Problems at Switzerland’s second-biggest lender are causing bank stocks around the world to falter. On Wednesday, Credit Suisse ‘s top shareholder said in a Bloomberg interview that it wouldn’t invest...
Tag: troubles
MakerDAO looks to limit volatility after USDC troubles pushed some users to DAI
MakerDAO, which manages the “decentralized” dai stablecoin, launched an emergency proposal to reduce the amount of DAI that can be minted with other centralized stablecoins after concerns ...
Tron founder speaks out amidst Silicon Valley Bank and Silvergate troubles
On Mar. 12, H.E. Justin Sun, the founding member of the TRON ecosystem and the global advisor at Huobi, a crypto exchange, posted a thread on Twitter highlighting the “potential harm” prevalent in the...
Silicon Valley Bank’s troubles put Circle’s $3.3b USDC reserve at risk
Circle’s USDC, the second-largest stablecoin with a market capitalization of $43b, has been hit by the collapse of Silicon Valley Bank (SVB). On Friday, regulators in California placed the bank under ...
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles – Bitcoin News
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” ac...
US Bank Troubles Hammer Stocks, Boost Treasuries: Markets Wrap
(Bloomberg) — Stocks tumbled and Treasuries rallied as worries about the health of the US banking system caused a sharp selloff in global markets. Most Read from Bloomberg Europe’s Stoxx 600 equ...
Intel’s Troubles Run So Deep Even Bulls Are Wary
(Bloomberg) — With the most sell ratings in the Nasdaq 100 Stock Index, Intel Corp. is running ever lower on fans. Things have gotten so bad that even analysts brave enough to recommend buying a...
Silvergate troubles affecting crypto’s USD market depth
Ad Crypto’s US Dollar market depth has significantly dropped over the past month following Silvergate’s struggles, according to Kaiko data. US exchanges are becoming less liquid. Kaiko said U.S.-based...
Bitcoin Twitter Taunts Paul Krugman Over TradFi Troubles
Famed economist Paul Krugman was never a crypto fan, but personal issues with a traditional financial company left him with some frustration to vent on Wednesday. “I’ve been using Venmo for yea...
Despite SEC Troubles, Kraken’s Trading Volume Climbs Double Digits
Kraken’s generated trading volume for the past 24 hours increased by almost 15%. The surge contrasts with the company’s issues prompted by the recent SEC investigation and the consecutive termination ...
Nifty Gateway co-founders stepping down, departing Gemini amid troubles
Duncan and Griffin Cock Foster, twin brothers and co-founders of Gemini-owned NFT platform Nifty Gateway, are stepping down from their positions and leaving Gemini amid troubles at the company. ...
BlockFi’s Troubles Mount: $160Mn In Crypto Loans To Be Liquidated
Troubled crypto firm BlockFi plans to liquidate approximately $160 million in loans backed by approximately 68,000 Bitcoin mining machines, according to a report by Bloomberg. The move aligns with on-...
Gemini and Genesis’ legal troubles stand to shake up industry further
With investor confidence seemingly at an all-time low thanks to the recent slew of insolvencies, a new saga seems to be now unfolding in real time. This one involves crypto exchange Gemini’s Winklevos...
New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2
Having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. Although having been granted the op...
DCG Drama Recap: Winklevoss Letter, Grayscale Troubles, Class-Action Arbitration
Key Takeaways Digital Currency Group brought old problems into the new year. Gemini co-founder Cameron Winklevoss posted an open letter criticizing DCG CEO Barry Silbert’s actions with regards t...
Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report
New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture. A rep...
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018
– Advertisement – Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perce...
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018 – Bitcoin News
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade a...
Troubles at Sam Bankman-Fried’s Alameda Began Well Before Crypto Crash
Sam Bankman-Fried built the cryptocurrency exchange FTX on the reputation of his trading firm, Alameda Research LLC. Alameda was applying Wall Street-style wizardry to the crypto world—and outsiders t...
WAVES sees increased investor distribution as USDN troubles persist
The continued decline in the value of stablecoin USDN led to a fall in the price of WAVES. With negative sentiment trailing the token, the chances of an upside are limited. Despite recent claims that ...
CleanSpark slashes 2023 hash rate guidance: BTC minors’ troubles continue.
CleanSpark (CLSK) reduced hash rates from 22.4 EH/s to 16 EH/s. Their partner Lancium was to provide 200 MW power capacity in West Texas. CLSK shares hopped 2% on Wednesday after falling 76% in 2022...
Unpredictable electricity cost could have caused Argo’s troubles
As rumors about Argo’s possible bankruptcy continue to spread, more information about what caused the company’s troubles are unraveling. The U.S.-based Bitcoin mining company has seen its shares plumm...
Tesla’s Troubles Are Piling Up While Elon Musk Is Distracted With Twitter
(Bloomberg) — While Elon Musk is busy overhauling newly acquired Twitter Inc., Tesla Inc. is facing increasingly urgent issues and testing the faith of some of its chief executive’s biggest fans...
Gemini exchange approved in Italy and Greece despite lending troubles
Gillian Lynch, head of Gemini exchange Ireland and EU, has announced regulatory approvals to operate in Italy and Greece. The news is a relief at a time when the FTX contagion is spreading through the...
BlockFi files for bankruptcy, cites FTX collapse for its troubles
BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidia...
Crypto.com CEO Refutes Fin Troubles, Says Balance Sheet Strong
Crypto.com, a Singapore based cryptocurrency exchange is dealing with the spiked speculations of financial troubles after the collapse of FTX. This uncertainty has led to a drop in its native crypto, ...
Circle CEO Jeremy Allaire Says Stablecoin-Issuer Not Affected by Troubles at Crypto Exchange FTX
The CEO of USD Coin (USDC) issuer Circle says that crypto exchange FTX’s liquidity issues bear no significant impact on the stablecoin company. Jeremy Allaire says that Circle provides services to bot...
Can FTX CEO SBF Face Do Kwon Like Legal Troubles?
Sam Bankman-Fried is quickly becoming an outcast in the crypto community. After a liquidity crisis, SBF’s giant crypto exchange FTX will be acquired by Binance, CEO Changpeng Zhou revealed. Binance i...
FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves – Bitcoin News
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for t...
Ripple [XRP] investors stay devoted amid unending troubles, but for how long
Ripple [XRP] investors were pumped about $1.1 million worth of investments into the payment network, according to the latest report by CoinShares. James Butterfill, who headed the weekly asset fund fl...
Amidst NFT Hype in Skepticism, OpenSea Facing Troubles
Prominent non-fungible token marketplace OpenSea has seen a significant drop in its trading volume. On 31st October 2022, the NFT marketplace reported to witness a drop of 94% in its trading volume fr...