The consequences could be “vast and profound” if Silicon Valley Bank is not bailed out, according to billionaire investor Bill Ackman. Ackman warned of an “irreversible mistake” if a...
Tag: Intervenes
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that ...
BOJ intervenes in the FX market again to support the yen – will it succeed?
The FX market‘s volatility has reached extreme levels in the last couple of trading days. On Friday, just a few hours before the market closed for the weekend, the Bank of Japan (BOJ) intervened again...
Credit union reimburses widow for crypto fraud after newspaper intervenes
After grieving the loss of her husband and brother to brain cancer, a widow was seduced online and scammed out of £53,000 ($60,400) through false crypto investments. Her building society (similar to a...
Bank of England Intervenes to Stabilize Market and Control Falling Pound
To stabilize the falling pound, the Bank of England swung into action on Wednesday announcing the purchase of its long-dated government bonds. On Wednesday, September 28, the British central bank took...
Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low – Economics Bitcoin News
While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank...
Yen rallies after Japan unilaterally intervenes for first time in 24 years
The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other central banks by not hi...
Japan Intervenes to Support Yen for the First Time Since 1998
(Bloomberg) — Japan intervened to support the yen for the first time since 1998, seeking to stem a 20% decline against the dollar this year amid a widening policy divergence with the US. Most Re...