting a new all-time low as the Swiss bank struggles ...
US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision – Bitcoin News
The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for a...
Nomura predicts Fed rate cut on financial stability concerns
Sam Stovall, Chief Investment Strategist at CFRA believes that the Federal Reserve will continue to hike rates by 25 bps through the second quarter of the year, before pausing to maintain the prescrib...
Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins
On March 13, CZ tweeted that due to the changes in stablecoins and banks, Binance will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto. The native cry...
Coinbase suspends BUSD trading amid regulatory concerns
Coinbase has announced to suspend trade for Binance USD (BUSD) due to concerns raised by regulators about Binance’s operations. Coinbase, the leading U.S. cryptocurrency exchange, has announced to sus...
USDC Holders Panic Sell Amid Solvency Concerns
USD Coin (USDC), a popular stablecoin pegged to the U.S. dollar, has been facing solvency concerns since March 10, leading several holders to panic sell their holdings and switch to other stablecoins....
As Silicon Valley Bank concerns grow, Yellen says she has been ‘working all weekend with our banking regulators to design appropriate policies’ to address depositors
“‘I’ve been working all weekend with our banking regulators to design appropriate policies to address the situation.’” — Treasury Secretary Janet Yellen That is Treasury Secretary Janet Yellen, speaki...
BlockFi’s Uninsured $227 Million In Silicon Valley Bank Raises Concerns, Filing Shows
Reports have shown that BlockFi also has $227 million in the troubled Silicon Valley Bank, which wasn’t insured. Notably, SVB is not managing the fund directly. As the saga of the Silicon Valley Bank...
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion – Bitcoin News
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. ...
Erik Ten Hag Admits Concerns With David De Gea’s Kicking
MANCHESTER, ENGLAND – MARCH 09: Manager Erik ten Hag and David de Gea of Manchester United walks off … [+] after the UEFA Europa League round of 16 leg one match between Manchester United ...
Judge Expresses Concerns Over Proposed Bail Conditions for Former FTX Founder
Sam Bankman-Fried is a well-known figure in the cryptocurrency industry, having founded FTX in 2019. However, he found himself in legal trouble in 2022, when he was arrested and charged with market ma...
Circle’s USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability
Circle is one of the leading issuers of USDC, and the company has been on a mission to make it the preferred stablecoin in the cryptocurrency space. However, recent developments have raised concerns o...
US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins
The US Federal Reserve is taking steps to address the fast-evolving cryptocurrency industry. The central bank has announced that it is creating a specialized team of experts to monitor developments in...
U.S. Fed to create new crypto team amid Stablecoins’ concerns
The U.S. Federal Reserve is planning to form a specialized team of experts to keep up with developments in the cryptocurrency industry. Barr stated that regulation must be a deliberative process in or...
U.S. Congressman cautions about privacy concerns regarding CBDCs
U.S. Congressman Tom Emmer believes that the introduction of CBDCs will jeopardize the financial privacy of American citizens. Emmer introduced the CBDC Anti-Surveillance Act last month. United States...
US Fed to create new crypto team amid concerns about unregulated stablecoins
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official, amid concerns from the Fed...
Bitcoin price hammered, cryptocurrencies fall with tech liquidity concerns
Cryptocurrency prices are falling and there may be problems with market liquidity, especially for tech companies, and risk assets. Bitcoin and the crypto marker is under heavy selling pressure as the ...
Bitcoin BTC Price Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns
“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes, I think it’s interesting to note t...
Rivian to raise $1.3 billion amid EV demand concerns
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Rivian Automotive plans to raise $1.3 billion in cash via a sale of conve...
Coinbase declines to issue reimbursement to a hacking victim amid Base AML/KYC concerns – Cryptopolitan
According to a March 7 Bloomberg article, Coinbase declined to take responsibility for a hacking victim or issue a reimbursement. The firm gave its response in a court filing on March 6 in response to...
Silvergate Insolvency Concerns Raise Hopium for Stablecoins
Stablecoin volume is rising as the latest crypto bank fallout – Silvergate – continues to worsen. Silvergate, the crypto-friendly bank, is facing a customer exodus and a steep decline in share price a...
AI Crypto Ignores Cardano: Charles Hoskinson Shares his Concerns
Charles Hoskinson tweeted that the CryptoTwitter and the AI crypto media haven’t reported on Cardano Twitter. Hoskinson added that it seems like the incentive is to promote division, controversy, and ...
$17M Digital Asset Outflow Recorded Amid US Regulatory Concerns: CoinShares
The negative sentiment in digital asset investment products reached the fourth week recording an outflow of $17 million. Confirming the same, the latest edition of the CoinShares report stated, “The p...
Investor concerns persist as crypto investment products see 4th week of outflows
On Mar. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that Investors have continued to display negative sentiment toward crypto ...
Silvergate faces bankruptcy concerns amid capital flight
Crypto bank Silvergate may halt operations after it issued a warning last week stating it could be short of capital. Silvergate deposits drop by 42% Silvergate Capital Corp on Jan. 17 announced a stee...
Unsure of where to trade your crypto funds? Quantum Pro 360 is here to put a stop to your concerns
Even with all of its well-known price fluctuations, digital currency is on a hot trend, and several investors are attempting to capitalise on its surge in popularity. Cryptocurrencies such as Bitcoin ...
Silvergate concerns, Binance pursues growth amid FUD, Ethereum Shanghai update delayed
Over the past week, the crypto scene was proliferated with apprehensions as investors raised concerns regarding Silvergate’s financial stability amid signs of impending collapse. Similarly, Binance sa...
Binance’s Stablecoin BUSD Takes a Hit As Investors Liquidated $6 Billion Due to Rising Regulatory Concerns
Binance, the world’s largest cryptocurrency exchange, is facing increased regulatory trouble from the U.S. Securities and Exchange Commission (SEC). The SEC has reportedly been investigating Binance’s...
Concerns Over Chinese ‘Price War’ Sees Alibaba Stock Plunges Despite Major Earnings Beat
Alibaba, founded by Jack Ma, is the biggest e-business company in China. Getty Key Takeaways Alibaba has announced a major earnings beat, with net income rising 69% compared to the same time last year...