Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,399,169,394,324.12
  • 24h Vol: $53,361,005,239.12
  • BTC Dominance: 56.62%

Banking

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Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps

Leave a Comment / baking, Banking, Bitcoin, Christine Lagarde, credit suisse, Crypto Hacked, Cryptocurrency, ECB, Economics, Ethereum, European Central Bank, hikes, interest rates, Signature Bank, Silicon Valley Bank, Silvergate Bank / / / , , , , , , , , , , ,

The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that the institution was ready to provide liquidity if […]

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US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

Leave a Comment / Bailout, Bailouts, Bank of America, Banking, Banking Bailouts, Banking Industry, banks, Bitcoin, BNY Mellon, capital one financial, Cash Injection, Charles Schwab Corporation, CitiGroup, CNB Financial, credit suisse, Crypto Hacked, Cryptocurrency, deposit outflows, Discover Financial, Ethereum, FDIC, Federal Reserve, Financial Institutions, First Republic Bank, Goldman Sachs, jpmorgan, Liquidity, morgan stanley, News, Pacwest Bancorp, PNC Bank, Signature Bank, Silicon Valley Bank, Silvergate Bank, state street, stimulus, Synchrony Financial, Treasury, Truist Bank, Uninsured Deposits, US Bank, US Central Bank, Wells Fargo / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into the beleaguered bank’s coffers to shore up liquidity. U.S.

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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

Leave a Comment / accountability, Banking, banks, Bitcoin, bridge bank, california, ceo, CFO, Chandra Vanipenta, Class-Action, collapse, Crypto Hacked, Cryptocurrency, damages, depositors, Disclosure, Ethereum, Executives, FDIC, federal court, Federal Deposit Insurance Corporation, Federal Funds Rate, Federal Reserve, financial institution, interest rates, Investigation, Lawsuit, News, Prosecutor's, San Francisco, San Jose, Securities and Exchange Commission, Shareholders, Silicon Valley Bank, stock sales, SVB, SVB Financial Group, Treasury, U.S. Department of Justice, Wall Street Journal, Washington / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and

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Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

Leave a Comment / 19th century, bank runs, Banking, banks, Bitcoin, Crypto Hacked, Cryptocurrency, cybersecurity, data privacy, digital transformation, Economics, Economist, electronic transactions, Ethereum, FDIC, FDIC insurance, Finance, financial contagion, Financial Crisis, Financial Institutions, Financial Markets, Financial Regulation, Financial Services, financial stability, fractional reserves, Global Economy, Information Security, Mises, Mobile banking, Modern Day Bank runs, Murray Rothbard, online banking, risk management, Robert Murphy, Satoshi Nakamoto, Silicon Valley Bank, SVB, Technology, US Banking, White Paper / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Leave a Comment / Banking, Binance, Bitcoin, BitPay, Blockchain, Cash, Circle, Circle Financial, Circle USDC, Coinbase, Crypto, Crypto Hacked, Crypto.com, Crypto.com USDC, Crypto.com USDC suspension, Cryptocurrency, DAI, Decentralized, depegging, Digital Assets, Ethereum, Exchanges, Finance, Fintech, FRAX, GUSD, Investors, Liquidity, Market Capitalization, market volatility, News, Regulation, risk management, Silicon Valley Bank, Stablecoin, SVB, SVB deposits, Tether, trading, USD parity, USDC, USDC Depeg, USDC depegging, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET)

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Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles

Leave a Comment / Assets, Banking, Bitcoin, buying opportunity, capital, Crypto, Crypto Hacked, crypto-town, Cryptocurrencies, Cryptocurrency, deposit, equity analyst, Ethereum, Finance, financial difficulties, institutional investors, investment, Investors, Liquidity, market analysis, Market Trends, market volatility, mono-line provider, News, on-ramp, Piper Sandler, pricing power, Regulation, Signature Bank, Silicon Valley Bank, Stock, Stock Market, stock price, trading, Wall Street, Wells Fargo / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation caused SBNY shares to sink on Friday, dropping more than 13% as

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