▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io WARNING Signal Active NOW (Bearish Div.)!! Bitcoin News Today & Ethereum Price Prediction (BTC, ETH) Welcome back to the … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume of Crypto Transactions in Russia Almost $13 Billion, Financial Authority Says The turnover of crypto assets in Russia is growing, according to Yury Chikhanchin, director of the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring), who reported to President Vladimir Putin about the agency’s current operations. The watchdog is…
The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damaging investor sentiment and intensifying the regulatory spotlight over cryptocurrencies. However, the recent depegging of Circle’s USD Coin (USDC) led Binance CEO Changpeng ‘CZ’ Zhao to believe that traditional banks are a risk to stablecoins that are usually pegged 1:1 with fiat currencies, like the US dollar. On March 11, Circle disclosed that Silicon Valley Bank (SVB) did not process its $3.3 billion withdrawal…
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Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs begin Monday am,” he cautioned. Government Has Until Monday Morning to Fix Its ‘Soon-to-Be-Irreversible Mistake’ Billionaire Bill Ackman, CEO and portfolio manager of Pershing Square Capital Management, has warned of “vast and profound” consequences of…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this episode, we discuss the importance of voting with your wallet, how Bitcoin will impact the size of the Government, the moral … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars at risk of a bank run, said former Bridgewater executive and CEO of investment firm Unlimited Bob Elliot. In a Twitter thread on March 11, Elliot stated that nearly a third of deposits in the United States are held in small banks, and around 50% are uninsured. “The FDIC insures small deposits in all the banks in the US, but that only…
The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” in the United Kingdom (UK) and no “critical functions” supporting the financial system. BoE issued a statement on Mar. 10, declaring that SVB UK will “stop making payments or accepting deposits,” as BoE intends to apply to the court to place SVB UK into a “Bank Insolvency Procedure.” This follows news on the same day that the California Department of Financial Protection and Innovation ordered the…
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins. Robert Kiyosaki Predicts Another Bank Is Set to Crash The author of Rich Dad Poor Dad, Robert Kiyosaki, has warned that another bank is about to fall. He noted that two major banks have…
The Ethereum founder Vitalik Buterin has just sold over $700,000 worth of tokens that had been airdropped to him. However, in a recent Reddit thread, he mocked shitcoins discussed by the community. According to Etherscan, Vitalik’s publicly known wallet address had sold 50 billion MOPS tokens, equating to 1.25 ETH (approximately $2,000) when the transaction was complete. He further cashed out 10 billion CULT tokens for 58 ETH (roughly $91,000) and 500 trillion SHIK tokens for 380 ETH (approximately $600,000). Moreover, according to PeckShield, BITE was one of the tokens he…