Banking system instability caused widespread panic over the last few days. On the other hand, crypto networks continued operating without missing a beat. Mistakes in banking were to blame for bank run...
Tag: System
6 key signals of rising financial stress in the US banking system
The US financial system is precariously positioned following the failures of Silvergate (NYSE: SI), Silicon Valley Bank (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY). Regulators have stepped in wit...
US Banking System Nursing Over $600,000,000,000 Worth of Unrealized Losses, Warns Macro Guru Lyn Alden
Popular macro strategist Lyn Alden is warning investors that the US banking system is sitting on hundreds of billions of dollars worth of unrealized losses. In a fresh installment of the macro guru’s ...
US banking system outlook downgraded to ‘negative’ following recent bank failures
Credit rating agency Moody’s, has recently downgraded its outlook on the entire US banking system from “stable” to “negative.” The move comes in light of recent bank fail...
SVB Collapse Meant Protecting ‘a Digital Dollar From the Banking System’: Circle CEO
In a recent interview, Circle’s CEO pointed out the irony of a traditional bank disrupting the wider crypto industry. “We are really trying to make sure that we’ve got the most solid infrastruct...
Ripple, Cardano execs double down on their criticism of U.S banking system
Ripple’s Brad Garlinghouse recently pointed out United States’ broken financial system in light of Silvergate, SVB episodes Cardano’s Charles Hoskinson also criticized the government’s position on cry...
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...
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System – Economics Bitcoin News
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal...
Biden reassures Americans that banking system is safe in wake of collapses
Policy • March 13, 2023, 9:40AM EDT U.S. President Joe Biden assured American citizens that the banking system is safe following the collapses of Signature Bank and Silicon Valley Bank. “Americ...
Ripple CEO Hints US Banking System Desperate for Disruptive Crypto Tech: CryptoLaw Founder
Yuri Molchan Pro-Ripple lawyer commented on recent Twitter thread by Brad Garlinghouse Contents U.S. financial systems are in crisis, Garlinghouse says Elon Musk posts meme about banks and crypto Foun...
Reelgolf’s AI Enabled Video-Capture System Creates Cinematic Souvenirs
Billye Hollister of Arlington, Virginia celebrates a hole-in-one at Payne’s Valley with his playing … [+] partners. ReelGolf The best moments of a golf trip are rarely captured on film. In...
Bitcoin Bursts to $22,000 As Biden Administration Tries to Stop Contagion in U.S. Financial System
The price of Bitcoin (BTC) is soaring as the Biden Administration races to prevent the collapse of Silicon Valley Bank from triggering a mass exodus at regional banks across the U.S. The U.S. Treasury...
$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity between the money held at the Federal Deposit Insurance Corporation (FDIC) and the amount of money sitting in the US banking system. In ...
The Greed Of The US Banking System In Action: BTC Price Fell Again
Mar 11, 2023 at 09:00 // News Just a week ago, everyone in the cryptocurrency market expected that the “crypto winter” was over and that we were moving towards the spring of 2023, with a p...
Crypto Needs ‘Guardrails’ To Realize Positive Effects On Financial System, Top Fed Official Says
Michael Barr, Federal Reserve Vice Chair for Supervision, has acknowledged that crypto technology still holds promise for transforming the financial system, but emphasized the need for “guardrails” to...
US Banking System Can Weather SVB Contagion Risk, El-Erian Says
(Bloomberg) — US banks can contain contagion risk and system stress stemming from the turmoil unleashed by Silicon Valley Bank, Mohamed El-Erian said. Most Read from Bloomberg “Contagion risk an...
Stablecoin System Based on Swaps Proposed by BitMEX’s Hayes
BitMEX Co-founder Arthur Hayes promoted a stablecoin mechanism in his blog post, stressing that the sector doesn’t have a centralization problem. Arthur Hayes, a frequent commentator on the cryptocurr...
Coinbase Says It’s Time To ‘Update the System’, Makes Case for Crypto To Replace Traditional Finance
Top US crypto exchange Coinbase is making the case that it’s time for the nascent industry to take over the existing traditional financial system. In a new Twitter thread, Coinbase notes that if all t...
Tel Aviv Stock Exchange’s crypto trading proposal a ‘closed-loop system’
When the Tel Aviv Stock Exchange (TASE), the only public stock exchange in Israel, announced that it drafted a proposal for regulation-friendly crypto trading on Feb. 27, it echoed across the crypto i...
A Closer Look at BIT Crypto Exchange’s ADL System
BIT crypto exchange recently launched its own ADL to enrich its account risk control management system. While traders are worried about the forced liquidation brought by this ADL mechanism, BIT claims...
Binance’s PoR system shows over $63B in reserves backing 24 assets
Ad Binance, one of the world’s largest crypto exchanges, updated its proof-of-reserves (PoR) system to include 11 new tokens. These include Mask Network (MASK), Dogecoin (DOGE), Curve DAO Token (CRV),...
BIS proposes new cross-border CBDC payment system
According to research from the Bank of International Settlements (BIS), a transnational system that connects digital currencies issued by central banks would make it possible to make worldwide cheaper...
BIS wraps exploration project on retail CBDC payment system
The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, ...
BIS develops cross-border retail CBDC payment system
A cross-border system connecting central bank digital currencies could allow for cheaper and safer global payments, according to a report published by the Bank of International Settlements on Monday. ...
Pakistan banks agree on blockchain-based KYC system development
Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives. On M...
Pakistan Banking Association To Create Blockchain-Based System To Exchange Bank Data
Mar 04, 2023 at 10:10 // News In March 2023, the Pakistan Banking Association (PBA) announced its plans to create a government-owned blockchain-based eKYC platform for the exchange of banking data, wh...
Investigator claims Bitbns said $7.5m hack was system maintenance
Twitter crypto sleuth ZachXBT has alleged that Indian crypto exchange Bitbns suffered a $7.5 million hack last month but covered it up by performing “system maintenance.” According to the investigator...
GameSwift Launches a Web3 Gaming Platform With Revolutionary Passwordless Sign-on System to Help Bring Gamers Into Web3 – Press release Bitcoin News
press release PRESS RELEASE. GameSwift has announced the open alpha version of its all-in-one Platform for playing and building web3 games. It features the GameSwift ID – a revolutionary passwordless ...
GameSwift’s Revolutionary Passwordless Sign-on System
To encourage widespread adoption of Web3 games, the GameSwift Platform has been launched in its open alpha stage alongside the unique GameSwift ID feature (a passwordless sign-on system with an automa...
How to Build A Strong Community Through DeSoc, A Democratic & Open System – Cryptopolitan
In the world of social media, the concept of decentralization is relatively new. However, it is a powerful idea that has the potential to disrupt the traditional social media landscape as we know it. ...
Americans ‘frustrated’ by financial system inequality, 20% own crypto: Survey
A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency, a new survey has revealed. Commissioned by crypto exchang...