Fractional Reserve Banking Is a Fraud (but It's Genius)
[May 8, 2023 10:45 AM]
7 / 14 Relevant items tagged with #Banks
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Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’
[May 7, 2023 1:30 PM] Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures…
Bitcoin price sets new May high above $29.5K as traders eye breakout
[May 5, 2023 3:24 AM] Bitcoin bulls slowly claw back lost ground on the road to a $30,000 rematch as the U.S. banking crisis lingers.
Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion
[May 4, 2023 3:52 PM] BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.
Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’
[May 4, 2023 9:09 AM] Nerves become apparent across risk assets as U.S. regional banks add to already significant losses.
How are Bitcoin options traders positioning for the US banking crisis?
[May 4, 2023 7:51 AM] The total crypto market cap has been ranging sideways, but Bitcoin derivatives markets indicate pro traders don't expect any major price corrections.
Bitcoin eyes liquidity above $30K as gold hits new all-time high
[May 4, 2023 1:24 AM] Bitcoin is back above $29,000 as the ongoing U.S. banking crisis sends spot gold higher than ever before.
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
[May 3, 2023 11:30 PM] Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the…
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
[May 3, 2023 4:00 AM] Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian…
Breaking the Barriers of Traditional Banking With Digital Assets
[May 3, 2023 2:30 AM] Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading…
How can Bitcoin hold $28K amid the banking crisis?
[May 2, 2023 1:00 PM] On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin’s $28,000 support has a chance amid the recent banking crisis.
Ethereum price outlook weakens, but ETH derivatives suggest $1.6K is unlikely
[May 2, 2023 6:48 AM] Another top 20 U.S. bank bites the dust, but Ether’s price fails to benefit from the event.
Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout
[May 1, 2023 11:17 AM]
Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar
[May 1, 2023 10:19 AM] Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows.
JPMorgan to acquire troubled First Republic Bank
[May 1, 2023 2:05 AM] Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation.
FDIC pins Signature Bank's failure on poor governance and illiquidity
[Apr 29, 2023 9:22 PM] FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
[Apr 29, 2023 2:00 AM] A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to…
Fed, NYDFS assess their supervisory performance after March’s big bank failures
[Apr 28, 2023 3:39 PM] Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
[Apr 28, 2023 6:00 AM] Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s
Hong Kong regulator requires banks to open accounts for crypto firms
[Apr 28, 2023 3:46 AM] Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license.
Why This Top Financial Expert Is Saying ‘Buy Bitcoin’ Amid Looming Bank Failures
[Apr 28, 2023 12:47 AM] The traditional banking system is facing major challenges, and according to top financial expert Bernstein, Bitcoin (BTC) could be a savior. Bernstein analysts foresee Bitcoin’s long-awaited mainstream adoption could be potentially triggered…
Banks bullish on crypto: Standard Chartered’s Zodia raises $36M
[Apr 27, 2023 5:45 AM] After leading Zodia’s series A funding round, the Japanese financial conglomerate SBI Holdings became its second-largest shareholder.
Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services
[Apr 26, 2023 5:35 AM] All RLB NÖ-Wien clients will be able to invest in a broad number of cryptocurrencies with a budget of as little as one euro.
Bitcoin price jumps in the wake of First Republic Bank price crash
[Apr 25, 2023 10:20 PM] The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.
Foreign trade and pensions: What’s next for Russia’s CBDC project?
[Apr 20, 2023 7:23 AM] The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024.
Societe Generale launches euro-pegged stablecoin on Ethereum
[Apr 20, 2023 1:00 AM] The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures.
Ripple-based MoneyTap adopted by three Japanese banks
[Apr 17, 2023 7:56 AM] Japanese banks like Yamaguchi, Momiji and Kitakyushu now support the MoneyTap P2P remittance service based on RippleNet.
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
[Apr 14, 2023 7:30 PM] ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is…
Brooklyn court charges former banker for allegedly defrauding crypto investors
[Apr 12, 2023 2:40 AM] Brooklyn federal court charged a former investment banker for allegedly taking investors’ money under the pretext of making profitable crypto investments.
Wyoming defends crypto-friendly bank charter regime in Custodia Bank's lawsuit with Fed
[Apr 11, 2023 2:37 PM] “The State of Wyoming believes that this changes the tenor of the suit and in turn questions the legitimacy and viability of the State’s statutory framework," said AG Bridget Hill.