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Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

Leave a Comment / American Banks, anti-crypto, Auction, auctioning banks, bailout plan, bank failures, bank shutdowns, Banking Industry, Barney Frank, bidders, Bids, Bitcoin, Chartered Bank, controversy, crypto businesses, Crypto Hacked, Cryptocurrency, depositors, Ethereum, FDIC, Finance, Financial Institutions, Financial News, New York State Department of Financial Services, News, Piper Sandler Companies, potential buyers, private equity companies, Regulations, regulations vs innovation, restrictions, Reuters, Signature Bank, Silicon Valley Bank, sources, strict rules, traditional lenders, unidentified sources, US economy, US government / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal […]

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Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure

Leave a Comment / anti-crypto, Bank Failure, banking reform, banking regulations, Barney Frank, Bitcoin, board member, CitiGroup, cnbc, contagion, Crypto Hacked, Cryptocurrency, Department of Financial Services, deposit run, depositors, DFS, Dodd-Frank Act, Ethereum, FDIC, Federal Deposit Insurance Corporation, Financial Crisis, financial industry, Financial Institutions, Financial News, financial regulatory system, financial stability, Insolvency, jpmorgan, liquidity problems, market observers, Massachusetts, New York regulators, News, policy framework, Regulatory Compliance, senior staff, Signature Bank, Silicon Valley Bank, Silvergate Bank, U.S. banking, U.S. House of Representatives / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong anti-crypto message.” Frank, who also serves as a Signature

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Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000

Leave a Comment / bear markets, Bitcoin, Bitcoin rally, Bloomberg Intelligence, Central Bank, commodities, Crypto Hacked, Cryptocurrency, economic contraction, equities, Ethereum, Financial News, global cryptocurrency market capitalization, Gold Prices, inflation, March outlook, market analysis, market bounce, Market Capitalization, Market Data, market outlook, Market Trends, Markets and Prices, Mike McGlone, monetary tightening policies, nasdaq, Precious Metals, Recession, risk assets, Senior Macro Strategist, Silver Prices, Stock Market, U.S. economy, U.S. Federal Reserve, yield curve / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance

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Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs

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Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to the firm’s fleet. Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency Cleanspark, the publicly listed

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