U.S. stocks opened sharply lower on Wednesday, wiping out all of the prior session’s gains and then some as a punishing selloff in shares of Credit Suisse CS reignited anxieties about the banking sect...
Tag: Woes
Dow futures dive over 400 points as Credit Suisse woes reignite bank sector angst, with retail sales data ahead
U.S. stock futures were sliding on Wednesday as fresh concerns over the health of Credit Suisse sparked renewed banking sector anxiety. That’s as investors awaited fresh retail sales data. How are sto...
IAG share price finds support amid emerging aviation woes
IAG (LON: IAG) share price dipped by more than 1.4% on Wednesday as concerns about the aviation industry resumed. The stock pulled back to a low of 142.56p, which was a few points below this week’s hi...
Bitcoin hurtles back above $23,000 as crypto prices buoyed amid US banking woes
Cryptocurrency prices have soared over the past day as U.S. President Joe Biden sought to reassure Americans that the country’s banking system was safe in the wake of the collapses of Silicon Va...
TUSD’s supply crosses $2B amid banking woes for stablecoin rivals
Ad TrueUSD’s (TUSD) circulating supply has more than doubled in the last two weeks, reaching over 2 billion tokens on March 13. TUSD’s total supply is 2.073 billion as of press time, according to Cryp...
Silicon Valley Bank Shut Down by Regulators Amid Financial Woes
43 seconds ago | 2 mins read Altcoin News The bank was shut down by authorities and transferred to the supervision of FDIC. On Wednesday, SVB reported that it had sold several instruments at a loss. A...
Bitcoin, Ethereum Price Rising Despite Bank Woes, Stablecoins Depeg
The crypto market is witnessing a massive crisis as crypto-friendly banks Silvergate, Silicon Valley Bank, and now Signature Bank faces bank runs. The “bank run” driven by depositors withdrawing money...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss – Bitcoin News
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond ...
Silicon Valley Bank Crashes 67% Pre-Market Amid Silvergate, Crypto Woes
SVB Financial Group, the parent firm of Silicon Valley Bank, shares plunged over 67% in pre-market hours as venture capitalists, including crypto VCs, recommend portfolio companies to move capital out...
Silvergate & Silicon Valley Woes Further US Banking Bunkum
As if things weren’t bad enough for the crypto industry, an impending U.S. banking crisis could be the tip of the iceberg. Two major American banks failed in the same week. Earlier this week, crypto b...
US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall
Fears have been heightened over the future of another United States bank this week after Silicon Valley Bank (SVB) announced a significant sale of assets and stocks aimed at raising additional capital...
Crypto.com’s Future in Jeopardy Amid Euro Banking Woes
Crypto.com struggles to provide Euro banking services to EEA users amid digital asset crises. Crypto.com also previously lost the ability to accept USD deposits. The firm allows consumers to purchase ...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist – Bitcoin News
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant finan...
Ripple CTO Backs Transaction Fee Increase: Could This Be The Solution To XRP’s Woes?
Ripple’s lawsuit with the Securities and Exchange Commission has hurt XRP by creating investor anxiety. If the SEC wins and XRP is declared a security, Ripple might be fined and restricted from sellin...
Babel Finance Pins Hope on New Stablecoin Project to Resolve Financial Woes: Report
Babel Finance co-founder Yang Zhou is banking on a new stablecoin to pull the troubled crypto lender from the financial crisis. Last June, Hong Kong-based project was one of the three prominent firms ...
Polygon [MATIC]: Can gaming activity improve DeFi woes? Decoding…
Gaming contributes immensely to Polygon’s activity. DeFi and DEX activity on the network declines. Polygon [MATIC] has shown high activity on its network over the past few months. One reason for the s...
IDS share price forms a triangle pattern amid Royal Mail woes
IDS, Royal Mail’s parent company, has seen its share price stagnate as concern about the company’s future remains. The stock has moved into a deep slumber at around 240p, which is a few points above l...
P2P Exchange LocalBitcoins Closes Shop After 10 Years Of Business Amid Market Woes ⋆ ZyCrypto
Advertisement     With the bitcoin price trading more than 67% below its all-time high, not even LocalBitcoins, one of the oldest and most popular peer-to-peer bitcoin...
Crypto Exchange Woes Continue: Kraken Reportedly Shutters Regional Headquarters As Bittrex Lays Off 83 Employees
A new report finds that crypto exchanges Kraken and Bittrex are downsizing amid the continued turmoil in the digital asset space. Bloomberg reports that San Francisco-based Kraken shuts down its Abu D...
Silvergate Knew More About FTX Woes Than It Is Saying, US Senators Say
Join Our Telegram channel to stay up to date on breaking news coverage A group of US senators is seeking new details from Silvergate Capital Corp about its knowledge of FTX’s alleged misuse of custome...
Bithumb Offices Raided as Legal Woes Pile up (Report)
More troubles for South Korean crypto exchange Bithumb brews as its offices were reportedly raided on Thursday. Authorities launched an investigation into potential price manipulation of a coin listed...
Porsche NFT trading volume nears $5M despite launch woes, minting halt
German luxury car manufacturer Porsche’s nonfungible token (NFT) collection reached 2,839 Ether (ETH) ($4.5 million) in total sales volume, according to data from NFTScan at the time of writing ...
DCG Woes Deepen With Potential Sale of CoinDesk
Things are going from bad to worse for Digital Currency Group (DCG). According to reports, it may be forced to sell its crypto publication CoinDesk. On Jan. 18, CNBC reported that CoinDesk had engaged...
Defensive Woes Led To Abrupt End For 2022-23 Minnesota Vikings
In the end, Danielle Hunter and the Vikings defense could not hold up their end. (Photo by Jonathan … [+] Bachman/Getty Images) Getty Images In the end, the weaknesses overpowered the strengths ...
former FTX boss maintains innocence, Nexo’s woes, DCG and Gemini face-off
The last week in crypto was mixed with fresh updates and ongoing controversies. A new scandal emerged as new allegations were leveled against the crypto lender, Nexo, with reports accusing the regulat...
Miami-Dade County Ends Partnership With Crypto Company amidst Financial Woes.
Miami-Dade, one of the U.S. most populous counties and home to the NBA team Miami Heat, has successfully annulled its partnership with FTX following the company’s collapse in November. According to a...
Justin Sun’s Woes Continue as USDD Depeg Sparks Huobi Concerns
As stablecoin USDD continues to trade below its peg, Justin Sun’s Huobi Global is suffering the consequences. The crypto exchange has lost 18% of its market share volume since 2020 and faces an ...
Alibaba Leads China Tech Gains as Regulatory Woes Ease Further
(Bloomberg) — Chinese tech stocks jumped as the sector’s outlook improved further following regulator comments that a years-long crackdown is ending. Most Read from Bloomberg Alibaba Group Holdi...
REITs May Feel Sting from Bed Bath & Beyond’s Woes
Bed Bath & Beyond ‘s problems may cause a headache for its landlords. Earlier this week the big box retailer warned there is “substantial doubt” it can continue. That was enough to send Bed Bath &...