U.S. stock were sharply lower Wednesday morning as two economic prints showed a slowdown in February, coupled with fresh turmoil at Credit Suisse (CS) that weighed on sentiment. The S&P 500 (^GSPC...
Tag: Turmoil
Coinbase Announces Partnership With Standard Chartered Amidst Banking Sector Turmoil
Coinbase is ramping up its expansion effort, with Singapore being the first stop. As part of its ambitious plan, the crypto exchange has announced forging a strategic banking partnership with Standard...
Bitcoin proving to be an independent player in European market turmoil
Quick Take Bitcoin remains uncorrelated to European stock markers as turmoil spreads to Europe from the U.S. Bitcoin has a -0.21 correlation with the FTSE 100. Bitcoin has a -0.71 correlation with the...
Whiplash Hits Crypto Markets Due to Recent Turmoil
The most dramatic week in technology and banking ended with crypto markets up on Monday. The wider industry is suffering from a serious case of whiplash. There’s whiplash, and then there’s whiplash. T...
Charles Schwab stock falls as it assures company is ‘well-positioned’ amid financial sector turmoil
Charles Schwab’s (SCHW) stock fell 11% to close at $51.91 despite assurances from the financial services company that it has plenty of funds. Shares had been down as much as 23% during Monday...
Fed Battle Plan for Inflation Shredded by Financial Turmoil
(Bloomberg) — Federal Reserve Chair Jerome Powell’s strategy to speed up the central bank’s inflation-fighting efforts is unraveling in the wake of Silicon Valley Bank’s collapse. Most Read from...
Assessing the state of TRON [TRX] amidst ongoing Stablecoin turmoil
USDC supply on Tron dropped sharply while USDT’s dominance rose. TRX jumped nearly 15% at press time. The current stablecoin turmoil has spread far and wide and no crypto project has managed to stay a...
Cardano (ADA) Jumps 10%, Here’s How Ecosystem Defied Market Turmoil
Cardano’s ADA price made a sharp rebound after touching lows of $0.333 on March 12. At the time of writing, ADA was up 10.75% to $0.338 after reaching intraday highs of $0.344. The leading crypt...
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil – Bitcoin News
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson ...
A Bearish Pattern Appears in Ripple’s Price Amid Market Turmoil
The Ripple price analysis shows bearishness in the market as it plummets. The XRP coin is currently at 0.3638 USD, down over 8.19% in the past 24 hours. The bearish trend is likely to continue as ther...
SVB Shut Down By California Regulator After Bank Stocks Crash Amid Turmoil
Topline Silicon Valley Bank Financial was closed by a California regulator on Friday amid the ailing firm’s attempts to seek a buyer and raise capital—intensifying turmoil that prompted concerns of po...
Shiba Inu (SHIB) Burn Rate Amid Market Turmoil Shows Unexpected Performance
Arman Shirinyan Shiba Inu’s burn rate plummets amid market volatility spike, here’s how it performs Shiba Inu shows an underperforming burn rate. Historically, during volatile market perio...
Cardano (ADA) up 6% Despite Market Turmoil as Whale Buys Dip
Despite the recent turbulence in the cryptocurrency market, Cardano (ADA) has been showing signs of upward momentum against Bitcoin. On-chain data reveals that whales are actively buying the cryptocur...
Xapo bank integrates Bitcoin Lightning Network amid turmoil in crypto banking sector
Ad Coinbase-owned Xapo bank announced its integration with the Bitcoin (BTC) Lightning Network on March 2, becoming the first fully-licensed bank integrated with the Lightning Network. This integratio...
We See Turmoil, Fraud, Lack of Transparency, Run Risk – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that t...
Fed Chair Jerome Powell: Crypto ‘Turmoil, Fraud, Run Risk’ Is Being Monitored
Federal Reserve Chairman Jerome Powell today said that the crypto space needs to be monitored closely because it is full of turmoil—but innovation in the world’s biggest economy should not be stifled....
This Is How To Pick Treasuries For Best Returns While The Stock Market Is In Turmoil
Second Liberty Loan of 1917 Poster (Photo by Swim Ink 2, LLC/CORBIS/Corbis via Getty Images) Corbis via Getty Images After a dismal 2022 ending with a weak December, the stock market came to roaring l...
With Financial Turmoil At Bally Sports Networks, Major Leagues Gear Up For A Future Without Cable
‘Linear’ broadcast TV combined with streaming games offer the best alternatives to reach the most fans, insiders say. But regional sports networks like the one owned by Sinclair are getting in the way...
Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — MicroStrategy co-founder
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to MicroStrategy co-founder Michael Saylor. In a ...
Crypto Bloodbath on Feb 1st? Market Strategist Foresees Intense Turmoil
The bankruptcy of FTX, a $32 billion crypto exchange, has shaken investor trust in cryptocurrencies. Market participants are constantly attempting to assess the degree of the harm done and its effect ...
Secret Network validator shuts down nodes after leadership turmoil
A major validator for the privacy smart contract layer-1 blockchain Secret Network has announced that it will no longer provide nodes and support for the network. On Jan. 29, major validator Smart Sta...
Gold or Crypto: Jim Cramer’s Take on Navigating Economic Turmoil
The Mad Money host sold all his crypto holdings the previous year. Jim Cramer, the host of Mad Money, has recommended investors stay away from cryptocurrencies and invest in physical assets like gold ...
Nexo Turmoil Causing Tension in Bulgarian Parliament
The scandal around the cryptocurrency lending platform Nexo has triggered a massive verbal fight between the leading political parties in Bulgaria. GERB (the party that ruled between 2009 and 2021) al...
Elon Musk Wins Vote of Support From Qatar Amid Twitter Turmoil
(Bloomberg) — Most Read from Bloomberg The chief executive officer of the Qatar Investment Authority says the sovereign wealth fund supports Elon Musk’s vision for Twitter Inc., despite the turm...
Indonesia Mulls Launching National Crypto Exchange Amid Industry Turmoil ⋆ ZyCrypto
Advertisement     Indonesia is considering setting up a national crypto exchange to keep pace with the fast-changing financial landscape. Citing a Wednesday report by ...
Huobi Exchange Turmoil Leading HT Token to Face Repercussions
Chances are there this might not sound usual but a crypto company making its employees accept salary in crypto is not being welcomed. The instance happened with leading crypto exchange Huobi where the...
Tesla Reportedly Plans Layoffs And Hiring Freeze Amid Stock Turmoil And Musk’s Twitter Meltdown
Topline Elon Musk’s electric automaker Tesla is reportedly planning to implement a hiring freeze and conduct a round of layoffs in the next fiscal quarter, sources told Electrek Wednesday morning, as ...
Elon Musk follows crypto exchange OKX despite recent CEX turmoil
Elon Musk has suddenly followed the OKX crypto trading platform’s official account on Twitter. OKX only crypto exchange followed by Musk Amid the hubbub of the last few days, it has come to light that...
$5 Billion Withdrawn from Binance (BNB) Following Recent Turmoil
Gamza Khanzadaev Outflows from Binance reached $5 billion in two days following criminal charges rumors According to crypto analytics portal Delphi Digital, more than $5 billion were withdrawn from ma...