Larry Fink commented that the financial sector is open to a slow-rolling crisis. Fink added that more shutdowns would follow the fall of SVB. The BlackRock CEO stated that the current turmoil is the p...
Tag: Crisis
BlackRock’s Larry Fink warns of ‘slow rolling crisis’ as Fed’s inflation fight drags on for years
BlackRock Inc. co-founder and CEO Larry Fink warned his firm’s investors that the Federal Reserve’s aggressive interest-rate hikes were the “first domino to fall” in what could be a “slow-rolling cris...
Top 5 Cryptocurrencies To Watch Amidst The Ongoing Banking Crisis
The market for cryptocurrencies needed a way to process crypto-to-fiat payments or withdrawals with the same 24/7 stamina as that of the traditional financial system. Silvergate and Signature Bank fil...
Robert Kiyosaki’s Predictions Of The Coming Economic Crisis: Bitcoin Is A Solution
Mar 15, 2023 at 08:17 // News Robert Kiyosaki, a famous American entrepreneur and author of financial textbooks, affirms that global economies are facing hard times and gold, silver and Bitcoin are th...
Elon Musk: Current Bank Crisis Similar to 1929 Stock Market Crash
Elon Musk likens the current bank crisis to the 1929 events that led to the Great Depression. Musk supported Cathie Wood’s opinion that regulators are focused on the wrong targets. According to Wood, ...
Credit Suisse chairman says Silicon Valley Bank crisis looks contained
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Arnd Wlegmann | Reuters The contagion effect from the recent collapse of Silicon Valley Bank i...
Here’s what crypto-firms are up to following the U.S Banking crisis
Companies in search for new banking partners after collapse of three in less then a week Anchorage Digital announces layoffs amid uncertain regulatory environment The recent turmoil in the U.S. bankin...
Treasuries Liquidity Dwindles as SVB Crisis Muddies Fed Outlook
(Bloomberg) — Liquidity in the world’s largest bond market is evaporating as the US banking crisis muddies the outlook for the Federal Reserve’s monetary policy. Most Read from Bloomberg Bid-ask...
Banking Crisis the Best Bitcoin Advertisement for New Traders Flooding Into BTC, According to InvestAnswers
A widely followed crypto strategist says the US banking crisis is one of the best advertisements for traders interested in Bitcoin (BTC). In a new interview on Crypto Banter, the anonymous host of Inv...
Cardano’s Charles Hoskinson Advocates for Ditching Banks Amid Ongoing Crisis
Alex Dovbnya Lead: Cardano’s founder Charles Hoskinson has taken to Twitter to urge the cryptocurrency industry to distance itself from unstable and volatile banks Cardano’s founder Charle...
Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says
“The decisions made over the weekend were not crypto related,” the spokesperson said. “Signature was a traditional commercial bank with a wide range of activities and customers, incl...
‘I’m not seeing true danger here’: Michael Burry says U.S. banking crisis to be resolved ‘very quickly’
Investor Michael Burry said in a tweet late Monday that he expects the crisis surrounding the collapse of California’s Silicon Valley Bank to be resolved “very quickly” one day after comparing SVB’s c...
Here are the biggest losers in the U.S. banking crisis
There was a panic in the financial markets when Silicon Valley Bank collapsed under the pressure of large-scale withdrawals by depositors. The saga spilled over to crypto via Circle’s USDC, which had...
Apocalyptic Headlines About a Looming ‘Retirement Crisis’ Are the Surest Sign That There Isn’t One
Quick question: how many of you readers were “demanding” the internet in 1995? Or a GPS function on your mobile phone in 2005? The speculation here is that in 1995 no one reading this write-up had any...
BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday. Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that ...
Could the Silicon Valley Bank Crisis End Crypto Winter?
Following the collapse of Silicon Valley Bank, markets are predicting the Federal Reserve will take a softer approach to raising interest rates, a potentially hopeful sign for cryptocurrencies that ha...
Gibraltar’s Xapo Bank Enables GBP and USDC Payments Amid U.S. Crypto Banking Crisis
“From today we have also added support for GBP through the Faster Payments network, meaning members will be able to make payments directly to U.K. wallets or banks,” said Seamus Rocca, CEO...
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
“Bank Frick is reviewing every new onboarding case individually. We apply and have always applied the same strict standards in the crypto area as in the classic banking business. If all necessar...
This Week on Crypto Twitter: Crypto Has a Banking Crisis
Illustration by Mitchell Preffer for Decrypt Prices took a dive this week as two banks closely connected to the crypto industry both sank. The first was Silvergate, an actual crypto bank, and the seco...
These banks could be next to go as crisis spreads
After three banking giants, Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank, all collapsed within days of each other, and the Credit Suisse default insurance cost soared, fears are moun...
Inflation Fell To 6% In February—But Some Experts Fear Banking Crisis Could Make Prices Worse
Topline Annual inflation in February fell for an eighth-straight month—temporarily easing concerns about the future of the Federal Reserve’s economic tightening campaign—but some experts are increasin...
Bank Crisis Appears to Have Positive Impact on DEX, CEX Tokens
The fall of the three financial institutions seems to have positively affected the DEX and CEX tokens. The tokens like OKB, GMX, DYDX, and GT have been showing major hikes in their prices. It is estim...
Energy Crisis Raises Doubts About Energy Transition Strategies
That was then. Climate and environmental activists demonstrate in front of the Reichstag in Berlin … [+] in 2020 demanding Germany transition to more renewable energy. (Photo by John MACDOUGALL ...
Stock Futures Plunge as Market Craves Stability amid Banking Crisis
With the collapse of SVB, many commentators have been echoing the phrase that no firm is “too big to fail.” Uncertainty has continued to grip active players in the United States stock market with futu...
Speculation mounts that U.S. banking crisis was a ploy to push CBDCs
Ad Nic Carter voiced his suspicions that the recent U.S. banking crisis was a ruse to accelerate Central Bank Digital Currency (CBDC) adoption. The General Partner at Castle Island Ventures said the w...
East West Bancorp says ‘liquidity is strong,’ but stock suffering biggest selloff since the financial crisis
Shares of East West Bancorp Inc. EWBC plummeted 23.2% in morning trading Monday, toward their second-biggest one-day selloff, in the wake of recent bank failures, prompting the Pasadena, Calif.-based ...
Here’s How Ripple Execs Assess The US Banking System Crisis
Several Ripple executives have spoken out about the banking crisis in the United States. The company itself has been affected by the collapse of Silicon Valley Bank (SVB). As Ripple CEO Brad Garlingho...
Crypto Industry To Face More Enforcement Amid Banks Crisis
Crypto News: U.S. Securities and Exchange Commission (SEC) has been after the digital asset industry alleging a lack of fundamental disclosures. However, it is expected the commission’s scrutiny of th...
Bank Crisis and Collapses Lead to Spikes in DEX & CEX Tokens
Investors are flocking to crypto alternatives following the banking crisis, involving banks such as Silicon Valley Bank, Signature Bank, and Silvergate. The financial turmoil from the closure of sever...
Bitcoin Soars By 8%; Polygon, Polkadot, Solana Leaps Over 3% Amid The U.S. Bank Crisis
Crypto Prices Today: The market is trading in green today as Bitcoin and other Altcoins are still seeing a jump today despite the collapse of three major U.S. banks last week. As of writing, Bitcoin p...
Uniswap Hits ATH of Almost $12B in Trading Volume Amidst USDC Crisis
The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges. Uniswap,...
Elon Musk Backs Cathie Wood’s Bullish Crypto Comment Amid Banks Crisis
Elon Musk News: Cathie Wood, CEO of Ark Invest launched an attack on the US banking system targeting the recent collapse of multiple banks. However, she went on to praise the digital asset networks du...