Tag: News

Shares of Deutsche Bank, Other Euro Lenders Tumble – Finance Bitcoin News

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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 Credit Default Swaps Jump to 4-Year High Shares of European banks, most notably Deutsche Bank, fell before the weekend amid persisting concerns among investors about the state of the banking industry on the Old Continent, across the Pond and beyond. Having…

Terraform Labs CEO Do Kwon Faces Extradition to South Korea – Bitcoin News

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According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found in Kwon’s Possession Terraform Labs co-founder and CEO Do Kwon, also known as Kwon Do-hyung, was arrested on Thursday in Montenegro, a mountainous country located in South Eastern Europe on the Balkan Peninsula. The news…

Zipmex Misses Buyout Payment | Blockchain News

According to recent reports, the Singapore-based cryptocurrency exchange known as Zipmex has failed to make a payment totaling $1.25 million as required by the terms of its buyout agreement with V Venture. V Venture is a venture capital firm that is owned by the Thai shipping company known as Thoresen Thai Agencies. Zipmex warned V Venture in a letter that if the money was not received, it was possible that the company would have to begin the process of liquidating its Zipmex Technologies segment and halt wages. The activities in…

Crypto Market Sees Boost as Banking Networks Falter – Blockchain News, Opinion, TV and Jobs

The cryptocurrency market is seeing a surge in popularity as traditional banking networks struggle to keep up with demand. With the recent collapse of Silicon Valley Bank, people are increasingly looking for alternative ways to take control of their money and ensure that it is safe. Bitcoin, in particular, is outperforming 97.6% of the 500 leading publicly traded companies in the U.S. In fact, since March 10th, the price of bitcoin has risen by 37.06%, beating the year-to-date returns of 488 S&P companies, including FedEx, Apple, and Amazon. According to…

Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector – Bitcoin News

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U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet Yellen Initiates Unscheduled Meeting With Country’s Top Financial Regulators The U.S. banking sector remains in turmoil following the collapse of three major banks two weeks ago and the federal government’s measures to address the issues.…

Decentralized Media Via Web3: A Solution to Bias and Trust Issues in News?

On a more mechanical level, that means using bad tactics like bad sourcing or selective sourcing or the bias of omission or the bias of commission. They’re increasingly doing this to advance an agenda – and that could be financial, it could be political or they are doing it to advance a thesis. With journalists, the temptation is always there, right? You come in with a hunch, you come in with a great idea. But as the standard of objectivity is loosened in the news media, these types of practices…

XMR Rises to 1-Month High, XRP Moves 4% Lower – Market Updates Bitcoin News

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Monero jumped to a one-month high on Friday, as overall sentiment in crypto markets remained largely unchanged. The global market cap is now trading 0.60% higher at the time of writing. Xrp was back in the red in today’s session, as traders continued to secure recent gains. Monero (XMR) Monero (XMR) has been one of today’s biggest gainers, with prices climbing to a four-week high. Following a low of $152.16 on Thursday, XMR/USD raced to a peak of $163.10 earlier in the day. As a result of the move, XMR…

A Closer Look? – Blockchain News, Opinion, TV and Jobs

Several countries in Europe, including Sweden, France, and Germany, have been exploring the possibility of launching their own Central Bank Digital Currencies (CBDCs). In February 2021, the European Central Bank (ECB) launched a two-year investigation into the viability of a digital euro. However, concerns have been raised about the potential impact of a digital euro on the commercial banking system and the privacy of users. In the United Kingdom, the Bank of England is also exploring the possibility of launching a digital version of the pound sterling. The bank has…

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says – Finance Bitcoin News

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The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during a discussion devoted to central bank digital currencies. Payment Cards and Apps Now Are Not Necessarily European, Lagarde Points Out A digital euro has a key role to play in safeguarding Europe’s payment autonomy, President of European Central Bank (ECB) Christine Lagarde was quoted as…

ETH Drops From 7-Month High, as Market Volatility Heightens – Market Updates Bitcoin News

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Ethereum fell from a 7-month high March 24, as traders reacted to further uncertainty within the European banking sector. Shares in Deutsche Bank fell by as much as 13% in today’s session, following a spike in the cost of credit default swaps. Bitcoin briefly moved above $28,000 on the news. Bitcoin Bitcoin (BTC) was back above $28,000 on Friday, as fears of further banking collapses pushed traders towards cryptocurrencies. Following a low of $27,359.25 on Thursday, BTC/USD raced to an intraday peak of $28,729.84 earlier in today’s session. The move…