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Billionaire Bill Ackman on US Banking Crisis: ‘I Fear We Are Heading for a Train Wreck’
26.3.2023
Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few days,” he said. “Hopefully,...
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
25.3.2023
Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice...
Custodia Bank's membership denied for ties with crypto markets, says US Fed
25.3.2023
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank's application for membership
US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor
25.3.2023
A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create...
The UK Has Created Crypto Banking Problems
25.3.2023
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act
Shares of Deutsche Bank, Other Euro Lenders Tumble
24.3.2023
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank...
Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs
24.3.2023
Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend
German dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform
24.3.2023
Securities processor Deutsche WertpapierService Bank (dwpbank) will provide its affiliates seamless integration with their current offerings, with more digital assets to come
Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains
24.3.2023
The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone
European banks head into another weekend of uncertainty as default risks surge
24.3.2023
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system
Bank Consolidation Threatens Freedom, Makes Case for Bitcoin
24.3.2023
The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money
Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access
23.3.2023
Since the collapse of three American banks friendly to cryptocurrency businesses and the U.S. government’s insistence that crypto assets are “risky investments,” many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. government’s recent...
Banks and the Fed have a problem — What about crypto?
23.3.2023
Join us as we discuss the problems faced by the banks and the Federal Reserve and whether they will translate into problems for the crypto market
Ledger CEO: The collapse of banks is a ‘crash course to Bitcoin’ | PBW 2023
23.3.2023
Ledger CEO Pascal Gauthier said that anyone trying to centralize crypto will fail, saying that centralization and crypto are "two magnets that’s just not going to stick together."
Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate
23.3.2023
Joined the Silvergate Exchange Network back in 2019, Kraken is now looking for new ACH funding options
Adopting CBDC could destabilize banks, help households, US Treasury study says
22.3.2023
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
22.3.2023
According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make...
Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023
22.3.2023
Signature Bank is the best place for crypto banking, even if it goes bankrupt, Woorton co-founder Zahreddine Touag believes
Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023
22.3.2023
The American venture capital investor Tim Draper took the stage at Paris Blockchain Week 2023 to talk about the decentralization of the future of money
Deposits in American banks are getting drained out
22.3.2023
Throughout the past year, it has become abundantly evident that American banks are seeing a dramatic decline in deposits. It has been calculated that there has been a drop of about half a trillion dollars, which is equivalent to a staggering 3%. This is having a significant impact on commercial...