Silicon Valley Bank (SVB), representing the United States information technology hub, Silicon Valley, went bankrupt due to a bank run, massive deposit withdrawals, in under 14 hours. SVB’s bankruptcy...
Tag: Crises
Silvergate suspends Silvergate Exchange Network as company reels from crises
Silvergate suspended its Silvergate Exchange Network on Friday, the result of what it called “a risk-based decision.” The network shutdown comes after Moody’s downgraded Silvergate’...
Crypto Lending Firms Hit Worst As FTX Crises Spreads ⋆ ZyCrypto
Advertisement     The collapse of the FTX exchange may have been the worst sting ever for the crypto industry since it continues to cause more crypto companies to coll...
Realized losses from FTX collapse peaked at $9B, far below earlier crises
Blockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak weekly-realized losses in the wake of the exchange’s collapse compared to previous major c...
Neymar Jr Leads Brazil’s Identity Crises As Drought Hits 24-Years
AL RAYYAN, QATAR – DECEMBER 09: Neymar #10 of Brazil cries after the FIFA World Cup Qatar 2022 … [+] quarter final match between Croatia and Brazil at Education City Stadium on December 09...
E-commerce Bots Boosting Prices, Causing Shortages, And Taking Advantage Of Crises
When TicketMaster melted down in November under the avalanche of Taylor Swift fans trying to get concert tickets, the company blamed bots. The site was supposed to open up only for 1.5 million Swift f...
Economist Roubini Sees ‘Mother of All Stagflationary Debt Crises’
Debt around the world is growing as governments, businesses and individuals have gone on a spending and borrowing spree during the covid pandemic and as it has eased. Nouriel Roubini, chief economist ...
Bitcoin Investors Become Wary Of Crypto Exchanges Following The FTX Crises
The sudden collapse of the FTX exchange has sent shock waves throughout the Bitcoin crypto world. The Bankman-Fried-led crypto empire hailed as an industry leader has filed for bankruptcy, creating wi...
White House Asks Regulators to Enforce Crypto Rules Citing FTX Crises
Regulators all over the world have cowered due to the FTX collapse which has caused a further plunge in the digital asset market. Therefore, there is a call for stricter regulations for cryptocurrenci...
SOL raises interest rates to overcome Solend liquidity crises
Investors on Solana, a top blockchain platform, are in a state of panic after the apparent fall of the FTX cryptocurrency exchange. The other centralized exchange eventually stopped stablecoin trades ...
Cardano founder says FTX meltdown might be one of the last crises in crypto
Cardano (ADA) founder Charles Hoskinson has reacted to the collapse of the FTX cryptocurrency exchange, suggesting that the incident might be among the last crises to hit the digital assets space. Ac...
‘Dr. Doom’ Nouriel Roubini warns the next decade could bring ‘massive insolvencies and cascading financial crises’
Nouriel Roubini has a reputation on Wall Street as a bit of a pessimist. Okay, maybe more than a bit. The 64-year-old NYU economics professor and CEO of Roubini Macro Associates has shared so many ble...
Former Fed Chair Ben Bernanke Wins Nobel Prize in Economics ‘for Research on Banks and Financial Crises’ – Economics Bitcoin News
Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in t...
Former Fed Chief Bernanke Shares Nobel Prize In Economics For Work On Financial Crises
Topline Former chair of the U.S. Federal Reserve Ben Bernanke was among a trio of U.S.-based economists awarded the 2022 Nobel Prize in economic sciences, the Royal Swedish Academy of Sciences announc...
Nobel economics prize awarded to Ben Bernanke and 2 others for work on financial crises
U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig have been awarded the Nobel prize in economic sciences for 2022 for research on banks and financial crises. The winners of the pri...
The Merge Can Aid To Global Crises
The Merge is the upcoming upgrade on the Ethereum blockchain. It will shift the consensus algorithm from PoW to PoS. Proof-of-Work based crypto assets are considered harmful to the environment. The Im...
Europe’s Unfolding Crises Could Impact U.S. Stocks. Here’s How.
U.S. investors are watching the Federal Reserve but the European Central Bank is likely to keep hiking rates to pull down prices, and those moves deserve more attention. Graeme Sloan/Bloomberg Text si...
Hodlnaut Applies for Court Protection amid Liquidity Crises
Hodlnaut, a Singapore-based digital currency lending platform, has joined its counterparts in seeking out the protection of the courts with its recent application for Judicial Management. The crypto ...
Europe Auto Makers Fight Off Crises But Inflation, Recession, Energy Shock Undermine Prospects
Oil barrels on stack of golden coins. Growth rise of oil stock prices. 3d illustration getty The European automotive industry, buffeted by coronavirus lockdowns, worries about peace after Russian inva...
Steve Forbes Warns Of “Several Major Crises”
Rising interest rates are setting the stage for several crises around the world. This segment of What’s Ahead lays out why there’s a really big one brewing with the Japanese yen. For years Japan has b...
Takeda says drugmakers could cut prices in face of global crises
The head of Asia’s largest pharmaceutical company said the risk of a global recession, along with the impact of Covid-19 and the war in Ukraine, could force the industry to cut drug prices. Christophe...
Over $10 Billion Pulled From USDT As Stablecoin Crises Continues
The uncertainty around stablecoins had begun with the UST crash and inevitably spilled unto others such as USDT. This uncertainty has continued to linger weeks after the crash leading to investors mov...
Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises
The LUNA/UST affair has caused discrepancies in the BTC-stablecoin trading pairs on different global cryptocurrency exchanges. Cryptocurrencies are still feeling the effects of the TerraUSD disaster, ...
Robinhood, Brokerage of Gen Z, Millennials, Faces Several Crises
Robinhood (HOOD) – Get Robinhood Markets, Inc. Class A Report has long presented itself as a platform that wants to democratize finance for all. The brokerage saw itself as the new wind that wo...
Sri Lanka’s Leaders Face Mounting Pressure As Economic Crises Grows
The second major protest calling for the resignation of President Gotabaya Rajapaksa was held in … [+] Colombo, Sri Lanka on 18 March 2022. Akila Jayawardana/NurPhoto via Getty Images As the wor...
Crypto future: know-how Russian-Ukraine war crises will affect cryptocurrency
The people of Ukraine and Russia rose to a conflict that neither of them had agreed to. Russia was subjected to immediate international penalties, plunging stock markets, and a collapsing nation...
Between war, crises know what Russians did to save themselves- more crypto legislation to come
According to Reuters, Russians are flocking to crypto platforms in the United Arab Emirates (UAE) in an attempt to rescue their riches, seeking crypto businesses to sell billions of dollars. Some of t...
Russia-Ukraine war crises: A sharp increase in gas fee on Ethereum
RELI3F UKR, a self-described “Web3 project,” has been selling NFTs with the promise that all main sales earnings, as well as some secondary sales proceeds, will go towards relief efforts i...
Ukraine war crises tripled trade volume of Ukrainian cryptocurrency
The trade volume of Ukrainian cryptocurrency exchange Kuna has more than quadrupled since Russia attacked the nation, according to CoinGecko statistics. The market is recovering on Friday following a ...
Opinion: Opinion: High debts and stagflation will bring mother of all financial crises
NEW YORK (Project Syndicate)— The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in ...