Bitcoin moved back above $22,000, as the U.S. Treasury moved to avert a regional banking crisis, following the collapse of Silicon Valley Bank. The government confirmed that it will backstop depositor...
Tag: Rescued
Is SVB to big to fail? Will it get rescued? Bill Ackman already calling for bail-outs
Quick Take A short timeline on what has happened to Silicon Valley Bank (SVB) and whether there is more contagion coming: SVB saw its deposits explode during the bubble of 2020, from $62 bn at the end...
ReclaimYourCrypto Rescued Lost Blockchain.com Wallet Funds
ReclaimYourCrypto, a leading cryptocurrency wallet password recovery service, has announced the successful completion of accessing a Blockchain.com wallet, which holds a “pretty significant amount.” T...
Stranded college savings plan can soon be rescued. New law lets 529 dollars roll into retirement
Kids change their minds a lot, so it’s understandable parents might be nervous to lock away money in a college savings plan. After all, what if your child decides to skip college or drop out? That mon...
BlackRock, Ibex Investors Among the Creditors that Rescued Core Scientific
Core Scientific, a NASDAQ-listed Bitcoin mining company, reportedly received $500 million worth of funds from giant financiers, including BlackRock, Apollo Capital, Kensico Capital, and Ibex Investors...
Iran Seeking Freeze Bank Accounts; Will Protest Get Suppressed or Rescued by Crypto?
Any revolution could not sustain longer without the financial aid, and the oppressors know it too. This gives them an advantage to come forwards and crush the financial streams of the people and the r...
Alameda Rescued FTX, Covering $1 Billion Trade Loss in 2021
The crash of FTX left the market in disarray after it halted withdrawals and filed for bankruptcy. Apart from FTX, other firms also filed for bankruptcy due to the loss of funds in the exchange. Durin...
FTX Rescued Struggling Crypto Companies To Keep Industry Healthy, Says CEO Sam Bankman-Fried
FTX CEO Sam Bankman-Fried says the company has been acquiring stakes in other crypto firms for the sake of keeping the industry strong. In a new interview during the Bloomberg Crypto Summit, Bankman-F...
Distressed Lending Platform Babel Finance Rescued Amid Crisis
On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challeng...
Long in the Tooth Hydroelectric Plant Rescued by Bitcoin Mining
As per Albany Engineering Corp CEO Jim Besha Sr, it is the oldest renewable power facility globally. More money can be generated through mining bitcoins instead of selling electrical power to national...