In the wake of last week’s bank collapse – the fall of Silicon Valley Bank, and the related collapses of the crypto-centered Silvergate and Signature banks – there’s been a swirl of discussion around ...
Tag: Severe
DAI recovers after severe depeg caused by USDC ripple effect
MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of...
Crypto Market’s Outlook for Next Week: Is a Severe Crash Waiting for Traders?
The crypto market has witnessed a severe plunge this week, and traders are now wondering if the market has reached its bottom or if another crash is on the horizon. As several macro events continue to...
Dow Falls Nearly 600 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected during his semiannual report to Congress on Tuesday, saying the central bank will continue to up the temperature on...
Dow Falls 500 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected during his semiannual report to Congress on Tuesday, saying the central bank will continue to up the temperature on...
Dow Falls 400 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline In a semiannual report to Congress beginning Tuesday at 10 a.m., Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected, saying the central bank will continue to up the t...
CoinShares’ Earnings Take Severe Hit Due to FTX Collapse: Q4 Report
Despite the market turbulence brought about by collapses and scams, Coinshares’ Chief Executive Officer Jean-Marie Mognetti asserted that the group’s “financial health remained solid.” Its earnings di...
Sen. Fetterman Hospitalized For ‘Severe’ Depression
Topline Sen. John Fetterman (D-Pa.) admitted himself to Walter Reed National Military Medical Center on Wednesday night after experiencing “severe” depression, according to an aide, less than a week a...
Economist Peter Schiff Warns of Financial Crisis and ‘Much More Severe Recession’ Than the Fed Recognizes
– Advertisement – Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. “The economy is not only going ...
Economist Peter Schiff Warns of Financial Crisis and ‘Much More Severe Recession’ Than the Fed Recognizes – Bitcoin News
Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. “The economy is not only going to weaken, but weaken much mor...
Binance Rushes to Fix Severe Vulnerability on BNB Chain
Binance CEO Changpeng ‘CZ’ Zhao thanked crypto venture capital firm Jump Crypto for reporting a bug on the BNB chain and appreciated the security team. CZ was responding to a tweet by BNB Chain’s chi...
Janet Yellen, Elon Musk Warns Severe Recession, Will Crypto Crash Again?
U.S. Treasury Secretary Janet Yellen and business magnate Elon Musk warn the U.S. economy is at risk of a severe recession. Despite recent inflation and jobs data indicating less probability of a rece...
California Faces Another Severe Storm—And Possibly More Flooding—After 19 Killed
Topline Forecasters warn more flooding and landslides could threaten California as a seventh heavy band of rain called an atmospheric river approaches the state, after a series of brutal storms brough...
Airlines cancel 17,000 flights due to severe winter weather but disruptions ease
Aircraft are deiced at General Mitchell International Airport in Milwaukee Reuters Flight cancellations eased further on Monday but disruptions from severe winter weather across the U.S. lingered at t...
Getting More Exercise—‘The More Exercise The Better’—Cuts Risk Of Severe Covid, Study Finds
Topline Getting more exercise can help cut the risk of severe Covid-19, hospitalization and death, according to a study published Thursday in the American Journal of Preventive Medicine, which suggest...
Severe Storms Push Florida Home Insurer FedNat to Bankruptcy
(Bloomberg) — FedNat Holding Co., a Florida-based homeowners insurance company, filed for bankruptcy after an increase in severe weather events in the state weighed on its balance sheet. Most Re...
‘Dr. Doom’ Nouriel Roubini says a severe recession will cause stocks to drop 25%—and warns zombie companies are in danger
They call him “Dr. Doom” for a reason. Nouriel Roubini, professor emeritus at New York University’s Stern School of Business and CEO of Roubini Macro Associates, has a history of making pessimistic—bu...
Elon Musk Implores Fed to Cut Interest Rates or Risk Economy Tumbling into ‘Severe’ Recession
Tesla boss Elon Musk opines that the Fed’s attempts to stem inflation may inadvertently induce a full-blown recession. Elon Musk believes that the Federal Reserve must cut interest rates immediately o...
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately – Economics Bitcoin News
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed ...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
Smart Contracts Have Severe Use Cases In Real Estate
Multiple bodies of law are involved in a single real estate contract, and the value at stake can run into the billions. Log on to BitProfit software for crypto trading, an official website that simpli...
Home prices could plunge 20% amid risks of ‘severe’ correction, Dallas Fed says
U.S. home prices could tumble as much as 20% as the highest mortgage rates in two decades threaten to trigger a “severe” price correction, according to research from the Federal Reserve Ba...
Crypto Is Flowing Out of Exchanges: ‘Severe’ Outflows From Gemini, OKX and Crypto.com, Says JP Morgan
Investors are pulling funds out of major crypto exchanges as a result of the collapse of FTX, JPMorgan analysts have said. In a note to investors Wednesday, analysts at the investment bank noted that...
‘Severe’ Outflows From Gemini, OKX and Crypto.com, Says JP Morgan
Investors are pulling funds out of major crypto exchanges as a result of the collapse of FTX, JPMorgan analysts have said. In a note to investors Wednesday, analysts at the investment bank noted that ...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
Bitcoin Long-Term Holders Come Under Severe Stress
As the FTX crisis unfolded over the last week, the world’s largest cryptocurrency Bitcoin (BTC) has been facing severe selling pressure. As of press time, BTC is trading 1.68% down at a price of $16,5...
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation – Economics Bitcoin News
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the ...
DeFi’s ‘Severe Threat’ Needs New Kind of Regulation, EU Commission Told
“DeFi tools hold a credible promise for new forms of financial services adapted to a globalized, competitive, fair and digital economy,” Roukny, an assistant professor from Leuven University, said at ...
Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as ...
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...
Citi just lowered its S&P 500 price target. Here’s how likely it finds a severe recession, and what it expects from corporate earnings
Another day, another price target reduction. Strategists at Citi have reduced their year-end S&P 500 target to 4,000 from 4,200, and produced a 2023 target of 3,900. Put another way, they expect a...