Tag: News

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks – Bitcoin News

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After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration in the operating environment” following the collapse of these banks. Moody’s Downgrades U.S. Banks, Financial Institutions Face Rising Deposit Costs and Reduced Earnings Moody’s Investors Service, the American credit rating agency, has downgraded the U.S.…

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

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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 the Securities and Exchange Commission (SEC) are investigating the collapse of Silicon Valley Bank. Report Says Investigations Into Silicon Valley Bank’s Collapse Include Stock Sales by Senior Executives SVB Financial Group, the parent company of…

US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision – Bitcoin News

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The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central bank’s decision regarding the federal funds rate. Market Awaits Fed’s Decision on Interest Rates After CPI Report In February, inflation was consistent with expectations, with the consumer price index (CPI) increasing by 0.4% last month,…

FNCT (Financie Token) Exceeds JPY 20 billion (USD 150 million) in IEO Applications – Press release Bitcoin News

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press release PRESS RELEASE. Trading available on Coincheck (exchange) from March 16 〜 FNCT (Financie Token) main page: https://fnct.xyz Financie, Inc. (Headquarters: Shibuya-ku, Tokyo, CEO: Hironao Kunimitsu, hereinafter referred to as “Financie”) announces the results of its crypto asset FNCT (Financie Token) sales on the Coincheck IEO. The sales result shows that the application amount was JPY 20,021,288,100 (USD 150m) and the application rate was 18.78x. FNCT (Financie Token) will be available for trading on Coincheck from March 16, 2023, and we will launch FNCT Staking in Spring 2023. Additionally,…

Bitcoin Rallies Following News on US Inflation Data for February

Bitcoin hit an upswing ahead of the Fed’s inflation-focused meeting on March 22nd to decide rate hikes.  The price of Bitcoin (BTC) climbed sharply on news that US inflation had met Dow Jones and Nomura estimates. In February, US inflation rose 0.4% month-on-month and 6% year-on-year as the Federal Reserve readies its next rate hike exercise. Can Bitcoin Hit $30K on Momentum of Latest US Inflation Report Bitcoin price soared after the US inflation report, pushing past the $25K threshold, and currently sits at $26,014.33. This development already has analysts and…

LTC Back Above $80, DOGE Extends Gains Following Inflation Report – Market Updates Bitcoin News

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Litecoin rose by as much as 15% in Tuesday’s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again in the green, as prices of the token rose above $80.00 on Tuesday. Following a low of $75.20 to start the week, LTC/USD surged to an intraday peak of $86.34 earlier today.…

DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse – Bitcoin News

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The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: Report Claims Terraform Labs and South Korean Payment Firm Chai Under U.S. Investigation After the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Terraform Labs and its CEO, Do Kwon, accusing them of…

Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment – Sponsored Bitcoin News

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sponsored The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial licenses authorized by Securities and Futures Commission (SFC) and Insurance Authority (IA) of Hong Kong with Alchemy Pay, while Alchemy Pay commits to provide crypto payment solutions to all businesses in ZD Group. This collaboration aims to promote resource sharing and foster stronger business ties…

BTC Nearing $25,000 as Banks Face Exodus of Deposits – Market Updates Bitcoin News

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Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and Citibank are nearing a ten-year high. First Republic Bank has been another major firm to fall, with its stock dropping by over 60% on Monday. Ethereum was also higher in today’s session. Bitcoin Bitcoin (BTC) extended recent gains on Tuesday, as prices rose higher for a fourth consecutive session. Banking stocks were significantly lower to start the week, with…

Spain Prepares to Expand Offer of Gold Bullion Coins for Investors – News Bitcoin News

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The government of Spain has approved the resources for a new issuance of gold bullion coins, which will be directed to satisfy a higher estimated demand for these instruments. The Spanish National Coin Factory will purchase 40 million euros in high-quality gold pieces for this batch, a significantly higher amount of gold compared to the two series issued before. Spanish National Coin Factory Prepares Gold Bullion Coin Issuance Spain is preparing the issuance of a new gold bullion coin to satisfy the demand of the market for such instruments. In…