Crypto contagion can significantly impact multiple stakeholders in the crypto market, including investors, businesses and the broader financial system. To protect themselves from the negative effects ...
Tag: Contagion
Credit Suisse becomes toxic wasteland as contagion risks mount
Credit Suisse (SWX: CSGN) came under renewed strains on Wednesday as the company lost confidence of a key investor. In an interview, the head of Saudi National Bank warned that he will not provide mor...
After US banks fail, contagion heads to European banks – smaller banks begin to fold
Quick Take Credit Suisse share price hits a record low — $2.19, a pre-market low of over 12%. The problem for Credit Suisse is that it cannot cover deposit flights and borrow money in the markets. Acc...
Silicon Valley Bank Contagion: Crypto Companies Affected Include BlockFi, Circle, Avalanche, Ripple
As the fallout from the stunning collapse of Silicon Valley Bank (SVB) plays out, numerous crypto companies have signaled their exposure to the bank, which long maintained a reputation as one of the m...
SVB Financial Contagion Fears Go Global
China Last Night KraneShares Key News Asian equities curbed yesterday’s enthusiasm driven by China’s positive policies following the National People’s Congress as SVB’s collapse crushed Asian in...
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...
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...
Credit Suisse default insurance cost hits all-time high as contagion fears spread
After three banking giants, Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank, all crashed within days of each other, the cost of insuring the bonds of Credit Suisse against the lender de...
First Republic stock down 65% amid fears of regional bank contagion
First Republic Bank’s (FRC) shares tanked a record 67% and were halted for volatility, leading regional lenders lower, despite measures by U.S. regulators to shore up confidence in the banking system ...
First Republic Bank stock down 65% amid fears of regional bank contagion
First Republic Bank’s (FRC) shares tanked a record 67% at the market open on Monday and were halted for volatility, despite measures by U.S. regulators to shore up confidence in the banking system fol...
Bitcoin Bull Run Incoming? Regulators Look To Stem SVB Led Contagion
Bitcoin News: The global digital asset market registered a broad recovery on Monday as the United States Financial regulatory agencies came to the rescue Silicon Valley Bank led crisis. The digital as...
Silicon Valley Bank Fails as Bank Run Contagion Spreads
Panic overtook the financial markets as Silicon Valley Bank bank-run contagion got worse. Silicon Valley Bank (SVB), one of the most proud of Silicon Valley, has been literally blown out after failing...
Powell chose financial assets over inflation, now prepare for the second wave of inflation and don’t rule out contagion
Quick Take An update since futures opened last night SVB depositors will have access to all of their money on March 13. The Signature Bank closed — all depositors will be made whole. Fed will make ava...
Bitcoin Bursts to $22,000 As Biden Administration Tries to Stop Contagion in U.S. Financial System
The price of Bitcoin (BTC) is soaring as the Biden Administration races to prevent the collapse of Silicon Valley Bank from triggering a mass exodus at regional banks across the U.S. The U.S. Treasury...
MakerDAO [MKR] reacts to Stablecoin contagion with this proposal
MakerDAO reveals an emergency proposal to reinforce its platform against stablecoin risks. USDC de-pegging inadvertently triggers demand for MKR. MakerDAO is making moves aimed at protecting against e...
‘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. ...
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle’s USDC stablecoin on March 11, according to Cry...
Crypto Funds Confident Of USDC Recovery Amid SVB Contagion
USDC Coin Price News: The cryptocurrency market displayed signs of recovery amid concerns of liquidity issues stemming from the failure of two US banks — Silvergate and Silicon Valley Bank. But the d...
USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Ad What we know so far about the SVB collapse and USDC/DAI depeg (updated): Crypto firm Circle reveals $3.3 billion stuck in SVB DAI/USDC depeg as stablecoin pressure continues after Silicon Valley ba...
SVB Contagion Reaches Clients of Payroll Firm Rippling
In a major indicator of Silicon Valley Bank (SVB) contagion spreading, crypto clients of payroll processor Rippling could not pay their employees on Friday. Rippling — one of the top options for crypt...
Can Bitcoin Escape Bank Run Contagion For Bullish Momentum?
Bitcoin News: As regional banks in the United States face pressure around the Silicon Valley Bank crisis news, the crypto market continues to be affected. In fact, the Bitcoin price is currently at it...
Bilibili Gets Connected As Bank Contagion Goes Global, Week In Review
China Last Night KraneShares Week in Review China’s “Two Sessions” meetings of the 14th National People’s Congress are set to conclude this weekend after an unsurprising week in which a GDP target of ...
US Banking System Can Weather SVB Contagion Risk, El-Erian Says
(Bloomberg) — US banks can contain contagion risk and system stress stemming from the turmoil unleashed by Silicon Valley Bank, Mohamed El-Erian said. Most Read from Bloomberg “Contagion risk an...
Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector
Quick Take Bitcoin lost $21,000 as support and is over 5% down today This comes after news of Silvergate halting operations. Contagion spreading into the banking and financials sector of the economy, ...
Galois Capital Shuts Shop After FTX Contagion
Crypto hedge fund Galois Capital has been forced to shut down after it was revealed that half of its assets were trapped on the FTX crypto exchange. $100M Stuck In FTX The FTX catastrophe has claimed...
Coin Cloud Files For Bankruptcy After Battling FTX Contagion
One of the U.S. and Brazil’s biggest Bitcoin ATM operators, Coin Cloud, filed for Chapter 11 Bankruptcy on Thursday, January 8, after the firm received a severe blow from the crypto winter and the FTX...
ConsenSys Joseph Lubin Talks Contagion and Regulations Following 2022 CeFi Crash
Following the spectacular collapse of numerous CeFi companies last year, all regulatory eyes have been focused on the crypto industry. Joseph Lubin, the CEO of ConsenSys, also weighed in on the matter...
DCG responds to Genesis bankruptcy; Bitcoin jumps 4% as contagion fears lessen
Digital Currency Group, the parent company of both Genesis and Grayscale, released a statement on Jan. 20 commenting on the news that Genesis had filed for Chapter 11 bankruptcy. Following the stateme...
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance – Regulation Bitcoin News
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and tr...
Genesis Files for Bankruptcy in Latest FTX-Fueled Contagion
The collapse of Genesis was major fueled by its deep exposure to two of the most severe bankruptcies in the digital currency ecosystem. After more than a month of exploring its options, Genesis Global...