Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,424,296,420,667.88
  • 24h Vol: $60,736,507,626.22
  • BTC Dominance: 56.55%

Losses

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Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes

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Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent AI-driven crypto projects have all suffered double-digit losses, ranging from 10% […]

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First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

Leave a Comment / Acquisition, appreciation rights, assessment, Bitcoin, branches, ceo, commitment, competition, cost, Crypto Hacked, Cryptocurrency, deposit insurance, Economy, Equity, estimation, Ethereum, expenses, failure, FDIC, First Citizens Bank, Frank Holding Junior, global fund banking, hargreaves lansdown, industry, Indymac, insurance fund, Joey Politano, loans, Losses, News, North Carolina, private equity, Raleigh, receivership, relationships, Securities, Signature Bank, Silicon Valley Bank, Susannah Streeter, total assets, total deposits, troubled bank, US history, Valley National Bancorp, value cap, Venture Capital / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley

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Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

Leave a Comment / Assets, Bailouts, balance sheets, bank collapses, Bank crisis, bank failures, bank issues, Banking, banks, Bitcoin, Charles Gasparino, commercial banks, credit, Crypto Hacked, Cryptocurrency, Danielle DiMartino Booth, debt, deposits, Economics, Economy, Ethereum, failures, Federal Reserve, Finance, Financial Crisis, inflation, interest rates, Investments, Investors, lending, liabilities, Losses, Michelle Makori, Portfolio, profits, Quill Intelligence, Recession, Regulation, Regulations, risk, Stability, Stock Market, trading, Wall Street / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth

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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

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On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

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After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the

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Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125

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In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S. dollar. The following presents a

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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

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Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say Read More »