‘This is crypto extinction’: Peter Schiff predicted the 2008 financial crash — now he sees the total destruction of digital currencies very soon. Here are 3 assets he likes instead With the massive pu...
Tag: Financial
US Financial Industry Plans To Investigate Crypto Firms’ Communications
Join Our Telegram channel to stay up to date on breaking news coverage To say that the finance market has been put inside the shredder over the past few days would be an understatement. Bitcoin barely...
3 High-Dividend Bank Stocks With Yields Above 4%
Many investors have been caught off-guard in the ongoing bear market and thus wondering how they should position their portfolios. The surge of inflation to a 40-year high exerts great pressure on the...
Former Enron Liquidator Finds ‘Complete Absence of Trustworthy Financial Information’ at FTX
Enron’s liquidator has some choice words for the FTX collapse. John J. Ray III, who was appointed after FTX filed for bankruptcy last week, said he had “never” seen anything like the case in his...
US-China CBDC Race and Its Implications on Financial Freedom
Central bank digital currency (CBDC) research and development has been a high priority in China, and the United States appears to be following suit. The Federal Reserve of New York and a group of priv...
ChargePoint Stock Needs Its Own Boost
EV charging firm ChargePoint Holdings (CHPT) is losing some “amps” on the charts. Let’s check. In this daily bar chart of the Action Alerts PLUS holding below, we can see that C...
FinancialGates.com review – A quick Review – Financial Gates review
Online forex trading brokerages have been working hard to provide Young and experienced traders with a new platform for trading. The trading platforms of today are very user-friendly and have enabled ...
Bitcoin Long-Term Holders Face Major Financial Stress
The Bitcoin and crypto market is still wallowing in turmoil from the collapse of the FTX exchange. Many crypto assets have followed a correlation with the decline of FTX Token, FTT. As a result, the p...
This is the chart that rattled U.S. financial markets on Thursday
One chart is all it took to move financial markets on Thursday. That chart was presented by St. Louis Fed President James Bullard as part of a presentation in Louisville, Ky., and it shows where he se...
New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices – Featured Bitcoin News
The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never in my career have I seen such a complete failure of cor...
U.S. House Financial Services Committee Plans Official Hearing on FTX Collapse: Report
The U.S. House Financial Services Committee is reportedly planning on holding an official hearing regarding the recent collapse of the crypto exchange platform FTX. According to a new report by The Wa...
JPMorgan Forecasts ‘Mild Recession’ In 2023— Here’s What Major Financial Institutions Predicted This Week
Topline JPMorgan became the latest major financial institution to predict a recession in the U.S. in 2023—albeit a “mild” one—joining banking giants like Bank of America making similar projections eve...
Head of Germany’s financial watchdog says crypto firms come with ‘freeloaders and crooks’
Mark Branson, the President of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), has criticized the setup of the crypto space at a period th...
Solana’s close ties to FTX cause financial and structural damage
The fallout from the implosion of FTX is being felt across the crypto industry, with firms supposedly rescued by the exchange now being dragged under along with their erstwhile ‘savior,’ Sam Bankman-F...
Australia Suspends Financial Services License of Local FTX Entity – Coinotizia
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to p...
Federal financial regulators ‘sound like Sam Bankman-Fried’
California Representative Brad Sherman, who repeatedly called for a ban on United State residents buying crypto, accused leaders at several financial agencies of parroting former FTX CEO Sam Bankman-F...
Silo merges with Chainlink & strengthens financial operations
Silo Finance, which happens to be a decentralized and non-custodial lending protocol, has formed an extremely favorable and mutually beneficial merger with Chainlink Price Feeds. However, this has bee...
Shares of Sea Limited Skyrocket Over 40% after Q3 Financial Report
The internet company has faced several challenges this year. One of them was the ban introduced on its prominent Free Fire game in India in early 2022. Shares of Sea Limited (NYSE: SE) skyrocketed des...
Australia Suspends Financial Services License of Local FTX Entity – Exchanges Bitcoin News
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to p...
New York’s financial watchdog calls for better crypto regulation – crypto.news
The head of the New York Department of Financial Services emphasized that federal law should be modeled after the rigorous requirements in her state. In the wake of the FTX collapse, the superintenden...
Mining Firm Core Scientific Faces Lawsuit Over Financial Disclosures
7 hours ago | 2 mins read Bitcoin News Mei Pang, the plaintiff and a shareholder, claims the business intentionally misled investors. Previously, the defunct crypto lender Celsius filed a lawsuit on S...
US financial committee to hold hearing on FTX collapse in December
The United States House Committee on Financial Services plans to hold a hearing into FTX collapse in December. According to the press statement, the committee would “hear from the companies and indivi...
Solana Foundation Details FTX, SBF Financial Ties as SOL Struggles
In brief The Solana Foundation today shared the extent of its financial ties to FTX and Alameda Research. SOL has lost more than half of its value since FTX revealed its liquidity crunch last Tuesday....
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse – Exchanges Bitcoin News
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United ...
Citadel CEO Declares FTX’s Demise “One of the Greatest Tragedies in Financial History”
3 hours ago | 2 mins read Exchange News Ken Griffin, Citadel CEO has termed FTX’s collapse as one of the biggest “travesties.” Griffin argues that the FTX’s demise will cause the trust of a generatio...
CEO Kris Marszalek: CryptoCom is financial Strong Amid FTX crisis
CEO Kris represents the company’s balance sheet to be strong. CryptoCom to disclose audited proof of reserves within upcoming weeks. $10 million funds exposed to FTX, $990 million recovered. No Declin...
Australia suspends FTX’s financial services license
The Australian Securities and Investments Commission has suspended FTX Australia’s financial services license in the country until May 15, 2023. “Until [December 19] 2022, FTX Austra...
Hong Kong Financial Secretary Calls for Stronger Supervision on Crypto
Recent collapse of the Bahamian crypto exchange FTX as it went on to file for bankruptcy has started creating ripple effects. FTX bankruptcy-like instances deepen the skepticism towards the whole cryp...
Senate Banking chair warns crypto could ‘crash our financial system’ following FTX collapse
Senate Banking Committee Chair Sherrod Brown, D-Ohio, is sounding the alarm on crypto following FTX’s collapse. “This year we’ve seen cryptocurrency values collapse by $2 trillion. 2,000 ...
The cryptocurrency market meltdown is akin to the 2008 financial crisis – crypto.news
Almost 15 years have passed since the financial crisis of 2008. The crash affected various sectors of the economy, such as banking and real estate. Cryptocurrency investors are now at risk of experien...